Latest Property News
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% of Homes Privately Rented
The latest Census data reveals the percentage of homes that are privately rented across various UK regions, providing insight into the distribution of private rental housing. Below is a list of each region by the percentage of homes privately rented:
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What the Renters’ Rights Bill Means for Frome Landlords
The Renters’ Rights Bill, recently announced by the Labour Government, introduces sweeping changes to the private rental sector in England. The Bill is not law yet as it needs to pass through parliament, still many landlords may feel apprehensive about these reforms. Yet it’s important to note that much of what the Bill introduces was going to introduced by the Tory’s earlier in the year (yet they ran out of time before the General Election). It has been discussed in detail over the past few months in my articles on the Frome property market.
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The Resurgence of the Frome Terraced House:
Or Has it Ever Been Out of Fashion?
The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder—did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red-brick Britain, is now being rediscovered by modern Frome buyers looking for more than just a place to live. They want a home, a slice of history, and the benefits of ownership that many newer properties simply don't provide.
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Average £ per square foot per month for rentals
Frome's rental market presents fascinating insights for both tenants and landlords, particularly when focusing on the average rental price per square foot. This metric, seldom talked about, offers a valuable perspective on how different areas of Frome command varying rental values. For tenants, understanding the price per square foot is essential for making informed decisions on where to rent, particularly when balancing location, size, and budget. For Frome landlords, this information is vital for setting competitive rental prices, ensuring your Frome property is priced in line with market expectations and optimising yield.
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House Price Rises in the Last 50 Years
The graphic illustrates the staggering percentage increases in house prices across various regions of the UK over the last 50 years. The data, sourced from Land Registry, Denton House Research and Nationwide, sheds light on how each part of the UK has seen unprecedented growth. Here’s a breakdown, listed in order of the size of growth:
