Residential scheme sold in £6m deal

Sigma, the Private Rental Sector (PRS), residential developer, has sold a completed and fully-let PRS development to The PRS REIT in a deal worth £5.9m

The development is in Handsworth, Birmingham and consists of 31 homes designed for the family rental market. The properties comprise a mix of three and four bedroom family homes and provide a combined rental income of £320,000 a year.

The site was acquired at an independent valuation determined by Savills on behalf of the PRS REIT.