Retirement Homes for sale in | Elderton Place

Elderton Place, Whitley Bay - Front Exterior

Elderton Place, Whitley Bay - Front Exterior

Shared Ownership with McCarthy Stone and Homes England

Retirement Living PLUS at Elderton Place

Communal Lounge

Bistro

Bistro Dining

Entrance Lobby

Living Room

Kitchen

Bedroom

Shower Room

Guest Suite

Hobbies Room

Library

Shared ownership (50% example share/50% rent)

1 bed from
£125,500/£288 pcm

Come and visit us

Every Wednesday

13:00 - 15:00

Discover Shared Ownership

Request a visit

Freephone:

0800 201 4811

Elderton Place is proving extremely popular, we are now over 80% sold. Don’t miss out on snapping up a stunning apartment in this fabulous coastal town.

One bed apartments remaining only! Now is the time to reserve!

Shared Ownership available - you could purchase a 50% share for £125,500* with a monthly rent of £288, in partnership with Homes England, meaning you can retain home ownership for less.

Located in the coastal town of Whitley Bay is our stunning retirement development Elderton Place, exclusively for the over 70s. The development comprises of 37 one bedroom and 28 two bedroom apartments, complete with private patios or balconies. These retirement homes are located close to the famous Spanish City offering a number of local amenities and the picturesque beach.

Terms and Conditions

*Purchase from price shown when purchasing a 75% share, with zero rent. Other shares available, with monthly rent. Qualifying criteria apply. Shared Ownership is available on selected apartments at participating developments only.

Our retirement properties in Whitley Bay allow residents to keep their independence, but the development has staff on-site 24-hours a day, 365 days a year, so help is always available if it is required. Residents at our retirement properties in Whitley Bay can also benefit from flexible care packages that are tailored to their needs and preferences. Each resident is able to decide which chores they would like taken care of, so they’ll have more time to spend doing the things they love.

Residents at our retirement properties in Whitley Bay all have their own apartment and use of the stunning landscaped patio area. Plus, even though our retirement properties in Whitley Bay offer you the chance to downsize and free you from maintaining a large family home, you’ll never feel like you’re making any sacrifices. This is because, on the development, you’ll find everything you could possibly need to enjoy a full and active retirement.

Elderton Place has a large communal lounge with bistro serving freshly cooked meals with Sunday lunch proving to be very popular with homeowners and their families. Regular events take place organised by the Estates Manager and include keep fit, film nights and knit and natter and you can decide whether to socialise with our friendly homeowners or enjoy the privacy of your own apartment.

There is a handy hobby room where you can complete a jigsaw or paint a canvas and a hotel style guest suite when family and friends come to stay.

Located a short walk away, you have the coast and the magnificent, recently renovated Spanish City where you can indulge in watching the crowds or sample the delicious fish and chips. You also have close by favourite high street shops and independent retailers or you can enjoy the many cafes and restaurants that Whitley Bay has to offer.

Development Highlights

Flexible care packages tailored to your needs and preferences
Bistro style restaurant serving daily, freshly prepared meals.
Ideally located in the heart of the beautiful coastal town of Whitley Bay
The stunning sea front and main harbour within 1 mile
Excellent transport links, including a bus stop directly opposite the development.
Elegant communal lounge to socialise in with friends and neighbours

Key Features

By the sea
Car parking
Communal lounge
Estates Manager
Guest suite
Bistro
24/7 call system
Camera entry system
24 hour staffing

Video

SHARED OWNERSHIP EXPLAINED

Discover how Shared Ownership works with McCarthy Stone

Interactive Site Plan

Our interactive site plan allows you to easily find available retirement properties. Click the tabs to view each floor. You'll see that one-bedroom homes are in yellow and two-bedroom homes are in purple. When you click on a property, you'll find out whether it is available for sale, rent or shared ownership, as well as pricing. Click on 'view property' to find out more. Retirement homes shown in red are already reserved, sold or rented out, but may be available on our Resales website.

Explore properties

Featured Properties

Great Homes for Sale

Occupancy options

Found a property that takes your fancy? Find out more about the practical details including information on service charge and FAQS.

The properties at this development are leasehold properties with a term of 999 years from and including 01/06/2022

You can buy part of your home and pay rent on the rest, so you can move in and enjoy the benefits of the McCarthy Stone lifestyle without committing to outright purchase. The Shared Ownership scheme is run in conjunction with Homes England, our government approved partner.

Electricity, heating and lighting (communal areas)
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
Future maintenance fund
Restaurant
Domestic assistance

What's not included?

Electricity, heating and lighting (apartments)
Home and contents insurance
Council Tax
Phone / broadband
TV licence / TV service

1 Bedroom Apartment

Service Charge *

£171.11

* Reviewed annually

You can enjoy the McCarthy Stone lifestyle without paying the full purchase price.
Buying a percentage share of the property allows you to manage your finances to cater for possible future needs.
If you buy 75% of the value of the property, there is no rent to pay on the outstanding share.
If you buy 50% of the value of the property, you will pay rent on the outstanding share.
You could claim up to £500 a year to help with essential repairs in the first 10 years.

With this scheme, you can purchase up to 75% of the value of your property – and if you own 75%, you won’t pay any rent on the outstanding 25% share. It provides a more affordable way to buy one of our retirement properties.

Shared Ownership is when you buy part of your property and rent the rest. It enables customers to enjoy a McCarthy Stone property without committing to purchase 100% of the property value. Homes England is the government approved provider of Shared Ownership schemes which enables us to deliver the ownership option. They regulate rental charges and fees applicable to the homes within this scheme.

No, Shared Ownership is available at selected developments and exclusions do apply. Speak to a Sales Consultant to find out more.

McCarthy & Stone (Shared Ownership) Limited will become your landlord on the share you don’t buy.

Before entering into the Shared Ownership agreement, we recommend that you obtain independent financial advice so you know what your new home will cost and that you can afford it.

If you take up our Shared Ownership offer, we require you to have a financial assessment with an Independent Advisor to make sure you can afford the ongoing costs both today and if your circumstances change. We will put you in contact with an advisor who has experience of Shared Ownership schemes and can assess your eligibility.

You should plan for some one-off costs associated with your purchase, including, but not limited to the following:

• Reservation deposit (which is deducted from your final purchase)

• Solicitors Fees and disbursements

• Stamp Duty Land Tax (SDLT) in England.

Your solicitor will be able to tell you if the tax applies and how much it will be

• Estate Agent fees if selling a current property

Car Parking spaces are available at some developments. Please ask the Sales Consultant for more details.

This covers items in the home that supply water and electricity such as basins, baths, toilets and also cables, but not fixtures, or appliances such as ovens or washing machines. Pipes and drainage items for heating and hot water are also included.

You can buy properties on this development. If you’d like to own your retirement property, we can help make the move as stress-free as possible, including support with packing and removals. If you have a home to sell, we can even act as a cash buyer, so you’ll avoid chains and estate agent fees.

Electricity, heating and lighting (communal areas)
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
Future maintenance fund
Restaurant
Domestic assistance

What's not included?

Electricity, heating and lighting (apartments)
Home and contents insurance
Council Tax
Phone / broadband
TV licence / TV service

1 Bedroom Apartment

Service Charge *

£171.11

* Reviewed annually

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

Usually this can take between 12 to 16 weeks. We understand that some customers may have a time period that will more suitable for them and we aim to be as flexible as we can.

Yes. If you want a quick, simple way to sell your home and move into one of our retirement properties, then Part Exchange could be the answer. For more information please click here .

We have an expert resales team for people selling our retirement properties, with an extensive database of customers waiting to move in. This helps us to sell faster and at a better price than traditional estate agents. On average the McCarthy Stone Resales team achieve a net price increase on the retirement properties they sell. For example, for properties bought new in the last three years and since resold, the net increase averages 6%. View resale retirement homes.

Join us at one of our events

Every Wednesday
13:00 - 15:00
Discover Shared Ownership
Every Wednesday
Next event: 24th Apr
Elderton Place, Coquet Avenue, Whitley Bay NE26 1BX
Come and discover more about Shared Ownership every Wednesday from 1pm to 3pm.
Meet some of our homeowners who have also purchased an apartment at Elderton Place through Shared Ownership. Our friendly Sales Consultant can give you a tour of this stunning coastal development and introduce you to our Estates Manager.
Book your appointment today on 0800 201 4811.

Book Now

Offer

Offers Too Good To Miss

Part Exchange for a fast and hassle-free sale
With Part Exchange, we can act as a cash buyer for your home. There’s no estate agent fees, no viewings and no chains. Just a guaranteed sale at a great price - so you could be enjoying the McCarthy Stone lifestyle sooner.
To find out more please call 0800 201 4811.
View details
View T&Cs
Move For Free
Reserve a property at this development between 1st January and 26th April 2024 and we'll pay your Stamp Duty and help towards your legal, estate agent and moving fees*.
*Terms and conditions apply
View details
View T&Cs

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THE LOCAL AREA

Living in Whitley Bay

Whitley Bay is a beautiful and desirable coastal town in the North East of England. As soon as you arrive in the area, you’ll see the iconic St Mary’s Lighthouse, which stands on its own island and also features a nature reserve and a wetland habitat. If you’d like to learn more about the area, there’s even a visitor centre.

Whitley Bay - Spanish City

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Whitley Bay Beach

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Whitley Bay Beach

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Whitley Bay Beach Cafe

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St Marys Island Nature Reserve

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St Marys Island Nature Reserve - Lighthouse

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Whitley Bay High Street

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Whitley Bay - St Pauls Church

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Whitley Bay - Playhouse Theatre

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Whitley Bay Promenade

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Another of the town’s main attractions is the golden beach, known as Tynemouth Longsands. This leads to neighbouring Tynemouth and it’s a popular place to enjoy the sun and watch as the surfers take to the waves. There’s also a beautiful promenade you can stroll across and plenty of places where you can grab fish and chips.

The development will also be located close to the Spanish City area, which was recently redeveloped. It now features play areas for kids, a swimming pool, a new library and a playhouse. If you’d rather explore the charms of central Newcastle and visit its many shopping districts, then Whitley Bay has its own Metro station that can take you straight there. Journeys take under half an hour and the service is direct.

If you’d rather experience some natural beauty, then our retirement properties in Whitley Bay will be under an hour away from Northumberland National Park and the North Pennines Area of Outstanding Natural Beauty.

Whitley Bay Facts:

36,600

people

10 miles

from Newcastle

Elderton Place

Coquet Avenue, Whitley Bay, NE26 1LZ (Sat Nav NE26 1EG)

View interactive map

Conveniently situated close to these local amenities:
Theatre
Restaurant
Local Shop

Our Whitley Bay development will be located on Coquet Avenue, close to the centre of Whitley Bay. A Co-op Food will be 0.1 miles away and there will be a large Morrisons supermarket 0.9 miles away.
If you’d like to spend a day on the beach, then you’ll be able to reach the seafront in 0.3 miles. Or, you’ll have a choice of three local parks and recreation grounds within 0.7 miles.
Visiting the centre of Newcastle is easy, too. There will be a Metro station within 1 mile of the development and this will take you directly to the city centre in 27 minutes

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.

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Elderton Place homeowner Gillian Harwood holding a picture of herself in her priestly attire

Priest Gillian loves her coastal retirement in Whitley Bay

After a tough year, retired priest Gillian says moving to one of our new retirement homes in Whitley Bay was “the best thing I ever did”. Read her story now.

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Elderton Place

Elderton Place

Come and visit us

Come and visit us