Newbury's first ever build to rent development set to launch

Published by

Harry Whittle

Grainger is expanding its portfolio of properties by launching its first Build to Rent property in Newbury with a new residential development.

Located in the heart of Newbury, the Weaver’s Yard development of 232 homes will be delivered in multiple phases over 12 months with the first two buildings, comprising 34 homes, available from April 2022. Full completion of all buildings and 232 rental homes is anticipated in April 2023.

The ‘Build to Rent’ sector provides purpose-built rental homes as an alternative to building homes for sale.

Build to Rent developments typically include a range of additional resident amenity spaces, including resident lounges and co-working space, all included within the rent.

Owned and operated by landlord Grainger, the first homes at Weaver’s Yard offers a mix of properties, include one and two-bedroom apartments, along with two-bedroom duplexes.

Grainger offers a flexible tenancy option of up to three years.

Helen Gordon, Chief Executive at Grainger said: “Weavers Yard is a great new addition to our Build to Rent portfolio, and our first development in Newbury.

“We are really looking forward to launching Weaver’s Yard and introducing renters in Newbury to a new style of renting, focused on high quality homes and excellent customer service.

“Through our events programme, our dedicated Resident Services team will dedicate time to building an exciting new community for residents in this fantastic central location”.

The homes in phase one at Weavers Yard launch with a monthly rental from £1050.

Harry Whittle