Flat 2

Regents Gate, Cornwalls Meadow, Buckinghamshire, MK18 1RP

Guide Price

£450,000

Property Highlights

An over 55's retirement apartment
Three double bedrooms, shower room, cloakroom
Open plan kitchen/dining/family room
Separate sitting room
Communal gardens, residents parking available
Shared leisure facilities and roof top garden
Elevator to top floor facilities
Town centre location

Property description

An over 55's three double bedroom ground floor retirement apartment with an open plan kitchen/dining/family room and a seperate sitting room in Buckingham town centre.

The apartment has approximately 1,239 sq.ft of accommodation. Accessed via a coomunal hallway with a telecom entry system the apartment comprises an inner hallway, a bathroom and cloakroom, open plan kitchen/dining/family room, a sitting room and three double bedrooms. The reception rooms and principal bedroom have French doors to the communal gardens. Shared facilities including: a roof top garden/terrace, a bar/meeting area, a private dining room and a cinema room, all located on the top floor accessed by elevator. Please note some internal photographs are of a smaller furnished apartment within the Regents Gate development. Charges apply. Please refer to the online record or source them from the Michael Graham office on 01280 821100.

Situation

The property is within walking distance of a range of shopping and leisure facilities, a library, and dental and GP surgeries. Regular bus services connect to Milton Keynes, Aylesbury, Bicester and Oxford. The property is within walking distance of The Royal Latin School and Buckingham also has The Buckingham (secondary) School.

Details

Ground Rent – Zero - Admin Fee - £750 - Service charge – has been budgeted at £62.96 per week for the 1st year. There will be a budget every year, then a reconciliation of actual costs. Service charge covers costs associated with maintaining the communal areas, which include repairs to fire alarms, entry phone systems, lighting, communal area cleaning, pest control, gardens, window cleaning and building insurance. Just like any other home, you will still need to pay your council tax, utility charges and personal contents insurance. • Car Park charge will apply if a car park space was required – one off fee for an allocated car park space on the development car park for £1500. This charge is not payable again. • Exit Fees Apply - For whatever reason, if you wish to leave Regents Gate or if your circumstances have changed and you wish to discuss what options are available to you please consult with our Customer Liaison Team. If you have concerns over future care and support we have dedicated teams with plenty of experience who will help you with providing any information that can aide your decision making. The exit fee supports renewal and replacement of structural and other integral items in the building, as well as anticipated costs of upgrades and improvements to the development. 1% of the purchase price, increasing 1% each year and capped at 10% at 10years, an administration fee £750 and any outstanding weekly charges of the original purchase price upon leaving Regents Gate. The buyback option is Regents Gate have the option (first refusal) to buy the property back at the original purchase price. Exit Fee - if you leave at Year 1 you will only pay 1% of the original purchase price upon leaving Regents Gate plus an administration fee £750.00 and any outstanding weekly service charges Year 2 – 2% - of the original purchase price Year 3 – 3% - of the original purchase price Year 4 – 4% - of the original purchase price And so on until you get to year 10 where it will be capped at 10% So if you left after 10 years you would still only pay the 10%

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