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 available for purchase through a Lifetime Lease with Homewise's Home for Life Plan, specifically designed for those aged 60 or over. The plan allows buyers to purchase a share of the property value, up to 50%, to safeguard for the future, with a cost that is typically 20-50% less than the full market value. For this property, the Lifetime Lease price is £69,750, based on an average saving of 33%, compared to the market value of £105,000. The apartment offers good-sized accommodation, a lounge/dining room, bathroom, and kitchen, as well as allocated parking, and is ideal for a first-time purchase or holiday home.