The new cottages have a larger lounge and kitchen but this is offset by an additional room in the older cottages. Of the 38 remaining cottages 2 are one bedroom (65m²) (C) and the remainder are all 2 bedroom ( 92m²) (D) in size.
HADCA’s cottages are sold on the “life rights” basis. Cottage residents pay an endowment, which entitles them to occupy their cottage for life.
When a resident leaves their cottage and it becomes available for re-endowment, the outgoing resident is repaid according to the following calculation:-
80% of the re-endowment price, less a refurbishming cost of 0.5% per annum based on the number of years occupied, up to a maximum of 10%.
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Listing Title: Elizabeth Gardens