The Wellingborough Property Blog

  PROPERTY MARKET UPDATE: WHAT’S HAPPENING IN THE UK PROPERTY MARKET House prices have hit yet another record high, while the true scale of the UK’s price increases has been revealed, and a study has shown the locations where properties sell the fastest. Read on for all this and more in July’s property market update. House prices rise for the sixth consecutive record month Asking prices for UK homes have risen to a new record high for the sixth straight month. Figures released by leading property portal, Rightmove, show that the average asking price for a UK property is now £369,968 – an increase of 0.4% or £1,354 in the past month. The increase is higher than May’s 0.2% figure, but far lower than April’s rise of 2.1%, as the housing market begins to show signs of a cool down after a long period of unprecedented growth. Further data shows that prices have increased 9.3% over the past year, largely driven by the far higher demand for homes than the supply available, with the latest data

  After your offer has been accepted, many buyers opt to undertake a homebuyer’s survey. Surveys are a great way to feel reassured about the property’s condition and what maintenance may be needed in the future. Major issues with the property should already be reported in the property listing, so surveys don’t typically create much cause for concern. However, sometimes sellers aren’t aware of a property’s issues until a full homebuyer’s survey is carried out, leaving you with an unexpectedly bad report. If you have received a bad survey on a house in Northamptonshire, here’s an overview of the next steps you can take. 1. Discuss It With Your Surveyor Survey reports are known to frighten potential buyers. Sometimes, they can highlight every risk and potential issue that exists or could exist in the future for your new home. Before making any quick decisions, talk through the results in detail with your surveyor. Get an idea about things like how common the issues are and what the severi

  THE RACE FOR OUTSIDE SPACE With the tug of war between supply and demand playing out over the past few years and onwards, property value continues to increase as prospective buyers search for more open space and larger gardens in hopes of finding sanctuary outside of working-from-home hours.   Heatwaves The summer of 2022 has already seen temperature highs of 40 degrees. If demand for garden space fit for barbeques and sunbathing was already high, it’s now skyrocketing. Due to current buyer interest in outdoor relaxing, features such as patios, decking and well-maintained sheds can increase the value of your home substantially. Prospective buyers want a garden that is built for summer, as this may be one of their key reasons for moving this year.    Value Current research suggests homes with gardens have an increased value of as much as 20%, particularly in urban areas where outdoor space is limited. Over the recent years gardens have become a must for many potential home buyers, as

  WHAT ARE HOUSE MOVING COSTS? If you’ve been thinking about buying a house in Northamptonshire, you’ll be daydreaming about how many bedrooms you need, what the garden is like or if it’s in the right school catchment area and has a garage. These are all important factors when deciding on a new home, and it’s probably the case that the emotional heart will rule. But, sit back and work out the financial implications of moving house – it may be the head rather than the heart in this case, but it’s important as you plan the next chapter in your life. Here at Chelton Brown we have the expertise to take you through some of the critical factors when thinking about the money side of moving house in Northamptonshire. The Legal Fees Aside from the actual cost of the house and the mortgage repayments, one of the first things to do is think about the legal fees. Conveyancing companies and solicitors are the ones who focus on property. Many have almost instant conveyancing quotes on their website.