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retirement flats
slopemaster
Posts: 1,581 Forumite
Why are they relatively less expensive?
Is there just an oversupply in my area?
Am looking for a property and the ones which look more affordable are often retirement flats - "over-55s only"
I wouldn't be thinking of buying one for any reason other than price, but I am approaching that age so I start to wonder....
Would it be really hard to sell though because of the restricted group of possible buyers?
Is there just an oversupply in my area?
Am looking for a property and the ones which look more affordable are often retirement flats - "over-55s only"
I wouldn't be thinking of buying one for any reason other than price, but I am approaching that age so I start to wonder....
Would it be really hard to sell though because of the restricted group of possible buyers?
0
Comments
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Often have high maintenance charges and age restriction does reduce price and potential buying market.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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Ah, yes, charges...
Thanks for that0 -
Anti-static devices in communal areas to prevent people shuffling along and then getting a shock when they hit the lift button - they're expensive I think. you can't just fit earthstrips to the back of old people.
Are they smaller? All one bedroom?0 -
Most of these blocks have a high service charge because there is a resident warden and all the maintenance etc is done.
They might also have communal areas (e.g. a residents' lounge) to be paid for.
Most of the flats also have one of those emergency cords/alarm systems to call the warden too.
There will be more restrictions on what you can/can't do too.0 -
Mmm, yes .....
Thanks all
Don't think I'll go for that then0
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