Initial price	£53,250
06/07/25	£52,750
Price Change	-0.94%

This property is a ground floor flat that is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease, a plan designed for those aged 60 or over. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future, with the cost of the lease typically being less than the full market value. For this property, the guide price for the Lifetime Lease is £52,750, which is a saving of 33% compared to the market value of £80,000. The property itself is compact and ideal for a single person, with a short walk to Shanklin town center and its amenities. It has previously been a profitable buy-to-let property and could now make a great first-time buy or investment opportunity.