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London, it’s a Rentysomething capital

Young professionals make up a significant proportion of London’s workforce. 60% actually, according to figures from the Office of National Statistics (ONS) this year. This highly important group of young, intelligent and skilled group of people is helping drive the capital’s economy, yet when it comes to housing they are underserviced and underappreciated.

Missing the boat to home ownership, the majority of young professionals have to rent and you only ever hear about two options available for the work-hard, play-hard generation when it comes to renting in London:

1)      ‘Hutching up’ with friends, girlfriends/boyfriends, randoms, in small, poorly conditioned rooms in small, poorly conditioned shared houses but in fairly central locations.

Or,

2)      Live further afield in decent housing but have a long, expensive and emotionally painful commute to work everyday.

 If these are the only options then it is clearly evident that the capital is lacking adequate housing for people on median salaries who can’t afford to buy a home or rent in the central zones of London. This seems unfair for the group who pay more on rent than anyone else.

Market renters pay an average of 40% of their take home salary on rent. Homeowners pay 30% on their mortgage and social renters pay 20% on social rent. Social tenants benefit from government subsidy, home owners benefit from low interest rates (and their own actual home) but market rent tenants don’t benefit from anything, it appears.

Clearly there needs to be a significant increase in supply of rental housing to the calling demand – young professionals, who we call ‘the rentysomethings’. Like home owners, rentysomethings should also enjoy benefits or perks, such as professional and efficient property management, free WIFI, and conveniences such as spring cleans, parcel signing and collection and door-to-door laundry.

Rentysomethings should also have the ability to make your home your own and not be affected by landlords deciding to evict and sell-up. After all we’ve all realised that renting is here to stay thanks to rising house prices, so renters deserve security and flexible lease options, including long term tenancies for however long they need.

Fizzy Living, one of the UK’s first operating PRS (private rented sector) schemes delivers this and a lot more. We’re a professional landlord offering quality rental accommodation to rentysomethings in London and an unparalleled service aimed to compliment the hectic lifestyles of young professionals. Currently we have four Fizzy blocks; Canning Town, Epsom, Poplar and City (Stepney Green) all within 5 minutes of the nearest train or tube station. And good news…we’re growing.

Roll on the growth of the PRS into the UK, it’s well overdue and needed in a growing market. And as it is too evident that based on what rentysomethings are paying they deserve a lot more than they are getting.

Dan Read, Operations Manager and ‘Super Bob’ at Fizzy Living.

Follow Dan on Twitter: @danielcread 

 

Fizzing up the UK housing market

Fizzy Living is featured in the Financial Times in an article about how niche developers are shaking up the UK housing market.

The article talks about the private rental sector and highlights the generational shift towards private renting in the UK. As a result, this shift has raised calls for a ”properly regulated, professionalised private rental sector” where “Essential Living and Fizzy Living, two rental property specialists, are at the centre of this drive.”

Susan Emmett, director of residential research at Savills says, Fizzy and Essential are good examples of how purpose-built, professionally managed blocks for rent can increase supply and raise the standard of rental homes.” 

Please click here to read the full article.

FT 1

Original source – Financial Times, Monday 11th August 2014 

BOBS

Fizzy Living’s picks for the best al fresco spots in London #eatintheheat

After a woeful English season of sport, thank heavens and its shining rays that we can finally enjoy summer due to a heatwave lasting two weeks. The sun has finally got its hat on, and it’s glorious! With temperatures soaring beyond 30C this weekend who needs to go on holiday? London will be hotter than Hawaii, Seychelles and Barbados!

Did someone say BEER GARDEN? Fizzy Living asked you for your favourite places to eat and drink al fresco in London and this is what you said –

Rachel @rachelbirchmore from @AreBeMarketing recommends @thealbionpub in Islington, @southplacehotel in the City and @eastonpub in Clerkenwell.

Our friends at @Rentonomy suggest @cratebrewery in Hackney Wick. They said you can eat amazing pizza from a moored boat on the canal. We are completely sold.

Fizzy tenant Andy @andybaker05 says head to the Southbank to enjoy al fresco dining. Las Iguanas is good with nice views of Embankment Bridge.

Aceil @aceilhaddad from @twobluepr loves going to the Hilton Double Tree in London Bridge to enjoy great views over London with a glass (bottle) of vino. She also recommends the Spring Tavern in Ewell – a great local for Fizzy Epsom tenants!

Team Fizzy member and Poplar bob Laura tells us @sodopizzacafe in Clapton do great pizzas and has a cute little back garden. Sourdough Pizza Café also does takeout so Laura suggests ordering a takeaway and enjoying it in the nearby park.

Sophie @SophieLau_ from @twobluepr enjoys dinner on terrace at @NorthbankLondon by Millenium Bridge. “Amazing British food with a beautiful view.”

Do you have a favourite al fresco dining spot in London? Let us know, tweet us @fizzyliving using the #eatintheheat or Facebook us facebook.com/fizzyliving 

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Meet the Fizzy Bobs – Ha Doan

One way Fizzy Living delivers exceptional service to all our tenants is by having a dedicated property manager at each of our developments. We call them ‘Bobs’, some tenants call them Fizzy angels and it’s not difficult to see why. In our recent customer survey, a whopping 98% of Fizzy tenants agree that having a Bob improves your rental experience and that you love or like having a dedicated property manager around.

Because we and you love our Bobs, we thought it was best to introduce them. In this blog post, we meet Ha Doan – the pocket rocket Bob from Fizzy Epsom!

What do Bobs do?

We look after our building and everything to do with our building. We are responsible for the day-to-day operations of the property and ensure everything runs smoothly. We find tenants, move tenants in and out, and deal with all their issues. We are here to make their lives easier – so we accept deliveries and give access on tenants’ behalf to handymen for minor repairs, or the SKY installation guy, when they are at work.

What’s the best thing about being a Bob?

I’m the first port of call if tenants need and want help. I like the responsibility in helping people!

What’s the nicest thing a tenant has done for you?

My tenants are so lovely. One tenant cooks lovely homemade meals for me when I’m very busy and have no time for lunch! Another tenant went to Costa coffee and bought me a latte and a Panini when I was rushing around.

Name a example where you have gone the extra mile for a tenant/s?

One tenant left his keys at work. He called me on the way back from work and couldn’t go back to pick them up as his office was shut. I stayed until the evening to let him back into his flat.

What were you doing before Fizzy?

I’ve always worked in housing. Before this I worked for Thames Valley Housing (sister company of Fizzy Living) as a Sales Consultant dealing with Shared Ownership. I’ve been working for Fizzy for one and half years now. Gosh time flies when you’re having fun!

What do you like most about Epsom?

Epsom is great! It’s a lovely area and has the convenience factor. Fizzy Epsom itself is close to everything; 2 minutes from the train station and 2 minutes to the high street.

If you could live in any Fizzy block, which one would it be and why?  

It would have to be Fizzy City (apart from Epsom of course!) The building itself is magnificent and the specification of the flat is top class quality. The location is also great, being so close to the City of London, and also trendy areas like Shoreditch and Hoxton.

When you’re not being Bob, what are your hobbies and interests?

I love travelling, not just because it’s relaxing, but I also like meeting new people and learning new things in life.

Who are you supporting in the World Cup now that England is out?

Brazil!

Follow Ha Doan on Twitter – @Hadoan121 

“The new way to live for London’s young professionals”

We’re featured in the Evening Standard in an article on London’s new villages built for renters, and WOW Fizzy City has made front cover of Homes and Property!

“With tens of thousands of people in the 20-40 age bracket priced out of home ownership in the capital — and lifestyle changes boosting the number of private renters looking for decent-quality, fair-priced accommodation from a landlord they can trust — developers are switching their focus from building homes to sell to building them to let, with the help of Treasury cash. ”

“Fizzy Living, another young rental company, with developments in Poplar, Stepney, Canning Town and Epsom, targets the Facebook generation and markets properties through social media rather than estate agents. ”

Read the full article here

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Original source – Evening Standard, Wednesday 18th June 2014 

Fizzy On Demand

Our new infographic video – Fizzy on Demand – shows how we’re making renting easy for rentysomethings.

It’s got flying ‘bobs’, a PACMAN style game of Landlord Run 2, an interactive interface… what more could you want?

Don’t forget to share it with your friends!

Meet Fizzy Tenants: Gareth & Hannah

At Fizzy, we’re reinventing renting in 5 ways:

1. We’re committed to delivering exceptional service to tenants

2. We offer Fizzy tenants long term commitment and short term flexibility

3. Our prices are fair and won’t suddenly go up

4. There are no middlemen or agency fees

5. Fizzy is a straightforward, reliable landlord you can trust

 

It’s always best to hear it straight from the source, so here’s what our tenants have to say about how we’re revolutionising your rental experience….

Meet Gareth and Hannah, a lovely couple from Fizzy Poplar. They’ve been renting with Fizzy from the beginning of May.  In their mid and late 20s, and both full-time working professionals, they’ve found the Fizzy concept to be great in removing much of the hassle that comes with traditional renting.

 Gareth & Hannah 502 Poplar

What do you think of the Fizzy flats, and of the service – free WiFi, online billing, TV and media packages?

The flat itself is spacious, clean, and inviting. There is a ‘wow’ factor as soon as you walk through the front door.

The ability to purchase internet/Sky TV on a month-by-month basis is perfect for young professionals. Many subscriptions are now 18 months +, which means your contract could outlive your tenancy. The process through StudentCom is easy – just a phone call away.

 

What made you choose to rent with Fizzy?

The thought of not having to deal with an unscrupulous landlord was the big sell. Also, the flats were finished to a high spec, are spacious, and have dedicated concierge.  The on-site gym is also a massive plus for me.

 

How have you found your ‘Bob’, Fizzy’s on-site property manager?

Bob is such a huge help – thanks Laura! Having all my deliveries taken care of while I’m at work really gives me peace of mind. There’s no worrying about missing deliveries and ‘collecting from a Royal Mail office’ when I’m not at home.

Bob arranged for all my bills to be set up – another weight off my shoulders that I haven’t had to deal with as a professional working 50 hours a week.

More than that, Bob is always quick to respond to any queries I may have, unlike my experience of landlords!

 

So you’re a fan of the Fizzy concept?

As a renter, I will find it difficult to move away from this concept of living. I am a busy professional, and often don’t have the time to deal with residential problems. Renting with Fizzy has made this really manageable. To give a recent example, Bob has been in my flat today fixing a blind while I’m out at work – cheers Bob!

 

What is your favourite thing about living in Poplar?

The green space! It’s great in and around Fizzy Poplar – our front view is of the local park, while our balcony has panoramic views of Canary Wharf.

 

 Would you recommend Fizzy to your friends?

Definitely – lots of friends who have visited expressed their desire to move into a Fizzy property!

 

CGI of site and landscaping

Lewisham gets Fizzy

Fizzy, the leader in the PRS continues to storm the sector, as it announces its fifth acquisition in Lewisham. Fizzy is acquiring 136 units of one and two bedroom flats in two adjoining landmark buildings from Muse Developments at its gateway scheme in Lewisham town centre. The acquisition takes Fizzy’s portfolio to 382 apartments and moves it closer to its target of 1000 units.

The first phase of the regeneration scheme is already underway and is aimed to be completed within two years. The two new buildings which will come on stream in Q4 2015 and Q4 2016 respectively, have been designed by the award winning PRP Architects. The 15 storey residential buildings are situated in the heart of the town centre and are conveniently located next to the DLR and Lewisham mainline station. The purchase of the two buildings is the second deal to have been completed between Fizzy and Muse Developments, the first having been at English Cities Fund (ECf)’s iconic Vermilion in Canning Town.

Harry Downes, Managing Director of Fizzy commented, “We are very excited about this project in Lewisham Gateway. The new initiative enables Lewisham to have even better transport links than before which make it a great choice for our target market of young professionals looking for a quick commute to Canary Wharf and the City. This area is a property hotspot and, with prices locally now achieving in excess of £500 per square foot, we are delighted to have secured this acquisition.”

Michael Auger, regional director for Muse, said: “We’re delighted to be working with Fizzy Living again, after the extremely successful Vermilion development at ECf’s Canning Town scheme. This is a really exciting project for Lewisham Borough and is going to deliver huge improvements to Lewisham town centre, building on the regeneration that has already been achieved over recent years.”

The regeneration scheme will vastly improve the open land close to the town centre and the space created will allow for high quality homes and pedestrian friendly shops to be set within an environment that residents and visitors can enjoy.

- Ends -

                     For more information, please contact TwoBlue Communications:

              Peter Morley Tel: 020 8870 0367 e-mail: peter@tbcpr.com 

Festivals In East London

Festivals in East London

Hello all! Welcome back to the latest instalment of our blog series on Stepney Green. My apologies for the delay in blogging. This week we are focusing on 5 festivals that are coming up in East London and not to be missed! These festivals vary in size, some feature worldwide A List music celebrities, and others are secret, bohemian gems! The amount of variety is something that East London is celebrated for.

1.       Field Day 2014, Victoria Park

    Saturday 7th/ Sunday 8th June

                                  Distance from Fizzy Stepney Green:  25 minutes walk, 16 minutes by bus

www.ukfestivalguides.com

www.ukfestivalguides.com

Field Day is the festival for those who are hip and in the know, and prefer their music to be alternative, so expect to find  indie rock bands and underground dance acts. Previously FieldDay was a one day event, but this year it is returning as a bigger and better two day weekend. Field Day is moving on from previous years when it was a bit darker and more provocative to a more ambient event featuring cool up-and-coming alternative artists and village fete activities like egg and spoon races.

Don’t Miss: Temples

Prices start from £38.50 for a day ticket, and cost £78 for the 2 day event.
Best for discovering new artists.

Best for discovering new music arts.

http://fielddayfestivals.com/line-up/london/

2. LoveBox Festival July 18th – 19th 2014 Victoria Park

Distance from Fizzy Stepney Green: 25 minutes walk, 16 minutes by bus.

http://www.foundfestival.com/

http://www.foundfestival.com/

Described in the past as the most hedonistic of all London festivals, this year LoveBox is returning with a slight facelift: changing its previous format from a 3 day event to a 2 day music festival. No worries because this year’s line-up looks as jam packed as before. This popular festivals mixes a combination of popular, iconic acts with lesser known artists. Headlining this year are MIA, Nas and Katy B.

Don’t Miss: Banks

Best if you want a mix of big artists and lesser known bands.

Tickets start from £44.75

http://loveboxfestival.com/

3.       Found festival

Saturday 14th June 2014

Haggerston Park, Shoreditch, London

11AM- 9PM

www.londoninstereo.com hackneycitizen.co.uk www.thefourohfive.com

www.londoninstereo.com
hackneycitizen.co.uk
www.thefourohfive.com

This is the festival for you if you love clubbing and wish for the opportunity to party during the day time too. This daytime dance party is organised by innovative London club night Found, who know how to have a good time,  and have put on fantastic events in the past. For fans of clubbing that might be a bit miffed that it ends at 9pm, fear not – the legendary after party takes off straight after the festival ends, the location is still a tightly kept secret.

Must for those who never want the party to end.

Don’t miss: Shadow Child

Tickets start for the festival start from £30.

http://www.foundfestival.com/

4.       East End Film Festival

13th- 25th June

Location not confirmed as of yet.

http://www.eastendfilmfestival.com/

http://www.eastendfilmfestival.com/

The East End Film Festival is one of the largest UK’s film festival. It has a history of attracting rich and diverse programme of international films, as well as showcasing great local talent.  Each year it attracts an audience in excess of 30,000. The East End Festival has established itself as a major international film event and is a great platform to promote independent films. Previously, film  directors as Danny Boyle have been in attendance. Apart from showing film, this festival also hosts exhibitions and live music.

Must for those who love independent cinema and live events.

Honourable mention:

Wireless Festival

4th- 6th July 2014

Finsbury Park

Distance from Fizzy Stepney Green: 40 minutes on the tube.

www.wirelessfestival.co.uk

www.wirelessfestival.co.uk

Hang on a minute, I hear you proclaim, Finsbury Park isn’t in East London! Well in my defence, Wireless was held in Queen Elizabeth Olympic Park in Straford last year.  I felt that Wireless definitely needed an honourable mention on the list, because the line up is HUGE. This year the festival will be held in London and Birmingham.  Headlining the three day event is Kanye West, Drake and Bruno Mars.  This is a must see for any self-respecting R ‘n’B and hip hop fan.

Day tickets vary in price for Birmingham (£68.75) and London (£71.50) respectively. Last time I checked, day tickets for Kanye West had already sold out. If you are a diehard Yeezus fan, there are still weekend tickets left for the whole 3 days, costing £210.

Must see for a hip-hop fan.

Don’t miss: Outkast

Easter Treat

 

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Source:[ mamamarmalade.com}
[www.gohen.com]

Flat-hunting rather than egg-hunting this weekend?

Fizzy is open throughout the long Easter weekend for viewings at our wonderful new schemes at Stepney Green and Poplar. To celebrate Easter, we have an EGG-cellent offer for you… if you reserve a Fizzy flat this weekend you pay no admin fees and get two weeks FREE rent…saving you over £500!

Fizzy Stepney Green is perfect for young professionals who want a quick and simple commute to the City for both work and play. Fizzy flats are located within the award-winning VIVO development, offering high quality flats equipped with private balconies in the heart of thriving East London. The covetable E1 postcode means that Liverpool Street is only 12 minutes away and trendy Boxpark in Shoreditch is a ten minutes cycle down the road. All Fizzy flats come with a on-site property manager, free WIFI, and TV packages.

Fizzy Poplar is ideal for those working in Canary Wharf as it’s a mere 15 minutes walk away.  There are also great transport links to Bank, Stratford and The O2. In addition to all the Fizzy perks that come with our flats, Fizzy Poplar also has a free gym.

To take advantage of this great offer, come down to our open weekend and make yourselves at home!

For more information, email hello@fizzyliving.com