Key Worker Housing For Investors: The Evidence
Evidenced.
The evidence behind key worker housing: the demand around a site, the agreements the sector rests on, and each scheme’s record, in a form a buyer’s due diligence can use.
Why should anyone price homes for key workers on a forecast?
Check A Site
A free first look at the public evidence for key worker homes near any postcode in England: employer demand, recruitment pressure, rents against pay, and journeys to work. The full report, with the supporting evidence, is prepared to order.
What The Evidence Shows
Real records, from public sources.
The Register
Every staff housing scheme we have found for NHS trusts, the Ministry of Defence and other public employers: the agreement behind it, the homes it covers, and the public sources for each record.
The Cliff Edge
When the employer support behind each agreement can end, at expiry, an earliest exit or a decision date, and the employer payments at stake.
Demand Around A Site
The workplaces within reach of a site, their employers, the jobs advertised, and what staff earn against local rents, in a report prepared to order.
Roadmap
From Site To Sale
We want key worker housing to become an asset class that long-term investors buy with confidence, as purpose-built student housing has become. Long-term investors, such as insurers, want income they can rely on for decades. Key worker housing could provide it. What it often lacks is evidence of demand and performance that a buyer can underwrite, and a source of income security now that public employers cannot readily give guarantees.
We intend to provide both, stage by stage, from the first appraisal of a site to its sale. Each stage is designed to reduce the uncertainty a buyer prices: first about demand, then about letting, then about income.
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Available on request
Stage 1: Before You Build
See the workers within reach of your site before you fix the unit mix and the rents: the workplaces nearby, their employers, and the jobs by industry. Use it to size the scheme, to set rents against local pay, and to support the planning case.
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In build
Stage 2: While You Build
List the scheme as coming soon. Employers nearby will be able to match it to their requirements, and their staff will be able to register interest. The aim is to reach completion with verified demand that you can show a lender or a forward funder.
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In build
Stage 3: When You Let
Fill homes through nominations, payroll rent, and corporate lets agreed with employers. Every letting will be recorded: time to let, occupancy, rent collected, and how long residents stay.
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Intended
Stage 4: Once You Stabilise
Your scheme will be graded against the Keyworker Standard. Its record will become an evidence pack in a form a buyer’s due diligence can use: occupancy, rent collected, the employers its residents work for, and how long they stay, with no resident named.
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Intended
Stage 5: Protecting Your Income
Graded schemes will be able to apply to a pooled facility designed to cover defined shortfalls in rental income. Owners would keep a first share of any loss. Authorised insurers or other committed backers would bear the rest, rather than employers. The pool will start as a simulation, with no cover, so that its pricing can be tested against real records. Admission will depend on the grade and on the pool’s limits. It cannot be bought.
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Intended
Stage 6: When You Sell
A buyer such as a pension fund or an insurer will receive the scheme’s verified record and, where the scheme has been admitted, its protection. We will continue to monitor the income for the new owner. A better price at sale is a possible result of that evidence. We do not promise it.
Building Now?
Talk to us about a scheme in planning or under construction. We will walk you through the demand around your site, and invite you to help shape the Keyworker Standard.