Funeral Director and Landlord – A.W. Lymn Expands Residential Portfolio
While we’re known best as one of the region’s oldest and most trusted family businesses, we also own and manages many residential flats across Nottinghamshire – with plans for six new apartments in Clifton this year.
We received the green light from council planners to move ahead with a brand new, purpose-built funeral home with additional commercial space and residential flats on Clifton high street last year. The six new flats will be available to rent later this year.
Our residential portfolio growth comes at a time when the UK is facing a critical rental shortage. The average rental property across Great Britain is now receiving 25 inquiries from prospective tenants to letting agents, three times more than agents were receiving in pre-pandemic 2019 .
Nottingham in particular has been found to have the biggest fluctuation in price for rentals and the second biggest fluctuation in provisions when compared to other cities in England.
With 27 funeral homes across Nottinghamshire and Derbyshire, our fifth-generation family business has been a pillar in the local community, renowned for supporting the bereaved in the region for more than 115 years.
Pete Clarson, Commercial Director at A.W. Lymn said what people are often unaware of is that we have acquired and manage residential accommodation on the floors above the majority of our funeral homes – because our business, due to the nature of our work, can only operate efficiently on the ground floor.
With the welcome of the new flats in Clifton, we will own a total number of 37 residential properties across the region, with several more in the works for 2025 onwards.
Pete said: “At A.W. Lymn, we are aware of the scale of our funeral homes across the region and actively seek ways to utilise our space as best as possible to supply additional accommodation to local areas.
“Our network is ever growing, and we want to ensure we are bringing residential additions that are going to be welcomed by the community, continuously investing into areas that we are proud to have called home for decades.”
At the end of 2023, we transformed one of our former funeral homes in Carlton after moving to a larger building, bringing five new one-bedroom apartments to the market for rent.
Residents in the area said to have welcomed the proposal, suggesting it would bring more professionals to the area and help first-time buyers.
