Prem Property partnered with an experienced East Midlands developer to reposition a high-specification self-build property near Ravenshead as a long-term children’s residential care asset.
The proposed structure included an indexed seven-year commercial lease, indicative rental income of £6,500–£8,000 per month and a fully managed arrangement designed to minimise void risk and landlord involvement.
Prem Property coordinated the property strategy, care-provider relationship, planning guidance, compliance support and long-term exit structure. The solution was designed to provide stable, inflation-protected income while creating high-quality accommodation for vulnerable young people.
Behind every property transaction is a human story. The owner of this asset is a seasoned East Midlands builder and developer with over 13 years of ground-up construction experience. Having worked his way up from a bricklayer by trade to delivering multi-unit residential schemes across Nottinghamshire and Derbyshire, he intimately understands the demanding nature of the construction industry.
“I’ve built ground-up for 13 years—from 16-unit developments to bespoke houses. But construction takes a toll, and I wanted an investment structure where I could hand over the keys and secure my income without managing daily tenant issues.”
When connecting with Ronaldo Hare, Founder of Prem Property, the alignment was immediate. Beyond real estate, Ronaldo leads the Men’s Prosperity Club and collaborates with the Samaritans to support mental health awareness—a topic that hit close to home for the developer. Having experienced the pressures of the building trade firsthand, the developer was drawn to Prem Property’s core philosophy: using bricks and mortar to drive real social impact, rather than chasing purely transactional gains.
From a financial standpoint, the developer wanted to keep his capital working without tying up personal time:
Mortgage Coverage: The guaranteed monthly rental income was earmarked directly to service the mortgage on his new family residence, unlocking total financial freedom.
100% Hands-Off Operation: After years of managing sites, he sought a true “set-and-forget” model where a professional team manages maintenance, compliance, and provider relationships.
Location: Ravenshead, Nottinghamshire.
Asset Type: High-specification self-build residence featuring an air-source heat pump system (A-rated EPC candidate), luxury finishes, private grounds, and an indoor swimming pool.
Market Valuation: Approximately £1.45M.
Primary Objective: Secure a long-term, inflation-protected commercial lease with a reputable care provider, avoiding seasonal residential market fluctuations.
Prem Property acted as the strategic bridge, converting a high-end residential build into a fully compliant, high-yield commercial asset:
Rather than seeing the indoor pool as a liability, Prem Property identified its therapeutic potential. The asset was positioned for dual Ofsted and CQC registration, utilising the pool for specialist hydrotherapy and exercise for young people with complex needs.
Agreed in principle to a 7-year lease at an indicative £6,500 – £8,000 PCM, complete with 4-year break/review clauses linked to CPIH inflation indexation to safeguard capital value.
Structured a 6-year purchase option for the care provider, calculated using an average of three independent commercial valuations minus a 10% loyalty discount.
Prem Property assumed full management responsibility—handling quarterly video inspections, compliance audits, and provider communication.
Transforming a residential build into a registered care home comes with regulatory friction. Prem Property guided the developer through every stage:
Subsidised Transition Planning: Negotiated a sliding-scale rental agreement during the planning, refurbishment, and Ofsted registration phase to ensure provider viability prior to full placement.
Expert Network Integration: Introduced specialist commercial insurance brokers and planning consultants to secure C2 change-of-use consent cleanly, eliminating Ofsted registration roadblocks.
Expanding the Relationship: Impressed by the seamless onboarding, the developer immediately committed two further pipeline developments to Prem Property:
A bespoke 3-bed bungalow plot in Swanwick (DE55 district) for supported living/care.
A 4-bed detached build in Hucknall (NG15 district) targeted for a 2-child residential care home.
Performance Metric | Standard Residential Let | Prem Property Guaranteed Solution |
|---|---|---|
Gross Monthly Income | Variable / Market Cap | £6,500 – £8,000 PCM (Fixed) |
Occupancy & Void Risk | Exposed to seasonal voids | 100% Guaranteed (0 Voids for 7 Years) |
Lease Structure | 7-Year Commercial FRI/IRI Lease | Lease Structure |
Management Friction | High (Direct tenant liaison) | 0% (Fully Managed by Prem Property) |
Social Impact | Standard housing | High (Provides C2 Children’s Care) |
“At Prem Property, we prove that commercial success and social responsibility are not mutually exclusive. By aligning an exceptional developer’s asset with a dedicated care provider, we created a stable, long-term return for the owner while giving vulnerable children a safe, world-class place to call home.”
— Ronaldo Hare, Founder of Prem Property
Whether you are a developer looking for guaranteed, long-term rental income or a housing provider seeking compliant property stock across the Midlands and Greater London, we are here to help.
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