Category: Property Market Updates

A report put out by Broomfield Parish Council in April 2019 revealed 97% of people living in Broomfield wanted to stay. And more than 90% said the tranquillity, openness, wildlife, views and the natural break between Broomfield and other settlements was the biggest reason they loved living in the village. So, with that level of…

Chelmsford house prices Like much of the UK, Chelmsford transactions are down on the previous year as sellers and buyers both tentatively sit on their hands, waiting to see what emerges from the UK’s EU exit. From January 2018 to January 2019, transactions in Chelmsford were down 9% on year, with 3,733 sales in the CM postcode area. Over…

The appeal of Chelmsford to property hunters shows no sign of waning – good schools, great commuter links into London, the open green space of Essex and a wide variety of properties available to buy are all great reasons to buy in the city. Property for sale in Chelmsford Chelmsford’s Victorian and Edwardian properties in areas like…

We established a month ago that Chelmsford buyers put square footage high on their property wish list – or at least a good number of bedrooms. So, if you’re thinking of selling your home, it could pay to take stock on the space you have and consider adding more square footage to boost your property’s…

Over the last 5 years, we have seen some interesting subtle changes to the Chelmsford property market as buying patterns of landlords have changed ever so slightly. The background to this story was the recently published set of buy-to-let (BTL) lending statistics. Roll the clock back 12 months and 6,700 BTL mortgages were granted (in…

With the Government preparing to control tenant’s deposits at five weeks rent, Chelmsford landlords will soon only be protected in the event of a single month of unpaid rental-arrears, at a time when Universal Credit has seen some rent arrears quadrupling and that’s before you consider damage to the property or solicitor costs. It can’t…

Chelmsford property values are currently 3.8% higher than at the end of 2017, notwithstanding the uncertainty and threats over the potential impact of Brexit in 2019. This has exceeded all the predictions (aka guesses) of all the City of London economists, in an astonishing sign of strength for the local Chelmsford and wider national economy….

The conventional way of categorising property in Britain is to look at the number of bedrooms rather than its size in square metres (square feet for those of you over 50!). My intuition tells me that homeowners and tenants are happy to pay for more space. It’s quite obvious, the more bedrooms a house or…

For most Chelmsford people, a mortgage is the only way to buy a property. However, for some, especially Chelmsford homeowners who have paid off their mortgage or Chelmsford buy to let landlords, many have the choice to pay exclusively with cash. So the question is, should you use all your cash, or could a mortgage…