Here are 7 reasons why... Empty care homes offer fantastic development opportunities!
🔑 Typically substantial buildings with ample land – including gardens, amenity spaces, or large carparks – making them ideal development sites.
🔑 These properties aren't usually listed with standard residential estate agents, reducing competition.
🔑 Empty care homes are often situated in desirable residential areas.
🔑 They come in various sizes and shapes, from large houses on residential streets to vast structures with acres of land, catering to all types of developers.
🔑 Given their history as residential dwellings and their location in residential areas, obtaining planning permission to convert them back into homes is usually straightforward.
🔑 Many older care homes are not renewing their licenses due to unsuitability, creating a surplus of available properties.
🔑 Care home projects can be challenging, involving conversion, new construction, and possibly dealing with listed building regulations, which narrows down competition.
Does the potential of a care home property for development appeal to you? Let's discuss further. Book a FREE call with me now!
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