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26Jan

At the beginning of a new year we can always expect to hear many opinions on where the property market will go over the next 12 months.   We, at Royston & Lund, ended 2017 needing more stock as there continues to be a high demand for properties in the area.  We are therefore, anticipating that house prices will rise during 2018 due to the high levels of demand and we expect to still see predominately a sellers’ market. 

Nationally house prices increased last year by 5% according to House Price Index which is in-line with the increase which we have seen locally in West Bridgford and the surrounding areas. 

The local developments of new homes are giving more choice and in turn aiding the market in stabilising; there are likely to be more properties coming to the market as many buyers begin their search with upsizing and in some cases downsizing. 

It’s not all doom and gloom for first time buyer’s as regardless of the increase in interest rates, mortgage rates are expected to remain favourable, with any further rises expected to be minimal over the next 12 months.  Buyers are increasingly taking advantage of the Help to Buy Scheme as well as Shared Ownership Schemes and therefore this is expected to continue to drive the market forward.

In addition to this, the abolition of stamp duty for first time buyers on all properties up to £300,000 was announced in November, this move is expected to save the average first-time buyer £1,660.  We feel this may provide additional motivation to those considering making 2018 the year to become a homeowner again adding strength to the market locally and nationally. 

Due to the facilities on offer along with the wealth of employment in the wider south Nottingham region, West Bridgford is still a magnet for buyers who know Nottingham, as well as people relocating into the area.

Gary Lund said, “We expect the market to follow a similar pattern to that of 2017, while there is still some uncertainty given the current political climate, the number of buyers still outweighs the level of available properties and as a result house prices are expected to continue to rise.”  This was echoed by the RICS forecast for 2018 who have suggested that nationally we will see similar numbers in activity as shown in 2016/17 with property transactions reaching approximately £1.2 million.

Stephanie Caine, Head of Lettings says, “During 2017 a shortage of property to let in the area has left many tenants feeling disappointed and frustrated. There has been huge demand for all types of property and we have seen an increasing number of properties being snapped up as soon as they are listed and in some cases before they can be actively marketed. This demand has been consistent over the last 2 years and stock levels have remained low, especially during certain months

We have also seen an increase in monthly rental rates for new tenants of approximately £65.00 pcm compared to the end of December 2016. During 2017, we have seen tenants’ expectations raise significantly in terms of requirements for modern décor, fixtures and fittings and this has helped us to advise more landlords to invest in their rental properties to raise the standards of rental property in general. 

With the continued legal obligations being placed on landlords within the private rented sector the industry is becoming more and more regulated. During 2017 we have seen the changes in tax exemptions and stamp duty for landlords/investors, Legionnaire risk assessments as well as The Smoke and Carbon Monoxide Alarm Regulations 2015 becoming mandatory.

2018 is likely to be a challenging year for letting agents, as we still await confirmation of when the Tenant fee ban will be in place. Changes to EPC regulations in private rented properties is pending for April and there is talk of electrical periodic inspections becoming a legal requirement on all private rented properties, {which as a professional agent we do agree with and actively discuss with landlords we work with}.

It’s likely that as we move into 2018, tenants will continue to see rent increases as supply starts to reduce, high demand continues, and legislative changes increase costs for landlords.

We are delighted that we have retained our position as top Lettings Agent in the Rushcliffe area for 2017. Figures produced by Rightmove.co.uk show we gained the most Lettings Instructions and Lets Agreed throughout 2017 which we put down to our expertise and professionalism.”

23Jan

We're really excited to finally share our news...we're soon to be opening in Keyworth! We are soon to be opening in Keyworth at 7 The Square. Watch this space for more info! 

15Jan

Work has commenced on phase two of the Trent Basin development after amost all the homes and apartments in Phase One, were snapped up.

Builders Willmott Dixon, have now moved on to the next 31 homes, which will feature balconies and roof terraces, providing views across the river, to Lady Bay or a cityscape to the north.

The Trent Basin development will comprise 500 low energy homes when complete and this second phase of 31 properties will comprise a mix of 2, 3 and 4 bedroom houses along with 2 bedroom maisonettes, ranging from £195,000 up to £450,000. The first of these new homes will be ready to move into in 2019

Nick Ebbs, Chief Executive of Blueprint, the multi award­winning Nottingham­based developer of Trent Basin, said: “We’ve been delighted with the popularity of this unique location to date. Feedback from those residents now settled in at Trent Basin is that this is a unique neighbourhood, where residents share a sense of commitment to using energy responsibly and see the natural beauty surrounding their homes.

 “The tall, elegant houses in Phase One fronting well­designed streets with open views over water and green spaces create an instant sense of calm, while Trent Basin’s green energy credentials – it being home to Europe’s largest community energy battery fed by solar photovoltaic panels – put it on the map for residents who have one eye on their environment. Phase Two has been designed to build upon this now well established sense of place and will offer a broader range of property types and styles.” “There’s already a commitment to low energy living shared among the residents, with many of them embracing electric cars, car­sharing and cycling to work. We plan to install additional electric car charging points at Trent Basin and are looking forward to the completion of Nottingham’s first Eco Expressway along Daleside Road which will complement our ambitions for the community by giving buses, bikes and electric vehicles priority along one of Nottingham’s busiest routes.”

For more information contact Val Shakespeare on [email protected] or Liz Owen on [email protected] or contact the office on 0115 9811888.

09Jan

We were honoured to have recently presented the latest Royston & Lund Sporting Achievement Award to Joseph Uveges at Edwalton Primary School on Tuesday 19th December.

As usual, it was fantastic to be involved with the school and Joseph was delighted to be announced as the winner!

A cheque for £200 was presented to Joseph for him to spend on sporting equipment of his choice for the school and he was also given a trophy.

We look forward to taking this award into its seventh year and presenting other local children with the R&L Sporting Achievement Award later on in the year. 

Pictured is Director Gary Lund with Joseph.

05Jan

Local Brownies in West Bridgford have recently thanked Frances, for all her time and support over the last 25 years.  Frances has supported West Bridgford Girlguiding since the tender age of 16. She first volunteered with Girlguiding as a young leader with 6th West Bridgford (Friary) Guides and later took over as Guide Captain at this unit.

During the last 10 years Frances has been been a Brownie Leader at the 6th West Bridgford (Friary) Brownies.  Having dedicated her time to the West Bridgford Guiding throughout her adult life Frances has decided to take a break but will be still be returning to help local groups in the future.

Talking to Frances about her time with the Guides, she was very keen to let us know that she really enjoyed her years with the local Guides and Brownies, she said "the girls are fantastic and a joy to be with! It has been lovely seeing them learn and grow and I have had the pleasure of seeing hundreds of girls go through Guiding – some of them from Brownies right through Guiding to leadership roles.  It’s especially rewarding to see the girls getting involved in things that help the whole community from litter picking to learning first aid and raising funds for good causes."

Frances has very effectively roped other members of the Royston & Lund Lettings team (Gaynor and Sarah) into helping at the Brownies and has also gained financial support from Royston & Lund!

Frances is now looking for new volunteers to take over the running of the unit. If you are interested in volunteering with Girlguiding in any way then please email Frances at [email protected].

19Dec

Royston and Lund Christmas Opening Hours

Christmas Eve – CLOSED

Christmas Day – CLOSED

Boxing Day – CLOSED

Wednesday 27th December – CLOSED

Thursday 28th December – CLOSED

Friday 29th December – 9am -  5.30pm

Saturday 30th December – 9am – 4pm

Sunday 31st December – CLOSED

Monday 1st January – CLOSED

Tuesday 2nd January – Normal working hours resume  - 9am – 5.30pm

Royston and Lund would like to take this opportunity to wish you a very Merry Christmas and a Happy New Year!

11Dec

Dear tenants,

Re:  Winter precautions, office opening hours & protocol for emergencies during the festive period

As we are now within the winter months and approaching the festive holiday period, we wish to take this opportunity to contact all tenants to remind you of the precautions required to ensure that your home is safe and secure during the winter months.

Please ensure that your home is heated sufficiently during the cold months and we also advise that bathrooms and kitchens are adequately ventilated when in use to prevent the build-up of condensation/mould.

Should you have an outside tap in your home please ensure this is securely covered with insulation to stop the tap / pipework from freezing, which could result in a burst pipe damaging your home and contents.

As the festive period is a prime time for people to be away from home, we strongly request that if you are planning on leaving your home empty please ensure the heating is left on sufficiently to keep the property from getting too cold resulting in burst pipes.  The recommendations from insurers is that boilers are left on, on a permanent setting no lower than 7 degrees to help prevent pipes from freezing.

We would recommend that you arrange for a neighbour/friend to check the property on your behalf should you be away for more than two consecutive days during the winter months to ensure the landlords Building Insurance and your own Contents Insurance does not become void.

Should you have an emergency issue out of our office hours for the festive period, we do have local contractors on call who will attend to EMERGENCIES ONLY (damage to property or danger to life) at their own discretion.  The contractor will make the decision as to whether a call out request is an emergency requiring immediate attention.  Please understand that there are limitations on what contractors can do over the festive period when suppliers/merchants are closed. 

Please ensure that you are experiencing a true emergency (damage to property or danger to life) and that the issue cannot be resolved during our office opening hours. Please remember that if a contractor is called out as an emergency when this is not justified, you will unfortunately  be liable for all costs which will be charged at bank holiday rates.

Our local contractors agreeable to assist at their discretion are:

Matthew Hayes – 07980113746 – General contractor 

Mark Adamson – 07973659775  General Builder

Linton Vickers - 07800532269 - General contractor


Matthew Heather – 07879897437  - Gas Engineer / Plumbing / Leaks / Heating issues

Chris White – 07403330745 – Gas Engineer / Plumber / Leaks / Drains issues

Andy Gorst - 07831213286 - Plumbing/Leaks


ARB Electrical Services -  07966 246 727 - electrical mains

Lambley Electrical Services -  07805 246 943 -  electrical mains 

Breedon Electrical Services -  0115 701 2078 - electrical mains 


Please be aware that the above third party local contractors do not hold or have access to individual property keys.  If you are locked out of your home or have mislead your keys we would recommend you contact a 24hr Locksmith directly. 

Many of the properties that we manage have British Gas Homecare cover or similar policies in place as well as some landlords having their own preferred contractors, so please check the information letter you were given when you moved into the property, if your rental property does have a call out policy or specific instructions/contractors, you will need to contact the relevant company and not a R&L nominated contractor, as per your landlord's wishes. If you need to refresh yourself with regard to whether your rental home has specific contractors/call out policies please contact the office before the 22nd December 2017 to check your records.

Royston & Lund Estate Agents opening hours during the festive period are as follows:

Friday 22nd December - 9.00am - 5.30pm

Saturday 23rd December - 9.00am - 4.00pm

Sunday 24th December - closed

Monday 25th December - closed

Tuesday 26th December - closed

Wednesday 27th December - closed

Thursday 28th December - closed

Friday 29th December - 9.00am - 5.30pm

Saturday 30th December - 9.00am - 4.00pm

Sunday 31st December - closed

Monday 1st January - closed

Tuesday 2nd January - normal working hours resume


Finally, we would like to take this opportunity to wish you all a Merry Christmas and Happy New Year from all at Royston & Lund.

Kind regards,

The Royston & Lund team





08Dec

On Saturday 2nd December we were delighted to be the proud sponsors of West Bridgford’s Christmas Lights Switch On.  There was a huge amount happening on the day with entertainment including a mini ice rink and fairground at Central Avenue and Gordon Square; this was in addition to the Santa’s Grotto and festive market, all of which was followed by a fantastic firework finale!

 

We took the opportunity to raise money for local charity The Friary and our mulled wine and mince pie sale proved to be a sell out!  With the help of the fantastic local community, we managed to raise a huge £550 for this fantastic cause; the Friary based on Musters Road helps homeless and vulnerable adults to rebuild their lives by offering practical services, advice and emotional support.

 

We are also still collecting winter coats on behalf of the Friary so feel free to bring any unwanted warm coats in good condition in to us and will then ensure they all get passed on.

 

28Nov

As the Christmas Light Switch on is fast approaching (this Saturday 2nd December!), we are delighted to announce that we are supporting local charity The Friary.

We’ve got games to entertain the children, along with mulled wine on sale for the grown-ups! Why not come and join us for a glass of mulled wine and a mince pie and your £2 donation will help The Friary empower homeless and vulnerable adults to rebuild their lives.

27Nov

On Friday 17th November we were delighted to be involved in raising money supporting Children in Need 2017. All staff members arrived at work in their PJs with a large smile on their faces for the day ahead. With the help of the fantastic local community, we managed to raise a huge £501.75 for this fantastic cause.

Who knew that launching wet sponges at Estate Agents would be so popular!  The last minute addition of the stocks definitely helped us well on our way with our total!  We’re fairly sure that the large majority of the funds we raised came from the public, local businesses and competitor estate agents throwing cold wet sponges at our valuers!  And what good sports Graham and Steven were!  Not forgetting the fantastic cake sale that we had in the office.

We would like to take this opportunity to thank everyone who helped us to reach our grand total.