Summary - South Street, Wellington, Somerset, TA21 TA21 8PA
1 bed 1 bath Apartment
Georgian first-floor retirement apartment with Lifetime Lease savings for over-60s.
Chain free, vacant one-bedroom first-floor apartment
Lifetime Lease option for 60+ with guide price £77,000
Full market value shown £115,000; price varies by age
125 years remaining on lease (commenced 2009)
Service charge £748 pa; ground rent £150 pa
Georgian building – high ceilings, large rooms, period features
Possible damp issues noted in building images — professional check advised
Shared ownership option; up to 50% purchase to safeguard capital
This one-bedroom first-floor apartment in central Wellington is offered as a retirement-friendly option with shared ownership via the Home for Life Lifetime Lease for those aged 60+. The Lifetime Lease guide price shown is £77,000 (based on an average saving of 33%); full market value is £115,000. The plan allows purchasers to buy up to 50% of the property value to safeguard capital for the future.
Set in a Georgian-style building, the apartment benefits from high ceilings and large rooms that create a light, airy feel. Accommodation includes an open-plan kitchen/living area, a double bedroom with built-in wardrobe, and a bathroom with shower over bath. The property is vacant and offered chain free, making it straightforward to progress for a retiring buyer seeking central access and local amenities.
Practical details: the lease has 125 years remaining (commenced 1 Jan 2009), annual service charge £748, and ground rent £150. Broadband and mobile signal are strong, flood risk is low, and the wider area is classed as affluent with good local facilities.
Notable considerations: the building is older (Georgian features) and image notes suggest potential damp issues — a buyer should verify condition and any repairs required. The Lifetime Lease price depends on age and circumstances; purchasers under 60 would pay the full market price. Leasehold terms and service charges should be checked by a solicitor before purchase.
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