Apartment 41 | SOLD

A select collection of 1, 2 and 3 bedroom retirement apartments for sale in Romiley near Stockport, Greater Manchester, exclusively for the over 60s. Most apartments benefit from a walk-out balcony or patio and many come with en-suite shower rooms.

We are members of the Associated Retirement Community Operators, who set high standards for retirement community operators in the UK and aim to comply with the ARCO Consumer Code at all times, which can be accessed by clicking here.

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:

• Beautifully appointed kitchens with fully integrated appliances including oven, hob with extractor,microwave, fridge freezer and dishwasher
• 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

When you move into The Folds in Romiley, you can set your own timetable and live life however you choose, free from everyday worries and compromises.

You’re guaranteed the best of both worlds: a beautiful, self-contained apartment to call your own and an extensive suite of communal facilities on your doorstep. Including:

• Elegant on-site 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 for easy accessibility
• Private homeowners parking
• Extensive landscaped gardens with raised flower beds

View more about the lifestyle on offer on our Adlington Life page here.

*Additional charges apply.

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.

2023/24 approximate weekly Service and Well-being Charge at The Folds are;

• 1 bedroom £203
• 2 bedroom £213
• 3 bedroom £230

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.

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 charges 2023:

• 1 bedroom apartments –  £1,063.41
• 2 bedroom apartments – £1,181.57
• 3 bedroom apartments – £1,417.88

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.)

Building Reserve Fund

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.

An administration fee is also charged on resale.

Care Charges

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 £21.00 per hour per carer.

Free Service Charge for 2 years

For a limited time only we’re offering 2 years’ free Service and Well-being Charge.

Terms and Conditions

• For reservations taken on selected apartments at The Folds before 31st December 2023
• Free Service and Well-being Charge for the 24 months following legal completion
• The monthly charge will remain fixed irrespective of any price rises during the 24 month period. Following this period ARL will charge the prevailing rate for your apartment.
• Not available in conjunction with any other offer or discount
• Offer must be detailed on reservation documentation
• Excluding pre-loved apartments
• Free Service and Well-being Charge offer will be applied as a discount to the purchase price of the apartment adjusted at the point of purchase based on the current annual Service and Well-being Charge rate applicable for that property at that time. For Free Service and Well-being Charge offers over one year duration any future increase in the Service and Well-being Charge for that property in subsequent years that result in variance to the discount originally applied will be payable by the homeowner when those charges become due.

Part Exchange for a stress-free move

Don’t miss out on our offer to part exchange your home. You can receive 3% off your apartment purchase price at The Folds if you part exchange your home using Adlington Retirement Living’s dedicated partner.

Terms and Conditions

• For new reservations taken at The Folds before 31st December 2023
• 3% of the original apartment purchase price will be deducted at legal completion
• Subject to home visit and full survey
• Subject to using ARL’s part exchange partner
• Not available in conjunction with any other offer or discount
• Excluding pre-loved apartments