An extension could add £91,850 to the value of your Shefford home

As our families grow bigger the need for more space, be that bedrooms or reception  rooms, has grown with it.  Also, as our older generation lives longer and nursing home  bills continue to rise quicker than a rocket on the 5th of November  (the average nursing home bill in the area being £760 per week) many families are bringing two households into one larger one. Should you move somewhere larger, or extend your Shefford property to make it large  enough for you and your family? In some circumstances the choice has been made for you. If you live in an apartment  with no garden, there is not much of an opportunity of making it larger.    However, if  you have a house with a garden or an attic with sufficient headroom, extending your  home becomes a real prospect. Even if it makes more sense to extend or move, the choice hangs on a number of different dynamics – your future plans, money (both saved and access to finance), in what way you are emotionally attached to your home, the particular area of…

Looking to invest in Shefford – three bedroom properties in demand

Our Satchells sales team in Shefford have just stated marketing this attractive and re-furbished three bedroom cottage with an asking price of £270,000. This property is extended to the rear and appears to have been improved to a very high standard and now has a modern fitted kitchen and bathroom.  Outside it has a South…

Shefford Private Rents Hit £15.02 per sq. foot

As I am sure you are aware, one the best things about my job as an agent is helping Shefford landlords with their strategic portfolio management. Gone are the days of making money by buying any old Shefford property to rent out or sell on. Nowadays, property investment is both an art and science. The…

My thoughts on the future of the Shefford Buy-To-Let Market

I was recently reading a report by the Home website which suggested that hordes of landlords are selling their buy-to-let investments due to increasing burdens on them in the buy-to-let market. The findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a…

Merry Christmas! Here’s to a great 2018 in Shefford!

  I would like to wish you and your families / friends a very Merry Christmas!  I hope you have had a great year and look forward to talking to you about the Biggleswade property market and working with you in the New Year!

Shefford House Prices Outstrip Wage Growth by 18.91% since 2007

I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the…

Shefford Buy-to-Let Return / Yields – 1.8% to 6.9% a year

The mind-set and tactics you employ to buy your first Shefford buy to let property needs to be different to the tactics and methodology of buying a home for yourself to live in. The main difference is when purchasing your own property, you may well pay a little more to get the home you (and…

Decreasing Numbers of Younger Homeowners in Shefford

Tom Smith, 35-year-old father of two from Shefford, was out house hunting.  It was a pleasant August Saturday afternoon and our man cycles along on his bike. He cycles up a street of small cottages, where he spots a few retired mature neighbours, chatting to each other over the garden fence. He leans his bicycle…

Shefford Property Market and Mysterious Politics of the General Election

The dust has settled on the various unread General Election party manifestos, with their ‘bran-bucket’ made up numbers, life goes back to normal as political rhetoric on social media is replaced with pictures of cats and people’s lunch.  Joking aside though, all the political parties promised so much on the housing front in their manifestos,…

Shefford’s 403 Mortgage Time-Bombs?

According to my research, of the 4,816 properties in Shefford, 1,869 of those properties have mortgages on them.  86.9% of those mortgaged properties are made up of owner-occupiers and the rest are buy to let landlords (with a mortgage). However, this is the concerning part, 403 of those Shefford mortgages are interest only. My research…

Holidays!

I’m off on holidays from Monday for a couple of weeks – hoping to need to use these in some UK sunshine! Normal service will be resumed from mid-August. In the meantime if you would like any information about the Shefford property market and lettings in general or need some advice, please call us on…