Parkstone Retirement Village
photos: operator / Village Guide
Retirement living · Upper Riccarton, Christchurch

Parkstone Retirement Village

BUPA Retirement Villages Limited · leafy Ilam suburb · independent apartments + townhouses + on-site care home
Life Score
90
Exceptional
Capital Back
60
the money ↓
See what life here is like — then weigh what it means for your family further down.
The village

Life here

Nestled in the leafy Christchurch suburb of Ilam, just kilometres from the city centre, Parkstone Retirement Village offers a thoughtfully designed community for independent living with the reassurance of on-site care. Residents enjoy stylish modern apartments and upcoming townhouses, surrounded by beautiful landscaped grounds and a full range of activities—from movie nights and high teas to gardening and games. Whether you're swimming in the heated indoor pool, enjoying happy hours at the bar, or simply relaxing in your well-appointed home, life here balances independence with connection and community.

Your home

Living options

Apartments & Townhouses

Stylish, modern homes with high-quality finishes, designed for comfort and ease of living.

1, 2 and 3 bedroom apartments (available now)
3 bedroom townhouses (opening November 2026)
Well-designed modern kitchens
Open plan living and dining
Ensuite bathrooms
Double glazed windows
Heat pump/air conditioning
24/7 emergency call system
Fixed or variable weekly fees available
Living options
A day in the life

What living here is actually like

Village life is what you make it—active and social, or quiet and relaxing.

Activities & Community

A vibrant programme of events and activities brings residents together, with options ranging from organised entertainment and social outings to quiet pursuits in beautifully maintained communal spaces.

Indoor heated swimming pool
Air conditioned gym with exercise classes
Community centre and lounge
Theatre and cinema
Games room with pool table and billiards
On-site café and dining room with bar
Movie nights, bingo, quizzes, and guest speakers
High teas, happy hours, and resident dinners
Arts & crafts, cards & board games
Vegetable gardens and garden plots
Workshop/Men's Shed
Hairdresser available for appointments
Social outings and organised entertainment
Hornby Club membership and transport included with apartment purchase
Always something on
On your doorstep

Facilities & services

Indoor heated swimming pool
Air conditioned gym
Community centre
Theatre
Cinema
Dining room
Bar and café
Games room (pool table, billiards, petanque)
Library
Computer room
Workshop/Men's Shed
Hairdresser
Vegetable gardens
Landscaped grounds with BBQ entertainment area
Piano
On-site care home
Peace of mind

Care for life, on site

If your health changes, you won't have to leave the place you know. Parkstone Retirement Village offers these levels of care on site:

IndependentRest homeHospitalSecure dementia
✓ Health clinic · Emergency call system · Meal deliveries · Housekeeping · Personal laundry service
Care and community
Where it is

Setting & neighbourhood

Parkstone Retirement Village is situated in the leafy Christchurch suburb of Ilam, just a few kilometres from the city centre. The location is handy for golf, bowling, and other recreational activities, as well as local shops and restaurants. The village is set within beautiful landscaped grounds with a courtyard BBQ entertainment area, offering residents both easy access to urban amenities and a peaceful, garden-like setting.

Interested?

Like the look of Parkstone?

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Now the practical part

The money — what comes back to your family

You've seen why you'd love it. This is the part most families only discover at the exit statement — so we put it in plain sight. Every figure is from the village's own filed Disclosure Statement.

Capital Back score
60
Above average · #42 of 520
Better than 92% of NZ villages — yet the market median is just 46. The sector is tough.
Deferred fee
30%
charged on your entry price
Your share of capital gain
0%
operator keeps 100% of any uplift
Time to get capital back
~115 days
median, from 19 recent resales
Fees after you leave
Stop
good — many villages keep charging
Before you sign, get independent eyes on the contract.An ORA-review lawyer or independent financial adviser — never paid by any operator — checks what it really means for your family.
⚖ Get independent advice →
How the 60 is built

Nothing hidden — every component

The Capital Back score is a transparent weighting of five filed terms — you can see exactly where this village wins and loses.

Move-in fee you don't get back Deferred Management Fee — weighted 30%
30% deferred fee — lower is better.
25
Share of capital growth Capital gain to resident — weighted 15%
0% — the operator keeps any resale uplift.
0
Speed your capital returns Median resale time — weighted 30%
115 days across recent resales.
92
Fees stop when you leave Weekly fees on exit — weighted 15%
Charges end on vacancy.
100
Interest if repayment is slow Interest on delayed capital — weighted 10%
Interest is payable if capital is returned late.
100
The filed terms, in plain English

What the Disclosure Statement actually says

Every operator uses different words for the same thing — we normalise them so you can compare like with like.

%

Deferred Management Fee

30%

Accrues over your first 2 years, charged on the entry price.

Market: median 30%; only 16% of villages charge under 25%.

Capital gain

0% to the resident

Any increase in the licence value at resale is kept entirely by the operator.

Market: just 8% of NZ villages share any capital gain.

How fast your capital comes back

~115 days median

Your capital is repaid once the unit is re-licensed to a new resident. (Operator-stated average: 120 days.)

Market: median 154 days; 21 villages still average over a year.

Fees & interest on exit

Resident-friendly

Weekly fees stop when you vacate, and interest is payable if your capital is returned late.

Market: 220 of 520 villages keep charging weekly fees after you've gone.
Before you sign the ORA

The reckoning usually arrives too late

  • You're buying a licence to occupy, not the home — you can't sell, rent or borrow against it.
  • A large deferred fee is gone within a few years, whatever the unit later sells for.
  • Your family carries the risk of how long resale takes — and the operator's ability to pay.
  • None of this is hidden — it's all in the Disclosure Statement most people sign without reading.
Have someone independent read it first

We'll connect you with a retirement-village review lawyer or independent financial adviser — no operator pays to be here.

Request an ORA review → Talk to a financial adviser