Under Offer! Villa 33 at Joseph Banks Estate - Fully Refurbished Before Settlement

This villa is currently under offer. However, if you are interested in similar villas within our Retirement Villages, please feel free to call or email us. We would be happy to add you to our contact list for upcoming opportunities.

Discover the ultimate retirement sanctuary at Joseph Banks Retirement Village!

This Villa is offered on a Lease-for-Life Agreement (exclusive to individuals aged 55+ who are not employed full-time).

Managed by Retirees WA Inc., a non-profit organization operating for over 90 years, the village offers exemptions from local council rates and stamp duty, along with a low monthly maintenance fee of $425. The pet-friendly complex features well-maintained common areas and ample visitor parking.

This independent living villa, conveniently located close to the clubhouse, seamlessly combines comfort and community. With spacious interiors, modern amenities, and serene surroundings, this villa is designed for your golden years.

Comprehensively refurbished prior to settlement, the villa features three bedrooms (two of which are equipped with substantial built-in wardrobes, while the third offers the flexibility to serve as a study), one semi-ensuite, two toilets, an internal laundry, a private courtyard, and a double car garage with additional storage.

Enhanced by double-glazed windows, stone benchtops, solar panels, duress alarm and both ducted (evaporative) and split-system air conditioning, it offers comfort and convenience with easy lock-and-leave access.

The villa features a lounge area with separate dining, a spacious kitchen equipped with quality appliances and ample storage. Nestled close to a lush parkland reserve, Joseph Banks Retirement Village provides an idyllic backdrop for retirement living.

The estate promotes a smart-home approach for an environmentally friendly lifestyle. Additionally, next-level care options are available within the complex (conditions apply), ensuring peace of mind for residents.

At the heart of this community is the clubhouse, serving as a hub for social gatherings and activities. Engage in a fulfilling lifestyle surrounded by like-minded individuals, with easy access to nearby amenities and the tranquility of Western Australia’s stunning landscapes.

Exclusive amenities include a clubhouse with a library, craft and theater rooms, a workshop, gymnasium, and sauna. Join our vibrant community and take part in activities such as quiz nights, Canasta, carpet bowls, bingo, and regular outings.

Discover the Benefits of Retirees WA’s “Lease for Life” Arrangements
At Retirees WA, our “Lease for Life” option offers seniors a secure and affordable living arrangement in independent living units. This lease agreement provides long-term stability and peace of mind by allowing residents to lease a unit for up to 60 years.
Additionally, our lease-for-life agreements relieve residents from the burden of Stamp Duty and Local Council Rates, offering considerable financial respite. This, along with our low maintenance fees, provides significant financial relief.

How the “Lease for Life” Works
Choosing a “Lease for Life” with Retirees WA means purchasing the lease at market value, granting you the exclusive right to occupy the unit and use all common facilities (if applicable). The lease ends when the last occupying resident vacates the unit. Unlike traditional home ownership, the land title does not transfer to you. The residents have to be over 55yo and cannot work full-time. 

Financial Details and Costs
During occupancy, residents are responsible for the following costs:

Monthly Maintenance Fee: This covers common village expenses such as administration, pest control, building insurance, utilities for common areas, gardening, rubbish removal, and maintenance. The fee is reviewed annually.
Utility Charges: Residents pay for their unit’s water, electricity, gas, telephone, and other service charges.
Maintenance and Responsibilities
As a resident, you are responsible for maintaining and repairing your unit only from the back fence to the outside of the front door. Retirees WA ensures that common areas are well-kept, covering these costs through the village maintenance account. This means you can enjoy a low-maintenance lifestyle, focusing on what matters most to you.

Insurance and Pets
Retirees WA insures the unit and the original fixtures but you must insure your personal belongings. Pets are allowed at the discretion of Retirees WA, and a “Request to Keep a Pet” form must be completed.

Understanding the Outgoing Refund
When the lease ends, the outgoing refund is calculated by deducting certain fees from the new resident’s ingoing payment:

Deferred Management Fee (DMF): 2.5% of the subsequent resident’s ingoing payment per year, capped at 25%.
Major Refit Contribution (Sinking Fund): 1% of the subsequent resident’s ingoing payment per year, capped at 10%.
Additional Costs: Including outstanding maintenance fees, water usage, selling fees, settlement fees, and refurbishment costs.
The outgoing resident or their estate receives the payment within 7 business days after the subsequent resident pays for the lease.

Why Choose Retirees WA?
Choosing Retirees WA’s “Lease for Life” offers numerous advantages:

Security and Stability: Long-term leasing provides peace of mind.
Community Living: Enjoy the companionship of like-minded seniors in a supportive environment.
Reduced Living Costs: Exemption from Stamp Duty and Local Council Rates ensures affordable living. Low monthly maintenance fees further enhance financial relief.
Low-Maintenance Lifestyle: Focus on enjoying your retirement while we take care of common area maintenance.

Experience retirement living at its finest at Joseph Banks Retirement Village—where security and tranquility await. Schedule a tour today to discover the exceptional lifestyle that awaits!

Contact Andrei at 0476 776 747 to arrange a viewing.