Monterey makes relocating to retirement hotspot affordable

Platinum Skies recently named as the second best spot to retire to in the UK, Dorset has a well-established reputation as a relocation hub for over 55s, thanks to its natural beauty, quaint character and opportunity for retirees to enjoy a vibrant, active lifestyle.

Measured by factors including life expectancy, access to healthcare and crime rate, the report highlights the many attractive aspects of Dorset which draw retirees to the county, with the golden stretch of coast in Christchurch particularly popular.

However, increased demand has inevitably led to house prices increasing. In the last 5 years prices have risen by a staggering 33%, resulting in a large proportion of people blocked from being able to move to such a desirable location. With the average net sum generated from downsizing just £60k, relocating to Christchurch is off the cards for the average retiree.

second best spotPlatinum Skies unique flexible ownership scheme provides a solution to this downsizing dilemma. At their latest development, Monterey, retirees can buy a beautiful apartment from £140,000 through Platinum Skies’ part buy, part rent scheme - offering an affordable solution to downsizing to Christchurch. Cheaper stamp duty and the opportunity to release equity through a tax-free lump sum from the sale of your old home, Monterey home owners will enjoy a stress free, cash rich retirement in a brand new ‘lifetime’ home.

Consisting of 35 one and two bedroom apartments, the red-brick building of Monterey sits in the shade of its namesake pine. Echoing the classic Victorian architecture of the original hospital building located on the site, the development consists of modern day touches, from large windows to juliette balconies, projecting a fresh, light-filled ambience.

David Hines, Chairman of Platinum Skies, comments:

“For too long, downsizing in retirement has been associated with negativity and difficulty. We are turning this around. Using a government backed scheme we are able to offer high specification homes in the heart of Christchurch, and not just for the well-off few. At Monterey, 50% of the development is already sold, with 40% of those buyers having relocated from outside the area. Residents have moved from as far afield as Lincolnshire, central London and even France, to affordably enjoy Christchurch’s immeasurable natural beauty and quality of life.”

John and Jan Marshall have recently bought a two bedroom apartment at Monterey, relocating from the Norfolk countryside to Christchurch. Jan explains:

“After a few moves, an apartment was going to be the answer for us, both financially and practically. Platinum Skies’ part-buy part-rent concept has meant we’re able to move into a modern, brand new apartment with more space than we thought we could afford, and still be mortgage free! I have family in Dorset so we have got to know the area really well over many years. Christchurch is a thriving community, with the added advantage of easy road and rail connections back to our children in London.”

Inside, the airy, open-plan properties are designed to adapt to resident’s changing needs; the flexible layouts, lifts and ample storage incorporated are crucial aspects for all downsizers. Interiors are elegant, designed to create a feeling of serenity and wellbeing, and generous windows flood the spacious rooms with natural daylight. Each apartment has stylish luxury finishes throughout, including a shaker-style kitchen, fully fitted with integrated appliances, sleek bathrooms and hidden individual utility areas.

Prices start from £140,000 for a 50% share of a one bedroom home (FMV - £280,000)

The Monterey show home is open Tuesday to Saturday, 10am – 5pm. For more details  about Platinum Skies call 01202 471461 or please click here

April 5, 2018

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