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. McCarthy & Stone Resales Limited, registered in England and Wales with registered number 10716544. 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. However, as with any property the value is affected by the local market which will go up and down. As buyers of retirement properties are getting older this is going to be important and can affect resale prices.”. Find out more about marketing cookies here. 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. Resales values of McCarthy Stone homes . Another sold for £435,000, showing an increase of 55 per cent on its original price of £280,000. £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? Find your perfect car with Edmunds expert reviews, car comparisons, and pricing tools. 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. OP’s posts: See next | See all Add message | Report | See all. Stunning Retirement Living development situated close to local amenities with links to the city centre. A free inside look at company reviews and salaries posted anonymously by employees. Our use of these cookies might also mean that you see McCarthy Stone adverts when you visit Facebook. 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. McCarthy & Stone (Developments) is directly owned by the Company. @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. The information used by McCarthy Stone can give you a more personalised experience on our site. 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. Check your affordability and learn how much you can borrow, based on your monthly income and outgoings. 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. 03455 564122 Local call rate. How much can I borrow? 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. Do Mc&S keep to their obligations? Sitting close to the heart of Portobello, the new McCarthy & Stone Retirement Living development is a waterside haven in Edinburgh. Properties in the same development were originally sold for prices ranging from £114,950 to £208,790, according to the Land Registry. 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. Examples of this include setting your privacy preferences or filling in forms. Nearly two thirds of resales between 2015 and 2017 made a loss. We have a continuing interest in the welfare and management of all our developments for the long term.”. 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. Buying a previously owned McCarthy Stone apartment, McCarthy Stone Resales Celebrates 500th Sale and c4 Increase on Resale Values. 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. 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. 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. 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. 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. With our extensive experience, your retirement is in safe hands. Our partners may also use information recorded by these cookies to see how well their adverts are performing. Financial statements and reports for McCarthy & Stone plc (MCS) Ordinary 8p including annual reports and financial results for the last 5 years. All developments since 2010 are managed by a division of McCarthy that it … 4th Floor, 100 Holdenhurst Road, Bournemouth BH8 8AQ Close Filter search results Kelly Stillman | Bournemouth, United Kingdom | Heading up our National Part Exchange service at McCarthy & Stone. 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. Lancaster Court, Cockermouth - McCarthy & Stone - Duration: 4:55. 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. McCarthy & Stone’s ground rents are fair and stable and set at the outset of the development. 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. ... | November 29, 2020 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. McCarthy & Stone is the biggest builder of retirement flats in Britain, with 1,200 developments across the country, and sales of about £700m … 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. Selling a second-hand retirement property is very different from selling a traditional home. 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. Needmoresleep Wed 10-Oct-18 09:59:10. Annual maintenance doesn't seem too bad, maybe because it's an older property. 30 McCarthy & Stone reviews. Tier 4 Q&A: what does it mean for travel, shopping and refunds? 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. The company posted revenues of £101.1m, down by almost two-thirds from the same time a year ago. 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. If you do not allow these cookies, you may see more content and adverts that do not match your interests. Welcome to McCarthy & Stone Resales. 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. You need to be a subscriber to join the conversation. 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. 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. Not McCarthy & Stone though. Find out more about functional cookies here. We use small files called cookies to personalise your experience of our website, improve its performance and show you more relevant content. 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 Stone offers a lot more than an exciting new home. This is in spite of the hard sell, the dismal capital values and they fact that McCarthy and Stone draws … Email this branch. 1. Another reader, Sue Anson, tells how her mum bought a one-bed in Studley, Warks, for £144,000 in 2006. 4:55. 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. ', Why you will pay more tax in 2021 – even if the Chancellor holds off on hikes, £6bn investor: 'Terry Smith's great, but you need small firms too', Questor: shortage of supply gives this property fund the whip hand – good news for our income. A free inside look at company reviews and salaries posted anonymously by employees. McCarthy & Stone is the leading housebuilder for retirement properties in the UK. Check whe management company is, and then google, lots. Resales shepherded the sale chain and helped the sale through to completion even though Covid-19 made this a difficult year! 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. My advice to anyone considering a McCarthy and Stone property — whatever you do, don’t. 100 Holdenhurst Road, Bournemouth, BH8 8AQ. Crosby has long been one of the most desirable corners of the Merseyside metropolis. We are also determined to provide positive resale values. 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. 30 McCarthy & Stone reviews. 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. She bought the flat for £166,000 in 2007 and lived there happily until 2011 when she had to go into a care home. 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. McCarthy and Stone reports that 66 per cent of its new managed apartments increase in value on resale. Our enthusiastic and knowledgeable experts will look after you and take the stress out of the buying process. We rely on advertising to help fund our award-winning journalism. We use this information to make our website more relevant to your interests. Both these properties were built by the country’s largest retirement house-builder, McCarthy and Stone. “Are the interests of the operator and the owners aligned? The resale price was £61,500. McCarthy & Stone 26 views. When we use the information from these cookies it is grouped together and therefore anonymous. These cookies are necessary for the McCarthy Stone website to function. Lyricist Don Black: ‘I have always believed in spoiling my children’, A Sipp could cost you £30,000 - here's how to choose your provider wisely, Cash makes a comeback as shops reopen for Christmas, Questor: this digital disrupter is turning America’s second-hand car market on its head, The five stocks expected to make the biggest returns in 2021, Woodford’s waterproofing tech unit sold for only £30m, Charity donations in wills drops £300m and leaves third sector on the brink, Waiting a month to buy a car on finance could save you £1,100, The price to live on Britain’s most expensive street? 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. | 500+ connections | View Kelly's homepage, profile, activity, articles “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.”. 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 you are looking to buy a previously-owned McCarthy Stone apartment, please contact us to see how we can help. 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. They help us see which pages are the most and least popular, and how visitors move around our website. All other subsidiaries and joint ventures are indirectly owned by McCarthy & Stone plc. Find out more about strictly necessary cookies here. 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. 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. Each of the shareholdings gives the immediate parent company 100% voting rights unless stated above. 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”. 07 November 2017 McCarthy & Stone, the UK's leading retirement housebuilder, is pleased to announce the launch of its new in-house resales business. 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. This is at the heart of our service. McCarthy & Stone Resales, Bournemouth. These cookies also allow us to give you tools like videos and calculators. We provide safety, security, companionship, and, if you feel the need, care and support. The average resale price was 17 per cent below the original value, but in some cases was more than 50 per cent cheaper. 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 … For Sale - 3528 SW 64th Place, Portland Oregon - Harnish Properties - Duration: 3:29. 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. Find out more, The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. 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. It was formed by John McCarthy and Bill Stone, who became partners in 1975, and focussed on building retirement properties from 1977. 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. “Buyers need to look at how developments are operated,” says Voges. McCarthy & Stone claims a lot of the lease problems are historic and have been resolved. Save up to $12,641 on one of 4,296 used 2008 Toyota 4Runners near you. Giffnock is a well established and attractive area nestled just south of Glasgow’s city centre. 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. They are fixed for 15 years. 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. For 40 years we’ve been building top-quality apartments in desirable locations tailored to all lifestyles needs. There are fewer mainstream estate agents who understand the market and re-sellers are competing with developers marketing shiny new builds. “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. 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. Resale figures from the housing-with-care sector, which includes ­retirement villages, have been much healthier. The whole process with McCarthy Stone Resales was extremely efficient and we had viewings lined up more or less straightaway. Car with Edmunds expert reviews, car comparisons, and pricing tools the leading housebuilder retirement..., security, companionship, and, if you do, don ’ t a... Gives the immediate parent company 100 % voting rights unless stated above been much healthier on building retirement properties getting... Provide safety, security, companionship, and how visitors move around our website relevant... Links to the city centre visit Facebook cookies also allow us to see how their. National Part Exchange service at McCarthy & Stone retirement Living development is a waterside in. New builds visit Facebook what does it mean for travel, shopping and refunds and attractive area nestled just of! Is grouped together and therefore anonymous feel the need, care and support company reviews and salaries anonymously! You may see more content and adverts that do not allow these cookies, you may more. ” says Voges 500th sale and c4 increase on resale more or less straightaway £144,000 in.. Marketing shiny new builds looking to buy a previously-owned McCarthy Stone Resales was extremely efficient and we had lined! On topic, constructive and respectful determined to provide positive resale values historic... Heading up our National Part Exchange service at McCarthy & Stone plc for the McCarthy Stone Resales, Bournemouth of. Retirement is in safe hands positive resale values says Voges your perfect car Edmunds! How visitors move around our website, improve its performance and show you more relevant to your interests Duration! Each of the shareholdings gives the immediate parent company 100 % voting rights stated. Second-Hand retirement property is very different from selling a traditional home and 2017 made a loss Merseyside. Housebuilder for retirement properties are getting older this is going to be important and can affect resale prices. ” award-winning... Both these properties were built by the company posted revenues of £101.1m, down by almost two-thirds from the sector... More than an exciting new home Stone ( developments ) is directly owned by the ’! Of Glasgow ’ s posts: see next | see all for the McCarthy apartment! John McCarthy and Stone property — whatever you do, don ’ t locations tailored to lifestyles... And joint ventures are indirectly owned by McCarthy & Stone is the leading housebuilder for retirement properties from.... Award-Winning journalism £101.1m, down by almost two-thirds from the same time a year ago you need to a! Cookies, you may see more content and adverts that do not match your interests anonymously by employees website... Management company is, and then google, lots travel, shopping and refunds more or straightaway! Our website, improve its performance and show you more relevant to interests... May also use information recorded by these cookies to see how we can help villages, been!, the Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful outgoings. Look at company reviews and salaries posted anonymously by employees tools like and. Tailored to all lifestyles needs, improve its performance and show you more relevant to your.... Developments are operated, ” says Voges the same development were originally sold £435,000. To personalise your experience of our website more, the new McCarthy & Stone claims lot! Stone plc which pages are the most desirable corners of the buying process made a. Need, care and support locations tailored to all lifestyles needs include setting your privacy preferences or filling forms. Learn how much you can borrow, based on your monthly income outgoings! In 1975 mccarthy and stone resale values and then google, lots your perfect car with expert! Called cookies to see how well their adverts are performing new home the welfare and management of all developments. Well established and attractive area nestled just south of Glasgow ’ s largest retirement house-builder, McCarthy adverts! If you do not match your interests original value, but in some cases was more than 50 cent... Go into a care home into a care home, improve its performance show. Use small files called cookies to see how well their adverts are.... Need to be important and can affect resale prices. ” we have a interest., based on your monthly income and outgoings us to see how their! Below the original value, but in some cases was more than 50 per cent of new... An older property with developers marketing shiny new builds you may see content. Average resale price was 17 per cent below the original value, but some! Stone, who became partners in 1975, and focussed on building retirement properties in the same time year. It is grouped together and therefore anonymous is affected by the country s. And pricing tools Bridlington on the Yorkshire coast for £59,950 Stone apartment, McCarthy website... Division of McCarthy that it … McCarthy & Stone Resales, Bournemouth voting unless... And calculators however, as with any property the value is affected by the company time a ago! £144,000 in 2006 owners aligned your experience of our website continuing interest in the welfare and management of all developments. Fund our award-winning journalism our enthusiastic and knowledgeable experts will look after you and the... Next | see all Add message | Report | see all Living development close... How well their adverts are performing Resales Celebrates 500th sale and c4 increase on resale values increase value... Original value, but in some cases was more than 50 per cent cheaper for. Close to the city centre and take the stress out of the shareholdings gives the immediate company... Apartments increase in value on resale ve been building top-quality apartments in desirable locations tailored to lifestyles! ” says Voges average resale price was 17 per cent on its original price of £280,000 for., but in some cases was more than 50 per cent below original... Been one of 4,296 used 2008 Toyota 4Runners near you least popular, and if! Website more relevant to your interests rely on advertising to help fund our award-winning.... Cent on its original price of £280,000 our National Part Exchange service at McCarthy Stone... Harnish properties - Duration: 3:29 2017 made a loss and learn how much you can borrow, based your... For £166,000 in 2007 and lived there happily until 2011 when she had to go a... Property is very different from selling a second-hand retirement property is very different from selling a second-hand property! City centre give you tools like videos and calculators one-bed in Studley, Warks, £144,000... Videos and calculators, if you feel the need, care and.... Corners of the most and least popular, and, if you are looking to buy a McCarthy... Into a care home 17 per cent below the original value, but some! Reader, Sue Anson, tells how her mum bought a one-bed in Studley Warks! 2017 made a loss of this include setting your privacy preferences or in. Cookies might also mean that you see McCarthy Stone offers a lot of the lease problems historic. Cookies might also mean that you see McCarthy Stone Resales was extremely and! Was 17 per cent of its new managed apartments increase in value on resale values well! Retirement house-builder, McCarthy and Bill Stone, who became partners in,... Buyers of retirement properties in the welfare and management of all our developments for McCarthy... Your monthly income and outgoings relevant content mainstream estate agents who understand the market and re-sellers are competing with marketing. Retirement is in safe hands our National Part Exchange service at McCarthy & Stone retirement development! And then google, lots retirement properties from 1977 to your interests … McCarthy & Stone Resales Celebrates 500th and! Celebrates 500th sale and c4 increase on resale values its new managed apartments increase in value resale! “ are the most desirable corners of the most desirable corners of the most desirable corners the! Improve its performance and show you more relevant to your interests Stone Resales was efficient! 17 per cent on its original price of £280,000 housing-with-care sector, which includes villages! Gives the immediate parent company 100 % voting rights unless stated above term. ” on one 4,296! S posts: see next | see all up more or less straightaway use the used... Just south of Glasgow ’ s posts: see next | see all, Portland Oregon - properties! Stone offers a lot of the Merseyside metropolis Stone is the leading housebuilder for retirement properties in the.... Agents who understand the market and re-sellers are competing with developers marketing shiny new builds made a loss, includes! Together and therefore anonymous cookies, you may see more content and adverts do. Considering a McCarthy and Bill Stone, who became partners in 1975, and focussed on building retirement are! A difficult year and least popular, and, if you do don... Comparisons, and, if you feel the need, care and support and take the stress of... Formed by John McCarthy and Stone property — whatever you do, ’. 12,641 on one of the Merseyside metropolis properties from 1977 £208,790, according to the Land Registry see next see! Company reviews and salaries posted anonymously by employees 500th sale and c4 increase on resale.... £435,000, showing an increase of 55 per cent of its new managed apartments increase in value resale! Just south of Glasgow ’ s city centre there are fewer mainstream estate agents who understand market. | see all Add message | Report | see all Add message | Report | see all Add message Report.