Downsizing can be difficult for older people. Particularly if you’re looking to live in one of the UK’s premier retirement hotspots, the jewel in the crown of which is Christchurch.
The Dorset town’s rolling countryside and venerable history have made it irresistible to those looking for a slower pace of life.
As of 2018, nearly a third of the town’s population is retired*.
This popularity has made Christchurch one of the Southwest’s priciest postcodes. Recent research has revealed that £227,000 (the cost of an average home in the UK) will get a buyer only 687 sq. ft. of space in Christchurch – the size of only a one-bedroom flat**.
This represents worse value than even Bath, long considered one of the UK’s most expensive places to live, and is only a little better than Bristol.
Platinum Skies, a specialist retirement living provider, has aimed to make Christchurch a better deal for downsizers.
Homes at its Monterey development (located a five-minute drive from Christchurch town centre) are available through an innovative flexible ownership scheme, designed to allow retirees to release equity in their home when they downsize.
Under the scheme, a buyer purchases a stake in the property before paying monthly rental and management fee charges.
Platinum Skies’ best-of-both-worlds offering has proven exceptionally popular with older downsizers interested in Christchurch: since its launch at the end of 2017, all but four of Monterey’s 35 units have been snapped up.
Of the remaining units, one is a two-bedroom house spanning 1,082 sq. ft. – an extraordinary amount of space for a downsizer.
The other three properties are bright, modern one-bedroom apartments. All four are available through Platinum Skies’ part-rent, part-buy scheme.
Platinum Skies CEO David Hines sums up the appeal best: “High quality, well maintained apartments and outstanding value-for-money, we’re confident of strong demand for the remaining units there.”
Prices start from £145,000 for a 50% share of a one-bedroom apartment (FMV = £290,000) and £225,000 for a 50% share of a two-bedroom house (FMV = £450,000).
For more details call 01202 471461 or browse the website www.platinumskies.co.uk
** The Times, July 2018