Friday, 21 February 2025

The Semi Detached Home

 

The Rise of the Semi-Detached Home in Huddersfield

The Rise of the Semi-Detached Home in Huddersfield

For over a Century, the semi-detached house has been the backbone of the UK property market. More spacious than a terraced house but without the hefty price tag of a detached home, it strikes the perfect balance for families and first-time buyers alike. In many ways, it offers the best of both worlds—a sense of space and privacy while remaining more affordable than its detached counterparts.

 

One of the key reasons for its enduring popularity is its curb appeal. The design of a semi-detached home often makes it look larger than it actually is, creating an aspirational step up from a terraced house without stretching the budget to full detachment. 

 

Over the last 30 years, the average price of a UK semi-detached home has skyrocketed from £51,533 to £297,738—an astonishing rise of 477.7%. This outpaces many other property types and reflects just how desirable these homes have become.

 

If you're curious about the trends in Huddersfield detached homes, semi’s, terraced houses, or apartments—or simply want to chat about where the market is heading—feel free to get in touch on 01484548126

 



Tuesday, 11 February 2025

The Renters' Rights Bill and How It Affects You

 

Important Update: The Renters' Rights Bill and How It Affects You

 

Dear Valued Client

As the Renters' Rights Bill moves closer to becoming law in 2025 following its second reading in February, it's essential to understand how these changes might affect you as a landlord. We want to ensure you stay informed and compliant while continuing to manage your rental properties efficiently.

Here's a brief overview of the key points and how our flexible letting services can help to keep you compliant and protected.

 

Section 21 Abolition

No-fault evictions will end, but landlords can still reclaim properties under new grounds, such as selling or moving back in to the property.

What this means for you

Very little change. The new grounds under Section 8 will cover nearly all cases where you would have used Section 21. In our branch, most Section 21 notices could be replaced with Section 8.

How we can help

Although the details are still being worked out, Our team will keep you updated when more is known. Our team will also keep the transition smooth, handling the changes in processes for you.

 

Court Delays

Concerns about delays eviction delays are being addressed with clearer grounds for possession, dispute resolution through the Ombudsman, and digital systems expedite outcomes but the impact of this will not be known until the transition occurs

How we can help

Our rent guarantee insurance covers eviction costs and lost rent, ensuring stable income during any delays.  We’ll handle the entire process, from insurance to resolution.

 

Periodic Tenancies

Tenants will have the flexibility to give two months' notice at any time, similar to existing practices in Scotland which has seen minimal impact on tenancy durations.

What this means for you

While tenants can leave with notice, this won’t drastically change how long people stay. If tenants are unhappy, it’s better for them to move on rather than cause issues for you.

How we can help

We’ll manage tenant transitions seamlessly, minimizing disruption and swiftly finding new tenants when needed.

 

Rent Increases

Annual rent increases remain possible as long as they match market rates in the current version of the Bill. Tenants have the option to appeal to a tribunal if they believe that the rent increase is unfair.

How we can help

We’ll support you with market data to justify rent increases, ensuring a fair process that keeps your property competitive.

 

PRS Ombudsman

A new Ombudsman for landlords will  be introduced to handle landlord-tenant disputes and resolve these disputes efficiently, reducing the need for costly legal action.

How we can help

We’ll assist with registration with the Ombudsman and manage any disputes on your behalf, saving you time, stress and ensuring a smooth dispute resolution for you.

 

PRS Property Portal

This new portal will help landlords demonstrate compliance with legal obligations.

How we can help

We’ll ensure you have all necessary documentation to remain compliant, taking the worry out of new regulations and reducing the risk of fines.

 

Pet Requests

Tenants can request pets, however, landlords can require insurance to cover potential damages. Landlords should only refuse if it’s reasonable to do so.

What this means for you

If your property is suitable for pets, you’ll need to allow them with reasonable conditions.

How we can help

We’ll manage pet requests and ensure appropriate insurance is in place to protect your property.

 

Non-discrimination

Landlords cannot discriminate against tenants with children or those receiving benefits.

What this means for you

You can still conduct thorough tenant referencing to ensure you select suitable tenants, but you cannot discriminate based on these categories.

How we can help

Our thorough tenant referencing ensures you find reliable tenants while adhering to regulations.

 

Decent Homes Standard and Awaab’s Law

New standards will set strict timelines for addressing issues like damp and mould.

How we can help

We already comply with similar standards. We’ll make sure we check and highlight whether your property meets these standards. Our proactive approach ensures your property remains in top condition. This will ensure your let remains a safe and desirable place to live, reducing the risk of fines and maintaining tenant satisfaction.

 

No Bidding Wars

Landlords will no longer be able to accept offers above the asking rent.

How we can help

We’ll set competitive, market-accurate rents, ensuring you attract tenants quickly while securing the best possible income.

We’re fully prepared for these upcoming changes and are here to guide you through them. Our experienced team will ensure you remain compliant while protecting your investment. By partnering with us, you’ll have peace of mind knowing your property is in expert hands. Our flexible letting services are designed to keep you compliant with all new regulations, safeguarding your investment and simplifying the process- essentially if you are not a fully managed client now is the time to talk to ourselves.

 

We look forward to continuing to support you, for more information, please visit: https://www.whitegates.co.uk/landlords/letting-compliance/

 

Best Regards

Chan Khangura BA (Hons) DipRLM MARLA MNAEA

Proprietor & Managing Director Whitegates Estate Agents Huddersfield, Brighouse & Holmfirth

Proprietor & Managing Director Whitegates Pontefract & South Elmsall

Owner Whitworths Managing Agents, Let Two, CMK Lettings, Easy Lettings Northwest, McField Lettings Brighouse, Linden Lettings, & Local Properties Pontefract

https://whitegates-huddersfield.homesearch.co.uk

https://huddersfieldproperty.blogspot.com

Friday, 7 February 2025

Interest Rate Cut

 The Bank of England has reduced interest rates to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s nine policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%, highlighting the ongoing uncertainty surrounding the UK economy.

The Bank of England has revised its economic growth forecast for 2025, now predicting a 0.75% expansion, down from an earlier estimate of 1.5%. The impact of this rate cut will be felt across the financial landscape, potentially easing borrowing costs for mortgages and loans while simultaneously reducing returns for savers.

The decision is widely seen as a positive step for the British housing market. Lower borrowing costs could improve affordability, providing a confidence boost for homebuyers and those looking to remortgage. The number UK home sales in January 2025 was just under 20% more than January 2024. That, alongside increased buyer registrations at the start of the year. However, while sentiment may improve, the immediate effect on mortgage rates is expected to be gradual, as lenders respond cautiously to the new environment.

The timing of the rate cut is also significant, as the April’s stamp duty threshold changes approach. The market has already seen a surge in activity from buyers looking to complete purchases before the new rates take effect. The combination of lower interest rates and impending tax changes may accelerate decision making among those on the fence about moving.

Looking ahead, the trajectory of further interest rate reductions will depend on broader economic stability. Inflation, although lower than last year, remains a key factor influencing future interest rate policy. While there is optimism that additional cuts could follow in 2025, economic volatility means nothing is guaranteed.

For now, the latest rate cut is expected to provide a boost to property market confidence. The property sector, already showing signs of resilience, could benefit from improved affordability, though sustained growth will depend on wider economic conditions and how quickly lenders adjust mortgage rates in response.

Wednesday, 5 February 2025

The UK Property Market is Buzzing – But Realistic Pricing Still Reigns Supreme

The UK Property Market is Buzzing – But Realistic Pricing Still Reigns Supreme

The UK Property Market is Buzzing – But Realistic Pricing Still Reigns Supreme

Great news for homeowners and buyers alike – the UK property market is off to a flying start in 2025! In January alone, there were 20% more homes sold subject to contract compared to the same time last year, with 98,978 properties finding buyers versus 84,509 in January 2024.

This surge in activity reflects growing confidence in the market, and we’ll be delving into the latest Huddersfield specific statistics over the next week. Keep an eye out for our upcoming report where we’ll break down exactly how our local Huddersfield market is performing.

However, while the picture is positive, it’s important to remember that only just over one in two homes that come to market actually end up selling (53% to be exact). This is a crucial reminder that no matter how busy the market gets, realistic pricing remains the key to securing a sale.

If you’re thinking of selling in 2025, now is a fantastic time to take advantage of the market momentum—but make sure your Huddersfield property is priced competitively to attract the right buyers.


Monday, 3 February 2025

Do bedrooms affect the saleability of your home?

 

Bedrooms matter when it comes to selling your home, but not in the way you might think. According to UK Property Market data from Denton House Research, in 2024, homes with three bedrooms have the highest success rate of selling and completing, with 58.9% successfully sold compared to being withdrawn from the market. Two-bedroom homes also perform well, at 56.6%.

In contrast, one-bedroom properties struggle, with just 47.1% completing. Interestingly, larger homes with five or more bedrooms fare the worst, with only 41.2% reaching completion. Four-bedroom homes sit in the middle, at 47.9%.

This insight could be critical if you're planning to sell your home in 2025. For smaller homes, it's important to highlight space efficiency and practicality to potential buyers. If you're selling a larger property, consider presenting it as adaptable and suited to evolving family needs.

The number of bedrooms not only influences demand but may also impact your pricing and marketing strategy. By understanding these trends, you can work closely with your estate agent to position your [home for a faster, more successful saleen itcomes to selling your home, but not in the way you might think. According to UK Property Market data from Denton House Research, in 2024, homes with three bedrooms have the highest success rate of selling and completing, with 58.9% successfully sold compared to being withdrawn from the market. Two-bedroom homes also perform well, at 56.6%.

In contrast, one-bedroom properties struggle, with just 47.1% completing. Interestingly, larger homes with five or more bedrooms fare the worst, with only 41.2% reaching completion. Four-bedroom homes sit in the middle, at 47.9%.

This insight could be critical if you're planning to sell your home in 2025. For smaller homes, it's important to highlight space efficiency and practicality to potential buyers. If you're selling a larger property, consider presenting it as adaptable and suited to evolving family needs.

The number of bedrooms not only influences demand but may also impact your pricing and marketing strategy. By understanding these trends, you can work closely with your estate agent to position your Huddersfield home for a faster, more successful sale.

Looking to sell in 2025? Speak with us at Whitegates to tailor your strategy to the market and make the most of your Huddersfield home's appeal.

Bedrooms matter when it comes to selling your home, but not in the way you might think. According to UK Property Market data from Denton House Research, in 2024, homes with three bedrooms have the highest success rate of selling and completing, with 58.9% successfully sold compared to being withdrawn from the market. Two-bedroom homes also perform well, at 56.6%.

In contrast, one-bedroom properties struggle, with just 47.1% completing. Interestingly, larger homes with five or more bedrooms fare the worst, with only 41.2% reaching completion. Four-bedroom homes sit in the middle, at 47.9%.

This insight could be critical if you're planning to sell your home in 2025. For smaller homes, it's important to highlight space efficiency and practicality to potential buyers. If you're selling a larger property, consider presenting it as adaptable and suited to evolving family needs.

The number of bedrooms not only influences demand but may also impact your pricing and marketing strategy. By understanding these trends, you can work closely with your estate agent to position your Huddersfield home for a faster, more successful sale.

Looking to sell in 2025? Speak with us at Whitegates to tailor your strategy to the market and make the most of your Huddersfield home's appeal.