Chelmsford Rents Set to Rise to £1,042 pm in Next 5 Years
It’s now been a good 12/18 months since annual rental price inflation in Chelmsford peaked at 3.3%. Since then we have seen increasingly more humble rent increases. In fact, in…
One in 23 rental properties in the Chelmsford area will be illegal in 2018
As the winter months draw in and the temperature starts to drop, keeping one’s home warm is vital. Yet, with the price of gas and electricity rising quicker than a…
Chelmsford Property – November catch up.
This November has seen both an increase in interest rates and the abolition of SDLT (Stamp Duty) for first time buyers up to £300,000. Certainly the nominal 0.25% interest rate…
Increase in Interest Rates to cost Chelmsford Home Owners £318.41 a year!
Chelmsford homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from…
The Chelmsford House Price Index: 167.29
I had the most interesting conversation the other day with a local Chelmsford accountant, who asked me about my articles on the Chelmsford property market. It was quite humbling to…
Chelmsford Homeowners Are Only Moving Every 15.5 Years (part 2)
In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped…
Chelmsford Home Owners Are Only Moving Every 15.5 Years (part 1)
As I mentioned in a previous article, the average house price in Chelmsford is 10.86 times the average annual Chelmsford salary. This is higher than the last peak of 2008,…
Chelmsford House Prices Outstrip Wage Growth by 22.19% since 2007
I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The…
Chelmsford Property Market – October ’17 my thoughts
There is a very different vibe to the property market from last month, with a number of reports suggesting that the market is rapidly changing from being a sellers’ market…
Moving from a 2 bed Chelmsford Property to a 4 bed will cost you £1,418 pm
Moving to a bigger home is something Chelmsford people with growing young families aspire to. Many people in two bedroom homes move to a three-bedroom home and some even make…
Chelmsford Buy-to-Let Return / Yields – 2.3% to 7.2% a year
The mind-set and tactics you employ to buy your first Chelmsford buy to let property needs to be different to the tactics and methodology of buying a home for yourself…
19.6% Drop in Chelmsford People Moving Home in the Last 10 Years
I was having a lazy Saturday morning, reading through the newspapers at my favourite coffee shop in Chelmsford. I find the most interesting bits are their commentaries on the British…