Quiet retirement flat with balcony, parking and flexible Lifetime Lease options.
Allocated off-street parking to the rear
Balcony with countryside views to the front
Spacious kitchen/dining room, good for entertaining
Home for Life Lifetime Lease example price £99,500 for over‑60s
Leasehold with ~75 years remaining — lenders may refuse mortgage
Service charge ~£1,776pa and ground rent £200pa
Constructed 2003–2006 with double glazing and gas central heating
Local area classed as deprived; crime level average
This second-floor, two-bedroom apartment in Sandown offers a relaxed retirement setting with practical, low-maintenance living. The flat has a roomy kitchen/dining area ideal for entertaining, a balcony with countryside views to the front, and allocated off-street parking to the rear. Modern gas central heating and double glazing (installed post‑2002) keep running costs sensible, and mobile signal and broadband speeds are strong for staying connected.
The property is being marketed with a Home for Life Lifetime Lease example for buyers aged 60+: a guide Lifetime Lease price of £99,500 (typical saving around 33% against the £150,000 market value) is quoted but the actual figure varies by age and personal circumstances. The plan allows purchase of up to a 50% share to protect future value. If you are not eligible for the Lifetime Lease, the full market route remains available.
Important practical points: the flat is leasehold with around 75 years remaining, which may restrict mortgage options and deter some lenders. Service charge and ground rent apply (approx. £1,776 pa service charge and £200 pa ground rent). The building is relatively modern (constructed 2003–2006) but the local area scores as more deprived and crime is average — factors to weigh if resale or rental potential is important.
Overall, this apartment suits a retirement buyer seeking an accessible, low-fuss home near shops, schools and countryside paths, or an investor wanting a straightforward rental unit — provided they accept the lease length and ongoing service costs.
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