New HMO Regulations from 1st October 2018

 From 1 October 2018, significant changes are being made to which HMOs are licensable and minimum room sizes in HMOs in England. Changes to mandatory licensing Currently, a property requires a mandatory licence if all of the following apply: the property is a House in Multiple Occupation (HMO) (occupied by individuals who are not […]

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Interest Rates Up! What now for Derby Property?

The current average value of a property in Derby currently stands at £199,300 so what will the recent increase in the base rates to 0.75% from 0.5% do to the local property market? In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 […]

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It’s all Over for the Private Rental Sector…

I want to share with you a telephone conversation that I recently had with a landlord who has a portfolio of five properties; three in Derby City centre and two in the surrounding suburbs. He wasn’t a landlord for whom we provide a management service, however, he had used us in the past to find […]

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Derby and Burton Need an Additional 10000 Rental Properties by 2027…

I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results.  According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000 […]

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Son or Daughter versus Bricks and Mortar…

A strange title I know… however, this article highlights the massive problem for future generations in their ability to get onto the housing ladder. More than 13 babies have been born for every new home that has been built in Derby since 2012, thus deepening the Derby housing shortage. This discovery is an important foundation […]

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What does GDPR mean for Self Manage Landlords?

General Data Protection Regulation (GDPR) is now here! GDPR has been introduced essentially to deal with the notoriously poorer uses of individuals personal data by companies such as Facebook, Amazon, Google etc. It certainly isn’t aimed at private landlords! However, this doesn’t mean that landlords get off lightly.. the legislation means that landlords must process […]

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Derby Landlords Planning to Grow Buy-to-Let Portfolio’s

According to The Association of Residential Letting Agents there are a record number of landlords quitting the lettings market. “The barrage of legislative changes landlords have faced over the past few years, combined with political uncertainty has meant the BTL market is becoming increasingly unattractive to investors” claims David Cox, ARLA Propertymark chief executive. However, […]

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Extra Funding Is Required for Affordable Homes in Derby

In my blog about the Derby Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ […]

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Burton Asking Prices up 5% in the Last 12 Months..

The average asking price of property in Burton increased by 5% or £9,498 compared to a year ago, with particularly good demand from landlords and home-movers in the first few months of the year. This takes the current average asking price to £200,444, compared with £190,946 this time last year. The rise in asking prices […]

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£78,000 Spent on Rent Before the Age of 35

‘Millennials’ were born between the mid 1980’s and late 1990’s thus making them between the age of around 22 to late 30’s. They are the imaginative, artistic youngsters who grew up with the newest tech and computers and who are huge aficionados of music festivals, gourmet pizzas, emoji’s, selfies and old school nostalgia. Also known […]

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