Free advice from your local property professionals

Free advice from your local property professionals




<span style="font-family: Arial, Helvetica; font-weight: bold; text-align: center; display: block; width: 100%;">What does the supply-demand imbalance mean for you?</span>

 
Vendors have benefited from the supply-demand imbalance seen across the market in 2021, with 40% of properties selling above their original asking price, making conditions optimal for selling.*
 
What makes conditions optimal this autumn?
 
1) Low stock
 
Due to the pandemic, many people were put off selling their homes whilst the construction of new build properties came to a halt, causing a dip in housing stock.
 
This means that the homes currently on the market are being snapped up faster, with serious buyers putting offers in much sooner than they otherwise might have done.
 
2) Increased demand
 
With UK restrictions easing, buyers are now competing for properties, with 36% of homes attracting offers from three or more buyers.*
 
Many who originally put off moving due to the pandemic are now looking to relocate, causing a huge increase in demand and sparking bidding wars between buyers.
 
3) Mortgage rates
 
With the number of available UK mortgages on the rise, lenders are competing to attract more customers with low-interest rates and low-deposit mortgages, giving buyers more choice than ever when it comes to choosing the correct financial option for them.
   
Need a helping hand selling your home? Get in touch with our team today.
 
 
*Property Reporter and Which?
 
 
 



<span style="font-family: Arial, Helvetica;"><strong>Who’s most interested in your home’s value?</strong></span>

 
Have you ever used property sites to snoop on how much someone has paid for their home?
 
In a study by Zoopla, six out of ten Brits admitted to checking out how much someone has paid for their home, with the most popular people to snoop on being neighbours, friends and family.
 
Who are Brits most likely to snoop on?
 
- Neighbour 36%
- Friend 34%
- Family member 29%
- Someone they sold a house to 16%
- Colleague 11%
- Partner 8%
- Someone they dislike 6%
- In-laws 3%
- Ex-partner 3%
 
But, why are we so nosy about house prices?
 
Reasons for researching property prices can include: wanting to discover a property’s interior value (18%), the nostalgia of a previous home (12%) and wanting to improve your own property (10%).
 
However, one of the main reasons to look up the value of another person’s property is to get a better idea of how much your own home is worth.
 
If you’re curious about the value of your home, there’s no need to guess.
 
Contact us today and let our team give you an accurate valuation.
 
Source: Zoopla
 



<span style="font-family: Arial, Helvetica;">Price gap widens for houses and flats</span><span style="font-family: Arial, Helvetica;"><br /></span><span style="font-family: Arial, Helvetica;"><br /></span>

 
Prices for both houses and flats are continuing to increase following the Covid-19 pandemic.
 
According to Zoopla, family homes are the most popular choice, resulting in an 114% increase in demand and shortage of stock.
 
The search for space has meant home buyers are looking for larger properties, causing prices for homes to increase by 7.3%.
 
However, flat prices haven’t seen the same boom. This has caused the price gap between houses and flats to widen.
 
The number of property transactions taking place currently stands 22% higher than the average level in 2020. Coupled with house prices reaching a new high of £230,700 per property, this is 30% above the 2007 market peak.*
 
House prices are continuing to grow with current statistics, showing a 5.4% increase in June, compared to the same time last year.
 
This is more than double the year-on-year price growth recorded 12 months ago.
 
Why is this happening?
 
- Race for space
 
Being in lockdown for the last year has caused people to desperately search for more space. Larger living rooms and extra bedrooms are some of the main factors influencing potential buyers.
 
Flats don’t always have the extra space many people desire, leaving them with less demand than in previous years.
 
- Working from home
 
People are searching for properties that have a home office or a spare room that could easily be converted into one.
 
This has made houses more favourable over the last year, as a lot of flats simply don’t have the space or option to accommodate this.
 
- Access to green space
 
After a year of being stuck indoors, it’s unsurprising that many people are now wanting to spend more time in the garden; causing people to look for properties with more outdoor space.
 
Conservatories are a great way to link indoor and outdoor areas, proving popular for potential buyers.
 
Are you looking to sell your home? Speak to our property professionals today.
 
*Zoopla
 



<span style="font-family: Arial, Helvetica;"><span class="TextRun SCXW142248867 BCX0" lang="EN-US" style="font-weight: bold;" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW142248867 BCX0" style="font-weight: bold;">Surge in sellers renting ahead of their next move</span></span></span>

 
With the sales market continuing to boom, many homeowners have secured a high price for their home in 2021, choosing to put themselves in a stronger position by renting during this stop gap period.
 
If you’re living in a rented property, you are normally able to move quicker due to not being part of a chain.
 
Rather than feeling pressured to act fast, this means that you're able to negotiate for the property and price you want.
 
It's also an incredibly sought-after position to be in when a vendor chooses who to sell to, as without a chain, the sale will be more likely to complete instead of falling-through.
  
The number of sellers looking for rental homes has contributed greatly to the dwindling stock of rental properties and consequently increasing rents. As a result, there were nearly half the number of properties on the rental market in July than this time last year, with the numbers continuing to drop.*
 
This is encouraging for landlords, as their properties are in demand with void periods falling rapidly.
 
But it’s not just homeowners looking to rent.
 
Due to the pandemic, many tenants no longer have to be tied down to one location.
 
With working from home now the new norm, a short commute is no longer desirable and moving away is more feasible. This year, 49% of tenants moved just because they wanted to live somewhere different, as opposed to moving from necessity.**
 
Are you looking to sell your home or put your property up for rent? Our dedicated team offer free, accurate and no-obligation valuations for both the sales and lettings market.
 
Find out how much your property is worth today and book your market appraisal.
 
 
*This is Money
*Estate Agent Today
 
 



<span style="font-family: Arial, Helvetica;">How to keep your boiler running for longer</span>

 
A broken boiler is the last thing you want as the weather starts to get colder this autumn.
 
If you’re facing boiler issues, this helpful guide is here to get you back on track with five of the most common issues and the best ways to fix them.
 
1. Kettling
 
Is your boiler making a strange bubbling noise? If the answer is yes, then you most likely have a build up of sludge, and should you live in an area with hard water, this can be a common problem that happens again and again.
 
Hard water has a high mineral content, which has a tendency to cause build-up in heating systems and waterpipes.
 
2. Leaking and dripping
 
Having buckets full of water that have been dripping out of your boiler for weeks is not ideal.
 
A broken internal component is the most likely cause behind a leaky boiler and can be caused by the pressure becoming too high.
 
3. No hot water
 
The last thing you want is a cold shower whilst you wait for your boiler to be fixed, so make sure you check your thermostat.
 
If your boiler pressure is normal and the thermostat is set correctly, then there could be an issue with an internal component in your boiler. Get an engineer to check this for you.
 
4. Low boiler pressure
 
Low boiler pressure can result in a number of problems, affecting the efficiency and effectiveness of your heating system.
 
This can make it difficult to keep your home warm as well as increasing your energy bills.
 
The best thing to do is check the gauge meter.
 
If the needle is below one, then you have low boiler pressure, which can be caused by a water leak. If there are no leaks to be found, then you may need to get your boiler re-pressured.
 
The manufacturers website will give you details of how to re-pressure your boiler.
 
5. The pilot light has gone out
 
The pilot light is the flame that lights gas provided by a main burner. The flame should remain permanently lit, as it is supplied by a gas pipe.
 
If a pilot light goes out, gas will still be released from the pipe, and this could be potentially dangerous. There should be a sensor in the pilot light tube that cuts the gas as soon as the flame goes out.
 
Check the boiler itself to see if there are any specific instructions as to how to turn on your pilot light.
 
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