Initial price	£248,000
07/07/25	£247,500
18/07/25	£227,500
Price Change	-8.27%

This detached modern bungalow in Shanklin is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease. The Lifetime Lease allows those aged 60 or over to secure the property with a share of the value, saving between 20% to 50% of the full market value. The guide price for the Lifetime Lease is £227,500, which is based on an average saving of 33%. The property itself is a spacious home with a stunning conservatory, integral garage, and wonderful gardens, offered for sale chain-free. The property has five bedrooms, a study, lounge, dining room, kitchen, shower room, and workshop, with a front and rear garden.