- Investment properties offering added extras now have the edge (Surrenden Invest)
- Bespoke furnishings benefit investors and residents alike (Surrenden Invest)
- “We are tasked with not only providing your furniture but augmenting your environment and lifestyle through award-winning services” (David Phillips)
As the UK’s residential property market matures, leading developers and agents are forming new partnerships in order to drive up standards for both residents and investors.
“Investors used to be happy to purchase unfurnished apartments, but we’re seeing a maturation of investor interest. Properties that make being an investor/landlord easier have the edge over those that don’t. At the same time, those properties need to offer something exciting and fresh to tenants to make them stand out. These considerations are driving developers to innovate not just in the design and facilities of their buildings, but also in terms of the additional extras.”
Jonathan Stephens, MD, Surrenden Invest
Furnishings are the perfect example. There was a time, not so long ago, when investing in a property meant buying an apartment, then arranging how to furnish it in order to appeal to tenants while not spending any more than was necessary. Now, increasingly, developers are connecting with professional furniture companies in order to offer investors (and tenants) a more complete package.
The Tannery in Liverpool is one such example. Apartments within the new luxury development are available with David Phillips furniture packages. The bespoke furniture packs have been created to suit the particular style, location and aspirational image of The Tannery, setting a tone that perfectly suits the property and those who will live there.
“As the UK’s largest and most design-led furniture provider, David Phillips are absolutely delighted to be working in partnership with Surrenden Invest. We have put together an exclusive furniture collection completely bespoke to The Tannery development. We are tasked with not only providing your furniture but augmenting your environment and lifestyle through award-winning services, honed through nearly two decades of experience.”
Alistair Dickson, Head of Residential Sales (North), David Phillips
It’s a winning situation for all concerned. The property is less hassle for investors who can purchase turnkey, ready-to-rent properties meanwhile residents can enjoy living in a professionally styled home from the moment they move in.
As the rental market comes of age, the nature of furniture packs is also changing. Standards are being raised, with packages including far more than just the essentials. Framed prints, mirrors, luxury linens and kitchen packs are all becoming increasingly common.
Contemporary residents are often sold on the idea of the show home at new build developments and an increasing number of them expect to enjoy a similar standard of furnishing in their own apartment.
“The days of landlords furnishing their rental apartments with odd bits of furniture that they no longer have a use for in their main residence are long gone. Investors and tenants are both seeking a complete package now – and that includes premium furniture and soft furnishings. That’s why partnerships with companies such as David Phillips have become essential for those developers who are looking to remain at the forefront of the market.”Jonathan Stephens, MD, Surrenden Invest
For more information visit www.surrendeninvest.com