Lets move to Prestwick ?

[Doon frae Troon]

Looks too good to be true.

Check out this 1 bedroom apartment for sale on Rightmove

1 bedroom apartment for sale in 54 Grangemuir Court, Prestwick, KA9 1GA, KA9 for £85,000. Marketed by Corum, Ayr

www.rightmove.co.uk

 

[SwingsitlikeHogan]

Looks too good to be true.

Check out this 1 bedroom apartment for sale on Rightmove

1 bedroom apartment for sale in 54 Grangemuir Court, Prestwick, KA9 1GA, KA9 for £85,000. Marketed by Corum, Ayr

www.rightmove.co.uk

Except I’d have to retire and be thinking of moving to Scotland…hold on…

 

[rudebhoy]

Don't these retirement complexes have fairly hefty monthly charges?

 

[SwingsitlikeHogan]

Don't these retirement complexes have fairly hefty monthly charges?

I guess if you are not capital rich but have a reasonable pension the balance of capital/mortgage/charge may well work well for many retirees.

 

[D-S]

Don't these retirement complexes have fairly hefty monthly charges?

Depends on the services given. If there is a restaurant on a pool, gym etc. yes they can be a lot for all the residents to share the costs but if there isn’t much, a garden, on site manager and common areas to look after then they can be relatively low.

 

[Fade and Die]

Looks too good to be true.

Check out this 1 bedroom apartment for sale on Rightmove

1 bedroom apartment for sale in 54 Grangemuir Court, Prestwick, KA9 1GA, KA9 for £85,000. Marketed by Corum, Ayr

www.rightmove.co.uk

Best keep it quiet otherwise you’ll be complaining when rich southerners start pushing the prices up!

 

[jim8flog]

Is that North of Watford?
If yes count me out.

 

[KenL]

Depends on the services given. If there is a restaurant on a pool, gym etc. yes they can be a lot for all the residents to share the costs but if there isn’t much, a garden, on site manager and common areas to look after then they can be relatively low.

How much is relatively low?

 

[IanMcC]

Probably get a quarter of your cash back renting it out at next years Open.

 

[HeftyHacker]

Probably get a quarter of your cash back renting it out at next years Open.

My mates was telling me that he knows someone who's house backed onto the Royal Liverpool and all the owners of those houses were offered huge sums to vacate their houses for the week to allow them to be used for corporate guests whilst the Open was on. The only caveat was that the house had to be completely emptied.

That said the sums offered would likely cover the mortgage for a year or two so I'd have been out of there in a heartbeat!

 

[D-S]

How much is relatively low?

2-3k a year.

 

[KenL]

2-3k a year.

Seems a lot to me.

 

[D-S]

Seems a lot to me.

I guess it all depends on the standards of the common areas - lounge, coffee bar, tv room etc. Also how well the gardens are maintained and the services and activities that the manager provides and organises. For what my M-I-L gets, for example, it’s unbelievably good value but, as with everything, it is what the cost - value is to you.

 

[Fade and Die]

Is there a club, (say held every Thursday) which I can join that maybe investigates unsolved murders?

 

[Lord Tyrion]

Seems a lot to me.

If you've only paid £85k then assuming you have sold a house at much more than that, likely, you have quite a few years in the bank to pay that fee.

It's a classic 'do the maths' job.

 

[KenL]

If you've only paid £85k then assuming you have sold a house at much more than that, likely, you have quite a few years in the bank to pay that fee.

It's a classic 'do the maths' job.

Aye, I can actually figure things like that out.

 

[Lord Tyrion]

Aye, I can actually figure things like that out.

. Plenty people don't though. They just see the annual charge and don't factor in everything.

 

[rudebhoy]

The main issue with retirement flats is that they are very difficult to sell. Anyone buying from new will be facing a massive loss (or their relatives will) when it comes time to sell.

That said, buying second hand with the large price reduction already factored in could be attractive to some.

Good article here on this https://www.thisismoney.co.uk/money...irement-home-scandal-wiping-life-savings.html

 

[D-S]

The main issue with retirement flats is that they are very difficult to sell. Anyone buying from new will be facing a massive loss (or their relatives will) when it comes time to sell.

That said, buying second hand with the large price reduction already factored in could be attractive to some.

Good article here on this https://www.thisismoney.co.uk/money...irement-home-scandal-wiping-life-savings.html

Maybe we got lucky but when we sold my mother's retirement apartment but it went very quickly at the asking price. It was quite sought after, perhaps as with all properties it depends on location.

 

[Lord Tyrion]

Maybe we got lucky but when we sold my mother's retirement apartment but it went very quickly at the asking price. It was quite sought after, perhaps as with all properties it depends on location.

We have some Mccarthy Stone ones in the town where I live. Any on the market are snapped up in no time. Good location, centre of town, on the river, high standard. All that you need