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.
With the government pledging to build one million new homes by 2020, more buyers are being encouraged to buy newly built properties. So what are the perks of buying a new home compared to an older property? Firstly, they are built to the latest building standards and usually come with a 10-year warranty, meaning you’re covered if you have any structural issues. They’re typically more energy efficient, too, meaning they’re cheaper to run and, depending on how close they are to completion, you may be able to add a few of your own specifications.
Here’s a selection of our favourite new builds currently for sale across the UK today. They come in all different shapes and sizes, and are on the market for a range of prices. It seems that there’s a new build to suit everyone!
Malvern, Worcestershire - £410,000
Nestled on the edge of the beautiful Malvern Hills, this four-bedroom house is one of three properties in a small development that has far-reaching views across the Severn Valley.
This four-bedroom home has been built to an exceptionally high specification with a number of luxurious fittings including a handmade kitchen, a feature fireplace and the option of a multi-room sound system.
This property may look like a barn conversion, but it’s actually a complete new-build. Between the main house and the detached holiday cottage, the property has nine bedrooms with en-suite shower rooms.
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