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Category Archives: News
One week after the EU Referendum, Relocation Agent Network surveyed a group of its members to see what trends they were experiencing in each of their local housing markets. The results found that – on the whole – trends were relatively unchanged.
When discussing the direct impact that the Referendum has had so far on the property market, over 90% stated that they had seen no housing transactions fall through as a direct consequence. 75% also noted that buyer enquiries have stayed the same since the result was announced.
When asked whether survey respondents thought residential sales prices will rise over the next 18 months, 83% indicated they will stay the same. Similarly, 75% indicated that transactions in the sales market for the same period, will also stay the same.
It would appear that survey respondents foresee a similar picture for the UK rental market. 66% reported that over the next 18 months, both rental rates and buy-to-let transactions will stay the same.
The survey also asked respondents how long they thought any uncertainty in the UK property market would last. More than 66% think it will be six months, with an additional quarter suggesting 12 months.
So far we have seen Brexit make very little impact on our local property market. Of course, the long term impact it will have is uncertain, but the summer months are traditionally a popular time to enter the housing market and 2016 is no different. If you have a property to sell, contact us today. We’re Relocation Agent Network’s appointed Local Expert for Wellingborough, Irthlingborough and Rushden which means we have access to out of town buyers moving into the area.
A recent survey amongst a network of estate agents across England, Scotland and Wales, suggests there is a divide between agents experiencing an impact from the upcoming referendum, and those that are not.
The survey – conducted by Relocation Agent Network – found that 53% of respondents indicated that in their opinion, the market trends they are experiencing may be attributed to the upcoming EU referendum.
Over a quarter (26%) indicated that the most significant market trend that can be attributed to the upcoming EU referendum was a decrease in buyers. 29% suggested it was a decrease in sellers.
Despite the upcoming vote, there is one thing that the majority of Relocation Agent Network members agree on; summer remains a good time to enter the market. Indeed 98% of survey respondents recommend that prospective buyers and sellers continue with their plans.
No one can predict the outcome of the upcoming EU referendum, but we do know that the summer months are always a busy time for the UK property market and this year is no different. Contact us today to see how the upcoming referendum may be impacting your local market and to discuss your options. As the area’s Local Expert, we’d love to help you move.
The Grace Baptist Trust Corporation has applied to convert Irthlingborough Baptish Church and an associated cottage in Meeting Lane in the town into housing.
wants to create five dwellings which will predominantly be two-bedroom terraced starter homes.
A significant portion of the site is currently a graveyard so if the plans are approved, the graveyard would be overhauled and the graves re-interred.
Documents submitted as part of the application state: “The existing dwelling will not be affected.
“The existing hard and soft landscaping to the front of the property will be overhauled.
“The graveyard will be overhauled and the graves re-interred to provide a larger communal area for all of the residents.
“Each dwelling will retain its own individual courtyard garden.
“It is intended that the church retains as much of the appearance and fabric as possible.
“There is currently no vehicular access to the site and therefore no parking, however the building currently benefits from user class D1 and could generate far more traffic and parking requirements than the proposed additional four dwellings.
“There is also a large free public car park just over one hundred metres from the site.”
For more details about the plans, which will be considered by East Northants Council, search for 16/00524/FUL on the planning pages of the council’s website at www.east-northamptonshire.gov.uk.
Source of article – Northants Evening Telegraph
Over the last couple of weeks the developers of Rushden Lakes, LXB have announced that an eleven screen cinema, pre-let to Cineworld and a bowling alley will follow a few months after the shopping complex opens in 2017.
Originally planning permission was granted for a garden centre but this has been replaced with the cinema, bowling alley, climbing structure and cycle hire centre.
Further big name retailers have also been announced to add the already signed up anchor stores of House of Fraser, Marks and Spencer, H&M and Primark. The latest stores to sign up are River Island, New Look, Schuh and Fat Face.
Further negotiations are understood to be on going to attract other high street names to the complex which will also have numerous restaurant facilities.
After 4 weeks of various selfie’s being submitted via our facebook page….we are pleased to announce that Cheryl Henson, from Higham Ferrers, was our winner! She was randomly selected from the entries we received. Here she is collecting her £100 John Lewis gift card from Richard Taylor, our director at the Rushden office. We also wanted to thank everyone for entering!
For many years now the former BP garage site on High Street South in Rushden has been left derelict. It has now been cleared, but you may be left wondering what is going to be built there?
As your local property expert we always think it’s important to let you know what is going where! Planning permission has been granted to build 9 two bedroom apartments with associated parking. The planning reference number is 15/01801/FUL.
The evening was held in honour of Jenny Starnes who passed away at the hospice. Her family wanted to say a big thank you and raise awareness for the wonderful work all the nurses do.
The evening was a tremendous success with an audience of more than 400 people. The show contained singing, dance and comedy magic with music from many West End shows. Members of the audience participated in “Dial a Diamond”; this where a call was made at random to a mobile phone and the person who answered won a sparkly item of jewellery.
Sue Bownass, Community Fundraiser said: “the Hospice is very quiet without Jen about! She was always chatting to someone and singing around the ward! I think if she could, she would have got up and done a little dance too! I had the privilege of working with Jenny many years ago and it was an honour to be asked to host Jenny’s Moments (my last event for the Hospice).
Yesterday we attended the hospice for the cheque presentation in the sum of £5,437.40. This morning this has increased to £5,505.40 after further donations.
All second home purchases or buy-to-let property purchases will be subject to a 3% surcharge on top of the standard Stamp Duty.
The original announcement in December created a frenzy and scramble from Buy-To- Let buyers to find and purchase a second home before the surcharge is applied. Under current legislation the Stamp Duty on a £200,000 second home purchase is £1,500 and from 1st April £7,500. The influx of buyers from December to the end of February has led to a shortage of available property stock and consequently an increase in prices.
The property industry now waits for the fall out; will rents be increased to fund the surcharge, will prices re-adjust once more stock comes back to the market or will some landlords opt to sell up and leave the rental market, particularly with higher taxes for landlords being imposed next year.
The Chancellor has said the additional receipts from this will help to fund people getting onto the property ladder in the South West.
My mother-in law spent the last weeks of her life in the hospice and received exception care so my wife vowed to raise funds to enable the same level of care to be offered to future patients.
This Saturday, 19th March 2016, we are sponsoring a Musical Variety Night called “Jenny’s Moments”, organised and Directed by my wife Lora. The show includes song, dance and magic performed by many accomplished entertainers who belong to local theatre and drama groups. Songs from Mama Mia, Sound of Music, Oliver, Miss Saigon and Les Miserables are included.
The evening is expected to be an upbeat occasion with something for every age group and as of today more than 400 tickets have been sold. It is hoped that a figure between £3,000 and £4,000 will be raised for the hospice.
If you wish to buy a ticket please contact our Wellingborough office on 01933 224400 or donations are welcome at www.justgiving.com/jenny-moments
Throughout the month of March, we are offering you the chance to win £100 in John Lewis vouchers!
All you have to do is:
1) Take a selfie with any of our boards or offices (Our offices are located in Wellingborough, Rushden and Irthlingborough)
2) Like our page on Facebook
3) Send us your best Richard James selfie via Facebook
4) All qualifying entries will enter in to a random prize draw. One winner will be selected.
Only one entry is allowed per person. The winner will be announced in early April. The deadline for entries is Thursday March 31st.
You can find our facebook page at: www.facebook.com/richardjamesestateagents
Please see the link below for more info: