Communal gardens, residents' lounge, laundry, guest suite and lift
Chain-free sale; available to purchasers aged 55+ (lease restriction)
Service charge £3,695.84 pa; covers communal services and manager
Ground rent £782.20 pa — comparatively high for the price
125-year lease from July 2001; check remaining term for mortgage limits
Electric storage heaters; no central gas heating, higher energy costs possible
1% seller’s transfer charge on completion payable from sale price
Located close to St Thomas station, shops, Quayside and river walks
Set within a well-maintained McCarthy & Stone development, this one-bedroom retirement apartment offers low-maintenance living close to Exeter’s Quayside and local amenities. The lounge opens onto communal gardens and there are communal facilities including a residents’ lounge, laundry, guest suite, lift and house manager with a 24-hour emergency Careline.
The apartment is practical for downsizers: a spacious double bedroom with fitted wardrobe, a separate kitchen and shower room, and double glazing. Heating is via electric storage heaters and the accommodation is offered chain free, making move-in straightforward for the eligible buyer aged 55+.
Buyers should note the financial and management details that affect running costs and sale proceeds. The service charge is £3,695.84 (year to 31 August 2026) and the ground rent is £782.20 per annum. The lease runs from July 2001 for 125 years. A contractual 1% transfer charge on the sale price is payable on completion.
This apartment suits someone seeking a secure, social retirement setting with easy access to shops, public transport and riverside walks. It is well placed for fast broadband and excellent mobile signal but will suit buyers happy with electric storage heating and typical apartment maintenance governed by the managing company.
