2 bedroom retirement property for sale
Key information
Property description & features
- Tenure: Leasehold (90 years remaining)
- 80% Share Available
- Residents Facilities Lounge, Hobby Room, Guest Suite, Residents Parking & Gardens
- Lift Served Development
- Lounge/Dining Room
- Fitted Kitchen With Built In oven & Hob
- 2 Bedrooms
- Wet Room
- Electric Heating
- Double Glazing
- An Excellent Retirement Proposition
The development benefits from communal facilities provided for the use and enjoyment of all residents, including a resident’s lounge, kitchen-dining room and further sitting rooms on the upper floors plus communal gardens and residents parking area.
An 80% share in the ownership of the apartment is available.
In fuller detail the accommodation comprises (all measurements are approximate):
Communal approach leading to a private door to the apartment:
Hallway - Built in cloaks cupboard, linen cupboard and airing cupboard with hot water cylinder. Night storage heater.
Lounge/Dining Room - 4.31m x 4.60m (14'1" x 15'1") - Double glazed windows, night storage heater. Door to
Kitchen - 3.77m x 2.12m (12'4" x 6'11") - Double glazed window and double glazed velux style window. Range of modern fitted wall and floor units providing drawer and cupboard storage space with rolled edged work surfaces and tiled surrounds, inset stainless steel single drainer sink unit and built in oven and hob.
Bedroom - 5.40m x 2.75m (17'8" x 9'0") - Double glazed window and double glazed velux style window, night storage heater.
Bedroom - 3.61m x 2.33m (11'10" x 7'7") - Double glazed window and double glazed velux style window. Electric panel heater.
Wet Room - 2.10m x 1.87m (6'10" x 6'1") - Tiled floor with floor drain and thermostatic shower, wc/bidet and wall hung wash hand basin. Heated towel rail.
Tenure - The property is Leasehold for a term of 125 years from the 25th December 1989. The residue of that leasehold interest is available. All the apartments are sold with an 80% equity with a 20% share being retained by Curo (formally the Somer Community Housing Trust).
The development is restricted to those persons over 55 years. It offers independence but with the extra security offered by the support of a part time Leasehold Officer on site in case of an emergency and in their absence an emergency alarm call system that is directed to a 24 hour emergency control facility.
The apartments are sold with no chain. Residents have the security of knowing that the freeholder will undertake the management of the development and be responsible for the maintenance of the grounds, common parts, buildings insurance, exterior repairs and decoration.
The annual service charge for a 2 bedroom property for the year 2024-2025 is £3,721.19. All tenure and service charges, details should be confirmed with your legal adviser prior to exchange of contracts.
Council Tax - According to the Valuation Office Agency website, cti.voa.gov.uk the present Council Tax Band for the property is C. Please note that change of ownership is a ‘relevant transaction’ that can lead to the review of the existing council tax banding assessment.
Agents Note - We have been informed by the freeholder (August 2022) that major works are expected to be carried out at Meadow Court over the next 5 years including the replacement of the windows, fire alarm etc, communal areas, heating and wiring and works to the lift(this is not an exhaustive list). Whilst we cannot confirm service charges for future years (as they are calculated annually) 80% of the costs expended will be passed on to the leaseholders. As a guide for the year 2022/23 the estimated charges per flat are currently £3551.67for a one bed unit and £4994.88 for a 2 bed unit. It is anticipated that investment in the building will have a positive impact on the future value of the flats. Please make any further queries with a negotiator who can put you in touch with the freeholder.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 30996337. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Davies & Way - Saltford.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 8, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 17, 2012 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.