His vast fortune enabled him to become possessed of his ancestral estates at Clopton, the inheritance of his elder brother, and it is certain that the neighbouring town of Stratford-upon-Avon was his favourite place of residence. In about 1483 he erected there (in Chapel Street) "a pretty house of brick and timber", which was later purchased in 1597 and renovated by the playwright William Shakespeare, and under the name of New Place served as his residence until his death in 1616.