Retirement flat with parking and communal gardens, needs modernisation and lease attention.
First-floor two-bedroom retirement apartment
A spacious two-bedroom retirement apartment in central Marlborough, positioned on the first floor of a purpose-built block with pleasant communal gardens and residents’ parking. The south-facing sitting room enjoys views over nearby playing fields and generous room proportions that suit comfortable living or downsizing. The development is conveniently placed within easy walking distance of the High Street, Waitrose and local healthcare.
The flat is sold with a 1/15th share of the freehold but only 76 years remaining on the lease; this is an important practical issue as many mortgage lenders may refuse to lend. The property also requires some modernisation throughout and is heated by electric storage heaters, which buyers should factor into running costs and improvement plans.
Service charges are substantial at approximately £2,822.90 per year, covering communal maintenance and facilities including laundry and grounds. The apartment offers clear potential for someone seeking a low-external-maintenance home close to town amenities, particularly a cash buyer or a purchaser able to fund lease extension and renovation works.
Overall, this apartment is well-located for town-centre retirement living and presents solid scope to modernise and personalise. However, the limited lease length and service charge level are material drawbacks that interested buyers must investigate early in their due diligence.
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