Housing for Older People Diverging Business Models Anne-Marie Nicholson – Partner Jenny Buterchi – Director
A Growing Market Check with marketing that these awards are up to date
Health in Crisis: Care in the Community Dementia Care Day Care Respite Care Rehab Nursing Hospital £3,000pw Private Nursing £1,000pw Residential Care (Public sector) £350- £500pw Assisted Living £150- £200pw Home Care £15ph Home Care RESIDENTIAL COMMUNITY Acute Hospitals Check with marketing that these awards are up to date Home Care
Indicative Housing Market for Older People Private Sector Private Sale Staying put Home Care Services & Home Improvement Agencies Middle Market Text page with NO bullets. In the ‘Format’ menu / ‘Slide Design’ this is a ‘NO BULLET TEXT’ design template. COPY and PASTE this page if you need more pages. Public (Voluntary) Sector Local Authorities Housing Association Charities Leasehold Sale Shared Ownership Affordable Rental
Independent Living: An attractive alternative for older people wishing to downsize across both public & private sectors
Attractive Inclusively-Designed Apartments
Independent Living (HAPPI Housing?) Staying in Control Choice & Variety Design Quality: Attractive Homes Lifestyle Alternative Location & Connectivity Affordable Care Continuity Lifetime Neighbourhood Care and Support Independence & Control Community Interface Lifestyle Alternative Attractive Homes Text page with NO bullets. In the ‘Format’ menu / ‘Slide Design’ this is a ‘NO BULLET TEXT’ design template. COPY and PASTE this page if you need more pages.
Diverging Business Models
Diverging Business Models – The Middle Market Little or no Grant available Cross subsidy benefits Planning gain Community benefit Meeting a demand Sustainable communities Huge numbers of home owners over 55 Boomer generation looking for a lifestyle change Social Housing providers and the Private sector are focussing on the same sector.
Orbit Independent Living St Bede’s, Bedford Orbit Independent Living
St Bede’s, Bedford ST BEDE’S, BEDFORD Client : Orbit Independent Living Project HAPPI Winner Housing Design Awards 2011 Best Development Winner CIH Midlands Awards 2014 104 Units: 29 x 1Bed 75 x 2Bed Mixed Tenure 50% Affordable Rent 50% shared ownership Central location Existing buildings Completed Summer 2014
New Build / Retained Buildings / Demolished Buildings St Bede’s, Bedford ST BEDE’S, BEDFORD New Build / Retained Buildings / Demolished Buildings
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
Interiors by PRP working closely with the client and end user ST BEDE’S, BEDFORD Interiors by PRP working closely with the client and end user
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
St Bede’s, Bedford ST BEDE’S, BEDFORD
Queensway, Leamington Spa Orbit Independent Living
Queensway, Leamington Spa ST BEDE’S, BEDFORD Client: Orbit Independent Living 178 Units 110 x 2beds 68 x 1beds Mixed Tenure up to 99% shared ownership External Deck access Dual aspect flats Central location Adjacent to commercial retail park and housing area Change of class use from Employment Completion due April 2015
Queensway, Leamington Spa ST BEDE’S, BEDFORD
Queensway, Leamington Spa ST BEDE’S, BEDFORD
Queensway, Leamington Spa
Queensway, Leamington Spa ST BEDE’S, BEDFORD
Queensway, Leamington Spa ST BEDE’S, BEDFORD
Queensway, Leamington Spa ST BEDE’S, BEDFORD
Wycliffe Village, Wycombe Grant Taylor
Wycliffe Village, Wycombe ST BEDE’S, BEDFORD Supported Living Community 169 Units comprising 115 supported Living Units 24 Care Suites 30 Dementia Care Suites Clubhouse Outright sale and private rental
Wycliffe Village, Wycombe ST BEDE’S, BEDFORD A range of accommodation and care to suit individual needs
Wycliffe Village, Wycombe ST BEDE’S, BEDFORD
Wycliffe Village, Wycombe ST BEDE’S, BEDFORD
Wycliffe Village, Wycombe ST BEDE’S, BEDFORD
St Mary’s Lane, Upminster McCarthy & Stone
St Mary’s Lane, Upminster Client : McCarthy & Stone 21 Units: 3 x 1Bed Apartments 19 x 2Bed Apartments Site Area 0.2 ha A ‘Later Living’ Development Aimed at younger older people Within residential area Close to High Street Good transport links Views of Upminster Park to the south Footpath link to park along boundary Planning Approval December 2014 St Mary’s Lane Upminster Park Station Road
St Mary’s Lane, Upminster Communal Accommodation to suit size of development including:- Generous foyer Resident’s Lounge Communal Terrace Guest Suite Bicycle & Buggy Store Concierge Service Service charge has to be kept affordable for residents 17 parking spaces for 21 units St Mary’s Lane St Mary’s Lane Upminster Park
St Mary’s Lane, Upminster 1 Bed Apartment Area = 57 m² Ensuite Bathroom with bath option 2 Bed Apartment Area = 79 m² Ensuite bathroom & separate shower room Majority of Apartments to have 2 bedrooms All to have generous balconies Generous storage Kitchens ideally should have external windows
St Mary’s Lane, Upminster Contextual yet Contemporary View from Park
St Mary’s Lane, Upminster Active Street Frontage View from St Mary’s Lane
Powell Road, Buckhurst Hill McCarthy & Stone
Powell Road, Buckhurst Hill Client : McCarthy & Stone 65 Units: 15 x 1Bed Apartments 49 x 2Bed Apartments 1 x 3 Bed Apartment Site Area 0.92 ha Private for Sale An ‘Assisted Living’ Development Housing with Flexible Care Within residential area Abounds Linder’s Field Nature Reserve Awaiting Planning Determination
Powell Road, Buckhurst Hill 0.6 miles to Tube Station Level change across site Within Green Belt Very affluent area!!
Powell Road, Buckhurst Hill Sense of Arrival Port Cochere 57 Parking spaces Active street frontage Distinct Private landscape courtyards Upper Ground Floor
Powell Road Extra Care, Buckhurst Hill Visible from the Street Entrance & Restaurant Terrace
Powell Road, Buckhurst Hill Extensive Communals including:- Generous Foyer Reception with Coffee Bar Restaurant Function Room Lounge Buggy Store Wellbeing Suite Guest Suite Access to garden on two levels
Powell Road, Buckhurst Hill Entrance Foyer
Powell Road, Buckhurst Hill Open Plan Lounge
Powell Road Extra Care, Buckhurst Hill 1 Bed Apartment Area = 57 m² Ensuite Bathroom with bath option 2 Bed Apartment Area = 79 m² Ensuite bathroom & separate shower room Majority of Apartments to have 2 bedrooms One 3 Bedroom Apartment All to have generous balconies Kitchens to have external windows or Juliette balconies Generous walk-in wardrobes
Powell Road Extra Care, Buckhurst Hill Embedded within Landscape Setting View from Nature Reserve
Powell Road Extra Care, Buckhurst Hill Reinventing the Manor House Main Entrance
Conclusion Model must flex to suit Location Budget – service charge Demand in area 58% of over 60’s are interested in moving with ¼ interested in buying a retirement property - equates to 3.5M people (HBF) Currently building 100,000 per annum Lack of private for sale units Insufficient supply across tenures Market can support a variety of models & tenure