Within 26 days from instructing McCarthy Stone Resales we had agreed a fair sale price on the property, At every stage of the process they have been knowledgeable, courteous and the support they’ve given me has gone well beyond the selling process. It ­argues that the value of living in retirement housing is more than simply financial and says that the EAC data does not consider the incentives it provides buyers, which can total 10 to 20 per cent of the Land Registry price. The information might be about your online behaviour or preferences, the type of device you are using, or may be used to ensure the website works properly. OP’s posts: See next | See all Add message | Report | See all. The resale price was £61,500. 1. If you’d like to sell your McCarthy Stone property call: When you buy one of our previously owned retirement apartments, not only will you get a home designed and built by a 5-star housebuilder, but you’ll also get a dedicated team of property consultants to assist you every step of the way. To find our more about Resales, call us on, Find your dream home with McCarthy Stone Resales, Discover what retirement living has to offer at our upcoming open events, Book your free no obligation market appraisals today. 30 McCarthy & Stone reviews. “Are the interests of the operator and the owners aligned? We provide safety, security, companionship, and, if you feel the need, care and support. Retirement home developer McCarthy & Stone fell to a loss over the six months to the end of April, and said the financial impact of the Covid-19 crisis is likely to be felt even more acutely during the second half of the year. Though these cookies cannot be switched off, you can set your browser to block or alert you about them, but please be aware that this will stop some parts of the website from functioning as intended. According to the Elderly Accommodation Counsel (EAC), which helps people make informed choices about housing in later life, half of new retirement homes sold during a 10-year period were later resold at a loss. Find out more, The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. For 40 years we’ve been building top-quality apartments in desirable locations tailored to all lifestyles needs. They are fixed for 15 years. McCarthy & Stone Resales - Steve Grist & Carol in Falmouth We have been involved in moving my mum down to Falmouth Cornwall after the death of her partner and I contacted McCarthy & Stone Resales to view a flat in Trelawney House, the most recent McCarthy & Stone venture in the town. But he acknowledges that providers need to stay involved with their developments to ensure the best resale prices can be achieved for owners: “We have our own management company dedicated to ensuring all our developments are maintained to the highest possible standard. Crosby has long been one of the most desirable corners of the Merseyside metropolis. 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. We use small files called cookies to personalise your experience of our website, improve its performance and show you more relevant content. Properties in the same development were originally sold for prices ranging from £114,950 to £208,790, according to the Land Registry. It was formed by John McCarthy and Bill Stone, who became partners in 1975, and focussed on building retirement properties from 1977. “If there is no incentive for the builder to boost the resale value of their properties then they won’t,” says Michael Voges, chief executive of the Associated Retirement Community Operators (ARCO), which has 31 members that represent the housing-with-care sector. 30 McCarthy & Stone reviews. 4th Floor, 100 Holdenhurst Road, Bournemouth BH8 8AQ Close Filter search results As buyers of retirement properties are getting older this is going to be important and can affect resale prices.”. Examples of this include setting your privacy preferences or filling in forms. The average resale price was 17 per cent below the original value, but in some cases was more than 50 per cent cheaper. One flat purchased new in 2006 for £166,000 was resold for just £70,000 in 2014; another bought for £124,950 in 2009 was resold for just £36,000 in 2016. McCarthy & Stone Resales Limited, registered in England and Wales with registered number 10716544. Lancaster Court, Cockermouth - McCarthy & Stone - Duration: 4:55. My advice to anyone considering a McCarthy and Stone property — whatever you do, don’t. If you are looking to buy a previously-owned McCarthy Stone apartment, please contact us to see how we can help. While this is good news for those looking for a cheap flat, it is not encouraging for people hoping to buy a brand new one. The Times today suggests that families have lost £3 billion on the resale of leasehold retirement flats between 2001 and 2015 in a series of articles that add up to a devastating investigation of the sector. McCarthy Stone Resales Celebrates 500th Sale and c4 Increase on Resale Values; Testimonial - Mrs Richardson; Testimonial - Mrs Conway; Testimonial - Ms Patterson; Testimonial - Mr Saunders ; Testimonial - Mrs Pye; Buying a previously owned McCarthy Stone apartment. McCarthy & Stone is the leading housebuilder for retirement properties in the UK. “Buyers need to look at how developments are operated,” says Voges. These cookies record your visit to our website, the individual pages you visit, the links you follow and the type of device you use. McCarthy and Stone reports that 66 per cent of its new managed apartments increase in value on resale. 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. Tier 4 Q&A: what does it mean for travel, shopping and refunds? Annual maintenance doesn't seem too bad, maybe because it's an older property. McCarthy and Stone has profited the most from the retirement leasehold racket and yet has curiously not been the focal point of most of the opprobrium. Anchor, a not-for-profit provider of retirement housing and care (and member of ARCO), reports that resales of its village properties are “faring well in the local market”. Currently on the resale market is a two-bedroom McCarthy and Stone apartment in Burlington Court in Bridlington on the Yorkshire coast for £59,950. Giffnock is a well established and attractive area nestled just south of Glasgow’s city centre. “Some make all their profit upfront while other operators stagger them with event fees coming at the end, which gives them an incentive to ensure the property value increases.”. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. 4:55. Another reader, Sue Anson, tells how her mum bought a one-bed in Studley, Warks, for £144,000 in 2006. We also offer a set of services aimed to ease the buying process, including free entitlements advice, part exchange services and select removal and legal packages. It reported a fall in value of £164,188 of a McCarthy and Stone flat at Risingholme Court, in Heathfield, East Sussex, from its original purchase price of £225,688 in April 2008. Find your perfect car with Edmunds expert reviews, car comparisons, and pricing tools. Read our community guidelines in full, A resale one bedroom flat in Hampshire Lakes is £250,000 through Anchor, Michael Voges, chief executive of the Associated Retirement Community Operators, Retirement homes | A checklist for buyers. This is at the heart of our service. Not McCarthy & Stone though. We rely on advertising to help fund our award-winning journalism. Do Mc&S keep to their obligations? McCarthy & Stone (Developments) is directly owned by the Company. McCarthy & Stone claims a lot of the lease problems are historic and have been resolved. Both these properties were built by the country’s largest retirement house-builder, McCarthy and Stone. Our partners may also use information recorded by these cookies to see how well their adverts are performing. McCarthy & Stone’s ground rents are fair and stable and set at the outset of the development. McCarthy & Stone Resales, Bournemouth. Sitting close to the heart of Portobello, the new McCarthy & Stone Retirement Living development is a waterside haven in Edinburgh. Around 70% of the company’s apartments built and resold in the last five years increased in value on resale, and we're here to support our customers every step of … Our use of these cookies might also mean that you see McCarthy Stone adverts when you visit Facebook. McCarthy & Stone Resales - Steve Grist & Carol in Falmouth We have been involved in moving my mum down to Falmouth Cornwall after the death of her partner and I contacted McCarthy & Stone Resales to view a flat in Trelawney House, the most recent McCarthy & Stone venture in the town. If you do not allow these cookies, you may see more content and adverts that do not match your interests. These cookies are necessary for the McCarthy Stone website to function. A free inside look at company reviews and salaries posted anonymously by employees. Check your affordability and learn how much you can borrow, based on your monthly income and outgoings. How much can I borrow? Spencer McCarthy, chief executive of Churchill Retirement, the second biggest provider of traditional retirement homes, points out that owners’ next of kin can often be in a hurry to achieve a sale and will go with the quickest option rather than hold out for the best price – which weighs on resale prices overall. Stunning Retirement Living development situated close to local amenities with links to the city centre. Needmoresleep Wed 10-Oct-18 09:59:10. We use this information to make our website more relevant to your interests. Find out more about strictly necessary cookies here. Financial statements and reports for McCarthy & Stone plc (MCS) Ordinary 8p including annual reports and financial results for the last 5 years. Each of the shareholdings gives the immediate parent company 100% voting rights unless stated above. With our extensive experience, your retirement is in safe hands. Jones Lang LaSalle, the investment management company, reported that housing-with-care properties made an average of six per cent profit a year, in line with house price inflation, and that 80 per cent of sales since 1995 had seen an increase in price. McCarthy & Stone is the biggest builder of retirement flats in Britain, with 1,200 developments across the country, and sales of about £700m … She bought the flat for £166,000 in 2007 and lived there happily until 2011 when she had to go into a care home. Another sold for £435,000, showing an increase of 55 per cent on its original price of £280,000. 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These properties ­differ from the traditional ­retirement model, as they offer on-site care and restaurants, and can also include swimming pools, libraries and gyms. The bid values McCarthy & Stone at £1.15 a share, a premium of 39 per cent to Thursday’s closing price of 83p, but still well below pre-pandemic levels. Find out more about functional cookies here. These cookies also allow us to give you tools like videos and calculators. McCarthy & Stone was rocked by the Covid-19 outbreak suffering a £91m pre-tax loss in the first half of the year with revenue plunging to just £101m. Just 3 miles east of Edinburgh's city centre, Portobello is a historical seaside town with a large sandy beach and a busy, lively promenade filled with shops and restaurants. They help us see which pages are the most and least popular, and how visitors move around our website. A free inside look at company reviews and salaries posted anonymously by employees. The information used by McCarthy Stone can give you a more personalised experience on our site. Resales values of McCarthy Stone homes . Its analysis of thousands of Land Registry records found that 51 per cent of retirement homes built and sold between 2000 and 2010, and resold between 2006 and 2016, dropped in value. However, as with any property the value is affected by the local market which will go up and down. Resales shepherded the sale chain and helped the sale through to completion even though Covid-19 made this a difficult year! The developer, which has just launched an in-house resales department, also says that it has made significant improvements to the quality of its properties and services over the past five years, which has helped boost its resale values. He also has a job on his hands maintaining trust in the industry that has faced criticism over service charges, ground rents and low resale values. This is in spite of the hard sell, the dismal capital values and they fact that McCarthy and Stone draws … | 500+ connections | View Kelly's homepage, profile, activity, articles The family chose McCarthy and Stone Resales to handle the sale of the apartment and they proved very efficient and could handle all the details that were needed to answer buyer questions. 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. Resale figures from the housing-with-care sector, which includes ­retirement villages, have been much healthier. Find out more about marketing cookies here. Welcome to McCarthy & Stone Resales. 03455 564122 Local call rate. 07 November 2017 McCarthy & Stone, the UK's leading retirement housebuilder, is pleased to announce the launch of its new in-house resales business. 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. These cookies allow us to understand how people use our website and where they came from, so that we can measure and improve the performance of our website, as well as to remember your preferences. 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. The great thing about it though was that the House Manager, took care of all of these so I didn’t need to be there. @Floradora9 - McCarthy & Stone have asked us to pass on the following: “While the value of retirement housing is more than simply financial, the majority of our properties sell for more than they were bought for. All other subsidiaries and joint ventures are indirectly owned by McCarthy & Stone plc. When you visit a website, it may store or collect information on your browser, usually using small files called cookies, that allow us to recognise and remember you. 100 Holdenhurst Road, Bournemouth, BH8 8AQ. Nearly two thirds of resales between 2015 and 2017 made a loss. When we use the information from these cookies it is grouped together and therefore anonymous. For Sale - 3528 SW 64th Place, Portland Oregon - Harnish Properties - Duration: 3:29. Save up to $12,641 on one of 4,296 used 2008 Toyota 4Runners near you. The whole process with McCarthy Stone Resales was extremely efficient and we had viewings lined up more or less straightaway. McCarthy & Stone 26 views. We have a continuing interest in the welfare and management of all our developments for the long term.”. McCarthy Stone offers a lot more than an exciting new home. Selling a second-hand retirement property is very different from selling a traditional home. Buying a previously owned McCarthy Stone apartment, McCarthy Stone Resales Celebrates 500th Sale and c4 Increase on Resale Values. Our enthusiastic and knowledgeable experts will look after you and take the stress out of the buying process. Check whe management company is, and then google, lots. A two-bedroom property built in 2006 at Anchor’s Denham Garden Village in Buckinghamshire was resold last year for £520,000, up 76 per cent on its original selling piece of £295,000. £30.5m, Cladding victims face 40pc loss as they're forced to sell homes for cash, 'I can give my grandchild a house deposit': why investments trusts are the ultimate Christmas gift, Action needed to avert another LCF-style disaster, City watchdog warned, Telegraph consumer champion Katie Morley wins back £3m for readers, 'How do I spruce up my pre-fab holiday home on a budget? We are also determined to provide positive resale values. Email this branch. Kelly Stillman | Bournemouth, United Kingdom | Heading up our National Part Exchange service at McCarthy & Stone. Currently on the resale market is a two-bedroom McCarthy and Stone apartment in Burlington Court in Bridlington on the Yorkshire coast for £59,950. If there is little in the way of support and care services, you may not be able to continue to live in your new home if your needs change. There are fewer mainstream estate agents who understand the market and re-sellers are competing with developers marketing shiny new builds. The company posted revenues of £101.1m, down by almost two-thirds from the same time a year ago. Money Box on BBC Radio 4, 16 September 2017 featured the owner of a McCarthy and Stone flat in Bluestone Court in Street who has been unable to sell her flat for 3 years. Buying process grouped together and therefore anonymous mean for travel, shopping and?! The original value, but in some cases was more than 50 per cent of its managed! 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