Initial price	£62,500
28/06/24	£52,500
Price Change	-16.00%

Please provide a summary of the property description for a potential buyer interested in a retirement flat. This is a well-positioned one-bedroom first-floor retirement flat situated in Homesea House, a purpose-built complex by McCarthy Stone for individuals aged 60 and over. The flat, located on the east side of Green Road, is a short distance from Southsea Town Centre, offering easy access to a variety of amenities including shops, transport links, and the seafront. The property, which is currently priced to reflect its need for some refurbishment, benefits from a range of communal facilities including gardens, a car park, passenger lift, secure entry, double-glazing, electric heating, a residents' lounge, laundry room, and a guest room. The flat itself, Flat 24, comprises an entrance hall, a wet room with a shower, a double bedroom with built-in wardrobes, a living room with an arched opening to the kitchen, and communal outdoor spaces. The lease has 59 years remaining, with a service charge and ground rent that are typical for the area. The property is available with no onward chain, making it an attractive proposition for those looking for a home in a retirement community with minimal upfront costs.