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Be cautious about buying McCarthy and Stone!
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silvercar said:M & S are aiming at the top end of the market. Generally people who are downsizing from high end homes and want top notch in their retirement home. Therefore they are attracted to new modern properties that attract a premium. The family then balk at the loss on resale. Buying second hand is probably a safer bet, but no one of age wants the hassle of modernising their retirement home.
Audley Inglewood Retirement Village - Kintbury | Audley Villages0 -
Albermarle said:silvercar said:M & S are aiming at the top end of the market. Generally people who are downsizing from high end homes and want top notch in their retirement home. Therefore they are attracted to new modern properties that attract a premium. The family then balk at the loss on resale. Buying second hand is probably a safer bet, but no one of age wants the hassle of modernising their retirement home.
Audley Inglewood Retirement Village - Kintbury | Audley Villages
I wonder how Audley cope when residents become yonderly and start needing carers 4 times daily and go a-wandering in the middle of the night?0 -
Flugelhorn said:Albermarle said:silvercar said:M & S are aiming at the top end of the market. Generally people who are downsizing from high end homes and want top notch in their retirement home. Therefore they are attracted to new modern properties that attract a premium. The family then balk at the loss on resale. Buying second hand is probably a safer bet, but no one of age wants the hassle of modernising their retirement home.
Audley Inglewood Retirement Village - Kintbury | Audley Villages
I wonder how Audley cope when residents become yonderly and start needing carers 4 times daily and go a-wandering in the middle of the night?
I presume if they get too bad, they will have to be moved to an actual care home.1 -
Albermarle said:silvercar said:M & S are aiming at the top end of the market. Generally people who are downsizing from high end homes and want top notch in their retirement home. Therefore they are attracted to new modern properties that attract a premium. The family then balk at the loss on resale. Buying second hand is probably a safer bet, but no one of age wants the hassle of modernising their retirement home.
Audley Inglewood Retirement Village - Kintbury | Audley Villages
I know someone who lives there!
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This must be at the top o the top end, some flats have service charges of £1800 per month
https://www.retirementvillages.co.uk/our-villages/thamesfield/?infinity=ict2~net~gaw~cmp~22656232548~ag~179498754863~ar~757507561813~kw~thamesfield retirement village~mt~b~acr~1027228486&infinity=ict2~net~gaw~ar~757507561813~kw~thamesfield retirement village~mt~b~cmp~22656232548~ag~179498754863&utm_term=thamesfield retirement village&utm_campaign=RV+|+Thamesfield+|+GEO&utm_source=adwords&utm_medium=ppc&hsa_acc=1027228486&hsa_cam=22656232548&hsa_grp=179498754863&hsa_ad=757507561813&hsa_src=g&hsa_tgt=kwd-2423443560222&hsa_kw=thamesfield retirement village&hsa_mt=b&hsa_net=adwords&hsa_ver=3&gad_source=1&gad_campaignid=22656232548&gbraid=0AAAAAD7zK9u_AUGmR379K6lwhgawiey3v&gclid=EAIaIQobChMIxebq7pnujQMVUJpQBh0A0x6yEAAYASAAEgLm1vD_BwE
some of the flats has service charges of ££1800 per monthYou never know how far you can go until you go too far.0 -
Albermarle said:Also in our area at least, many of the new property developments are aimed at the older market . So plentiful supply of new properties inevitably depresses the second hand market.
I think we have all read about the concerns re McCarthy Stone type homes so was wondering what homes aimed at the older market have been built near you/in your area?
Edited to add: I really do think there needs to be more suitable homes for people as they get older and greater choice. Not everybody wishes to live in a McCarthy Stone home or in an Audley Village (and many can't afford the service charges) but we do need to consider homes that are suitable for people as they get older.
I know some people don't wish to downsize or move and that's fine but many older people do and they unfortunately lack a choice of suitable accommodation so it's good to hear of property developments aimed at the older market are being built in your area and very interested to hear if these come without sky high service charges.
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I'm genuinely interested to hear what type of property developments have been built near you e.g. bungalows, flats, McCarthy Stone/Audley village type schemes or perhaps even multi-generational communities but including some smaller sized homes for older people?
Everything apart from new bungalows, or new houses.
There is a large Audley complex in the area, opened about 3 years ago.
There is a smaller complex as part of a more general housing development, opened 12 months ago.
There is a large new upmarket retirement complex currently under construction.
Numerous blocks of apartments, some as a community, some as more separate.
In general it is quite a prosperous area with highish house prices, so I imagine the developers are all hungry to see some of that property equity coming their way, as people downsize.2 -
I'm genuinely interested to hear what type of property developments have been built near you e.g. bungalows, flats, McCarthy Stone/Audley village type schemes or perhaps even multi-generational communities but including some smaller sized homes for older people?
Everything apart from new bungalows, or new houses.
There is a large Audley complex in the area, opened about 3 years ago.
There is a smaller complex as part of a more general housing development, opened 12 months ago.
There is a large new upmarket retirement complex currently under construction.
Numerous blocks of apartments, some as a community, some as more separate.
In general it is quite a prosperous area with highish house prices, so I imagine the developers are all hungry to see some of that property equity coming their way, as people downsize.
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Thank you very much @Albermarle this is really interesting and great to hear.
When you refer to the smaller complex which is part of a more general housing development would you mind kindly elaborating on this.
Personally, I think England lacks suitable homes in the mid-market range for older people (i.e. can't afford the Audley Village type place but don't qualify for social or affordable housing) and interested to hear if the smaller complex is available on the open market and any further details you could kindly share, e.g. are these flats, smaller houses, etc.
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It is more of a smaller Audley type retirement village, but rather than being completely isolated it is in one ( large ) corner of a more general new housing development, which is mainly 3 and 4 bed semis and detached.
The apartments in the retirement village are £600 to £700K for 2 beds;2 bathrooms; 100 M2 + service charges of course.
The houses on the estate go from £0.5M to £1M1 -
As with hospices. These establishments are people intensive. On call 24 wardens for example cost money. Last year's budget ramped up the cost of employing people significantly. Just another unintended consequence of the policy.1
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