Orchard Lane, Alton, GU34

Quote Ref: 846845 when calling

Retirement living at Queen Elizabeth Place is designed to make everyday life easier while still giving residents the freedom and privacy of their own home. Developed by McCarthy Stone, the scheme comprises 43 one and two-bedroom apartments created specifically for the over-60s, combining spacious private accommodation with excellent communal facilities and a strong sense of community.

This two-bedroom apartment is positioned on the first floor and offers approximately 79 sq m of well-planned living space. The generous living room provides plenty of space for both relaxing and dining, making it equally comfortable for quiet evenings at home or entertaining family and friends. A contemporary wall-mounted electric fire creates a natural focal point.

The kitchen is arranged separately from the living room and is fitted with a modern range of units and integrated cooking appliances, giving the apartment a practical and uncluttered layout.

The principal bedroom is a real highlight, with its own walk-in wardrobe and private en-suite shower room. The second bedroom is also well proportioned and could work equally well as guest accommodation, a hobby room or home office. A separate second shower room adds further convenience for residents and visitors.

One of the biggest advantages of Queen Elizabeth Place is the lifestyle offered beyond the apartment itself. Residents have use of a welcoming communal lounge, where regular social events take place, making it easy to meet neighbours and enjoy the community when you choose to. There are also landscaped communal gardens and seating areas, with the external gardening and maintenance taken care of, leaving residents free to enjoy the surroundings without the responsibility of looking after them.

A dedicated House Manager is on site during office hours, helping to keep the development running smoothly, while a 24-hour emergency call system provides added reassurance and peace of mind.

The apartment also benefits from one allocated parking space, adding useful everyday convenience.

The location is another major attraction. Queen Elizabeth Place is well placed for Alton’s everyday amenities, including Marks & Spencer Foodhall, the weekly local market, coffee shops and restaurants, while Alton railway station is approximately 0.4 miles away. This makes it particularly appealing for buyers who want to remain independent and connected while enjoying the benefits of a purpose-built retirement setting.

Shared Ownership

The apartment is available to purchase on a 70% Shared Ownership basis for £245,000, based on a full market value of £350,000.

The current monthly rent payable on the remaining 30% share is £470.60.

The annual service charge is £5,417.52, payable in monthly instalments of £451.46. This contributes towards the management, maintenance and upkeep of the development and its communal areas and facilities.

Ground rent is payable every six months at £247.50, equivalent to £495 per annum.

The lease was granted for 999 years from 1 January 2022, and the property is recorded as Council Tax Band C.

Queen Elizabeth Place is an age-restricted retirement development. Under the lease, a sole occupier must generally be aged 60 or over. For joint occupiers, one must generally be 60 or over and the other 55 or over, subject to the landlord’s discretion, approval and the full lease terms.

Purchase is also subject to the applicable Shared Ownership affordability and eligibility requirements and the necessary provider approval. An affordability assessment is a helpful first step in understanding how the purchase could work for an individual buyer.

For buyers looking to enjoy retirement in a spacious, low-maintenance home with excellent facilities, attractive surroundings and the option of a friendly social community, 38 Queen Elizabeth Place offers a very appealing way to make the most of later-life living.

For clarity, the main ongoing property charges currently confirmed are:

Rent on remaining 30% share: £470.60 per month
Service charge: £5,417.52 per annum / £451.46 per month
Ground rent: £247.50 every six months / £495 per annum