Ideal for a low-maintenance single occupancy near shops and services.
One-bedroom first-floor apartment in retirement development
Communal gardens, lounge, laundry and on-site manager
Compact layout — total area approximately 424 sq ft
Electric storage heating; double glazed windows
Off-street resident parking; pleasant green outlook
Service charge approx. £3,083.46 per year
Ground rent approx. £449.62 per year
Only 59 years left on lease; lenders may refuse mortgages
A compact one-bedroom apartment within Homefayre House, a purpose-built retirement development close to Fareham town centre. The building offers communal gardens, a residents’ lounge, laundry room and on-site manager, making everyday living low-maintenance and sociable. The flat itself has a lounge/dining area, fitted kitchen, bedroom with built-in wardrobe and a bathroom — all arranged for efficient single-level living.
Practical features include double glazing, electric storage heating and off-street resident parking. The site is well maintained and set back from the road, providing a pleasant green outlook from the windows. Council tax is very inexpensive and the development benefits from good mobile signal and generally fast broadband infrastructure in the area (note: no broadband currently connected to this flat).
Important lease information: there are approximately 59 years remaining on the lease. This is likely to restrict mortgage options — many lenders refuse mortgages with short leases — and will be a key consideration for buyers and their advisers. Annual charges are notable: a service charge of about £3,083.46 and ground rent around £449.62.
Suitable for a buyer seeking a low-care retirement base within easy reach of shops and local amenities, the apartment offers communal support features and compact, practical accommodation. Buyers should obtain specialist leasehold and mortgage advice because of the limited lease term and the potential impact on resale and lending options.
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