Downsizing

A New Start

Downsizing can represent a way to start a new life in a new home as well as reduce the stress and expense of maintaining a large property.

All-Inclusive Rental Charge Covers:

Rental for your apartment


Heating, Electric and Water  (subject to fair use policy)


10 lunch’s per month, at our restaurant


24 hour on-site estate team for help, assistance and emergency response


Repairs and maintenance of your apartment


Maintenance, cleaning and heating of all common areas


Maintenance of all security systems, lifts etc.


Garden Room with free cafe area


Up keep of gardens and landscaping


Up keep of buildings


Building Insurance


Just 60 days' notice required. No on-going maintenance costs or hidden exit fees

Spend more time and money on:

  • Children and grandchildren
  • Friends
  • Holidays
  • Dining out
  • Health and Fitness


Less on:

  • Home maintenance and repairs
  • Home improvements
  • Gardening
  • Cleaning


Somerville is the only private rental assisted-living development in the Midlands

This gives our residents the option to keep their existing properties for future security, uplift in value, bequeath to loved ones and an income stream if they choose to rent.

Advantages of our rental concept:

• Enables residents to keep their most important asset for security.

• Release equity and boost their retirement income.

• A rental income to fund their retirement apartment. We can assist in the managing of the rental of your property so you can relax knowing our on-site estates team are close by to answer any of your concerns.

As Landlords the onus is on us too continually strive to offer exceptional service and value to maintain our occupancy levels.


Free up your time for leisure activities

For many homeowners downsizing can be a new chapter. Whether you are an empty-nester who has older children who have moved out, to those who have suffered from the loss of a spouse.

From cleaning, cooking, maintenance, furnishing, outdoor home upkeep and the cost to run all of these factors can lead to a home that is stressful.

You will be surprised how reducing your daily chores and freeing you of maintenance worries will free up your time for leisure activities, spending time with your family, getting more rest, and enable you to enjoying your home and gardens.


Saving you money

We spoke with Retirees who were very interested in moving out of a large property they were finding difficult and costly to maintain and move into a well operated retirement development.

This is because private purpose-built assisted-living apartments tend to be for sale only. There are expensive to buy which often necessitates retirees to sell their existing property

Also retirement housing providers have been beset with poor practices, especially over leasehold exploitation. It has been the subject of critical tribunal rulings, two investigations by the Office of Fair Trading, and one Law Commission report.


At Somerville our rental concept means:

  • No leasehold exploitation
  • No Stamp duty
  • No Rising management fees
  • No Ground rents
  • No Estate agent fees
  • No looming exit fees
  • No loss of your family house and security


Living in a large house can be expensive and stressful as you age

Expenses can include:

  • Large heating bills
  • Routine repairs and maintenance
  • One-off large expenditures such as replacement boilers, cooker, fridges, washing machines etc.
  • Maintenance contracts plumbing, electrics and boiler cover
  • Building Insurance
  • Several utility bills Gas, electric, water, insurance etc.
  • Garden and outdoor maintenance
  • Window cleaning
  • Grocery trips and shopping

The list goes on…


The savings you make from living in a purpose built property

A typical house in Leicester rents from £800-£1500. Add to this the savings you make from living in a purpose built property free of any maintenance costs and low heating bills you should be saving money by joining us.

Somerville’s restaurant meal will help you make savings on your grocery bill and reduce the frequency and stress of your shopping trips.


No sudden rises of your rental charge

We are aware a huge concern for seniors living in assisted-living developments are rising costs. At Somerville any rises in the rental charge will be linked to the rate of inflation so you can have peace of mind that you will not face any future sudden rises, that often happen when you own the apartment as part of a development.