www.housing.org.uk

Speakers: Tony Tench

Retirement Housing and Property Director Hanover Housing Association

David Pye

Head of Development and Asset Management

Derwentside Homes

Chair: Kevin Beirne

Group Director, Housing Care and Support

One Housing Group

A4

Specialist housing for an aging population –

what’s the future?

Sponsored by

Specialist Housing for an Ageing

Population

Session focus

• Changing market

• Approach to Asset

Investment

• Considering the

options

• Developing for the

future

• Positive choice

Sex, Skydiving and Tattoos

• Retire the word

‘retirement’

• Personalise to reflect

individuals

• Why are ‘age related’

products bland and

institutional?

Housing Crisis? Bring back the

Bungalow

• Build homes people want

to live in

• Encourage downsizing

• Release family housing

• Release equity to pay for

care

Sociable Housing in Later Life

• Dislike of age

segregated ‘ghettos’

• Models that actively

enable community

inclusion

• Choice?

Ageing in the Middle

• Middle income pensioners as

well off as middle income

earners

• Should be a presumption of

equality – including sharing the

pain of deficit reduction

• Less protection from austerity

cuts for older people in return for

investment in health and

wellbeing

Strategic Response

Asset Investment Planning

Category

Potential Future Investment and/or Action

Good

Life up to 30 years or more

Acceptable (+)

Expected life 15-20 years

Acceptable (-)

Life up to 10 years

Concern

Requires immediate action – dispose/ remodel / redevelop

Current Asset Investment Strategy

• Component

replacement

• Energy efficiency

• Business case for

improvement

• Modernisations

• Options

Energy Efficiency

• Energy Performance Certificates

• Improved component performance

specifications (e.g. LED lighting)

• Pilot initiatives:

– External cladding

– Air Source Heat Pumps

– Switching electric to gas

– Building Management Systems

• Cost of improvement generates

savings for residents. Business

case for Hanover predicated on

improved demand and economic

life.

Minor improvements

• Addresses limitation of a

component led

maintenance programme

• Reflects changing

patterns of demand

• Includes:

– Lift provision

– Landscaping

– Scooter stores etc

Modernisation: From this

To this…Hanover Point Re-born!

Sales & Buy Backs

• Ownership choices

• Mixed tenure benefits

• Value for money –

challenge!

• Capital receipt

• Resident incentives

• Purchase of

leasehold

• Market rent

Co-Payments

• Bathrooms and

Kitchens

• Resident led

• Hanover contribution

• Fantastic results

• Over 50% completed

by new tenants

Option Appraisal

• Better market

understanding

• Location, location,

location!

• Business planning

• Options for concerns

Re-Develop: Haywards Heath

Conversion: Southdene

Dispose

• Moral dilemma

• EUV transfer

• Vacant sale

Development

• Contemporary offer

• Age exclusive

• 60:40 Sale to Rent

• No grant

• 1250 properties

• Target downsizers

• Reduce under occupation

Positive Choice

• Needs and demands?

• Spectrum of options

• Focus on quality

• Core values

• Central purpose

www.housing.org.uk

Speakers: Tony Tench

Retirement Housing and Property Director Hanover Housing Association

David Pye

Head of Development and Asset Management

Derwentside Homes

Chair: Kevin Beirne

Group Director, Housing Care and Support

One Housing Group

A4

Specialist housing for an aging population –

what’s the future?

Sponsored by

Excellent homes. Quality service. Proud communities.

National Housing Federation Conference 2013

Sheltered Courts – Fit For the 22nd Century

Excellent homes. Quality service. Proud communities.

Independent Living –

An Opportunity Not To Be Missed

• Changing market

• Approach to Asset Investment

• Considering the Options

• Developing for the Future

• A Model with Sustainable Demand!

• Positive Choice

Changing Market

• “The teenagers of the 60’s and

70’s are our customers of

today!!”

• Boutique Style Hotels!

• Luxury Apartments with

“Quayside Living.”

• “Sex, Skydiving, Tattoos and

ALCHOHOL!!”

Excellent homes. Quality service. Proud communities.

Approach to Asset

Investment

Excellent homes. Quality service. Proud communities.

• All Investment must be Sustainable:

Financial

- Rental Income

- Rent Loss Through

Void

- Capital Investment

- Repairs Costs

- Management Costs

Performance/Prospects

- Stock Turnover

- Management

Assessment

- Tenant Satisfaction:

- Neighbourhood

- Estate

- Social Deprivation

- SAP

Considering the Options

• 8 Sheltered Courts:

– 5 Apartment based – Sustainable.

– 3 Bedsit based – Unsustainable!!

• Options Appraisal:

– Sale.

– Demolish and land bank.

– Demolish and Rebuild.

– Major Refurbishment.

Excellent homes. Quality service. Proud communities.

Developing for the Future

• Independent Consultation by TPAS with

current and future tenants to define:

– Essential

– Desirable

• Could not afford the scheme the tenants

desired – therefore Value thorough

Innovation.

Excellent homes. Quality service. Proud communities.

Developing for the Future -

Best Practice

Excellent homes. Quality service. Proud communities.

Developing for the Future -

Innovation into Value

Excellent homes. Quality service. Proud communities.

A Model with Sustainable

Demand!!

Excellent homes. Quality service. Proud communities.

Outputs

Excellent homes. Quality service. Proud communities.

• Recycling a building through innovative refurbishment to create an

iconic contemporary building that meets tenants and business

demands;

• Breaking the mould to create aspirational boutique style retirement

accommodation fit for the 22nd century;

• Creating flexible and sustainable accommodation which meets

Lifetime Homes and Housing Corporation design standards;

• Challenging tenant aspirations through contemporary design;

• The creation of a local landmark building which provides wider

contextual benefits to the setting;

• Delivering a sense of safety and security with defensible external

space;

• Providing a scheme which incorporates facilities to generate a sense

of community through shared interior and exterior amenity spaces;

• Delivery of all essential and all desirable items within budget..

Positive Choice –

Homes With High Demand

Excellent homes. Quality service. Proud communities.

Positive Choice –

Homes With High Demand

Excellent homes. Quality service. Proud communities.

A Place I Would Be Proud

To Call Home!

Excellent homes. Quality service. Proud communities.

Where Next?

Excellent homes. Quality service. Proud communities.

Magdalene Court – 19 Apartments

Castle Court – 41 Apartments, 5 Bungalows for sale

Lynwood House (New Build) – 33 Apartments (inc 13 for

sale) plus a GP Surgery

Excellent homes. Quality service. Proud communities.

www.housing.org.uk

Speakers: Tony Tench

Retirement Housing and Property Director Hanover Housing Association

David Pye

Head of Development and Asset Management

Derwentside Homes

Chair: Kevin Beirne

Group Director, Housing Care and Support

One Housing Group

A4

Specialist housing for an aging population –

what’s the future?

Sponsored by