If you’re looking to retire to a quiet, leafy, residential suburb, but with quick and easy transport links into London, Purley could well be the place for you. Our proposed Retirement Living development in Purley will feature just 26 apartments, reflecting the town’s close-knit community feel. Most will be two-beds, with a few one-beds also on offer, and some will even have balconies overlooking the site’s beautiful landscaped gardens. Homeowners will also have full use of the club lounge, a tastefully designed space where you’ll be able to catch up with neighbours over a tea or coffee.
By retiring to our Purley development, you could free yourself of some of the more burdensome aspects of homeownership. Property management and maintenance will be taken care of, as will water and sewerage rates. The House Manager will manage the development day-to-day and will be available during office hours should anything crop up. What’s more, you’ll have access to a 24-hour emergency call centre, there’ll be a camera-entry system, and we guarantee accessibility throughout, with lifts to all floors.
We’re here to make your retirement easier, giving you more time to enjoy the finer things in life. Pop into Purley town centre, just 0.3 miles away, to sample some of its many restaurants and cafes, boutiques and salons. And if you’re looking to travel further afield, Purley railway station is just 0.4 miles from the development, where regular trains run to London Victoria and surrounding areas. You can also very easily access both the M23 and the M25.
Development Highlights
- This development has had planning approved
- Conveniently located close to Purley town centre
- Homeowners' car park, cycle store and scooter room
- Excellent transport links into London and surrounding areas
- Guest suite and on-street bay parking for guests
- Dedicated House Manager
Key Features
- Landscaped gardens
- Balconies
- Wheelchair access
- Camera entry system
- 24/7 call system
- Pets allowed
Explore properties:
Occupancy options
- 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.
Retirement Living with McCarthy Stone

Watch: About Retirement Living with McCarthy Stone

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Living in Purley
Purley has a bustling yet charming town centre where you’ll find all the amenities you could hope for: large supermarkets and small independent shops, high-street favourites and one-of-a-kind boutiques, pubs, cafes, bars and restaurants. There’s also several banks, a Post Office and even a public library (which hosts regular events for the community). You’ll also find the leisure centre on the high street, where over-60s swim for free. For those who play a sport, Purley Sports Club is just a mile from the development. Here you can join as a member for a particular sport, including bowls, cricket, squash and tennis, and discounts are offered for joining up for two or more. There’s even a dance studio that holds a variety of classes, including ballroom tuition.
If it’s fresh air and green spaces you’re looking for, you won’t need to go far. Purley Beeches – a pleasant stretch of parkland with a small woodland area and public tennis courts – is just a mile from the development. And it’s only 3.5 miles to Kenley Common, 139 acres of grassland and ancient woodland with great wildlife-spotting opportunities.
For all you golfers, Purley boasts two golf clubs. From Purley Downs Golf Club enjoy a round while admiring stunning views towards London’s iconic skyline. And Woodcote Park Golf Club is one of the longer courses in Surrey, which, being situated on top of the Downs, can pose a real challenge when the wind is blowing. Both clubs warmly welcome visitors and have great membership offers.
- Conveniently situated close to these local amenities:
- Bus Stop
- Dentist
- Purley Library
- Restaurant
Our Purley development is located in a quiet, leafy suburb that has quick and easy transport links into the city. Purley Train Station is just 0.4 miles away, with regular trains running to London Victoria.
Purley town centre is a short 0.3 mile walk. Here you can sample the many restaurants, cafés, salons and boutiques. Also, the local leisure centre and Purley Library 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 may be newly created by Royal Mail and may not be accurate for some months.
The Team at Purley, Woodcote Valley Road

Offers Too Good To Miss
Save £5,000 on a stunning new property
Register your interest for this development by 20th June 2022 and save £5,000 on any new property*.
This offer is only available for a limited time. To avoid missing out, please call 0800 201 4811 today to find out more.
*Terms and conditions and participating developments apply.
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Useful Links
- COVID-19 response: our communities are consistently safer - find out why
- Retirement Living or Retirement Living PLUS? Which development type is right for you?
- Homeowner testimonials: what’s it really like to move into our developments?
- Creating communities: read more about our unrivalled properties, services and lifestyle
- Shopping made simple: discover our exclusive telephone-based supermarket delivery service
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.