1 bedroom apartment for sale

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1 bedroom apartment for sale

Palmerston Road, Shanklin, Isle of Wight
£69,750

Our Summary

  • Currently only available to cash buyers due to a short lease the apartment offers good sized accommodation with the added bonus of allocated parking

Description

This property, a first-floor apartment in Shanklin, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan, which allows those aged 60 or over to secure a Lifetime Lease and a share of the property value. The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future, with the cost to purchase the Lifetime Lease typically being less than the full market value. For this property, the Lifetime Lease price is £69,750, which is a saving of 33% compared to the market value of £105,000. The property itself offers good-sized accommodation, including a lounge/dining room, bathroom, and kitchen, as well as allocated parking. Viewings are highly recommended as it is expected to attract a lot of interest.