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Week Two of Bidwells regular look at Cambridge’s hidden secrets sees Alex Bloxham welcome Silicon Valley’s finest to Victorian Mill Road.
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A new regular look at Cambridge’s best kept secrets begins in Newnham as Bidwells’ Andrew Tucker looks at what makes it so special.
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The Private Rented Sector (PRS) is a classification of housing in the UK. The basic Private Rented Sector definition is property owned by a landlord and leased to a tenant. The landlord, in this case, could be an individual, a property company or an institutional investor.
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The East West Rail Link, also called the Varsity Line, is the railway route that once linked Oxford and Cambridge. It allowed for quick and easy travel between the two university towns, and also provided easy access to Milton Keynes.
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A compulsory purchase order (CPO) is a legal process that allows acquiring authorities (including public and private bodies) to require those with interest in property, e.g. owners and occupiers, to sell their interests if they obstruct any development or infrastructure project that benefits the ‘greater public good’.
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Bidwells answers the question ‘What are PRS properties?’ and takes a closer look at the Private Rented Sector.
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Build to Rent is a term used to describe private rented residential property, which is designed for rent instead of for sale. As the name suggests, Build to Rent (B2R) involves the building of homes specifically for the rental market. These developments are typically owned by companies (such as property companies or pension or insurance investment companies), and let directly or through an agent. B2R is an emerging, fast-growing market in the United Kingdom.
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