Compact second-floor retirement flat with communal facilities and river views, sold with lease caution..
Second-floor one-bedroom apartment with park and river views
Purpose-built retirement block; residents must be 60+ (couples 55+ rule applies)
Compact footprint ~416 sq ft — low-maintenance but limited space
Circa 60 years remaining on lease — likely mortgage lender refusal
Service charge £2,532.32pa; ground rent £466.32pa; possible event fees
Lift to all floors, Development Manager, 24-hour emergency Appello system
Electric storage heating; running costs may be higher than gas-heated homes
Communal facilities include lounge, laundry, two guest suites and gardens
A second-floor, one-bedroom retirement apartment in Homespinney House with pleasant park and river views. The block, built by McCarthy & Stone in the late 1970s/early 1980s, offers communal gardens, a residents' lounge, guest suites, laundry and a 24-hour emergency Appello system for added peace of mind.
The apartment is compact (approximately 416 sq ft) with a modern-feeling fitted kitchen and double glazing. All floors are served by a lift and the Development Manager provides on-site support when available. Broadband and mobile signal in the area are reported as fast and excellent respectively.
Important finance and maintenance facts are clear: the lease term is short for mortgage purposes (circa 60 years remaining) and many lenders may refuse a mortgage unless the lease is extended. Service charge (£2,532.32 pa) and ground rent (£466.32 pa) apply, and there may be additional event fees and charges for communal satellite usage.
This apartment suits a buyer aged 60+ seeking a low-maintenance retirement base with communal facilities and riverside views, or a cash buyer/investor aware of lease limitations. Note the building uses electric storage heating and crime in the immediate area is above average; viewings should consider comfort, running costs, and the lease-extension cost before committing.
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