Plans for a care village to be created on the campus site of Warwickshire College have been given the green light by Stratford District Council.
The development will see the Georgian, Grade II-listed Arden House converted into retirement apartments at its heart. A care home with communal facilities and 45 self-contained homes will also be built.
So far only an outline plan has been approved, with a more detailed application expected within 18 months.
The project is expected to be completed by 2021, when its first residents will move in.
Bill Leech, chairman of the parish council, told the Stratford on Avon Herald: “It’s a good solution for Henley.
“The beautiful Georgian, Grade II-Listed building is an important landmark for the south side of Henley, so we are pleased to see that will remain.
“We still have some concerns about access into the site, it is not suitable in parts for emergency vehicles and we await the detailed planning application, although we expect nothing to happen in the next 18 months to two years.”