Making the move to Eaves Court

Choosing a retirement property is a big decision, and to ensure the process of choosing your new home and moving to Eaves Court is as easy as possible, Anchor have compiled the following helpful information and support packages to assist new purchasers.

It is important you feel confident in your decision and we encourage you to seek independent advice and discuss your options with your family and your legal advisers in detail.

Cost of moving into Eaves Court

The reservation fee for Eaves Court is £1,000.

10% of the purchase price is payable on exchange and customers will also need to budget for Stamp Duty, their own legal and moving costs.

Ongoing charges while living at Eaves Court

Service charge

£149.54 p/wk per week (1 April 2023 to 31 March 2024)

All residents pay a contribution to the running costs of the facilities, support services and maintenance of the building and grounds which is known as the ‘service charge’. The service charge is divided into a number of components outlined below. The service charge account is raised in advance and is split equally between all of the houses/apartments.

Component Elements of the Service Charge

• Provision of care

At Eaves Court you will be provided a minimum of two hours of support every week as part of your service charge. To ensure your suitability, we undertake a written care and wellness assessment. The assessment is undertaken by Eaves Court’s registered care manager. Eaves Court is registered with the Care Quality Commission (CQC), the independent regulator of health and social care in England. If you require additional care above the mandatory 2 hours, then please speak to the on-site Anchor care team and they’ll be able to advise on how best to support your needs.

• The Management Team
• Gardens and Grounds
• Communal Areas, Electricity, Gas and Water 
• 24-Hour On-call Response
• The Maintenance Operative
• Telephone, Television and Wi-Fi
• Insurance, Maintenance and Repair Contracts

Other costs at Eaves Court

Car parking

There are a number of car parking spaces available at Eaves Court under a license agreement which is £500 per year. Only one permit per apartment can be issued. The licence is renewable every 12 months. A number of restrictions apply, for details please speak to a member of the sales team please speak to a member of the sales team. 

Sales Transition Administration Fee and Sellers/Purchasers Information Pack 
This covers the cost of dealing with the sale or resale of a property and the associated legal aspects. There may be other costs associated with additional solicitor enquiries that you will be made aware of when applicable. The Sales Transition and Administration Fee is £264 including VAT and the Sellers and Purchasers Information pack is £240 including VAT. 

Deferred sinking fund contribution

3% of the market value

The sinking fund is a fund which we will build up over time and which will be available to meet the cost of major repairs and refurbishment works which are not covered by the monthly service charge. 

You should note that the amount in the sinking fund may vary from time to time and we can give no guarantee that there will be sufficient funds in the sinking fund to meet all of the costs of any work which may need to be done. Where there are not sufficient funds in the sinking fund the difference will be collected as an addition to the service charge.

A payment of 3% of the value of the property will be paid at the point of sale, as a contribution to the sinking fund. This percentage will be the higher of either the open market value or the premium of the property at the point of sale. e.g. If you sell your property for £400,000 x 3% = £12,000 would be owed to Anchor at point of sale.

More information

If you have any questions, or to discuss any of of this information in more detail, please contact our helpful team today on 0808 102 7209.