There is clear evidence that wheelchair users are an underserved market, and many have the financial resources to rent a property.
30,0001 London households have high level accessible housing needs that are not being met.
28,0002 Londoners in 2010 were attempting to move to somewhere more suitable to cope with a disability.
39% (700,000)3 of UK households with an identified need for accessible housing have incomes in the top half of the income distribution of the population as a whole.
For more information contact:
Eleanor Bowden, CEO of Abode Impact
Abode Impact will launch the first accessible housing fund for London, targeting financial returns and social impact.
The fund will purchase 1 and 2 bedroom new build flats in Outer London. These homes will be adapted for wheelchair users and located close to accessible public transport links.
New build residential assets, for the residential market
Accessible features for an underserved consumer group
Targets financially active consumer group
A tax transparent, UK structure
Expected to be an English Limited Partnership
Stable, ungeared returns from real assets
Market timing is positive due to Brexit-pricing
Accessible PRS represents a strong opportunity in an underserved market
Without competing propositions
Long-term tenancies result in a low void rate
Serving disabled consumers brings inherent social impact
Annually measures, monitors and evaluates social impact benefit
Abode Impact Research Report
Influencer Member of Pensions for Purpose Network
Accessible Housing Heat Map for Abode Impact
Tackling Housing Inequality: Accessible Housing Heat Map for London
“An adapted house has made me independent. I wouldn’t have had the opportunity to be employable, rather than be seen as a drain.”
Aspire Spinal Cord Injury Charity Tenant