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The firm, like a growing number of rivals, provides what it describes as a “complete armchair service”. This entails finding, buying, refurbishing and then letting the property on behalf of the investor. Belgrave makes its money by paying even less for the properties than it sells them on for. Once the property is let a local lettings agent is contracted to manage it from there on – and Belgrave then ends its relationship with the investor.
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The project is looking for entrepreneurs to propose business ideas that can be sold alongside BT’s fibre broadband offerings. Once backing has been given by BT, firms will receive six months’ support – including access to its R&D and engineering departments, rather financial backing.