Affordable central retirement flat with communal gardens and parking.
Chain free and in central Winchester, short walk to High Street
Over-55s development with lift, communal gardens and residents parking
Compact one-bedroom flat, approximately 342 sq ft — ideal for downsizing
Requires modernisation; scope to personalise and add value
Electric storage heating and double glazing; heating may be costly to upgrade
Lease 61 years remaining — lenders may refuse mortgages on this property
Service charge c. £3,713.80pa; ground rent £100pa and review due
Local crime level recorded as high — consider security and insurance costs
Quietly tucked on Tower Street, this one-bedroom first-floor apartment sits in an over-55s development a short walk from Winchester High Street. The block benefits from a lift, residents’ parking and two communal gardens, and the flat takes a sunny position at the front with a pleasant outlook and a bright living room. With no onward chain it offers straightforward possession for a downsizer or buyer seeking a city centre retirement base.
The accommodation is compact (circa 342 sq ft) and includes a double bedroom with built-in storage, separate kitchen and bathroom. The property has double glazing and electric storage heating; it will benefit from cosmetic updating and internal modernisation to bring it up to current standards and personalise the interior.
Important practical points: the lease has 61 years remaining and this will restrict mortgage availability — many lenders refuse to lend on leases of this length. The annual service charge is relatively high and there is a small ground rent. Also note the local crime level is recorded as high, which may be relevant to some buyers.
For the right purchaser this flat represents an affordable, low-maintenance city-centre retirement opportunity with scope to add value through refurbishment. Position, parking and communal facilities are strong selling points, but buyers should check leasehold lending options and factor renovation costs and ongoing charges into their plans.