Information on Costs
Our Service Charge is payable quarterly in advance. Our financial period runs from 1st April each year.
- The service charge is reported in the annual accounts. A meeting is held with residents in advance to discuss and agree the service charge for the following year.
- The scheme has a rolling capital plan to cover replacement of major items.
- Part of the service charge contributions go to the ‘Reserve Fund’ to cover the costs of future essential works, including:
- Cyclical maintenance, such as external property repainting every 5 years
- Long term costs, such as future essential major renewals and maintenance works
Management of Property & Facilities, managed by the Village Manager under instruction from the Estate Management Board, which includes:
- Management, administration and supervision of the village facilities and services.
- Maintaining and repairing the village buildings, facilities and services, including the exterior of all properties.
- Buildings insurance, which includes fixtures but excludes fittings and contents.
- Managing and/or undertaking statutory testing of equipment, services, and mechanical and electrical installations within the village.
- Heating, cleaning and lighting of village facilities.
- Periodic testing of safety systems within the village.
Independent Living Support includes:
- Staffing over 24 hours, 7 days per week, with on-site emergency call monitoring and response.
- Provision of an emergency call alert system for all residents.
- Reception and concierge service Monday to Friday, 9 to 2. for parcel handling & medication delivery from local pharmacy.
- 1 hour’s Housekeeping per week.
- 1 x 8kg load of Laundry per week.
As a leaseholder you have full use of the communal facilities, grounds and gardens within the village.
Ground Rent = £130 p.a.
This is payable in December for the year ahead, and is indexed linked every 10 years, with the next review due in 2033.
Transfer Fee = 3% of Market value at time of sale
This is due on sale of your property when the lease is transferred to a new owner, and is payable to Woodchester Valley Freehold Company Limited.
