associated fees

Stratton Court

FAQS

EVENT FEE

What Fees Do I Need to Pay?

FINANCIAL TRANSPARENCY

When considering buying a retirement apartment, it is important to consider the associated fees that such commitment comes with. For those who are new to their retirement property search, it can be quite daunting at first glance to see that you be paying for more than just the purchase price of your property.

Below is a full explaination of the costs that are to be paid to Stratton Court whilst you are living in the Village. If you would like more detailed information regarding any of our fees, please do not hesitate to contact our team.

Village fees payable:

Monthly:

  • Service charge

Annually:

  • Car parking (if required)
  • Ground rent

If you are leaving the village:

  • Event fees

Fees not included:

  • Electricity and gas (provided by the village at a reduced rate)
  • Council tax
  • Internet (WIFI in the communal areas is included in the service charge)
  • Food & drink at the Kensington Restaurant (members discounted rates)

 

 

Monthly Service Charge 

one fixed cost monthly invoice 

We understand the worries associated with financial security when planning for your future. For many people the idea of a monthly service is a completely new concept and not something which has ever been considered in the past which could raise financial concerns.

At Stratton Court we are proud to offer all of our residents a fixed monthly service charge, allowing you to plan ahead without any hidden suprises. From the moment you purchase your retirement property, your service charge will remain the same until you decide to sell. The only slight variation in service charge fees will be in line with the Consumer Price Index % figure supplied by the ONS annually. If there is a slight increase in CPI, there will be a slight increase to your service charge. If there is a slight decrease in CPI, there will be a slight decrease to your service charge.

Get in Touch

WITH OUR KNOWLEDGEABLE TEAM

Whether you would like to arrange a visit, or simply ask a question, a member of our knowledgeable team will be happy to help. 

What Does Your Service

Charge Cover?

please get in touch for further information

N

CCTV systems around village

N

Grounds maintenance

N

External window cleaning

N

Servicing of lifts

N

Regular removal of rubbish

N

24/7 emergency call monitoring

N

Water and sewerage

N

Staffed Reception (Mon - Sun, 9am-5pm)

In addition, other services will be available from time to time, which are provided at the sole discretion of the management company.

Examples of what these additional services may include:

N

Private rooms and cinema

N

Preferential members menus

N

1 hour per month of domestic services

N

Employment of a village manager

N

Aura private minibus service

Additional Fees

ground rent & secure parking

Like many other leasehold schemes, Ground Rent is payable annually and will be reviewed in line with CPI every 10 years (next review is 1 January 2027) and on each successive 10 year anniversary of that date.

An optional fee at the discretion of new residents is the annual fee for our secure underground carparking space. Fully equipped with CCTV to ensure your vehicle is kept out of the elements, safely tucked away.