Summary - HOMELANDS HOUSE, 535 FLAT 86 RINGWOOD ROAD FERNDOWN BH22 9DB
1 bed 1 bath Retirement Property
Refreshed one-bed retirement flat near Ferndown shops — investment or downsizer option with lease caution.
Close to Ferndown town centre and local amenities
Includes house manager, communal lounge, laundry and lift access
Recently updated shower room, modern kitchen, new carpets
Double bedroom with built-in wardrobes and garden views
Currently tenanted — sold as an investment opportunity
Lease 56 years remaining — may prevent mortgage lending
Annual service charge ~£3,425 and ground rent ~£423 (both notable)
Electric storage heating — potentially higher running costs
This first-floor, one-bedroom retirement apartment at Homelands House offers practical, low-maintenance living close to Ferndown town centre. The flat has been recently refreshed with a modern kitchen, updated shower room and new carpets, and benefits from communal facilities including a resident lounge, laundry room, house manager and off-street parking. Large windows give pleasant views over well-kept communal gardens.
Currently tenanted, the property suits an investor seeking immediate income or a buyer happy to purchase with a sitting tenant. The layout is sensible: a spacious lounge/diner, a double bedroom with built-in wardrobes and a compact but efficient kitchen. Lift access and proximity to shops and local amenities add convenience for older residents.
There are important drawbacks to note. The lease has 56 years remaining — this is low for a leasehold retirement flat and may prevent most buyers from obtaining a mortgage. Service charges and ground rent are significant (approx. £3,425.08 and £423.38 annually) and heating is by electric storage heaters, which can mean higher running costs. The building was constructed in the 1980s and, although the apartment is newly refreshed, buyers should allow for typical communal maintenance obligations.
Overall, this is a straightforward retirement home or income purchase that scores highly for location, communal support and present condition, but the short lease and associated costs are material factors that will affect mortgageability and long-term value.
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