Shared-ownership second-floor home with balcony and landscaped communal gardens.
Second-floor two-bedroom retirement apartment with east-facing balcony
Built 2018, modern fittings and integrated kitchen appliances
Washer-dryer in utility cupboard; master bedroom with en-suite and fitted wardrobe
Long lease (988 years) and SAP rating up to 87
Shared-ownership tenure with various share options and example prices
Service charge £379 pcm (below average) and leasehold ownership
Over‑55 occupation restrictions; whole-home subletting limited by lease
Electric room heaters — may increase running costs compared with gas
A purpose-built retirement apartment in a small Cullompton development, this second-floor two-bedroom home suits buyers over 55 seeking low-maintenance living and shared-ownership flexibility. The open-plan living area opens onto an east-facing balcony with Culm valley views; select apartments enjoy private outdoor space and landscaped south-facing communal gardens with seating.
The apartment is modern (built 2018) and energy-efficient (SAP up to 87). Fitted features include a fully equipped kitchen with integrated appliances, washer-dryer in a utility cupboard, master bedroom with fitted wardrobe and en-suite, plus additional storage and a walk-in wardrobe. Long lease (988 years) and a below-average service charge of £379 pcm are practical benefits for longer-term planning.
Important practical points: this is a leasehold retirement property sold on a shared-ownership basis (different purchase-share options available, example: 50% share £165,000 with £379pcm service charge; 75% share £247,500). Occupation is restricted to older persons and whole-home subletting is limited by the lease. Heating uses electric room heaters — convenient but potentially more expensive than gas in colder months.
Overall, this apartment is aimed at downsizers or retirees wanting modern, low-upkeep accommodation close to town amenities and countryside views. Buyers should factor in ongoing service charges, shared-ownership terms, and electric heating costs when comparing affordability.
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