Coombe Park, Ventnor PO38 2 bed detached bungalow for sale

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Coombe Park, Ventnor PO38 2 bed detached bungalow for sale

Coombe Park, Ventnor PO38
£221,500

Our Summary

  • 2 bedrooms but potential for 3

Description

This detached bungalow, situated in the countryside near Wroxall village, is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease. The property, which has wonderful views over the Appuldurcombe estate, was originally a three-bedroom home but is currently arranged as a two-bedroom bungalow with a dining room. The property is being sold to over-60s through the Home For Life Plan, which allows them to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost of the Lifetime Lease is typically less than the full market value, with an average saving of 33%. The property is priced at £221,500 for an over-60s customer, compared to the market value of £335,000.
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