1 bedroom apartment for sale

A light and spacious one bedroom, 1st floor apartment with a peaceful aspect and communal amenities.
50% shared ownership. No Onward Chain.
PLUS £5,000 INCENTIVE

The Mulberry House retirement complex is aimed at over-55's and is constructed in the style of a Georgian mansion using traditional local materials. Attractive communal areas are arranged at ground floor, to include a welcoming reception, the eye-catching dining and bistro areas and the central courtyard garden. Other function rooms serve the various activity and Club events that are organised by a Community Manager, all on a 'not for profit' basis. There are numerous opportunities for social interaction with friends and like-minded neighbours, or you can live as independently as you wish. There is plentiful on-site parking, electric car charging points, easy access lifts and wide, user-friendly corridors.
Apartment no. 40 occupies a quiet, end of corridor position on the 1st floor, overlooking the adjoining hotel development and away from main road noise. Its internal design is very efficient, and with 714 sq ft of useable space, it is one of the largest 1 bed flats in the scheme. Internally there is a welcoming entrance hall with video intercom, built-in store cupboards, a large bedroom wardrobe and a highly specified "all mod cons" kitchen. The open plan design affords excellent natural light and an ease of flow between the living areas and kitchen. The bathroom also offers high quality finishes to include a large anti-slip, walk-in shower. There is underfloor heating throughout and the provision for superfast broadband.
The Probate beneficiaries of this excellent apartment are keen to sell their 50% share, and the price has been reduced to £115,000 (£161 per sq. foot). There is also the offer of a £5,000 incentive package. The revised price reflects excellent value for a highly attractive, well positioned and well apportioned apartment. On a price per square foot basis our client believes that it is the most attractive offering within the complex.

SERVICES
All mains connected. Council Tax Band D.

AGENTS NOTE
This property is listed at 50% of its market value. You purchase the current leasehold share of the apartment, then pay a low regulated rent on the remainder, along with a low-cost service charge. With shared ownership you own a percentage of the property, and you pay a rent to AHC ltd on the part that they own. The amount of rent you pay is set by the government, with annual increases at RPI plus 0.5% inflator. The current rental share on this property is £485 pcm but may be subject to change. Purchasers must be aged 55 and over and meet eligibility requirements to qualify.
Shared ownership event fee:- All Platinum Skies homeowners with a shared ownership lease pay an event fee when they come to sell their property. The event fee varies, depending on how long you have owned the property. It starts at 2% of the property and is capped at 10%.
Annual Service Charge -- estimated £3836pa
Tenure: Shared Ownership. 50% share of lease. Lease length – remainder of 125 years.
Eligibility Criteria: All prospective purchasers must meet the minimum age requirement of 55. Your annual income must be less than £80,000 per household and you must not own a second home. You must be able to afford the current shared ownership price and all annual charges.

ADDITIONAL INFORMATION
Broadband: FTTP—Ultrafast broadband is available—highest available download speed 1800 Mbps, highest available upload speed 220 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a LOW RISK from River/Sea and Surface Water flooding.

Sherborne is a particularly attractive town with a conservation area and an Abbey to its centre and amenities that include a main line train station, two doctors surgeries, a library, two supermarkets and a comprehensive range of shops, public houses and restaurants. The owners of the complex are able to offer access to local private care providers if required. The local regional centre of Yeovil lies within short motoring distance providing with Sherborne an excellent range of cultural, recreational and shopping facilities. Sporting, walking and riding opportunities abound within the area while the region is well known for both its public and privately funded schooling. Communication links are good with a main line station linking directly with London Waterloo while road links are along the A30 or A303 joined at Wincanton, giving swift access to London and the Home Counties along the M3, M25 route.