* Leasehold
* 80% Share Available
* Residents Facilities - Lounge, Hobby Room, Guest Suite, Residents Parking & Gardens
* Lift Served Development
* Lounge/Dining Room
* Fitted Kitchen With Built In oven & Hob
* 2 Bedrooms
* Wet Room
* Electric Heating
* Double Glazing
* An Excellent Retirement Proposition
A top floor retirement apartment in a purpose built development.
The development benefits from communal facilities provided for the use and
enjoyment of all residents, including a resident’s lounge, kitchen - dining room
and further sitting rooms on the upper floors plus communal gardens and
residents parking area.
An 80% share in the ownership of the apartment is available.
In fuller detail the accommodation comprises (all measurements are
approximate):
Communal approach leading to a private door to the apartment:
**Hallway**
Built in cloaks cupboard, linen cupboard and airing cupboard with hot water
cylinder. Night storage heater.
**Lounge/Dining Room (4. 31m x 4. 60m (14'1" x 15'1"))**
Double glazed windows, night storage heater. Door to
**Kitchen (3. 77m x 2. 12m (12'4" x 6'11"))**
Double glazed window and double glazed velux style window. Range of modern
fitted wall and floor units providing drawer and cupboard storage space with
rolled edged work surfaces and tiled surrounds, inset stainless steel single
drainer sink unit and built in oven and hob.
**Bedroom (5. 40m x 2. 75m (17'8" x 9'0"))**
Double glazed window and double glazed velux style window, night storage
heater.
**Bedroom (3. 61m x 2. 33m (11'10" x 7'7"))**
Double glazed window and double glazed velux style window. Electric panel
heater.
**Wet Room (2. 10m x 1. 87m (6'10" x 6'1"))**
Tiled floor with floor drain and thermostatic shower, wc/bidet and wall hung
wash hand basin. Heated towel rail.
**Tenure**
The property is Leasehold for a term of 125 years from the 25th December 1989.
The residue of that leasehold interest is available. All the apartments are
sold with an 80% equity with a 20% share being retained by Curo (formally the
Somer Community Housing Trust).
The development is restricted to those persons over 55 years. It offers
independence but with the extra security offered by the support of a part time
Leasehold Officer on site in case of an emergency and in their absence an
emergency alarm call system that is directed to a 24 hour emergency control
facility.
The apartments are sold with no chain. Residents have the security of knowing
that the freeholder will undertake the management of the development and be
responsible for the maintenance of the grounds, common parts, buildings
insurance, exterior repairs and decoration.
The annual service charge for a 2 bedroom property for the year 2022 - 2023 is
£2465. 14. All tenure and service charges, details should be confirmed with
your legal adviser prior to exchange of contracts.
**Council Tax**
According to the Valuation Office Agency website, the present Council Tax Band
for the property is C. Please note that change of ownership is a ‘relevant
transaction’ that can lead to the review of the existing council tax banding
assessment.
**Agents Note**
We have been informed by the freeholder (August 2022) that major works are
expected to be carried out at Meadow Court over the next 5 years including the
replacement of the windows, fire alarm etc, communal areas, heating and wiring
and works to the lift(this is not an exhaustive list). Whilst we cannot
confirm service charges for future years (as they are calculated annually) 80%
of the costs expended will be passed on to the leaseholders. As a guide for
the year 2022/23 the estimated charges per flat are currently £3551. 67for a
one bed unit and £4994. 88 for a 2 bed unit. It is anticipated that investment
in the building will have a positive impact on the future value of the flats.
Please make any further queries with a negotiator who can put you in touch
with the freeholder.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: