1 bedroom ground floor flat for sale

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1 bedroom ground floor flat for sale

Granville Road, Totland Bay, Isle of Wight
£66,500

Our Summary

  • PROPERTY DESCRIPTIONThis property is an ideal investment opportunity, being sold with a tenant in situ, ensuring immediate rental income

Description

This property is being sold with a tenant in situ, offering immediate rental income. Located in Totland, it's a short walk from the pier and close to local amenities and bus routes. The property is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease, a plan specifically designed for those aged 60 or over. Through this plan, buyers can secure the property with a lifetime lease and a share of the property value, saving between 20% to 50% of the market value. The price of the lifetime lease for this property is £66,500, based on an average saving of 33%. The property itself is a great investment opportunity, with promising yield potential, making it perfect for investors looking to enhance their portfolio.