2-bedroom bungalow · EX16 8AZ
For saleReduced £6.8k (−3.9%) on 23 AugListed 252 days
Opportunity summary
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About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £174,250 based on an average saving of 33%.
Market Value Price: £260,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £260,000, please contact the estate agent Webbers.
Property description A well-presented two/three bedroom link-detached bungalow, quietly positioned within a cul-de-sac and benefitting from a driveway and enclosed gardens.
The property is attractively maintained throughout and further advantages include solar panels.
The well-proportioned accommodation comprises an entrance porch leading into the entrance hall, which features both a useful cloak cupboard and an airing cupboard.
The living room is a generous size and enjoys the added feature of a wood-burning stove.
The kitchen has been extended to form a kitchen/diner and is fitted with a range of wall and base units, with space for an electric oven and plumbing for a washing machine.
A door provides direct access to the rear garden. There are two double bedrooms and one single bedroom.
The accommodation is completed by a stylish, partly tiled bathroom, fitted with a bath and shower over, vanity unit with wash hand basin, and WC.
Outside To the front of the property is a level lawn with established flower beds and a concrete pathway leading to the front door.
A driveway provides access to the garage, which has been partially converted at the rear to create an additional bedroom or study.
To the rear is a fully enclosed, level garden, mainly laid to lawn, with a patio seating area, decking, and a pond. The garden further benefits from two timber stores and a greenhouse.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 1 Melhuish Close, Witheridge Tiverton Devon, Tiverton
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