1 bedroom ground floor flat for sale

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1 bedroom ground floor flat for sale

Spring Gardens, Shanklin, Isle of Wight
£52,750

Price History

Initial price £53,250
05/07/25 £52,750
Price Change -0.94%

Description

This property is a ground floor flat, ideal for a single person, with compact accommodation and a short walk from Shanklin's town center and train station. The property has previously been a profitable buy-to-let investment, but would also make a great first-time buy. The Home for Life Plan from Homewise offers a Lifetime Lease option for those aged 60 or over, allowing them to purchase a share of the property value to safeguard for the future. The cost of the Lifetime Lease is typically less than the full market value, with a guide price of £52,750 for this property, representing a saving of 33% compared to the market value of £80,000.