Gresham House
Specialist asset management
Seeking to address the need for high-quality affordable rental homes across the UK
Seeking to address the need for high-quality affordable rental homes across the UK
Sitting within the Private Rented Sector, Build-to-Rent (BtR) is purpose built residential property created for rent rather than sale. BtR developments are typically owned by institutional investors seeking long-term returns through the provision of fairly priced homes for working people in the UK.
Why is BtR important?
BtR is not a new concept, however until recently was relatively unheard of in the UK, compared to countries such as the US and Germany, where this form of rental housing has been around for decades. As homeownership becomes less attainable for many as house prices rise, BtR developments in the UK can offer an attractive housing solution, particularly to young professionals.
According to the British Property Federation, there are now over 260,000 BtR homes completed, under construction or in the planning process in the UK, with around 40% of these in London. Industry experts predict that the BtR sector will continue to expand over the next decade, with estimates suggesting it could be worth as much as £550 billion by 2030. This growth will be driven not only by the continued demand for rental properties, but also by the increasing attractiveness of BtR developments as an investment option for institutional investors seeking long-term stable returns.
How does it work for tenants?
Like the main rental market, tenants pay their rent monthly and Gresham House, as landlord, covers the ground rent, services, and maintenance costs, meaning there are no hidden costs or surprise bills.
BtR housing is often modern and spacious when compared with the private rental market, offering tenants high-spec appliances. Residents can also access a range of services and amenities including communal spaces, a gym, and games rooms, all helping to foster a sense of community.
Gresham House approach to BtR
We are aiming to address the need for high-quality rental accommodation priced at a level which is affordable to lower- and middle-income earners throughout the UK.
This market segment is historically under-served because of structural supply and demand imbalances and a low average quality of properties within the UK, meaning there is now a considerable, suppressed rental demand. Delivering the requirement for new high-quality housing in regional locations is an ongoing focus for both central and regional government.
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