Living Dining
Emerald Way, Chorlton

Service Charge Explained

All leasehold homes and apartments have charges to cover the maintenance of the building and shared areas. Shared Ownership homes and apartments are no different.

The charges are usually broken in two – sinking fund charges, and service charges. For simplicity, at Emerald Way, these charges are combined into one charge. The cost for your apartment will depend on its full value but will range from £198-£230 per month. You need to pay this along with your monthly rent and mortgage costs.

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How much is the service charge?

The charges are usually broken in two – sinking fund charges, and service charges. For simplicity, at the Stamford Arms, these charges are combined into one charge. The cost for your apartment will depend on its full value but will range from £198-£230 per month. You need to pay this along with your monthly rent and mortgage costs.

Gecko Management fee - £10

Building Insurance

1 Bed: £30.31

2 Bed - £38.37

1 Bed Studio - £26.48

Plot Total Service Charge PCM
Apartment 1 £206.79
Apartment 2 £198.73
Apartment 3 £206.79
Apartment 4 £198.73
Apartment 5 £230.89
Apartment 6 £230.89
Apartment 7 £206.79
Apartment 8 £198.73
Apartment 9 £206.79
Apartment 10 £198.73
Apartment 11 £206.79
Apartment 12 £198.73
Apartment 13 £230.89
Apartment 14 £230.89
Apartment 15 £206.79
Apartment 16 £198.73
Apartment 17 £206.79
Apartment 18 £198.73
Apartment 19 £198.73
Apartment 20 £206.79
Apartment 21 £198.73
Apartment 22 £230.89
Apartment 23 £230.89
Apartment 24 £230.89
Apartment 25 £222.83
Apartment 26 £230.89
Apartment 27 £230.89
Apartment 28 £230.89
Studio 29 £219
What does this cover?

Your charges will cover a wide range of maintenance and repair costs, including:

  • Administration management fee
  • Building insurance

Maintenance:

  • Building fire alarms
  • Estate charges
  • Communal cleaning
  • Window cleaning
  • Floor cleaning (internal & external)
  • Bin store jet washing
  • Pathway jet washing
  • Guttering cleaning

Sinking Fund:

  • Building cyclical external decoration
  • Building roof
  • Building windows
  • Building cycle store replacement
  • Decoration Internal Communal Area
  • Communal Floor Finishes
  • External Lighting
  • Gutters & Downpipes
  • Automatic Opening Vents
  • Fire Alarm
  • Communal Doors
  • Main Entrance Doors 
  • Door Entry / Intercom System
  • Electric Vehicle Charging Point 
  • TV Aerial
  • Flat Entrance Door

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Read Our Guide

Buying your first home is definitely one of the most exciting times of your life, but one that also comes with stressful moments. Our comprehensive guide is ready to download and read so that you can understand everything you need to about Shared Ownership.

We’re here to support you every step of the way, so if you have any questions or need more information, please don’t hesitate to reach out to us.

Download Guide
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