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Why Our Expertise in SFBtR Makes Usthe Ideal Investment Partner
955,000 Properties of which 745,000 (outside London) will start a new tenancy every yearWho's rentingNew Households moving into the PRS SectorMovers within the PRS SectorHome Owners selling up and moving into PRSSocial Renters moving into the PRS SectorLow Rise Flats and BungalowsHousesHigh Rise MultifamilyStable tenanciesSingle Family Resilience: The Compelling Case for Rental Opportunities Beyond Major Cities*Source:https://www.savills.co.uk/research_articles/229130/335318-0#:~:text=UK%20BUILD%20TO%20RENT%20DEVELOPMENT&text=The%20future%20pipeline%20currently%20stands,or%20in%20the%20potential%20pipeline.Currently only 10,000 SFH BTR units (0.22% of existing PRS stock)OPPORTUNITY (Houses only outside of London) 611,000 households looking for a new PRS house 2000 new SFBtR homes = 0.33% of opportunityType of property people rentTotal PRS Sector - 4.6M PropertiesONS3.77 Million Houses
PRS SectorAv. Rent £750 PCMAv. HouseholdIncome £40,140Affordability 25%Affordability33%Who are our tenants? Data is at time of referencing and do not reflect current household income or rentTypically aged 25-45Average income of £25k+Tired of the lack of good stock in the Private Rental Sector &looking for a better solutionConsidering buying in the future & saving for a deposit or happywith the lifestyle renting offers Young families, professional couples, singletons & divorceeslooking for a fresh startAge Profile Income per Household
The Competition!21% of existing PRS stock is classified asnon-decentThe energy efficiency of PRS properties is thelowest across all tenures39% or 1.6 million of properties in PRS werebuilt before 1945Terraced housing with on street parkingBack yards rather than gardensFrustrations with getting repairs completedpromptlyEx council help to buy propertiesPoorly maintained with minimal investmentUnregulated letting sector with a vastnumber of agents offering inconsistentserviceNo security of tenancy - 80% of Landlordshave fewer than 4 propertiesThreat of multiple private landlords exitingthe market due to rising mortgage costs andchanges in legislation
No Competition!New BuildContemporary in design with integrated whitegoodsEnergy EfficientSustainable Living - PV Panels & EVCPOff Road and Dedicated ParkingCommunities created where tenants feel safeand secureOn site Tenant Liasion OfficersResidents have the ability to personalisetheir living spaces according to their tastesand preferencesProviding residents with a predictable andstable monthly costSecurity of tenure with flexible renewaloptions
Comprehensive in-house management of customer experience from enquiry todepartureComplete customer centricity in all we doUnified customer care across all developmentsEnd to end in-house service and peopleContinuous customer feedback Exception reporting for effective risk managementDaily coaching, learning and developing our people through knowledge, experience andprofessional qualificationsAlignment of team and clients KPIs - One Goal!In-house rent collection and arrears management, ensuring efficient and timely handlingBranded End to End service! Our Pivotal Role in Shaping the Build-to-RentLandscape whilst maximising rental income andminimising leakage
International Dog Day 2022Tenant Application PortalLive Availability on your websiteReserve a propertyApply onlinePay your holding depositSubmit and track your referencing Arrange your move in datePay your balance rentSign your tenancy documentsCustomer JourneyTenant Portal
Report MaintenaceIssuesUpdate TenancyAccess to affiliateoffersView availableproperties anddevelopments torentAccess “How Do I?”guidesView rentstatementsand much more!Ability to white labelto own brandTenant Portal
Over 10 years ExperienceOver 7,500 Properties76 DevelopmentsMarket Knowledge &Experience: We are the only dedicated SFBtRservice provider in the UK
369 LocationsWith a population of over 25,000Only 50 Developers deliveringover 250 units per annumTimings, Partnerships &StrategyThere are currently only about 50 developers deliveringover 250 units per annum across England & Wales,offering a limited and exclusive pool of partners forinvestors to collaborate with.Move now and establish strong relationships withdevelopers before the market becomes saturated withcompetition, ensuring a solid foothold in this lucrativesector.With 369 settlements across England that have apopulation of 25,000 or more, the opportunity forscalable build-to-rent projects is enormous.We have an established track record and strongcredibility among key developer partners, positioning usas a trusted and reliable player in the build-to-rentmarket.By carefully considering your entry strategy, you canmaximise the impact of your investment and reap therewards of this burgeoning market.
£< 2020Units built to complywith previous BuildingRegulation standardsonlyTarget EPC rating: B2021Units built with enhancedfabric and additional ESGmeasures;2022 >Compliance with latest (Jun 22)Building Regulation standardsAnalysis to identify ROICvs environmentalperformance;Range of technicalsolutions inclASHP, batterystorage, fabricupgrades & SmartHome techTarget EPC rating : AThe right thing to doFuture proofs the assetMeeting consumer/marketexpectationsGains a competitive advantage overstandard open-market stockOngoing analysis to:Test of our typical units for carbonemissions vs energy consumption vsrunning costAnalyse unit specification inline with futurecompliance targetsIdentify likely CapEx implications & return oninvestment (plus social metrics addedvalue)Liaison with Technical & Cost ConsultantsProviding tenant profiles to enable Rambollto model typical energy usage"E "- of our ESG Journey2025Future Homes Standard"zero carbon ready"
"S "- of our ESG Journey
"G "- of our ESG JourneyWe believe our tenants deserve to live in a safe home with surroundingsthey are proud of, feel part of their local community, are managed by acompany that is easy to communicate with and keeps its promises. Assuch we have dedicated ourselves in building a team to ensure wedeliver thisWhat we stand for!We are registered with The Property OmbudsmanWe are members of both ARLA and NRLAAll client monies are held in client-basedaccounts – we also have Client Money ProtectionWe are regularly audited by many thirdparties – ARLA Propertymark, KPMG etc.We are data compliant, registered with theInformation Commissioner’s Office and ensure allour data in held in accordance with the GeneralData Protection Regulation (GDPR)All our team are put through a regularmandatory training progress which includestopics such as GDPR, Financial Crime, H&S etc We produce daily exception reportingReward and RecognitionFlexible Working & Hybrid working Committed to delivering at least the LivingWageLearning & Development - Committed to theprofessional development of our People Recruitment policy is to promote from withinCulture - Promotion of listening toemployees ensuring that Wise Living isgreat place to workEmployee Forum - "The Way Forward" topromote engagement with our employees toimplement new initiatives
Lessons &ReflectionDevelopmentTeamEnsuring the unit specificationis correct and clearly defined(within the building contract)Establish a suitable risk profilewithin the building contract -especially ground riskHandover protocol is key -timely, adequatedocumentation, sectionalcompletions within thebuilding contract (to enablesegregated tenant access),LAD protection against latedelivery of unitsLettings &ManagementLiaising with the Asset Team 6months prior to handoverMove all lettings in-houseteam to ensure consistency ofservice and knowledge for anyprospective tenant.Rent and Legal cover to beinstigated on every new letand reviewed annually basedon tenant performanceHybrid working inmplemented- end to end knowledge of adevelopment from a customerand property managerperspectiveIn house Asset Managementensuring budgets and G2N aremanaged effectively onbehalf of the clientLand TeamKey Insights DesignInstall blinds and blind hookson all front facing windowsEnsure all white goods areintegrated rather than freestandingAll downstairs flooring to behard wearingSanitaryware to be easilyaccessible for maintenance(not boxed in)Larger patio areasExternal rear lightingenhanced for added securityIntegrated CCTV intoapartment blocksSelf testing EML functionalityInduction hobs rather thanelectric ceramicBins, bins, bins and bins!!Engage early with developersto help with design and layoutof the schemes.Keep deal structures simpleBuilding relationships andtrust with our DevelopmentPartners is essential
Fixed priced build contracts on astandard commodity product We secure discounts from developersfrom open market value to enableinvestment in ESG provision and/orenhance returns. Low Risk Sector - people will alwaysneed somewhere to liveOffers diversification of risk by locationand tenant profileProvides Index linked stable andpredictable returnsThe properties are underpinned by anappreciating capital valueGross rental values per annumtypically range from 5% - 6% ofopen market valueIRR in Year 5= typicallyrange from 8% - 10%Capitalising on the SFBtR Market
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