Compact, modern two-bed close to town — ideal first home or investment.
Top-floor two-bedroom apartment, compact 457 sq ft
This top-floor two-bedroom apartment sits in a modern, purpose-built block just a short walk from Shanklin town centre and transport links. The compact layout offers an efficient open-plan kitchen/living area, one bathroom and two small bedrooms — ideal for a first-time buyer, downsizer or buy-to-let investor seeking a low-maintenance property.
Practical positives include allocated off-street parking, double glazing, a secure communal entrance and 113 years remaining on the lease. The building appears well kept and the service charge is modest for this type of development, while council tax is very low — easing ongoing running costs.
Buyers should note the apartment is electrically heated with storage heaters rather than gas, which may affect heating costs. There is no private garden or outdoor space and rooms are compact; the overall square footage is small. The tenure is leasehold with a ground rent of £100 and a service charge of £555 per year, which should be factored into affordability calculations.
Overall this property suits someone seeking a low-hassle, central Shanklin base or an investment with straightforward tenant appeal. It offers convenience, modern fittings and long lease tenure, but limited living space and electric heating that may prompt future buyers to budget for running costs or minor updates.
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