Compact one-bedroom retirement flat close to Waterlooville town centre — lease and charges require careful consideration.
One double bedroom with fitted wardrobes
Second-floor retirement flat—check mobility/lift access
Emergency alarm cords and communal facilities included
Communal garden and close to Waterlooville town centre
58 years left on lease—may prevent mortgage approval
Service charge £2,598.90 per year; ground rent £397.68
Electric storage heating; main fuel electricity
Very high local crime rate—consider security and insurance costs
A compact one-bedroom retirement flat on the second floor of Homewater House, positioned within easy walking distance of Waterlooville town centre and local amenities. The apartment offers a comfortable lounge, fitted-wardrobe bedroom, modern kitchen and a shower room, plus emergency alarm cords throughout—features designed for independent older residents seeking low-key, central living. There is a communal garden and communal facilities that add to day-to-day convenience. No forward chain is offered.
Buyers should note a materially short lease (58 years remaining) which is likely to restrict mortgage options and will be a key consideration for solicitors and lenders. The property also carries an above-average annual service charge (£2,598.90) and a ground rent (£397.68 per year). Heating is by electric storage heaters and the main fuel is electricity.
The flat suits downsizers or retirees seeking a compact, manageable home close to shops, transport and local services. It is practical and ready to occupy but is not suitable for buyers requiring a long lease for mortgage finance or extensive future resale planning. Prospective purchasers should obtain specialist advice on lease extension costs, lender acceptability and long-term running costs before committing.