Summary - South Street, Wellington, Somerset, TA21 TA21 8PA
1 bed 1 bath Apartment
Comfortable, light apartment with Lifetime Lease savings for over-60s.
Chain-free one-bedroom first-floor apartment with dual-aspect windows
A bright one-bedroom first-floor apartment in central Wellington, offered chain-free and ready for immediate occupation. The apartment sits in a Georgian building with high ceilings and period character, offering a spacious feel across 452 sq ft with dual-aspect windows that bring in good natural light.
This property is being marketed as suitable for over-60s through the Home for Life Lifetime Lease option. Typical savings range from around 20–50% depending on age and circumstances; the guide Lifetime Lease price shown is £73,750 (market value £110,000). The plan lets purchasers buy up to 50% of the property value to safeguard future equity — a personalised quote or online calculator is necessary to see the exact price for your situation.
Practical running costs are modest: a service charge of £748pa and ground rent of £150pa, with 110 years remaining on the lease. The apartment has an open-plan kitchen/living area, double bedroom with built-in wardrobe and bathroom with shower over bath, making it suitable as a retirement home or buy-to-let aimed at older tenants.
Notable points to check: the building shows historic features and potential for damp in parts, so a survey is advisable. Tenure details should be confirmed by your solicitor, and the final Lifetime Lease price will vary by individual circumstances. Overall, this is a manageable, characterful retirement apartment in a very affluent town location with good connectivity and local amenities.
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