What will it cost to live at Honeybourne Gate? header image

What will it cost to live at Honeybourne Gate?

We want to be up front about costs - so there are no surprises.

The remaining apartments cost between £238,995 and £435,995 depending on the number of bedrooms, floor area and position in the building. The full price list for all apartments and our floor plans can be downloaded from this page.

From time to time we have special 'incentive' packages available on some apartments and we always have a package of help available to make moving easier and cheaper. Give us a call to find out about current offers. We can also arrange part-exchange and, on some apartments, shared equity is an option. A small number of apartments are also available for rent.

Your on-going costs include a ground rent of between £233 per year and £414per year.

A monthly service charge covers the cost of all the onsite staff, building maintenance and building insurance. For one bed apartments this is £5395 per year (£450 per month) and for two bed apartments £5995 (£499 per month). A guide to what the service charge covers can be downloaded from this page.

If you are downsizing you may find that the service charge covers many of the things you are currently paying for separately and represents a saving on your outgoings but you'll need to check this for yourself.  An information sheet showing potential savings that you might make compared to the outgoings on your current property can be downloaded from this page.

When you sell your apartment there is a transfer charge to be paid (some people call this an event fee or the transfer premium) and this works out at 4.5% of the sale price. It covers long term building maintenance and the cost of redecorating and selling your apartment (so no need to pay an estate agent).

Detailed information about the transfer charge can be downloaded on this page.

The transfer charge and service charge are called 'key terms' in the lease so leaseholders have a legal obligation to pay them and it is important that you know how they work.

Of course, we are more than happy to answer all your questions. Just get in touch:

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