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1 bed flat for sale

£76,500 Guide price

Palmerston Road, Shanklin, Isle Of Wight PO37

1 1 1
Interested in this property? Call 01903 906571 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Over 60s only under Homewise's lifetime lease plan
  • Discounts range from 8.5% to 59%
  • The actual price you will pay depends on your age, personal circumstances and property criteria
  • Call for a personalised quote
  • 1 bedroom first floor apartment
  • Spacious modern newly fitted kitchen/dinining area
  • Large bright lounge area
  • Recently converted and situated in an amazing location
  • Vacant possession
  • EPC energy rating C (77)

Property description

Purchasing this property with A lifetime lease


This property is offered at a reduced price for people aged over 60 through Homewise’s Home for Life Plan. Through the Home for Life Plan, anyone aged over sixty can purchase a lifetime lease on this property which discounts the price from its full market value. The size of the discount you are entitled to depends on your age, personal circumstances and property criteria and could be anywhere between 8.5% and 59% from the property’s full market value. The above price is for guidance only. It is based on our average discount and would be the estimated price payable by a 69-year-old single male. As such, the price you would pay could be higher or lower than this figure.

For more information or a personalised quote, just give us a call. Alternatively, if you are under 60 or would like to purchase this property without a Home for Life Plan at its full market price of £115,000, please contact Pittis.


Property description


Situated right on the main strip this spacious apartment has been newly converted and comes with all of the benefits of a new build property.

Located on the first floor and accessed by a security phone entry system, the apartment makes a great place to live or a buy-to-let investment to rent out.

Inside the home, the newly fitted kitchen/dining area has plenty of space when entertaining and opens out onto the lounge area.

This area is bright and airy with dual aspect double glazed windows filling the room with plenty of light.

Fully carpeted throughout this stunning apartment is ready to move into straight away.

The location could not be more perfect or ideal and is so convenient for the shops, the Old Village and the miles of golden sandy beaches.

Please refer to the footnote regarding the services and appliances.

Room sizes:
  • Entrance Hall
  • Kitchen/Dining Area 13'9 x 12'5 (4.19m x 3.79m)
  • Lounge Area 15'4 maximum x 8'7 (4.68m x 2.62m)
  • Bedroom 11'7 x 9'11 (3.53m x 3.02m)
  • Bathroom

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.


Floorplan(s): First Floor Plan

First Floor Plan View original

Market activity
Average price paid £214,900 Sales 169 Current average value £251,453 (Zoopla Zed-Index) Value change £13,671 ▲ 5.75%

Property value data/graphs for PO37

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £345,725 £257 3.6 £272,627
Semi-detached £227,659 £234 3.1 £219,094
Terraced £209,466 £239 2.7 £211,062
Flats £170,218 £241 1.8 £144,432

Current asking prices in PO37

Average: £189,807
Avg. current asking prices in PO37
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £125,000
(2)
£177,402
(22)
£238,493
(15)
£295,253
(17)
£530,000
(2)
Flats £93,774
(25)
£128,294
(18)
£163,536
(7)
- -
All £96,087
(27)
£155,304
(40)
£214,643
(22)
£295,253
(17)
£530,000
(2)

Current asking rents in PO37

Average: £624 pcm
Avg. current asking prices in PO37
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - £624 pcm
(1)
- - -
All - £624 pcm
(1)
- - -

Fun facts for PO37

Highest value in PO37
Highest value streets Zed-Index
Eastcliff Road £495,646
Vaughan Way £462,639
Rushclose £453,374
Priory Road £446,586
St. Boniface Cliff Road £400,824
Highest turnover in PO37
Highest turnover streets Turnover
Whitecross Avenue 49.3%
Craigmore Court 44.4%
Donnington Drive 41.4%
St. Pauls Crescent 40.0%
Howard Road 38.5%

What Zoopla users think of Shanklin

Overall rating:

  • currently 4 stars
Very good - 84% (19 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Shanklin:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Shanklin (0.3 miles)
  • Lake (1.0 mile)
  • Sandown (1.7 miles)
  • Southampton Airport (23.3 miles)
  • Bournemouth Airport (31.0 miles)
  • Shoreham Airport (40.8 miles)
  • Ryde Hoverport (6.9 miles)
  • Fishbourne IOW Ferry Terminal (7.1 miles)
  • Ryde Pier Head Ferry Terminal (7.3 miles)

Nearby schools

View all schools in Isle of Wight
  • Gatten and Lake Primary School (0.4 miles)
  • St Blasius Shanklin CofE Primary Academy (0.5 miles)
  • Broadlea Primary School (1.0 mile)
  • The Isle of Wight College (7.4 miles)
  • St Vincent College (11.7 miles)
  • Portsmouth College (13.3 miles)
  • Sandown Bay Academy (1.7 miles)
  • The Island Free School (2.6 miles)
  • St Catherine's School (3.0 miles)
Note: Distances are straight line measurements

Local info for Isle of Wight

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For more information about this property, please contact
Homewise Ltd, BN13 on 01903 906571 * (local rate)

Monthly running costs Beta

£407 Monthly total
Mortgage
Purchase price
Deposit (10%) 7,650
Repayment term 25
Interest rate 0.5
Your payment £244 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £250,000 Contents value up to £25,000 Average insurance cost £18/mo (£220/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £16 Electricity £26 Estimated energy cost £42/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5200 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Isle of Wight

Estimated tax band A Council tax cost £103 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Contact Homewise Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Homewise Ltd, and do not constitute property particulars. Please contact Homewise Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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