Initial price	£219,950
09/03/24	£112,500
Price Change	-48.85%

During the Spring Open Week from Tuesday 21st to Saturday 25th May, visitors can tour a collection of brand new one and two bedroom retirement apartments in the highly sought after location of Studley. These luxurious apartments are built to the highest standards and offer a 5-star hotel feel with fantastic communal facilities, including a residents' lounge, dining area, and comfortable seating area with a TV. The apartments are accessible via lift and stairs and come with secure entry system, emergency call system, balanced clean air system, electric heating, built-in kitchen appliances, and ample storage. The one bedroom apartment briefly comprises a spacious entrance hall, open plan lounge/dining room, separate modern fitted kitchen, double bedroom, and large walk-in shower room. The annual service charge for these apartments is £3,977.24 for a one bedroom apartment and £5,965.86 for a two bedroom apartment, divided into twelve monthly payments. Additionally, there is an option to buy on a shared ownership scheme, with examples of purchase prices ranging from £112,500 to £168,750, with no rent to pay on the 25% share. A contingency fund is also payable upon resale or letting of the apartment, which is held on behalf of the homeowner towards longer term repairs and replacement costs.