House prices 13 per cent higher than pre-pandemic levels

House prices are now 13 per cent higher than before the COVID-19 pandemic. This has defied all predictions of a housing market crash and has even continued past the end of the stamp duty holiday.

This is according to Robert Gardner, Nationwide’s chief economist.

In August, the average UK house price rose to £248,857, a huge increase of over £5,000.

Despite the large jump in value, some people looking to move are still reluctant to place their house on the market. This means demand is massively outweighing supply and creating a bidding war between buyers.

Mortgage rates have also dropped dramatically, meaning buyers have confidence to go after the property of their dreams.

Historic property price changes

The graph below details how property prices have changed since 2007.

The huge dip in 2008 related to the credit crunch and it was expected that there would be another dip during the pandemic.

In reality, the graph shows one of the steepest rises in prices in the last 14 years.

Source: ONS

house price index

Nottingham house prices

House prices in Nottingham have seen some of the strongest rises across the whole of the UK for several years now.

In the last 3 months, Nottingham ranked second in the country for house price growth at +1.4 per cent.

The average property price in Nottingham now stands at £172,100.

How much is your property now worth?

How much is your property now worth after this increase? Are you ready to make the most of this rise and put your house on the market?

For a free, no obligation valuation, call Walton & Allen estate agents in 0115 924 3304. Alternatively, use the valuation form below.

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    Estate Agents Sherwood

    Estate Agents Sherwood

    Looking to sell your property with estate agents Sherwood?

    The average house price in Sherwood, Nottingham, is currently £167,127. This is an increase in value of 1.42% since last year. Estate agents note that terraced houses in Sherwood have sold recently for an average price of £137,827.

    Most house sales in Sherwood involve either semi-detached houses or terraced houses. Their prices are similar to nearby Carrington but more expensive than Basford.

    A home which is selling for more money than the average price is this property on Sheridan Way in Sherwood. This is a mid townhouse with 3 bedrooms, parking at the front and a great rear garden. It also boasts a downstairs WC and is presented in great condition.

    estate agents sherwood sherwood estate agents

    About Sherwood

    The town of Sherwood is a thriving area with a population of 15,414 as of the 2011 census. Moreover, it is around a 10 minute drive from Nottingham city centre and boasts many local shops, pubs, restaurants and other amenities. Given this, there are also many bus routes which pass through the town. The town of Sherwood also borders Woodthrope, Mapperley, Carrington, Basford and Bestwood. Sherwood is represented by Nottingham City Council although it borders with Gedling Borough Council.

    Nearby Woodthorpe Grange Park is a beautiful open space which houses a cafe, play park, tropical house and pitch and putt.

    Sherwood has a thriving arts scene and as a result hosts Sherwood Art Week every year at the Sherwood Community Centre. The town centre is also on the up. Numerous  bars and restaurants have appeared over the last few years which has turned the high street into a thriving area to eat and drink.

    Sherwood is located here in Nottingham

    Sherwood Property Valuations

    Walton & Allen estate agents offer property valuations to ensure you get the best price for your property. With this in mind, if you own a property in Sherwood, why not book in a free, no obligation valuation? Call 0115 924 3304 or use the form below.

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      Sherwood Mortgage Advice

      If you’re looking to buy a house in the Sherwood area then it would be best to speak to a mortgage advisor to ensure you save money on a mortgage deal. Whats more, our mortgage advice is completely independent and initial meetings are free of charge. This means you can compare the whole of the mortgage market which you would not be able to do at your bank.

      Book a Sherwood mortgage advice appointment today

      So, why not talk to our recommended mortgage brokers by calling 0115 9243304? Simultaneously, you can use the below form to talk to us.

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        Mortgage and Protection advice is provided through our association with the mortgage brokers at Premier Mortgage Services (Nottingham) Ltd. A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

        About Walton & Allen Estate Agents Nottingham

        Walton & Allen Estate Agents in Nottingham city come highly recommended for free valuations and when marketing properties. Firstly, we are a traditional high street agent with a modern approach and offer many property services under one roof to make your property sale as smooth as possible. Our property services include property sales, lettings, property investment, mortgage advice and block management. In addition, our team are extremely hard working and will always strive to achieve the best price for your property in as short an amount of time as possible.

        Above all, we offer a no sale – no fee service! This means that you will not pay a penny to us until your property has sold.

        To conclude, if you aren’t talking to Walton & Allen Estate Agents about selling your property then what are you waiting for?! Call 0115 924 3304 to chat to us now. We’re happy to help in any way we can.

        How does it work when you sell your property?

        Walton & Allen Estate Agents in Sherwood provide a full end-to-end service when it comes to selling your property. There are no hidden fees and everything is transparent.

        Once you have your Sherwood property valued, we will look at marketing your property both online and in our branch windows, for a very competitive fee. Where possible, we will handle all viewings for you and negotiate on offers to ensure you get the best possible price for your property.

        Once a sale has been agreed, we will follow the sale through to completion, pushing it along with your solicitors as quickly as possible for you. 

        If you have any questions, feel free to ask. We’re always happy to help. We know the Sherwood property market extremely well after all.

        Best Estate Agents in Nottingham 2021

        Rated best estate agents in Nottingham

        Walton & Allen estate agents in Nottingham are delighted to announce they have been ranked as one of the best estate agents in Nottingham.

        Rightmove have listed us in the Best Estate Agent Guide 2021 for ranking in the top 5% of all UK letting agents. This is for performance, customer service and property marketing.

        To do this they conduct the ‘biggest mystery shopping review process ever undertaken of the property industry’.

        The criteria they looked for is as follows:

        • How well properties perform and are marketed on Rightmove
        • Time taken for the listing to go ‘SSTC’ or ‘Let Agreed’.
        • How good the customer service is via email and telephone
        • Market share compared to other agents

        Analysing over 25,000 branches across the UK, Walton & Allen featured in the top 5%.

        Walton & Allen achieved the “Exceptional” rating. According to the Best Estate Agent Guide, branches with this rating ‘showed an outstanding level of service and care towards prospective clients’.

        As estate agents and letting agents we aim to provide the best possible experience for anyone looking to sell their property, let their property or gain independent mortgage advice. For this reason, we are extremely proud to have been recognised as one of the best estate agents in Nottingham.

        Walton & Allen is fully regulated by the Property Redress Scheme and we are members of NAEA and ARLA, the professional bodies for the property industry.

        best estate agents in nottingham

        Free property valuations

        To book a free property valuation and to find out what we can do for your property, enter your details below.

        Alternatively, you can also call our office on 0115 924 3304.

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          So, what are you waiting for?! Contact Walton & Allen who are the best estate agents in Nottingham.

          Find out how we can sell your home.

          About Walton & Allen Estate Agents

          Walton & Allen were established in 2000 and have decades of combined experience working within the property industry. We provide property sales, lettings and mortgage advice throughout Nottingham. Furthermore, we have a huge active buyer database, meaning we can sell your property quickly and for the best possible price.

          Eviction rule changes

          The government have now changed eviction rules, effective from 1st June 2021. Since the beginning of the COVID-19 pandemic, rules were changed which meant landlords have to give tenants a six month notice period. This notice period covered every situation, even if a tenant was not paying rent.  Whilst this was helpful for many tenants, some landlords expressed concern.

          Now the UK is slowly easing lockdown restrictions and the eviction rules have also changed. Some notice periods have reduced, however they are not yet returning to the same pre-pandemic levels.

          As of 1st June, notice periods that were at six months have now reduced to four months. The following will apply:

          Anti-social behaviour will reduce to 4 weeks’ notice and domestic abuse in the social sector will reduce to 2-4 weeks’ notice. In addition, false statement will reduce to  2 to 4 weeks’ notice.

          If the tenant has been in arrears for over 4 months’ then 4 weeks’ notice can now be given.  A breach of immigration rules will reduce to 2 weeks’ notice and the death of tenant 2 months’ notice.

          Where there is over four months of rent arrears, the notice period will reduce to two months from 1st August 2021. 

          Housing Minister, Chris Pincher said “The measures will ensure renters continue to be protected with longer notice periods for the coming months, while allowing landlords to access justice – 45 per cent of private landlords own just one property and are highly vulnerable to rent arrears.”

          In March 2020 the UK government also introduced a ban on bailiff-enforced evictions. This ban has also now been lifted, meaning many landlords can begin to reposess properties with problem tenants.

          The government have been working towards making the private rented sector better for tenants for some time.

          Later this year they will be conducting a full review of Section 21 evictions, meaning the future of repossessing property could be re-shaped completely. 

          Estate Agents Bestwood Village

          Estate Agents Bestwood Village

          Walton & Allen are estate and letting agents in Bestwood Village and across Nottingham. We provide property sales, lettings and mortgage advice to many home owners and first time buyers.

          Walton & Allen: One of the top performing estate agents in Bestwood Village

          Bestwood Village, Nottinghamshire, was once a colliery village. With recent development it is now classed as a more affluent area of Nottingham.

          The village is close to Hucknall, Bulwell and Top Valley and also very near to Bestwood Country Park.

          Our estate agency in Nottingham sold a wonderful end terraced house on St Albans Road. It is in immaculate condition and features two bedrooms, plus a loft room. The fact this property also has no onward chain is also very appealing for buyers. This Bestwood Village property is currently on the market for a guide price of £125,000 -£135,000.

          estate agents bestwood villagebestwood village propertybestwood village

          We also produced a virtual reality 360 video tour of this property. You can view it on YouTube by clicking on the video here, or by going into one of our estate agent branches.
          Please be aware that you must view this video on the YouTube app if reading this article on a smartphone.

          Why buy property in Bestwood Village?

          Bestwood Village sits very close to Bestwood Country Park which offers over 650 acres of green space. There are also excellent transport links with the nearest NET Tram system only 15 minutes walk away in nearby Bulwell. The current average property value in the area stands at £166,350, which has increased by over 1% since last year.

          How much is your house worth?

          Why not find out how much your property is worth in and around the Bestwood Village and Nottingham area? You can talk to our Senior Valuers today by calling 0115 924 3304 or alternatively use the form below. Our expert sales team aim to get the best price possible for your property and will give you an accurate valuation either in person or over the phone.

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            Bestwood Village Mortgage Advice

            Looking for mortgage advice? We provide initial free mortgage advice to compare the whole of the mortgage market. You may be able to save some money when we look at deals that are suitable for you. You can talk to our recommended mortgage broker by using the form below to arrange a callback, or just to ask questions.

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              A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

              Rightmove’s busiest day in history March 2021

              3rd March 2021 was the busiest day in Rightmove’s history thanks to budget announcements by Chancellor Rishi Sunak.

              Visits to the website surpassed 9 million hits, which is the highest for a single day than ever before. Hits were also 6 per cent higher than visits after the summer budget on 8th July 2020.

              It is likely that this increased traffic was due to the extension in stamp duty and the announcement of mortgage help for first time buyers with 5 per cent deposits.

              Analysis now states that sellers should bring their home to market by 23rd March 2021 at the very latest to make use of the cuts in stamp duty.

              Nottingham house prices still up

              Analysis by Hometrack states that Nottingham house prices are up 5.8 per cent in the last 12 months. They also rose by 1 per cent in the last 3 months alone.

              Now could be the best time to sell

              With a huge increase in buyer demand and house prices still high, now could be the perfect time to put your property on the market.

              You can find out how much your property is worth for free by calling us on 0115 924 3304 or using the form below.

              You can also use our online valuation tool.

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                Stamp duty holiday set to be extended

                Rishi Sunak is reportedly preparing to extend the stamp duty holiday to June 2021.

                It is important to note that this is not yet official. We will find out if this is the case on 3rd March when the chancellor announces his spring budget.

                Sunak first announced a break in stamp duty in July 2020 to help boost the property market following the first Coronavirus lockdown.

                The vast majority of those purchasing a house at below £500,000 have been made exempt from paying the tax, although those looking to purchase as a buy to let still have to pay 3 per cent of the sale price.

                Huge increase in property sales

                It is thought that one of the reasons for the extension is that there have been conveyancing delays following a huge increase in property sales. This could result in many missing the original deadline of the end of March 2021.

                A report by the Centre for Policy Studies (CPS) has claimed that the stamp duty cut had rocketed the number of house sales to their highest level since before the 2007 financial crisis.

                The number of transactions increased from 132,090 in 2020 Quarter 2 to 225,870 in Q3. This then increase further to 316,300 at the end of Q4.

                As a result, the Centre for Policy Studies has suggested that the government permanently increase the stamp duty threshold to £500,000 or abolish the tax altogether.

                This may be a big ask as the current scheme has seen the government lose over £1 billion in revenue.

                Should you be looking to move?

                At Walton & Allen we have seen a huge influx in both properties coming to market and potential buyers looking to move.

                Nottingham house prices have also risen by another 5.8 per cent over 2020 (Hometrack) which, combined with the stamp duty cuts, makes selling a Nottingham home very appealing right now.

                How much is your property worth?

                Find out today by calling our Senior Valuer, Richard, on 0115 924 3304. You can also fill in the form below to get an up to date valuation on your property.

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                  Walton & Allen featured in Best Estate Agent Guide 2021

                  Walton & Allen has been featured in the Best Estate Agent Guide 2021.

                  The Best Estate Agent Guide is an independent company which surveys estate and letting agents across the country. They have teamed up with Rightmove to map out the perfect customer experience for sales and lettings across the country.

                  To do this they conduct the ‘biggest mystery shopping review process ever undertaken of the property industry’.

                  The criteria they looked for is as follows:

                  • How well properties perform and are marketed on Rightmove
                  • Time taken for the listing to go ‘SSTC’ or ‘Let Agreed’.
                  • How good the customer service is via email and telephone
                  • Market share compared to other agents

                  Analysing over 25,000 branches across the UK, Walton & Allen featured in the top 5%.

                  Walton & Allen achieved the “Exceptional” rating. According to the Best Estate Agent Guide, branches with this rating ‘showed an outstanding level of service and care towards prospective clients’.

                  You can find out more by going to their official website, www.bestestateagentguide.co.uk.

                  Do you have a property to sell or to rent out to tenants? Call us today on 0115 924 3304 or email info@waltonandallen.co.uk to see how we can help you too.

                  New 2020 Help To Buy scheme announced

                  A newly reconfigured Help To Buy scheme will open to applicants from 16th December 2020.

                  The equity loan initiative will run from 2021 to 2023.

                  As with the previous scheme, buyers will be able to borrow 20 per cent of the cost of a new build home. Buyers will be required to pay a further 5 per cent.

                  This loan is interest free for 5 years.

                  The new scheme is very much the same as the old one, except regional price limits will be set. This will be at 1.5 times the average first time buyer price in each area of England.

                  This means that the cost of these homes will be closer to the average first time buyer price in each area.

                  Home builders will also have to follow more rules this time round if they wish to be eligible for the Help to Buy scheme. They must agree to follow rules set out by the Consumer Code for Homebuilders, the New Homes Ombudsman, the Building Safety Charter, and fulfil planning permissions and building regulations.

                  Are you a first time buyer? Walton & Allen estate agents can help you find your dream home. Talk to us to discuss our available properties for sale or to receive first time buyer mortgage advice. Just call 0115 924 3304.

                  Gedling Selective Licensing: What you need to know

                  Gedling Borough Council will soon introduce licenses for Colwick, Carlton Hill, Daybrook and Newstead Village

                  Gedling Borough Council are soon to introduce Selective Licensing to other areas of Nottingham. The City Council introduced a similar scheme for most of their district in 2018, with Gedling Borough soon following suit for Netherfield. Now they are planning to expand to cover further areas.

                  To talk to our team about Gedling Selective Licensing, please call 0115 924 3304.

                  What is a Selective Licence?

                  A Selective Licence is a mandatory scheme for landlords who rent their property to tenants in specific areas of Nottingham. The Council is concerned that many tenants in Nottingham are renting properties which are not safe or of a ‘decent’ standard. The aim behind the scheme is to ensure all properties are kept to good standards.

                  The scheme also aims to ensure that all properties are managed by ‘fit and proper’ landlords.

                  Does my property need a licence?

                  If you own and rent out a property to tenants in Colwick, Carlton Hill, Daybrook or Newstead Village then it is likely that you will need a Selective Licence.

                  When will the scheme begin?

                  The licensing scheme is estimated to begin in 2021. A 12 week consultation period will run from 12th October 2020 to 4th January 2021.

                  After this consultation period the Council will publish more information on the scheme and suggest a start date.

                  You can have your say about the scheme by visiting https://www.gedling.gov.uk/slphase2/.

                  What is the cost of the licence?

                  There are several different costs for the Gedling Borough Council Selective Licence, depending on your circumstances as a landlord.

                  The fee is split into two different payments; the first when you apply and the second when your draft licence is issued. The total fee lasts for 5 years.

                  Standard fee

                  Total = £700
                  Part 1: £520
                  Part 2: £180

                  Accredited landlord fee

                  The proposed licence holder is accredited with either DASH, NLA, RLA, Unipol or equivalent landlord accreditation body.

                  Total = £585
                  Part 1: £430
                  Part 2: £155

                  What if I don’t have a licence?

                  The Council can prosecute you and issue criminal proceedings. They are also able to fine you an unlimited amount of money.

                  What are the licensing conditions?

                  The licence holder will be subject to conditions to keep both the property and tenant(s) safe. Below is a summary of these conditions.

                  • If gas is supplied to the property then the property will need a valid gas safety certificate
                  • Supplied electrical appliances should be kept safe and have PAT tests where necessary
                  • The licence holder should ensure smoke alarms are working and maintained throughout the tenancy
                  • Supplied furniture should be safe and fire safety labels left in place
                  • A carbon monoxide alarm should be installed in any room in the house which is used wholly or partly as living accommodation and contains a solid fuel burning combustion appliance
                  • The licence holder should ensure that repairs are dealt with in a timely manner
                  • Any unwanted household items or garden rubbish should be removed
                  • Security issues should be dealt with within 24 hours of being reported
                  • Security locks and systems should be kept in good working order at all times
                  • The tenant should be supplied with security alarm instructions if one is fitted in the property
                  • Lock changes should be made for new tenancies if the previous tenants fail to return all keys
                  • The licence holder should provide written information on bin collection dates, bulky waste collection services and what each type of bin is used for
                  • The licence holder should ensure that the tenants’ right to enjoyment of the property is respected
                  • At least 24 hours written notice should be given to tenants before entering the property
                  • Inspections should be carried out every six months to ensure the property is fit to live in. A written log must be kept and provided to the Council within 7 days, if requested.
                  • At the beginning of a new tenancy, the licence holder must provide the occupier(s) with written information, including contact details, explaining how they can make a complaint about the property and the arrangements in place to deal with emergency and other repairs. Complaints should be dealt with within a reasonable timescale
                  • At the beginning of the tenancy the licence holder must provide an information pack which includes a true copy of the property licence, emergency contact details and copies of safety certificates where applicable
                  • Written terms or a tenancy agreement must be provided
                  • The licence holder should comply with all lettings and landlord laws during the tenancy
                  • References need to be sought for each tenants and written evidence kept, should the Council require them
                  • Information on the deposit scheme you use, if applicable, should be made available to the tenant(s)
                  • The licence holder shall ensure that all reasonable and practical steps are taken to prevent and respond to anti-social behaviour
                  • The licence holder must inform the council within 21 days of any material change in circumstances including change of address, change of management or ownership, any criminal charges or any proposed changes to the property layout
                  • The licence holder must attend training every 3 years which covers lettings law and legal requirements

                  All these requirements can be managed on your behalf using our fully managed lettings service. To find out more, call 0115 924 3304 or email info@waltonandallen.co.uk.

                  Need more advice on Selective Licensing?

                  If you need more advice on this scheme then you can contact the Walton & Allen lettings team. You can call us on 0115 924 3304 or email info@waltonandallen.co.uk.