Our monthly property report

Our monthly property report




What is fueling the ongoing house price growth?

 

House prices nationwide are continuing to rise at rapid rates, and although there is a low supply of stock, there was a slight increase in new homes coming to the market in June. This is good news for our future buyers. * 

Latest statistics show that the number of houses available on the market is down 11% year-on-year and this scarcity stretches across all regions in the UK. Interestingly, the most significant falls in stock were recorded in the North East and London, with supply falling by 19% and 18.7% respectively. * 

In line with this, rising prices are not being perceived as an issue by buyers as marketing times remain historically low, with properties being snapped up in no time at all. 

 

What’s happening in the rental market? 

Similarly to the sales sector, rents are also up year-on-year. In fact, the combination of huge demand and scarcity of homes on the market has led to an annual rise of 18.8% in average rents. * 

In London we’re seeing even higher rises in rents, with the average price now 27.6% higher than this time last year. * 

 

Have you got a property to sell or let? Find out its value today with a free, no-obligation valuation. 

 


 

 



Reduce your energy bills with these money-saving tips

 
The cost of living crisis has strained the budgets of most UK households, largely due to an alarming increase in energy prices. If your home isn’t energy efficient, it’s likely your bills have given you cause for concern in the past months.
 
Autumn and winter are fast approaching. So, whether you intend to stay put or move soon, the cost-cutting solutions below could be worth their weight in gold.
 
Knowledge is power
 
Energy bills can be confusing, so it’s worth ringing your provider to discuss anything unexpected, check the tariff you’re on, and go through your payment options. You may also be able to set up email reminders to prompt you to submit regular meter readings to avoid being charged for what you haven’t used.
 
Check your entitlement to financial help
 
The Warm Home Discount Scheme and Winter Fuel Payment can help pensioners and those on a low income pay their fuel bills. You can also claim tax relief if your job requires you to work from home, because you live far away from your office, or your employer doesn’t have one.
 
You also qualify for a 25% council tax discount if you’re the only adult living in your home. As well as this, certain households can apply for insulation, and heat pump grants, or funding for improvements under the Energy Company Obligation scheme.
 
Prevent heat leakages
 
An easy way to save money is by sealing any draughty spots around windows and doors. Think about installing double glazing and blocking up unused chimneys and vents. Increasing the insulation in the walls and loft will prevent heat from escaping too.
 
Avoid energy vampires
 
According to British Gas, leaving your devices plugged in unnecessarily and forgetting to switch off sockets when not in use can cost almost £150 a year. Consider installing heating controls and smart plugs to help you manage your usage at the touch of a button. Inefficient bulbs can also burn through your budget – so choose low-energy LEDs.
 
Check your boiler and radiators
 
Bleeding your radiators and installing thermostatic valves can prevent cold spots and air pockets, increasing the efficiency of your heating system. Likewise, if your boiler is running at too high a temperature or the pressure is off, you could be losing money. If in doubt, invite an expert to check your boiler’s settings and keep it regularly serviced.
 
If you’d like to know how improving your home's energy efficiency could increase its value, contact us today.
 
 



You could increase your home’s value by 16%

Simply improving your property’s EPC rating could be the way forward. This is because many buyers are starting to focus their search on greener, energy-efficient homes.
 
This new buying trend may partly be the result of the government’s push to meet the UK’s target of becoming Net Zero by 2050. To achieve this worthy goal, most residential properties would need to reach an energy rating of C or above by 2035.
 
In the future, buying a low-rated home could mean having to accept tougher mortgage rates, which, combined with rising fuel costs, makes this prospect less desirable.
 
Therefore, it’s not surprising that savvy buyers are keeping an eye out for features such as air source heat pumps, PV solar panels, mechanical ventilation with heat recovery, and EV chargers, to name a few.
 
Properties for sale that are costly to run, or less environmentally friendly could see more buyers attempting to chip away at the asking price to factor in improvements they’ll eventually want to make. Likewise, eco-homes are starting to benefit from the ‘green price premium’.
 
If you’d like to learn more about how investing in energy efficiency measures could affect the value of your home, contact us. As your local property specialists, we're happy to help.
 
We’re also on hand to match buyers with greener properties – let us know your requirements today!
 
 
*According to a recent Rightmove analysis of over 200,000 homes.
 



110% increase in renters aged between 55-64

 
While rising house prices have led many younger people to rent for longer before buying their first home, tenants aged over 35 are the fastest growing group.*
 
In the decade between 2011 and 2021, the number of households privately rented to those between 45 and 54 years old increased by 50%, while renters aged 65 plus rose by 38%. However, the biggest hike was seen in those aged between 55 and 64 (110%).
 
But, what’s driving this changing attitude towards homeownership in the older demographic? While owning property comes with perks such as security, the increasing state pension age and rising bills have encouraged many homeowners to free up equity to enjoy a better standard of living during their golden years.
 
Those wishing to move into a retirement community, may also benefit from assured tenancies, which partly replace the security of owning a home. This is because as long as these tenants stick to the terms, they can normally stay for life.
 
Those who’d like to enjoy communal gardens and facilities, without the upkeep, or who can no longer cope with maintaining or running their current property, may also be attracted to this type of lifestyle.
 
A strong rental sector is good news for landlords. If you’re interested in assessing the value of your rental, or would like it fully managed on your behalf, we can help.
 
Contact us today to book a lettings valuation, or discuss our property management packages.
 
 
*Data from Paragon Bank (England: 2011–22).
 



Which features do homes with high EPC ratings have?

 
Whether you’re planning to rent or sell your home, want to cut your bills or carbon footprint, your property’s Energy Performance Certificate (EPC) rating matters.
 
To clarify, an EPC measures the energy efficiency of a property on a scale of A-G, with A being the most efficient and G being the least. A-rated homes should have the lowest fuel bills and carbon emissions – a win for your bank balance and the environment.
 
Knowing the typical features greener properties command is helpful if you’re looking for a new home or wondering what improvements might boost your current score. A recent overview of high-rated homes listed for sale on a popular property portal, found many shared these attributes:
 
• Triple-glazed or laminated glass windows
• Aluminium windows (for thermal insulation)
• Air source heat pumps
• Carbon negative construction techniques
• PV solar panels for generating free electricity
• Mechanical Ventilation with Heat Recovery (MVHR) systems
• HeatStream water tanks
• Underfloor heating
• Ample insulation throughout
 
Whatever your starting point, we can advise you on improving your property’s EPC rating before renting or selling. We can also help buyers find an energy-efficient new home.
 
Contact us today to learn more.
 
 



Christmas wheel of light

Enjoy a bird’s eye view of Leicester’s Christmas lights from the 110-ft Ferris wheel. Tickets can be purchased from the ticket booth on site. A ride is approximately 8 to 10 minutes. There are 24 covered gondolas, each seating 6 people. Wheelchair access is...


Click here to read Christmas wheel of light.



Merry Christmas from all at Fox Country Properties

Merry Christmas from all at Fox Country Properties
 

We would like to wish all our clients past and present a very happy Christmas and successful New Year. Our offices will be closing on Thursday 22nd December and re-opening on Tuesday 3rd January but we are contactable by email.

 

2022 has been another positive year with some notable sales. Highlights have included the sale of The Old Rectory at Seckington and in the last week Church road in Kibworth and The Lake House near Market Bosworth.  The Lake House was marketed on a “Low Profile basis” along with several other over the year. It is an alternative way of selling and will undoubtedly be a feature of the market going forward.

 

 

 

Sales are now taking a lot longer to complete for a multitude of reasons. Underwriters are still working from home along with many civil servants.  In some cases there is poor quality conveyancing  and our many years experience have been invaluable in getting sales successfully over the line to completion.

 

The market will become increasingly tough in 2023 and it is more important than ever to have a mature experienced Agent on your side. It really can be the deciding factor as to whether a sale completes or not.

 

We are grateful to all our staff for their support and hard work over the years. We are very proud to that several of the team have been with us for over 20 years. We will be very sorry to say goodbye to Diane Rushton who will be retiring at Christmas and would like to thank her for her dedication and hard work. We are looking forward to working closely with Sheldon Bosely Knight who have acquired the lettings side of our business over the coming years.

 

We have some really exciting properties and developments to launch in 2023, so stay tuned. Have a wonderful Christmas and we hope you all enjoy a very healthy happy and prosperous 2023.

 

Have a great Christmas

 

Anthony and Angela Fox



Top interior design trends for 2023 

 

Interior design is more than just dressing up a property to look nice, it’s all about making your house feel like home. Throughout 2022, we saw hundreds of iconic interior design trends filtering from celebrity quarters into our homes across the UK – from classic throwbacks to hypermodern and minimalist – we can look back on these trends to see what’s being left behind, and what we’ll be seeing a lot more of in the months to come.

 

Hideaway home offices and private spaces

From many of our learned behaviours since the pandemic, isolation and working from home are the two that have become integral to the way our homes look and function. Hideaway offices that are completely separate to the rest of the house offer a healthier work-life balance – a far cry from working at the kitchen table back in 2020.

 

Luxury monochromatic

For a sleek, minimalist aesthetic, monochromatic patterns and palettes will be an ongoing trend stretching far beyond 2023. This style is simply made for bathrooms and kitchens, offering a clean and modern look.

 

Arches

Arched doorways and windows have become big news in extensions and renovations, with gentle curves softening out the clean-cut edges that have proliferated for so long. Moving away from sharp corners and straight lines, softness has become very contemporary in recent years, with home designs seeing relaxed, stripped-back styles replacing the bold and edgy.

 

Wavy wood

Soft and curved wood is the modern interpretation of the humblest of materials, implementing a stylish, smooth spin on one of nature’s roughest textures. From curvy coffee tables to smooth seating areas, nature-inspired homes can swap out rustic textures for something sleeker and more refined with these materials.

 

Vintage furniture

Fast furniture might be on the way out, as the lack of longevity for these highly accessible pieces creates catastrophic waste. Those decorating their homes into 2023 come from a planet-conscious generation, and vintage furniture is the way to keep the cost down and find beautiful, high-quality furnishings without having to overspend.

 

Lavender

Lavender is making a lot of noise in the interior design scene, and for good reason. The balanced, soothing tones make it a versatile colour for decorating – whether it’s used as an accent or as a statement. The sweetness of the pink and coolness of the blue make for a happy medium that can be implemented into all areas of the home for a stunning pop of colour that doesn’t steal away the whole show.

 

Statement stone

From classic marble countertops to romantic rose quartz coasters, stone finishes are the perfect statement. These natural materials with their glossy surfaces and muted hues will be making a welcomed comeback into 2023.

 

Bringing back the 70’s

The 1970’s influence we’ve seen on fashion runways lately has clearly translated into the interior world, and it’s no surprise that the earth tones, biophilic design and low-slung furniture of this era will be coming back into our homes imminently – albeit with a modern twist. 

 

Wondering how much your home is worth? Find out by arranging a free valuation.

 



Make the most of your garden this winter

 

With the temperatures dropping and the nights looming longer, it’s understandable why most people abandon their gardens until spring rolls back around. This doesn’t need to be the case though, as there are plenty of ways to spruce up your outdoor space and squeeze some more enjoyment out of it during the winter months. There are plenty of benefits for doing so, and spending more time outdoors is integral to your health and happiness, especially when the dark nights approach so early. Here are some easy ways to give your garden a winter refresh:

 

Go evergreen

From box balls and topiaries to flowering shrubs; evergreens add structure to the garden year-round and come to the fore in winter. There are a myriad of beautiful evergreen shrubs to choose from, and many have the added advantage of strongly scented flowers for a touch of summer whenever you need it.

 

Decorate

If you prefer to enjoy your garden from behind a window, the dark and icy landscape could probably benefit from a touch of outdoor lighting. Invest in some solar-powered lights to illuminate your paths and beds, and create whimsical focal points that will contrast beautifully against the night.

 

For the daylight hours, wreaths, weather-resistant ornaments, and fresh planters can make all the difference when it comes to breathing some life back into your garden over the winter.

 

Do a little maintenance

In the thick of the snowy season, you probably won’t think to organise your garden shed or prune your woody plants. But as the holidays roll around, you can take advantage of having a little extra free time to take on those nagging maintenance tasks – and you’ll thank yourself come spring.

 

Welcome the wildlife

Despite the common misconception that our gardens are of no use in the winter, garden wildlife really needs your help over the cold months! In fact, the harsher the weather and the less food there is in the countryside, the more important our outdoor sanctuaries are for our furry and feathered friends. Make sure to clean out, disinfect, and replenish your feeders regularly, as squirrels and birds will become more reliant on them the further we delve into winter. Another great way to help is to provide a fresh source of water, as finding clean water to drink can be difficult for wildlife when the temperatures drop below zero.

 

Make things cosy

Whether you have a small patio, a balcony, or a patch of grass; there are plenty of opportunities to create a cosy outdoor spot that will come in handy any time you have guests over. If you’re working with a small space, create an intimate area by placing chairs and repurposed cushions around an outdoor heater or firepit to create the perfect spot for night-time gathering.

 

If your plans for entertaining guests fall on a rainy day, you could invest in some shelter and embellish with twinkling garden string lights to replace the view of the stars.

 

Curious how much your home is worth? Book a free valuation today to find out.

 



Top tips to speed up the time between sale agreed and exchange 

 

Selling your home requires a good amount of patience and persistence, and the process is never as straightforward as it might seem. On average, 34% of transactions fall through before exchange, and this is why some homes take longer to sell than expected.

 

If you’re thinking about ways to jumpstart the moving process, we’ve put together some top tips to help you achieve that smooth sale…

 

Complete your forms

At the outset of the sale, your solicitor will send over a property information form and a fitting contents form which will need to be completed and returned. These documents form part of the contract paperwork that is sent to your buyer’s solicitor, so the sooner you complete these forms, the sooner the solicitor will have a full pack of information to work through and raise any enquiries they might have.

 

Alterations

In the property information form, you will be asked whether you have carried out any alterations to your property. If the answer is yes, return the form with copies of the relevant planning permissions, building regulation completion certificates and electrical and gas installation certificates attached. This will narrow down the amount of enquires that need to be raised by your buyer’s solicitor – and therefore will speed up the process.

 

Guarantees

The property information form will also ask if there are any existing guarantees for the property. If so, make sure to give them to your solicitor with your completed forms. For example, if the property is less than 10 years old, there should be a new home warranty and if you have had damp treatment carried out on the home, there should be a damp-proofing guarantee.

 

Any time spent getting the necessary paperwork prior to your sale or even as soon as the property is listed will pay off immensely in time saved once the lawyers are involved.

 

Survey

It’s highly advisable to have a survey carried out, and if you decide to, it is your responsibility to instruct the surveyor rather than your solicitor. It’s important to note that the surveyor may not be able to visit the property immediately, so it’s better to book the survey sooner rather than later. Once your survey has been conducted, the surveyor can prepare a report which may take a few days. As soon as you have received the report, you should forward a copy to your solicitor immediately as they may have to raise further enquiries with your seller, depending on the findings.

 

Mortgage

If you are purchasing with the aid of a mortgage, it is essential that you provide your lender with the documents that they have requested as soon as possible. This can range from ID documents to evidence of income, and they will not be able to issue a mortgage offer until these requirements have been met. 

 

Money

Upon exchange you will need to hand over the agreed deposit to your solicitor, so make sure the right amount of money is readily available and in the right account as you may be asked to transfer it to your solicitor at short notice.

 

Completion Date 

The buyer and seller should have agreed on how soon completion will take place after the exchange. This is something to start considering early on in the transaction as the exchange cannot go forward until a completion date has been agreed upon by both parties. Let your estate agent and solicitor know of any dates that need to be ruled out and any preferences you might have for timing. This will eliminate the need to negotiate on dates in the final stages when everyone is eager to get moving.

 

Are you thinking of selling your home? Get started on your property journey today by arranging an up-to-date valuation.