Simpsons Court is a retirement apartment for the over 60's, which has a very central location, being just a few minutes walk of the town centre. For those who drive, there is also residents' car parking.This particular apartment is of a good design and presented in immaculate order. The property comprises; a secure communal entrance on Great King Street where there are no stairs to contend with, a private hall, bay fronted living room, kitchen and a bathroom. uPVC double glazing has been installed throughout. For ?75,000 a buyer will acquire 70% of the equity with the Housing Association retaining a 30% share. There is no rent to pay, however there is a management charge of ?130.00 per month. The buyer's eligibility will need to be approved by the Housing Association.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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