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It’s been another very busy month for Hannells. With the first issue of our residential property magazine, delivered free of charge to 50,000 local homes, being incredibly well received we’ve also taken ownership of our Mickleover office and have more offices planned across Derby. More importantly, we’ve also been listing and selling a fantastic number of houses – so many in fact that for some branches we’ve achieved record sales, even more than back at the height of the last property boom in 2007!
As we draw closer to the Winter months, the market appears to be showing no signs of slowing down anytime soon with a healthy number of new properties still coming to the market and also achieving sales.
There has been a slight decrease in “newly available” properties coming to the market in Derby with 321 being listed over the last 14 days compared to 352 of the previous fortnight, a drop of just under 9%. There’s still plenty of choice though if you’re in the market for a new home.
Highlights include this charming two bedroom cottage in the much sought after market town of Melbourne:
And this stunning four bedroom detached family home set in the always popular village of Aston On Trent:
Although there was a slight drop in new listings, there was actually an increase of 17% in the amount of properties that were lucky enough to come to market and achieve a sale in the first two weeks of marketing.
With regards to the higher end of the market, there has been a drop again in terms of new properties becoming available. 17% down on the previous fortnight, there was 182 properties newly available from across Derbyshire with an asking price of at least £300,000.
Included in those was this stunning four bedroom executive detached home on the Royal Glen Park (which also sits within the highly regarded Chellaston Academy catchment area):
And this wonderful five bedroom residence complete with an attractive “Paula Rosa” fitted breakfast kitchen, also located on Royal Glen Park:
Although there was a drop in new listings, the higher end of the market also saw an increase in the amount of properties that were able to locate a buyer in the first 14 days of marketing. The last fortnight saw 17 properties priced £300,000 and upwards achieve a sale, a massive increase on the previous fortnight’s figure of 8.
With regards to property related news, there are still plenty of positive messages that activity within the housing market is still on the increase and will continue to do so for the foreseeable future. New home builders looking to take advantage of the current market conditions have been stifled due to a shortage of bricks. However, according to www.insidehousing.co.uk, this has led to the UK timber frame market being forecast to be the fastest growing sector of the industry over the next five years as “developers increasingly seek cost effective and flexible routes to shorter build programmes and reduced carbon outputs”.
It was also reported that failed home sales are costing up to £800 million a year according to www.yahoo.co.uk. A survey recently found that a fall through costs an average of £1,752 through “wasted surveys, mortgage and legal fees”. However, there are ways in which you can protect yourself from being left out of pocket.
Firstly, always use a reputable local solicitor. Here at Hannells we have the lowest rate of “fall-throughs” in Derbyshire. This is largely because we work closely with several excellent local solicitors that we can recommend and supply quotes for. That alone will go a long way to ensuring that the sale gets all the way through to completion.
Secondly, our in-house mortgage consultants are the first and only mortgage company that can offer an exclusive “Mover’s Protection”. It’s available to buyers and sellers and means that if your sale does fall through, you’ll get most, if not all, of the money back that you’ve spent on surveys, mortgage and legal fees – and it only costs £1! If you’re interested and would like to find out more, why not call into any one of our local branches and ask to speak to one of our friendly and helpful mortgage experts.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.