Brought to you by chelmsfords' property experts
When the time comes to sell your home it is important to ensure that you entrust your sale to a reputable estate agent, if the stress of selling is to be minimised. However, the most successful sales tend to be those where the seller and agent work hand in hand during the marketing process. Here…
The latest NAEA report suggests that some first-time buyers, particularly in areas outside of London are pushing themselves further in order to maximise the benefit of stamp duty relief. In this way, they suggest, they are skipping the traditional first home and making the jump straight up the ladder to what might previously have been…
With London house price growth slowing and momentum building in the more northern and Midlands regions over 2017, we review what has happened to the well-documented North/South divide. By early 2017 average sales prices in the South were 78.7% higher than in the North, the highest premium of the last 20 years. The premium paid…
Winter may not be behind us yet, but, as far as the property market is concerned, spring is definitely in the air! The latest figures from Rightmove suggest a cautiously positive market. Of the relatively modest 1.5% annual increase in the price of new-to-market properties on the portal, 0.8% of this occurred last month! This…
As the new school term gets underway, we revisit the well-oiled notion that schools are an instrumental driver of local Chelmsford house prices. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school? Properties located within one mile of an outstanding secondary school sold for, on average,…
The HMRC has published figures for the number of residential property transactions which took place over 2017. While figures for the last three months of the year are still provisional, if these sales levels are confirmed, the number of sales recorded looks to have been largely unchanged for the past four years. This is perhaps…
Digging down into our dataset, we’ve taken a look at the difference in price paid per square foot in 2017 according to which floor flats were situated on. The analysis reveals that the peak for average price in 2017 was the sixth floor, where flats sold, on average, for £616 per sq ft. This is…
We have been digging around into the Land Registry data which has revealed a few curious results. In particular, we looked into the day of the week when properties complete. However, we found the variation by price band interesting. Higher value properties are less likely to complete on a Friday than those in the lower…
As a seller, it is tempting to accept the highest estate agent’s valuation you receive. However, there are three sound reasons why you should avoid overpricing your home initially, as overpriced property often ends up selling for less than it otherwise might have. Firstly, buyers buy by comparison. Why should they buy your house if…
Is the property market up or is down? This month, more than ever, the answer depends on who you speak to. For example, according to the Land Registry, a total of 850,281residential properties were sold during 2017, which is a clear 14.6% fall on 2016 (although still 30% up on the low-point of 2008). In…
According to recent statistics, an estimated third of employees spend at least some of their week working from home with high speed broadband rising up the criteria list for new house buyers. Evidence suggests that broadband speeds could affect the price that buyers end up paying for their next move. Some of this will be…