(… and what does the Elderly Accommodation Counsel / HousingCare.org actually DO, apart from advertise these properties for sale?)
By Ian Robinson
If you require an example of how bad the resale value of the properties are in the retirement market you need look no further than the McCarthy and Stone built Buckingham Court.
We assisted our parents to purchase a two-bedroomed apartment at the site in Shrubbs Drive, Bognor Regis, West Sussex 14 years ago for £142,00.
These flats are now being advertised in the local press two weeks ago by estate agents for sale at £80,000 – a loss of £60,000.
This coupled with a lease that is frankly draconian and a landlord, Fairhold Homes Ltd, which has no requirement of any type to look after the property because the lease ensures that anything that requires repair is to the cost of the leaseholders just makes my blood boil.[The flat advertised below for £75,000 is in fact a one-bed flat.]
Here is what the Elderly Accommodation Counsel / HousingCare.org says are the main facts and it also points out a one-bedroom flat for £75,000. It also notes that Buckingham Court is managed by FirstPort (previously Peverel) “for great customer service”.
46 flats. Built in 2001. Sizes 1 bedroom, 2 bedroom
Resident management staff and community alarm service
Lift, lounge, laundry, guest facilities, garden
Access to site easy, but less so for less mobile people. Distances: bus stop 150 yards; shop 150 yards; post office 1 mile(s); town centre 3 mile(s); GP 100 yards; social centre 175 yards
Regular social activities include bingo, coffee mornings, and music evenings. New residents accepted from 60 years of age. Both cats & dogs generally accepted (subject to terms of lease and landlord permission)
Developed by McCarthy & Stone
Info updated: 17/02/2010.
The following details have been provided to EAC:
Re-sale: a one bedroom retirement apartment located on the first floor. Price £75,000. Please contact our Retirement Homesearch sales team, as above. (Notified 09/10/2015). Re-sale: a one bedroom retirement apartment located on the ground floor with access onto the communal gardens (former show flat). Price £. Please contact our Retirement Homesearch [FirstPort’s in-house estate agency] sales team, as above. (Notified 09/10/2015).
And here is another McCarthy and Stone one from the archives: