About us
IMPACT, INNOVATION & INCOME
Founded in 2019, UK COMMUNiiiTY HOMES (previously 3i Property) are engaged in the acquisition, consolidation and management of affordable residential properties in the North West & North East of England, Midlands and Wales.
Acquiring tenanted 2-3 bed terraced houses, apartments and HMO's in the United Kingdom (North West & the North East of UK, Midlands & Wales) UK COMMUNiiiTY HOMES is perfectly placed to take advantage of the current opportunity on the UK market which has lack of affordable housing.
The Company has its own positive impact strategy regarding improved tenant living conditions and support of local communities.
The Company consists of 2 founding members with extensive experience within the international property and investment management sectors. Through their experience and established track records they have amassed a comprehensive network of qualified local sourcing, property agents and property managers as well as senior UK financial and legal advisors
CURRENT OPPORTUNITY ON THE UK AFFORDABLE HOUSING MARKET
Acquiring tenanted 2-3 bed terraced houses, apartments and HMO's in the United Kingdom (North West & the North East of UK, Midlands & Wales) UK COMMUNiiiTY HOMES is perfectly placed to take advantage of the current opportunity on the UK market which has lack of affordable housing.
The Company has its own positive impact strategy regarding improved tenant living conditions and support of local communities.
The Company consists of 2 founding members with extensive experience within the international property and investment management sectors. Through their experience and established track records they have amassed a comprehensive network of qualified local sourcing, property agents and property managers as well as senior UK financial and legal advisors
CURRENT OPPORTUNITY ON THE UK AFFORDABLE HOUSING MARKET
- Asset Backed investment purchasing maintained, tenanted & “cash flow generating„ residential assets in the UK.
- No permitting or build risk. Most properties are tenanted upon acquisition and therefore cash flow producing from day one.
- The average rents of GBP 500-600 have been stable over couple of decades and can be well supported by a mixture of average wages in the area of GBP 1,200 per month and state support - housing benefit paid directly to the property owner.
- Due to local shortage of affordable homes the occupancy is kept high at 90%.
- Current favourable market conditions in the United Kingdom to buy the target assets on large scale:
- Continued lack of affordable housing in the UK (300-400thsd. homes per year) and the need for good professional landlords to take care of the existing stock (since commercial developers are not typically targeting these type asset development due to lower profitability – UK COMMUNiiiTY HOMES is actually buying the assets below their replacement value).
- Most UK PRS funds are acquiring new „build to rent” stock for middle and upper middle class, which can be exposed to higher vacancy in economic downturns (as is currently expected) vs UK COMMUNiiiTY HOMES's typical tenants who are paying rent at already government subsidy levels (GBP 500-600 per month) and stay for a long term due to lack of alternative affordable living.
- Distress among the Vendors (economic crisis, section 24, Brexit, foreign capital exit and COVID-19 etc). Due to “Section 24”, which makes mortgage interest on buy to let housing “non-tax deductible” for landlords, there is an expectation of large volumes of portfolios coming on the market as exit sales by private owners.
- The prices of target assets (terraced/semi-detached/detached homes, apartments and HMO's) have dropped to a level where UK COMMUNiiiTY HOMES can buy below Market Value and at 8 – 12% p.a. rental gross yields
- Acquisition bridging and Long Term Buy to Let financing has become more affordable.
- Recent elections results (5 years stability)
- 50%-60% of tenants are collecting state support - Housing benefit paid directly to UK COMMUNiiiTY HOMES
Target amount of
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Gross rental yields8-12% p.a.Through its property sourcing network UK COMMUNiiiTY HOMES are acquiring apartments, terraced homes and HMO's in the UK at below Market Values and at 8 – 12% p.a. gross rental yields (which are rental yields not achievable in London or across comparable cities in Europe) |
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IMPACT - SOCIAL RESPONSIBILITY
Targeting to buy 10,000 houses in the coming years UK COMMUNiiiTY HOMES understands the great responsibility that comes with it. Close to 30,000 lives will be touched and it is vital that we plan ahead. Social responsibility is one of those not seen, non-profit philanthropic endeavours that our Group will address and manage as we expand our real estate portfolio and tenant community.
In addition to employing experienced specialist property managers there is the scope to widen the employee role across functions to include former military personnel by offering training and retraining, apprenticeship schemes to younger applicants with the provision of homes where appropriate. Employment of an older workforce either full or part time where mentoring can also be a function of the experience that sector brings.
Additional positive impact will involve cooperation with local city councils and housing associations to provide part of the portfolio for helping with the lack of social housing. UK COMMUNiiiTY HOMES will help fund and sponsor local schools needing computers, sports equipment, transportation and others. Supporting the elderly, handicapped and homeless community will be part of the on-going support that our Group can provide. Giving back to the new communities that we have become a part of.
Every little helps.
In addition to employing experienced specialist property managers there is the scope to widen the employee role across functions to include former military personnel by offering training and retraining, apprenticeship schemes to younger applicants with the provision of homes where appropriate. Employment of an older workforce either full or part time where mentoring can also be a function of the experience that sector brings.
Additional positive impact will involve cooperation with local city councils and housing associations to provide part of the portfolio for helping with the lack of social housing. UK COMMUNiiiTY HOMES will help fund and sponsor local schools needing computers, sports equipment, transportation and others. Supporting the elderly, handicapped and homeless community will be part of the on-going support that our Group can provide. Giving back to the new communities that we have become a part of.
Every little helps.
INNOVATION
Due to the founders‘ previous tech experience, it is planned that an add-on services and big data strategy will be implemented once the business reaches sufficient scale in number of units (500 and more).
First proptech innovation will be an investor app to allow investors access to dashboard of units bought with their invested funds and see various details (photo, address, purchase price, market value, rent & rent collection details etc)
Add-on services to tenants using big data:
First proptech innovation will be an investor app to allow investors access to dashboard of units bought with their invested funds and see various details (photo, address, purchase price, market value, rent & rent collection details etc)
Add-on services to tenants using big data:
- Insurance
- Energy
- Cable TV / Internet / SIM cards
- Bank accounts/Payment & Credit cards
- Travel packages
INCOME
UK COMMUNiiiTY HOMES focuses on creating, sourcing, developing and co-managing "income producing" real estate assets (income & asset backed approach) in the UK with financial participation & support of various international equity & debt partners. UK COMMUNiiiTY HOMES implements proptech & fintech components to each of its projects to provide essential innovation and modernization to enhance and extract further value out of the assets.
Given the volatility of the markets due to the COVID-19 crisis, hard & stable income producing assets (such as UK COMMUNiiiTY HOMES's affordable homes business) are an attractive alternative investment. Additionally, within the real estate sector it is not exposed to such downturn risks now as for example mid-to-high end residential, office and hospitality real estate assets.
Our goal is to provide sustainable income streams from UK Affordable housing portfolios’.
Given the volatility of the markets due to the COVID-19 crisis, hard & stable income producing assets (such as UK COMMUNiiiTY HOMES's affordable homes business) are an attractive alternative investment. Additionally, within the real estate sector it is not exposed to such downturn risks now as for example mid-to-high end residential, office and hospitality real estate assets.
Our goal is to provide sustainable income streams from UK Affordable housing portfolios’.