This Retirement Living development will be situated just minutes from Banstead's bustling yet leafy high street. This brand new build of one and two bedroom privately-owned apartments will link into a locally listed school building, with the aim of retaining the structure's traditional feel.
As well as a cosy communal lounge in which homeowners will be able to socialise over a cup of tea or coffee, this development will include a beautifully landscaped garden at the rear, providing a secluded green space for all residents to enjoy. With the land being predominantly flat, getting around will be easy and comfortable, no matter your level of mobility and there will of course also be a lift to all floors. If you are looking for a small area of outdoor space to call your own, many of the apartments will even have balconies.
To ensure your comfort, safety and security at all times, there will be a dedicated House Manager available during office hours, as well as a 24-hour call system for emergencies. For that added peace of mind, there will also be a camera entry system that will link to your television so you will always know who you are letting in.
Being so close to Banstead town centre (just 0.1 miles away), you will have a wealth of local amenities, from shops and eateries to supermarkets and various medical centres. And getting around won't be a problem, whatever your preferred mode of transportation. As well as on-site parking, there will be both a cycle store and a scooter room. Plus, with four bus stops within a mile of the development and Banstead train station just 0.6 miles away, you will easily be able to visit the surrounding local areas or even take a day trip into London.
Development Highlights
- Town centre location
- Local amenities on the doorstep
- Excellent access to bus and rail services
- Balconies and secluded landscaped garden
- Guest parking
- Pets allowed
Key Features
- Communal lounge
- Guest suite
- House Manager
- Wheelchair access
- Lifts to all floors
- Camera entry system
- 24/7 call system
- Mobility scooter room
- Pets allowed
Interactive Site Plan
Our interactive site plan allows you to explore the properties on this retirement development. Click on the arrows to switch between floors. Properties in green are available and those in red are already reserved, sold or rented out. When you click on an available property you can see information about the sales and rental prices (all rental prices include service charges and ground rent). From there you can click through to the property page to get the full details.
Explore properties:
Occupancy options
The properties at this development are leasehold properties with a term of 999 years from and including 01/01/2022
* To be offset against your initial payment and fully refundable should your tenancy not proceed
- Communal area costs inc. electricity, heating and lighting
- Future maintenance fund
- Water and sewage (communal areas and apartments)
- Ground rent
- Maintenance of building and gardens
- Emergency call system
- Building insurance
- Active social calendar of events and exclusive discounts
- Dedicated on-site team
What's not included?
- Electricity, heating and lighting (apartments)
- Phone / broadband
- Council Tax
- TV licence / TV service
- Home and contents insurance
What is an Assured Tenancy?
Assured Tenancy means that you agree to rent the property for a minimum term of 12 months, but after that you can leave at any time as long as you give two months written notice. We can’t ask you to leave unless you have broken the terms of the agreement.
I want to rent. What checks do you carry out and what do I need to prepare?
We’ll ask you to complete a Rental Application Pack and an Income and Expenditure form to get the information we need to do standard background checks. You’ll be asked for proof of income, savings and/or pensions, along with copies of your last three months’ bank statements. You’ll be asked to provide identification documentation that complies with the latest Government Right to Rent regulations – our sales consultants will talk you through what you need.
Do I need to pay a reservation deposit?
Yes, you will need to pay a small refundable reservation deposit to reserve the property. You will also have to pay a security deposit equivalent to five weeks rent when you move in.
What do I have to pay before moving in?
Before you can move into your property, you will need to pay the first month’s rent together with your security deposit, minus the reservation deposit you’ve already paid.
The security deposit is equivalent to five weeks rent. Don’t worry, we’ll make sure you know the exact amount you need to pay in plenty of time.
McCarthy Stone is part of the Tenancy Deposit Scheme, membership number G10625. Download the Tenancy Deposit Scheme leaflet.
What date are rental payments due?
All rental payments are due on the 1st of each month and must be paid by direct debit. Your rent includes all of the development’s service charges, ground rents and property maintenance.
It’s an affordable approach to owning a stunning new retirement home:
- You may be able to access cash tied up in your existing property (known as ‘equity release’)
- You can choose to buy a bigger percentage of the property in the future – this reduces the rent you pay
- If you want, we can buy your existing property as a part exchange
- You’ll be eligible for our free Smooth Move removal service, plus a contribution to legal and estate agent fees
The rent is set at the point of purchase. Annual rent review on the date specified in your lease will be indexed to movements in the Retail Price Index (RPI) subject to a minimum 0.5%. RPI has been in the range c.1-4% since 2013 and was 3.3% in March 2018. 3.3% is equivalent to an extra £1.98 per week for typical rent of £60 per week.
What is Part buy, part rent?
A flexible, affordable alternative to outright purchase, with all the benefits of ownership. For more information call: 0800 201 4811
How it works
You purchase a minimum 50% share in a brand new McCarthy Stone retirement property and pay rent on the part you don’t own.
Benefits include:
It’s an affordable approach to owning a stunning new retirement home
- You may be able to access cash tied up in your existing property (known as ‘equity release’)
- You can choose to buy a bigger percentage of the property in the future – this reduces the rent you pay
- If you want, we can buy your existing property as a part exchange
- You’ll be eligible for our free Smooth Move removal service, plus a contribution to legal and estate agent fees
Is private shared ownership available at all McCarthy Stone developments?
No. This offer is available at selected McCarthy Stone developments, so make sure you check with the sales team on site.
What % of the property do I have to purchase?
70% is the standard option – there are options to increase this over time, known as staircasing.
What is staircasing and how does it work?
What further costs and fees are involved You can purchase further 10% increments, based on valuation at that point. You can staircase to 100% at which point the property would be wholly owned. You would stop paying rent, but service charges and ground rent continue to be payable to McCarthy Stone.
Each time you staircase you need to plan for additional costs such as valuation fee, legal expenses, SDLT*/LTT** if applicable.
*Stamp Duty Land Tax **Land Transaction Tax (LTT) has replaced SDLT in Wales from April 2018
Do I pay Stamp Duty Land Tax (SDLT) or Land Transaction Tax (LTT) on a private shared ownership property?
You will need to pay SDLT*/LTT** on a private shared ownership property, but you may have less to pay than if you had purchased outright. You should seek advice from your solicitor to confirm how much SDLT you have to pay.
*Stamp Duty Land Tax **Land Transaction Tax (LTT) has replaced SDLT in Wales from April 2018
How much rent will I have to pay and how will that change over time with rent reviews?
The rent is set at the point of purchase. Annual rent review on the date specified in your lease will be indexed to movements in the Retail Price Index (RPI) subject to a minimum 0.5%. RPI has been in the range c.1-4% since 2013, and was 3.3% in March 2018. 3.3% is equivalent to an extra £1.98 per week for typical rent of £60 per week.
About Retirement Living

Watch: Our video about Retirement Living with McCarthy Stone

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Living in Banstead
Although offering a wide variety of shopping - from your favourite chains to independent boutiques - Banstead town centre has managed to retain its quaint village charm. The town is home to a number of buildings of historical interest. The parish church, with its medieval spire, dates back as far as the 12th century, and the town's old well still features its elaborate 18th-century winding gear!
In the heart of Banstead you will find The Banstead Centre, where membership is open to anyone over 50. Here, local residents can meet, socialise and partake in a wide variety of activities, from art classes and bridge games to tai chi and table tennis. The centre also organises special events and outings.
Just 3 miles from the development is the iconic Epsom Downs Racecourse. With race-days having been held in the area since the 1640s, it is truly an iconic racecourse that must not be missed by horse racing fans. Enjoy a day at the races for fun, thrills and some delicious food, whether you're in the mood for a mouth-watering burger or an elegant fine dining experience.
For a unique day out, Mayfield Lavender is just over 2 miles from the development. This 25-acre organic lavender field is a truly a special place. Wandering among the vast sea of lavender during the summer months is a delight for the senses. And the picturesque al fresco cafe is the perfect spot for lunch or coffee and cake.
Our development is situated right in the heart of Banstead, providing easy access to local amenities such as independent boutiques and chain stores. The parish church and the Banstead Centre can also be reached in only 0.4 miles.
Just 3 miles away from the development, you’ll find the Epsom Downs Racecourse.
Alternatively, London is only 47 minutes away by train, while Banstead Train Station is only 0.4 miles from the development.
Getting to Location
If you are using a Sat Nav system you may need the full address of this development. The postcode may be newly created by Royal Mail and may not be accurate for some months.
The Team at Priory House

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Please note that images are for illustrative purposes only. Images may include upgrades and optional extras which may be available for you to purchase at an additional cost. Please click here for further explanations. Floor plans and pricing are accurate at time of publication. Floor plans are for guidance purposes only and are subject to change. Prices may fluctuate depending on market conditions and availability.