Welcome to your monthly property update!

Firs Park Ave,London N21

A good size (c1700sqft) 4 bedroom semi detached house with a garage and 65ft private...

£715,000

Click here to read Firs Park Ave,London N21 .

Blakesware Gardens, London, N9

A delightful 3 bedroom, 2 reception room, semi detached family home with well proportioned...

£595,000

Click here to read Blakesware Gardens, London, N9.

Buyer affordability is improving

There is always a wonderful reason to move. Property is beautiful, from the details of a feature fireplace to a view of the sunset over your garden. The right home is an investment and a place to make memories and profound emotional connections. You may have your heart set on the perfect kitchen or an idyllic outdoor space, but the numbers need to be right.

Lower asking price
Asking prices have decreased in recent months, however this should not be viewed as a bad thing. The rapid acceleration in the value of property has been hasty, and world events have somewhat exaggerated things. The fact that the property market is readjusting to a more normal market is healthy, especially considering the steady gradual release of value. It is important to remember that borrowing less overall to buy your home is a good thing, as it reduces other associated costs.

Earnings
Many people are buying together, whether with a partner or a group of friends. This is a quick route to buying your home and gathering a deposit. Nobody can deny that the cost of living has increased, but the good news is that wages are rising. According to the Office for National Statistics, growth in regular pay (excluding bonuses) was 7.2% from February to April 2023.*

Equity
How long have you lived in your home? It’s more likely the longer that time is, the more equity you’ll have. That equity has accelerated rapidly in recent years. There is probably quite a big cushion to fall back on if prices fall a bit more. First-time buyers' homes are in good demand, meaning even if you bought within the last few years, you will have gained a lot of equity, giving you the chance to move into something bigger.

Communicate with your agent
There are no hard-and-fast rules when it comes to property. All homes are unique, as are the different areas in your region. Your needs as a home mover are different from your neighbour's. And today, agents have the means to connect you with buyers and sellers like never before. State-of-the-art tech, in the form of databases and marketing tools, alongside good old-fashioned experience and local market knowledge make it all the more important to get in touch with a reputable estate agent. Ultimately, this means that your estate agent is pivotal in finding a way for you to get the keys to the home you want.

Find your dream property, get in touch to make it a reality

Office for National Statistics*
Moneyfacts*

Which sectors should landlords invest in?

As of July 2023, an average of 187 prospective tenants registered with agents, compared to just 127 in July 2022.* This surge in demand is not limited to any particular sector. Whether you're considering apartments, terraces, or converting existing properties into flats, now is as good a time as ever to invest. It’s no secret that the industry is going through an overhaul, and things are not as simple as they use to be. But if you stop to take a look around, there are so many opportunities right now that promise a profitable future for landlords.

Compact living spaces
Investing in compact living spaces is a smart move in today's market. Apartments and smaller homes are experiencing a surge in popularity, driven by young professionals and couples seeking convenient urban living. The same can be said of places in more rural locations. The appeal of these spaces is better energy efficiency, lower bills, affordability, easy maintenance, and a great choice of locations.

Energy-efficient family homes
Creating energy-efficient family homes is a win-win scenario for landlords. Not only will you contribute to a sustainable future, but you'll also attract a larger pool of tenants. In an era where environmental consciousness is on the rise, energy-efficient properties are in higher demand than ever before. Tenants are willing to pay a premium for homes that offer lower utility bills and reduce their carbon footprint. This demand translates into higher rental income, ensuring that your investment covers its costs and generates substantial returns.

Student accommodation
The student accommodation sector is experiencing a remarkable surge in demand and growth rates. As a result, student rents have surged by an astounding 30% compared to 2022.** This sector's resilience is driven by the constant influx of students seeking quality housing near educational institutions. By investing in student accommodation, you tap into a market that promises both steady rental income and long-term growth potential.

Holiday lets
Holiday lets are another lucrative avenue for landlords in the UK. Whether you choose a cosy city apartment or a spacious rural retreat, there's immense potential to earn substantial returns. The flexibility of holiday lets allows you to occasionally enjoy your property while reaping the financial benefits the rest of the year. The allure of staycations has further boosted the demand for holiday rentals, making it a prime investment opportunity.

The right guidance is the key to success
The landscape for landlords is changing. It’s never been more imperative to conduct your buy-to-let business by the book. The right guidance in sourcing and managing your property, combined with taking care of tenants, is a full-time job. Managed letting services are becoming essential. Keeping you from falling down any legal pitfalls, managing your property’s maintenance, referencing tenants, and so much more. Conditions and rights for landlords are set to improve with new legislation, such as the Renters Reform Bill. Making such legislation advantageous for landlords with the guidance of a good agent involves compliance for a better future for tenants and landlords. The right letting agent will keep you one step ahead, so your buy-to-let investment thrives.

Property mark*
Natwest**

Is there such a thing as a good time to move?

The best time to move is not always down to the seasons or market conditions, it’s down to you. The truth is, there are good reasons to move at any time of the year. Autumn brings about that lovely feeling of vibrancy and freshness with a multitude of colours, which can make you crave the change a new home brings. Winter is also on the horizon, and let's be honest, the countdown to Christmas has started. As the days grow shorter and darker, festivities like Bonfire Night, and Christmas focus our thoughts on cosy nights by the fire. But your moving story is as much about you as it is about your home.

Your home’s story is intrinsic to you
You may have improved your home over the years. Perhaps you have concentrated on making it more energy efficient. Have you developed a really good outdoor space or bought in an up-and-coming area? Even if you have purchased a modest property in the past five years, it will have increased in value considerably. Maybe you have outgrown your home or found that it’s too big for what you need today.

Invest in time
Today, many people are obsessed with the value of their homes, however time is also important. When you buy, you will no doubt keep your home for many years, and if you have owned your current home for a while, then you potentially have good equity. This may decrease in the short term but will increase in the long term. Using the services of a skilled agent who can judge the market will ensure you pay the right price for your property.

Delaying your purchase could cost you
It’s tempting to put off the decision to buy if you are concerned about property prices, but the reality is that rising mortgage costs could cancel out your savings while waiting for property prices to fall. Add to this, the long-term increase in the value of your new home as property prices begin to increase again, and you end up costing yourself even more money.

The property market
The UK property market is very resilient. Prices and interest rates change, but the long-term outlook is still one that spells out housing shortages which helps keep the market stabilised. Your home is in demand because of this shortage. However, there is still a varied and ever-fascinating selection of properties on the market. From grand ecological, energy-efficient designs, to humble terraced properties.

The right home
The perfect location, the sunrise in the morning, the fire at Christmas, the blooming garden in the spring or perhaps a house with greater energy efficiency. Whatever the reasons are for falling for a property, there are so many advantages to living in the right home. From finding more space to work from home, to simply reaping the rewards of a better sense of well-being; the right home can be financially advantageous.

Planning your future
Finding the right location that works for you and your family is important. Whether it is a better life in the country or an easier commute to school or work, agents are always worth talking to. Immersed in the latest property trends and in constant communication with buyers and sellers, there is no better source for information and providing a means to your dream property.

Book a valuation to explore your property options

Some questions you might not ask your agent when moving

You know the feeling. It happens during so many important events in life. You go on a viewing, it’s such an interesting and exciting process that you become a little flustered. You walk from room to room, loving what you see. You are enamoured and excited, so you forget to ask an important question. While you can always contact your agent at any time to gain more information, it's important to remember that your agent is an invaluable partner in your moving journey. So here are a few questions that you might not think to ask to add to your list.

If you are selling

How long will it take to sell my home?
Your agent is an expert in the market and area you want to buy or sell. So, while your agent can’t look into a crystal ball, they will be able to give you a good indication of how long it will take to sell your home. Agents are also dialled into local property trends. Your home is unique and may sell quickly.
What are the terms of your contract?
It’s important to communicate with your agent about all aspects of your move and never be afraid to ask too many questions. Different agents offer varying contracts, so it’s important to know the terms of yours. Talk to your agent about your individual requirements, and a good agent will meet your needs, and create a contract which will reflect them.
How quickly will my home appear on the market?
A good agent will value your home at the right price and take care of all marketing swiftly, from photographs to getting your property advertised. Estate agents today have a vast database of buyers ready to buy. Add to this the vast number of home movers that agents are in daily contact with, and chances are they may already have a buyer for your home in mind. And when it’s time to accept or reject an offer, your agent will keep you on the right path.

If you are buying

What is this area like to live in?
Whether you need to know the proximity to local transport links, schools, or places to carry out your hobbies, your agent will know. They will have sold properties and dealt with many clients in the area you want to move to or from. You will want to enjoy your new life as much as possible, and your agent will answer other key questions, such as where you can find the nearest good pub!
Can you help me negotiate an offer?
When it’s time to make an offer, a good agent is invaluable. Their vast market knowledge and experience when it comes to judging the market and the condition of the property in question are crucial. Ultimately, it’s your choice, but with the right guidance, you can pay the right price for the home you want.
If I improve the property, how much value will it add?
Whether you have already made some alterations or are thinking of buying a home with a view to updating it, your agent can tell you all you need to know. It could be that you are interested in making small improvements, like painting or decorating. Or you may decide on a grand design with the very latest in energy efficiency. The same goes if you add an outdoor space, a new kitchen, or convert the attic. Sometimes it’s better to get this information before you buy to see which property will give you the biggest returns.
From your mortgage to your big move
Modern estate agents can help with every aspect of your move, from getting the right mortgage to discovering a great buy-to-let investment. You will have many questions and maybe a few concerns. Moving can be stressful and full of legal pitfalls. You want every aspect of your new home to work for you, and a good agent can make that happen while supporting you, making for a happier home-moving experience.

Winchmore Hill

A spacious 3 bedroom, 2 reception room, semi detached family home occupying a sizable plot in a very sought after location offering bright...

£850,000

Click here to read Winchmore Hill.

Winchmore Hill

This 3 bedroom, 3 reception room, semi detached unmodernised house allows the buyer to create a property to their own choice and specification...

£725,000

Click here to read Winchmore Hill.

Newbury Park, IG2

Situated in a popular residential turning of Newbury Park is this well-proportioned two bedroom Victorian ground...

£250,000

Click here to read Newbury Park, IG2.

Winchmore Hill, N21

An unmodernised 2 bedroom, first floor maisonette with its own street access set in a quiet backwater close to...

£385,000

Click here to read Winchmore Hill, N21.

Winchmore Hill, N21

A beautifully presented 2nd floor 2 bedroom purpose built apartment in a private block offered...

£335,000

Click here to read Winchmore Hill, N21.

Winchmore Hill, N21

An unmodernised 2 bedroom, first floor maisonette with its own street access set in a quiet backwater...

£385,000

Click here to read Winchmore Hill, N21.

February 2024 is bringing a fresh breeze of buyers and sellers

With a greater sense of optimism in the air, lowering mortgage rates, and a compelling choice of properties to entice you, the UK property market is feeling good. A new year always brings new trends, fresh ways of buying, interesting properties, and a fresh influx of homemovers. Now is a good time to open your mind to the endless possibilities.

Mortgage rates are falling below 4%
With sub 4% mortgage rates making a welcome appearance on the mortgage market, homemovers are excited and relieved. For many years, mortgage rates were unrealistically low, and this has created the perception that today’s rates are higher than they actually are. Mortgage rates will not in the foreseeable future return to super-low levels, and those who know this are making their moves and getting increasingly better deals. After all, you can always change your mortgage deal in a couple of years.

Homes finding new owners
More buyers means more sellers, and all bring their properties to the market at some point, for you to buy, or for them to buy yours. This hive of activity keeps the market buoyant at this time of year. Spring is just around the corner, and this is often one of the best times of the year to move thanks to longer days, and warming weather to enjoy viewings. If you decide to join the party, your agent’s database will be teeming with homemovers and may already contain the right buyer for your home.

New trends
Create your perfect work-from-home space by selling up and moving to your dream location. Making the most of your home’s equity by purchasing a buy-to-let investment or holiday let is still a very appealing option. First-time buyers can spend up to £600,000 with a 5% deposit thanks to the Mortgage Guarantee Scheme, which has been extended until June 2025. Sustainability, energy efficiency, compact living, and smart technology are also growing in popularity.

A settling market
If you are a buyer, better mortgage deals and solid pricing that represent good value put you in a good position to move, thanks to a slowdown in house price inflation in 2023. You will get a good price for your home if you are selling, and you will enjoy good value if you are buying. These are ideal conditions for finding a great property and settling down. When the property market feels calm, it makes for a more pleasant moving experience. With good guidance from an experienced agent, moving home does not have to be a stressful experience.

Inspirational properties
Sustainability and energy efficiency are blended with fun and functionality, defining your spaces but allowing them to feel connected. The growth of smart homes and smart energy, fitted with smart appliances, promises to make your life easier. Features such as glass roofs and glass-door walls, with modern, clean designs leading to homely outdoor garden spaces, even in compact homes, make for inspirational viewings. Architectural styles from every era offer space with style and a sense of timelessness with modernity in magical settings.

ABBA Voyage / 18 April 2025

ABBA invite you to transcend the physical world and join them on the digital plane with this landmark concert experience.

Click here to read ABBA Voyage / 18 April 2025 .

WINCHMORE HILL

DABORACONWAY are pleased to present this one-bedroom apartment located on the top floor of this conveniently located Winchmore Hill development

£280,000

Click here to read WINCHMORE HILL.

Chadwell Heath

Ground floor two bedroom flat located in a modern purpose built block within 1 mile of Chadwell Heath Elizabeth Line station.

£262,000

Click here to read Chadwell Heath.

The Effect of Economic Uncertainty on Property Transactions

Economic uncertainty can have a profound impact on the property market, influencing buyer confidence, mortgage rates, and transaction volumes. Factors such as inflation, interest rate fluctuations, and global economic trends all play a role in shaping the housing landscape.

Market trends amid uncertainty

When financial markets are volatile, many buyers and sellers take a cautious approach. High inflation and rising living costs can reduce affordability, leading to a slowdown in property transactions. Conversely, falling interest rates and government interventions can stimulate the market by making borrowing more attractive. Rightmove reports that despite economic challenges, UK house prices are forecast to rise by 4% in 2025, suggesting continued demand in key areas.

Opportunities in uncertain times

For buyers, periods of economic uncertainty can create opportunities to secure better deals. Sellers, on the other hand, may need to be more flexible on pricing to attract buyers in a cautious market. Working with an experienced Estate Agent can help navigate these conditions effectively.

Stay ahead in a changing market

If you’re planning to buy or sell in 2025, expert guidance is key.

The Impact of Climate Change on UK Housing

As climate change accelerates, its effects are becoming more visible in the UK property market. From increased flood risks to stricter energy regulations, homeowners and buyers must consider environmental factors when making decisions.

Changing weather patterns and property risk

Flood-prone areas are seeing greater scrutiny from mortgage lenders and insurers. Buyers are now more cautious about properties in regions vulnerable to extreme weather. Zoopla reports that demand is shifting towards homes in lower-risk areas, particularly in regions investing in flood defences and climate resilience.

Energy efficiency and sustainable housing

Stricter environmental regulations are pushing homeowners to improve energy efficiency. Properties with high EPC ratings are not only more attractive to buyers but may also command higher prices. Government incentives for green home improvements make now a good time to invest in sustainability upgrades.

Future-proofing your property

Understanding the environmental impact on housing is essential for buyers, sellers, and investors. If you’re looking to future-proof your property.

Speak to our team for insights on sustainable home improvements and climate-resilient locations.

How AI and Big Data Are Transforming Real Estate

Technology is reshaping the property market, with artificial intelligence (AI) and big data playing a key role in improving decision-making, property valuations, and customer experiences. These innovations are making property transactions faster, smarter, and more efficient.

Smarter property searches and valuations

AI-powered platforms are helping buyers find properties that match their needs more accurately. Automated property valuations use big data analytics to provide real-time market insights, giving sellers a clearer picture of their home’s value. Rightmove’s latest tools now use predictive analytics to help buyers understand future price trends.

AI-driven efficiencies for buyers and sellers

From virtual property tours to AI-assisted mortgage approvals, technology is streamlining the home-buying process. Estate Agents are also leveraging AI-driven marketing strategies to connect properties with the right buyers faster than ever before.

Navigating the future of real estate

If you want to take advantage of the latest real estate technology, get in touch. We can help you use data-driven insights to find, sell, or invest in property with confidence.

Shared Ownership vs. Traditional Buying: Which Is Better?

With rising house prices and increasing mortgage rates, many buyers are considering alternative routes to homeownership. Shared ownership has emerged as a popular option, but how does it compare to traditional buying?

Affordability and accessibility

Shared ownership allows buyers to purchase a portion of a property (typically between 25% and 75%) while paying rent on the remainder. This can make getting onto the property ladder more affordable, as deposits and mortgage payments are lower. Traditional buying, while requiring a larger upfront investment, provides full ownership and long-term equity growth.

Flexibility vs. long-term investment

Shared ownership offers flexibility, as buyers can increase their stake in the property over time. However, reselling a shared ownership home can be more complex than selling a fully owned property. Traditional homeownership provides greater control over modifications and potential market value increases.

Which option suits you best?

Choosing between shared ownership and traditional buying depends on your financial situation and long-term goals. If you’re exploring your options, contact us for expert advice on finding the best path to homeownership.

Book a valuation for expert guidance on the next steps in your home-buying journey