The latest Lyvly success story
In tandem with bringing you relevant legislation updates, market news and other key Landlord information, we are also keen to share our success stories with you to give an insight as to how landlords are using Lyvly to the benefit of their portfolios.
This week’s success story is with a partner who is now on their second property with Lyvly. After seeing success earlier in the year with their first property with Lyvly, they are now building their portfolio to these parameters. This is the second property with us, with a third similar in the pipeline.
The home is fully let and forecast to earn this landlord in excess of £14,500 per annum more than they would have achieved on the open market - that's a whopping 77.2% more cash in their pocket. The details are shown below.
The property itself is a fully refurbished, split level, three bedroom ex-local authority flat. The benefit of this is that it offers excellent room sizes and the accommodation is logically laid out. Furthermore, it benefits from a private balcony.
It is located just moments away from Homerton Station and close to Victoria Park. This part of London continues to grow in popularity with renting professionals, particularly those wanting to live in a co-living home.
We’ve had strong results this year in attracting landlords on the hunt for a way to not only hold onto, but also start their portfolios. We offer materially better returns than the usual market cap without any additional investment in time or money from landlords.
Our product offers a marked improvement on the usual market offering for tenants too - they get a hassle-free service in amazing shared homes with brilliant management and a team on the end of the phone who actually care. As a result, we have a significant 3-figure waiting list of high-quality tenants who want to live with us.
We’re keen to continue to amplify our reach and help more landlords and tenants alike. If you know someone with property in London who could benefit from our approach, fill out this form and we’ll be in touch. If things work out with that landlord, £1,000 is yours!