Three year tenancies, pets welcome - major landlord�...

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06 May 2022

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Three year tenancies, pets welcome - major landlord’s initiative

The UK’s largest listed provider of private rental homes, Grainger, is proposing pet-friendly ‘stay as long as you like up to three years’ tenancies in one of its new Build To Rent developments.

The scheme - Weaver’s Yard - is the first BTR development in Newbury and will deliver some 232 homes in two phases, with the first phase available for occupation this spring.

Full completion of all buildings and homes is anticipated in April 2023.

The first homes at Weaver’s Yard offers a mix of properties, including one and two-bedroom apartments, along with two-bedroom duplexes.

Early occupants will have superfast fibre broadband and a dedicated on-site team to support residents. As the remainder of the development completes, residents will further benefit from access to a lounge area, co-working space and a bookable meeting room.

All of these facilities are included in the rent which starts for the smallest units at £1,050 pcm.

Based on the theme of knitting and weaving stitches, the individual buildings within Weavers Yard have been named: Purl House, Bamboo House, Garter House, Farrow House, Herringbone House, and Cable House, with Bamboo House and Purl House the first two to launch in phase one.

Helen Gordon, chief executive at Grainger, says: “Weavers Yard is a great new addition to our Build to Rent portfolio, and our first development in Newbury. We are really looking forward to … introducing renters in Newbury to a new style of renting, focused on high quality homes and excellent customer service.

“Through our events programme, our dedicated resident services team will dedicate time to building an exciting new community for residents in this fantastic central location”.

Gordon says the BTR sector in there UK is emerging fast and establishing itself as a good housing option for thousands of renters, answering to the strong demand for high-quality, well-managed rental housing.

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