FAST FACTS
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Price :Starting from £69,500
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Rental Yield :10% Net Rental Yield ( Assured for 25 years ) %110 Buyback option at year 5 %120 Buyback option at year 25
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Completion Date :Completed
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Deposit Interest :N/A
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Tenure :125 Years
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Developer :Burlem House
Apple Mews
Apple Mews is an exceptional Care Home situated in the Acklam area of Middlesbrough. It is a profitable 5* rated purpose built care home, fully occupied, with addition of new special needs unit and a total of 43 rooms. All rooms come with an en-suite WC, telephone and internet points and have free Wi-Fi at no extra cost. There is a lift to all three levels and excellent wheelchair access. Each floor has lounges and dining rooms, where nutritious, delicious meals are served. The home is ideally located close to local shops and has good public transport access.
Apple Mews offers care for the elderly and services include Residential and Dementia Residential Care and General Nursing Care. Some of those living in the home may simply enjoy being in a secure, caring environment; others require complex 24-hour nursing care.
In every case, they serve with patience, kindness and understanding. The Care Home has large gardens and furnished patio areas where residents and their visitors love to spend time. Care is given to those requiring Nursing or Personal Care and residents with Dementia, Mental Health conditions, Physical Disabilities and Sensory Impairments.
An Outstanding Opportunity
The progressive rise in life expectancy in the UK, as in other developed countries, means that there are many more people who are older than 65.
At the same time, the number of care homes in the UK has decreased by more than 50% in the last decade, from approximately 46,500 facilities to about 21,000, as a result of the government’s decision in 2008 to largely stop subsidizing care homes.
These two factors when put together have led to a high increase in demand - and, in turn, created this outstanding investment opportunity.
A Larger Ageing Population
Today there are more elderly people living in the UK than ever before. The Office for National Statistics predicts a 36% growth in persons aged 85+ between 2015 and 2025, from 1.5 million to 2 million. This is expected to lead to a substantial increase in demand for care home services. The care homes sector is worth around £15.9 billion a year in the UK, with around 410,000 residents (2017).
A Higher Demand for Beds
It is estimated that the demand for beds in care homes will rise by 60% until 2023 and by 150% until 2043. The many more elderly people living in the UK today, rightfully expect to enjoy the comfort, security and social environment that are so important for those reaching retirement. In the UK the idea of living in a care home in your golden years is very much embedded in the local culture.
Location
This part of North East Yorkshire abounds with places of interest such as Ormsby Hall,a National trust property, which is just 4.5 miles away and a 12 minute drive, Ideal for a visit with your loved ones.
