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it is extremely cheap because the developer (+ mgmt scheme) still owns 2x flats and has to chip in too! I fully expect it to rise when we take control
also, given the builder's warranty we dont have to contribute a vast sum to a sink fund etc. it is mainly insurance, communal electricity, gardener etc.
sorry I should have mentioned @Howard - we have a share of the freehold and are on very good terms with our neighbours