CPBigwood helping CRI deliver 2012 business plan

CPBigwood helping CRI deliver 2012 business plan

A new buy-to-let business has announced some early successes with help from the lettings arm of agents CPBigwood.

Care Residential Investments (CRI) was launched in the summer of 2012 by a partnership of four property professionals.

Director Richard Turner said it showed there were still opportunities in the sector despite the difficult economic climate of the last three years.

Run out of Birmingham, CRI is targeting freehold houses in the £100,000 to £150,000 price range where it believes it can get the best return.It currently has three properties in Erdington and one in Yardley Wood.But it has plans for another six or so in 2012 and hopes for 20-30 within five years. All are set to go through the 104-106 Colmore Row lettings base of CPBigwood.

Louise Kean, residential lettings manager, said: “We are receiving all the new instructions from CRI and the link-up is working extremely well.

“We have been able to find the company tenants in quick time. There is demand out there – you just need to work hard at it.“Hopefully this is the beginning of a mutually beneficial connection between the two businesses.”

Mr Turner added: “We are looking to scale up our operations quite quickly. CPBigwood have performed brilliantly – the houses have been let in just a few weeks.

“And what is particularly useful is they have dealt with everything from finding the tenants to sorting the documentation. It is very much a one-stop shop.”