Description

A recently re-carpeted and re-decorated one bedroom retirement apartment situated on the first floor. Merritt House was constructed by Fairview Homes plc and comprises 34 properties arranged over 3 floors each served by lift. The resident Development Manager can be contacted from within each property in the case of an emergency. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom. It is a condition of purchase that residents be over the age of 60 years. Pl Continued...

Property features

  • Residents' lounge
  • Communal Laundry facilities
  • Lift to all floors
  • Guest Suite
  • Development Manager
  • Minimum Age 60
  • 24 hour emergency Appello call system
  • Leasehold: 125 years from 1989
  • Price to include carpets.
Travel time to work:

  • Romford - 0.88km, 13 mins walk
    • National Rail
  • Elm Park - 2.12km, 32 mins walk
    • District
  • Gidea Park - 2.16km, 32 mins walk
    • National Rail

Rental Yield

Average rental value

£179pw

Average weekly rent of nearby 1 beds.

Annual rental yield

6.9%

Gross yield if rented for the average rent.

Sale price

Average asking price

£171,376

Average asking price of nearby 1 beds.

Value for money

21% cheaper

This property is cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Retirement Homesearch
Queensway House, 11 Queensway, New Milton, BH25 5NR

01425 292953

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