About this investment

Ashton Under Lyne, Manchester OL6 – 9% Yield

The Client Brief

A new client approached us in search of a high-yield investment opportunity within Greater Manchester, with a focus on properties suitable for conversion into supported accommodation. Their key criteria included a structurally sound asset in an area with strong rental demand and a clear local need for social housing. Minimal refurbishment requirements and the potential for a long-term lease with a registered provider were essential, ensuring a low-maintenance and consistent return on investment. After assessing multiple options across Greater Manchester, we identified a promising opportunity in Ashton-under-Lyne. The property consisted of two self-contained 1-bedroom, 1-bathroom flats—ideally configured for supported accommodation use. Located in a well-connected area with growing demand for supported housing, the property aligned perfectly with the client’s strategy. The setup offered immediate potential for leasing to a registered provider, delivering both social impact and stable, long-term income.

What We Did

We sourced a well-located end-terrace property in Ashton-under-Lyne that had already been converted into two self-contained 1-bedroom flats—an ideal layout for supported accommodation. The building was structurally sound and required only internal refurbishment to meet compliance standards. Our team managed the process from acquisition through to handover, coordinating all essential works including decoration, safety certification, minor repairs, and furnishing to meet the expectations of a national supported housing provider.

The property was fully upgraded and is now in use as high-quality supported accommodation. Each flat offers a private bedroom, bathroom, and kitchen—providing secure, self-contained living spaces that promote independence and dignity for future tenants. On completion, we secured a 5-year lease with a registered provider on a fully internally repairing basis, delivering the investor a guaranteed, hands-off rental income. The outcome is a high-yield, low-maintenance asset that supports the delivery of vital social housing in the Greater Manchester area.

Why Social Living?

Social living—often referred to as supported or social housing—is a crucial part of the housing ecosystem, designed to meet the needs of individuals who are unable to access or sustain housing through traditional means. This includes people facing a range of challenges such as mental health conditions, learning disabilities, homelessness, domestic abuse, addiction recovery, or financial instability. For these individuals, a secure and supportive home environment is often the foundation needed to rebuild their lives, maintain independence, and engage more positively with the wider community. Social living not only provides affordable, safe, and stable accommodation, but often includes access to tailored support services that address the specific needs of residents—whether that’s help with daily living, personal development, or long-term recovery.

From an investor’s perspective, social housing offers a unique opportunity to achieve both financial and social returns. Properties leased to registered providers on long-term, fully repairing agreements deliver consistent, hands-off income with minimal risk of voids or arrears. These leases are typically linked to Local Housing Allowance (LHA) rates, and may even include guaranteed uplifts or inflation-linked increases, providing predictability in cash flow. More importantly, investing in social living contributes directly to addressing the UK’s ongoing housing crisis, reducing strain on public services, and improving outcomes for some of society’s most vulnerable individuals. In this way, social housing represents a rare intersection between ethical investment and long-term financial sustainability—making it an increasingly attractive strategy for impact-driven investors.

Floorplans

These floor plans illustrate two self-contained 1-bedroom flats, each offering a practical and spacious layout well-suited for supported accommodation. The ground floor flat features a large kitchen and laundry area, a private bathroom, and a flexible living space labeled “Other,” ideal for use as a bedroom or lounge. The first floor flat includes a generously sized 17m² kitchen, a separate bathroom, and a large bedroom with ample natural light. Both units are efficiently designed, with clearly defined living zones and private amenities, ensuring comfort, privacy, and independence for future tenants. The layout supports easy compliance with supported housing standards.

Success Story in Numbers

Purchase Price: £100,000
Refurb Costs: £30,000
Monthly Rental: £1,250
ROI: 7.21%