Property news roundup: Forget castles, detached houses are the most popular dream home

Plus rent rises slow and Essex house prices up

A detached house is the ideal UK property for most homehunters.

Nearly one in five people in a new survey by mortgage and loan broker OceanFinance.co.uk say that this is the home that they most covet, compared to just one in 20 who would go for a castle or historic mansion.

Bunglows (just under 13 per cent) and flats (6.5 per cent) are also ahead of castles and converted barns/churches (5.6 per cent). A little cottage in the country is popular with 17 per cent - slightly highers in Yorkshire and the East Midlands - and 15 per cent would prefer a farmhouse with a smallholding of land than a city townhouse (4.7 per cent).

"Rates of homeownership may continue to decline but the idea of owning our own place remains deeply engrained," said Ian Williams, spokesman for Ocean Finance. "Typically we have fairly modest aspirations, preferring a detached house to a 'Grand Design'. And while most of us live in urban areas, the draw of rural living in the chocolate box' country cottage remains very strong."

Rent rises falling...

Rent rises across England and Wales have slowed to be just 0.6 per cent higher than a year ago, according to LSL Property Services.

Its report says that the average rent is now £741 per month compared to £736 in April 2013, although April rents are nearly 13 per cent higher than in January 2010. 

"Private renting is not in any form of crisis," commented David Newnes, director of estate agents Reeds Rains and Your Move, part of LSL. "Not only are rents rising more slowly than inflation, but the cost of private renting is also rising in line with household incomes. Even before the economic weather changed so recently, the last few years have seen rent rises dwarfed by inflation most of the time.  Meanwhile the private rented sector has absorbed millions of households while other tenures have been unable to take up the slack.

The fastest annual increase in rents is in the South West, up 4.3 per cent since April 2013, followed by a 3.2 per cent for the East Midlands and a 2.4 per cent increase in the North West.The North East has experienced the greatest drop, down by 3 per cent. Rents were also down 2.8 per cent in the East of England, two per cent in the West Midlands, and just under one per cent in Yorkshire and the Humber.

... but at new high in London

Data from HomeLet suggests that the average cost of renting a home in Greater London reached a new high last month, increasing by 9.4 per cent compared to April 2013 to £1,348 per month.

It marks the largest annual increase in the capital’s average rental figure since April 2011 and means tenants in Greater London are paying rents close to double that of the rest of the UK.Across the rest of the UK, the average cost of renting a home increased by 2.9 per cent during April to £848 per month.

Essex house prices up by 14 per cent

Over the last 12 months, house prices in Essex are up by 14 per cent, with the average house price now £303,037. The figures from Balgores Property Group indicate that house prices in Basildon have shown the highest increase, up 19 per cent, with Chelmsford up by 11 per cent, Brentwood by eight per cent and Romford seven per cent. 

Martin Gibbon, Group Director of Balgores Property Group, said: "Basildon is booming. The leap in average house prices in the area is mirrored by a huge rise in rent prices, up by 30 per cent year-on-year."

Discover more property articles at Homes and Property
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Technical Support Specialist - Document Management

£30000 - £40000 per annum: Recruitment Genius: A leading provider of document ...

Recruitment Genius: Legal Secretary

£17000 - £17800 per annum: Recruitment Genius: This is an opportunity to work ...

Recruitment Genius: Ad Ops Manager - Up to £55K + great benefits

£45000 - £55000 per annum: Recruitment Genius: This company is a digital speci...

The Green Recruitment Company: Operations Manager - Anaerobic Digestion / Biogas

£40000 - £45000 Per Annum: The Green Recruitment Company: Job Title: Operation...

Day In a Page

Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent