Dunwood Court is biding its time
Having recently visited Dunwood Court, a new retirement complex in Hampshire, Caring Times editor GEOFF HODGSON examines the rationale for its development.
With just four of 22 units sold, Dunwood Court near Romsey in Hampshire, is one of many newly-built retirement complexes suffering from the stagnation in the property market.
This doesn’t faze Russell Donnelly, a director of Dunwood Properties Ltd, a subsidiary of Sentinel Healthcare, which built the complex last year.
‘There has been no fall-off in interest,’ he said.
‘At present people are struggling to sell their own properties but there are signs that this is already beginning to ease and the demand is there.’
Anyone thinking of buying an apartment at Dunwood Court, or one the two semi-detached cottages, will need to have a decent sort of property to sell, because this development is most definitely at the high end of the market. Purchase prices start at £350,000, with £450,000 being asked for the cottages, one of which has been sold. Add to that a monthly service charge of £492 plus VAT, council tax and utility bills, plus pro rata charges for homecare services and the re