Current Statistics ►

There are people who feel strongly about whether their home address is on a Road, Street, Crescent or Square and developers often assume that one will attract a higher price than another. To test the theory, we explored 2017 sales data to see whether we could identify any correlation between suffix and price.

  • The average price of a property sold on a "Road" to date in 2017 is £301,950, however there are premium purchase properties elsewhere. To purchase on a “Park” expect to pay a 9% premium while to purchase on a “Place”, “Hill”, or “Garden” could add thousands to your purchase price. Owning a property with no street address at all, added £10,000 to one on a “Road”.

  • At the top end of the budget, just 0.5% of all properties sold this year have been on a “Square”, where the average price is £462,895, a stunning 53% more expensive than a “Road”. But “Road” has kerb appeal for more buyers than any other address, accounting for a substantial 30.7% of all sales this year.

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included. 

www.heather-lay.co.uk

 

 

Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017

h_l_banner

Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

Anyone for a Variable Mortgage?

Anyone for a Variable Mortgage?

Videos GPEA News 11th September 2015

Fixed rate mortgages have been the most popular type of mortgage by far, which is not likely to come as a surprise given the ultra low rates on offer.  With Bank of England Base Rate at rock bottom borrowers like the certainty that fixed rates offer, especially when interest rates look set to climb at some point.

The vast majority have therefore elected to lock their rate down with a fix, given the very competitive deals and the fact that there is little to no chance of Base Rate falling.  Against that backdrop why might a variable rate mortgage be a good choice?

It’s not just fixed rates that have improved in the lender rate war and some tracker and discount rates can offer very low rates, slightly undercutting those on corresponding fixed rates.  Those that feel there is still a way to go before interest rates start to climb may therefore feel a tracker offers good value.

Secondly, trackers and other variable rate options are far less likely to carry any early repayment charges, which generally apply on fixed deals.  These charges tie the borrower in so those that need more flexibility, either to overpay or to keep their options open, will find the freedom of many variable products attractive.

Of course, any borrower that is considering a variable product will need to check that they are well equipped to cope with higher payments, if interest rates do start to climb sooner and/or more quickly than they expected.  Looking at the impact of higher rates on the mortgage payment will help a borrower test just how much they value flexibility over security.

It’s unlikely that we will see a big shift from fixed rates towards trackers and borrowers understandably like to know where they stand.  However, variable products should not be dismissed and can be a good option for the right borrower.

Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall TR10 8GU

Land & New Homes
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall, TR10 8GU

2017 © Heather & Lay. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy | Complaints Procedure

   

 


 

Value My Property