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.
At the Stamford Arms, you’ll be living in a building with significant heritage and value. We’ve taken great care to preserve the important historical aspects of the building, and we need to continue to invest in looking after it, using the right materials to preserve the building’s character.
Dating to early in the 20th century, the grand Edwardian building is a former pub and local landmark. You’ll find original stained-glass windows, mock Tudor cladding and refurbished stonework. There are allocated parking, views over the stunning Cheshire countryside and a desirable village location to enjoy. You're also on the doorstep of the M6, with perfect connectivity for commuting.
To reflect the grandeur of the building, all apartments have been created to a very high specification, with Indesit appliances, high levels of insulation and all mod-cons.
View ApartmentsThe 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 £219-£276 per month. You need to pay this along with your monthly rent and mortgage costs.
Gecko Management fee - £8.33
Building Insurance
1 Bed - £18.73
2 Bed - £26.02
| Plot | Total Service Charge PCM |
| Apartment 1 | £268.08 |
| Apartment 2 | £219.33 |
| Apartment 3 | £275.37 |
| Apartment 4 | £275.37 |
| Apartment 5 | £275.37 |
| Apartment 6 | £275.37 |
| Apartment 7 | £257.37 |
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
- Water Tank (Septic Tank)
- Fire Alarm
- Communal Doors
- Main Entrance Doors
- Door Entry / Intercom System
- Electric Vehicle Charging Point
- TV Aerial
- Flat Entrance Door
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.
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