Property news roundup: Shortage of semi-detached homes for sale
Plus, school catchment areas, rent rises, TV in the bedroom and buying with Bitcoins
Monday 28 April 2014
Around 57 per cent of estate agents across the UK report a shortage in the number of semi-detached homes for sale.
Just over half of estate agents surveyed by Move with Us also believe there is a shortage of bungalows.
Its report also suggests that the average selling time for a three bedroom semi-detached property in Britain is now 71 days, 55 days faster than the national average selling time for all properties.
Robin King, Director at Move with Us said: "Many home buyers are now opting to purchase three bedroom properties as their first home. They’re skipping the first rung of the property ladder, forgoing the starter home and moving straight into a property that they can grow into."
Buying with Bitcoins
According to Tom Bill at Knight Frank, this is what 50,000 Bitcoins would have bought you in London:
July 2010 - Less than one square foot of an eight-bedroom mansion house in Mayfair
May 2011 – A studio flat in Croydon
June 2011 – Two bedroom flat with river view in Wapping
November 2013 – Six bedroom terraced house in Kensington
December 2013 – Eight-bedroom mansion house in Mayfair with home cinema and swimming pool
March 2014 – Three-bedroom penthouse in Mayfair
House prices and schools
Figures from Savills and the Good Schools Guide show, unsurprisingly, that house prices in catchment areas for the country's 35 most popular state schools are significantly higher than those outside them.
Their report indicates that these local property bubbles mean sought-after houses are averaging 22 per cent more than nearby homes just out of catchment.
The biggest state school premium was for houses within the Altrincham Girls’ Grammar, catchment, followed by Henrietta Barnett in Hampstead Garden Suburb.
Rents in Great Britain rose by one per cent in the last year, according to latest government figures- the highest rise was in London (1.4 per cent) followed by both the South East and South West at one per cent. In Scotland, rents rose 1.3 per cent and in Wales 0.6 per cent.
North East property report
KIS Lettings has launched a monthly report on the state of the North East housing market which aims to give expert regional property advice which is more than "a footnote to London".
The first edition names Jarrow as the region's 'Best to Invest' with above average house price rises, affordable rents and competitive yields for landlords. Gateshead is named the best place in the region to rent, and Whitburn the recommended area to buy this month.
The report also suggests that North East property prices have risen by 4.5 per cent in the last year, with an average property in the region valued at £137,411.
Three beds in London up £727 a day
The average price of a three-bedroom property in Prime London has risen by £729 per day during the last year, according to estate agents Marsh & Parsons. It estimates that at the current rate of increase, the average price of a Prime London property will be above £2m by 2016.
Peter Rollings, CEO of Marsh & Parsons, said: "These are extraordinary times for the Prime London property market. Smart buyers can earn more money from their house in a year than by going to work in a very well-paid job."
And now it's worth...
New research from eMoov indicates that one in four people who own a home in London check the value of their property every week compared to a national average of six per cent.
Do you have a TV in your bedroom?
Then you’re more likely to get two and a half hours less sleep a night than someone without one, according to figures from foam mattress specialist Ergoflex. A quarter of those surveyed watched news late at night in bed, while a fifth made time for TV series which were on at the same time every week. Around 16 per cent watched DVDs, 11 per cent just flicked through channels to watch anything, and only four per cent chose documentaries.
A deceptively spacious, beautifully presented Georgian home with 3000sq ft of living space and five reception rooms
A five-bedroom Victorian home with four receptions, superb gardens and paddock in Pembury
An eight-bedroom house on the south side of the The Green with cinema, wine cellars and summer house
This 17th century beauty is full of rustic cosiness, while the detached home office means you can also run a business
This five-bedroom red-brick beauty overlooks the village green and sits in just under two acres of land
Four exclusive apartments in a Grade II-listed former medical school with 2,275 sq ft of living space and 18ft ceilings
A five-bedroom terraced house on the popular Peterborough Estate, ideally located for both Eel Brook Common and South Park
A state-of-the-art farm-building conversion on the former Cliveden Estate, with 11,420sq ft of internal space, cinema and wine cellar
A three-bedroom, 15th-century cottage with original features in the picturesque village of Sissinghurst
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize
A three-bedroom red-brick cottage with outbuildings and pretty gardens, £200,000
Life & Style blogs
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
- 1 Lego letter from the 1970s still offers a powerful message to parents 40 years later
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Green Party Caroline Lucas interview: 'We could be on the edge of something very big'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
£50000 - £55000 per annum: Investigo: A growing group of top end restaurants l...
£200 per day: Ashdown Group: Working within a business that has a high number ...
Excellent Salary : Austen Lloyd: OXFORD - REGIONAL FIRM - An excellent opportu...
£35000 - £40000 per annum: Recruitment Genius: This well-established and growi...