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.
These figures are based on the latest data from the Land Registry
House Price Index, which helps to create a picture of the region’s housing
markets. There is no single measure which provides a complete
picture of the market, however below are 20 areas with statistics on the total
value of all property transactions in the past year. This has been
calculated by multiplying the average value of homes by the number of
The district with the largest market is Leeds which saw £1,944m worth of transactions in the year to January 2017.
This was followed by Sheffield with £1,023m worth of sales over the same period.
The district with the highest overall average house price was Harrogate where prices sit at £274,800, which is 20% above the regional average.
The market with the highest number of transactions was Leeds with 11,530 sales occurring during the period.
Where have house prices increased the most?
Here are the five districts with the highest annual capital growth:
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