Welcome to your monthly property update!

Welcome to your monthly property update!





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Bury Road, Epping, CM16

This detached house offers extremely versatile accommodation over two floors that will suit a wide range... 
 
£900,000

Click here to read Bury Road, Epping, CM16.



Landlords, here are some top tips on finding and keeping great tenants

 
The demand for your rental property is huge right now, having increased by 10% again this year on the back of years of soaring demand.* As a landlord, you want to maximise your return on investment by achieving the best possible rent for your property. You also want to secure your investment and build a good relationship with tenants.

Location
Before buying, think about your potential tenants. Proximity to hospitals, schools, transport links, or universities may help define your target tenant. If you have already bought, remember that location is a great plus when attracting tenants.

The nicer your property the nicer your tenants
Decorate your property to the highest possible standard. Keep a neutral theme using safe colours. If there is room in your budget to improve the kitchen, flooring, and bathroom, do so. Just be careful not to overspend. A well-presented property in good condition will fetch more than a less well-prepared property. Typically, a nicer property will attract better tenants who will look after it if it’s in great condition.

Make your property as attractive as possible
When it comes to advertising your property, make sure it is clean and in tip-top shape, with all issues that need addressing sorted. Good pictures of beautiful properties will help you find great tenants quickly and fetch a better rent, while most likely creating a home that your tenants will want to keep renting. This ensures your investment.

Move with the times
Install USB sockets, energy-efficient appliances, and LED lighting. Smart meters, good insulation. Anything you can do to improve the energy efficiency of your property are in everybody’s interest. Many tenants are concerned about the cost of bills at the end of each month and will pay more in rent for a more efficient home.

The value of a great letting agent
A good letting agent will find the right tenants for your property. Whether you are renting one home or have a large property portfolio, a managed service is a smart move to make. You can choose what level of managed service you want. Finding good tenants and taking care of references, deposits, and everything from maintenance to inspections is no easy task. With a managed letting service, your investment is in safe hands, leaving you with more time for the more important things in life.

A managed letting service is the best way to move forward
As the Renters Reform Bill passes through Parliament, the future of letting your property will improve. The entire industry is being overhauled, making life easier for good tenants and good landlords. Bad landlords will find themselves forced to improve their practises. By using a managed letting service, you are already halfway to achieving great returns while minimising risk. Meeting all the current legislative changes is not something to be feared. Having an expert on your side so you can make the most of these changes ensures that your investment will thrive.

Are you a landlord, or do you want to take your first steps on the buy-to-let ladder?

Contact us today so your investment can flourish.

Zoopla*



Thinking about adding an outdoor kitchen or dining area to your home?

 
There is no doubt that even in this sometimes-rainy climate, alfresco dining has increased. Outdoor living spaces are what you make them, and today, the scope for creating your perfect outdoor space is limitless. An outdoor kitchen makes a lot of sense for a UK-based property because it creates a sheltered area for you to enjoy even if the weather is changeable.

Add a pergola
A good move is to build a pergola to shelter your kitchen; that way, you could potentially use it all year. Place your kitchen against your garden wall or simply arrange it however it feels comfortable for you, but keep in mind that you want your outdoor kitchen to be a sociable space so you and your guests, family, or friends can chat and get involved in your evening.

The size of your space is not important
You don’t need to have a vast outdoor space to build an outdoor kitchen; in fact, sometimes the more compact the space, the better. There are a huge variety of ovens, barbecues, and electric hobs to choose from. Anything goes, so design it your own way. If pizza and wood are your preferences, consider building your kitchen with wood, leaving space for a pizza oven.

Build around the barbeque
Perhaps you like a traditional, real charcoal barbecue. Build your own barbeque using bricks and match them with some walls that will support your food preparation areas. You may decide to make your work surfaces moveable so that they can be stored in the shed during the winter months. On the other hand, you may own a feature barbeque, and that could be the centrepiece of your kitchen.

Make it a moveable feast
Using free-standing tables or wheeled furniture is ideal if you are planning on setting up your kitchen for a few months, a few hours, or forever. If you love tiles, then tile a table or source one. There are plenty of furnishing options that can complement your dining table.

Two in one
If you have always liked the idea of having a bar in your garden or outdoor living space, consider building it large enough so that it could also serve as a kitchen. That way, you will have solved two problems with one simple solution. Build it yourself or buy it, then stain it, and it will last for years. Add some bar stools to make it a social hub for your friends and family.

If you build, do you need planning permission?
The short answer to this question is no, as long as you don’t exceed 2.5 metres in height and your structure is less than 2 metres from your property. The positive aspect of building something more solid is its durability and all-year-round usability. Add an outdoor heater or log burner, and you could feast even when it snows!

Will an outdoor kitchen add value to your home?
Any improvements you make to the outdoor living spaces of your home will most definitely add to its value. Creating outdoor spaces that seamlessly flow from your home's indoor living spaces is becoming a must have. No longer an unattainable luxury, making them highly desirable and sought-after.

Browse our properties to find a home with the perfect indoor and outdoor living spaces for you.



Home sales figures are looking strong for summer 2023

 
You are relaxing with a drink in the garden, and the summer scent of flowers and sweet grass mingles with whatever you are cooking on the barbeque. You take a long sigh and feel so happy that you have made the effort to move. Perhaps you have not experienced this feeling for a while. It could be that you are a first-time buyer and are eagerly awaiting this special and unique feeling. As the market stands, there is more than just nice weather and pretty houses to tempt you into moving.

Strong sales
With the UK housing market currently sitting at 500,000 sales, many analysts expect to see these figures rise to more than one million by the end of the year.* This is good news; it means that your home will sell quickly if you put it on the market. And is more proof that the property market is vibrant and far more resilient than the gloomy picture painted by the mainstream media.

The summer rush
Many people are hastily getting on the move in time for summer, not wanting to move during the colder months of winter. Summer is a beautiful time of year to move to your ideal home and is traditionally a busy time of year. For sale signs start appearing as quickly as summer flowers, giving you more choice. But it’s best not to wait for a sign to go up; keep in touch with your friendly agent, as homes can disappear from the market as quickly as they appear. Your agent will alert you the moment the right property for you becomes available.

Surging choice of homes
With 65% more choice in homes than this time last year.* The buying process today is far more enjoyable. You no longer have to worry about making offers over the asking price. From large and small energy-efficient homes that ooze character to new builds, and interesting period properties in a multitude of rural and urban locations, the choice on today’s market is more varied than ever. Homes across the market have undergone a massive amount of improvement during the home improvement boom of recent years. That said, there are plenty of projects waiting for you to put your mark on.

Summer is a great time of year to move
The kids are off school, the days are longer, the weather is not as harsh, and moving your belongings in more clement weather is a nicer experience. It’s also a great time to meet the new neighbours for a drink in the garden or a barbeque after you move in.

Good timing
Timing counts for a lot when it comes to selling your home, and right now the market is a hive of activity. A good agent will have their finger on the pulse and have a buyer waiting for your home to make its appearance on the market.

A vision of summer living
Bright and breezy rooms with seasonal flowers, drinks on the decking as the sun goes down, or the smell of something delicious cooking on the barbeque, or a simple, more compact space with a few candles and soft music soothing you after a hard day’s work are worth making the effort for.

Don’t waste any more time and make your move this summer?

Get in touch to see how we can help.

Zoopla*



February 2024 is bringing a fresh breeze of buyers and sellers

 
With a greater sense of optimism in the air, lowering mortgage rates, and a compelling choice of properties to entice you, the UK property market is feeling good. A new year always brings new trends, fresh ways of buying, interesting properties, and a fresh influx of homemovers. Now is a good time to open your mind to the endless possibilities.

Mortgage rates are falling below 4%
With sub 4% mortgage rates making a welcome appearance on the mortgage market, homemovers are excited and relieved. For many years, mortgage rates were unrealistically low, and this has created the perception that today’s rates are higher than they actually are. Mortgage rates will not in the foreseeable future return to super-low levels, and those who know this are making their moves and getting increasingly better deals. After all, you can always change your mortgage deal in a couple of years.

Homes finding new owners
More buyers means more sellers, and all bring their properties to the market at some point, for you to buy, or for them to buy yours. This hive of activity keeps the market buoyant at this time of year. Spring is just around the corner, and this is often one of the best times of the year to move thanks to longer days, and warming weather to enjoy viewings. If you decide to join the party, your agent’s database will be teeming with homemovers and may already contain the right buyer for your home.

New trends
Create your perfect work-from-home space by selling up and moving to your dream location. Making the most of your home’s equity by purchasing a buy-to-let investment or holiday let is still a very appealing option. First-time buyers can spend up to £600,000 with a 5% deposit thanks to the Mortgage Guarantee Scheme, which has been extended until June 2025. Sustainability, energy efficiency, compact living, and smart technology are also growing in popularity.

A settling market
If you are a buyer, better mortgage deals and solid pricing that represent good value put you in a good position to move, thanks to a slowdown in house price inflation in 2023. You will get a good price for your home if you are selling, and you will enjoy good value if you are buying. These are ideal conditions for finding a great property and settling down. When the property market feels calm, it makes for a more pleasant moving experience. With good guidance from an experienced agent, moving home does not have to be a stressful experience.

Inspirational properties
Sustainability and energy efficiency are blended with fun and functionality, defining your spaces but allowing them to feel connected. The growth of smart homes and smart energy, fitted with smart appliances, promises to make your life easier. Features such as glass roofs and glass-door walls, with modern, clean designs leading to homely outdoor garden spaces, even in compact homes, make for inspirational viewings. Architectural styles from every era offer space with style and a sense of timelessness with modernity in magical settings.
 
Get in touch to take a fresh approach to your new home search this February



Summer Fest 2024 6th September 2024

There will be inflatable fun, games, BBQ catering & external stalls. Performances start at 11.30. Actual fair will run from 12.00-4.00pm. Get your inclusive wristbands...

Click here to read Summer Fest 2024 6th September 2024.




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Martin Kemp Live DJ set -Back to the 80'sSat, 1 Mar 2025

The Spandau Ballet star will be taking to the decks and spinning all the best of the hits from the 80's. As he presents the biggest 80's night to ever hit the town!

Click here to read Martin Kemp Live DJ set -Back to the 80'sSat, 1 Mar 2025.



How could recent price rises help to offset the stamp duty increase?

 
The property market has a way of taking care of itself. The recent average, price increases of 1.7%* in January, perhaps driven by demand to beat the stamp duty rush, could help to mitigate some of the costs associated with stamp duty (SDLT). However, this will also largely depend on how well you can negotiate a good selling price and have a good strategy when making an offer.
Strong values could help with stamp duty rises  
For single-owned residential properties, stamp duty has various thresholds, meaning its rise by 2% from 0% on properties is from the portion priced between £125,001 and £250,000.** The increase in value of your property could be more than this amount, which is £2500. However, you pay stamp duty after the purchase of a property, so a lot depends on the finer details of negotiating your offer. If your home’s value is more than £250,000, those thresholds remain the same for a single property.
Understand the full stamp duty rates
It’s important to note that the existing thresholds for homes worth more than £250,000 remain unchanged for single-property purchases. At 5% on the portion from £250,001 to £925,000.** Beyond this, the next £575,000 (from £925,001 to £1.5 million) is taxed at 10%, and any amount above £1.5 million is taxed at 12%.**
First-time buyers
Until 31 March 2025, first-time buyers benefit from a stamp duty (SDLT) discount, paying no SDLT on properties up to £425,000 and 5% on the portion from £425,001 to £625,000.** However, if the property price exceeds £625,000, the relief does not apply, and standard rates are used. From 1 April 2025, the discount threshold will be reduced, with no SDLT on properties up to £300,000 and 5% on the portion from £300,001 to £500,000.** If the price exceeds £500,000, buyers must follow the standard stamp duty rules applicable to those purchasing a home for the second time or beyond.**
Maximise your home’s value
With demand high and prices rising, now is a great time to assess your property’s true worth. A professional valuation could reveal a larger-than-expected increase in your home’s value, putting you in a stronger position when selling and helping to counteract stamp duty costs. Making the most of your home’s value can often be about the little things as well as staging and presenting it professionally.
Market momentum is building
As we move further into the year, market confidence continues to grow. Lower mortgage rates, high demand, and rising home values are all contributing to a buoyant property landscape. Whether you're looking to upsize, downsize, or relocate, conditions remain favourable for making your next move.
The power of good negotiation
A well-negotiated offer can make all the difference when securing your next home, and having an experienced agent by your side can help you achieve the best outcome. A good agent will understand market conditions, assess the seller’s position, and guide you on making a strong yet strategic offer. Whether it’s negotiating on price, securing favourable terms, or ensuring you stand out in a competitive market, expert advice can put you in the best position to succeed.

Contact us today for a free valuation and expert advice 
Rightmove*
GOV.UK**
 



Tips to make your offer more attractive to sellers without overpaying

In today’s competitive property market, securing the home you want requires more than just making a high offer. Sellers consider multiple factors when choosing a buyer, and a well-structured, appealing offer can give you the edge without stretching your budget too far. Here are some key strategies to make your offer stand out while ensuring you pay a fair price. 

Get your finances in order 

Sellers prefer buyers who can move quickly and with confidence. Having a mortgage agreement in principle (AIP) shows that you are financially prepared and serious about buying. If you are a cash buyer, making this clear in your offer strengthens your position, as sellers often favour buyers who do not rely on mortgage approval. 

Be flexible with your timeline 

A seller’s ideal buyer is someone who fits their moving plans. If they need a quick sale, being ready to proceed without delays can put you ahead of the competition. On the other hand, if they need extra time to find a new home, offering flexibility on move-in dates could work in your favour. Asking the seller about their preferred timeline and accommodating their needs can make your offer more appealing. 

Keep your offer clean and simple 

Avoid adding unnecessary conditions that could slow down the process. Sellers may be put off by offers that are dependent on selling another property or subject to extensive surveys and delays. A straightforward offer with fewer contingencies reassures the seller that the sale is less likely to fall through. 

Establish a good relationship with the seller 

Property transactions are not purely financial. Sometimes sellers favour buyers they feel a connection with. Expressing why you love the property and how you plan to care for it can create goodwill. This is especially effective when sellers have an emotional attachment to their home.  

Work with a reliable estate agent 

A well-regarded estate agent can present your offer in the best light and highlight your strengths as a buyer. If you are working with a trusted agent, they can communicate your seriousness and financial readiness to the seller’s agent, giving you a competitive edge. 

Show you are ready for a smooth transaction 

Being prepared with all necessary documents, such as proof of funds and solicitor details, demonstrates that you are serious and ready to move forward. Sellers and agents appreciate buyers who are organised and can proceed without unnecessary delays. 

Win the offer without overpaying 

Securing a property does not always mean offering the highest price. A well-prepared, flexible, and confident approach can make your offer more attractive without exceeding your budget. By presenting yourself as a strong, reliable buyer, you increase your chances of getting the home you want without paying over the odds. 

 

Need expert advice on making a winning offer? Contact us today for guidance on navigating the buying process successfully 

 



Maximising rental yields in 2025: Strategies for UK landlords

With the rental market evolving, landlords in 2025 must adopt smart strategies to maximise their rental yields while maintaining strong tenant demand. Rising costs, changing regulations, and shifting tenant preferences mean that landlords need to be proactive in optimising their investment returns. Whether you own a single rental property or a portfolio, here are key ways to maximise your rental income this year. 

Set the right rent for market conditions 

One of the most effective ways to maximise rental yield is by setting a competitive rental price. Overpricing can lead to long void periods, while underpricing means missing out on potential income. Regularly researching local rental values and adjusting your rent accordingly ensures you remain in line with market demand. Using letting agents or rental valuation tools can help you find the right balance between attracting tenants and securing strong returns. 

Minimise void periods 

Every month a property sits empty is lost income. To reduce void periods, ensure your property is well-maintained and market-ready before an existing tenant moves out. Listing your property early and offering flexible move-in dates can also help secure a new tenant quickly. Keeping good relationships with current tenants and offering incentives for lease renewals can further reduce turnover and maintain consistent rental income. 

Make cost-effective upgrades 

Small improvements can significantly increase rental value and attract quality tenants. Upgrading kitchens and bathrooms, improving energy efficiency, and modernising interiors can justify higher rents. Features such as high-speed broadband, smart thermostats, and modern appliances are becoming key selling points. Investing in energy-efficient upgrades may also help future-proof your property against evolving government regulations. 

Offer fully furnished or part-furnished options 

Furnished properties often command higher rents, particularly in city centres and areas popular with young professionals or corporate tenants. Offering a part-furnished or fully furnished option can increase demand and attract tenants willing to pay a premium. Providing quality furniture and neutral decor appeals to a wider tenant base and can justify a higher rental price. 

Optimise energy efficiency to meet tenant expectations 

With rising energy costs and stricter regulations on rental properties, improving energy efficiency is becoming essential. Properties with better Energy Performance Certificate EPC ratings are increasingly preferred by tenants who want to save on bills. Installing better insulation, double glazing, and energy-efficient heating systems can increase desirability and rental value. Government incentives may also be available to help cover upgrade costs. 

Review mortgage and financing options 

For landlords with buy-to-let mortgages, reviewing your financing arrangements can help boost rental yields. With mortgage rates fluctuating, refinancing to secure a better deal could reduce monthly repayments and improve profitability. Speaking to a specialist mortgage broker can help identify opportunities to restructure lending and maximise returns. 

Stay compliant with changing regulations 

Regulatory compliance is key to maintaining strong rental yields. Failing to meet new legal requirements can result in fines and additional costs. Staying up to date with licensing rules, deposit protection laws, energy efficiency standards, and health and safety regulations ensures your property remains legally lettable and attractive to tenants. Seeking professional legal or lettings advice can help you stay ahead of regulatory changes. 

Build strong relationships with tenants 

Retaining reliable tenants reduces costs associated with finding new occupants and minimises void periods. Good communication, prompt maintenance responses, and fair rent adjustments help create long-term tenancies. Satisfied tenants are more likely to renew their tenancy agreement, reducing turnover and ensuring steady rental income. 

Maximising returns in 2025 

With the right strategies, landlords can improve rental yields while keeping their properties in demand. Setting competitive rents, reducing void periods, making smart upgrades, and staying on top of legal requirements are key to a successful and profitable rental investment. By adapting to market trends and tenant expectations, landlords can ensure strong returns in 2025 and beyond. 

 

Contact us today for insights on how to optimise your buy-to-let investment 



Key positives driving the UK property market forward this February

The UK property market is showing strong momentum this February, with increased activity from both buyers and sellers. A combination of rising demand, improved mortgage deals, and appealing properties is fuelling confidence in the market.
Prices reflect strong demand
The average price of a property coming to market increased by 1.7% (+£5,992) in January to £366,189, marking the biggest jump in early-year prices in five years.* This growth reflects continued buyer interest and suggests that those considering selling their homes could benefit from robust demand and competitive offers.
Active sellers
Sellers are entering the market with renewed confidence, with 11%* more new properties listed compared to the same period last year. A wider selection of homes gives buyers more options while ensuring sellers attract attention from a motivated pool of purchasers eager to move. 
Active buyers
Buyer demand is also on the rise, with the number of agreed sales increasing by 11% year-on-year.* More buyers committing to purchases signals a thriving market, where realistic pricing and desirable properties are securing strong offers.
Stamp duty
With the 1st of April deadline having prompted many to start early, first-time buyers and homemovers seized the opportunity to minimise costs, adding more momentum to the market. Homemovers who do not move before then recognise the 2%** increase in stamp duty between £125,001 and £250,000, amounting to £2,500, is relatively small set against their investment and the improving market conditions. This makes the decision to move more straightforward.
Better mortgage deals
Lenders are responding to market conditions with more competitive mortgage deals, helping buyers secure favourable rates. Lower borrowing costs are encouraging those who may have delayed their move last year to re-enter the market, boosting overall activity and driving momentum.
Beautiful properties
With more homes available, buyers can explore a diverse range of properties, from charming period homes to contemporary new-builds. Sellers who present their properties well, using professional photography and effective marketing, can attract strong interest and secure the best possible price in this active market.
Market confidence
The improving economic outlook and rising consumer confidence are supporting the property market’s momentum. Stable house prices, increasing wages, and a strong rental market are encouraging both buyers and investors to act. With greater certainty in the market, more people are taking decisive steps towards buying or selling their homes.
 
Start your journey this February with confidence by booking a free valuation