Summary - Flat 35, Home Rees House 1-5, The Parade SA31 1LY
1 bed 1 bath Apartment
Compact, managed retirement apartment with communal facilities and 24-hour support.
Second-floor, one-bedroom retirement apartment (approx. 418 sq ft)
A compact second-floor retirement apartment in the purpose-built Ty Rhys development, suited to a single occupant or couple seeking low-maintenance living close to town. The block is well served with a lift, on-site Development Manager, 24-hour Appello emergency call system and communal facilities including a residents’ lounge, laundry and guest suite. At about 418 sq ft the apartment offers a straightforward layout: entrance hall, living room, kitchen, one bedroom and bathroom — ideal for downsizers who want manageable space.
Buyers should note this is a leasehold retirement property with 88 years remaining on the 125-year lease begun in 1988. Service charge and ground rent are significant ongoing costs (service charge approx. £3,556.72pa; ground rent £505.64pa). Heating is by electric storage heaters and mains fuel is electricity, which can increase running costs compared with gas-heated homes.
The development sits in a busy urban area with excellent mobile and broadband coverage, convenient local amenities and potential views across the Towy Valley from some apartments. However, the immediate area records very high crime and high deprivation indices; prospective buyers should visit at different times and check local services and security measures to assess suitability and personal comfort.
Priced at £60,000, this apartment offers an entry point into managed retirement living with communal support and low-maintenance homeownership. It will suit buyers prioritising convenience, on-site support and compact living, but it is less suitable for those seeking large, rural or very quiet settings, lower running costs, or long unexpired leases.
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