Menu What is the cost of retirement living? As with any leasehold property, Owners must pay ground rent and a monthly service charge, which includes all exterior maintenance, redecoration and upkeep of communal areas (hallways, lifts, stairs, paths, driveways etc). The monthly retirement home cost includes many things you would have to pay for anyway: heating in your own apartment (on selected developments), water and sewerage charges, buildings insurance and extras like window cleaning and garden maintenance. It also includes many of the things you would expect to pay extra for: the services of the Lodge Manager, 24 hour Careline Monitoring, the furnishing, heating and cleaning of the Owners' Lounge and more are all included in the retirement home cost per month. Unlike other developers, Churchill Retirement Living does not charge a transfer or exit fee if you sell or sublet your property. On resale 1% of the gross sale price or 1% of the open market value if subletting is payable by way of contribution to the Contingency Fund, which is held on behalf of Owners towards longer term repair and replacement cost. Our Service Charges explained... Many Owners are pleasantly surprised that the service charges for their apartment frequently work out less than what they were paying, in comparable costs, on their previous property. This is backed up by research from the Housing LIN, who found that downsizing from a 3 bedroom house to a 2 bedroom retirement apartment could save an Owner approximately £1,300* per year. We appreciate everyone’s household costs will differ, and when deciding to purchase a Churchill apartment, your Sales Executive will go through your costs in detail and complete a ‘Savings Calculator’ based on your current property. Ensuring complete transparency and a helping hand throughout the process. In terms of Churchill retirement home prices, you can visit our Retirement Apartments For Sale page to browse through our different homes and communities. *Based on ‘Sizing up the Situation’ report (Housing LIN, 2014) and Millstream Service Charge data. Call us today to find out more What is retirement living? Independent living Facilities at our lodges Feel safe and secure Is retirement living for you? What is the cost of retirement living? Millstream Management Services Retirement living for your loved ones Enjoy an active, independent retirement See what our customers say Churchill FAQs Keep up to date with the latest news Sign up to our mailing list to be the first to know any new promotions and exclusive offers. Subscribe now Churchill Retirement Living. The retirement housebuilder of choice. 0800 084 6863 Twitter Facebook YouTube Apartments for sale Retirement Living explained Move with ease News & Events Careers The Churchill Foundation Land Planning Owner Rewards Terms of Use Cookies Policy Privacy Policy Modern slavery statement Accessibility Churchill Retirement Living Ltd Registered in England No. 6260373 Churchill Retirement Living, Churchill House, Parkside, Ringwood, Hampshire BH24 3SG. © Churchill Retirement Living 2021 We Care About Your Privacy We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below or at any time in the privacy policy page. These choices will be signaled to our partners and will not affect browsing data. We and our partners process data to provide: Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors) I Accept Show Purposes