The second quarter of 2024 has seen a remarkable surge in the launch and completion of Build to Rent (BTR) schemes across the UK, underscoring the growing momentum in this sector. This new wave of residential development is reshaping the rental landscape, offering a blend of high-quality living spaces complemented by extensive communal amenities. These developments, specifically constructed for renting rather than for sale, often come furnished and include various community-oriented features designed to enhance the living experience. These include gyms, resident lounges, co-working spaces, landscaped gardens, and more. The latest data reveal several key trends and common themes within the newest BTR schemes, focusing on sustainability, accommodation diversity, and community integration.
The Rise of Build to Rent Schemes
Unlike traditional housing, Build to Rent properties emphasize on-site amenities, good transport links, desirable catchment areas, and a strong community orientation. Common facilities include gyms, co-working spaces, lounges, outdoor communal areas, and various bespoke resident events or activities. There is also a noticeable trend towards creating mixed-use spaces that encompass both residential and commercial facilities. Sustainable development remains a cornerstone of these projects, reflecting a commitment to environmental responsibility. Furthermore, the diversity in accommodation, ranging from studios to multi-bedroom apartments, caters to a wide array of resident needs, enhancing the appeal of these developments to different demographics.
Many of these BTR projects also integrate technological advancements and eco-friendly designs, ensuring that they meet the demands of modern urban living while minimizing environmental impact. The strategic location of these developments in areas with excellent transport connections reinforces the trend of making commuting easy for tenants, thus enhancing overall convenience. Additionally, the communal amenities provided are not merely functional but also aimed at fostering social interaction and community building among residents. This blend of private comfort and community interaction is central to the appeal of BTR schemes, making them a popular choice for a diverse range of renters, from young professionals to families.
SOYO Leeds Scheme
Located in the heart of Leeds city center, the SOYO Leeds Scheme is a standout project developed by Federated Hermes Real Estate, Hestia, and Caddick Construction. This development features 331 BTR apartments, two commercial retail units, car parking facilities, and sustainable public spaces. The SOYO Leeds Scheme is part of a broader neighborhood enhancement initiative, integrating residential living with commercial and public use spaces. The emphasis on sustainability and community-oriented design makes this project a significant addition to Leeds’ urban landscape. Residents can enjoy a range of amenities that promote a balanced lifestyle, from fitness facilities to communal gardens.
The strategic location in Leeds city center ensures excellent transport links and accessibility to various urban amenities, making it an ideal choice for modern urban living. This blend of convenience, sustainability, and community focus underscores the project’s appeal to a wide demographic, from young professionals to families seeking a vibrant urban lifestyle. Moreover, the integration of commercial spaces within the development enhances the overall living experience, providing residents with easy access to essential services and a lively neighborhood ambiance. This holistic approach to urban living is a key feature of the SOYO Leeds Scheme, setting a new standard for BTR developments in the region.
Peters Village and Westwood Point
Peters Village, located in Kent and developed by Leaf Living, spans 21 acres and will feature 94 three- and four-bedroom homes upon full completion by the end of 2025. This development is targeted at families, offering homes ranging from 865 sq ft to 1,124 sq ft. The focus on family-friendly living spaces and community amenities makes Peters Village an attractive option for those seeking a suburban lifestyle. The project emphasizes creating a balanced community environment with ample green spaces, recreational areas, and essential amenities to support family life. The strategic location in Kent, known for its picturesque landscapes and excellent transport links, further enhances the appeal of Peters Village.
Westwood Point, also located in Kent near Margate and Westwood Cross Shopping Center, is another Leaf Living project that underscores the firm’s commitment to creating high-quality residential spaces. This development includes 51 two- and three-bedroom homes developed over two years. Westwood Point aims to accommodate varied family sizes in a desirable area, providing a blend of residential comfort and accessibility to local amenities. The development’s proximity to shops, schools, and recreational facilities makes it an ideal choice for families looking for a convenient and vibrant community setting. The focus on accommodating families in a suburban context while ensuring accessibility to essential amenities illustrates a thoughtful approach to modern residential development.
Park Square
Park Square in Milton Keynes, developed by Native Communities, offers 329 apartments configured as one-, two-, and three-bedroom units. This development is distinguished by its luxurious amenities, which include resident events, a gym, co-working spaces, lounges, a private dining area, a games room, landscaped gardens with a water feature, a private roof terrace, and superfast WiFi. The project emphasizes communal living, encouraging residents to interact and build a sense of community. The strategic location in Milton Keynes ensures residents have access to excellent transport links and urban conveniences, making Park Square an ideal choice for those seeking a modern urban lifestyle.
The blend of high-end amenities and a strategic location underscores Park Square’s appeal to contemporary urban dwellers. The development’s focus on providing a well-rounded living experience, from fitness and leisure facilities to convenient access to workspaces and social areas, highlights the evolving expectations of renters. This comprehensive approach to community building and lifestyle integration positions Park Square as a premier BTR development, meeting the diverse needs of its residents while fostering a cohesive community environment. The array of amenities offered ensures that residents have ample opportunities for relaxation, socialization, and productive work-life balance, making Park Square a sought-after address in Milton Keynes.
Mill Vale
Mill Vale, located in Middleton off Don Street, is a collaborative project between Kellen Homes and Sigma Capital Group. This development features 311 homes, including 99 single-family BTR homes and 45 affordable homes, with four adapted for people with disabilities. This inclusive approach reflects the project’s commitment to catering to diverse family needs and supporting accessibility. The inclusion of affordable housing and homes adapted for people with disabilities underscores Mill Vale’s dedication to community support and inclusivity. The development offers a range of amenities designed to enhance the living experience for all residents, fostering a sense of community and belonging.
The blend of affordable and BTR homes within Mill Vale highlights a balanced approach to residential development, ensuring that a broad spectrum of residents can benefit from the project. By offering a mix of housing options, Mill Vale addresses the needs of various demographics while promoting social cohesion. The commitment to accessibility and inclusivity is further reinforced by the thoughtful design of communal amenities and public spaces, which cater to all residents, including those with special needs. This holistic approach to residential development sets a benchmark for future projects, emphasizing the importance of creating diverse and supportive living environments.
Brunswick
Brunswick in Sheffield, developed by Capital&Centric, features 36 industrial-style apartments that pay homage to the site’s historical heritage. The scheme is noted for preserving a prominent friction screw press feature, merging historical charm with modern living comfort. This unique design makes Brunswick a distinctive addition to Sheffield’s residential landscape. Residents can enjoy a blend of contemporary amenities and historical aesthetics, creating a unique living experience that honors the site’s past while embracing modern comforts. The integration of historical elements within the development not only preserves the area’s cultural legacy but also adds a unique character to the residential spaces.
The historical preservation aspect of Brunswick sets it apart from conventional residential schemes, offering a distinctive living environment that appeals to history enthusiasts and modern urbanites alike. The development’s commitment to maintaining the site’s industrial heritage while providing contemporary amenities underscores a balanced approach to urban regeneration. This thoughtful integration of old and new creates a culturally rich living environment that fosters a deeper sense of place and identity among residents. The unique blend of historical elements and modern conveniences ensures that Brunswick offers an unparalleled residential experience in Sheffield.
The Saxons
The Saxons in Leicester, developed by Oblix Living, boasts 100 upscale one- and two-bedroom apartments, designed to meet the demands of modern urban living. Key amenities include a gym, yoga lounge, co-working hub, residents’ lounge, private parking with electric vehicle chargers, and courtyard gardens. Focused on fostering a community centered around well-being, the development appeals to urban professionals seeking a balanced lifestyle. Its prime location in Leicester ensures residents enjoy easy access to urban amenities, making for a vibrant and convenient living experience.
The Saxons’ wide array of amenities caters to various aspects of residents’ lives, from fitness and wellness to work and leisure. This inclusive approach enhances the overall quality of life for all residents, supporting a holistic lifestyle. Emphasizing community, the design facilitates social interaction and a strong sense of belonging. The wellness-focused facilities represent a modern take on residential living, appealing to renters who prioritize a balanced and health-conscious lifestyle in an urban environment.
The evolution of Build to Rent (BTR) developments, like The Saxons, signifies a vibrant and growing sector marked by continuous innovation. Developers are constantly refining their offerings to meet the varied needs of contemporary renters. These developments create residential spaces that harmonize private comfort with community engagement and environmental sustainability. As these BTR schemes transform the rental market, they set new standards for urban living, providing high-quality, sustainable, and community-oriented housing solutions throughout the UK.
