Maryland Place (SO), St. Albans, Hertfordshire, AL3 5RF

***OWN 25% OF THIS FABULOUS HOME FOR £112,500***Flat 4 is a ground floor two double bedroom apartment available with shared ownership. Maryland Place gives you an exclusive opportunity to own your own apartment and remain independent while giving you options to be part of a larger community on your doorstep.

Created on the site of the former Maryland Convent on Townsend Drive in the popular city of St Albans, Maryland Place is a fine collection of newly-built houses, apartments and duplexes, designed exclusively for the over 55s.

With a selection of three-bedroom houses, two and three-bedroom apartments and two four-bedroom duplex apartments created within four carefully designed new buildings, this new development offers plenty of choice.

Each new home has been designed according to Beechcroft’s principle of creating homes with generously-proportioned living space but with fewer bedrooms than one would expect in a mainstream property of a similar size. Each energy-efficient, easily-maintained, new home features fixtures and fittings of the highest quality and the majority provide outside space in the form of balconies or terraces.

An Estate Manager is responsible for the day-to-day administration of the development, including the maintenance and cleaning of the communal areas, including a residents lounge, and the upkeep of both private and communal gardens.

Offering safety and security, each apartment is fitted with a security alarm and panic button alongside a video door entry system. There are also separate mobility scooter and bicycle storage.

Shared Ownership for the over 55's - How does it work?

Whether you are retired, planning for your future or downsizing, where you live and quality of life is important. Maryland Place provides you with the privacy of your own apartment but with the sense of community.

You buy a share in your home (25%, 50% or 75%) with the remaining share owned by the Housing Provider. There is no rent to pay on a 75% purchase.

In the future, you can simply sell your share for its value at the time of sale (current market valuation required) or purchase further shares in your home up to 75%.

Full market value is £450,000.

Service charge is £110pcm.