At present, over 1500 offshore wind turbines (OWTs) are operating in the UK with a capacity of 5.4GW. Until now, the research has mainly focused on how to minimise the CAPEX, but Operation and Maintenance (O&M) can represent up to 39% of the lifetime costs of an offshore wind farm, mainly due to the assets’ high cost and the harsh environment in which they operate. Focusing on O&M, the HOME Offshore research project (www.homeoffshore.org) aims to derive an advanced interpretation of the fault mechanisms through holistic multiphysics modelling of the wind farm. With the present work, an advanced model of dynamics for a single wind turbine is developed, able to identify the couplings between aero-hydro-servo-elastic (AHSE) dynamics and drive train dynamics. The wind turbine mechanical components, modelled using an AHSE dynamic model, are coupled with a detailed representation of a variable-speed direct-drive 5MW permanent magnet synchronous generator (PMSG) and its fully rated voltage source converters (VSCs). Using the developed model for the wind turbine, several case studies are carried out for above and below rated operating conditions. Firstly, the response time histories of wind turbine degrees of freedom (DOFs) are modelled using a full-order coupled analysis. Subsequently, regression analysis is applied in order to correlate DOFs and generated rotor torque (target degree of freedom for the failure mode in analysis), quantifying the level of inherent coupling effects. Finally, the reduced-order multiphysics models for a single offshore wind turbine are derived based on the strength of the correlation coefficients. The accuracy of the proposed reduced-order models is discussed, comparing it against the full-order coupled model in terms of statistical data and spectrum. In terms of statistical results, all the reducedorder models have a good agreement with the full-order results. In terms of spectrum, all the reduced-order models have a good agreement with the full-order results if the frequencies of interest are below 0.75Hz.