Available soon! Refurbished affordable Lease for Life – Independent Living Villa in Mandurah

This villa is currently undergoing refurbishment and will be available shortly.

Please contact Andrei at 0476 776 747 to organise a home inspection. 

Address: Villa 7 / 10 Anstruther Road, Mandurah WA 6210
Managed by: Retirees WA – A not-for-profit organization dedicated to empowering seniors in Western Australia
Eligibility: Individuals aged 55+ who are not employed full-time

Discover an opportunity to secure a Lease for Life in one of Mandurah's most sought-after independent living communities. This well-maintained 2-bedroom, 1-bathroom villa offers a comfortable and low-maintenance lifestyle, ideal for retirees seeking affordability without compromising on quality.

Key Features:

•              Lease for Life Arrangement: Enjoy the security of a long-term lease with exemptions from Local Council Rates and Stamp Duty.

•              Low Monthly Maintenance Fee: Benefit from a budget-friendly fee of just $345 per month.

•              Refurbished at Settlement: Your new home will be freshly refurbished, ensuring a welcoming atmosphere.

•              Modern Amenities: Includes a gas bayonet, built-in robes in both bedrooms, a private courtyard, storage shed, and undercover parking.

•              Safety and Comfort: Equipped with a duress alarm system for peace of mind.

•              Pet-Friendly Community: Bring your furry companions along to enjoy the community.

•              Visitor Parking: Convenient parking available for guests.

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.

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.
• Insurance: Retirees WA insures the unit and the original fixtures but you must insure your personal belongings.

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.

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.

Why Wait?
With its prime location, low-maintenance lifestyle, and rare availability, Villa 6 is the perfect place to start your next chapter. Embrace the freedom, security, and community spirit that Retirees WA offers.

For more details about our “Lease for Life” contracts, the Retirement Villages, or any other inquiries, please contact Andrei at 0476 776 747 or email [email protected].