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Over the past year, average property prices in Nottingham have increased by 18%, with the average property now worth £216,446*
As the Stamp Duty Holiday price threshold drops, the demand for properties still remains above pre-pandemic levels!
Rising demand coupled with a record sale to stock ratio, has contributed to 13.4% annual house price increase in June, the highest level since November 2004.
With many households undertaking a lifestyle re-evaluation following the pandemic, huge demand has been caused, leading to record house price growth.
The UK housing market starts Autumn with momentum, a post-lockdown mini-boom making summer 2020 busier than usual.
Click "read more" to download the full report.
In line with the new government guidelines confirmed on 24th September, we have implemented some further measures to the way in which we are operating.
Customers are welcome to visit our offices (both West Bridgford and Keyworth) but in the interests of continuing to put our customers and employees safety first, as well as controlling the number of visitors, our front doors will be locked. Please make an appointment in advance, or give us a call prior to popping in. Should you have an appointment to visit our Lettings Department, please enter via the steps at the side of our office.
We continue to offer valuations, viewings, move-ins and move-outs – adhering to the strict government but in addition to this, our virtual viewings and valuations will remain, should you prefer to use these services instead.
On entering our offices, we request that you wear a mask and where screens are not available, our staff will be wearing masks as well.
We are displaying the official NHS QR code and would request that on entering the office, you ‘check-in’ using the NHS Track & Trace App.
The latest Government Guidance on home moving can be found here https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak .
Please do not hesitate to contact us should you have any queries, on 0115 9811888.
The Government introduced legislation to both the private and social rented sectors in England on Saturday 29 August 2020, meaning landlords must now provide tenants with six months’ notice seeking possession of their property, under the Coronavirus Act 2020, until March 2021, except in the most serious cases, such as anti-social behaviour four weeks’ notice instead of six months; domestic violence (two weeks’ notice); rent arrears over six months (four weeks’ notice); and tenancies gained through fraud (two weeks’ notice). Also, where the grounds for eviction relate to the tenant’s immigration status or the tenancy is an assured tenancy and possession is sought following the death of the former tenant, it will be three months’ notice.
The validity of a Section 21 Notice has been extended from 6 to 10 months to accommodate this change.
It is important to note: notices served on and before 28 August 2020 are not affected by the above changes, and must be at least three months.
In addition, should you have to apply to the courts for possession of your property, new court rules have been agreed, which will come into force on 20 September 2020 meaning landlords will need to set out in their claim any relevant information about a tenant’s circumstances, including the effect of the COVID-19 pandemic. Where this information is not provided, judges will have the ability to adjourn proceedings.
We are delighted to have just presented the Royston & Lund Sporting Achievement Award to Emily Hughes at Abbey Road Primary School. At a time when Year 6 pupils have missed out on so much during their last year in primary school, it was a great honour to be able to present the award, bringing some positivity and sharing this fantastic accomplishment!
The deserved winner, Emily, is a great example to us all and it would appear there is not a sport that she doesn’t throw herself in to. The award was made on the school fields on a beautiful sunny day, with everyone at a suitable social distance.
Huge congratulations to Emily from all of us at R&L!
Senior Valuers Graham Sheardown and Steven Gray talk us through what's happening in the local property market and what we can expect for 2020.
If you are thinking of selling, why not arrange a no obligation, FREE market appraisal - https://www.royston-lund.co.uk/sales-valuation
4 Bath Street Corner
568 Penn Road
Telephone: 01902 338 185
Email: [email protected]
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Royston and Lund are independent, award winning Property Specialists with branches in Ashby de la Zouch, Keyworth, West Bridgford and Wolverhampton. We are passionate about the service we offer and are proud to employ the most experienced and professional group of people in the area.
Royston & Lund Estate Agents Ltd. Registered in England. Company No: 4239895. Registered Office Address: 3 Fountain Court, Gordon Road, West Bridgford, Nottingham, NG2 5LN.