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Developers in Walkden
Walkden stock that is not earning.
For developers holding completed Walkden units: a fixed monthly rent under one agreement, paid whether or not anyone is staying in the property.
Three Ways We Work
Where we can help.
Unsold & Slow-Moving Units
We become the tenant on completed stock and pay monthly while you carry on marketing it, with an agreed notice period to get it back. How this works →
Site Team Accommodation
Managed accommodation near site for your own staff and contractors, on one company account with a single monthly invoice. How this works →
Whole Block or Phase
A phase let as one thing to one counterparty, with the void risk sitting on our side of the line. How this works →
Walkden
How the numbers are worked out
The rent we can commit to comes from what the units would realistically let for across the whole term, less what it costs to run them and the value of carrying the void risk. It is arithmetic on a specific scheme, not a percentage applied to an asking price.
Walkden
What actually happens
There is one point of contact rather than a rota. Whoever you agree the terms with is who you speak to when something needs sorting out.
Walkden
Who gets the most from it
It works best where the owner wants a clear line between ownership and operation. Where somebody wants to stay closely involved day to day, the arrangement tends to create friction rather than remove it.
Walkden
Certificates, licensing and insurance
An electrical installation condition report has a life. So does a gas certificate. Both get diarised rather than remembered.
Walkden
The limits, stated up front
We do not use a landlord's property to test something we have not done before.
Walkden
Where to start
The quickest starts are the ones where compliance paperwork is already to hand. It is worth gathering it before getting in touch.
Straight Answers
The part that does not flatter us.
Be sceptical, and check us properly. We operate two properties, we have not run a developer scheme, and a rent is only ever worth what the company behind it is worth. Company No. 16187542, and we will hand over what you need to check it properly. For a block or a phase, assume we will be asked for security of some kind, and assume we will agree that it is reasonable.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
Straight answers for Walkden developers.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Why would we let Walkden units rather than just discount them?
A discount is permanent and a letting is not. If the sales market is slow rather than broken, income across the slow period plus a break clause for when a buyer appears usually beats cutting the asking price on the last few plots.
What happens to the Walkden agreement if we sell the block?
The agreement is with the property, so a buyer takes it subject to our lease. That is worth raising with your agent early, because for some buyers an income-producing block is more attractive and for others it is not.
Can you house our site team instead?
That is a separate arrangement we also offer: managed accommodation near site for your own staff and contractors, on one company account with a single monthly invoice.
Who is responsible for gas, electrical and fire safety?
A lease does not make an owner's safety duties disappear and we will not pretend otherwise. Which obligations sit where is written into the agreement before anyone signs, and both solicitors should look at that clause specifically.
Will you sign an NDA before we send Walkden scheme details?
Yes, without fuss.