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When we were buying I looked at a similar sounding place and the service charges were about the same. One of the reasons I told the agent to do one (all of the other reasons being that they were from Foxtons).
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I live in a block of flats which is four stories of six flats each and we are currently paying over two hundred pounds a month in Service Charge
Do you have and are you paying a portion of that in to a reserve fund? If not, seems spendy.
We pay about £100 PM for a 50s block with four floors no lift. Signficant grounds through so I'd imagine a bit of that goes on gardening. There is no reserve fund, so ARRGH.
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We're 1930s block of 70 flats with no lift an paying £200 per month, partly to top up major works (roof replacement)...that help?
stevo_com
Howard
Stonehedge
@ReekBlefs
Bit of a weird question but does anyone live in a smallish 1920s / art deco block of flats, with no lift?
If so I'd love to get a copy of your yearly service charge if poss?
I live in a block of flats which is four stories of six flats each and we are currently paying over two hundred pounds a month in Service Charge. My guess is that it should be closer to around half that for this sort of block.