Category: property market news

£750 MILLION LESS IN RESIDENTIAL SDLT

At £8.32 billion, Treasury coffers netted £750 million less in residential SDLT (Stamp Duty Land Tax) receipts across England in the financial year to the end of April, compared to 2017/18. This is despite just 16,000 fewer transactions taking place.

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welcome back dan!

Today we say a warm welcome back to Dan Biddle who joins us in The Heatons office as Lettings Manager. Dan started his career here with us in Heaton Moor, 7 and a half years ago in fact and we are delighted to have him back with us.

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ENERGY EFFICIENT HOMES

Autumn in well underway, and in households up and down the country the conversation will soon turn to (if it hasn’t already) ‘is it cold enough yet to turn the heating on?’

Across England and Wales, 17% of homes sold over the past year have achieved the top Energy Performance Certificate (EPC) rating of A or B. This compares to 40% of properties that have sold with an energy performance rating of D.

With energy efficiency a requirement in the building of new build homes, nine in every ten new build properties hit the grade, while the figure is just one in 14 for resale properties.

In the resale market, properties that are energy rates A or B have achieved a 10% price premium over those rates D, equivalent to almost £28,000. Replacing boilers, adding insulation, double glazing and reducing thermostat temperatures and replacing light bulbs with LED’s, are all ways households can seek to improve energy efficiency.

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PROPERTY VIEWING TURN-OFFS

Cracks, marks and stains leave the biggest negative impression on prospective buyers during a viewing, with a 76% turn-off rate. This is according to Sell House Fast who surveyed 1,266 people who have been to several viewings over the last year.

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A basic guide to decorating

Flick through the pages of any magazine these days or scroll through the popular Pinterest app and you’re likely to see endless images of chic properties with timeless décor. For those of us that are blessed to be able to colour-match and accessorise effortlessly, this is an entirely attainable vision; however, for the rest of us who are a little more challenged in the decorating department, it can be tough to know where to start. Read through our basic guide to decorating and we will provide you with some guidelines which are sure to help you turn your home in to a real page-turner.

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STUDENT DIGS

As the new term begins, vast numbers of students up and down the country will be starting to move into their new homes.

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BACK TO SCHOOL!

£3,485 is the estimated average cost of school uniforms for a child over the course or their school life (Reception to Year 11).

The cost is equivalent to 4.31 months’ of a mortgage repayment or 3.31 months’ of average rent, although there are substantial regional variations.

Across the North East and Yorkshire and the Humber, the total cost of kitting out a child is more than eight times an average monthly mortgage repayment, while across London the cost of two months’ rent is on par with school uniform costs.

Across the country, 8.4 million children are predicted to return to primary or secondary school this week, a total uniform bill in the region of £2.4 billion.

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how much does disrepair put off homebuyers?

When viewing a property, we’re all on the lookout for anything and everything that needs fixing or could use a bit of work.

While we’d all love to find a home that requires no work at all, chances are whenever you buy a property, it will come with its fair share of needed repairs.

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my top tips for designing a home office

With businesses offering a greater level of autonomy and flexibility to their workers than ever before, as well as millions who are registered as self-employed, many of us will have office spaces in our homes. These spaces are vital to our productivity, and we have therefore put some of our favourite design ideas together in order to make your home office a hotbed of efficiency. 

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NEW HOMES BY PROPERTY TYPE

Back in 2008/09, almost half (45%) of homes built in the year across England and Wales were flats, with the majority of these having two bedrooms. The shift in government policy a number of years earlier had resulted in higher density housing on brownfield and urban sites. Many developers were building with investors in mind, as investors flocked to buy city centre flats.

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