Modern one-bed retirement apartment with private garden, parking and Lifetime Lease option.
One-bedroom retirement apartment, approx. 465 sq ft
This newly built one-bedroom retirement apartment sits in the popular Charmans Lodge development in Southwater village. The development combines private gardens, allocated off-street parking and communal facilities including a residents’ lounge with coffee bar and a guest suite — practical benefits for regular visitors and sociable communal life.
The property is offered as leasehold with a long 999-year term and is presented through a Home for Life Lifetime Lease example. The full market price is £374,950; a Homewise Lifetime Lease guide price quoted here is £263,000 (typical savings of c.30%), but the actual price depends on age, personal circumstances and any share of value purchased (up to 50%). Interested buyers should use Homewise’s calculator or request a personalised quote to confirm figures.
Practical points are straightforward: the apartment is around 465 sq ft, designed for over-60s, in a very affluent area with very low crime and no flood risk. Service charges are c.£2,914 per year; this covers communal upkeep but is a material ongoing cost to factor into affordability. Broadband and mobile signals are average locally. Buyers should verify all details with their solicitor, including lease and service charge inclusions.
This property suits downsizers seeking a modern, low-maintenance home in a village setting with communal support and visitor accommodation. It presents immediate ease of living, plus the potential financial structuring offered by a Lifetime Lease — but buyers must check eligibility for the scheme and consider the service charge and leasehold nature before committing.