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 wondered how much tenants are prepared to pay for energy efficiency. Properties across England and Wales let in 2017 with an energy performance rating of E achieved 3.1% more per square foot than properties let with an F or G rating. On an 800 square foot property, this equates to an average of £360 per year.
The majority of landlords are well prepared, but we calculate that around 7% of properties let in 2017 still need to be brought up to the standard required. Best prepared are London landlords where just 4.9% of properties let last year were lower than an E rating, while in the South West more than 10% of properties did not meet the standard.
At the top of the scale, properties with an A or B rating achieved, on average, 31% more per square foot than F and G rated properties in 2017. On an 800 square foot property, this equates to an average premium of £3,600 per year.
We would like to take this opportunity to thank you
for your continued support which has made 2017
such a successful year
and we look forward to working with you
in 2018 and beyond.
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.
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.
Looking for your perfect property can be an exciting, but how many should you view before choosing your favourite and making an offer?
If the first home that you look at seems perfect, it can be tempting to keep looking around to make sure there is nothing better out there. Be wary, though. You could look for weeks and not find anything as good, and someone could put an offer on the first house in the meantime. It's better to schedule multiple viewings on the same day so you can easily compare and contrast. That way, you know you're making the right decision, even if it's the first property you looked at.
Is there a right number of properties to look at before making an offer? It's different for everyone. Some may fall in love straight away, while others can find themselves looking for a dream home that is too specific and may not exist in their price bracket. Be realistic and make compromises if you have to.
Not sure if a property you’ve seen onlineis worth a viewing? Go for it. A picture is worth a thousand words, but nothingcompares to the real look and feel of a property.
For more help and advice to find yourperfect property, contact your area’s Guild Member by clicking here.
Value My Property