Cottage at Fairleads Retirement Village is a beautifully maintained 131m² two-bedroom home designed for comfortable and independent retirement living. Situated within a peaceful and secure village environment, this Life Rights cottage combines spacious interiors with practical everyday convenience.
The cottage features a welcoming living and dining area, separate kitchen, north-facing patio, and an additional room that can easily be converted into a study or hobby space. Surrounded by landscaped gardens and supported by 24-hour security, residents enjoy both privacy and peace of mind within a warm and community-focused environment.
Fairleads also offers access to a variety of lifestyle and wellness services, including a clubhouse, library, clinic support, entertainment activities, and optional care services when required.
Most Life Rights models include a retention when a unit is vacated, but how that retention is structured is what really matters. At Methodist Homes, our Life Rights repayment model is designed to be fair, transparent, and time-based, rather than vague or heavily weighted upfront. MHA uses a pro-rated sliding scale of 10% per year of occupation, up to a maximum of 50% after 5 years. What this means: Year 1 → 10% retention Year 2 → 20% retention Year 3 → 30% retention Year 4 → 40% retention Year 5+ → capped at 50% retention MHA doesn’t just calculate annually, our model also works monthly. An additional 0.833% per month is applied, meaning If someone occupies a unit for 2 years and 4 months, the retention would be approximately 23.33%
Levies at Methodist Homes, specifically in Life Rights Retirement Villages and independent-style rental units are designed to cover the day-to-day running and support services of the village, but excludes electricity, water and municipal rates.
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