Two young property entrepreneurs are using crowdfunding to attract new investors to their house sharing business, which has properties across Sheffield, Manchester and Nottingham.
Andy Graham and Nick Morris, who shared houses as students at Sheffield University, founded their business renting designer house shares to professionals who can’t afford to buy their own properties after recognising a gap in the market, amid a boom in the number of young professionals seeking house shares.
They are now offering the public up to 15 per cent equity in their company, Smart Property.
Graham said: “The number of young, professional house sharers is rapidly increasing in the UK, due to soaring property prices which prevent young people from getting on the property ladder, or even from renting their own flat or house.
“These young professionals go to work every day and do not want a shabby, student-style house share. They want to share with other young professionals in smart, clean, fashionable, tech-smart properties with all mod-cons.
“We at Smart Property collaborate with landlords to refurbish properties and ensure that this new generation of house-sharers gets exactly what they are looking for. The company is expanding at a phenomenal rate, and we are offering for the first time the opportunity for private investors to be a part of this with us.”
Smart Property will open its crowdfunding pitch in August 2016 via the investment crowdfunding portal CrowdCube, where potential investors will have one month to invest, though Graham and Nick have warned the month could end early if they reach their target.”