March 25, 2017

Archives for September 2016

Private Eye reports challenge to ‘scandal’ of lease extension values

Private Eye today published reports of the legal challenge to the “scandal” of lease extension valuations mounted by chartered surveyor James Wyatt. Wyatt, a former head of valuations at John D Wood, is urging the adoption of a more mathematically robust method to value short leases: that is leasehold properties, usually flats, that have less […]

Carlex is ‘slanted’ over retirement resale prices. The picture is more positive, says McCarthy and Stone

Statement from McCarthy & Stone The majority of properties managed by McCarthy & Stone have increased in value when resold (based on data relating to managed properties resold in 2016 to-date) and historical data suggests around a third of all our properties outperform their local market.  In addition, our newer properties are better-placed to retain […]

Healey Court wins right to manage on second attempt

By Les Thumwood After eight months, Healey Court, a retirement development of 67 apartments in Warwick, has extricated itself from the grips of FirstPort and opted for right to manage. With the backing of the vast majority of the residents, it has achieved right to manage with the help of Walton and Allan, of Nottingham, […]

The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’

The Times today (September 10 2016) reports the research by Carlex into re-sale values recorded on the Land Registry for retirement properties. The article, headed “Exit fees and poor resale values: the uncomfortable truth about retirement homes”, quotes Carlex / LKP patron Sir Peter Bottomley, who earlier this week established the All Party Parliamentary Group […]

Woman, 81, ‘sells retirement bungalow after being threatened with police by Healthcare Homes’

A woman in her eighties who was threatened with the police by Healthcare Homes was so upset by the incident that she has sold her retirement bungalow and moved out. Heather Moore, who is now 82, was a resident at Healthcare Homes’s Oaklands site, in Reydon, near Southwold in Suffolk. Mrs Moore believes that she […]

Abysmal retirement housing values revealed on the Land Registry

Carlex examines official re-sale prices for McCarthy and Stone, Churchill Retirement Living, Audley Retirement, Retirement Villages, Retirement Security, Anchor and Pegasus A dismal picture of retirement housing values on re-sales is revealed by Carlex from figures in the Land Registry. For years we have been saying that retirement property can be a most dubious residential […]