Leicester Property Blog: Recent Episodes
Leicester Property Market Blog by Luke St Clair
Author of the Leicester Property Blog providing insights to Leicester & Leicestershire Homeowners and Landlords for the Leicester Property Market.
35% drop in the number of properties for sale in Leicester in the last 12 months.
1,532 Leicester homes have sold (stc) in the last three months alone, taking the time from the ‘for sale board’ going up to sale agreed to a median of 30 days.
The £200k to £300k price range in Leicester is the most active, where it only takes 26 days to sale agreed, but under £100k is taking 50 days.
Yet, what issues cause the people of Leicester to want to move home and what can Leicester people, who want to move in 2022, do to ensure they sell and find the home of their dreams?
There are 1,299 properties for sale today in Leicester; roll the clock back exactly a year, and the figure was 1,995 – there’s been a drop of 35%. This drop is being dubbed ‘for sale board crunch’.
The energy bills of every Leicester resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity.
So, what can Leicester residents do to reduce their energy consumption and ultimately save money?
First, let's look at the scale of the costs...
Property values in Leicester are set at 5.9% higher today compared to a year ago. We look at the year and what has happened to Leicester house values...
With the banks reducing the number of low deposit mortgages (i.e. a deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Leicester first-time buyers has been decreasing quickly, meaning many of those would-be Leicester buyers wanting to make the first step on the Leicester property ladder will stay in the Leicester rental sector.
First-time landlords often make the rookie mistake of underestimating the amount of paperwork involved in letting a property.
Many assume that once the ink dries on a tenancy agreement, they’ve got the paperwork sorted – but nothing could be further from the truth...
We look at the pros and cons of letting a property to a tenant with a pet.
Should tenants be allowed to keep pets in rental properties? It’s a thorny subject that is back in the spotlight after an MP called for landlords to be more flexible on the issue...
The eyes of the sporting world will be on Japan over the next seven weeks as the 2019 Rugby World Cup takes place.
The tournament will be an opportunity for the land of the rising sun to showcase its people, culture and hospitality.
And even if you’re not a fan of large men chasing an oval ball the Japanese have something called kaizen which might interest you...
Do you have a property vision for 2020?
We look at how you can give yourself the best possible chance to move into a new home in time for the new year...
If you have any questions feel free to get in touch on 07917 899 495.
Most homes in Leicester have at least one piece of IKEA furniture.
It could be a Billy bookcase, Lack table or Poang armchair – those three being the Swedish flat-pack giant’s bestselling items.
But IKEA is looking beyond helping you furnish your home with their products...
If you have any questions, please do not hesitate to contact me on 07917 899 495.
we look at ways you can keep your home and family safe as the weather turns colder.
If you would like more information please do not hesitate to contact me on 07917 899 495.
With over 150 pieces of legislation potentially aeffecting Landlords and the Private rented Sector, our seventh Landlord & Investor Evening that was attended by over 100 local Leicester Landlords & Investors.
Held at College Court Conference Centre, Knighton, LE2 3UF we provided FREE advice and in-depth advice from our Lettings experts.
On the evening with had detailed talks from
Colin Smithson-Connelly - Energy Performance Certificates and MEES Allan Ross - Buying & Selling at Auction Luke St Clair - Latest Legislation Update Affecting Leicester Landlords Glen Reader - Investment Property Opportunities
For further information please contact me on 07917 899 495.
Has England’s green and pleasant land all of a sudden become England’s green and overcrowded land?
With the nation’s ever-increasing population and the double whammy that people are now living longer, this means as each year goes by, there is an ever-growing strain on public services and in particular my favourite topic – housing. It’s no wonder some people are saying things are at crisis point when it comes to infrastructure (like roads, schooling etc) and in particular housing. I hear it all the time, people complaining that Leicester looks like a building site and, we are packing people in like sardines into our Leicester homes. Yet I wanted to find out exactly what the truth was.
Want to know more?
If you would like more information about buying, selling, letting a home in Leicester and Leicestershire, please feel free to drop me a line @ luke.stclair@knightsbridge-estates.co.uk or call me 07917 899 495.
The Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the LE5 postcode area, and I have been able to find out the biggest streets in the Leicester (LE5) postcode area.
Want to know more?
If you would like more information about buying, selling, letting a home in Leicester and Leicestershire, please feel free to drop me a line @ luke.stclair@knightsbridge-estates.co.uk or call me 07917 899 495.
The Government’s Annual Housing Survey is 50 years old this year. It has taken a snap shot of the UK’s property market every year since 1969 and in the recently published report for 2018, it wasn’t a surprise that owner occupation is still the most predominant tenure, yet now more people own their home without a mortgage rather than having a mortgage as the number people buying their first home (obviously with a mortgage) has declined since the Millennium. The report also shows homeowners (mortgaged and owned outright) are, on average, older than renters and between the homeowners themselves, those who are mortgage free are older than those with a mortgage.
Want to know more?
If you would like more information about buying, selling, letting a home in Leicester and Leicestershire, please feel free to drop me a line @ luke.stclair@knightsbridge-estates.co.uk or call me 07917 899 495.
In this week’s article, I talk about the recent Government permanent relaxation of the planning permission regulations with regard to extensions and how it could affect the Leicester property market. I also talk about how office blocks and shops are being converted into homes and the possible effect on landlords and homeowners in Leicester.
Want to know more?
If you would like more information about buying, selling, letting a home in Leicester and Leicestershire, please feel free to drop me a line @ luke.stclair@knightsbridge-estates.co.uk or call me 07917 899 495.
You are invited to attend our Landlords and Investors Evening on Thursday 21st March from 6 pm at College Court Conference Centre, Knighton, LE2 3UF – whether you are a seasoned landlord or considering investing in property for the first time, why not pop along for some FREE advice and have an informal chat with our experts…
We are providing the entire content of our Landlords and Investors Evening to help local Landlords & Investors manage their properties inline with the current and new legislation.
Speakers on the evening were:
Colin Smithson-Connelly - Latest EPC Regulations
Tejinder Gawera - Tax Advisor and Account providing an insight into Tax Legislation for Landlords
Glen Reader - House of Multiple Occupation and Overseas Investment
Luke St Clair - Legislation Update on all the new key changes to Landlord & Tenant Legislation.
For further information contact the Clarendon Park Office on 0116 274 5544.
We recently visited Avenue Primary School and got a chance to meet with the head teacher Mrs Kandola to gain an insight into what it is like being a school head teacher, as well as being involved in the local community and also what is going on at Avenue Primary School.
In our countdown to highlight the Top 20 Streets in the Wigston Area we arrive at Number 10 in our countdown which is Cottage, Wigston.
We are at No. 8 in our Top 20 Streets in Oadby - The Spinney
Where will your Street feature in the Top 20?
We recently visited Simon Fairey, the owner of Christopher James Deli on Queens Road in Clarendon Park to gain an insight on what it is like to be a local business owner and involved in the Clarendon Park community.
Simon has a fantastic Deli offering a wide range of tempting food items.
Be sure to pop along to give the Deli a try, you will not be disappointed!
In our countdown to highlight the Top 20 Streets in the Wigston Area we arrive at Number 11 in our countdown which is Long Meadow, Wigston.
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 14 in our countdown which is Ratcliffe Road.
We are at No. 9 in our Top 20 Streets in Oadby - The Fairway
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 Streets in the Wigston Area we arrive at Number 12 in our countdown which is Arndale, Wigston
We are at No. 10 in our Top 20 Streets in Oadby - Quickthorns
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 15 in our countdown which is Woodland Avenue.
In our countdown to highlight the Top 20 Streets in Wigston Area we arrive at Number 13 in our countdown which is Main Street, Kilby
We look at what is likely to happen to Leicester Rents in Next 5 Years...
More insights available at the Leicester Property Blog on what is happening in the Leicester Property Market.
We are at No. 11 in our Top 20 Streets in Oadby - The Avenue
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 16 in our countdown which is Southernhay Road.
From 1st April, all new rental leases and renewals of tenancies will be required to have an energy performance rating of at least E on an Energy Performance Certificate (EPC). For existing tenancies, the regulations come into force on 1st April 2020.
We look at the PREMIUM paid by tenants for a more energy efficient home.
In our countdown to highlight the Top 20 Streets in Wigston we arrive at Number 13 in our countdown which is Wensleydale Road.
We are at No. 12 in our Top 20 Streets in Oadby - Cranborne Gardens
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 17 in our countdown which is Link Road
Located just behind the main shopping parade within Oadby and just by the Shoppers Car Park is Zeph's Cafe, the Chatty Cafe and Oadby Food Bank.
We chat with Jim about what it is like to be involved in the local Oadby Community and what makes it so great!
Find out more about Zeph's, the Chatty Cafe and the Oadby Food Bank.
In our countdown to highlight the Top 20 Streets in Wigston we arrive at Number 15 in our countdown which is Reynolds Chase,
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 18 in our countdown which is Eynsford Close.
We are at No. 13 in our Top 20 Streets in Oadby - Dogwood Court
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 Streets in Wigston we arrive at Number 16 in our countdown which is Glaisdale Road.
We are at No. 14 in our Top 20 Streets in Oadby - Meadowcourt Road
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 19 in our countdown which is Freemantle Road.
In our countdown to highlight the Top 20 most expensive Streets in Clarendon Park, The Knighton's & Stoneygate we arrive at Number 20 in our countdown which is St Johns Road
In our countdown to highlight the Top 20 Streets in Wigston we arrive at Number 17 in our countdown which is Granville Road.
Listen to get insights into the Wigston Property Market and the values of properties along Granville Road and why it makes our Top 20 (Most Expensive) Streets in the Wigston Area.
We are at No. 15 in our Top 20 Streets in Oadby - The Broadway
Where will your Street feature in the Top 20?
Listen to get insights on local homeowner trends and news.
We are at No. 16 in our Top 20 Streets in Oadby - Southmeads Close
Where will your Street feature in the Top 20?
In our countdown to highlight the Top 20 Streets in Wigston we arrive at Number 18 in our countdown which is Canvey Close.
In our countdown to highlight the Top 20 Streets in Wigston we arrive at Number 19 in our countdown which is The Tofts.
We are at No. 17 in our Top 20 Streets in Oadby - Manor Close.
Where will your Street feature in the Top 20?
We are counting down the Top 20 Streets in Wigston, starting at No 20 where today we are at Portloc Drive. Listen to gain insights in the local Wigston Property Market.
Where will your Street feature?
In our countdown to highlight the Top 20 Streets in Oadby we arrive at Number 19 in our countdown which is Pine Tree Close.
In our countdown to highlight the Top 20 Streets in Oadby we arrive at Number 20 in our countdown which is The Oval.
Providing an insight on average values and what it is like to live at The Oval.
We discuss with Colin, a local Domestic Energy Assessor how LEICESTER homeowners, landlords, tenants & buyers can IMPROVE the efficiency and SAVE £'s on their utility bills.
Fleckney Homeowners, Landlords, Buyers & Tenants...
With an Outstanding Ofsted Rated Primary School, it's no wonder property prices have jumped since 2004!
Part of our interview with Jon Mickleborough, local RICS Surveyor who shares with me his 5 top tips to help maintain your property and prevent common issues that get picked up when a property has a survey...
Oadby - We recently got out and about in Oadby along The Parade and visited Chestnuts Coffee Shop, a fantastic local independent Coffee Shop Oadby along The Parade to find out more about the local Oadby business and why Oadby is such a popular town for people to move to and be a part of the local community.
Find out more in our podcast with the owner... Sue.
We explore the house prices since 2014 within 1/4 of a mile from Wigston Meadow Community Primary School and make a comparison to Leicester to see how much worse or better the Wigston housing market has performed...
We discuss the new changes to stamp duty that will affect up to 80% of the first time buyer market and plans to build up to 300,000 new homes a year by the middle of the next decade.
Confused about what all the house price reports mean for Leicester Homeowners, Buyers & Landlords? Today we discuss what the actual Leicester House Price Index is...
Today we have a guest, Ryan Ashmore from Knightsbridge Professional Lettings where we discuss a fantastic Wigston property offering a potential 6%+ YIELD, the upcoming Landlords & Investor Evening with Heat Map of where to buy your first / next investment property.
Are you maximising your portfolio, why not have a portfolio review to ensure it is working for you...
We look at Leicester's NEW 3-speed Property Market to understand what is going on with house prices...
Are you prepared with your Leicester Property for the EPC (Energy Performance Certificate) Changes?
We look at the costs of moving home in Leicester and how much extra money you would have to find buying the property outright and also how much extra per month on your mortgage.
What effect does Avenue Road School have on the local property market and those properties within a 1/4 mile of the school?
For further information Clarendon Park Office on 0116 274 5544.
We look at how property prices have performed in the Oadby area since 2006. The results are amazing....