Award winning retirement apartments

Apartment 47 | £219,950 (other charges apply)

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Currently Available

A spacious one bedroom deluxe apartment with south facing walk-out balcony located on the fourth floor.

Call our Sales Team: 0161 509 8635
Apartment plan
Bedroom
4.45m x 3.45m
(14'6'' x 11'3'')
Kitchen
3.14m x 2.41m
(10'3'' x 7'9'')
Living Room
6.91m x 3.44m
(22'7'' x 11'3'')
Shower Room
1.90m x 2.55m
(6'2'' x 8'4'')
Store/Utility
1.32m x 2.10m
(4'3'' x 6'9'')
Gross internal floor area:
55.73 sq m
(600 sq ft)

Floor plan

Living at The Folds

 

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. Our community offers 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.

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

Features and specifications

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
  • 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

Restaurant and on-site facilities

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 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

Understanding the 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.

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.

2022 Annual Ground Rent:

  • 1 bedroom apartment – £944.10
  • 2 bedroom apartment – £1,049.00
  • 3 bedroom apartment – £1,258.80

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 £944.10 = £37,764).

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).

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 and events

3 years’ free Service & Well-being Charge*

*Offer available on selected apartments at The Folds, for new reservations taken before 31st December 2021. Not available in conjunction with any other offer.

Read our Homeowner stories

Audrey – Read her full story here

“I’ve felt a lot better in myself since I’ve been here. My apartment’s gorgeous. I have a one bedroom apartment and it’s lovely. It’s all on one floor so I’ve no stairs to climb or anything. It’s beautiful. It’s the best thing I’ve done because I can talk to people, I can get out, I can go for a walk around the garden if I want to”

 

“I enjoy being independent and getting out and about, so it is perfect for me and it’s nicely situated. I don’t need to do any gardening, which is heaven. I also have a balcony with a chair and table on it and when it’s fine and warm, I can sit up there. It’s lovely!”

Hannah – Read her full story here

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