An extension could add £91,850 to the value of your Stotfold home

As our families grow bigger the need for more space, be that bedrooms or reception rooms, has grown with it. Also, as our older generation lives longer and nursing home bills continue to rise quicker than a rocket on the 5th of November  (the average nursing home bill in the area being £760 per week)…

Stotfold Private Rents Hit £19.87 per sq. foot

As I am sure you are aware, one the best things about my job as an agent is helping Stotfold landlords with their strategic portfolio management. Gone are the days of making money by buying any old Stotfold property to rent out or sell on. Nowadays, property investment is both an art and science. The…

My thoughts on the future of the Stotfold Buy-To-Let Market

I was recently reading a report by the Home website which suggested that hordes of landlords are selling their buy-to-let investments due to increasing burdens on them in the buy-to-let market. The findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a…

Merry Christmas! Here’s to a great 2018 in Stotfold!

I would like to wish you and all your families / friends a very Merry Christmas!  I hope you have all had a great year and look forward to talking to you about the Stotfold property market and working with you in 2018!

Stotfold house prices outstrip wage growth by 18.91% since 2007

I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the…

Decreasing Numbers of Younger Homeowners in Stotfold

  Justin Mitchell, 37-year-old father of two from Stotfold, was out house hunting. It was a pleasant August Saturday afternoon, and our man cycles along on his bike. He cycles up a street of suburban semis, where he spots a few retired mature neighbours, chatting to each other over the garden fence. He leans his…

11.98% Drop in Stotfold People Moving Home in the Last 10 Years

I was having a lazy Saturday morning, reading through the newspapers at my favourite coffee shop in Letchworth.  I find the most interesting bits are their commentaries on the British Housing Market.  Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of…

Stotfold’s interest only ticking time-bomb?

According to my research, of the 3,978 properties in Stotfold, 1,906 of those properties have mortgages on them.  90.25% of those mortgaged properties are made up of owner-occupiers and the rest are buy to let landlords (with a mortgage). However, this is the concerning part, 412 of those Stotfold mortgages are interest only. My research…

Holidays!

I’m off on holidays from Monday for a couple of weeks – hoping to need to use these in some UK sunshine! Normal service will be resumed from mid-August. In the meantime if you would like any information about the Stotfold property market and lettings in general or need some advice, please call us on…