Initial price	£66,500
07/05/25	£66,000
Price Change	-0.75%

This property is a ground floor apartment that is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. The plan allows individuals aged 60 or over to purchase a share of the property's value, with the cost being less than the full market value. For this property, the lifetime lease price would be £66,000, which is a 33% saving on the market value of £100,000. The property itself is in need of modernization and is located in a convenient area with easy access to Sandown and Shanklin towns and beaches. It also comes with an allocated parking space and a small patio area. Due to a short-term remaining on the lease, the property is only suitable for cash buyers.