According to Rightmove property prices are steadily rising and have risen 5.5% since June 2015. With the availability of cheap mortgages and the rush for properties ahead of April’s stamp duty increase, the market has been buoyant with the national average time of 57 days to sell a property. Greater London is the only place in England and Wales that property asking prices have declined by 0.2%
With the referendum looming some sellers are waiting to see the outcome before committing their home for sale. The UK Treasury projected that should Brexit take place there could be an 18% fall in house prices. Interesting projections, and as with most political hot potatoes little will happen to the market itself initially whether the UK chooses to stay or go.
Mike at Tortoise Property says “Although politically we do not know what effect the referendum vote will have on the housing market, as we have approached the vote, we have seen a continued rise in house prices. This is unusual where a situation of political uncertainty exists. Locally we are experiencing shorter timeframes when selling a property, in line with the national statistics due to a continued demand of buyers.”
There are some fantastic low-rate fixed-rate mortgage deals around right now that is great news for buyers and those looking to re-mortgage. Whether you are looking for a 2,5 or 10 years deal shop around as there are 2 year deals with interest rates as low as 1.14%. If you are looking to sell our FREE online valuation tool is a simple way to gauge the value of your home.
Chris from Tortoise Property says “If you’re looking to place your property on the market , getting a guide price is a great place to start. Our website offers the facility for you to get a free instant online guide price valuation . With this in hand, we can call out to see you at your property for a more detailed valuation, as every home has it’s own assets and features it’s important to get a true measure of the value of your property. Once you’ve got your detailed valuation and you’re ready to make the next step, our Relationship Manager can offer you mortgage advice with access to some of the best lender deals available such as an exclusive mortgage product from NatWest for a five year fixed rate deal at 2.18%.”
New Properties coming to market this month:
A four bedroom detached property at Bayleaf Avenue, Hampton for sale at £275,000.
A four bedroom detached property at Brickton Road, Hampton for sale at £265,000.
A three bedroom end-terrace at Thorn Road, Hampton for sale £200,000.
Recently Sold:
A three bedroom detached property at Tilman Drive, Hempstead selling for of the asking price.
A five bedroom detached property at High Court Way, Hampton Vale for of the asking price.
A two bedroom property at Monument Street, Peterborough selling for of the asking price.
A recent article in PropertyWire stated that over half of UK buyers spend more than they intended to in order to secure their dream home. Interesting facts indeed when you consider then emotions dictate what we want winning over the logical side of saving money. Over half of the people polled spent over 10% more than they had budgeted for. As experienced agents we know that emotions are the biggest pull for a buyer when they see the home that is right for them. Quite often in our experience people will pay a little more in order to get a little more.
One of the properties that recently came to market is an executive detached five double bedroom property situated in a quiet location in one of Hampton Vale’s Premier Roads. The property benefits from a refitted Kitchen/ Breakfast room, Utility room, Large Lounge, Dining room, Five Double Bedrooms, En-suite to Master Bedroom, Family Bathroom and Shower room. Outside there is a driveway providing parking for up to six cars and a detached double garage. To the rear is a private garden. Take a look at the full description and video.
Contact us on 01733 592020 for further information on any of our properties keep an eye on our website and our facebook page where we regularly update our latest stock.
I hope you are enjoying our blogs, new ones are available weekly and our back catalogue can be found on our blog at www.tortoiseproperty.co.uk/blog