Bricklane has completed the acquisition of a portfolio of residential assets worth more than £13.6m from the British Residential Unit Trust (BRUT). The portfolio comprises of 74 residential rental properties in Manchester and Birmingham. Simon Heawood, chief executive and co-founder of Bricklane, said: “We are actively looking to buy portfolios that fit our strategic criteria […]
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Some 89% of lots were sold at Auction House London on 12 February 2020, its first sale of 2020. One notable sale was a severely fire damaged three-bedroom semi in Tooting, which started with a guide of £375,000 and sold for £647,000. The property in south west London is close to the Tooting Bec underground […]
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Homebuyers in Cardiff can plan their ideal home layout before they buy, with new interactive software from Barratt Homes. The housebuilder has launched the new ‘Doll’s House’ imagery for its Kingsville three story townhouse at Maes Y Deri in Cardiff, so buyers can ‘try before they buy’. The interactive visual will mean potential buyers can […]
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Over half (54%) of renters have concerns about being unable to pay their rent due to financial difficulty, research from Intus Lettings has found. The average rent contribution per month is £530, while half of tenants don’t believe their rental property is good value for money. Hope McKendrick, head of lettings at Intus, said: “These […]
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Homeowners looking to convert their loft should expect to add an average of £11,020 to the price of their home, Halifax research found. This is despite the cost of converting the loft being around £22,200. Going green with a living roof – where vegetation or plants are added to the roof of a property – […]
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More tenants are seeking housing but supply fell to its lowest level in seven months in January, ARLA Propertymark’s January PRS report has found. Demand for rental accommodation reached a record high of 88 per member branch last month, up from 56 in December 2019. David Cox, chief executive of ARLA Propertymark, said: “This month’s […]
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Savings schemes, Help to Buy replacements and Stamp Duty should all be looked at by the government ahead of the Budget on 11 March 2020, according to the Intermediary Mortgage Lenders Association. IMLA said first-time buyers have to find large deposits of 20-25% due to tighter affordability criteria and stress testing rules, which means ‘more […]
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Nearly half (44%) of British homeowners would not buy their home again if given the chance, research from home interior company www.Hillarys.co.uk found. This is typically due to issues with the house like heating and plumbing (59%), as well as the size of the house (43%) and having troublesome neighbours (34%). Less common reasons are […]
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Properties in Prime Central London are coming onto the market at twice the rate as other areas of London, as owners look to take advantage of the sharp uplift in the property market, Chestertons, one of central London’s largest agents, has revealed. January figures show that the number of new properties coming onto the market […]
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Last year saw the most commercial property transactions in Scotland for a decade, at 4,667, analysis from the Scottish Property Federation has found. At £3.37bn, the value of commercial property sales in 2019 also hit its highest annual total since 2015. David Melhuish, director of the Scottish Property Federation, said: “We’re pleased to see the […]
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