YOU know an idea is here to stay when institutional investors heavily back it. So, the announcement that asset management behemoth Legal & General has broken ground on its build-to-rent scheme at Blackhorse Mills, Walthamstow, validates the nascent sector. The development will provide 440 brand new studio, one, two and three-bedroom homes for completion in late 2019, early 2020.
The news comes on the back of the revelation that the biggest development of homes built specifically for private rent in the UK, at Wembley Park, Brent, is set to receive a £65million boost from the government.
The schemes illustrate industry estimates that investment in build-to-rent could provide 15,000 homes each year and up to 240,000 homes by 2030.
New build-to-rents are springing up all across London. Dalston Works, set over ten storeys, provides 101 one, two and three-bedroom homes for private rent, 15 homes for affordable rent and five for shared ownership.
Each stylish apartment has a private terrace or balcony, underfloor heating and free super-fast wifi. Residents have access to the communal rooftop garden with 360 degree views of London, a 24/7 concierge service, CCTV and bike storage. Prices for a one-bedroom start at £1,840 pcm (dalston-works.co.uk).
Set within the major regeneration area of the Royal Docks in Newham, Folio London has a selection of one, two and three-bedroom apartments to rent — featuring great design specifically suited to the needs of the urban renter. The array of facilities on site, including shops, cafés, bars and a gym, are convenient and provide a neighbourhood feel.
Pontoon Dock DLR station is just a short distance away, providing easy links to Canary Wharf, the City and central London, while London City Airport is also close by.
The Crossrail station at Custom House will also provide faster east and west travel. Prices start from £1,575pcm for a one-bedroom apartment (foliolondon.co.uk).
Sterling Place, Ealing, includes a range of rental homes, from one-bedroom apartments to four-bedroom houses. Following a £1.6million upgrade, the properties have been modernised with new flooring, including new carpets to bedrooms and laminate wood in hallways and living areas.
The ultra-modern rejuvenation includes contemporary kitchens featuring built-in appliances.
Prices start from £1,075pcm for a one-bedroom apartment (foliolondon.co.uk).
GENESIS is offering a collection of one, two and three-bedroom build-to-rent apartments in the 43-storey Stratford Halo (pictured top), which overlooks the Olympic Stadium in Stratford. The contemporary apartments have spacious, open-plan layouts including large windows that provide plenty of natural light and offer stunning vistas of the London skyline including the Olympic Park, Canary Wharf and the City. There’s also an on-site gym, concierge facilities and services including apartment cleaning, adding to the hotel-style feel of the development. Prices start from £1,350pcm for a one-bedroom apartment (genesishahomes.org.uk).
BE:HERE Hayes is a new, secure development of 119 homes specially designed for rental. The £250million Old Vinyl Factory regeneration project by U+I, formerly owned by music company EMI, includes a communal roof terrace, an on-site property manager and caretaker, secure car parking and pet-friendly apartments with plenty of storage. Prices start from £1,150pcm (behere-hayes.co.uk).
GENESIS has recently launched a brand new range of one and two-bedroom rental apartments at Casa Court in Colindale, NW9. Local amenities include a wide range of parks, a Sainsbury’s mini supermarket, a pharmacy and a public library.
Colindale underground station, which is served by the 24-hour Northern line, is also nearby. Prices for two-bedroom apartments start from £1,235pcm (genesishahomes.org.uk).
Vinyl Factory attracts top sporting talent
TEAM GB pentathlete Tom Toolis, who recently finished in the top 20 in the Modern Pentathlon World Championships in Cairo, has just moved into be:here Hayes. ‘Prior to coming here with my girlfriend, I was a student at Bath University and had lived in a house with four other students.’
Tom says. ‘I’d been living there for four years, so by the end the place was a little worn because no refurbishing had occurred.
‘When I came to look at this build-to-rent property, I loved how new, clean and modern everything was because it was a big change from my previous accommodation.
‘I also love the security of the block. My girlfriend has mentioned that she feels safe when alone and is therefore relaxed. I also have a private parking space which is secure.
‘All of these things put your mind at rest and allow you to enjoy yourself when spending time at home. Lastly, the affordability of the property was a real seller.’