Flat for sale in The Dials, Elizabeth Coxhead Gardens, Hinckley Retirement Property LE10

This ground floor two bedroom apartment at The Dials is situated on a prime corner plot
and conveniently close to the main on-site facilities. It benefits from a dual aspect living/dining room with a South-West facing patio looking across the central garden, plus another South-East facing window in the corner. The living area has patio access and opens to a modern kitchen, complete with a range of light grey units and integrated appliances, including an oven, hob and fridge-freezer. The South-West facing master bedroom features a floor-to-ceiling window, whilst the second bedroom is South-East facing with a floor-to-ceiling window.

The wide central hallway contains a shower room with walk-in shower, non-slip flooring, WC and basin vanity unit, plus a large storage cupboard. In the hall there's also a utility cupboard which houses the washer/dryer, water tank and a Vent Axia Machine, which brings in constant fresh air and circulates it around the property. The apartment also benefits from modern double-glazed windows, low energy LED lighting, plus energy-efficient electric panel heating, with efficient pv panel and internal walls designed to increase insulation. The property is fitted with quality carpets and floorcoverings throughout.

The Dials offers 57 modern, stylish one and two bedroom shared ownership and rented apartments in the welcoming town of Hinckley. Situated next to Clarendon Park, The Dials offers you a purpose-built home with both peaceful surroundings and easy access to an array of community, retail, sport and health amenities, including a hospital and Hinckley Leisure Park just 10 minutes away. Hinckley is also ideally located for visiting Leicester, Coventry, Birmingham and Northampton via car or public transport, making day trips a real possibility.

Each apartment benefits from their own unique features and views, but all sharing the same high standards of finish, with comfortable access to the beautiful gardens, communal areas and facilities. 34 of the 57 properties are available on a shared ownership basis, with shares starting from as low as 25% up to a maximum of 90% ownership. A 4.5% rent is payable on any unsold equity and it is possible to staircase to own further shares – please ask for details.

On-site facilities at The Dials include a café/bistro, hair and beauty salon, guest suite, residents’ lounge, mobility scooter storage, private parking (via a free permit system) plus landscaped gardens with seated areas. There’s also a dedicated Estate Manager, social activities and Wellbeing services – please ask for details. Every apartment and all communal areas are equipped with Anchor On Call. You can rest assured that there is always someone on-call to help in case of an emergency.

The sinking fund is a fund which we build up over time and which is available to meet the cost of major repairs and refurbishment works. Around 75% of contributions towards the future cost of works are collected up front within the service charge. The remaining 25% is to be collected from a point-of-sale contribution of 0.4% of the market value of the property for each year of occupation, up to a maximum of 15 years.

Key Facts

Lease: 990 years. The start date for each lease will be confirmed within your lease agreement with us

Full Market Value: £293,000

30% Share Price: £87,900 (plus £769.13 rent per calendar month)

Service Charge: £123.35 per week (or £534.50 per calendar month), to be reviewed annually and updated from 1st April each year

Council Tax band: B

Utility Charges: Billed directly from the utility provider of your choice - each property will have its own solar panel which is linked to the apartment

Sinking Fund: 0.4% of the market value of the property for each year of occupation, up to a maximum of 15 years

Age Criteria: Must be aged 55 or over