A new £8m retirement village based around a dilapidated mansion could be completed in Bourne within two years.
The Croft site in North Road will be transformed into 68 retirement bungalows, hopefully by September, 2013.
Larkfleet Homes and Keystone Developments are working together to create the complex and plan to begin construction work in September.
The old manor house will be preserved as part of the new development as a community centre.
Larkfleet Homes sales director Jason Colmer said The Croft offered historic value and so they were trying to retain its character, although internally it would be modernised.
He said: “The Croft is exclusive, with the manor house becoming part of a new residential area.”
The manor house will be the base for everyone living at The Croft. It will have a communal lounge and dining room, as well as IT facilities, a sun room, laundry room and much more.
People who had previously expressed an interest in the development have already had a look around the site and this week members of the public were also given that chance to find out more.
A temporary sales office is at the North Road entrance to the property and is built in the style of the two-bedroom bungalows on site.
Mr Colmer said staff had seen about 70 potential buyers in the last 10 days.
“Four properties have been reserved so far,” he said. “The interest shown so far has exceeded our expectations.”
Mr Colmer said people moving into the complex could offer accommodation to their guests in the manor house.
He said: “On the first floor of the house there will be a guest suite. A room can be booked and paid for, so relatives and friends can stay.
“A consultation room is also being planned in the house which can be used for hairdressing, aromatherapy or to have an osteopath come in – whatever the residents choose.”
Prices for homes range from £145,000 for a one-bedroom bungalow to £279,995 for a three-bedroom chalet bungalow. There is also a shared equity scheme available.
Mr Colmer. said he hoped that about 10 people will have moved into The Croft by spring next year.