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About Ruddington Village, Nottinghamshire

As an estate agent living and working in the charming village of Ruddington, I am fortunate to witness firsthand the allure and desirability of this Nottinghamshire gem. Nestled amidst rolling countryside and steeped in history, Ruddington offers a tranquil and idyllic lifestyle that captures the hearts of both residents and prospective homebuyers.

As I walk through the picturesque village streets, I am reminded of the village’s rich history that dates back to medieval times. The architectural tapestry of Ruddington showcases a blend of traditional and contemporary designs, ensuring there is a property to suit every taste and preference. From quaint cottages with thatched roofs and charming character features to modern family homes with spacious layouts, Ruddington’s housing stock caters to a diverse range of lifestyles.

Property prices

Property prices in Ruddington reflect the village’s desirability and the quality of life it offers. The average property prices range from £200,000 to £500,000, depending on factors such as size, style, and location. The market caters to first-time buyers, growing families, and those seeking a peaceful retreat in a picturesque setting. With a variety of property types available, including period homes, terraced houses, and modern developments, Ruddington presents a broad spectrum of opportunities for homebuyers.

Community

One of the standout features of Ruddington is its strong sense of community. As an estate agent living in the area, I have witnessed the warmth and friendliness that permeates the village. Neighbours greet each other with a smile, and there is a genuine sense of connection and belonging. The village’s close-knit community spirit is fostered through various events and activities, including summer fetes, art exhibitions, and farmers’ markets.

Beyond its community spirit, the village boasts an abundance of natural beauty. Surrounded by picturesque countryside, the village provides ample opportunities for residents to connect with nature. Rushcliffe Country Park, located nearby, offers expansive green spaces, walking trails, and serene lakes. It’s a haven for outdoor enthusiasts, providing a peaceful retreat for leisurely strolls, family picnics, and moments of tranquility.

One notable village location which cannot be overlooked is Sellors’ Playing Field. This expansive green space serves as a hub for recreational activities and community gatherings. It offers a wide range of amenities, including a well-maintained football pitch, a children’s playground, and open spaces for picnics and leisurely walks.

One of the most highly anticipated events in Ruddington is the annual Wakes funfair, held right at Sellors’ Playing Field. This cherished tradition brings an extra dose of excitement and merriment to the village, transforming the green expanse into a bustling carnival atmosphere. The Wakes funfair, held during the summer months, is a time when the entire community comes together to enjoy rides, food and simply have fun.

Convenience and accessibility

As an estate agent, I can’t overlook the convenience and accessibility that Ruddington offers. Despite its rural charm, the village is well-connected to nearby towns and cities. Nottingham city centre is just a short distance away, providing an array of amenities, entertainment options, and employment opportunities. Commuters will appreciate the excellent transport links, including regular bus services and easy access to major road networks.

For history enthusiasts and railway aficionados, Ruddington is home to the renowned Great Central Railway. This heritage railway takes passengers on a nostalgic journey through time, allowing them to experience the magic of steam and diesel locomotives. The picturesque railway line winds its way through the beautiful Nottinghamshire countryside, offering a unique and memorable experience for all ages.

Schools

When it comes to education, Ruddington boasts excellent schooling options, making it an appealing choice for families. The village is home to a range of primary schools known for their high standards of education and nurturing environments. Parents can feel confident knowing their children have access to quality education within the village itself.

Why choose Ruddington?

Ruddington is a hidden gem that captivates residents and prospective homebuyers alike. Its enchanting blend of history, natural beauty, strong community spirit, and diverse property opportunities make it an exceptional place to call home. Whether you’re seeking a cottage steeped in charm or a modern family home, Ruddington has something to offer for everyone. As an estate agent living in this remarkable village, I am proud to showcase the unique features and property opportunities that make Ruddington an irresistible destination for those seeking a peaceful and fulfilling lifestyle.

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Nottingham House Prices in 2023

Nottingham, located in the heart of England, has emerged as a vibrant and thriving city with a diverse housing market. In this article, we will explore Nottingham’s property prices, analysing the current trends, key factors influencing the market, and the city’s investment potential. Whether you are a potential buyer, seller, or investor, understanding Nottingham’s property market is essential for making informed decisions. Benwell Daykin Estate Agents provides some thoughts.

Historical Nottingham property trends

Over the past decade, Nottingham’s property market has witnessed steady growth and resilience. From 2010 to 2020, the average property prices in Nottingham rose by approximately 43 per cent, reflecting the city’s increasing popularity and desirability. Despite fluctuations, Nottingham has consistently performed well compared to the national average, thanks to factors like its thriving economy, excellent transport links, and renowned educational institutions.

The current property market (2023)

As of the latest data, the property market in Nottingham continues to show positive signs. While the COVID-19 pandemic had a temporary impact, the market has rebounded strongly. According to recent reports, Nottingham’s property prices have experienced an upward trajectory, driven by high demand, limited supply, and attractive rental yields.

Several factors contribute to the strong property prices in Nottingham. First and foremost, the city’s economic growth plays a significant role. Nottingham benefits from a diverse and expanding economy, with a strong presence in sectors such as life sciences, digital industries, and finance. This robust economic base attracts businesses and professionals, fuelling demand for quality housing.

Another factor is the city’s renowned universities, including the University of Nottingham and Nottingham Trent University. These institutions attract a significant number of students, creating a thriving rental market. The demand from students and young professionals has led to an increase in purpose-built student accommodations and a subsequent rise in property prices in popular student areas.

Additionally, Nottingham’s excellent transport links contribute to its appeal. The city boasts efficient road and rail networks, providing easy access to major cities like London and Birmingham. The upcoming HS2 high-speed rail project further enhances Nottingham’s connectivity and attractiveness as a commuter destination.

Investing in Nottingham property

Nottingham offers promising investment opportunities for property buyers. Its strong rental market, driven by a large student population and young professionals, ensures a consistent demand for rental properties. Rental yields in Nottingham are attractive, particularly in popular areas such as the city centre, West Bridgford, and Beeston.

Furthermore, the city’s ongoing regeneration projects enhance its investment potential. Areas like the Creative Quarter, Waterside Regeneration Zone, and the Southside area are witnessing significant redevelopment, attracting investors seeking capital growth and long-term returns.

Nottingham’s property market also benefits from its affordability compared to other major cities in the UK. The relatively lower property prices make it an attractive option for first-time buyers and investors looking to enter the market or expand their portfolio.

To conclude

Nottingham’s property market demonstrates resilience, growth, and investment potential. With a diverse and expanding economy, renowned universities, excellent transport links, and ongoing regeneration projects, the city offers a compelling proposition for property buyers and investors. While property prices have experienced steady growth, Nottingham’s affordability compared to other major UK cities makes it an attractive option. Whether you are considering purchasing a home or seeking to invest in rental properties, staying informed about Nottingham’s property market trends and factors is crucial for making sound decisions in this dynamic and promising city.

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The Impact of Interest Rate Rises in 2023

mortgage rate rises 2023

May 2023 marked a significant turning point for the United Kingdom’s financial landscape, as the Bank of England implemented an interest rate rise for the first time in several years. This move reflects the evolving economic conditions and aims to balance the needs of consumers, businesses, and the overall stability of the economy. In this blog post, we will explore the implications of interest rate rises in the UK in May 2023 and discuss how individuals and businesses can navigate these changes.

  1. The rationale behind the interest rate rise:

The Bank of England’s decision to raise interest rates in May 2023 was driven by several factors. One of the primary reasons was the need to curb inflationary pressures, which had been gradually building up due to increased consumer spending, rising energy costs, and supply chain disruptions. By raising interest rates, the central bank aimed to reduce the pace of spending, cooling down the economy and reining in inflation.

  1. Impact on consumers:

For consumers, the interest rate rise means an increase in borrowing costs. Mortgages, personal loans, and credit card debts are directly influenced by interest rates. As rates rise, monthly payments on variable rate mortgages are likely to increase, potentially impacting household budgets. Individuals should review their finances, consider fixed-rate mortgage options, and explore opportunities for debt consolidation or refinancing to mitigate the impact of rising interest rates.

  1. Impact on businesses:

Businesses will also feel the effects of interest rate rises. The cost of borrowing will increase, which may deter investment and expansion plans. Higher interest rates can also affect consumer spending habits, potentially impacting the sales and profitability of businesses, particularly those in sectors sensitive to interest rate changes. Companies should assess their cash flow, review their financing strategies, and explore alternative sources of funding to adapt to the new interest rate environment.

  1. Investing wisely:

As interest rates rise, savers may benefit from higher returns on their deposits. Traditional savings accounts and fixed-term deposits may become more attractive as they offer better interest rates. However, investors should also diversify their portfolios and consider other investment options, such as stocks, bonds, or real estate, which can provide opportunities for growth and offset the impact of rising interest rates.

  1. Overall economic outlook:

While interest rate rises can cause short-term adjustments and challenges, they are often seen as a positive sign for the economy. Higher interest rates can help maintain price stability, encourage savings, and prevent the buildup of excessive debt. However, it is important to strike a delicate balance to avoid stifling economic growth. The Bank of England will closely monitor economic indicators to assess the impact of interest rate rises and adjust policies accordingly.

The interest rate rise implemented by the Bank of England in May 2023 signifies a shift in the UK’s economic landscape. Consumers, businesses, and investors need to adapt to this changing environment by carefully reviewing their financial strategies, considering alternative financing options, and exploring diversified investment portfolios. While initial adjustments may be challenging, the long-term benefits of a stable and balanced economy can outweigh the short-term impacts. By staying informed and proactive, individuals and businesses can navigate these interest rate rises and position themselves for financial success in the evolving economic climate.

How Interest Rates Impact Mortgages

In addition to the broader implications of interest rate rises in May 2023, it is essential to understand how these changes will specifically impact mortgage rates in the UK. Mortgage rates are directly influenced by the Bank of England‘s base rate, which serves as a benchmark for lending institutions. As Estate Agents in Nottingham, Benwell Daykin breaks this information down.

  1. Variable rate mortgages:

For homeowners with variable rate mortgages, the interest rate rise will lead to an increase in their monthly mortgage payments. Variable rate mortgages are typically linked to the base rate, meaning that any increase in the base rate will result in higher mortgage rates. Borrowers should be prepared for potential adjustments in their budget and consider the impact on their monthly mortgage affordability.

  1. Fixed rate mortgages:

Homeowners with fixed rate mortgages will generally not be immediately affected by the interest rate rise. Fixed rate mortgages offer a predetermined interest rate for a specific period, usually two to five years. However, as fixed-rate mortgage deals expire, borrowers will need to renew their mortgage or switch to a new lender. When doing so, they will likely face higher interest rates than those available during previous years. It is important for homeowners to review their options and assess whether it is advantageous to lock in a new fixed-rate deal or explore other mortgage products.

  1. Remortgaging and new home buyers:

The interest rate rise may lead to increased remortgaging activity as homeowners seek to secure lower rates or more favourable terms before rates rise further. This surge in demand for remortgaging could potentially lead to increased competition among lenders, offering borrowers a range of mortgage deals to choose from. However, borrowers should carefully consider the associated costs, such as arrangement fees and early repayment charges, to determine if remortgaging is financially beneficial.

When buying property, new home buyers entering the market after May 2023 may encounter higher mortgage rates compared to previous years. It is crucial for prospective buyers to factor in these increased rates when calculating their affordability and budgeting for homeownership.

  1. Expert advice and planning:

Given the complexities and potential financial impact of interest rate rises on mortgage rates, seeking expert advice is strongly recommended. Mortgage brokers or financial advisors can provide guidance on navigating the changing landscape, exploring different mortgage options, and identifying the most suitable approach based on individual circumstances.

You can talk to our recommended mortgage broker for free by calling us on 0115 990 2007.

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How To Sell Your House Quickly in 2023

Various factors can influence how quickly your house sells, including supply and demand, interest rates, employment levels, and government policies. While the UK property market has historically been strong, it is not immune to fluctuations, and it is possible that house prices in certain regions or property types may drop in response to changing market conditions or economic factors. 2023 has seen a slow on property price growth but houses are still selling well.

Selling your house quickly

Selling your property? If you want to ensure your house sells as quickly as possible, here are some tips on how to sell a house fast:

  1. Price it right: The price is a crucial factor when selling a house. Pricing it too high can discourage potential buyers, while pricing it too low can result in a loss. To determine the right price, do research on the local market and consult with a reliable real estate agent.
  2. Make necessary repairs and improvements: Before listing your house, make sure to address any necessary repairs and improvements. A well-maintained and attractive house is more likely to sell quickly.
  3. Declutter and depersonalise: Remove any personal items and clutter from your house. A clean and uncluttered space can help potential buyers visualise themselves in the house.
  4. Stage the house: Staging your house can make it more appealing to potential buyers. This involves arranging furniture and decor to highlight the best features of your house and create a welcoming environment.
  5. Use high-quality photos and videos: High-quality photos and videos can showcase your house in the best light and attract more potential buyers.
  6. Advertise effectively: Use a variety of advertising methods to reach as many potential buyers as possible. This can include online listings, social media, and signage.
  7. Be flexible: Be flexible with showing times and make your house as accessible as possible to potential buyers.

Keep in mind that selling a house fast requires a combination of the right pricing, preparation, and advertising. By following these tips and consulting with a reliable real estate agent, you can increase your chances of selling your house quickly.

Need more advice? Contact Benwell Daykin, estate agents in Ruddington, on 0115 990 2007.

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The Best Places to Invest In Property In Nottingham

The best places to invest in property in Nottingham

Are you looking to invest in property in Nottingham? As letting agents, Benwell Daykin can help you find the perfect place to buy to let.

Why choose Nottingham?

So you’re likely to have already done your research. Whether you’re local to the city or if you’ve just been looking for high investment yields, you’ll know that Nottingham has what you’re looking for. Property prices in Nottingham have been consistently rising for a long time and the city often has some of the highest growth across the country, month on month.

So why is this? Well, Nottingham is thriving. It’s an epicentre for business and innovation – We have some huge businesses here such as Boots, Experian and Eon which have created many many jobs. Nottingham has the largest teaching hospital in the UK as well, the Queen’s Medical Centre.

We also have a huge student population – an estimated 65,000 students across two universities (Source: Nottinghamshire Live) – Nottingham Trent University and the University of Nottingham.

This just means that people are flocking to the city all the time, and of course they need somewhere to live.

What else does Nottingham have to offer?

Let’s look at why else people would choose to live in Nottingham.

If you’re looking for night life then Nottingham is not to be missed. The variety of bars and restaurants is huge, but that’s not all.

Nottingham is home to some huge sporting outfits, including Nottingham Forest, Notts County, Trent Bridge Cricket Ground, The Nottingham Panthers Ice Hockey and Holme Pierrepont for water sports.

Transportation is also fantastic. We have the NET tram network which goes to many of the suburbs, as well as a quality bus network. We also have the main Nottingham rail station and will soon have an HS2 station in nearby Toton.

Nottingham property prices

Sales Prices

At the time of writing in 2023, Nottingham has seen the highest house price growth across the country in the last 12 months. (Source: Hometrack). This growth currently sits at +10.9 per cent, followed by Manchester at 9.3 per cent and Birmingham at 9.2 per cent.

The average property price now sits at £198,000.

Rental Prices

Average rental prices in Nottingham now stand at £1,319 per month (Source: Home.co.uk). This is across all lettings properties in the city.

If we break this down, the average 2 bed rental price is currently £1,068 and the average 3 bed is £1,298. The average 1 bedroom is currently renting for £823 per calendar month.

Obviously these prices depend on location – You are likely to get higher rents for a 1 bedroom flat, furbished to a high standard, in a popular city centre location.

Which areas in Nottingham should you choose?

Nottingham has many suburbs surrounding the city, all with rental property in high demand.

Nottinghamshire is split into four main boroughs, run by different councils. These are City of Nottingham, Rushcliffe, Gedling, Broxtowe and Erewash.

Bear in mind that almost every property in the City Council region now has a Selective Licensing scheme in place. This means you have to pay a fee every 5 years and meet certain conditions, both with your property and as a landlord. You can find out more about Selective Licensing here.

If you’re looking to rent to students then you generally need to be looking at buying a property either within the city centre, or near to the Nottingham University campus in Beeston.

If families are your preferred tenants then aim for any of the suburbs such as Arnold, Mapperley, Hucknall, Stapleford, Long Eaton and many more.

Looking for more high-end rental properties? The more affluent areas are often said to be places such as West Bridgford, Wollaton, Mapperley Park and The Park.

Of course, there’s also many great villages such as Ruddington where we are based.

Need more rental property advice?

Talk to our friendly lettings team today on 0115 990 2007 or use the contact form below.

We’d be happy to help you find your rental property or a suitable tenant across Nottinghamshire.

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    Rents continuing to push higher in current lettings market

    uk lettings rental prices

    Renters are having to look at renting smaller properties with lower running costs as rents continue to rise across Nottinghamshire and throughout the UK.

    According to Zoopla’s latest quarterly rental market report, the average rent has increased by £115 per month since last year, reaching £1,051 per calendar month – and accounting for 34.4% of the average income of a single earner.

    Why are rents rising in the housing market?

    This surge in rental prices is heavily impacted by a severe supply and demand imbalance. The average letting agent currently has just eight homes available to rent, with the rest of their stock all tenanted and unlikely to change.

    With the cost of living ever increasing, renters do not want to spend extra money moving home.

    Another reason for this is that Landlords are looking to sell some of their properties. This is both down to the cost of living but also with so many legislation changes over the last few years.

    According to Zoopla, currently, approximately 3 in 4 renters will decide to stay in their current property.

    Key rental takeaways

    These are the key facts taken from Zoopla’s research:

      • Renters are choosing two-bed apartments over three-bed family homes to reduce outgoings as the cost of living rises

      • Rents on new lets have gone up £115 per calendar month compared with this time last year, rising faster than wages

      • In a market where demand is massively outstripping supply, rents are likely to keep going up into 2023

    Rental growth has accelerated over the last 12 months from an annual rate of less than 2% in July 2021 to 12.3% today, while rental growth is out-pacing earnings growth in all regions and countries of the UK.  Rental growth is ranging from 7.6% in the North East to a staggering 18% in London – however, there are signs that rental growth is close to peaking.

    How can Benwell Daykin Lettings help?

    As letting agents in Nottingham, we want to strike a balance between helping rents to remain affordable, but at the same time allowing Landlords to make the most from their investment properties.

    We are constantly monitoring market conditions to ensure the best possible rental prices are being achieved on all properties managed in our portfolio.

    Worried about legislation? We take care of this for you!

    We know exactly what it takes to ensure all properties are legally compliant. If a property is managed by Benwell Daykin then all of this is taken care of, without stress.

    Find out more about our lettings services

    You can talk to our friendly team today by calling 0115 990 2007 or by using our contact page.

     

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    Live Like Bruce Wayne in Wollaton, Nottingham

    wayne manor wollaton nottingham

    Wayne Manor, Nottingham

    Have you ever looked at Bruce Wayne’s mansion and wish you lived a life just like him?

    Well now, maybe you can in Nottingham – at least, you could live in the same area as where Bruce Wayne once lived.

    For those who don’t know, filming for the Dark Knight Rises took place at Wollaton Hall. Nottingham played host to all the stars including Christian Bale, Morgan Freeman and the legendary Michael Caine.

    Here is a clip of the film featuring much of the grounds at Wollaton Park.

    Wollaton Hall took on a very special role in when it appeared as ‘Wayne Manor’ in The Dark Knight Trilogy.

    The Hall is an Elizabethan country house of the 1580s standing on a small but prominent hill in Wollaton Park. The surrounding parkland has a herd of deer, and is regularly used for large-scale outdoor events such as rock concerts, sporting events and festivals such as Splendour.

    Can you visit Wayne Manor?

    Are you looking to visit Wayne Manor? Well the answer is most definitely a yes. The house is now Nottingham Natural History Museum, with Nottingham Industrial Museum in the outbuildings.

    You are able to walk around the grounds for free, although there is a small parking charge on site.

    There are a variety of add-ons, such as private group tours, historical tours, and paid access to whatever exhibit is on display at the time. You can also book it for weddings, perfect for the ultimate Batman fan.

    There are over 90 red and 120 fallow deer at Wollaton. These wild deer are incredible to see, though during the rutting season (September and October), stags are protective of hinds, and during calving season (June and July) deer tend to their young, so we ask the public maintain a safe distance at all times.

    About Wollaton

    So, now you know all about the famous Wollaton Hall and the filming of the Dark Knight Rises, what is it like to live in the area?

    Wollaton itself stretches across a large area, from Torvill Drive and Russell Drive near the Bilborough area in the north, down to Bramcote Lane, Woodbank Drive and Appledore Avenue in the south, stretching as far south as the woodland now called ‘Bramcote Ridge’. West to east it stretches from Trowell Moor and Balloon Woods on the west, across to Sutton Passeys Crescent and the former gatehouse to Wollaton Park, Lenton Lodge on Derby Road in the east.

    The current city ward boundaries divide Wollaton into Wollaton West, and Wollaton East with Lenton Abbey.

    It is considered one of the most desirable parts of the city in which to live, with relatively high house prices. This is largely due to the good quality schools, traditional public houses and good access to the M1 via the A52 to the South and the A610 to the North

    Wollaton Property Prices

    Properties in Wollaton had an overall average price of £323,914 over the last year.

    The majority of sales in Wollaton during the last year were detached properties, selling for an average price of £405,083. Semi-detached properties sold for an average of £249,143, with terraced properties fetching £187,042.

    Overall, sold prices in Wollaton over the last year were 1% up on the previous year and 14% up on the 2019 peak of £284,680.

    Is Gotham a real place?

    We couldn’t mention Batman and Wollaton without also mentioning Gotham, Nottinghamshire.

    Yes, it is a real place and apparently has a connection with Batman.

    It is worth noting, however, that Gotham in Nottinghamshire is pronounced ‘goat-em’, rather than Batman’s ‘goth-am’.

    People in Gotham are accustomed to hearing Batman jokes, but many aren’t aware of its historical connection to the fictional Gotham City. So how did a sleepy Nottinghamshire settlement lend its name to a city of crime and corruption?

    Gotham is now a friendly village popular with families, but a few hundred years ago its residents had a reputation for “madness”.

    One story goes that King John, also the villain in the legend of Robin Hood, was due to travel through Gotham on his way to nearby Nottingham.

    Any road the king travelled on would become a public highway, so the villagers are said to have feigned madness to deter the king – as it was thought to be infectious.

    Their absurd acts included building a fence around a bush to prevent a cuckoo escaping, and attempting to drown an eel in a pond.

    The trick worked, leading to the saying: “There are more fools pass through Gotham than remain in it.” Villagers were also dubbed the Wise Men of Gotham.

    The American author Washington Irving became aware of the tales and was the first person to link Gotham in England with New York in the US.

    He repeatedly referred to Manhattan as Gotham when writing, in 1807, in the Salmagundi papers, a satirical periodical mocking New Yorkers.

    Although the city and village have not been twinned, the former mayor of New York sent a letter wishing Gotham well and acknowledging the link between the two places.

    Looking to buy or sell in Wollaton or Gotham?

    Talk to Benwell Daykin estate agents on 0115 990 2007.

    Alternatively you can email us via our contact page.

     

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    Easter Colouring Competition

    Easter Colouring Competition!

    Benwell Daykin’s annual Easter competition is back for children up to 11 years old.

    To enter, all you have to do is download the image, get your best crayons or felt tip pens and let your creative imagination run wild!

    Prizes will be awarded for favourite designs in three categories; Under 5s, 6-8 years old and 9-11 years old.

    Download Here

    Please ensure you write your name, age and phone number (parent/guardian) on each entry and either post it to our office or deliver it by hand before Good Friday.

    Sponsored by FYSLA Nottingham Chauffeurs.

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    House prices continue to grow

    The average UK asking price of a home has reached a record £323,530.

    Prices roses by 1.1 per cent in September 2020 which now means prices are 5.5 per cent higher, or £16,818, than the same time last year.

    Experts are suggesting that growth will continue up until the new year where it could peak at 7 per cent.

    Reasons for this boom in prices could be due to stamp duty cuts, pent up demand post lockdown and households seeking more space now they are working from home.

    Sales agreed are also up for October. They are 58 per cent higher than the same time last year.

    Average house prices across Nottingham currently stand at £159,100.

    Source: Rightmove

    How much is your house worth?

    Find out how much your property is now worth by calling our sales team on 0115 990 2007. You can also email us on info@benwelldaykin.co.uk.

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    House prices surge 7.3% in just one year

    According to Halifax, the average UK house price now stands at £249,000; nearly a quarter of a million pounds.

    Rising activity in the housing market, post COVID-19 lockdown, has pushed prices up by 7.3% in the last 12 months.

    Halifax is the country’s biggest mortgage lender and recently they have seen record numbers of mortgage applications. Both first time buyers and home movers have pushed applications to their highest levels since 2008.

    Adding to this positive news, Boris Johnson yesterday announced that he would make more 5% mortgage deals available to first time buyers. Although there are more risks involved with lower deposits, more people should now soon be able to get their foot on the housing ladder.

    Demand for mortgages and higher property prices are likely to be a result of pent-up demand after lockdown, as well as stamp duty cuts and home workers looking to upsize.

    Sales agreed are also up considerably. BriefYourMarket.com report that properties reaching ‘Sold Subject to Contract’ are up 328% in September 2020.

    Benwell Daykin Estate Agents are seeing a huge increase in buyer demand but a lack of new properties coming to market for sale across the whole of Nottinghamshire. This is echoed by the data provided by Halifax. Due to lack of stock, more buyers are competing for the same home and prices are rising.

    How much is your property now worth?

    If you’re considering moving then now may be the perfect time. How much is your property now worth? Call our sales team on 0115 990 2007 or email info@benwelldaykin.co.uk. Alternatively, you can use the valuation form below.

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