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Retirement apartment flat

Apartment 20 | £234,950 (other charges apply)

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Currently Available

A one bedroom deluxe apartment with walk-out balcony and views of the landscaped gardens located on the second floor.

Call our Sales Team: 0161 509 8635
Apartment plan
Bedroom
3.44m x 4.46m
(11'3'' 14'6'')
Kitchen
2.41m x 3.16m
(7'9'' x 10'4'')
Living Room
3.44m x 6.91m
(11'3'' x 22'7'')
Shower Room
2.55m x 1.90m
(8'4'' x 6'2'')
Store/ Utility
2.10m x 1.33m
(6'9'' x 4'4'')
Gross internal floor area:
55.73 sq m
(600 sq ft)

Floor plan

6-months free Service Charge*

Development overview

 

A select collection of 1, 2 and 3 bedroom retirement apartments for sale in Romiley near Stockport, Greater Manchester, most with balconies or patios and many with en-suite shower rooms. The development will offer an independent lifestyle with tailored care and support available should it be needed, all in a safe and secure environment designed specifically for later living.

Apartment specification

  • Beautifully appointed kitchens with fully integrated appliances
  • Walk on balconies or patios to most apartments
  • En-suite and bathroom with heated towel rails to many apartments
  • Slip resistant and level access shower rooms
  • Wardrobe to master bedroom
  • Utility cupboards with space for a washer/dryer and in most cases separate storage rooms
  • 24-hour emergency call system linked directly to dedicated on-site team
  • Audio and visual entry system to main entrance
  • Wider doorways and spacious rooms for ease of wheelchair access
  • Ample easy reach sockets, light switches and telephone points
  • Electric throughout with energy efficient hot water and central heating system

Communal areas

  • Elegant table service Restaurant
  • Beautifully appointed Lounge with outdoor patio area
  • Activities Studio
  • Therapy Suite
  • Hairdressing Salon
  • Internal Mobility Scooter & Bicycle Store with electric charging facilities
  • Fully furnished Guest Suite with en-suite, television and tea/coffee making facilities
  • Lifts to all floors
  • Private homeowners parking
  • Extensive landscaped gardens with raised flower beds

Charges

Service and Well-being Charge

All our Homeowners contribute monthly to a Service and Well-being charge to cover services such as:

  • A table service restaurant with on-site chef offering freshly prepared meals
  • Communal cleaning, estate management and upkeep of the landscaped gardens
  • External window cleaning, including all individual apartments
  • Water usage and buildings insurance
  • 24-hour on-site support everyday, 365 days a year, in case of emergency, with a discreet emergency call system installed in each apartment

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.

2020/21 Weekly Service and Well-being Charge at The Folds are;

  • 1 bedroom apartment: approximately £147
  • 2 bedroom apartment: approximately £154
  • 3 bedroom apartment: approximately £167

It is important to point out that payment of the Service and Well-being Charge has to continue even if the apartment is vacant, as it is apportioned between all apartments in order to maintain the high standard of service.

Individual Responsibilities

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:

  • Council Tax
  • Your apartment electricity usage
  • Contents Insurance
  • Telephone line rental and broadband (where applicable)
  • TV licence (where applicable)
  • Satellite television package (a communal satellite dish with connection points is provided in your apartment)

Ground Rent

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 fees:

  • 1 bedroom apartment – £900
  • 2 bedroom apartment – £1,000
  • 3 bedroom apartment – £1,200

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 £900 = £36,000).

Building Reserve Fund

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, such as replacement lifts, restaurant kitchen equipment, the building roof and car park. This ensures the development is maintained to the same standard as when purchased.

As an example, based on a property value of £300,000 and over a 10 year period, the fund payable at that time will be £7,500.

Care Charges

Additional 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 £21.00 per hour per carer.

*Current offers

6-months free Service & Well-being Charge*

*Offer available on all new reservations at The Folds with legal completion by 30th November 2020.

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