Are you looking to free yourself of the burdens of the upkeep of a large family home? Do you dream of a stylish, contemporary home in the country? Is life in a bustling Cotswolds village something you've been longing for?
Our Pentelow Gardens Lifestyle Living development will be made up of eight two-bedroom bungalows and six three-bedroom houses. Each will incorporate tasteful, modern design and will feature luxury fixtures and fittings throughout. Finished in honey-coloured Cotswold stone, the properties will blend seamlessly with the local area, and each will have a private rear garden, a courtyard and two parking spaces.
Our Lifestyle Living properties are tailored for the over-55s. They offer you the opportunity to make more of your well-earned free time by taking some of the responsibilities of homeownership off your hands.
A gentle 10-minute stroll from the development will see you in the centre of Chipping Norton. From its local theatre and museum to the host of high-street and boutique shops, restaurants, cafes and pubs, this quaint yet bustling town has so much to offer. You'll also find a leisure centre in the town and various supermarkets, although if you like to shop locally, there's also a delicatessen, a fishmonger and two butchers.
- Located in the beautiful town of Chipping Norton
- Last remaining cottage available
- Private parking
- Close to shops and amenities
- Market with over 27 stalls every Wednesday
- Bus stops outside of development
- Intelligent use of space and light
- Luxury fixtures and finishes
- Storage facilities
- Pets allowed
- Car parking
- Landscaped gardens
- Near the countryside
- Electricity, heating and lighting (communal areas)
- Future maintenance fund
- Water and sewage (communal areas and apartments)
- Professional fees
- Maintenance of building and gardens
- Emergency call system
- Building insurance
- Income to guest suites and sundry income
- Development staff
What's not included?
- Electricity, heating and lighting (apartments)
- Home and contents insurance
- Council Tax
- Phone / broadband
- Ground rent
- TV licence / TV service
Will costs increase after I move in? How are budgets set?
Our service charges are fixed on an annual cycle and reflect the costs of the services we procure on behalf of our homeowners.
We share the individual costs that make up the service charge with homeowners and outline the methods for calculating the resulting charge. The service charge for each year is agreed in consultation with homeowners through an open book budgeting process.
We do our very best to negotiate the best cost with third party service providers on behalf of our homeowners. As part of our system of checks and controls to ensure they are treated fairly, we regularly monitor service charges in our managed schemes against current market practices and third party providers to ensure we offer competitive rates. We have developed a simple chart to help Customers make a direct comparison for use during the sales process and a full breakdown of the service charge budget is available from our Sales teams and House Managers at all new developments
Is it more expensive to live in one of your apartments than my current home?
Many of our homeowners are pleased to find that the service charges for their apartment tend to work out at less than what they were paying in like-for-like costs at their previous property.
Energy bills often turn out to be lower thanks to the modern construction methods we use at all our developments. Your new apartment is also likely to be a more manageable size and so cheaper to run.
When Customers discuss the purchase of a McCarthy Stone apartment with us, they receive a service charge leaflet and our Sales Executive sits down with them to help them fill in the costs, review what is covered in the management services and compare them to day-to-day running costs in their current home. Our Sales Executive ensures that they have a detailed knowledge of ongoing costs before a sale is completed
Do I need to pay ground rent, how much is it and how is it set?
Ground Rents are fixed for 15 years. They are reviewed on the fifteenth anniversary of the date of commencement of the term and each successive fifteenth anniversary from that date. Increases are linked to either the movement in the Retail Price Index (RPI) since the last review, or if greater, by 2% per annum, and is compounded yearly.
There are differences between one and two bed apartments. McCarthy Stone sets the difference at a figure which it considers fairly reflects the size difference in apartments. While it would be possible to base the difference on actual square footage, this would be a complicated exercise and would lead to minor variations in ground rents between comparable apartments within any given development which would be administratively complex and could cause confusion.
The ground rent does not increase after the 125th anniversary even though our new leases are for a term of 999 years.
In January 2021, the Government announced plans for removing ground rents for all new retirement properties. These proposals have not become law and the Government is not proposing to make them retrospective. As these are proposals there will be no immediate change to how we sell our apartments, but this may change in the future.
Do your service charge budgets proposed at the start of the year prove to be accurate?
The service charge budgets represent those costs that would be expected to be incurred in a normal year of operation with a full development. It is the intention of McCarthy & Stone Management Services to ensure the service charge budgets are set as accurately as possible. Where possible, we try to keep annual increases in line with inflation although certain costs such as Utilities can have inflationary pressures that are outside of our control. Typically, our developments have shown a slight surplus to date, which is refunded each year to homeowners within six months of the end of the period.
Are there any fees that are payable on selling or letting?
It is important that customers do not face any unexpected financial burdens in their new home resulting from, for example, the need to undertake any major refurbishment or structural repairs on the development. In order to provide confidence that there is enough money available to meet this work, the service charge includes a small charge to help cover unexpected costs such as these. This is called the Contingency Fund, and is similar to a ‘sinking fund’. It is a specific fund kept in the development’s own bank account. It is held in trust and its use is restricted to the maintenance of that development and cannot be accessed by McCarthy Stone. It is there for the benefit of all homeowners and finances the replacement of carpets and furniture in the shared areas and longer-term repairs and renewals such as roofs, window frames and replacement of lifts.
In order to keep this weekly cost – and hence the service charge – to a minimum, the development’s specific Contingency Fund is ‘topped up’ by a one-off charge of 1% of the resale price upon the sale of the apartment, in addition to a small charge in the service charge.
With regard to subletting on leases prior to October 2014, we will charge a concessionary rate (irrespective of the provisions in the lease, which may be higher) of one month’s rent for each year that the apartment is sublet (or pro-rata for less than a year).
This is a concession from the terms of the lease which are in essence one month’s rent for each six month sublet period. This concession will apply for a maximum period of two years, after which time we will revert to the terms of the lease.
For leases from October 2014, the subletting contingency fee has been reduced to a contingency fee of 1% of the annual rent (or pro-rata for under-letting of less than one year). Where the underletting is for more than a year, the contingency fee is 1% of the annual rent payable annually on the anniversary of the commencement of the term.
There is also a small administration fee collected by MSMS / YLMS to cover their costs to check that the incoming occupier meets the terms of the deed of conditions (i.e. meets the age criteria and is capable of leading an independent life) and provide information about the development, the service charge and insurance. Contact our Property Transfer team on 01202 508299 for more details.
We are determined to provide positive resale values and to this end, we have changed dramatically since 2010 to make a big difference to our products and services. We have a dedicated resales team to deal with all future resales and to achieve the best prices, we also maintain an extensive database of prospects who are looking to buy our properties in the desirable areas we have located ourselves in over the past four decades.
Living at Pentelow Gardens
Come and Visit Us
Book an AppointmentJames Carey | Sales Consultant
James is currently undertaking appointments where you can learn more about this beautiful development, review plans and prices and reserve the apartment of your choice off plan.
He will be able to assist you with the sale of your own property and guide you through the process of moving house should you need any help.
Living in Chipping Norton
As well as at the local museum - which is home to a significant collection of local artefacts - you can also learn more about the town's history at Hook Norton Brewery. Here, you can experience how the brewery would have been run in the past, with it's mill still powered by steam and ale delivered locally by shire horses! Take a tour of the brewery and its associated museum to find fascinating historical artefacts, visit the stables to see the shire horses and, of course, sample the award-winning beers produced here.
Sitting on the border of the Cotswolds, Chipping Norton truly is a gateway into all that this area of outstanding beauty has to offer. Just a five-minute journey by car into the Cotswolds brings you to the Rollright Stones. Reputed to be older than Stonehenge, this ancient megalithic stone circle is a sight to behold! And among the many other delights on offer in the Cotswolds is the Cotswold Falconry Centre. Admire the majesty of the 150 birds of prey housed at the centre and enjoying breathtaking flying demonstrations throughout the day.
Heading around 20 minutes in the other direction by car is the resplendent Blenheim Palace. Take a tour of this world heritage site to discover its rich history and admire the opulence of the palace's rooms. And there couldn't be a more magical place to be on a sunny summer's day than the palace's 2000 acres of landscaped parklands, including a glorious lake and stunning formal gardens.
- Conveniently situated close to these local amenities:
- Chipping Norton War Memorial Community Hospital
- Chipping Norton Leisure Centre
- Co-operative Food
- The Theatre Chipping Norton
The development is surrounded by areas of natural beauty, with the Cotswolds right on its doorstep. Just a short 4 mile car journey also takes you to the Rollright Stones, an ancient stone circle reputed to be older than Stonehenge.
Under 0.5 miles away is the High Street. Here you can find shops, cafés and restaurants. Also, Chipping Norton Museum and the theatre are both within 0.5 miles.
Getting to Location
If you are using a Sat Nav system you may need the full address of this development. The postcode is newly created by Royal Mail and may not be accurate for some months.
The Team at Pentelow Gardens
Offers Too Good To Miss
We can help reduce the hassle of selling your current property
Moving home no longer has to be a daunting experience or take forever. If your current property qualifies for Part Exchange*, you’ll effectively have a cash buyer. So you’ll avoid all the usual uncertainty and frustration.
To find our more please call 0800 201 4811.