1 Bed Retirement Property For Sale

Property Description

Yeats Lodge is a stylish development of 41 of retirement apartments situated in the charming town of Thame. This flourishing market town in the heart of Oxfordshire is perfectly located at the foot of the Chiltern Hills. The High Street offers an array of shops, cafes and eateries.

Property Details

The kitchen is accessed via the lounge and is fitted with a range of wall and base units, work surfaces and tiled splashbacks. Integrated and included appliances consist of a waist-height oven, four-ring electric hob with extractor fan, fridge, freezer and washer/dryer. A window provides natural light and ventilation.



The bedroom is a double room with a walk-in wardrobe and space for additional bedroom furniture, subject to layout preferences. The shower room is fitted with a large walk-in shower (with handrail), WC, wash hand basin with vanity storage above and below and a heated towel rail. There is also a storage cupboard in the entrance hall.



Development Information:




Yeats Lodge comprises 41 one- and two-bedroom retirement apartments managed by Churchill Estates Management. The development includes a communal Owners’ Lounge, landscaped gardens and a Guest Suite available for use by friends and family (booking and charges apply – information available from the Lodge Manager). Regular social activities are organised but participation is entirely voluntary.



A Lodge Manager is on-site during daytime hours to oversee the running of the development. An emergency Careline system is installed in each apartment, which is monitored 24 hours a day. The property also benefits from a video entry system, fire and smoke detection systems and an integrated intruder alarm.



The development is located within walking distance of Thame town centre, where amenities include shops, cafés, supermarkets, medical services, and public transport links. Bus services operate to nearby areas including Haddenham & Thame Parkway Station offers rail services to London Marylebone.



Lease and Costs:

• Lease: 999 years from December 2020

• Council Tax Band: B

• Ground Rent: £575 per annum, reviewed every 10 years (next review due December 2031)

• Service Charge: £3,160.77 per annum (year ending 30 November 2025)*

• Resale Contingency Fee: A contribution of 1% of the final selling price is payable by the seller upon completion of the sale



Occupancy Restrictions:



• At least one resident must be aged 60 or over; any second resident must be aged 55 or over

Pets:

• Pet ownership may be permitted, subject to written consent from Churchill Estates Management and in accordance with lease terms and any rules or regulations in place



Service Charge Includes:



Buildings insurance, water and sewerage charges, communal area cleaning and maintenance, ground source heating, lift maintenance, garden upkeep, Lodge Manager services, Careline emergency system and a contribution to the long-term maintenance (contingency) fund.



*Service charges are subject to annual review and adjustment. Interested parties are advised to verify all charges, restrictions, and occupancy terms prior to commitment.