Just Listed! 2 Bedroom, 1 Bathroom Retirement Villa in Bentley

Discover Your New Home at Villa 2, 4 Mills Street, Bentley WA

Home Open: 10:00am on Tuesday - 12.11.2024

Welcome to a vibrant retirement lifestyle at Villa 2, 4 Mills Street, Bentley WA, managed by Retirees WA, a dedicated not-for-profit organization empowering seniors across Western Australia. This independent living villa is the perfect haven for retirees aged over 55 seeking comfort, community, and convenience.

Key Features of Your New Villa:

• Lease for Life Arrangement: Enjoy exemptions from Local Council Rates and Stamp Duty, with a low monthly maintenance fee of just $335.
• Spacious Living: This thoughtfully designed villa features 2 comfortable bedrooms, one bathroom, a cozy living area, and a fully equipped kitchen.
• Refurbished at Settlement: Step into a fresh, welcoming atmosphere as your villa is refurbished before you move in.
• Modern Amenities: Stay comfortable year-round with split system air-conditioning and a gas bayonet for heating. The villa also includes built-in robes in the bedrooms, ensuring ample storage space.
• Private Outdoor Space: Enjoy your own private courtyard and a storage shed for added convenience, while a single lock-up garage keeps your vehicle secure. The Villa also features and fully enclosed patio area.
• Pet-Friendly Community: We understand the importance of furry companions, so your pets are welcome here!

Exceptional Community Living:

Part of a meticulously maintained retirement village, you’ll have access to beautifully cared-for common areas, fostering a sense of community and connection with like-minded individuals. Our village offers a perfect balance of tranquil living and an active social life, allowing you to embrace retirement on your terms.

Ideal Location:

Located in the heart of Bentley, this villa is close to:

• Public Transport: Easy access to bus routes for convenient travel around Perth.
• Shopping and Dining: Enjoy nearby shopping centers like Westfield Carousel, which features a range of shops, restaurants, and cafes.
• Parks and Recreation: Experience the beauty of local parks, perfect for leisurely strolls or picnics.
• Healthcare Services: Close proximity to local medical centers and hospitals ensures peace of mind regarding healthcare access.

Experience a New Way of Living:

At Retirees WA, we prioritize your comfort and satisfaction as you embark on this exciting new chapter of life. Our Lease for Life arrangement not only provides long-term security but also allows you to enjoy a low-maintenance lifestyle, focusing on what truly matters.

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 villa. 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 villa’s water, electricity, gas, telephone, and other service charges.
Maintenance and Responsibilities
As a resident, you are responsible for maintaining and repairing your villa 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. Retirees WA insures the villa and the original fixtures but you must insure your personal belongings

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.

Home Open: 10:00am on Tuesday - 12.11.2024

For a firsthand look at this exceptional independent living villa, contact Andrei at 0476 776 747 to arrange your viewing.