Initial price	£159,000
26/10/24	£158,500
06/11/24	£152,000
Price Change	-4.40%

This top-floor apartment in St Mary's Island is now available for purchase through the Home for Life Plan, a lifetime lease option available to those aged 60 or over. The property features a balcony with stunning views, perfect for someone looking to get on the property ladder or add to their portfolio. The apartment has a spacious lounge/diner, kitchen, two bedrooms, and a bathroom, as well as allocated undercroft parking. Through the Home for Life Plan, the buyer can secure the property with a lifetime lease and a share of the property value, with the option to purchase up to 50% of the property. The cost of the lifetime lease is less than the full market value, with a typical saving of 20-50% for over-60s. The market value of the property is £230,000, but the lifetime lease price is £152,000, based on an average saving of 33%.