Profile cover photo
Profile photo
CJ Hole Cheltenham Estate Agents and Letting Agents
8 followers -
Estate Agent & Letting Agent selling and letting property in the Cheltenham area
Estate Agent & Letting Agent selling and letting property in the Cheltenham area

8 followers
About
Posts

Post has attachment
Rapid growth in the Build to Rent sector continues unabated. Over 5,000 homes were completed in the last year, growing stock levels by 30%.

The latest research by Savills and the British Property Federation reveals that there are over 100,000 build to rent units either under construction or in the planning pipeline, 25% more than this time last year.

The split between London and the regions is starting to shift as momentum spreads across the country.

While London accounts for more completions than elsewhere, almost three fifths (21,551) of homes currently under construction are outside London.

https://www.cjhole.co.uk/property/to-rent?include-branch=cheltenham&include-sold=rent

#rent #cheltenham
Photo
Add a comment...

Post has attachment
The new school year is underway for over 10 million children across England and Wales and school catchments rate highly for many choosing a home. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school?

An analysis of property sales across England and Wales (excluding London) over the last year reveals a 10% price premium associated to homes close to an outstanding primary school and 17% price premium associated to an outstanding secondary school.

Properties located within one mile of an outstanding primary school sold for, on average, £22,686 more than properties within one mile of other schools, the price premium for secondary schools was £37,558.

Detached houses attract the largest price premium, with buyers here having to find an extra £90,000+ to live within one mile of an outstanding school.

https://www.cjhole.co.uk/property/for-sale?include-branch=cheltenham&include-sold=buy

#school #property #cheltenham
Photo
Add a comment...

Post has attachment
The Summer of 2018 has certainly been memorable. England has enjoyed it's strongest performance at the World Cup for many years while also enjoying (suffering) its longest, hottest summer on record.

While Brits have been off enjoying the weather, thoughts of property purchases have taken a back seat for many.
However, as we return to work after the long, hot summer, history suggests that agents may see a busy autumn.

On average in the autumn following the last five driest, sunniest and warmest summers; 1995, 1996, 2003, 2006 and 2013, sales rates picked up by an average of 1.8%.

However, in all other autumns since 1995, sales have declined by an average of 8.7% compared to the summer months.

https://www.cjhole.co.uk/property/for-sale?include-branch=cheltenham&include-sold=buy

#property #cheltenham
Photo
Add a comment...

Post has attachment
The 132nd Wimbledon Tournament is underway. Over the next two weeks, 790 players will take part in some 674 matches while a suite of new champions will be crowned.

At £34 million this year, the prize fund for Wimbledon has risen by 7.6% since 2017, virtually double the current annual rate of house price growth (3.9%). The winners of the singles Championships will both be presented with a cheque for £2.25 million.

If the players are looking to invest their winnings in residential property, the prize money will go a long way. All but 0.3% of all property sales over the last year have been over £2.25 million, while all but 1.4% of sales sold for the runners-up budget of £1,125,000.

As an aside, just eight Wimbledon championships have taken place without any rain interruption. Will the umbrellas be needed this Wimbledon fortnight?

http://www.cjhole.co.uk/property/for-sale?include-branch=cheltenham&include-sold=buy

#property #tennis #wimbledon
Photo
Add a comment...

Post has attachment
The Bank of Mum and Dad is set to aid over 316,000 house purchases this year, although at £5.7 billion the total value of their lending is set to be down 17% on 2017 according to new research by Legal and General and CEBR.

Over 70% of parents use cash savings, their average contribution set to be £18,000 this year. However, the Bank of Mum and Dad is feeling the squeeze, this is 12% lower than their average contribution in 2017.

While 59% of those under 35 receive financial support from family and friends, the state of the current housing market is seeing support offered across the age spectrum. Two in five purchases aged 35–44, and one in four aged 45–54 benefit from help.

Unsurprisingly the percentage of purchasers receiving help (41%) and the average contribution received (£30,600) is highest across London. However, even in northern regions where average prices are lower, the Bank of Mum and Dad can be expected to contribute a not insignificant £12,000.

http://www.cjhole.co.uk/property/for-sale?include-branch=cheltenham&include-sold=buy

#property #finance #housing
Photo
Add a comment...

Post has attachment
Properties purchased with cash accounted for over third (34.3%) of all transactions across England and Wales in the first half of 2017. There were over 133,500 cash transactions between January and June according to data released by the Office for National Statistics.

The highest proportion was in the South West where two in every five sales was a cash purchase. In London, the figure was just one in four, unsurprising as average property prices here are over twice the England and Wales average.

The proportion of cash transactions has remained fairly consistent over the past five years, with an average of around 33% since 2012. Levels last peaked in Q1 2016 (34.7%) as investors rushed to buy before the 3% additional stamp duty charge. The figure for Q2 2017 is higher still at 36.7% - it is too soon to say whether this heralds a trend.

The average price paid for a cash purchase is 9% lower than with a mortgage. There could be several explanations for this. The typical cash buyer could be an investor or a down-sizer. Investors tend to buy smaller properties and downsizers, trade larger for smaller homes to release equity.

http://www.cjhole.co.uk/property/for-sale?include-branch=cheltenham&include-sold=buy

#property #cheltenham #investment
Photo
Add a comment...

Post has attachment
There are people who feel strongly about whether their home address is on a Road, Street, Crescent or Square and developers often assume that one will attract a higher price than another. To test the theory, we explored 2017 sales data to see whether we could identify any correlation between suffix and price.

The average price of a property sold on a "Road" to date in 2017 is £301,950, however there are premium purchase properties elsewhere. To purchase on a “Park” expect to pay a 9% premium while to purchase on a “Place”, “Hill”, or “Garden” could add thousands to your purchase price. Owning a property with no street address at all, added £10,000 to one on a “Road”. At the top end of the budget, just 0.5% of all properties sold this year have been on a “Square”, where the average price is £462,895, a stunning 53% more expensive than a “Road”. But “Road” has kerb appeal for more buyers than any other address, accounting for a substantial 30.7% of all sales this year.

http://www.cjhole.co.uk/estate-agents-and-letting-agents/branch/cheltenham

#property #cheltenham
Photo
Add a comment...

Post has attachment
Research by the Resolution Foundation think tank has found that young people are spending three times more on housing than their grandparents did.

At the age of 30 millennials spend 23% of their annual income on housing costs, compared to those born 1926–1945 who, aged 30, spent just 7%.

The post-war baby boomers now benefit from record levels of outright ownership, but there are now as many young families (aged 25–34) living in the private rented sector as owning a home or living in the social rented sector combined (36%).

While the number of mortgage loans issued to first-time buyers over the past year is at its highest level since pre the financial crisis, the average age of a first time buyer looks set to continue to rise over the coming years.

http://www.cjhole.co.uk/estate-agents-and-letting-agents/branch/cheltenham/properties

#property #economy #cheltenham
Photo
Add a comment...

Post has attachment
22nd September marks the first day of autumn. As the weather starts to chill and the landscape takes on a rustic hue, many homebuyers are still actively searching for properties, looking to move into their new homes before Christmas. In 2016, 28% of all property sales occurred during the autumn months.

Of all the seasons, it seems that autumn proves the most lucrative when it comes to property names. Homes bought this year which have included autumn in their name, have sold for more than double those which included summer.

There have been four autumn house’s sold so far this year, the most expensive selling for almost £3 million in Taplow, near Maidenhead. It’s counterpart in Rawdon, West Yorkshire sold for well over half a million.

Meanwhile, seven Autumn Cottages have also been bought this year, ranging from £163,500 in Norfolk to £640,000 in Tring, Buckinghamshire.

http://www.cjhole.co.uk/estate-agents-and-letting-agents/branch/cheltenham/properties

#property #cheltenham
Photo
Add a comment...

Post has attachment
As the new school year gets underway, we revisit the well-oiled notion that schools are an instrumental driver of local house prices. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school?

An analysis of property sales across England (excluding London) since the beginning of 2017 reveals a 20% price premium associated to homes close to outstanding schools.

Properties located within one mile of an outstanding secondary school sold for, on average, £47,000 more than properties within one mile of other schools.

The highest premiums were for detached houses where buyers had to find an extra £88,000 to live within one mile of an outstanding school.

http://www.cjhole.co.uk/estate-agents-and-letting-agents/branch/cheltenham/properties

#property #cheltenham #school
Photo
Add a comment...
Wait while more posts are being loaded