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
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.
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.
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.
Expenses can include:
The list goes on…
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.
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.
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SOMERVILLE40 Grosvenor Gate, Leicester, LE5 0UA