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Shared Ownership Event This Week For Retirement Flats In Lichfield

Posted 13 February 2024 by Keith Osborne

McCarthy Stone is inviting retiree property-seekers to an event about an affordable buying option at Stowe Place...

Local retirees who are struggling to find affordable accommodation to downsize to in the Lichfield area are being invited to discover more about Shared Ownership, the government-back scheme that aims to make ‘rightsizing’ a more affordable option.

Taking place at one of the town’s newest retirement living communities on Thursday 15 February, McCarthy Stone will host an exclusive ‘Shared Ownership Information Day’ for its Retirement Living Plus development, Stowe Place on Rotten Row, talking place between 11.00am and 4.00pm, to shed light on the flexible purchase options available, including the Older Person Shared Ownership Scheme (OPSO) in conjunction with Homes England.

The OPSO scheme provides a helping hand by reducing the upfront cost of a new retirement living property, through providing a choice of homeownerships up to 75%. For example, at Stowe Place, a one-bedroom retirement apartment can be purchased at a 50% share from £152,500 with a monthly rent of £350, while two-bedroom properties start from £195,000 with a monthly rent of £447* (terms and conditions apply). Those who purchase the maximum percentage of 75% will pay no rent on the remaining share.

During the event, visitors will also have the opportunity to take a guided tour of the remaining retirement properties on sale, along with the state-of-the-art facilities designed to offer a full and varied lifestyle. Those who wish to attend should book in advance by calling 0800 201 4384.

David Meachem, divisional sales director at McCarthy Stone, said: “Buying a new home is always a big decision, but never more so when considering downsizing and embracing a new lifestyle in an age-exclusive development. That’s why we want to ensure those considering this lifestyle have as much information, support – and choice – as possible.

“Our ‘Shared Ownership Information Day’ is designed to uncover the benefits of OPSO, while showing prospective homeowners how they can get more from their retirement. By helping to make housing specifically for older people more accessible, retirees can enjoy the lifestyle they’ve dreamed of without having to commit to the full purchase price. We’re anticipating high demand as a result of the scheme, so we’d like to encourage anyone interested in learning more about Stowe Place to pop along to our upcoming event to hear how we can make a move work for them.”

Bridging the gap between traditional residential care and independent living, Stowe Place comprises 65 one- and two-bedroom retirement homes, each of which boast access to a wealth of communal spaces. These include a spacious lounge, well-maintained landscape garden with roof terrace, and a hotel-style guest suite for when loved ones come to stay overnight. A chef-run bistro with ever-changing seasonal menus can also be found at the development.

A dedicated estate management team will be on site around the clock to provide tailored domestic support and personal care to suit individual needs, granting retirees the independence they desire while ensuring support is readily available. Further peace of mind comes from a 24-hour emergency call system and the very latest security features including video door entry and an intruder alarm.

Open market prices at Stowe Place currently start at £274,995. Find out more from McCarthy Stone.


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