Forty new-build one & two bed apartments up for rent

04/08/2020 Andy Smith

Build to Rent (BTR) specialist Wise Living has announced an extension to its Principal Point development in Telford following high levels of demand created by phase one of the site.

Applications are now open for 40 new-build one- and two-bedroom apartments, which are being added to the housing development based on Orleton Lane. Principal Point opened last July, offering a range of two to five-bedroom properties, with all homes let within three months.

Anne Malone, Head of Lettings at Wise Living commented: “Telford is a thriving area and a fantastic place to live, so we’re weren’t surprised with how quickly the initial phase let out. As soon as we heard there was potential for 40 additional properties, it was too good an opportunity to turn down – it’s such a great development!”

“Being able to offer a broad range of options to prospective tenants, from a one-bedroom apartment to a five-bedroom house, means we can cater for all requirements and financial situations. We’re excited to open our apartments and are confident that it will help to welcome more new faces to Principal Point, building upon the sense of community that we’ve already created here.”

Every home from the build-to-rent specialist is named after local heroes, historical figures and pioneers including The Disraeli, The Moore and The Jebb. The new apartments follow that trend, named The Newton, The Nobel, The Dickens and The Austen.

Viewings, following full social distancing guidelines, will be available via appointment. Applications are also being taken online and via phone.

Anne expects interest in the new apartments to be high, despite ongoing social distancing measures:

“Demand for rental property has actually remained incredibly high throughout the lockdown period. We launched phase one and two of our development in Mansfield, Nottinghamshire, just after lockdown began. We were fully let in just a matter of weeks despite not having an open showhome or being able to welcome visitors to the development.

“We’re finding that if the location is right, people are more than happy to reserve off plan. We expect a similar situation in Telford, with the added benefit of socially distanced viewings.”

Alongside Principal Point in Telford, Wise Living has a number of developments across the UK, including in Birkenhead and Coventry.

For more information on Principal Point and Wise Living, visit – https://www.wiselivinghomes.co.uk/principalpoint