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Planning remains key barrier for seniors housing market growth

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Over a third (36%) of local authorities do not have clear policies in place to support housing for seniors, according to new research from Knight Frank and Irwin Mitchell. The significant shortcoming in the level of planning for seniors housing is particularly worrying given the UK’s ageing population; it is forecast that one in four people will be over 65 by 2037.

 

The new survey builds on research carried out in 2017 and 2020, which ranked local authorities between ‘A’ and ‘D’ according to their approach to seniors housing provision within their local plans. Local authorities with an ‘A’ rating have clear policies indicating details of the required number of dwellings/care home beds and how this will be achieved together with specific site allocations for such development, whereas those with a D rating had neither clear policies nor site allocation. 

 

This year’s survey results found that out of 326 local authorities in England 76 (23.3%) were graded A, 96 (29.4%) were graded B, 36 (11.0%) were graded C and a 118 (36.2%) were graded D. Over the five years in which this research has been carried out, the percentage of grade A local authorities in England that have adopted specific planning policies and site allocations addressing seniors housing has improved significantly – increasing from 9.7% in 2017 to 23.3% and the percentage of local authorities graded a D has also reduced – from 62% to 36.2%.

 

Ranking

2017

2020

2022

A

32

9.7%

60

18.6%

76

23.3%

B

72

22%

80

24.8%

96

29.4%

C

22

6.7%

21

6.5%

36

11.0%

D

 

203

62%

161

50%

118

36.2%

Total

329

100%

322

100%

326

100%

 

The sector is also getting much-needed support from central government, with a recently announced a cross-departmental task force on housing for older people championing the need for sector-specific legislation, clarity in the planning system, and funding for affordable housing. The National Planning Policy Framework and National Planning Policy Guidance now also acknowledge the importance of seniors housing.

 

However according to Knight Frank and Irwin Mitchell, while this represents an improvement, the rate of change is not fast enough, and out of step with the immediacy of the challenge that the country faces in providing enough age-appropriate accommodation. There are still less than a quarter of local authorities with an A grade who have both clear policies in place and site allocations, and the number of councils not adequately planning for an ageing population remains significant. The figures also reveal several regressions in the data, with 13 local authorities having moved backwards since the survey was last conducted in 2020. Of these, six (Basildon, Castlepoint, Slough, Welwyn, Hatfield, Wealden, Horsham) have regressed because of issues with their local plans. 

 

Nicola Gooch, Planning Partner at Irwin Mitchell said: “Whilst the situation is clearly improving, it is still the case that planning policies are still putting a brake on new development in the sector. We need all local authorities to take a pro-active approach if we are to unlock the full potential of seniors housing in England. However, policy change alone will not be enough unless it is also accompanied by sufficient resourcing to enable local planning authorities to devote time and attention to understanding both the demographic changes that are coming our way, the diversity of needs within our ageing population and how best to plan for those needs.”

 

Knight Frank and Irwin Mitchell have also identified the fifteen opportunity areas ripe for the development of seniors housing across England. Using a matrix looking at both the planning scores and local economic/ demographic statistics the research distinguished areas where policy and demographics suggest there is clear potential for Seniors Housing to develop, as well as those areas where local factors are creating a barrier to progress. 

 

Private Seniors Housing Accommodation – top 15

Grade

2022

Grade

2020

Affordable Senior Housing Accommodation – top 15

Grade

2022

Grade

2020

Local authority

Area

 

 

Local Authority

Area

 

 

Kensington & Chelsea

London

A

C

Southwark

London

A

D

Camden

London

A

B

Camden

London

A

B

East Hertfordshire

East of England

A

A

Kensington & Chelsea

London

A

C

Southwark

London

A

D

Brent

London

A

A

Brent

London

A

A

Hounslow

London

A

A

Tunbridge Wells

South East

A

D

Tower Hamlets

London

B

B

Reigate and Banstead

South East

A

B

Cornwall

South West

A

C

Dacorum

East of England

A

C

Leeds

Yorkshire & The Humber

A

C

Bracknell Forest

South East

A

C

Central Bedfordshire

East of England

A

A

Hounslow

London

A

A

County Durham

North East

A

B

Guildford

South East

A

A

Cheshire West and Chester

North West

A

C

Woking

South East

A

A

Northumberland

North East

A

B

Tandridge

South East

A

A

South Gloucestershire

South West

A

A

Havering

London

A

B

Wakefield

Yorkshire and The Humber

A

A

Broxbourne

East of England

A

C

Hackney

London

B

B

 

Particularly of interest are the opportunities for private Seniors Housing accommodation in London and the South East and for affordable Seniors Housing accommodation in London. The top five development opportunity areas for affordable Seniors Housing accommodation are in the capital.

 

Lauren Harwood, Head of Seniors Housing Consultancy, at Knight Frank said: “This year’s survey is released against a backdrop of an increasingly difficult development environment; with nutrient and water neutrality issues, insufficient local government resources and local plan failures all making it harder than ever to bring forward new seniors housing schemes. Rising operational and build costs, as well as an increasingly competitive land market have added another layer of complexity. As a result, there is currently still a huge supply and demand imbalance of senior housing in England, which is widening amidst a growing and ageing population. It is vital therefore that we increase the provision of seniors housing. With that in mind, it is crucial that developers understand where the opportunities are, and how they can access these to help meet the needs of our seniors.”

 

Nicola Gooch continued: The cost of appeals at inquiry is not insignificant, and through better understanding and acceptance of need, planning for it through the local plan process, and generally taking a proactive approach to this senior housing sector; councils could reduce the size of the bill picked up by the taxpayer in fighting unnecessary and unjustified appeals. We should all be seeking to work proactively together to collectively understand the methodology for calculating need for senior housing and to properly plan for it. We really can delay no longer.”

 

For more information, please see:

Retirement Living Report – How Your Local Authority Is Supporting Housing For Seniors | Irwin Mitchell

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Six houseboats for sale starting from £30,000

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Houseboats are often perceived as a cheaper alternative to owning a property on land.

But they come with their own challenges and plenty of hands-on maintenance. And of course, there is the regular job of emptying your toilet.

You’ll either have to continuously cruise or pay for a residential mooring if you live on the boat full-time.

We take a look inside six different type of houseboats that are currently for sale and ask which one would you buy - ranging from one costing just shy of £30,000 (pictured - scroll down for more details) to one that costs £2.5m

We take a look inside six different type of houseboats that are currently for sale and ask which one would you buy – ranging from one costing just shy of £30,000 (pictured – scroll down for more details) to one that costs £2.5m

Houseboats come in various shapes and sizes, including narrowboats – typically 6ft 10 in wide and up to 72 long – and Dutch barges, which are former commercial vessels that can be up to 120ft in length and 20ft wide.

They also come with various price tags and so can accommodate all types of different budgets.

Below, we take a look at six various types, ranging in price from just shy of £30,000 and a more eye-watering £2.5milion.

Daniel Copley, of Zoopla, said: ‘Investing in a home on the water may not float everyone’s boat but for those who do take the plunge, it offers both affordability and freedom to up anchor and move to different areas.

‘With luxurious amenities and spacious living areas, houseboats are a popular choice particularly in and around London.’

1. One-bed houseboat, Glasgow, £29,500

This boat is currently moored at Applecross Wharf, in Glasgow, and was converted by the current owners from a former lifeboat escape pod

This boat is currently moored at Applecross Wharf, in Glasgow, and was converted by the current owners from a former lifeboat escape pod

The houseboat is now a home with a brightly-coloured kitchen, and is currently for sale for £29,500 via Home West estate agents

The houseboat is now a home with a brightly-coloured kitchen, and is currently for sale for £29,500 via Home West estate agents

There is one bedroom on the houseboat that is separate from the main living area and it includes some storage space

There is one bedroom on the houseboat that is separate from the main living area and it includes some storage space

This boat is currently moored at Applecross Wharf, in Glasgow, and was converted by the current owners from a former lifeboat escape pod.

It has a brightly coloured kitchen with wood flooring, and one bedroom. It is being sold for £29,500 via Home West estate agents.

2. One-bed houseboat, Brentford, £100,000

This one-bedroom houseboat is currently moored in Brentford, West London, and includes a comfortable living area

This one-bedroom houseboat is currently moored in Brentford, West London, and includes a comfortable living area 

The houseboat is on the market with a price tag of £100,000 and the sale is being handled by Strike estate agents

The houseboat is on the market with a price tag of £100,000 and the sale is being handled by Strike estate agents

The boat is a Dutch barge that has been completely renovated, and includes solar panels as well as a woodburner

The boat is a Dutch barge that has been completely renovated, and includes solar panels as well as a woodburner

This one-bedroom houseboat is currently moored in Brentford, West London, and the £100,000 price tag includes both the purchase of the boat and the rental mooring.

The mooring is in a quiet location and is within walking distance to Brentford high street.

The boat is a Dutch barge that has been completely renovated, and includes solar panels and hot water supplied by an immersion heater. It is being sold by Strike estate agents.

3. Three-bed houseboat, London, £408,000

This stunning Thames barge was built in 1929 and is moored at St Katherines Dock in central London on a leisure mooring where it has been for the past 23 years

This stunning Thames barge was built in 1929 and is moored at St Katherines Dock in central London on a leisure mooring where it has been for the past 23 years

The interior has been converted to include a large living area that has an extensive library and a TV area

 The interior has been converted to include a large living area that has an extensive library and a TV area

The houseboat spreads across 1350 sq ft of space and features three attractive bedrooms - including one with an en suite

The houseboat spreads across 1350 sq ft of space and features three attractive bedrooms – including one with an en suite

The well-presented houseboat has a price tag of £408,000 and it is currently on the market via the Unique Property Company

The well-presented houseboat has a price tag of £408,000 and it is currently on the market via the Unique Property Company

There is a large separate bathroom with a roll top bath and wood on the walls and ceiling, as well as on the floor

There is a large separate bathroom with a roll top bath and wood on the walls and ceiling, as well as on the floor

This stunning Thames barge was built in 1929 and has been converted into a three-bedroom home with central heating and a wood-burning stove.

It is moored at St Katherines Dock in central London on a leisure mooring where it has been for the past 23 years. The mooring costs £12,870 a year.

The boat has a price tag of £408,000 and it is being sold via the Unique Property Company.

4. Two-bed houseboat, West Sussex, £175,000

This marina boat is currently moored in Chichester Habour, which is just four miles from Chichester city centre

This marina boat is currently moored in Chichester Habour, which is just four miles from Chichester city centre

The property has a modern living area and is currently on the market for sale for £175,000 via H2O Homes estate agents

 The property has a modern living area and is currently on the market for sale for £175,000 via H2O Homes estate agents

The smart property boasts two bedrooms with modern coloured lighting, including this one that also features a TV on the wall

The smart property boasts two bedrooms with modern coloured lighting, including this one that also features a TV on the wall

There is a kitchen with white cabinets, a modern worktop and wood effect flooring to complete the monochrome look

There is a kitchen with white cabinets, a modern worktop and wood effect flooring to complete the monochrome look

This marina boat is currently in Chichester Habour and is for sale for £175,000 via H2O Homes.

It boasts two bedrooms and a bespoke awning allowing use of the deck come rain or shine.

5. Five-bed houseboat, London, £2.5m

This houseboat is currently moored at the prestigious St Katharine Docks, which is London's premier luxury yacht marina

This houseboat is currently moored at the prestigious St Katharine Docks, which is London’s premier luxury yacht marina

This 1930s steel boat for sale has an eye-watering price tag of £2.5million and is being sold by RiverHomes

This 1930s steel boat for sale has an eye-watering price tag of £2.5million and is being sold by RiverHomes

It has been converted into a luxury home with a central atrium stairway to a lower deck, which has five bedrooms as well as access to a jet ski platform

It has been converted into a luxury home with a central atrium stairway to a lower deck, which has five bedrooms as well as access to a jet ski platform

The large living area includes a kitchen with a breakfast bar, as well as a separate dining area with plenty of space to entertain

The large living area includes a kitchen with a breakfast bar, as well as a separate dining area with plenty of space to entertain

One of the more unusual features of the houseboat is a sauna (pictured), which adds a luxurious touch to the property

One of the more unusual features of the houseboat is a sauna (pictured), which adds a luxurious touch to the property

This 1930s steel boat for sale has an eye-watering price tag of £2.5million and is being sold by RiverHomes.

It has been converted into a luxury home with a central atrium stairway to a lower deck, which has five bedrooms as well as access to a jet ski platform.

6. Three-bed houseboat, Hampton, £500,000

This three-bedroom floating home is in Hampton, in the London borough of Richmond upon Thames

This three-bedroom floating home is in Hampton, in the London borough of Richmond upon Thames

It is on a desirable private island located in the middle of the River Thames and is for sale for £500,000 via Water Side Residential estate agents.

It is on a desirable private island located in the middle of the River Thames and is for sale for £500,000 via Water Side Residential estate agents.

The kitchen is well equipped and includes colour coordinated tiles on the walls and a white porcelain sink

The kitchen is well equipped and includes colour coordinated tiles on the walls and a white porcelain sink

This spacious bedroom includes plenty of storage on one wall as well as a good-sized window with a view of the River Thames

This spacious bedroom includes plenty of storage on one wall as well as a good-sized window with a view of the River Thames

This three-bedroom floating home is in Hampton, in the London borough of Richmond upon Thames.

It is on a desirable private island located in the middle of the River Thames and is for sale for £500,000 via Water Side Residential estate agents.

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Abrdn acquires Waddinxveen warehouse scheme (NL)

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abrdn European Logistics Income has signed the purchase agreement for the acquisition of the recently completed warehouse extension at Waddinxveen, the Netherlands, for a total net purchase price of €4.9m. The company exercised its right of refusal over this development located directly adjacent to the existing warehouse bought in 2018. This land, owned by and developed with our tenant Combilo, has provided an additional circa 2,400m² of cooled warehouse space and 157m² of office space. The extension will allow Combilo to service its growing client base, including a Swedish supermarket chain. The lease runs concurrent with the original, with over 11 years remaining, and will generate additional rent of €250,000 per annum, reflecting a yield of 5%. The extension complies with the latest energy neutrality standards in the Netherlands and includes 16 rooftop solar panels, resulting in an A+++ energy rating.

 

In addition, the company has agreed a new 5 year lease with ADER at Unit 3, part of Phase II at its Gavilanes site, Madrid. ADER provides distribution services to companies in the freight and logistics sector and is consolidating its operations in the Gavilanes area with the leasing of this second, 7,375m² building. The annual contracted rent of almost €470,000 per annum is fully CPI indexed and in line with expectations.

 

Evert Castelein, Fund Manager for ASLI, commented: “Supporting our tenants as they expand is a key part of our strategy. This is another example of how flexibility and the option to extend buildings within our portfolio can create additional value over the medium term. The new lease with ADER not only improves the portfolio’s income characteristics, but also underscores the desirability of the Gavilanes assets, which offer access to c. six million people across the wider Madrid area.”

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Garden offices and orangeries are increasing in popularity among homebuyers says Rightmove

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Garden offices, bi-fold doors and orangeries are among popular features that homebuyers are searching for, new research has revealed.

Rightmove looked at the home features that have grown the most in popularity, based on the number of agents advertising them as a key selling point on its website.

It found that garden offices top the list, with the proportion of property listings that mention them now 11 times higher than a decade ago, up 1046 per cent.

The proportion of property listings that mention garden offices is up 1046 per cent in the past 10 years, according to Rightmove

The proportion of property listings that mention garden offices is up 1046 per cent in the past 10 years, according to Rightmove

Rightmove looked at the home features that have grown the most in popularity

Rightmove looked at the home features that have grown the most in popularity

Bi-fold doors are second on the list, up 589 per cent compared to ten years ago, followed by orangeries, which are up 173 per cent during the same period.

Also in the list is summer houses, which have increased in popularity by 90 per cent, while greenhouses appear to be on the way out, down by 46 per cent.

Meanwhile, Rightmove said concerns about the environment are rising in priority, with the number of new property listings now mentioning an electric car charging point having increased six times, up 495 per cent, compared with a year ago.

The findings suggested that homeowners could be ditching separate dining rooms for more modern open plan options, with mentions of dining rooms in property adverts down by 28 per cent, and mentions of open-plan rooms up 74 per cent.

Rightmove suggested that the decline of the popularity of dining rooms may also be down to more people converting this room into a home office.

Other features dropping in popularity in the agent listings include conservatories, down 52 per cent, greenhouses, down 46 per cent and fitted wardrobes, down 29 per cent.

House hunters are seeking outdoor spaces and better use of these garden spaces

House hunters are seeking outdoor spaces and better use of these garden spaces 

Rightmove’s Tim Bannister said: ‘Agents and developers have their finger on the pulse when it comes to the home features that will attract suitable buyers.

‘Where dining rooms and fitted wardrobes may not be as important to some potential buyers compared with ten years ago, other features like an outdoor office space have soared as working patterns have changed, and the findings indicate a move towards greener features too.

‘With outside space coming at such a premium, it may be that homeowners are ensuring what they build outside can be used in a number of different ways.

‘For example, summer houses and orangeries are likely to have fewer or smaller windows than conservatories, and so can more suitably double up as home offices during the week and entertaining spaces at the weekend.’

The proportion of property listings that mention bi-fold doors has increased 589 per cent compared to ten years ago

The proportion of property listings that mention bi-fold doors has increased 589 per cent compared to ten years ago

James Holmear, of developer Redrow, said: ‘These findings flow from the demand for more space at home which can accommodate blended personal and professional lives.

‘Home offices have been increasing in popularity as many people continue to work from home on a more permanent basis.

‘Bifold doors are also highly sought after as they enable people to use space flexibly and extend their living space seamlessly into the outdoors. Sustainable features such as EV chargers, solar panels, water butts and eco waste bins are all rising up the priority list.’

Steve Rule, of Cala Homes, said: ‘Over the last couple of years there has been a real shift in what home-hunters are looking for.

‘Buyers are considering in much more detail what they really want and need from their home, and on truly optimising their space, especially as many are spending more time there through home or hybrid working.

Adrienne Minster, of Rated People, added: ‘Homeowners want to reduce their impact on the planet and cut the cost of bills by making their homes more environmentally friendly – in fact, the number one reason for making eco improvements is to lower their bills.

‘So, with the rising cost of living and increasing awareness of the importance of living sustainably, it’s no surprise to see that more homeowners are choosing to make greener swaps and invest in the likes of underfloor heating.’

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