COSTS TO STAY OR BUY
Life Rights
Units at Deansgate are sold on the Life rights system. This means that a resident buys the rights to occupy a certain unit. In addition to the cost of the unit the resident will also need to pay a monthly levy, which covers rates, electricity and water. The levy cost is based on the square meterage of the unit.
Period of occupation |
1 year |
2 year |
3 year |
4 year |
5 year |
|---|---|---|---|---|---|
Percentage of resale price |
90%
|
80%
|
70%
|
60%
|
50%
|
Upon termination of the agreement the purchaser or the purchasers estate shall be entitled to receive a portion of the resale price of the life right, in accordance with the table set out above.
Fundraising
Deansgate is a registered non-profit organisation with an official fundraising number. As such it is a charitable organisation that relies on fundraising and donations from both the public and private sectors. Until very recently Deansgate received a significant subsidy from the Department of Social Welfare, but this subsidy was withdrawn in 2010.
For the last few years we have received grants from The South African Lottery Board.
The famous Deansgate Spring market is held every year.
For the market to be successful we rely heavily on donations from members of the public.
Prices as at 1 March 2021
|
Cottages for Sale on Life Rights
|
|
|---|---|
| 1 bedroom cottages | From: R1 300 000.00 |
| 2 bedroom cottages | From: R3 000 000.00 |
| Cottage Levy | Available on request |
|
Main Building
|
|
|---|---|
| Mid care room with bathroom en suite | R20 400.00 |
| Mid care room with private toilet and sharing shower | R17 225.00 – R18 200.00 |
|
Frail Care
|
|
|---|---|
| Private Room | R20 400.00 |
| Sharing room | R17 280.00 |
| High Care | R22 900.00 |
Other items
| Lunch tokens for cottage residents and visitors | R70.00 each |
| Laundry tokens for cottage residents | R25.00 each |
Prices are based on costs as at 1 March 2021 and are subject to change
