This property, a ground-floor apartment, is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease. The property is in need of modernization and is being sold chain-free, making it perfect for those looking to put their own stamp on a home. The apartment is conveniently located near Sandown and Shanklin towns and beaches, and has a small patio area and allocated parking space. The property is only suitable for cash buyers due to a short-term remaining on the lease. With a Home For Life Lifetime Lease, homeowners aged 60 or over can secure the property with a share of the property value, saving between 20% to 50% of the market value. The cost to purchase the Lifetime Lease is always less than the full market value, with the price varying depending on age, personal circumstances, and requirements.