Summary - THE BOATHOUSE, ATLAS PLACE, WILKEY WAY ME4 3AN
2 bed 1 bath Apartment
Comfortable supported living close to the marina and local shops.
75% shared ownership only, 117 years remaining on lease
This well-presented two-bedroom apartment on St. Mary’s Island offers 75% shared ownership, sold chain free and designed specifically for residents aged 55+. Set within Atlas Place, the home combines independent living with on-site support: five cooked meals weekly, daily activities, a 24/7 care team, mobility scooter charging and an on-site hair and treatment salon.
Internally the apartment is bright and practical. An open-plan kitchen/living/dining area with a Juliet balcony overlooks landscaped communal gardens, while two good-sized bedrooms and a contemporary accessible wet-room provide easy, low-maintenance living. The building benefits from communal lounges, guest suite, landscaped grounds and allocated off-street parking.
Buyers should note this is a leasehold shared ownership property (75% share) with 117 years remaining. Service charges are substantial — approximately £782.57 per month (about £9,370.84 annually) covering communal services, heating, hot water, meals and management — and there is an annual ground rent of £260. Broadband speeds in the development are reported slow; heating is provided via a community scheme. These costs and arrangements are important factors for budgeting and long-term plans.
Overall this apartment suits someone seeking a sociable, supported over-55s community by the river, looking to downsize without losing convenience or support. The property offers immediate occupation chain free, with scope to tailor interiors if desired, but buyers should factor the ongoing service charge and shared-ownership terms into affordability calculations.
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