Apartment SB1.1

All properties are subject to annual ground rent and service charges (see below for more information). Event Fees (Deferred Development Payment and Sales Administration Fee) are payable on any disposal of the property. Further information and explanation of the Event Fees can be found on the disclosure document. For further information, see the Key Facts.

Tenure:

• Properties at The Red House are held on 150-year reducing leases from 22 August 2018 from ERL (Red House Ripon) Limited, Scutches Barn, 17 High Street, Whittlesford, Cambridge, CB22 4LT; Registered in England & Wales, No. 10488787.
• Ground rent of £500 per annum is currently payable to ERL (Red House Ripon) Limited on all properties for which the original leases were granted before 1 April 2023. The amount of ground rent is reviewed every five years from 1 January 2023, in accordance with the lease, based on the Consumer Price Index. The Leasehold Reform (Ground Rent) Act 2022 abolished the inclusion of ground rent in new leases for retirement properties entered into on or after 1 April 2023. This legislation is not retrospective, such that ground rent is still payable on properties which are subject to leases granted before that date and will continue to be payable when those leases are assigned in future.

Annual Service Charge (2023) – More information on Service Charges.

• 1 bedroom apartment £8,986.92 (£748.91 per month, or approximately £172.82 per week)
• 2 bedroom apartment £9,480.00 (£790.00 per month, or approximately £182.31 per week)

Please note that, whilst we try to be as accurate as possible, room dimensions are maximum and given as a guide. In addition, some images may be computer generated or from other properties/developments and may not necessarily be of the specific property for sale. They are intended to be indicative of the village and its properties only.