Updated October 2026 · Fraser Bond
Building · Vauxhall SW8
St George Wharf service charges
Budget& reserve fund
Accountsyour rights
Challengetribunal
Returnsnet yield
In short: Owners at St George Wharf pay a service charge for the concierge, security, cleaning, maintenance, insurance and shared facilities, usually based on an annual budget with a reserve fund for major works. Leaseholders have legal rights to see a summary of costs and supporting invoices, to be consulted on major works, and to challenge unreasonable charges at the First-tier Tribunal. Service charges have a big effect on net yield and sale price. Fraser Bond manages and lets flats at St George Wharf and factors these costs into valuations.
| What it typically covers | Notes |
|---|---|
| Concierge and security | A major cost in managed developments |
| Cleaning and communal areas | Lobbies, corridors, landscaping |
| Repairs and maintenance | Lifts, plant and common parts |
| Building insurance | Usually arranged by the landlord or manager |
| Reserve fund | Saving for major works |
Typical service charge items
Effect of service charge on your yield
Gross yield–
Yield after service charge–
Use your actual service charge budget.
If you think charges are too high
1
Request informationAsk for the summary of costs and invoices.
2
CompareCheck against previous years and the budget.
3
Raise itWrite to the managing agent.
4
Get supportTalk to the residents' association.
5
TribunalYou can apply to the First-tier Tribunal (Property Chamber).
Own a flat at St George Wharf?
- Rental valuation that accounts for service charges
- Full management
- Sales valuation
- Liaison with the estate team
Frequently asked questions
Why are service charges high in managed developments?
Concierge, security and shared facilities cost more to run.
Can I challenge my service charge?
Yes, if it's unreasonable, at the First-tier Tribunal.
Can Fraser Bond manage my flat?
Yes.
Own a flat at St George Wharf?
Get a valuation that reflects real net returns.
Get a free valuationSpeak to our team
