David Vertannes
Edward Rose Property Group has further strengthened its position in Torbay’s property market with the acquisition of Harmony Property Rentals’ 150-strong managed portfolio.
The purchase, completed with Harmony owner Anthony Cassidy, follows Your Move Torquay’s acquisition of Team 2 last year and the subsequent rebrand. It brings the number of landlords supported by the branch to more than 640, making it one of the largest lettings providers in the area.
The move is also part of a wider period of change for the business. Your Move Torquay will relocate this October to Torwood Street, a central location close to the Marina, and will launch a new residential sales service alongside lettings.
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The expansion reflects the ongoing strength of Torbay’s rental market, where demand has remained high despite national pressures on housing. With more landlords brought under one roof, tenants and property owners in Torbay are likely to see a more consistent service, additional digital support through the Your Move landlord portal, and access to products such as Rent Protection and Legal Expenses Insurance.
The branch’s move to Torwood Street is also significant for the town centre, with a national high street brand investing in visible premises at a time when retail and office occupancy has faced challenges. The launch of residential sales alongside lettings adds further choice for local homeowners and buyers, potentially increasing competition in Torbay’s property market.
Edward Rose Property Group owner David Vertannes said: “We are delighted to acquire Harmony Property Rentals, it has been a very smooth process and a pleasure to work with their owner Anthony on this. We pride ourselves on delivering first-class service for our landlords and tenants and we look forward to providing a great service to these new landlords.
“It is a busy and exciting time at Your Move Torquay with this acquisition following the success of the Team 2 purchase last year. We will also be relocating within Torquay this October to Torwood Street which is only a stone’s throw from the busy Marina as well as launching residential sales, offering sellers in Torquay a customer first selling service.
“The support from LSL Estate Agency Franchise throughout the acquisitions has been exceptional. Their guidance from operational and transactional through to financial and marketing has once again been first class.”
Kate Ashley-Ives, Franchise Director at LSL Estate Agency Franchise, added: “It has been a pleasure to manage this acquisition for David and the Your Move Torquay team. This latest expansion highlights the great customer service and work they are consistently delivering to landlords in the area. This third acquisition in the past 12 months marks a really exciting opportunity for David and his team alongside the Torquay branch relocation.”
The deal underlines a period of rapid growth for Your Move Torquay, which has now completed three acquisitions in the past 12 months. For landlords and tenants in the Bay, it signals greater stability in the lettings market and new opportunities as the branch widens its services into residential sales.
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