Specialised supported housing generates government-backed, inflation-linked income on 15-year FRI leases, with void risk carried by the care provider. It is one of the most structurally resilient income streams in UK property and one of the least understood by mainstream investors.
SSH units are purpose-designed flats or bungalows, typically 45sqm minimum, where registered care providers deliver visiting support to residents living independently. The planning framework, funding structure, and return profile all differ substantially from institutional care.
The UK government carries a legal obligation to house vulnerable adults under the Care Act 2014, an obligation local authorities cannot transfer away. The £3 billion supply shortfall reflects a gap in current provision, and the income generated flows from the DWP through a structured funding chain rather than from the open rental market.
The structural drivers
SSH income originates with the DWP and flows through local authorities and care providers before landing as a fixed, inflation-linked lease payment. The rental market plays no part in this chain.
Rental figures are indicative averages only. Actual income will vary depending on the specific development, location, and level of care provided. Nothing on this page constitutes a financial promotion or investment advice. Alpus Group does not provide regulated financial advice. Prospective investors should seek independent financial and legal guidance before making any investment decision.
The same capital deployed into supported housing produces a structurally different risk and income profile. These two models belong in separate conversations.
Market rent, tenant risk, Section 24 tax changes, rising interest rates, void periods.
Government-backed income, inflation-linked, full repairing lease. Income certainty for 15+ years.
Every investment carries risk and SSH is no exception. What follows is where the exposure sits and how Alpus structures against it.
Every contract exchanges subject to planning consent being granted. Capital moves only when the site is confirmed viable for conversion.
Conversion projects carry unknowns that surveys can miss. Alpus manages this through established contractor relationships, integrated supply chains, and 30 years of senior construction leadership.
The care provider holds the head lease and pays rent regardless of occupancy. A back-to-back lease agreement is in place before construction begins, securing income before a pound is spent on the build.
SSH income depends on the care provider maintaining their CQC or Ofsted registration. Alpus manages this through rigorous provider due diligence, multiple provider relationships, and lease structures that allow substitution without disrupting the income stream.
SSH tends to suit investors who
SSH sites must meet a complex set of criteria. Alpus sources, structures, and develops each project from acquisition through to lease commencement. Investors provide capital and receive a fixed, inflation-linked return once the FRI lease is live.
Alpus handles site identification, planning, construction, care provider relationships, and lease execution. Once the project completes, the care provider assumes operational responsibility and carries the void risk. Investors hold the asset and collect the income.
Active projects include Bodmin, Cornwall, a 13-unit conversion with a £3.5M gross development value, and a further scheme in Looe, Cornwall. Get in touch and we will share the relevant details.