A six-bedroom, six-bathroom HMO property in Selly Oak, Birmingham has been successfully leased on a five-year guaranteed rent agreement for supported accommodation use. The property will now serve vulnerable male adults requiring residential respite care, demonstrating how property investment can deliver both financial security and meaningful social impact.
Selly Oak has long been recognised as a vibrant area in Birmingham, traditionally known for its student population due to its proximity to the University of Birmingham. However, the area’s potential extends far beyond student accommodation.
The Teignmouth Road property is a substantial shared house offering:
These specifications make the property ideally suited for conversion from traditional HMO use to supported accommodation, particularly for vulnerable male adults requiring residential respite care.
Birmingham, as the UK’s second-largest city, faces significant challenges in providing adequate housing for vulnerable adults. The demand for supported accommodation has increased substantially over recent years.
Residential respite care provides temporary accommodation and support for vulnerable adults, offering them a safe environment whilst they work towards greater independence or receive ongoing support. For male adults facing challenges such as mental health issues, substance recovery, or homelessness, this type of accommodation can be life-changing.
The Teignmouth Road property will serve exactly this purpose—providing a home environment where residents can access the support they need whilst maintaining dignity and working towards their personal goals.
Traditional property letting can be fraught with challenges: void periods, tenant issues, maintenance headaches, and unpredictable income. Guaranteed rent solutions offer an alternative approach that eliminates many of these concerns whilst creating opportunities for social impact.
Guaranteed rent is a property management solution where a specialist company leases a property from the owner for a fixed term, guaranteeing rental income regardless of occupancy. The management company then assumes responsibility for:
The Teignmouth Road property has been leased on a five-year term—a timeframe that offers particular advantages for both property owners and supported accommodation providers.
The decision to opt for guaranteed rent solutions stems from several compelling advantages:
Financial Stability: Property owners receive consistent rental income every month, regardless of whether the property is fully occupied. This eliminates void periods and the financial stress they create.
Hands-Off Management: All management responsibilities transfer to the guaranteed rent provider. Owners don’t deal with tenant calls, maintenance emergencies, or compliance issues.
Long-Term Security: Multi-year leases provide extended financial predictability and planning certainty.
Social Impact: Property owners contribute to addressing genuine social needs without compromising their investment returns.
Reduced Risk: The management company handles tenant selection, rent collection, and property upkeep, significantly reducing owner risk exposure.
Prem Property has established itself as a trusted provider of guaranteed rent solutions across the United Kingdom, specialising in transforming properties into supported accommodation that serves vulnerable populations.
The Prem Property Approach
Professional Property Management: Every property in their portfolio receives professional oversight, ensuring maintenance standards remain high and properties are managed in compliance with all regulations.
Social Responsibility: Prem Property doesn’t just manage properties—they create homes for vulnerable individuals who need support. This social mission drives their business model and operational decisions.
Owner Partnership: Property owners aren’t simply landlords in this arrangement; they’re partners in providing essential accommodation services.
Regulatory Compliance: Prem Property ensures all properties meet and exceed requirements, protecting property owners from compliance risks.
Quality Assurance: Regular inspections, maintenance schedules, and quality monitoring ensure properties remain in excellent condition throughout the lease period.
Unlike traditional letting where void periods can create income gaps, guaranteed rent provides:
Property owners save on:
Guaranteed rent agreements typically include property maintenance, ensuring:
Beyond financial considerations, property owners participating in guaranteed rent for supported accommodation contribute meaningfully to society.
The UK faces a significant shortage of suitable accommodation for vulnerable adults. Every property converted to supported accommodation helps:
Quality supported accommodation produces measurable positive outcomes:
Selly Oak’s selection for this supported accommodation project reflects careful consideration of location factors that benefit residents.
Selly Oak offers several advantages for supported accommodation:
Selly Oak’s diverse community facilitates:
The five-year guaranteed rent lease of the Teignmouth Road property in Selly Oak demonstrates how property investment can align financial returns with social impact. Through partnership with Prem Property, the property owner has secured:
For vulnerable male adults requiring residential respite care, this property transformation means access to quality accommodation with appropriate support—a foundation for recovery, development, and progress towards independence.
This case study exemplifies the potential of guaranteed rent solutions to serve multiple stakeholders effectively: property owners gain financial security and hassle-free management, accommodation providers can deliver quality services, and vulnerable individuals receive the housing and support they need to thrive.
The Teignmouth Road property stands as proof that property investment can be both profitable and purposeful.
