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Pencheng Investments

yield on rental income
rental uplift

Having achieved a 3% rental uplift on their first apartment block investment, our lettings team have now secured a 4.2% yield on rental income from Pencheng’s second multi-unit property investment, with 13 units let in just over four weeks.

Osprey Drive is a bright and modern development of 10 apartments at Trumpington Meadows, South Cambridge. Once our new homes team had introduced, and successfully sold, the whole block to Pencheng Investments, they delightedly entrusted marketing of the units to our lettings team. 

With their acute local market knowledge, active database of applicants and creative marketing skills, our lettings team secured enviable rents for our client with a 3.1% yield, and then achieved an uplift of 3% when the apartments were re-let.

Thrilled with the success of their Osprey Drive investment, Pencheng were interested in expanding their portfolio. Once again, our new homes team found the perfect property asset – the Darwin building at Aura, built by Countryside which was a significant purchase in the challenging year of 2020, with all 13 units of one and two-bedroom apartments marketed and let in just over four weeks, with an impressive yield of 4.2%.  

Having successfully secured and let two contemporary apartment blocks for our client, we’ve now introduced Pencheng Investments to sales and specialist heritage teams who are helping them with something a little different - the purchase of a beautiful period property.  

I would highly recommend Niki from the lettings team at Bidwells to my clients. She is highly professional and attentive. Always promptly replies to any queries and keeps very good communications when you need support. Her rich knowledge and insight make my clients feel very confident when they make their choice.
Mrs Tan - Pencheng Investments

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Alex Bloxham

Alex Bloxham

Partner, Head of Residential Lettings

Alex and his team have more than doubled their portfolio of properties under letting and management over the last five years.

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