Living close to a good school remains a priority for home buyers in the UK with 20% of estate agents believing it is the most important factor.
The latest research data from Move with Us, found that 18% of estate agents believed good transport links were key. Proximity to local amenities such as doctor’s surgery and shops came in third with 14% of the votes.
Other factors that were less important to buyers include a fast internet connection which scored 7.6% and a good mobile phone signal with 13%.
A home which cost just £1 nine months ago, would now go back on the market with an asking price of around £70,000.
Dubbed Britain’s cheapest home, Lawrence Poxton and his wife Teresa bought the terraced property in Stoke-on-Trent for just £1 after the council put 33 heavily reduced properties on the market in an innovative attempt to clean up the area.
The bus driver, 48, and his wife were picked from thousands of applicants in November of last year to be the first couple to purchase one of the reduced houses.
Since then, the couple have transformed the boarded-up two-bed mid terrace into a modern home – with a spacious bathroom, roomy kitchen and plush carpets.
Buyers are currently falling over themselves to live in a converted garage in Brixton measuring just 110 square feet, in yet more evidence of London housing market madness.
The flat, described by estate agents Kinleigh, Folkyard & Hayward (KFH) as “a converted garage that is just about big enough to fit a single bed in”, went on the market two weeks ago for £125,000.
Several buyers clambered to see it, however it is unlikely they would be able to secure a mortgage for it due to its size, a cash buyer’s offer of £85,000 was also declined.
A joint report produced by the Electrical Safety Council and housing charity Shelter suggests that a third of rental properties fail to meet basic electrical safety standards.
The two organisations have joined forces to call for a change in the law to compel landlords to carry out regular checks similar to what is already in place to protect tenants against faulty or dangerous gas appliances.
The average void period experienced by UK landlords is now down to 2.7 weeks, according to the latest survey from specialist lender Paragon Mortgages.
High tenant demand has been credited with bringing the average void level down to the level it was in 2012 by keeping the time a rental property is empty between tenancies low.
2009 and 2010 saw a sharp increase with the average void period spiking at 3.5 weeks in the second quarter of 2010.
The illegal subletting of rental properties is on the increase, according to a firm of high court enforcement officers.
The Sherriffs Office warns that an increasing number of tenants are finding their rental agreement is null and void while genuine landlords are completely unaware that their property is being sublet room by room.
Located in one of London’s most desirable areas, this home appears to have everything a first-time buyer might want, it’s bright, clean and modern, and what’s more it’s on the market for just £125,000.
It is less than half a mile away from Fulham Broadway Tube, close to the swanky restaurants of the Fulham Road and sits in an area where the average house price is more than £700,000.
So, what’s the catch? Well, it’s tiny, not just small, tiny. Read more…