The press have taken a large interest in our innovative and design-led developments in London and Greater London, and on this occasion, the focus was on the ins and outs of service charges.
They may seem a bit unnecessary and partially mundane, but we thought we would give you a bit more information.
This particular article in the FTB magazine focuses on the reasons behind service charges, to which our CEO, Martin Skinner offered an explanation.
“At our Green Dragon House development in Croydon, the service charge pays for resident facilities and shared amenities such as a 10th sky garden with a BBQ a table tennis tables, a resident’s lounge with sofas, coffee machines, a pool table and a 24/7 concierge service, as well as a useful Brompton bike hire scheme.
“Affordability is key to our purchasers, who are typically first time buyers, so the important thing is to keep costs down. Our service charge for a 2-bed flat is about £2000 per annum, which is 20% lower than other newbuild developments in the area.
“Residents at our smaller neighbouring developments are given exclusive access to the facilities at Green Dragon House and also Impact House when it completes.”
So, there you have it! Now, you know exactly where your money is going when you pay your service charge with Inspired Homes.
If you have any questions or would like to book a viewing at one of our developments, please contact the team on 020 8688 6552.