Author: Anna Corrigan

Welcome to Paul

Welcome to Paul who has joined our busy Heatons team as a Professional viewer.

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Why do existing home owners move house?

  • There are 14.4 million households across England who own their own home, either outright or with a mortgage. This is 63% of all households.
  • Of these, the latest results from the Survey of English Housing estimate that 576,000 (4%) are planning to move within the next six months.
  • Moving up the ladder to a larger home is the primary motivation for existing owners, although not for those who own their home outright. Almost a third of those who own outright are looking to downsize.
  • As the new school year gets underway shortly, moving home to be in particular school catchment areas is a motivation for almost 10% of owners with a mortgage.
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Mortgage Debt: A Regional Breakdown

  • £873 billion – the total value of mortgage debt across England, according to the latest data released by UK Finance. That equates to just over £130,000 for every owner occupier mortgaged household across England.
  • The level of mortgage debt is rising, up 2% on a year ago, and 8% higher than four years ago. That’s not surprising given stretched affordability and the increasing number of longer term mortgages. Over half of all first-time buyer mortgages are issued for a period of 30 years or more according to the 2017/18 English Housing Survey, up from just 40% in 2015/16.
  • The level of debt per household is highest across the capital, where property prices are close to twice the England average. Less than half of all households across London are owner occupiers, just 22% of households are owner occupiers with a mortgage. This compares to 65% and 30% respectively across the rest of England.
  • To date in 2018, 95% of all new mortgages issued for new homes and remortgages have been on fixed rate deals. While the average interest rate has increased slightly, from 2.09% in January to 2.2% in May, this remains low compared to historic standards and any interest rate rise is unlikely to cause significant waves across the market.
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Three big reasons to bet on the Heatons property market

As you’re no doubt aware, there’s a lot of doom and gloom surrounding the national property market at the moment. For example the Nationwide index showed that in June, annual house price growth had slowed to a five-year low. Our area hasn’t been immune; in the first quarter of 2018, there were 18.7 per cent fewer sales than the same period in the previous year.

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a low maintenance apartment making a perfect btl

In The Heatons, one bedrooms apartments certainly aren’t in short supply however, neither is the demand for them. Over the years we have seen high demand for these properties which has driven the monthly rental up making them great BTL opportunities for landlords/first time investors.

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a great btl deal with a solid yield

A great Buy-to-Let has come to the market on Lloyd Street, Heaton Norris and if you’re looking for a good return with minimal expense then this could be the house for you!

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Welcome to Sharon

Welcome to Sharon who has joined our busy Heaton team as a Professional Viewer.

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a beautiful new build with a fantastic yield

I fully appreciate that this isn’t a ‘typical’ buy to let however high value properties can also make fantastic investments if you have the money to spend. This house on Kensington Close is no different.

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Its Summer Time – Get Active

SK4 is spoilt for choice when it comes to sports facilities within the area. The Heatons Sports Club on Green Lane has top class facilities which include: floodlit Tennis courts, two Rugby pitches, two Lacrosse pitches and a Cricket pitch. If Golf is your sport, then look no further than the beautiful Heaton Moor Golf course is set in the mature Heatons Conservation area. This demanding 18 hole course must be played to fully appreciate.

And if it’s a racket sport your after, the West Heaton Bowling, Tennis and Squash Club could be something which takes your fancy. Based just off Princess road the well run club boasts a bowling green, six floodlit tennis courts and two Squash courts.

I can say from experience, these well supported clubs are extremely friendly and do great things to support this fantastic community. Get Active!

 

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The Heatons Summer Festival

On the 9th & 10th June, 4HTA will be hosting this year’s Summer Festival at the Heatons Sports Club. Attracting 9,000 people last year, this fantastic community event NEEDS YOUR HELP.

If you would like to be a part of the festival and could spare just a few hours either on the day OR in the run-up, please contact Mel on, events@fourheatons.co.uk

Your help will be greatly appreciated.

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