Initial price	£83,000
28/05/25	£82,500
Price Change	-0.60%

This property is a modern apartment located in the heart of Shanklin, with a first-floor location and access to the main shopping area. The property is available for purchase through a Home for Life Plan, which allows those aged 60 or over to secure the property with a lifetime lease and a share of the property value. The cost of the lifetime lease is £82,500, which is a saving of 33% compared to the full market value of £125,000. The property features two bedrooms, a bathroom, kitchen/living room, and an allocated parking space. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future. The property is being marketed by Homewise as an example of a property that can be purchased using a Home for Life Lifetime Lease, and is not exclusively for sale to the over-60s.