The future of new rented accommodation in the UK will be developments where all facilities including transport, shops and services including schools are all within 15 minutes of a tenant’s property, it has been claimed.
This comment was made during a webinar hosted by Savills, Bristol developer YTL Developments and local lettings firm Abode.
All three are keen to plug a huge new district being built in North Bristol on the site of the city’s former Filton airfield where all the Concords were built called Brabazon (main picture) – and say it’s the next big opportunity for buy-to-let landlords in the south west of England.
Both Jon McDiarmid, a director at YTL Developments and senior lettings manager Deborah Mitchell say more and more developments within the UK will soon be ’15-minute communities’.
Dog walking
“That means everything residents need for their daily lives whether that’s going to work or taking your children to school, walk the dog, do the shopping or have a night out will be a short walk or cycle journey away,” says McDiarmid.
Brabazon’s scale is considerable and will include a 15-acre park, a new train station, huge music venue, shopping centre and a property range that will include both apartments and houses.
It will include some 2,700 properties to buy or rent from £800 to £2,400 pcm.
“This kind of development where everything you need is extremely attractive to tenants who don’t come from Bristol including those from overseas and who know nothing about the wider city and who often want to rent a new property,” says Mitchell.
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