Wed, 30 Jul 2025 | BUSINESS SALE
Independent lettings agency Dwelly has expanded its presence in the north of England with the acquisition of a lettings agency based in West Yorkshire. The acquisition of Pontefract-based Number 1 Letting adds 850 fully managed properties to Dwelly’s portfolio.
The deal continues a period of nationwide expansion for the firm, following a string of recent acquisitions in the UK’s lettings sector. The acquisition is Dwelly’s fifth agency purchase in under a year and means that the firm now manages approximately 3,500 units.
The acquisition, following previous takeovers in Brighton, Essex, Yorkshire and Suffolk, forms part of Dwelly’s goal of surpassing 10,000 units under management by the end of this year.
Number 1 Letting was launched in 2008, quickly establishing a solid foothold in the Yorkshire rental market. Following the acquisition by Dwelly, the company’s Managing Director Tracey Brown will remain with the firm, ensuring continuity for both clients and staff as the company enters its next phase of growth.
Dwelly’s Head of M&A Sam Humphreys said that the acquisition of Number 1 Letting represented “a fantastic addition to our portfolio and one that will allow us to considerably strengthen our foothold in the North.”
Humphreys added that Dwelly were “especially pleased” that Tracey Brown would remain with the business post-sale, saying that her “knowledge of the local market and commitment to her clients will be invaluable as we ensure a smooth transition, whilst maintaining the high standards Number 1 Letting is renowned for."
Number 1 Letting director Paul Singleton said that the acquisition “offers the best possible future for our clients and team.”
Singleton continued: "Dwelly's values align perfectly with our own and whilst I'm naturally sad to be stepping back from the business, I know that with Tracey continuing at the helm, the business is set to reach even greater heights."
Dwelly’s financial and operational due diligence was conducted by Letts Acquire Managing Director Jacqueline Kirkpatrick, who said that the process “revealed Number 1 Letting to be a superbly managed business with robust processes and outstanding client relationships, representing an excellent strategic fit for Dwelly's growth ambitions."
Find out what's driving growing levels of consolidation in the UK's lettings sector
This is a rare opportunity to acquire a well-established property sales and lettings business in central London, catering to a clientele of high-end landlords and property investors.
This is an excellent opportunity to acquire a vehicle repair and MOT centre, which is currently operated from ideal premises in East London.
Opportunity to acquire a well-established waste transfer station and skip hire company in West Yorkshire, offering significant growth potential in a thriving industry.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.