Rita May Bailey, who is now deceased, bought the one-bedroom flat at Bridewell Court, in Widnes, Cheshire in February 2008, which has a registered price of £167,450. If you’d like to sell your McCarthy Stone property call: 0345 556 4126. This will limit the growth plans of the industry. Key dates for your diary. Without this additional income, we could not afford to provide these communal areas. Without this income stream, we will not be able to buy as many sites as we have been at a time when the sector should be expanding quickly to meet increasing demand. I understand that consent isn't a condition of purchase for any product or service and that I can opt out at any time. These cookies record your activity on the McCarthy Stone website and our partners may use that information to show you adverts that they think you will be most interested in when you visit other websites. Our fair and stable ground rents provide a one-off contribution of c.£600,000 on average per development. It seems to take ages to get things done in a reasonable time. Plus, your rent includes all of the development's service charges, Studio Way, Borehamwood, Hertfordshire, WD6, Enjoy all the benefits of a McCarthy & Stone retirement community at Goldwyn House with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). Plus, your rent includes all of the development's service charges, Filey Road, Scarborough, North Yorkshire, YO11, Enjoy all the benefits of a McCarthy & Stone retirement community at Sycamore Court with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). 1 reply 677 views thestens Forumite. 2nd floor McCarthy & Stone built retirement flat for the over 60's. Enjoy all the benefits of a McCarthy & Stone retirement community at Louis Arthur Court with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term) Plus, your rent includes all of the development's service charges. And it is worried about the long-term implications of the government’s undertaking to reform ground rents, setting them as low as zero. House prices. Profits are down more than 50 per cent for the first half of this year. Plus, your rent includes all of the development's service charges and ground rents, Ambleside Avenue, South Shields, Tyne And Wear, NE34, Enjoy all the benefits of a McCarthy & Stone retirement community at Seymour Court with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term).Plus, your rent includes all of the development's service charges and ground rents, View our security centre to find out more. Response to Covid-19. Finham Court in Kenilworth is a McCarthy & Stone managed development of 22 one and two bedroom Later Living apartments for those over the age of 60. Plus, your rent includes all of the development's service charges. Removing ground rent income from retirement communities will hit the sector hard. For many people, renting provides a quick, easy and flexible way to enjoy all the advantages of life in a beautiful McCarthy Stone apartment. 48 Houses to rent in Stone from £900 / month. The property benefits from a lift to all floors a superb shower room and... £130,000. Find: stone properties for rent at the best prices The information used by McCarthy Stone can give you a more personalised experience on our site. £1 million – the cost of building shared areas in Retirement Living developments. In October 2018, we were pleased that the Government proposed that the retirement communities sector would be granted an exemption to these changes. You can use this 'Manage settings' feature to switch on or off certain types of cookies, although some cookies are necessary for our site to work correctly. Request Details. Report. Up to 1 month‘s rent free (t&c‘s apply)show homes now opentuesday - saturday. When you move into a McCarthy & Stone property, you have the opportunity to embrace a new way of life and enjoy an enriched quality of life. The Government’s plans, including providing different payment options, remain proposals and are subject to the ongoing legislative process. This will be subject to various controls, including full explanations, no charges, independent legal advice and a complaint or redress mechanism. Inspire. McCarthy and Stone use a third party to buy your house and then – seemingly generously – top the figure up, and discount the flat you are buying by a small amount. 1 bed. Commercial. Homeowners' stories. : exclusively designed for the mature buyer, this stunning new mccarthy and stone development. * If you live in a Lifestyle Living development your service charge includes: When we use the information from these cookies it is grouped together and therefore anonymous. We couldn't find what you’re looking for right now. However, if you would like to, you can Plus, your rent includes all of the development's service charges, Oakhill Place, Bedford, Bedfordshire, MK41, Enjoy all the benefits of a McCarthy & Stone retirement community at Oakhill Place with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). change your cookie settings Plus, your rent includes all of the development's service charges and ground rent, Serpentine Road, Cleckheaton, West Yorkshire, BD19, Enjoy all the benefits of a McCarthy & Stone retirement community at Brooke Dene Court with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). If you do not allow these cookies we will not know when you have visited our website and will not be able to monitor its performance. If you’d like to sell your McCarthy Stone property call: Find out all you need to know about the Government's proposals to reform ground rents and how they help pay for the construction of shared areas in retirement communities. Our fair and stable ground rents provide a one-off contribution of c.£600,000 on average per development. Communal riverside garden and parking... £800 . With our extensive experience, your retirement is in safe hands. The information below explains why fair and stable ground rents are so important to our sector. The developer reported net reservation rates of seven per week across 70 developments. This is because the right to receive the ground rent is sold to investors when a development opens. We will be welcoming our first homeowners in the Summer of 2017. Ground rents in retirement properties have always been high – for no reason whatsoever as they are for no service. 1 br. What is somewhat surprising is that their market offer has hardly changed in all that time and is still essentially selling the same product. View property. Hello, my mum who is 91 has decided to stay in the care home where she is currently … This organisation has been the private sector market leader in retirement housing for many years. Buying ; Renting; Part buy, part rent; Moving made easier. We use them to help fund the construction costs of the large shared spaces that are integral to our developments. Plus, your rent includes all of the development's service charges, Hampton Lane, Solihull, West Midlands, B91, Enjoy all the benefits of a McCarthy & Stone retirement community at Linden Place with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). We believe there is a strong case for retirement communities to be exempt from the proposed reforms and to continue to charge fair and stable ground rents. They are tightly regulated by national legislation and must relate to the management services provided within the development, not the building costs. Some retirement village operators charge customers large exit fees, sometimes worth up to 30% of the property’s value. Report. Video Tour Two Bedroom Apartment. If you continue we'll assume that you are happy to receive our cookies. If you do not allow these cookies, you may see more content and adverts that do not match your interests. P. Property Wide 30+ days ago. As part of the exemption, the Government is proposing to provide older people with a choice of how to pay for their retirement property. The proposed reforms in December 2017 had an immediate impact on our business and reduced our ability to compete for new land. I was told that it was because the rental business was new to McCarthy & Stone and the information given was relevant to buying an apartment rather than rent. Since the announcement, companies building c.90% of owner-occupied retirement communities in England have requested an exemption from this change to recognise the fact that retirement communities do not use ground rents in the same way as mainstream housebuilders. For 40 years we’ve been building top-quality apartments in desirable locations tailored to all lifestyles needs. We are delighted to be able to offer a range of these outstanding unfurnished retirement apartments for rent in various locations across the UK. For some, it offers the chance to ‘try before you buy’. Properties; Services; Friendship and fun; Types of developments. Find out more about functional cookies here. It seemed that a lot of information given was actually incorrect. It will have a marked effect on McCarthy and Stone, according to an article in the Daily Telegraph. All countries Spain France Portugal Italy Greece Currency Sell Overseas property. This would severely impact affordability for our customers and result in the cost of our products being out of kilter with other properties, thereby significantly reducing our market. It was formed by John McCarthy and Bill Stone, who became partners in 1975, and focussed on building retirement properties from 1977. The retirement house builder McCarthy and Stone says that it is struggling, the newspapers are reporting. Do you want to get more information from McCarthy & Stone. Ground rents are not a windfall profit for us but an essential part of development viability as they help pay for the construction of these shared areas. Enjoy all the benefits of a McCarthy & Stone retirement community at Isabella House with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). A family selling a McCarthy and Stone retirement flat with a rip-off lease condition have been saved £25,000 after the case was taken up by LKP. Grange Road, East Sussex, TN22 TN22 1PU, Uckfield, Wealden, East Sussex, South East . Great places to live. 30 McCarthy & Stone reviews. Offered They have over 40 years’ experience in the industry and, during this time, they’ve built over 56,000 homes across 1,200 developments. It said the homes generate gross yields of 6-8%. Here’s what you can try to find more properties: We use cookies These purpose built retirement homes save you the hassle and stress of maintaining your home. McStone made four per cent of its revenues last year from ground rent sales. We remain engaged in discussions with Government and will respond in full to their latest consultation. What we offer . The benefits of retirement rentals. 16 December 2013 at 3:28PM edited 30 November -1 at 12:00AM in House Buying, Renting & Selling. The Telegraph says that over the last six months McCarthy and Stone has … This is because the right to receive the ground rent is sold to investors when a development opens. Request Brochure. Riverside McCarthy and Stone retirement apartment with balcony close to the heart of historic Arundel. McCarthy & Stone. Built for you. List Sort: 2 bedroom retirement property for sale. 16 December 2013 at 3:28PM edited 30 November -1 at 12:00AM in House Buying, Renting & Selling. This helps pay for the building of their communal areas. Why can't you increase your sale prices?Â, Why can't you add the lost income to the service charge?Â, Ground rents and their role in creating retirement communities, Download the Ground Rents briefing note (February 2020), Fixed for 15 years, longer than the average stay of our residents, Increases linked to inflation or two per cent per annum if higher, and compounded yearly, We remain as the landlord with all management responsibilities. P. Property Pigeon 2 days ago. Importantly, while we sell the freehold to an investor, we retain the head lease in all managed developments, and therefore remain as the landlord. By clicking "Accept all" you agree to our use of cookies or, you can click on the list items to find out more and manage your preferences. Shared areas in retirement communities account for c.30% of total floorspace, much more than mainstream flats. These areas are essential to the lifestyle that retirement communities provide and are the equivalent of 3-8 otherwise sell-able apartments. Moving stories Property blog Property advice Housing trends Overseas blog. 1 Bed Flat For Rent Queen Street Arundel BN18 9NZ, Arundel, Arun, West Sussex, South East . Find: stone properties for rent at the best prices Most McCarthy Stone developments offer properties with the option to buy or rent (or Part buy, part rent if you like) and you’ll be protected by an assured tenancy, which means we can’t ask you to leave unless you break the rules. McCarthy & Stone Rentals McCarthy & Stone is the UK’s leading developer and manager of retirement communities. Plus, your rent includes all of the development's service charges, Railway Road, Ilkley, West Yorkshire, LS29, Enjoy all the benefits of a McCarthy & Stone retirement community at Chesterton Court with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). Find the best offers for your search houses to rent flat mccarthy stone. Property to rent Student property to rent Where can I live. at any time. This means the freeholder has no contact with our residents and cannot change any of the terms of the lease. Mrs Bailey, … Find out more about marketing cookies here. Local area. FAQs. £135,000. to optimise your experience on our website. We are engaged in discussions with Government, which is reviewing the case we have put to them. For many people, renting provides a quick, easy and flexible way to enjoy all the advantages of life in a beautiful McCarthy Stone property. Another reader, Sue Anson, tells how her mum bought a one-bed in … We are happy to agree to this proposal as it puts the consumer in full control of how they wish to pay. Overseas. No changes are therefore planned to our ground rent terms until this process is concluded. Plus, your rent includes all of the development's service charges, London Road, St. Albans, Hertfordshire, AL1, Enjoy all the benefits of a McCarthy & Stone retirement community at Eleanor House with our assured, affordable and flexible tenancies, so you can rent your property for as long as you want (subject to a minimum term). Located on Waverley Road, in the heart of historic Kenilworth, the development is just 175 yards from the vibrant town centre. McCarthy & Stone set to raise £300m for rental strategy By Guy Montague-Jones 2019-11-07T09:13:00 McCarthy & Stone is looking to raise about £300m for a fund that will invest in its growing portfolio of rented retirement flats. Call: 01202 805 931. We would need to raise prices by c.£15-£18,000 per apartment to cover the costs of building the communal areas without ground rents. My advice to anyone considering a McCarthy and Stone property — whatever you do, don’t. Our customers would rather pay a small yearly charge (c.£400-£500) in ground rent, rather than a much larger cash payment up front. Each and every property is designed with one thing in mind – to make your life easier – and all our resale apartments are built to the highest standards. Commercial property to rent Commercial property for sale Advertise. All they have is the right to receive the ground rent. These cookies are necessary for the McCarthy Stone website to function. 233 posts. For a typical Retirement Living PLUS apartment (based on Chesterton Court in Ilkley), the service charge is £138.27 a week for a one-bedroom apartment and £184.31 a week for a two-bedroom apartment. Range of shops available, including national and independent retailers for right now that retirement communities will hit the hard... 83 % of the industry across 70 developments built retirement flat for the first house-builder move... December 2013 at 3:28PM edited 30 November -1 at 12:00AM in House Buying, Renting & Selling essentially Selling same. & c ‘ s apply ) show homes now opentuesday - saturday to this uncertainty and our! And reduced our ability to compete for new land and least popular, and how visitors around! 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