Located on the ground floor, apartment 2 is an exceptionally spacious 3 bedroom apartment with a private patio enjoying views of both the canal and landscaped gardens. The master en-suite bedroom comes with a walk-in wardrobe for that added space and there is also a separate fully tiled bathroom and a third bedroom which is ideal for a study.
Select a floor or number of bedrooms and then use the interactive map to view our different apartments.
Our range of spacious apartments are designed to offer flexibility to suit everyone. We also focus on the little things that make a big difference – from how a home feels, such as natural light, a user-friendly layout, a private patio or balcony – to smart, space-saving storage.
Our apartments offer a range of features and fittings to guarantee years of hassle-free living. A typical example would include:
All our homeowners contribute monthly to a Service and Well-being Charge to cover services such as:
Our on-site management team are always available to homeowners and check on their well-being, liaise with family and professional services as required. They also organise a full calendar of social events and activities.
2024/25 approximate weekly Service and Well-being Charge at The Folds are:
The Service and Well-being Charge is reviewed annually. It is important to point out that payment of the service charge has to continue even if the apartment is vacant, as it is apportioned between all homeowners in order to maintain the high standard of service.
While your own household expenditure should reduce when you move to The Folds, it’s important to remember that you’ll still be responsible for:
The Folds offers extensive communal facilities which are at the heart of a thriving community. These include our homeowners’ lounge, table service restaurant, coffee lounge, hairdressing salon, guest suite, staff rooms, management offices, and the mobility scooter and bicycle store, as well as landscaped gardens.
We charge an annual Ground Rent to recoup the considerable costs of investing in these extensive facilities.
Annual Ground Rent charges 2024:
The ground rent is due annually from 1st January and will be reviewed every year in line with the Retail Price Index.
In addition, to give homeowners maximum flexibility, we have incorporated into our lease the option to buy out your Ground Rent at any time by giving the legal landlord written notice, and paying a fee of 40 x the annual Ground Rent at the time of the service of the notice, which will take effect from the 1st January the following year. For every year after that for the duration of the lease the rent will be “a peppercorn” (i.e. zero pounds).
If you wish to exercise this right upon your initial purchase, please let us and your solicitor know, and we can accommodate this from the outset for the cost of 40 x the initial Ground Rent set for your home (e.g. to buy out the Ground Rent at the outset for a one bedroom home would cost 40 x £1,063.41 = £42,536.40). (Applicable to new apartment sales only.)
While the day to day maintenance of the buildings and facilities is covered by the Service and Well-being Charge, which is kept as low as possible to leave homeowners with maximum disposable income, major capital costs and refurbishment are not included.
It is important that maintenance is kept to the highest standards for all to enjoy, and to cover any major works, a fee of 0.25% of your sale price for each year, or part-year, of occupation will be levied when you sell on your apartment.
The Building Reserve Fund will build up over time so that money is available to pay for capital costs as they occur e.g replacement lifts, restaurant kitchen equipment, the buildings roof and car park etc. This means that the development is always kept up to the same standard as when you purchased your apartment.
As an example, if a property that has been owned for 9 years and 7 months is sold for £300,000, the fee payable will be £7,500 (Sale price x 0.25% x years or part-years owned).
An up-to-date Fund balance is available on request.
Additional personal tailored care packages can be designed to suit your individual requirements. All care packages are drawn up in consultation with you, based upon a careful assessment of needs and regularly reviewed, including short term illness and recuperation packages. Costs are based on the level of need per person and will be provided in advance and charged approximately from £23.00 per hour per carer.
Our helpful team is on hand to answer any questions you may have. Get in touch by calling 0800 118 1694.
To book an appointment or ask a general question, use the form below to send us a message and our team will be in touch.
Alternatively, you can request a brochure here.
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