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Supported living schemes cater to a diverse range of individuals, making the type of property required equally varied. In our comprehensive article on “The most common tenant types,” we delve into the primary tenant groups, shedding light on the diverse property needs in supported living.
The reality is that the suitability of a property is as unique as the person who will call it home. For instance, we often have providers seeking uncomplicated one-bedroom flats, ideal for individuals with learning disabilities, requiring only a few hours of daily support. There’s a growing preference for granting individuals their own front door, promoting independent living while ensuring 24-hour access to necessary care. As a result, blocks of flats, particularly one-bedroom units, are consistently sought after. This setup is especially favored by providers assisting those with long-term mental health needs or learning disabilities. These providers often seek blocks of eight one-bedroom flats, reserving one for staff use while leasing out the remaining seven to tenants.
Bungalows are another highly sought-after option in supported living. Small bungalows are well-suited for individuals with complex needs, valuing privacy and sufficient space. On the other hand, larger bungalows are popular among groups of individuals with physical disabilities, desiring an accessible adapted living space.
Additionally, HMOs (House in Multiple Occupation) remain a desirable property type for many providers. Preferences vary, with some seeking HMOs boasting en suite bathrooms, while others opt for shared bathroom setups to discourage isolation. A sense of community is often fostered within these properties, emphasizing larger communal spaces as an integral feature.
Understanding that property demand and requirements vary by region, provider, and tenant type, it becomes challenging to make generalizations. Hence, we always advocate for multiple exit strategies to mitigate risks for investors. The search for the right supported living provider may be intricate, but the investment benefits outweigh the complexity