Retirement properties at Fairmile
Each retirement home, cottage or apartment in one of our communities is set in a beautiful and secure environment, surrounded by exquisite grounds and facilities, including restaurant, health club and a care and support team.
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Note: A Monthly Management Fee (MMF) and Deferred Management Charge (DMC) apply to the sale of all properties.
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A monthly management charge and deferred management fee apply to all properties sold in an Audley village. At Audley Fairmile the Monthly Management Fee (MMF) for for a new property is £1,448.16 per calendar month for the year ending 1st March 2027 (please note, this may vary for a pre-owned property).
The Deferred Management Charge (DMC) is payable on change of occupier and based on the final achieved sale price or the open market value, whichever is greater 5% per year or part-year for years 1-5, 3% per year or part-year for year 6, up to a maximum of 28%.
Deferred Management Charge percentage will stop increasing after nine months of the property being marketed. This requires repairs to be completed and personal belongings to be cleared, works to improve the saleability to have been undertaken and the price to be agreed.
Full details are shown on each property listing below and full details are also shown in our Key Facts and Costs Explained documents, as shown on our fees page.
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How it works
When buying a retirement property in an Audley village you buy and own your own retirement home, in a beautiful and secure environment. Plus, you have the added luxury of having your gardens and property maintained for you. Each retirement property in one of our villages is sold with a lease of up to 250 years (length of lease varies by village). A monthly management fee and deferred management charge apply to all properties.
