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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The Elevators | Sat, 03 May, 2025

The Elevators are back and ready to rock! Join us for an exciting night filled with your favorite hits as this amazing band brings their energy and talent to the spotlight.

Click here to read The Elevators | Sat, 03 May, 2025.



Is it time to invest in a holiday home? What you need to know about second properties

Investing in a holiday home can be an exciting prospect, offering both a personal retreat and potential rental income. However, purchasing a second property comes with several important considerations that you’ll need to understand to make an informed decision. Here’s what you need to know about buying a holiday home in the UK.

  1. Location is key:

When buying a holiday home, location is one of the most critical factors. Whether you’re looking for a coastal retreat, a countryside getaway, or a property near popular tourist destinations, choosing the right location can significantly impact your property's rental potential and long-term value. Consider areas that are popular with tourists or near natural attractions, as these tend to offer higher demand.

  1. Financing and mortgages:

Financing a second property can differ from purchasing your primary home. Lenders often require a larger deposit for second homes, typically around 20-30% of the property value. Mortgage rates for holiday homes can also be higher, so it’s important to shop around and get advice on the best options. If you plan to rent the property out, consider a buy-to-let mortgage or explore holiday-let mortgage products.

  1. Maintenance costs and responsibilities:

Owning a second home comes with ongoing maintenance costs. If you plan to rent out your property, you’ll need to factor in the cost of regular cleaning, repairs, and property management. Ensure you have a reliable service for managing the property if you’re not nearby, as this will help keep the home in good condition and enhance the experience for guests.

  1. Rental income potential:

Many people buy holiday homes with the intention of renting them out when they’re not in use. Renting your holiday home can provide a steady stream of income, especially during peak seasons. However, it’s important to understand the local rental market, as rental demand can fluctuate based on seasonality and competition from other properties.

  1. Legal and tax considerations:

 Before making the purchase, make sure you understand the legalities surrounding second homes, including any tax implications. For example, rental income is taxable, and capital gains tax may apply if you sell the property for a profit. It’s advisable to consult with a tax professional to understand your obligations.

In conclusion, investing in a holiday home can be a rewarding experience if approached carefully. By considering location, financing, maintenance, rental income potential, and legal factors, you can make a well-informed decision about purchasing a second property.

 

 



Buy-to-Let vs. Buy-to-Sell: Which Investment Strategy Works Best?

When it comes to property investment, two strategies often come up for consideration: Buy-to-Let and Buy-to-Sell. Both can be profitable, but they come with their own sets of risks and rewards. Understanding the differences between these approaches is essential for making the right decision based on your financial goals, time commitment, and risk tolerance.
Buy-to-Let: long-term rental income
The Buy-to-Let strategy involves purchasing a property with the intention of renting it out to tenants. Investors typically rely on the steady rental income to provide cash flow while also hoping for long-term capital growth in the property's value.
Pros:
Steady cash flow: Rental income can provide a regular, passive income stream, helping cover mortgage payments and generate profits.
Long-term growth: Over time, property values in desirable areas tend to increase, offering potential for capital appreciation in the long run.
Tax benefits: Landlords can deduct expenses such as mortgage interest, repairs, and management fees, reducing the taxable amount of rental income.
Cons:
Property management: Being a landlord involves ongoing responsibilities like maintenance, tenant management, and potential vacancies.
Market fluctuations: Rent prices and property values can be affected by broader economic conditions, such as interest rates or regional housing demand.
Buy-to-Sell: short-term profit from flipping
The Buy-to-Sell strategy involves purchasing a property, often below market value, renovating or improving it, and then selling it at a higher price for a short-term profit. This strategy is sometimes referred to as "property flipping."
Pros:
Quick returns: If done correctly, flipping properties can result in large, one-time profits in a relatively short amount of time.
Less long-term commitment: Unlike Buy-to-Let, you don't need to manage tenants or deal with long-term maintenance issues once the property is sold.
Market flexibility: Investors can target properties that are undervalued or in areas expected to see short-term growth, capitalising on emerging trends or developments.
Cons:
High risk: The property market can be unpredictable. Unexpected renovation costs, market downturns, or difficulties in selling can result in losses.
Capital intensive: The Buy-to-Sell strategy often requires a significant upfront investment for both the property purchase and renovation costs. Additionally, the time and cost involved in selling can eat into profits.
Taxes on profits: Flipping properties may result in higher tax rates on profits, as the gains are often considered income rather than capital gains.
Which strategy works best?
Ultimately, the best investment strategy depends on your personal goals and resources:
If you’re seeking steady, long-term income and are willing to handle the responsibilities of being a landlord, Buy-to-Let might be the way to go.
If you’re looking for quick, high returns and have the capital and expertise to manage property renovations, Buy-to-Sell could suit you better.
In both cases, thorough market research, careful planning, and financial readiness are key to success. Whichever strategy you choose, it’s important to align your investment with your risk tolerance and long-term financial objectives.



 

 



How to navigate the shared ownership scheme: A guide for first-time buyers

For many first-time buyers in the UK, the rising cost of property makes homeownership seem out of reach. The Shared Ownership Scheme provides a way to get onto the property ladder by allowing buyers to purchase a share of a home and pay rent on the remaining portion. Here’s how to navigate the shared ownership process.

  1. What is shared ownership?

With shared ownership, you buy between 25% and 75% of a property and pay rent on the remainder. Over time, you can increase your share through a process called “staircasing,” eventually owning the property outright. This makes it easier to afford a home, with smaller deposits and mortgage requirements.

  1. Eligibility criteria:

The scheme is aimed at first-time buyers, those with an income under £80,000 (£90,000 in London), and people currently renting social housing. You’ll need to meet certain financial criteria, including having a good credit history, and be unable to afford a home on the open market.

  1. Choosing the right property:

Most shared ownership properties are new builds or managed by housing associations. These homes are often located in areas with limited availability, so it’s important to act quickly. Ensure the property is in a location where you can see yourself living long-term.

  1. Financial considerations:

You’ll need a mortgage for the share you purchase, along with a deposit. Rent on the remaining share is typically lower than private rental prices but is still an additional cost. Other costs, such as service charges and maintenance fees, should be factored into your budget before committing.

  1. The long-term plan:

Shared ownership can be a stepping stone to full homeownership. As you pay down your mortgage, you can gradually increase your share in the property. Some schemes may have restrictions on selling or transferring the property, so it’s important to read the terms carefully.

In conclusion, the Shared Ownership Scheme offers a great opportunity for first-time buyers to enter the housing market. By understanding the eligibility, costs, and long-term commitments, you can make a well-informed decision.
 

 



The impact of smart home technology on property values in 2025

As smart home technology continues to evolve, it’s becoming a key consideration for buyers and sellers in the UK property market. From voice-controlled assistants to energy-efficient systems, smart technology is not only enhancing convenience and security but also influencing property values. Here’s how smart home features are impacting real estate in 2025.

  1. Increased property value:

Homes equipped with smart technology often see a higher market value. Features such as smart thermostats, security cameras, lighting, and home automation systems appeal to modern buyers who prioritise convenience and energy efficiency. Properties with these upgrades can command a premium price, especially in competitive markets like London and other major cities.

  1. Energy efficiency and cost savings:

Smart home technology can lead to significant energy savings, which is an attractive feature for environmentally-conscious buyers. Devices like smart thermostats (e.g., Nest) and energy-efficient appliances help reduce utility bills, making a home more affordable to run. As demand for sustainable homes increases, properties with smart energy features are expected to appreciate in value as they align with growing environmental concerns.

  1. Enhanced security and convenience:

Smart home security systems, including smart locks, doorbell cameras, and surveillance cameras, offer peace of mind for homeowners. These systems are often integrated with mobile apps, allowing users to control and monitor their homes remotely. Security is a top priority for many buyers, and homes with these features are seen as more secure, which can make them more desirable and boost their value.

  1. Appeal to tech-savvy buyers:

As technology becomes an integral part of daily life, tech-savvy buyers are increasingly seeking homes that offer the latest gadgets and automation. For first-time buyers and younger generations, having a home that’s fully connected and easy to manage via smartphones is becoming a must-have. Smart technology enhances the overall living experience, making such properties more attractive in the eyes of potential buyers.

  1. Market differentiation:

In a crowded market, properties with advanced smart home features stand out. Homeowners and landlords investing in these technologies can differentiate their properties from others, making them more competitive and appealing. As smart technology continues to grow, it will play an increasingly important role in property valuations.

In conclusion, smart home technology is a key driver in the 2025 property market. Homes with smart features offer greater convenience, security, and energy efficiency, all of which contribute to higher property values.