Provincial House was fully reserved within 7 weeks of marketing. The completion of the build was delayed slightly but this did not affect tenant demand for the studios.
In a town where the average rental for a 2-bed apartment is £450 per month, we achieved rents of up to £595 per month for studio flats with no parking.
Positioning staff on site, as well as making use of our extensive marketing strategies really helped to achieve these phenomenal results.
Our unique product that pays the investors their rent every month, regardless of whether the tenant pays or not has been vital to this scheme; the developer would have been over £12,000 down on rental income had they not been with Prinvest Lettings.