Initial price	£77,750
24/05/25	£77,250
29/05/25	£74,500
Price Change	-4.18%

This modern 1-bedroom apartment is located in the heart of the main town on the island, close to transport links and amenities. The property is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan, which allows those aged 60 or over to secure a property with a lifetime lease and a share of the property value. The plan allows customers to purchase up to 50% of the property value, with the cost of the lease being less than the full market value. For example, the lifetime lease price for this property is £74,500, which is 33% less than the market value of £112,950. The property itself is well-presented and features a bright and modern kitchen/lounge area, built-in cooker and hob, and a bathroom. It would make an ideal buy-to-let investment or a secure and affordable home for those aged 60 or over.