Retirement Living > What is a Retirement Village? Everything You Need to Know

What is a Retirement Village? Everything You Need to Know

What is a retirement village?
Nick Jones profile image
6/9/2022

There’s no doubt that the idea of independent living in a modern development with access to lots of great facilities is an appealing one, especially when surrounded by people looking for a similar thing. Retirement villages are exactly that - bespoke and carefully designed dwellings that help retirees enjoy a fulfilled later life. Before opting for a retirement village, it’s important to fully understand what a retirement village is, the advantages/disadvantages, how much they cost and how to choose the right one.





In this article on retirement villages:

  1. What is a retirement village?
  2. Who are retirement villages aimed at?
  3. What are the advantages of retirement villages?
  4. What are the disadvantages of retirement villages?
  5. What does it cost to live in a retirement village?
  6. Choosing the right retirement village
  7. Retirement village companies to keep an eye out for



What Is a Retirement Village?

A retirement village is a housing development that works a little bit differently - because they’re specifically built for buyers who are usually 55 and over.

They often come with a range of superb facilities for the residents to enjoy, such as swimming pools, gyms, libraries and restaurants. When living in a retirement village, you’ll also benefit from on-site support - imagine a combination of luxury accommodation and an exclusive club.

While retirement villages are fairly new in the UK, they still represent a rapidly expanding industry, with an ever-increasing number of retirees choosing to enjoy their retirement in a stylish yet independent setting.

There are usually a few different accommodation types to pick from, including houses, bungalows and apartments. Right now, the majority of UK retirement villages can be found in history-rich areas with picturesque settings.

Retirement villages differ from sheltered housing through their offering of premium facilities in a desirable location - which can make them a more expensive alternative. While sheltered housing tends to be operated by local authorities, housing associations and charities, retirement villages are often bought or rented.


What is a retirement village?


Who Lives in a Retirement Village?

Fed up with doing the washing up, don’t want to travel 40+ minutes to go for a swim or have an urge to take up tennis. If any of these apply to you, then a retirement village could be your calling.

Retirement villages are broadly aimed at over 55s who are looking for independence and support where needed.

Retirement villages are designed to let you stay firmly in control while having everything on your doorstep; giving you the opportunity to maintain independence and freedom in the knowledge that help is on hand for everyday chores if desired. Retirement living gives you an excellent opportunity to socialise with like-minded people in a safe and secure environment.

One of the most appealing draws to retirement villages is the reassurance that if you need any extra support, it’s there, giving you and your family peace of mind.

To better answer whether or not a retirement village is for you, we’ve looked at the advantages and disadvantages of this property type.

Personal Care Services in Retirement Villages

In a retirement village, you can choose the level of support that’s required, depending on your individual needs.

Packages vary from development to development, but some of the care options that are usually available include 24/7 emergency support, personalised hospitality packages and planned care. With this final option, the aim is to provide support as and when you need it, while still allowing you to maintain an active and independent lifestyle.





What are the Advantages of Retirement Villages?

Retirement villages are a desirable option for those who don’t mind paying extra for a stress-free living experience. Here are some of the benefits that come with your new home:

  • Freedom - You can live independently within a property that you own

  • Facilities and amenities - The majority of retirement villages are packed with some excellent social and leisure facilities. These can include restaurants, pools, cafes, pubs, libraries, hairdressers, gardens and other outdoor spaces

  • Social opportunities - When you’re surrounded by other residents of a similar age with shared interests, the opportunities to socialise hugely increase

  • Added security - The community aspect of a retirement village means that people often feel safer than they would be living alone

  • Guest suites - Some retirement villages offer apartments that family and friends can rent when they visit. People are far more likely to visit you when they have somewhere to stay

  • Additional care - A few retirement villages also provide access to home help and personal support, along with on-site care homes

  • Deferred payments - Some villages offer the ability to defer the payment of your new home to ensure you live your later life to the fullest


And What About the Disadvantages?

  • Reduced space - Retirement home residents often move having downsized from a larger property and have less space as a result

  • Higher prices - Homes within retirement communities are usually more expensive than properties on the open market. Retirement villages may be luxurious, but with that, you have to pay more for

  • Extra service charges - Many retirement villages come with a monthly/annual fee that goes towards maintaining the communal areas and facilities

However, there is expert advice available to help you downsize and re-design your new home with beloved furniture and possessions, along with financial services to ensure your accounting is taken care off.

Advantages and disadvantages of living in a retirement village


What Does It Cost to Live in a Retirement Village?

While prices will vary from location to location, the lavish lifestyle they offer means that retirement villages usually come at a premium, costing more than a standard property of a similar size.

When you consider the access to a host of communal facilities at no extra cost, often 24/7 on-site support, extra security and a concierge service then it starts to become understandable that retirement living units are 5 -10% more expensive.

Here are some of the other costs associated with living in a retirement village:

  • Management/service fees - This tends to fall within the region of £500 to £700 a month. This service includes any communal facilities and their maintenance, providing site security and support to residents, looking after green spaces and the management team themselves (who tend to residents’ needs)

  • Care costs - Depending on what’s required, the greater level of support available in a retirement village can cost hundreds of pounds every week (or around £1,300 a month)

  • Bills and living costs - Bills such as gas, water, electricity and wifi sometimes have to be paid but this varies from village to village

  • Deferred management fee - A deferred management fee is payable from the sale of your home or change of occupier. The fee is charged to ensure that everyone who lives in a village can do so knowing there will always be sufficient funds to carry out any works whilst maintaining the village’s continued high standards




Choosing the Right Retirement Village

To pick the right retirement village, you need to think about what matters most to you and what the make-or-break features are. Here’s a list of questions that you can ask to make sure you get all the necessary information:

Bills and fees:

  • Which bills are and aren’t included in the price?
  • How much is the service charge and when is this paid? What does/doesn’t this fee include?
  • How much is the deferred management fee and are there any extra fees that I need to be made aware of?

Care:

  • Is there 24-hour coverage? Will my home have an emergency call system?
  • What care packages are available and how much do they cost?
  • Does this retirement village offer any on-site services for residents who require additional support?

Facilities:

  • What facilities and activities are on offer? Are these included in the price?
  • Are there any guest facilities for family and friends? How much do these cost?
  • Can I bring my car? If so, are there designated parking spaces?

Retirement villages contain great facilities such as pools


Extra questions:

  • What’s the age limit and does it apply to both partners in a couple?
  • Are pets allowed and are there any restrictions? (Not all developments will allow animals)
  • How close is the nearest town or village? Is transport provided to it?
  • How does reselling the property work? Will the operator take a percentage of the resale value?

Retirement Village Companies to Keep An Eye Out For

Here are a handful of the UK’s most prominent retirement village companies:

  • Anchor Hanover - Known for having care homes around the country, Anchor Hanover also has retirement villages in Buckinghamshire and Hampshire. Each of their apartments has one or two bedrooms, with a focus on maintaining independent living

  • Audley Villages - With Audley Villages, you can choose between a house, cottage or apartment in 20 retirement villages around England, with locations ranging from Yorkshire to Devon. These properties include home-care services and can be sold at any stage on the open market

  • Inspired Villages - Inspired has 10 retirement villages across England, along with several new complexes under development. Each of these villages contains plenty of facilities and care support services. Properties range from one to three bedrooms and can be bought or rented

  • McCarthy and Stone - McCarthy and Stone have retirement properties all over the UK. These properties include retirement and assisted living apartments with several support services

  • MHA - MHA is a Christian charity that provides care, accommodation and support services for over 18,000 elderly people throughout Britain. MHA operate several retirement living communities, including retirement villages, apartments and other housing options

  • Retirement Villages - Retirement Villages can be found in the home counties, the southwest and the east of England, with 16 villages in total. The majority of properties are independent living only, but a handful of sites also offer residential care, nursing care and specialist dementia care provided by the care home group HC-One

  • Richmond Villages - Finally, Richmond Villages offer luxury homes in 10 retirement villages for those aged over 55. Some of their sought after facilities include spas, swimming pools, gyms, hairdressing salons, beauty therapy and on-site restaurants. On the care side, they provide care-at-home services, residential care homes and specialist dementia care




Retirement Villages Vs Care Homes

A care home is a residential home for (mostly) elderly residents who require regular help and care with everyday activities like getting dressed, feeding and other forms of personal maintenance. This lack of independence means that care homes provide round the clock care to their residents. Care homes tend to be smaller in size than retirement villages, with fees covering any care-related expenses, along with food and accommodation.

Retirement Villages Vs Sheltered Housing

Sheltered housing also aims to help the elderly maintain an independent lifestyle while providing access to support if required. Sheltered housing differs from a retirement village as it usually comes in the form of a block of flats that’s been specifically built with retirees in mind. Extra facilities like cafes, health clubs and large communal rooms are usually still on offer as well.

All types of sheltered housing will be run by a site manager whose job is to deal with any day-to-day concerns or issues that residents may have. 24-hour alarm systems are also in place to ensure that any emergencies are quickly dealt with.




Retirement Living developments offer safe, secure and luxurious housing with retirees in mind. With Lottie, you can pick from several stylish retirement living options throughout the UK. Choose between 1 bed, 2 bed and 3 bed properties with varying levels of care and support available.

Check out the very best retirement living villages and homes that we have to offer!

Similar Blog Posts

Based on your selected criteria and the activity of similar individual’s using Lottie.