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2 bed property, in Penrose Terrace, £207,750
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2 bed flat

Penrose Terrace, Penzance, Cornwall TR18
£207,750
LeaseholdNew BuildRetirement

The property is a retirement home available for purchase. Its market value price is £310,000, but over-60s buyers may be able to secure it through Homewise's Home for Life Plan, which involves purchasing a Lifetime Lease and a share of the property value. The price of the Lifetime Lease is £207,750, indicating a saving of 33% compared to the market value price, with the potential to save up to 50% depending on the buyer's age and circumstances. The property is being marketed as an example of a property that could be purchased using a Home for Life Lifetime Lease.