Initial price	£65,000
21/03/24	£60,000
Price Change	-7.69%

Located just a short walk from Wellington town centre, this purpose-built one bedroom apartment is situated on the second floor of a popular over 55's retirement complex. The property offers independence with the comfort and security of a 24-hour care line and house manager, and is presented in good decorative order throughout. The accommodation comprises an entrance hallway, living room, kitchen, double bedroom, and bathroom. Parking is available on a first-come, first-served basis to residents, and the communal gardens are well maintained with tables and benches for relaxing with friends and family. The lease is 125 years long, with 93 years remaining as of 2023, and the annual service charge is £1605.44 paid twice a year. Upon resale, the vendor is liable to pay back into the sinking fund a contribution of 1% to First Port and 1% to Estates and Management of either the original purchase price or the sale price (whichever is the lowest figure).