Build to Rent London | 10 Things You Need to Know
Build to Rent London is a new and exciting option for renters in the UK. If you're looking for an affordable, high-quality place to live with great amenities and a sense of community, then Build to Rent could be perfect for you. Here's everything you need to know about this new housing option.
1. What is Build to Rent London?
Build to Rent is a type of housing that is purposely built for renters. That means that the developer designs and builds the property with renters in mind, from the layout of the rooms to the on-site amenities.
2. Who lives in Build to Rent housing?
Build to Rent housing is perfect for anyone who wants to rent an affordable, high-quality property in London. Whether you're a young professional or a family, you'll find a comfortable place to call home in a Build to Rent development.
Build to rent in London is especially attractive for young professionals because it offers the opportunity to live close to the city centre whilst not compromising on lifestyle.
A recent survey found that most residents in BTR schemes are between the ages of 24 and 34 and make around £19-32k per year. Build-to-Rent residents are also professionally diverse and employed across a variety of industries.
Finally, BTR is popular among singles, couples and families alike. The key is finding the right community, especially if you’re a family. Living in a Built to Rent apartment in London will help you meet other families and help your children settle in faster.
3. Build to Rent offers an unparalleled lifestyle in the city
Imagine, vibrant city life is just steps from your front door. Nearby shops, restaurants, and cafes offer the best of London. And with a short commute to work, you’ll have time for all the things you love to do.
Built to Rent is a new type of living that offers you an unparalleled lifestyle in central locations across London. With homes designed with community and convenience in mind— you’re never far away from the things that matter most to you.
4. Did we mention the amenities?
One of the best things about renting in a purpose-built development is the incredible range of available on-site amenities. From swimming pools and gyms to concierge services and communal areas, there's everything you need.
Build to Rent developments offer a range of incredible amenities that you won't find in a traditional rental property. You'll find that most developments have a mix of the following amenities:
Onsite Gyms
Dining Rooms
Entertainment Areas
Organised Events
Residents’ Lounges
Cinema Rooms
Bars
Co-Working Spaces
Rooftop Areas
Communal Gardens
5. It’s Affordable Quality
One of the great things about Build to Rent developments is that they offer affordable rentals for high-quality properties. This is because BTR developments are usually at a discounted market rent (DMR).
DMR is a new type of affordable housing for the UK rental market. It allows build to rent operators to offer affordable rental apartments at a significant discount to the actual market price.
That means that you can enjoy all the benefits of renting in London without breaking the bank.
6. Get ready for community
Probably what you’ll love the most is the instant community. The sense of community that you'll find there is unmatched. With communal areas and organised events by the management team, it's easy to meet your neighbours and make friends in your new home.
7. Child Friendly? Yes!
Most Purpose-built developments have children's play areas, so your kids can make new friends while you relax in the communal areas. Safety and convenience are a few of the benefits of connected living.
8. Pets welcome
Many Build to Rent developments are pet-friendly, making it an easy choice for many. We know how hard it can be to find pet-friendly accommodation in London.
9. Eco-friendly shared economy
Many Purpose-built developments have eco-friendly features, such as recycling and bike storage. Plus, with the rise of the sharing economy, it's easy to find a development that has everything you need to live a sustainable lifestyle.
10. Government-backed
The government is backing the Build to Rent model as a way to increase the supply of high-quality, affordable housing in London. So, you can be sure that this is a housing option that's here to stay.
Build to Rent FAQ
How does build-to-rent work UK?
Build to rent is a type of housing where the developer builds the property that is exclusive for rentals. The developer or Build to Rent Operator is responsible for maintaining the property and providing services to tenants. This type of housing is becoming increasingly popular in the UK as it offers many benefits to both tenants and developers.
What are the benefits of build-to-rent?
There are many benefits of build-to-rent, including:
Developers can provide high-quality homes that are designed specifically for rental purposes. This means that the apartment buildings are built with features that tenants want, such as communal areas and on-site amenities.
Build to rent developments are managed by professional teams who are experienced in providing high-quality customer service. This means that tenants can be assured of a good experience when renting from a build to rent development.
Build to rent developments are often located in prime locations, making them sought after by professionals, families and students.
Is Build to Rent affordable housing?
Yes, build to rent can be an affordable housing option for tenants. In many cases, the rents charged for build to rent properties are lower than those charged for traditional rented properties. This is because developers are able to achieve economies of scale when building larger developments, which they can then pass on to tenants in the form of lower rental fees.
Why is Build to Rent so popular?
Build to rent is becoming increasingly popular in the UK for a number of reasons. People like the high quality of homes that are being built specifically for rental purposes. There are also professional management teams for build to rent developments, meaning a better overall experience for tenants. BTR also offers competitive rental fees without compromising on quality.
Does build to rent include bills?
Some build to rent developers include utility bills in the rent, making it even easier for tenants to budget for their monthly costs. However, this depends on the developer/operator and should be stated in your rental agreement.
