MoteHouse Peverel
competition winners
Grounds& gardens
14 16
18
TheGrade 11* listed Mote House datesfrom Georgian times
to remain independent and release income that wouldotherwise be locked
away.Nick believes themorethatcan be done to resolve this situation, thegreater thepotential to use theestimated£1trillionhousing equity held by over 60stofundahighquality lifestyle. “However,” he says,“unless olderpeople discusswiththeir families andtheir advisors howtheywanttoliveaswellasfundtheir retirement earlyontheywilldonothing until they face an acutesituation,suchasafall, before ending up with very thingtheyfear most –institutional care”.Headdsthatmany peopleassumethat care will be statefunded, whereinfactthemajority of peoplewillfund their own care due to the lowthresholds required for state funding. In response to this situation, Audley has
Thecompany wasfounded by CEONick
Sandersonin2000 to provide high quality accommodation designedfor olderpeople whichincludesaccesstoflexible on-site care. Audley is nowa leading provider of high quality accommodation forolder peopleinthe UK,claimingareputationfor thesensitive renovation andredevelopmentofimportant yet neglected buildings. They choose properties in substantial groundsindesirable locations, creating an exclusivecountry club in themain building,thenaddinganumber of carefully designedapartmentsand cottages around it. Residents own their homes, buying theirhouse or apartmentfrom Audley on a 125-year leaseand enjoying fullmembershipof the Audley Club. All Audley retirement homes are built in landscaped grounds with leisure
facilities.The result is avillage,completewith itsownfacilities and24-hour security,which
Flat Living Summer 2012
still retainingproperty equity that canbe
passed on to children
also forms part of the wider local community. Themajority of retired people in theUK
todayare homeowners buttoo oftenthey find themselves relatively asset rich but cashpoor, says Nick Sanderson. At thesame time,theyneed housingoptions thatmeet theiraspirations forthe future,enablethem
downsizingto a higher quality of lifewhile
Apositiveway of
developedwhat Nick callsthe ‘extra care model’whereby people retain their own front door butare able to receivecareintheir own homeif
necessary.Audley’sCEO believes this representsapositiveway of downsizing to ahigherquality of life,whilestill retaining property equity that canbepassedonto children. Audley nowhas sixretirementvillages
around England, comprising around 100units each, designed to encourage older people to enjoyanactivelifestyleand allowindividuals to stay in control of theirownhomeaswell as their future care needs. Residents canaccess increased care support packages on a completely flexible basis according to their needs. Typical prices start at £249,000 for a first-
floor apartmentoratwo-bedroomcottagefor £360,000.●
Formore informationgoto
www.audleyretirement.co.uk
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