Revitalising urban areas into vibrant, mid-market, later living communities
Empowering a 100-year life that contrasts with the out-of-date view of ‘learn, work and retire’
Future Street develop and operate later living communities for “the middle market”. This represents approximately 50% of 65+ year olds.
We acquire land, obtain planning consents, design, build and operate a wellness-based model with care on a mixed tenure basis (e.g. shared ownership and private rent).
We work between Local Authorities, Architects, Structural Engineers, Consultants, Principal & Sub-contractors, and private & public funding bodies.
Enabling later living for the 21st century to meet the housing need and broaden housing and tenure choices for older people.
A progressive later living solution that combines both independent and assisted living, allowing residents to transition, should they need to, within the same community.
Our urban later living villages range in size & scale from c. 150 to 300 dwellings and are built using modern methods of construction.
Many over-65s wish to downsize into age-friendly accommodation that has been designed to boost independence, health and wellbeing. At present, those who wish to take this path have little to choose from. Less than 3% of the UK’s housing stock is geared towards retirement, much of it built in the last century….
Report (June 2020) - Too Little, Too Late? Housing for an ageing population
“If people lived in homes more suited to their needs, 50,000 fewer homes would need to be built each year.”
From the report: 'Households have been shrinking for four decades, while dwelling sizes have not changed much. The existing stock is skewed towards family homes, with 60% having three or more bedrooms. The Last-Time Buyer report introduced the Dwelling Index to measure average household sizes at different ages. For this research, we have developed a new measure, the Bedroom Index, which shows whether there is a surplus or deficiency of bedrooms at each age.
The UK has nearly 29m households, with an estimated 2.86 bedrooms per dwelling. This equates to about 82m bedrooms, of which just over 15m are ‘surplus’, using reasonable assumptions about the number needed for different sizes of household. The trend towards decreasing household size is projected to inflate this bedroom surplus to 20.3m in 2040.
The surplus is concentrated in the older age group. For the 65+ cohort, the number of surplus bedrooms is on track to almost double from 6.6m in 2000 to 12.8m by 2040, unless behaviour and public policy change. The youngest households have a bedroom deficit'.
Smarter, faster, greener construction
Modern methods of construction (MMC, or 'smart construction') is a way of working more effectively to achieve more without using more. It centres around the use of off-site construction techniques that can benefit from factory conditions and mass production techniques.
Better - High quality, modern design, energy efficient and at least 50% less waste.
Faster - Up to 50% quicker build time with certainty of delivery.
Cheaper - Up to 25% cost savings v. traditional build.
The design of the module adopts the following principles:
- High quality insulation for improved energy, thermal and acoustic performance.
- Designed & built to Secured by Design, Lifetime Homes, The Decent Homes Standards and HAPPI design principles.
- 60% off-site (factory) construction mitigates the risk of weather delays.
- Fewer quality defects due to enhanced quality assurance & inspection.
- Aim to achieve BREEAM “Very Good” level.
- Use of high quality materials certified to BBA standards & approval.
- Better predictability & surety of delivery.
Affordable & Sustainable
- Shorter build times (up to 50%) reduces capital interest payments. The worlds tallest modular tower in Croydon, was completed in just 35 weeks (546 units / 1520 modules) Click here for detailed information.
- Less on-site disturbances, dust & pollution to the surrounding local area.
- At least 50% reduced construction waste by recycling materials.
- Low embodied carbon dioxide and designed to Zero Carbon standards
- Energy & thermal modelling to optimise energy efficiency, insulation and ventilation.
- Improved air quality using dry materials in factory conditions & eliminating moisture levels.
Safe, Secure & Accessible
- Improved off-site (factory) and on-site working conditions reduces risk of accidents for workers.
- Designed and built with Lifetime Homes, The Decent Homes Standards and HAPPI design principles in mind.
- Environment, services and facilities entirely suited for disability.
- Designed to Secured by Design standards.
- Improved site security and fewer materials on site.
Future Street are seeking to solve five (of seven) Innovate UK essential challenges of older life.
Our modular villages provide affordable age-friendly homes that create healthy, active places to support social connection.
Our ‘WELL’ programme (wellness, living & learning) is designed to empower and sustain physical activity to help to manage the common complaints of ageing.
Good health is fundamental to our quality of life as we age. Good health allows us to remain independent, to work or get involved in our local community, to maintain our social connections and family life and to do many other things that give us meaning and purpose in life.
Reducing social isolation in later life and increasing mental stimulation, via improved housing conditions, age friendly environments, services and communities, improves health.
These steps have been found to delay the onset of cognitive decline by up to 1.75 years. There is further statistical evidence that living in a village community increases life expectancy by up to 5 years.
It had widely been assumed that as we age, we will wish to stay put in family homes, with gardens, acquired over a lifetime. Even though the priorities that led us to choose these homes no longer apply.
Older people moving to a later living community will typically “downsize”, freeing up much needed and under-occupied family sized homes. If all those interested in moving into a retirement property were able to do so, research suggests that approximately 3.29 million properties would be released, including nearly 2 million three-bedroom homes.
At the heart of the later living village is “The Future Street”. A central amenity and activity hub designed to empower residents to keep mentally and physically active.
“There is a need for three million retirement living properties to house the number of people aged over 65 that would consider downsizing.” Source: Knight Frank, Retirement Housing Report, Sep 2018