How we choose property
Over time, we will add further properties like those already in the portfolio, spreading your money across a greater number of homes, and decreasing your risk.
We look for properties that renters will love, and that we would aspire to live in ourselves - liveable homes in great areas.
We are actively searching for 1-3 bedroom houses and flats in Central Leeds, Birmingham and Manchester, between £125k and £350k. We will consider both new build and existing properties in areas with strong local economies, a vibrant cultural scene and a real sense of community, within easy commuting distance of the city centres.
Through our expertise in residential property and smart, proprietary data modelling, we only target the best areas and properties, with strong rental demand and potential for price rises.
What we look for
- Homes with character
- Strong rental demand
- Opportunity for price growth
- 1–3 Bedrooms
- £125,000–£350,000
How we find them
- In-house property team
- Exclusive access to property data
- Sophisticated data science
The value of your investments is based on an independent valuation of the portfolio as a whole by Allsop LLP. Individual property valuations are estimates and given for informational purposes only.
Net rental yield is an estimated 5-year yield, which includes property related expenses, such as letting fees, property management fees, furnishing costs, expected repairs and maintenance costs, service charges, insurance and ground rent. These property costs may be higher if unexpected costs are incurred and there may be periods where the properties are empty and rent is not paid. The net yields displayed exclude the fund management fee.
Investment objective and policy information
The fund's investment objective and policy is stated in its Prospectus and is also outlined below.
Investment objective
The investment objective of the Company is to provide Shareholders with regular and sustainable long term dividends coupled with the potential for capital appreciation over the medium to long term.
Investment policy
The Company intends to meet its investment objective by purchasing and then letting, to the extent not already let, a portfolio of residential properties in key locations within UK cities (excluding London), where the Directors believe the income and value potential is greatest.
Consistent with its investment objective, it will aim to identify properties which are expected to achieve rental yields and long-term house price growth at an average or above average level for the region. In researching properties and the associated risk, the Investment Adviser will consider factors such as location, property type, demand indicators, and physical and environmental factors.
The Company will acquire both houses and flats, which will be both new build and existing properties. Where appropriate, discounts will be sought on purchases that mitigate or eliminate the transactional costs of investment or provide an element of additional performance.
The Company will maintain a let Investment Portfolio, but it will not aim to reflect the UK housing market at large, including geographic mix. The Company will specifically avoid exposure to prime property, London and rural areas. Attention will also be given to maintain appropriate diversification and a prudent spread of risk at all times.
Initially the Company intends to focus investment in Birmingham, Leeds and Manchester. However the Company reserves the right to invest elsewhere in opportunities that align with its investment objective.
Properties will generally be let on an assured shorthold tenancy (“AST”) basis. Where opportunities arise and fit with the Company’s investment objective, units may be let on a ‘part sale, part rent’ basis, or let to specialist operators for use as serviced apartments, or units obtained from residential developers on a sale and leaseback basis.
Properties subject to non-AST leases will be managed to ensure that the Company is not unduly exposed to counterparty or liquidity risk.