1-bedroom property · OX12 9RG
For saleListed 598 days
Opportunity summary
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About
RETIREMENT VILLAGE - Richmond Villages Letcombe Regis is a unique collection of apartments for the over 55's.
Located in the Vale of The White Horse, Oxfordshire, the village sits next to a beautiful nature reserve and is at the foot of the Ridgeway, National Trail.
Sited close to the amenities of the historic market town of Wantage. "Since my Mum has lived at Richmond Village Letcombe Regis I have not had to worry about her.
She is extremely well looked after 24/7, having all her needs met." - February 2024 Google Review The village offers both Independent Apartments and Village Suites*, along with two care homes.
There is ample parking, with parking spaces allocated to every apartment. Our facilities boast a wellness spa with 16 metre pool, steam room, sauna and jacuzzi. Hairdressing and beauty therapy.
A waterfront restaurant, bar and terrace, conservatory, Lodge Café, library, craft room and a pristine bowling green.
*Providing a comprehensive hospitality lifestyle package, including food and non-alcoholic drinks, daily housekeeping services, laundry services and bespoke support and/or personal care plan can be provided by our onsite registered domiciliary care team at an extra charge Richmond Villages Letcombe Regis are proud to present this large one bedroom Assisted Living Apartment, situated on the second floor of our main village centre.
One of the main attractions of the property is the envious position it boasts, with a delightful elevated westerly view over the nearby lake and nature reserve.
The apartment is also in proximity of the main reception, which leads directly to the extensive communal facilities within the heart of the village.
Entrance Hall Entering the apartment into an open hallway, providing access to both the living area and bedroom. There is a radiator and a storage cupboard, offering space for belongings.
Kitchenette 3510mm x 2600mm, 11'6" x 8'6" A modern kitchenette with a range of fully fitted wall and base units with under cupboard lighting, stainless steel sink and drainer, integrated fridge with freezer compartment.
Spotlights to ceiling. Wall mounted radiator. Living Room 7130mm x 4440mm, 23'5" x 14'7" Featuring a double-glazed, west-facing window overlooking the lake and nature reserve.
Electric flame effect fire with Bath stone effect surround, TV and satellite point. Wall mounted radiator. Double glazed doors lead to the kitchenette.
Bedroom 4760mm x 4750mm, 15'7" x 15'7" An airy space, featuring a double-glazed window with beautiful view over the lake and nature reserve. Radiator, TV and satellite point.
En-suite Shower Room 2300mm x 1800mm, 7'7" x 5'9" Wet room style shower with screen, white suite comprising of low-level WC and wash hand basin set within a fully fitted vanity unit with Corian shelf, fitted wall mirror with spotlights over.
Towel rail. Outside Outside, residents have access to beautifully maintained grounds, carefully tended to by our village gardeners.
The popular bowling green is visible from the living room and is only a short stroll from the apartment via the village centre.
Close to the village you will find the surrounding the facilities, including a nearby nature reserve, as well as private allotments which residents are welcomed to enjoy.
Fees A key benefit to living at Richmond Villages is the level of care, support and services that are available to make life more comfortable and enjoyable.
A Service Charge of £197.65 per week covers the general upkeep of the village facilities, building insurance and maintenance, management and registration of staff, and social wellbeing activities and events.
This is reviewed annually on 1st January. A Transfer Fee of 6% of the sale price applies on resales in year one, 8% in year two, and 10% thereafter.
A separate charge for Ground Rent of £296.91 is payable annually on resale properties. This is subject to five yearly reviews from the commencement date specified in the lease.
Purchasers of Assisted Living apartments also pay for a Lifestyle Package or a Lifestyle Flex Package.
These cover utility costs and (with differences between the two packages) meals, housekeeping and laundry services. Lifestyle Packages are available from £531 per week based on single occupancy.
This is reviewed annually on 1st April. Please refer to the All You Need to Know booklets or speak to a Village Adviser for further details.
Important Notice: These particulars are intended to give a fair and substantially correct overall description. All dimensions are approximate.
The properties are sold unfurnished, some images used are of similar show apartments.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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Area
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FAQ
About No. 38 Village Centre, Richmond Villages Letcombe Regis, South Street, Oxfordshire, OX12 9RG
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