16/02/2022

Single family rentals expert to speak at Bisnow event

Cathedral Green Ely Single Family Housing

Head of Residential Capital Markets at Godwin Developments, James Mulcare, has been announced as a speaker at Bisnow’s ‘The UK’s Single Family Rental Outlook’ event on February 24th, 2022.

The discussions, taking place at the Sofitel London St James hotel, will cover the growing UK single family rentals (SFR) sector – also known as Single Family Housing (SFH). James will join the panel focusing on the topic of ‘Design & Development with Your Target Demographic in Mind’. Other speakers will include senior representatives in the real estate industry such as Sigma Capital, Present Made, Legal & General and architectural practice Bond Bryan. 

The panellists will debate the key characteristics of the single family rental offering, and how to better meet the needs of potential residents. James will be sharing insights from Godwin Developments’ work in the sector, including its proposed single family housing scheme in Ely, Cambridgeshire. Named Cathedral Green, this 78 unit SFH development, comprising 2 and 3 bed houses will be set in attractively landscaped grounds and be delivered using Modern Methods of Construction (MMC).

The UK single family housing sector is an emerging type of purpose built, professionally managed rental experience. Ideal locations for these properties are urban fringe and suburban areas, close to local amenities, employment opportunities, existing transport links and good schools. Godwin Developments is currently building up a pipeline of suitable sites and is seeking more land sites across the OxCam Arc and the Home Counties to enable the delivery of more single family housing schemes. The business benefits from immediate access to its own development finance and an expert in-house team meaning it can move quickly to secure sites to progress them through the whole development cycle.  

Currently, 53% of the households in the UK private rented sector (PRS) reside in suburban areas. However, the current provision of rental accommodation in suburban markets is very granular and mainly through traditional Buy to Let landlords. To date, the new BTR developments currently in planning and under construction are primarily focused on large scale urban apartment schemes, not houses. In addition, analysis by Savills and the British Property Federation, shows that around 90% of completed and operational build to rent schemes in the UK are in city centre locations and just 17% of pipeline units (those in construction or planning) are in suburban locations. 

The supply/demand imbalance, alongside the stable returns, lower operational costs and churn rate from single family rentals, are increasingly driving investor interest in the UK SFH market. Given the size of the suburban PRS population and UK preference for living in houses, there is significant scope to increase delivery in this asset class and institutional investors are keen to acquire well-located assets. According to research by Knight Frank, £275M of capital was deployed in 2021 in suburban BTR and an additional £7.8B is expected to be invested in the next five years. 

To book a place and for more details, visit the Bisnow website.

For more details on the SFH schemes delivered by Godwin Developments please get in touch on 0203 780 0578 or email hello@godwindevelopments.co.uk.