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Ask the Expert - Balfours head of sales, Alistair Hilton

I have a cottage that has just come available, holiday lets are not compatible with the farm business, I do not know whether to let it or sell it?

The residential sales market has been operating at above average levels now for almost 12 months. Most properties launched are witnessing good levels of interest with most bids coming in at asking price and of course many at above. We are also launching some properties to market as already ‘under offer.’ So, if a sale is right for your capital assets, without doubt now is the time to take advantage of a strangely strong market.

Recent research on properties in the SY3 postcode shows three and four bedroom homes had risen by a staggering average of 14% over the last 12-month cycle. Although by itself this could cause one worry as it is not sustainable on a year-on-year basis, the fact that we are still well priced compared to the Chesters, Gloucesters and Cheltenhams of this world, gives me some comfort.

As a result, my team are thoroughly plugged in unearthing all potential leads that are core to our portfolio of clients, on brand and ready for the not insignificant stack of buyers, both on our database and in the market, many of whom are seeking to move in from outside the county, further endorsing Shropshire’s value for money.

We would be delighted to hear from you, but of course should you decide letting is the answer, head of lettings, Jackie Monro, has a strong portfolio of potential rural tenants. This together with comprehensive checks will assure you, as landlord, that all is legally correct. Beyond that initial letting there is the option of management bespoke to individual landlord needs.

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