The Folds, School Brow, Romiley, Stockport, SK6

Welcome to The Folds in Romiley – a generous and inviting one-bedroom apartment located on the fourth floor of a thriving independent retirement community, expertly managed by Adlington Management Services. This spacious apartment boasts a large open-plan living area, perfect for relaxing or entertaining guests. The well-sized double bedroom offers ample space and comfort, while the modern shower room and utility/storage room add to the convenience and practicality of this lovely home. Step outside onto your south-facing walk-out balcony, where you can enjoy peaceful moments and delightful views. The Folds is more than just a place to live; it's a community where homeowners can enjoy a fulfilling and active lifestyle. Regularly organised activities provide endless opportunities to socialise, learn new skills, and make lasting friendships. The on-site restaurant is a delightful setting, offering delicious breakfast and lunch options in a friendly and welcoming atmosphere. The beautifully landscaped communal grounds provide a serene backdrop for leisurely strolls or simply soaking up the beauty of the surroundings. At The Folds, you’ll find a genuine sense of community and belonging, making it the perfect place to enjoy your retirement years. Discover the comfort, convenience, and camaraderie that this apartment at The Folds has to offer. Embrace the vibrant community spirit and make this wonderful retirement community your new home.

Romiley is a delightful village that combines the charm of a close-knit community with the convenience of modern amenities and excellent transport links. Its beautiful parks, vibrant community spirit, and proximity to larger towns and cities make it an ideal location for those seeking a fulfilling and enjoyable retirement.

Entrance Hallway

Utility

1.00m x 2.52m (3' 3" x 8' 3")

Store

1.00m x 3.06m (3' 3" x 10' 0")

Open plan living/dining kitchen area

Kitchen Area

1.97m x 4.20m (6' 6" x 13' 9")

Living through dining area

6.36m (maximum) x 7.36m (maximum) (20' 10" x 24' 2")

Double Bedroom

3.81m x 2.90m (12' 6" x 9' 6")

Shower Room

2.55m x 1.90m (8' 4" x 6' 2")

On-site Facilities

The on-site facilities mean any homeowner can be as sociable and independent as they choose and to suit their own desires. The facilities are too many to mention and it is highly recommended to arrange an accompanied visit to really understand how Adlington Retirement Living provides a a community for all homeowners.

Elegant on-site restaurant
Beautifully appointed lounge with outdoor patio area
Activities studio
Therapy suite
Hairdressing salon
Internal mobility scooter & bicycle store with electric charging facilities
Fully furnished guest suite with en-suite, television and tea/coffee making facilities
Lifts for easy accessibility

Service and Well-being Charge Benefits

All our homeowners contribute monthly to a Service and Well-being Charge to cover services such as:

* A table service restaurant with on-site chef offering freshly prepared meals
* Communal cleaning, estate management and upkeep of the landscaped gardens
* External window cleaning, including all individual apartments
* Water usage and buildings insurance
* 24-hour on-site support everyday, 365 days a year, in case of emergency, with a discreet emergency call system installed in each apartment
* Our on-site management team are always available to homeowners and check on their well-being, liaise with family and professional services as required. They also organise a full calendar of social events and activities.

Service and Well-being Charges at The Folds

2024/25 approximate weekly Service and Well-being Charge at The Folds are:

1 bedroom £202
2 bedroom £212
3 bedroom £230

The Service and Well-being Charge is reviewed annually. It is important to point out that payment of the service charge has to continue even if the apartment is vacant, as it is apportioned between all homeowners in order to maintain the high standard of service.

Ground Rent

Annual Ground Rent charges 2024:

1 bedroom apartments – £1,103.56

The ground rent is due annually from 1st January and will be reviewed every year in line with the Retail Price Index.

In addition, to give homeowners maximum flexibility, we have incorporated into our lease the option to buy out your Ground Rent at any time by giving the legal landlord written notice, and paying a fee of 40 x the annual Ground Rent at the time of the service of the notice, which will take effect from the 1st January the following year. For every year after that for the duration of the lease the rent will be “a peppercorn” (i.e. zero pounds).

Building Reserve Fund

While the day to day maintenance of the buildings and facilities is covered by the Service and Well-being Charge, which is kept as low as possible to leave homeowners with maximum disposable income, major capital costs and refurbishment are not included.

It is important that maintenance is kept to the highest standards for all to enjoy, and to cover any major works, a fee of 0.25% of your sale price for each year, or part-year, of occupation will be levied when you sell on your apartment.

The Building Reserve Fund will build up over time so that money is available to pay for capital costs as they occur e.g replacement lifts, restaurant kitchen equipment, the buildings roof and car park etc. This means that the development is always kept up to the same standard as when you purchased your apartment.

Leasehold Details

125 years from and including 1 January 2020