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

This property is a ground floor flat in Shanklin, ideal for a single person, and is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease. The property can be secured with a lifetime lease and a share of the property value through Homewise's Home for Life Plan, which allows those aged 60 or over to purchase a lifetime lease and safeguard for the future. The cost to purchase the lifetime lease is always less than the full market value, and the price will vary depending on the individual's age, personal circumstances, and requirements. The property is being sold at a guide price of £52,750, which is a saving of 33% compared to the market value of £80,000. The property offers compact accommodation, including a hallway, bathroom, bedroom, lounge, and kitchen, and is located just a short walk from town with its mix of shops and train station.