RETIREMENT BUNGALOW WITH NO UPWARD CHAIN -Double Bedroom Bungalow Set In Pleasant Grounds Including Parking Spaces & With 24 Hr Careline System & With Minimum Age Requirement of 60 Yrs. The property is offered on a 70% basis with Sanctuary Homes retaining a 30% share - EP Rating - E
The vendor is selling a 70% interest in the ownership of the property. The Housing Association retains 30% of the ownership to ensure that the criteria for this affordable housing scheme is adhered to each time the properties are sold. Sanctuary Housing Association are also the scheme's property managers, and are responsible for levying a service charge which includes the cost of maintaining the exterior of the buildings, the cost of building's insurance, and the cost of a full-time resident warden. The annually reviewed service charge apportioned to 25 Wibert Close is currently believed to be £152.51 pcm however there is no rent to pay on the 30% share retained by Sanctuary Housing.
* Ground floor retirement bungalow set in maintained communal grounds
* Nearby parkland
* Double bedroom
* Offered on a 70% share basis with Sanctuary Housing
* Double glazing
* Economy 7 style storage heating
* Lounge, Kitchen, Shower Room
* Communal gardens
TENURE:- The property is Leasehold and it it believed to be the case that a new 99 year lease is granted at the start of each change of ownership.
The service charge currently being paid in April 2019 is £152.51 per month, this is reviewed annually. Buildings Insurance is included in the service charge fee.
Living Room 4.90m x 3.28m (16'1" x 10'9")
Kitchen 3.50m x 1.98m (11'6" x 6'6")
Bedroom 3.50m x 3.00m (11'6" x 9'10")
Shower Room 2.16m x 1.73m (7'1" x 5'8")