Property floorplan

Under Offer

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Flat 5

Regents Gate, Cornwalls Meadow, Buckingham, Buckinghamshire, MK18 1RP

£495,000

3 2 2

Property Highlights

  • Retirement over 55's first floor apartment with elevator
  • Three bedrooms, three piece bathroom and en suite
  • Open plan kitchen/dining/sitting room
  • Snug and balcony
  • Fully fitted kitchen
  • Roof top garden via elevator
  • Town centre location
  • Shared leisure facilities

Property description

An over 55's three double bedroom retirement apartment with two bathrooms, two living areas and a balcony at Regents Gate in Buckingham town centre.

Located on the first floor and accessed via an elevator or stairs, this apartment has an open plan kitchen/dining/sitting room and a separate snug with access to a private balcony. Bedroom one has a dressing area and a three piece en suite shower room. There are two further double bedrooms, one with a Juliet balcony, and a three piece bathroom suite. 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 the 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.

Notice

These particulars are for a proposed layout within the Regents Gate development. The floor plan provides a guide for the layout. The apartment will be purchased from plan. Smaller apartments are available to view for reference and guidance.

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 chargesYear 2 – 2% - of the original purchase priceYear 3 – 3% - of the original purchase priceYear 4 – 4% - of the original purchase priceAnd 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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2024-07-20T12:48:40+01:00