Flat 1, Regents Gate

Cornwalls Meadow, Buckingham, MK18 1RP

Asking Price

£325,000

Property Highlights

An over 55's retirement apartment
Two bedrooms, shower room
Open plan kitchen/dining/family room
Communal gardens, residents parking available
Shared leisure facilities and roof top garden
Elevator to top floor facilities
Town centre location
No Chain

Property description

An over 55's two bedroom ground floor retirement apartment with access to communal facilities and located in Buckingham town centre.

The apartment is accessed via a telecom entry system into a communal hallway with lift access to the upper floors and the roof top garden. Internally there is 855 sq. ft of accommodation comprising a hallway with access to a three piece shower room, two double bedrooms and an open plan kitchen/sitting room. There are communal gardens and residents parking and the development is within walking distance of amenities including shops and leisure facilities.

Charges

Ground Rent = Zero - Admin Fee = £750, Service charge is currently at £61.81 per week (2025). There will be a budget every year, and a reconciliation of actual costs. The service charge covers costs associated with maintaining the communal areas, which include repairs to the fire alarms, entry phone systems, lighting, cleaning of the communal areas, pest control, garden maintenance, window cleaning and building insurance. Just like any other home, residents are responsible for paying their own council tax, utility charges, and personal contents insurance.

Car Parking

If a parking space is required for a car a one off fee of £1,500 will be charged for an allocated car park space on the development. This charge is not payable again.

Exit Fees

If you wish to leave Regents Gate for whatever reason, 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 and provide you with any information that can aide your decision making. An exit fee is payable on leaving Regents Gate, which 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. The exit fee is set at 1% of the purchase price, increasing by an additional 1% each year to a maximum of 10% of the purchase price at 10years and beyond. There is also an administration fee of £750 and any outstanding weekly charges will also be required.

Buyback Option

The buyback option gives Regents Gate the option (first refusal) to buy the property back at the original purchase price.

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.