Why invest in Hartlepool?
According to Tees Valley Unlimited, over 65s are projected to comprise over 25% of the town’s population by 2032, so the market for care homes is burgeoning, and at the moment there is a significant lack of care homes in the area. Those aged over 85 have almost doubled since 1992, and by 2032 there is predicted to be over 4,100 – so there is a recognisable demand for care homes in this area of the north east.
About Park Avenue Care Community, Hartlepool County Durham
Park Avenue Care Community is a 27-bed luxury care community which makes up part of a grand Grade II listed building located within an affluent residential area in central Hartlepool, with easy access to entertainment and leisure facilities. The developer acquired the former care home and aims to redevelop it into a more robust and successful luxury care community (typically luxury care homes outperform other care home options).
The building faces the leafy Ward Jackson Park, and although significant refurbishment of the development is already underway, it will retain its beautiful Italianate facade.
All en-suite studios are generously proportioned and boast a plasma tv, fridge, wireless nurse call system and WiFi. Interiors will be designed by specialists with over 20 years’ experience in creating comfortable and homely surroundings for those in later life.
Hartlepool Care Home Investment Fundamentals
- Purchase price from £69,950
- 10% net rental assured for 10 years
- 110% buy back in year 5. 125% buy back in year 10.
- Income paid monthly
The robust luxury care home sector
This investment is uniquely positioned as a luxury care home, attracting self-paying residents who wish to spend their twilight years in beautiful surroundings enjoying excellent company. These niche luxury care homes with a high proportion of self-paying residents have proven to make excellent investments, as these care homes often achieve better profit margins compared to those with a high number of residents reliant on support from local authorities.
Enquire today to find out more about this investment and the benefits of investing in luxury care homes.