Chat 1

Transforming Lives: A Supported Living Success Story

4th January 2025

When Andy and Julie approached retirement age, they never imagined their property investment journey would lead them to make such a profound impact on the lives of vulnerable children. Their story is a testament to the power of education, persistence, and partnership in the world of supported living investments.

The couple's property journey began with a focus on HMOs (Houses in Multiple Occupation) as a retirement income strategy. However, everything changed when they discovered Supported Living Gateway during the lockdown period. Andy, a firm believer in proper training, was immediately drawn to the comprehensive course offered by the Gateway. This decision would prove to be pivotal in their investment journey.

After completing the course, Andy and Julie listed their properties on the Gateway's platform. While they received interest from various care providers, they were cautious about partnering with inexperienced or rapidly expanding businesses. The Gateway's teachings emphasised the importance of having multiple exit strategies and conducting thorough due diligence, principles that the couple took to heart.

Their patience paid off when they connected with a reputable care provider specializing in long-term placements for looked-after children. This partnership, facilitated by Supported Living Gateway, marked the beginning of a new chapter in their investment strategy.

One of the most surprising aspects of their transition to supported living investments was the complete reversal in their property acquisition strategy. Andy explains, "It's strange, because it is absolutely the opposite end of that process of buying dirty, rundown properties and adding value. We want properties that are already family homes and ready to move into." This shift in approach opened up a whole new world of possibilities. Instead of competing for below-market-value properties that needed extensive renovation, Andy and Julie could now consider a wider range of homes at market rates. This not only expanded their options but also simplified the acquisition process. The value in these investments isn't created through physical improvements, but through the lease agreements and the social purpose they serve. As Andy puts it, "You're adding value through a legal process."

This revelation challenged their preconceptions about property investment and demonstrated the unique advantages of the supported living model. It's a testament to the flexibility and innovation that Supported Living Gateway encourages in its investors, showing that there are multiple paths to creating value in property investment.

Over the last 18 to 24 months, Andy and Julie have developed five supported living homes, housing 2 to 3 children in each home. The benefits of their supported living investments has quickly became apparent. With 20-year lease agreements in place, these properties offer a hands-off investment opportunity that has complemented their existing HMO portfolio. The strategy has also provided immediate capital value creation and is SSAS (Small Self-Administered Scheme) compliant, offering attractive options for pension investments.

Perhaps most rewarding is the social impact of their investments. Each home they created provides a stable, long-term environment for vulnerable children, positively affecting not just the children but their families as well. This aspect of their investment strategy brings a sense of purpose and fulfillment that goes beyond financial returns.

Andy credits much of their success to the support and guidance provided by Supported Living Gateway. The platform's network and expertise were instrumental in helping them navigate this new investment area. The importance of persistence, focus, and professional support when venturing into supported living investments cannot be underestimated.

Looking to the future, Andy and Julie see their supported living properties as a lasting legacy for their children. They're even considering diversifying further by partnering with other care providers, always with the goal of creating more homes for those in need.

Their journey from HMO investors to supported living property partners illustrates the potential of this investment strategy. It offers a unique opportunity to generate returns while making a significant positive impact on society.

Through Supported Living Gateway's guidance, Andy and Julie not only diversified their property portfolio but also created a meaningful difference in the lives of vulnerable children.

This success story showcases how property investors can transform their portfolios, achieve their financial goals, and contribute to social good. It's a powerful example of how ethical investment and profitability go hand in hand in the world of supported living, challenging traditional notions of property investment and opening new doors for those willing to explore innovative strategies.

Related News

25th October 2024

Navigating Finance for Supported Living Properties: Challenges and Opportunities

Securing finance for supported living properties can present unique challenges, but with the right approach and lender, it's not only possible but can be a rewarding investment.

Read the article >
15th August 2024

Why you need a lease, not an AST, for supported living properties

When investing in supported living properties, one crucial aspect that investors often misunderstand is the type of agreement needed between the property owner and the registered provider, or direct with the supported living provider. Many assume that an Assured Shorthold Tenancy (AST) is appropriate, but this is not the case.

Read the article >
9th August 2024

The difference between supported living and social housing in the UK

We are often asked about the difference between supported and social housing, so we thought this article might help clarify a few things. In the UK, both supported living and social housing play crucial roles in providing accommodation for those in need. However, these two types of housing serve different purposes and cater to different groups of people.

Read the article >
5th August 2024

Supported living property in your SSAS: A potential investment option

Small Self-Administered Schemes (SSAS) are pension schemes for small businesses that offer tax-efficient ways of saving and investing for the future. Many property investors, developers, and small business owners utilise SSAS for various investment activities.

Read the article >