The John Lewis Partnership (JLP) has received the green light to develop new rental homes in Bromley, Kent. This initiative not only addresses the housing shortage but has also presented investment opportunities in the rental market.
James Dunne, who is the head of operational real estate at abrdn, which has a £500m joint venture with JLP states “Well designed and professionally managed rental homes are a vital component in helping to solve the UK’s housing needs.” https://www.johnlewispartnership.media/news/waitrose/26072024/john-lewis-partnership-gets-green-light-for-new-rental-homes-in-bromley
As we see large-scale projects like this taking shape, it’s evident that there’s a growing demand for innovative housing solutions. Houses of Multiple Occupation (HMOs) are a key part of this solution, especially in areas like Kent where housing demand is high.
Investing in HMOs offers:
Higher rental yields compared to single-family rentals.
Diverse tenant base ensuring steady rental income.
Flexibility to adapt properties to meet market demands.
I specialise in sourcing and investing in HMOs by identifying prime locations and properties in Medway, Kent, that deliver excellent returns for investors. Bromley’s development is a testament to the potential that lies within the rental sector, and we are here to help you tap into this opportunity.
Read more about the John Lewis Partnership’s new rental homes in Bromley here: https://www.johnlewispartnership.media/news/waitrose/26072024/john-lewis-partnership-gets-green-light-for-new-rental-homes-in-bromley