Costs

Key Facts At a Glance

We aim to be completely transparent with our charges and want you to feel that you have a good understanding of all the costs involved. Below is a brief summary of those charges. These are correct as of  June 2024. Please see the more detailed ‘Guide to Purchasing a Property at Albion Meadows’ for more information.We advise that you discuss all options with friends and family, as well as seeking independent advice, when considering moving to Albion Meadows, we believe that the more you know about us and your new home, the better.

Property and Purchase Information 

Type of property- Independent Living Apartments  Over 55s

Tenure- leasehold- 250 years 

Status- New or resale

Occupancy – Normally single or double occupancy. 

Purchase price- See price list 

Deposit- £2,500, Payable on new builds only and is nonrefundable

Stamp duty -please see Stamp Duty Land Tax Calculator

Other costs- solicitors fees & moving costs. Our partner estate agents is Allan Morris.

Monthly Costs Payable to Albion Lodge Ltd
  • The Better Living Package – Monthly Charge 

The Practical Benefits- 

Per apartment, per week= £125

The Wellbeing Additions- 

1 person occupancy= £150 

2 person occupancy= £200

  • Ground rent = £0 per year 
  • Heating and hot water are provided by a Biomass district heating system. The usage is metered and invoiced on the amount used. 
  • Premium services

Please see the ‘Better Living Package’ for more details

Payable to an External Provider
  • Council tax 
  • Contents insurance  – dependent on your provider
  • Utilities – electricity and water
  • Telephone and broadband services through your chosen provider
  • TV licence ( as applicable)

Charges Upon Selling the Property – at a Glance

There are no restrictions on sales  except the over 55s clause and that all leasehold conditions are met. 

Deferred fee is as follows:

YearDeferred Fee
1&22%
3&44%
5&66%
7 +6%

Estate Agency fee is dependent on the one you chose, our partner is Allan Morris. You will be responsible for all costs for the sale, including solicitor’s fees.

In the event of the property being empty only the ‘Practical Benefits’  part of the monthly charge will apply. 

Subletting- subletting is not normally permitted without prior agreement. 

Please note that Fees stated are correct at the date shown but may change.

For further information regarding costs please contact us at enquiries@albionlodge.co.uk or 01684 312 140