19 Spring Gardens, Shanklin PO37 1 bed ground floor flat for sale

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19 Spring Gardens, Shanklin PO37 1 bed ground floor flat for sale

19 Spring Gardens, Shanklin PO37
£52,750

Price History

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

Description

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.