The type of property required for supported living can vary significantly, reflecting the diverse needs of those who benefit from these schemes. While there are common misconceptions about the types of housing needed—often picturing large HMOs or old nursing homes—the reality is far more varied and personalised.
Supported living encompasses a wide range of tenant groups, each with unique requirements. Providers often seek a variety of property types to meet these needs, challenging the stereotype that only large, communal spaces are in demand. In fact, the needs of individuals can range from simple one-bedroom flats to more complex, accessible properties.
One-Bedroom Flats
One-bedroom flats are increasingly popular in supported living. These properties provide tenants with their own front door, allowing for independence while still offering access to 24-hour care if needed. This model is particularly favored for individuals with learning disabilities or long-term mental health needs who may only require limited daily support. Providers often look for blocks of one-bedroom flats, where one unit can serve as a staff hub while the others house tenants. This setup balances independence with the availability of support, creating a supportive yet self-sufficient living environment.
Bungalows
Bungalows are another highly sought-after property type. Small bungalows are ideal for individuals with complex needs who require privacy and space. Larger bungalows, on the other hand, are well-suited for groups, such as young people with physical disabilities who want to live together in an accessible, adapted environment. The single-story layout of bungalows makes them particularly beneficial for those with mobility issues, ensuring easy access to all areas of the home.
HMOs (Houses in Multiple Occupation)
Despite evolving preferences, HMOs remain in demand among some providers. These properties can cater to individuals who might benefit from shared living environments, fostering a sense of community and reducing isolation. Providers might look for HMOs with all en suite bathrooms or those with shared bathrooms to encourage social interaction. Larger communal spaces are often a key feature, helping to create a community atmosphere within the property.
The demand for specific property types can vary widely by region, provider, and the particular needs of tenants. This variability makes it challenging to generalise the perfect property for supported living. Consequently, investors are advised to have multiple exit strategies to mitigate risk and ensure flexibility in meeting different needs.
Supported living requires a diverse range of property types to cater to the varying needs of its tenants. From one-bedroom flats and bungalows to HMOs, the right property depends on the individual circumstances of the tenants. Understanding these needs and investing accordingly can be complex but ultimately rewarding, offering significant benefits to both tenants and investors.
Supported Living Gateway is a members-only property portal specialising in supported living property investment. If you have properties that you would like to advertise to supported living providers, you can list your properties on our site. Find out more at www.supportedlivinggateway.com.
