47 Monkton Street, Ryde PO33 2 bed flat for sale

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47 Monkton Street, Ryde PO33 2 bed flat for sale

47 Monkton Street, Ryde PO33
£105,500

Price History

Initial price £106,000
29/03/25 £105,500
Price Change -0.47%

Description

This property is being offered as an example of a property that can be purchased using a Home For Life Lifetime Lease, a program designed for individuals aged 60 and over. The program allows buyers to secure a lifetime lease on the property, with the option to purchase a share of the property value (up to 50%) to safeguard for the future. The cost of the lifetime lease is typically less than the full market value, with an average saving of 33% in this case. The property itself is a first-floor flat with allocated parking, located near local amenities and transport links. It offers a spacious interior, with room sizes ranging from 10'6 to 16'9. The property is being marketed as an ideal first-time home or investment opportunity, and buyers can choose to purchase the property at the full market value of £160,000 or use the Home For Life program to secure a lifetime lease.