McCarthy and Stone Service Charge

Cliddy

Hhh hhh hhh hhh

missile

Most management company fees are steep. I doubt an average is much use to you. Which development are you interested in?

££sc££

Service charges vary so much depending on services provided and repairs/works carried out, i think you're better off asking them about any property you're interested in

SuzieSue

I rang and asked them what it was once and they wouldn't tell me over the phone - they said I had to view the property first. Needless to say I didn't bother.

missile

Quote from an old article in the Telegraph, for your info:

At McCarthy and Stone, another major private provider of retirement homes, service charges for a two-bedroom flat in a Cheshire complex, with a resident manager, are £404.28 a quarter. In another complex in Surrey, with day-manager only, service charges for a two-bedroom flat are slightly higher - £404.76. "While, in principle, service charges are higher for flats in complexes with resident wardens," says a McCarthy and Stone spokeswoman, "there are other variables to considers such as the size of the complex - the more flats, the lower individual service charges - and the size of the gardens, which dictates how much money we spend on gardening. In our complexes, ones with resident wardens tend to be bigger, so service charges are spread around a higher number of flats."

Cliddy

Hhh hhh hhh hhh

poppysarah

Yes it is very high imo.

Is there a lift?

Normally when a lift has to be serviced it's that dear.

missile

£1,458 Ground Rent £443

That works out at £121.50 + £36.91 = £158.42 per month. Maybe the service charge includes a full time warden and do you need that? The ground rent seems OTT. I would look elsewhere.

tbs624

You ( or your solicitor ) may also want to ask questions about/ trawl the lease for "escalator clauses" which allow an increase in GR etc to be levied at specific points

geoffky

one near me..five flats sold in the last two years at 185k the other 40 are lying empty and i would hate to be one of the five..the main room looks nice but very few lights are ever on.

LisaLou1982

Only ever sold one of them - that was in Derby. 2 bed ground floor flat and it was approx £2 a year for ground rent and service charge.