1 bed Flat For Sale £188,000
Golden Share opportunity (Eligibility criteria applies) for this superb one bedroom retirement apartment located on the second floor, for further details please refer to the brochure and link provided within
Summary
Stewart Terrace is located on Balcarres Street with the annexe off Bruce Street and was purpose built by McCarthy Stone for retirment living. The development consists of 33 one and two bedroom apartments offered to a high specification. There is a House Manager on-site Monday to Friday, a beautiful residents' lounge with kitchen facility where you can meet your neighbours at the coffee mornings and enjoy the social activities. The development also features a fully equipped laundry room, a Guest Suite available to friends and family subject to a fee, a mobility scooter area and charging point, landscaped gardens with seating areas and secure private parking by permit scheme and allocated parking subject to availability, please check with your House Manager. It is a condition of purchase that a sole owner has to be over the age of 60 years, in an event of a couple the second person can be over the age of 55 years
Golden Share Apartment
Golden Share homes have a simple price cap – you own 100% of the property but its price is capped at 80% of the open market value on first sale and all subsequent resales. This means that you will purchase the home at 80% of the current market value and you would have to sell it at 80% of market value when you come to sell in the future. Inorder to meet the eligibility criteria there is an application form available, please request via our House Manager or Resales Department
Local Area
Located just 3 miles from Edinburgh city centre, Morningside is an affluent suburb of the capital with a reputation as one its' most desirable residential areas. Stewart Terrace is situated on Balcarres Street with the annexe off Bruce Street, less than 400 yards from Morningside Road, the thriving centre of the district. Here you will find a wealth of shops and entertainment facilities. Shops range from small, traditional boutiques to larger stores, with outlets for mainstream brands such as Marks and Spencer and Waitrose also available. There is also a great selection of cafes and eateries with the Victorian style architecture giving the area strong historical appeal. In terms of wider travel, Edinburgh city centre offers plenty of fantastic activities for you to enjoy. The historic city has long been a hit with tourists globally due to its incredibly preserved and authentic buildings and its location, nestled alongside stunning Scottish scenery. From the haunting history of the strikingly beautiful Edinburgh Castle to the wide variety of shops, eateries and sports and leisure facilities found in the city, you'll never be short of things to do, and neither will be visiting family and friends.
Entrance Hall
Welcoming entrance hall with a generous walk-in storage cupboard. The 24hr emergency response system has pull cords located in the entrance hall and shower room giving peace of mind, pendants are also provided. There are illuminated light switches, a smoke detector and apartment security door entry system. Doors lead to the bedroom, living room and shower room.
Living Room
Spacious living room benefiting a Juliet balcony plus full length windows creating natural light. The living room is neutral in decor and well presented. There is ample space to accommodate a dining table and chairs and the room is well appointed with raised electric sockets, TV and telephone points. Partially double glazed doors lead onto a separate kitchen.
Kitchen
Well appointed fully fitted kitchen with tiled floor. Stainless steel sink with lever taps. Built-in oven, ceramic hob with extractor hood and fitted integrated fridge and freezer. There is a a floor level heater.
Bedroom One
Good sized double bedroom with a walk-in wardrobe with hanging rails, shelving and storage space above. The room is well appointed with a wall mounted heater, electric sockets, ceiling lights, TV and phone point.
Shower Room
Contemporary fully tiled and fitted with suite comprising of walk-in shower, WC, vanity unit with sink and illuminated mirror above. Underfloor heating with individual thermostat.
Service Charge
• Cleaning of communal and external windows
• Electricity, heating, lighting and power to communal areas
• 24-hour emergency call system
• Upkeep of gardens and grounds
• Repairs and maintenance to the interior and exterior communal areas
• Contingency fund including internal and external redecoration of communal areas
• Buildings insurance
The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening. Find out more about service charges please contact your Property Consultant or House Manager.
Service charge for a 1 Bed £182.94 per month (£2195.28 per annum)
Private Parking (Permit Scheme)
Parking is by allocated space subject to availability. The fee is currently £250 per annum. Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
Summary
Stewart Terrace is located on Balcarres Street with the annexe off Bruce Street and was purpose built by McCarthy Stone for retirment living. The development consists of 33 one and two bedroom apartments offered to a high specification. There is a House Manager on-site Monday to Friday, a beautiful residents' lounge with kitchen facility where you can meet your neighbours at the coffee mornings and enjoy the social activities. The development also features a fully equipped laundry room, a Guest Suite available to friends and family subject to a fee, a mobility scooter area and charging point, landscaped gardens with seating areas and secure private parking by permit scheme and allocated parking subject to availability, please check with your House Manager. It is a condition of purchase that a sole owner has to be over the age of 60 years, in an event of a couple the second person can be over the age of 55 years
Golden Share Apartment
Golden Share homes have a simple price cap – you own 100% of the property but its price is capped at 80% of the open market value on first sale and all subsequent resales. This means that you will purchase the home at 80% of the current market value and you would have to sell it at 80% of market value when you come to sell in the future. Inorder to meet the eligibility criteria there is an application form available, please request via our House Manager or Resales Department
Local Area
Located just 3 miles from Edinburgh city centre, Morningside is an affluent suburb of the capital with a reputation as one its' most desirable residential areas. Stewart Terrace is situated on Balcarres Street with the annexe off Bruce Street, less than 400 yards from Morningside Road, the thriving centre of the district. Here you will find a wealth of shops and entertainment facilities. Shops range from small, traditional boutiques to larger stores, with outlets for mainstream brands such as Marks and Spencer and Waitrose also available. There is also a great selection of cafes and eateries with the Victorian style architecture giving the area strong historical appeal. In terms of wider travel, Edinburgh city centre offers plenty of fantastic activities for you to enjoy. The historic city has long been a hit with tourists globally due to its incredibly preserved and authentic buildings and its location, nestled alongside stunning Scottish scenery. From the haunting history of the strikingly beautiful Edinburgh Castle to the wide variety of shops, eateries and sports and leisure facilities found in the city, you'll never be short of things to do, and neither will be visiting family and friends.
Entrance Hall
Welcoming entrance hall with a generous walk-in storage cupboard. The 24hr emergency response system has pull cords located in the entrance hall and shower room giving peace of mind, pendants are also provided. There are illuminated light switches, a smoke detector and apartment security door entry system. Doors lead to the bedroom, living room and shower room.
Living Room
Spacious living room benefiting a Juliet balcony plus full length windows creating natural light. The living room is neutral in decor and well presented. There is ample space to accommodate a dining table and chairs and the room is well appointed with raised electric sockets, TV and telephone points. Partially double glazed doors lead onto a separate kitchen.
Kitchen
Well appointed fully fitted kitchen with tiled floor. Stainless steel sink with lever taps. Built-in oven, ceramic hob with extractor hood and fitted integrated fridge and freezer. There is a a floor level heater.
Bedroom One
Good sized double bedroom with a walk-in wardrobe with hanging rails, shelving and storage space above. The room is well appointed with a wall mounted heater, electric sockets, ceiling lights, TV and phone point.
Shower Room
Contemporary fully tiled and fitted with suite comprising of walk-in shower, WC, vanity unit with sink and illuminated mirror above. Underfloor heating with individual thermostat.
Service Charge
• Cleaning of communal and external windows
• Electricity, heating, lighting and power to communal areas
• 24-hour emergency call system
• Upkeep of gardens and grounds
• Repairs and maintenance to the interior and exterior communal areas
• Contingency fund including internal and external redecoration of communal areas
• Buildings insurance
The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening. Find out more about service charges please contact your Property Consultant or House Manager.
Service charge for a 1 Bed £182.94 per month (£2195.28 per annum)
Private Parking (Permit Scheme)
Parking is by allocated space subject to availability. The fee is currently £250 per annum. Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
