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Let Market Blooming

21/07/2015

Demand for residential lets is moving into peak season as people focus on summer holidays and making a new start.


Balfours agent, Charlotte George MARLA (Member of Association of Residential Letting Agents) says, now is the prime time for landlords to let any available property, with new employment timed to coincide with the beginning of a new academic year strengthening the market and reducing supply.


Charlotte explains: “We find teachers and doctors often start new employment in late August or September and hence are now searching for new accommodation. The summer holidays is recognised as an ideal time to move before the children go back to school, or start a new school.


“We experienced a 10% surge in demand during this period last year and it is likely to be similar this year, as parents and others plan their accommodation needs for new beginnings in employment and schools.”


According to Charlotte the summer also offers a chance for landlords to present their properties when they are looking their best, with gardens in full bloom looking more attractive, colourful and inviting, and the idea of Al Fresco dining is foremost in people’s minds. If you have a property available for let contact Charlotte George on 01743 277069.

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Regulations raise alarms

15/07/2015

Balfours letting agent, Charlotte George MARLA, is issuing free smoke alarms as a result of new fire regulations. The offer to new clients throughout July comes on the back of changes in legislation to be introduced in October this year.

Charlotte explains: “Landlords have been subjected to many new regulations in recent times, so we want to ensure they remain within the law by giving alarms to all of our new clients during July. It is also important to look after the safety of tenants and we are welcoming this change in legislation.”

The latest figures show that people are at least four times more likely to die in a fire in a home if there’s no working smoke alarm. A simple alarm not only saves lives, it can also save thousands of pounds of damage to a property, plus it is unlikely to earn rent until repairs are completed.

She adds: “The new regulations require landlords to fit a smoke alarm on every floor and a carbon monoxide alarm in rooms where a solid fuel heating system is installed. We can advise on good practice and are encouraging our landlords to prepare now for the new regulations.” 

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Residential market - Sustainable Growth Welcomed

13/07/2015

Figures revealing the average price of a home in the Shrewsbury and Atcham area has increased by five per cent last year, according to the Office for National Statistics, have been endorsed and welcomed by Balfours Property professionals, Shrewsbury town sales manager, Alistair Hilton.

According to Alistair the latest figures reflect Balfours town sales during 2015 to-date. He explains: “We operate across the whole residential market spectrum, with particularly strength in the mid to high end homes.  Without doubt a number of very positive factors are making a difference in the market and more sales are being achieved as a result.

“One of the first green shoots was the stamp duty reform just before Christmas, properties held back by previous thresholds have sold, with purchasers utilising the savings made towards a deposit and increased mortgage. Since then the election has put real certainty and confidence back into the market, this is particularly the case for buy to let properties, on which Labour were proposing draconian legislation.”

In the meantime local commerce is growing, leading to more jobs, salary increases and less unemployment; while inflation has remained low. This greater financial strength and stability has given home owners the confidence to extend and make improvements to their homes; alternatively to take the next step on the property ladder, all of which further feed the local economy.

According to Alistair these factors have contributed to the five per cent growth, which is sustainable. He reflects: “Property owners in the Midlands should not compare themselves with the overheated London market which has leapt 30% in places. While this has been fantastic for London home owners it is not sustainable. The green shoots we are seeing and achieving at 5% is both sustainable and very encouraging for Shrewsbury’s home owners.

“At Balfours the town market is important to us, the figures issued by the Office for National Statistics should be considered as a green light to a market home owners can have confidence to trade in.”

 

 

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Arts and Crafts in North Shropshire

29/06/2015

A classic and stunning 1920s arts and crafts country house, with large garden and paddocks extending to six acres has been launched to the market.

Shepherds Top sits in an elevated position near Wem in north Shropshire, with its wonderful views maximised by classic bays and a stunning reception hall cornering two elevations.  The main house offers good sized rooms with three reception rooms each having wonderful bay windows, there is also a large kitchen, utility, and cloakroom. A one bedroom annex joins the  property with a large kitchen sitting room an additional study and large hall.

Shepherds Top provides four bedrooms with two bathrooms while the annex has a bedroom, large landing and separate bathroom all of which could run with the main house if required.

Clemmie Radcliffe comments: “This is a fabulous family home with distinctive and pleasing arts and crafts design and features. There is an excellent range of schools, both in private and public sector nearby, with Wem just two miles and Shrewsbury nine miles.” Shepherds Top is marketed with a guide price of £750,000. For more information call Clemmie on 01743 353511 or visit www.balfours.co.uk

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Spectacular river town combination

29/06/2015

A spectacular vista to the River Severn is maximised at 75 Underdale Road, Shrewsbury a property which offers a prime location within easy walking distance of Shrewsbury town centre.

Recently redesigned maximising the flow of rooms, with a magnificent kitchen breakfast room at the heart, other ground floor rooms include a lounge, study, utility large pantry.  The master bedroom suite, incorporating dressing room and granite wet-room lies to the north end of the ground floor. There are a further five or six bedrooms on the first floor with one en-suite and a family bathroom; the sixth bedroom is currently used as a kitchenette.  

Agent, Alistair Hilton of Balfours property professionals says, “Externally this property is a gem too, with mooring and fishing rights on the river, integral garage, off street parking and two parallel decked terraces at house and river levels with a west facing mature garden. Between the two, there is also a walled and gravelled front garden with vegetable beds and greenhouse.”

Number 75 Underdale Road is marketed with a guide price of £675,000. For more information call Alistair Hilton on 01743 353511 or visit www.baflours.co.uk

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Weachley Farm House purveying seclusion and views

29/06/2015

Twenty six acres with a stunning 18th century stone farm house, with annex, has been launched to the market by Balfours Property Professionals.

Weachley Farm House is found at the end of a half mile stone track, sitting centrally to its own land and with masterful views over West Shropshire and into the Welsh borders.  Its location in the hamlet of Bromlow is three miles from Worthen, five from Minsterley and 15 from Shrewsbury.

Tim Main, head of sales at Balfours, explains: “This is a superb property for anyone seeking their own very special enclave; the land comprises of eight fields, plus the garden and a pretty pond near to the farmhouse. There is a useful mix of outbuildings including a double garage, workshops and agricultural shed and loose boxes.”

The main farmhouse offers two reception rooms plus a good sized kitchen breakfast room. There are five bedrooms, including the master-room with en-suite facilities. All is well maintained and presented. Weachley Farm House is marketed with a guide price of £875,000. For more information call Tim Main on 01743 353511 or visit www.balfours.co.uk

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