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.
January 2018
December 2017
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.
This year we have been supporting Christmas Jumper Day in aid of Save the Children UK. Every one has been getting into the swing of things with some festive cheer at both our offices in Falmouth and Penryn, raising a total of £64.70. Not bad for a small team - Well done everyone!
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.
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
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.
What the general election means for the housing market
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Westminster
remains abuzz with the news that Prime Minister Theresa May has called for a
snap general election. But what does this mean for the housing market?
Traditionally, the uncertainty surrounding an election causes an economic
slowdown that the housing market feels keenly. However, Iain McKenzie, CEO of
the Guild of Property Professionals, believes that calling an election in the
current political climate combines genius with recklessness, and has every
chance of positively impacting the housing market.
“The lack
of anticipated political uncertainty that surrounds this election is reason for
us to look at the housing market from a more positive viewpoint. Before this
election, the housing market is a seller’s dream. There’s less on the market
due to political uncertainty, but fewer homes means less competition for
sellers and the opportunity to stand out more. Now is the time to put your home
on the market. Conversely, after the election, the market will be buoyed by an
influx of new homes, creating a buyer’s paradise for those who have been clever
enough to sell before the election.
If you’re
considering buying or selling a home, now is the time to take action by
visiting our website for a free valuation.
I have
every confidence that the housing market will see immediate and long-term
benefits following the results of the general election.”
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
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