The Hawthorns Retirement Rental Concept
Flexibility & Companionship in Your Retirement Years
“Live the retirement you deserve with the flexibility of our rented apartments set amongst a thriving community of like minded souls”.
A Unique Approach to Retirement Living
Our concept of luxury, apartment-style retirement communities set within a purpose built facility established the company as the leading provider in the US with the first UK operation launching, to much acclaim, in 1985 with The Hawthorns in Clevedon, Somerset.
This was followed by The Hawthorns in Eastbourne in 1999 and then by The Hawthorns in Braintree, Essex in 2009. With all three award-winning UK retirement villages fine-tuned for the UK market, the flexibility of our rented retirement apartments across our Hawthorns sites has proven popular. In 2010 The Gardens were added to The Hawthorns in Eastbourne, and comprised a small retirement hamlet of bungalows and maisonettes.
Launched in March 2018 The Hawthorns Northampton is the latest edition to the Hawthorns portfolio and is leading the development of our retirement concept into the 21st century. This retirement community will take The Hawthorns to new levels of luxury retirement living and is proving to be a very popular choice for people across in their retirement years across Northamptonshire.
Our Rental Model
As you consider your retirement options you’ll be doing your research to ensure you make the right long term decision, as you’ll want to feel happy and settled. Right now, a rental model has never looked so good.
At this stage in your life financial certainty is paramount, and you’ll want to feel safe and secure in the knowledge that you are in control of your money and your assets.
Property purchase maintains the valued position of home ownership, but as many of the retirement property options are leasehold as opposed to freehold, there is very little difference to a rental model. The difference though is in the costs, some of which can be less than obvious.
Purchase prices can be higher than the general market and you may only be able to sell back to the developer or freeholder, at their valuation. ‘Exit’ fees from such developments can range from 5% to over 25% of either the original purchase price or the sell back value; add in stamp duty and legal costs and there is a significant premium for a purchase. This is money you and your family will never get back.
Most leasehold purchases also carry ground rent, service charges and maintenance costs – month in, month out. You didn’t pay these when you bought your family home, so why pay them on your retirement property?
In contrast the all-inclusive Rental model offers certainty, easy planning, and flexibility. There are no property repairs, gardening costs, utility bills, Council Tax, weekly housekeeping and bed linen laundry, or transport costs on days out in our private mini-coach. There are three restaurant meals a day and refreshments throughout, plus daily entertainment.
If you prefer a different outlook or you wish to downsize from a two-bed to a one-bed apartment there’s no sales fees, purchase costs, community or maintenance fees nor delays for that matter; you just move and pay the new monthly rent. Property purchase won’t give you that.
The financial and freehold ownership arguments are clear, so it’s a matter of individual choice. Look for clarity and a solution with no small print that gives you the cost-free ability to change your mind at any time.