Local Lettings & Sales October

The autumnal season is slowly starting to rear it’s head, with the heating slowly being switched on and making homes snug and warm, it can make for a really inviting atmosphere on a viewing. Having your home look it’s best will ultimately help in having your property stand out from the crowd when it’s advertised online.

Recently we received our Rightmove Best Estate Agent Guide 2019, reflecting on our properties performance on the portal this year. We’re proud to declare that we receive 109% more detail views per listing compared to all other agents here in Peterborough.

Not only that, but we generate a massive 254% more leads per listing compared to the other agents in the local area. These are statistics we’re very proud of and want to share that success with you. So if you’re thinking of selling in the near future, you know who to call.

The local average asking price for the Peterborough area is currently £237,796 which shows a 1% decrease from last month and a 1% decrease on last year.

There are 1,701 properties for sale in Peterborough with a healthy 162 properties added in the last 14 days, with the average days for a property to receive an offer standing at 98 days.  This can be reduced through our professional pricing and marketing methods that has also seen us achieve, on average, offers of 99.25% of our asking prices in 2019.

On the lettings side the average rental price for the Peterborough area is currently £723 per month, which shows an increase of 0.5% from last month.

The average rents by property type shows rooms average £418pcm, flatsaverage £719pcm and houses average £854pcm

There are currently 563 available properties for rent of all sizes in the Peterborough area with 140 becoming advertised in the last 14 days.

496 of these properties are available for under and including £1000.00 pcm.On a positive note we have seen 67 four- and five-bedroom properties become available, nearly double what was available last month.

We’ve continued to see rents increase across agents portfolios, however this can easily lead to a rise in tenant turn over with the risk of increased void periods too. Which in turn eats away at the value of a Landlords property. Our Landlord profit retention plan has seen us pick up a number of new properties, all benefiting from stable, full management fees linked to a service that focus’ on the asset management of the property and the professional standards of our tenants, who we work closely with.