Reeds Rains Property Blog

Property News from Reeds Rains

Buy-to-Let Index - May 2015

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Rents driven to new all-time record by divergent south eastern regions

  • Residential rents up 4.5% year-on-year across England and Wales, powered by three southeast regions
  • Average monthly rents hit new record at £778 – boosted by £1,207 in London and £819 in East of England
  • Steady picture for landlords, with gross rental yields of 5.1% unchanged from April 2015 and May 2014
  • Some tenants still feel financial pressure, as late rent shows a spike in May – 7.7% of all rent in arrears

Rents across England and Wales are now 4.5% higher than a year ago, as accelerating rent rises in London, the East and the South East diverge from other regions, according to the latest Buy-to-Let Index from Reeds Rains.

As of May 2015, the average residential rent across England and Wales now stands at £778 per month.

This is 0.5% higher than the previous £774 record set in April, and 4.5% higher than the £745 seen a year before in May 2014.

Adrian Gill, director of estate agents Reeds Rains comments: “Rent growth has shifted up a gear in the space of just a few months. As recently as October annual rent rises were just 1.5% – so this pace of growth has tripled since then.

“Household incomes are now finally heading upwards, at least for the majority, so a good number of tenants can afford to pay more. That is starting to remove what had been the main factor holding back market rents.

READ THE FULL REPORT HERE.

Reeds Rains celebrate Formby beach award

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Beach Party: Reeds Rains Formby Celebrate

The National Trust has created a list of their top six best beaches for people to enjoy and visit in the UK and Formby beach on Victoria Road has been named number four. To celebrate this, local estate agent Reeds Rains is highlighting that they have a range of properties available in Formby where people can take advantage of the tranquil surroundings Formby beach provides.

Formby beach is one of the top UK picnic spots according to the National Trust and successfully beat Brancaster beach and Sandy Mouth in Cornwall.

Peter Edwards branch manager for Reeds Rains Formby says: “Formby beach is a well-known beauty spot and it is great that it has been recognised by the National Trust in this way. The beach has dramatic sand dunes, surrounded by sweeping coastal pinewoods and the coastal area is home to a range of wildlife where you can discover many species of plants and animals in the grassland, sand dunes, and the beach which provides many popular activities for families.

The community is brilliant and everyone works together to maintain the local area which strengthens its appeal.

At Reeds Rains we have a list of buyers who are interested in property in this area and we are encouraging sellers to visit our branch to find out how they can take advantage of our local expertise to achieve a successful sale.”

 

St Georges Road, Formby

 St Georges Road, Formby

A substantial detached property located in a sought after area close to Formby High School and a short distance from the beach. This five bedroom detached property offers spacious family accommodation comprising of three reception rooms, kitchen, utility and conservatory. The first floor includes five bedrooms, two with En Suite facilities and a family bathroom. To the rear of the property is a large enclosed garden with feature pond and open views. To the front is a graveled sweeping driveway with ample room for parking and access to two garages. This property is ideally situated for Formby and all local amenities and schools. 

To arrange a viewing, simply contact the local team at 18 Chapel Lane, Formby, Liverpool, L37 4DU or telephone them on 01704 878545 (*)

 

(*) Calls maybe recorded for training and/or monitoring purposes.

Keep your home cool

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A heat wave is upon us and temperatures are expected to reach more than 30 degrees this week - take a look at our top tips to keep your home cool.

  1. Keep blinds and curtains closed.
  2. Keep doors inside open to allow air to move freely around your home.
  3. Swap your duvet for a thinner one and use cotton sheets.
  4. Many household appliances such as ovens generate heat, try to minimise use and keep other appliances turned off unless they are in use.
  5. Hang a wet sheet in front of windows to bring down the room temperature.
How do you keep your home cool? Let us know on Facebook and Twitter.

How to throw your own mini festival…

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So you didn’t manage to get tickets to Glastonbury? Why not hold your own festival party instead…

The Guest List

Who are you going to invite? Put together your guest list, if you’re feeling creative you could even send out tickets or wristbands for a real festival experience. Think about whether you’re going to have a theme or fancy dress too. 

The Venue

Turn your garden into the perfect festival setting. Make sure you have an area for music, chilling out, food and drink bar and some tents for sleeping in. If you have a shed you could even turn this into a silent disco venue. 

When it comes to decorating think bunting, fairy lights and places to sit. You could scatter around some blankets or cushions or if DIY is your thing you could create some furniture from old, unused wooden pallets.

Take a look at our Pinterest board for some inspiration

The Food and Drink

Festivals are known for their tasty and filing food, people queue for hours to get their hands on some tasty treats from the food vans. When putting together your spread ensure sure you include festival favourites such as burgers and hot dogs.

The Music and Entertainment

Create your own music playlist or you could even watch the live Glastonbury coverage on TV. If you know a band or entertainer you could even get them to come along and play a few tunes.

These properties with gardens would be perfect for holding your own mini festival…

  

Reeds Rains wins silver at prestigious letting agency awards

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From the left: Paula Radcliffe English long-distance runner, Corelia Moseley national lettings director Reeds Rains ,Oliver Blake managing director Reeds Rains, Sharlene Palmer, corporate accounts manager Zoopla

 

Reeds Rains has been successful at the Lettings Agency of the Year Awards 2015 where it won Silver for Best National Lettings despite tough competition from some of the leading names in the market. The Awards, sponsored by The Sunday Times and Times, are some of the most sought after in the lettings industry and to be acknowledged as a winner is seen as a major triumph and reflects the professional services available for tenants and landlords from Reeds Rains.

The award is testament to the fact that Reeds Rains combines the best services that would be expected of a large corporation but with the more personal approach of a small independent agency. Customers for example, can be assured that they will obtain advice so that they fully understand the contracts and their obligations with the added advantage landlords will know the tenants will be reliable residents paying rent on time. 

The judge’s report from the awards commented on Reeds Rains’ national approach to lettings: “Reeds Rains’ overriding belief is one of providing local expertise, and the directors endeavour to stay true to the principles put in place by founder, Samuel Reed, nearly 150 years ago. Investment in technology and internal infrastructure has improved the customer experience and the team is committed to providing outstanding customer service. They have updated the website and there is an extensive branch refurbishment programme currently in progress. Value added services include extended opening hours, flexible viewing appointments and a single point of contact for property management. Their Landlord and Tenant portal gives clients online access from any device so they can see payment statements, copies of key documents and progress of maintenance issues. Employee confidence has improved as they have access to the right tools to get the job done, and can deliver on the brand philosophy of offering clients the reliability of yesterday with the relevance of today.”

Corelia Moseley national lettings director at Reeds Rains in says: “These awards emphasise Reeds Rains as a professional residential letting agent landlords and tenants can trust. We take full responsibility for every client interaction so as a landlord you can be reassured we will manage and protect your investment, and as a tenant, you have a hassle free route to renting a home. Tenants can take advantage of the many rental properties we have on offer across the UK. The award is a testament to our genuinely interested approach towards customers which drives our best in class customer service”. 

If you would like to find out how the Reeds Rains team can help you as a tenant or landlord, then visit www.reedsrains.co.uk to find your local Reeds Rains branch.

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