Located in the centre of Wadebridge, this one bedroom first floor retirement apartment is available through a leasehold scheme for the elderly. Within a level walk to town, this property has the benefit of communal parking and gardens.

The leasehold scheme for the elderly provides accommodation for retired persons aged from 60 years old. A new 60 year lease is granted upon completion. The purchase price is 70% of the market value accessed by an independent RICS valuer.

There is a service charge of £210.50 per calendar month (due for annual review 1st July). Each month money is put into a building society account - this is called the 'sinking fund' to go towards the cost of external redecoration of the properties.

The service charge covers the following expenses;

Cost of the central control service: The service is manned 24 hours a day and will respond if any alarm cords in your property are pulled.
Building Insurance: The structure of the building,
including fixtures and fittings, and glazing are covered against accidental damage.
Laundry room and guest bedroom.
Lighting, heating and cleaning of communal areas.
Exterior cleaning of glass.
Lift maintenance.
Upkeep of communal garden.
Concessionary TV license.

Service Charge    There is a service charge of £177.71 per calendar month (changing to £190.00 per calender month in July). Each month money is put into a building society account - this is called the 'sinking fund' to go towards the cost of external redecoration of the properties.
The service charge covers the following expenses;
Cost of the central control service: The service is manned 24 hours a day and will respond if any alarm cords in your property are pulled.
Building Insurance: The structure of the building, including fixtures and fittings,and glazing are covered against accidental damage.
Laundry room and guest bedroom.
Lighting, heating and cleaning of communal areas. Exterior cleaning of glass.
Lift maintenance.
Upkeep of communal garden.
Concessionary TV license.

Maintenance    Westward housing is responsible for:-
Structure of the building.
Exterior.
Pipes and cables outside of individual property which serve more than one property.
Scheme managers accommodation and communal facilities.
Entrance, corridors and stairways to property.

Tenure    The leasehold scheme for the elderly provides accommodation for retired persons aged from 60 years old. A new 60 year lease is granted upon completion. The purchase price is 70% of the market value assessed by an independent RICS valuer. So, if for example, a two bedroom property was valued at £130,000, the purchase price would be £91,000.



Directions

From our Wadebridge office head along Eddystone Road and take the first right into Eddystone Place whereupon the entrance to Molesworth Court will be found in front of you.