Agency that Refurbs and offers Guaranteed Rent is expanding

A lettings agency that works by giving a fixed rental income to its landlord clients each month, and paying for the refurbishment of a property if required, is extending its territory.

A statement from Stockport-based Property Sense says: “Property Sense launched in April 2024 as the UK’s first and only estate agent to pay UK homeowners to sell their properties and offer fully funded property maintenance and repairs with market-leading guaranteed rent. 

“Redefining industry standards, Property Sense services will take care of home sales and lettings, as well as offering full-service property and block management with distinct industry-first estate agent products available. Products will include an account manager to support customers through the process from start to finish.”

The agency claims it has “ambitious plans to disrupt the UK property market with its first-of-a-kind offering” and has now been appointed by developer Rise Homes to manage a new 229-flat scheme in a new territory, Sheffield. 

It already claims to have “vastly accelerated” lettings figures for a Stockport development.

On its website it says it offers landlord clients     “Fixed rental income every month; No void periods or rental arrears; All maintenance covered by us; All utilities and council tax paid; Regular property inspections; Choice of tenant type; Payments made under FRI agreements; Shorter lead time to tenancy and payment; Rent paid monthly in advance Nationwide requirements.”

Mike Haywood, chief executive, says: “We’re spearheading innovation with our forward-thinking approach and have already proven that it works. From self-contained blocks in the North of England to individual buy-to-lets across the country, we’ve made huge strides in our first few months.

“Being trusted by Rise Homes to once again deliver exceptional lettings results is fantastic and securing such a large letting contract in Sheffield enables us to demonstrate how our approach delivers enviable results. 

“We’ve got ambitions to become the biggest sales and letting agent in the country and look forward to making a huge splash in Yorkshire’s buoyant property market, scaling up our operations and working with the region’s key developers.”