Initial price	£86,250
14/08/25	£73,000
19/08/25	£72,500
Price Change	-15.94%

This property is a second-floor retirement flat with garden views, located walking distance from Margate's sandy beaches. The property features a spacious lounge, kitchen, two bedrooms, bathroom, and store room. The bedrooms are generous in size, with the second bedroom currently used as a dining room. The property also benefits from a communal garden and lounge, laundry room, and restaurant on site, where residents can enjoy subsidized meals throughout the day. The property is being marketed by Homewise, which offers a Home for Life Plan, allowing those aged 60 or over to purchase a Lifetime Lease and a share of the property value, potentially saving between 20% to 50% of the market value. The price of the Lifetime Lease for this property is £72,500, based on an average saving of 33%.