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Housing for Older People Diverging Business Models

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Presentation on theme: "Housing for Older People Diverging Business Models"— Presentation transcript:

1 Housing for Older People Diverging Business Models
Anne-Marie Nicholson – Partner Jenny Buterchi – Director

2 A Growing Market Check with marketing that these awards are up to date

3 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

4 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

5 Independent Living: An attractive alternative for older people wishing to downsize across both public & private sectors

6 Attractive Inclusively-Designed Apartments

7 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.

8 Diverging Business Models

9 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.

10 Orbit Independent Living
St Bede’s, Bedford Orbit Independent Living

11 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

12 New Build / Retained Buildings / Demolished Buildings
St Bede’s, Bedford ST BEDE’S, BEDFORD New Build / Retained Buildings / Demolished Buildings

13 St Bede’s, Bedford ST BEDE’S, BEDFORD

14 St Bede’s, Bedford ST BEDE’S, BEDFORD

15 St Bede’s, Bedford ST BEDE’S, BEDFORD

16 St Bede’s, Bedford ST BEDE’S, BEDFORD

17 St Bede’s, Bedford ST BEDE’S, BEDFORD

18 St Bede’s, Bedford ST BEDE’S, BEDFORD

19 St Bede’s, Bedford ST BEDE’S, BEDFORD

20 St Bede’s, Bedford ST BEDE’S, BEDFORD

21 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

22 St Bede’s, Bedford ST BEDE’S, BEDFORD

23 St Bede’s, Bedford ST BEDE’S, BEDFORD

24 St Bede’s, Bedford ST BEDE’S, BEDFORD

25 St Bede’s, Bedford ST BEDE’S, BEDFORD

26 St Bede’s, Bedford ST BEDE’S, BEDFORD

27 St Bede’s, Bedford ST BEDE’S, BEDFORD

28 St Bede’s, Bedford ST BEDE’S, BEDFORD

29 Queensway, Leamington Spa Orbit Independent Living

30 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

31 Queensway, Leamington Spa
ST BEDE’S, BEDFORD

32 Queensway, Leamington Spa
ST BEDE’S, BEDFORD

33 Queensway, Leamington Spa

34 Queensway, Leamington Spa
ST BEDE’S, BEDFORD

35 Queensway, Leamington Spa
ST BEDE’S, BEDFORD

36 Queensway, Leamington Spa
ST BEDE’S, BEDFORD

37 Wycliffe Village, Wycombe
Grant Taylor

38 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

39 Wycliffe Village, Wycombe
ST BEDE’S, BEDFORD A range of accommodation and care to suit individual needs

40 Wycliffe Village, Wycombe
ST BEDE’S, BEDFORD

41 Wycliffe Village, Wycombe
ST BEDE’S, BEDFORD

42 Wycliffe Village, Wycombe
ST BEDE’S, BEDFORD

43 St Mary’s Lane, Upminster
McCarthy & Stone

44 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

45 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

46 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

47 St Mary’s Lane, Upminster
Contextual yet Contemporary View from Park

48 St Mary’s Lane, Upminster
Active Street Frontage View from St Mary’s Lane

49 Powell Road, Buckhurst Hill
McCarthy & Stone

50 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

51 Powell Road, Buckhurst Hill
0.6 miles to Tube Station Level change across site Within Green Belt Very affluent area!!

52 Powell Road, Buckhurst Hill
Sense of Arrival Port Cochere 57 Parking spaces Active street frontage Distinct Private landscape courtyards Upper Ground Floor

53 Powell Road Extra Care, Buckhurst Hill
Visible from the Street Entrance & Restaurant Terrace

54 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

55 Powell Road, Buckhurst Hill
Entrance Foyer

56 Powell Road, Buckhurst Hill
Open Plan Lounge

57 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

58 Powell Road Extra Care, Buckhurst Hill
Embedded within Landscape Setting View from Nature Reserve

59 Powell Road Extra Care, Buckhurst Hill
Reinventing the Manor House Main Entrance

60 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

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