Low-maintenance retirement living with communal facilities and lift access.
30% shared ownership with option to buy further shares
On-site manager, lift access and communal facilities included
Exclusively for over-55s; low-maintenance retirement living
Bright lounge with Juliet balcony overlooking communal gardens
Service charge around £485/month (below average); ongoing cost
Ground rent £150 pa, rising to £225 on 31.12.2037
Lease 113 years remaining; sold chain free
Rent payable until 75% ownership; rent increases annually
Set within a purpose-built development in central Warwick, this first-floor two-bedroom retirement apartment offers low-maintenance living for the over-55s. The home is bright and well-presented with a Juliet balcony overlooking landscaped communal gardens, an open-plan kitchen, and a wet-room bathroom. Lift access and an on-site manager provide added convenience and reassurance.
The property is offered as a 30% shared ownership with the option to buy additional shares (rent is payable until 75% ownership is reached). Monthly service charges and a modest ground rent apply; note the ground rent increases in 2037 and rent charges rise annually. The lease has 113 years remaining, and the flat is sold with no onward chain.
Residents benefit from extensive communal facilities including a lounge, dining room, hair salon, laundry, and well-kept courtyard gardens — suitable for those seeking social living and practical support. The community heating scheme and communal management keep day-to-day maintenance low, but shared-ownership rules, service charges and future ground rent changes are important financial considerations.
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