Latest news with #EstateAgents
Daily Mail
6 days ago
- Entertainment
- Daily Mail
Brightly-colored 'Polly Pocket home' hits the market in the UK for $850,000
House-hunters have been left stunned by a brightly-colored, four-bedroom terraced house which has just landed on the market in Brighton, England. The property, which has been likened to 'Polly Pocket's home', is immediately visible from the road, sporting a baby pink exterior with bright yellow accents. But if you think the exterior is bold, just wait until you step inside. The colorful nature does not stop at the door. The interior is full of quirky trinkets and furniture of various shades, with the owner's unique taste evident upon entering. It's a maximalist's fever dream, a celebration of individuality with not a single bit of beige in sight. The walls are decorated in ramshackle, mismatched frames, while the furniture is in bright neon and primary shades. Lampshades in various fabrics and patterns dangle from the ceiling, and even the bathroom is painted a vivacious yellow. The garden hasn't escaped pops of color either, having been painted turquoise, pink and yellow, and decked out with various rainbow furniture. Love it or loathe it, this vibrant home is impossible to ignore and it's naturally left the Internet divided. One user commented: 'The inside looks like it's owned by Polly Pocket.' Another viewer said: 'I'd take this any day over the greige.' Someone else joked: 'That's low key for Brighton.' Another person wrote: 'Go big or go home.' The listing, held by Wheelers Estate Agents for $850,000, describes it as a 'vibrant and spacious' home on a 'charming one-way street'. The property boasts four bedrooms, two bathrooms, two cozy lounges, a spacious and open-plan dining room, and a kitchen. One of the bedrooms appears to be being used as an office filled with fabrics, while a second room is equally pokey and could be used as a study.
Telegraph
21-07-2025
- Business
- Telegraph
House price growth to halve as sellers flood the market
The number of homes for sale hit a 10-year high in June causing property experts to halve their growth forecast. Estate agents had an average of 65 homes on their books last month, with sellers waiting over two months on average to secure a buyer, according to Rightmove. The online property portal said it was halving its growth forecast for 2025 from 4pc to 2pc as a result. The average asking price dropped by £4,531 – or 1.2pc – to £373,709 in July, according to the Rightmove House Price Index. The index measures asking prices, rather than what properties actually sell for. While there is typically a drop in asking prices at the beginning of the summer, largely due to buyers and sellers being on holiday, this represents the largest seasonal decline since the index began in 2002
Yahoo
19-07-2025
- Business
- Yahoo
Three-bedroom home with conservatory in Bitterne Park on sale for £270,000
A three-bedroom terraced house in the sought-after location of Bitterne Park is on the market for £270,000. The property, listed by White & Guard Estate Agents, features an 18ft lounge, dining room, conservatory, and off-road parking. The ground floor of the house comprises an entrance hall, a kitchen, dining room, lounge, and conservatory. The kitchen has a double glazed window to the front, carpeted flooring, and a range of wall and base units with worktops. Lounge with fireplace, double glazed window and door opening into the conservatory (Image: White & Guard/Zoopla) There is also space for a cooker, washing machine, and fridge freezer. The dining room, with its laminate flooring and radiator, has a double glazed window to the front. READ MORE: 1930s home on the market for first time in over 40 years The lounge, featuring a fireplace, has a double glazed window and door leading to the conservatory. The conservatory, with its patio doors, provides access to the garden. Conservatory with patio doors providing direct access to the rear garden (Image: White & Guard/Zoopla) The first floor includes three bedrooms and a fitted family bathroom. All bedrooms have double glazed windows and radiators. The bathroom, with an obscure double glazed window to the front, includes a panel enclosed bath with a shower over, a WC, and a wash hand basin. The front of the property features a block paved driveway, providing off-road parking for multiple vehicles. The rear garden includes a hard standing patio leading to a lawn and woodchip area, with flowerbeds bordering the garden. Two purpose-built sheds are located at the rear, and the garden is enclosed with a wooden fence. Located in Bitterne Park, the property benefits from its proximity to primary and secondary schools, a local library, and Bitterne Park Triangle, which hosts several local shops and amenities. The property is also near Riverside Park, which runs along the edge of the River Itchen, offering opportunities for walking, cycling, and kayaking. Southampton's city centre, with its broad range of shops, bars, restaurants, cinemas, amenities, and mainline railway station, is within easy reach. Southampton Airport is around 20 minutes away. All main motorway access routes, including M27, M3 and A3 to London, are also nearby. Gas, electricity, water, and mains drainage are connected to the property. Fibre broadband is available with download speeds of up to 76 Mbps. The property has an EPC rating of D.
Daily Mail
14-05-2025
- Business
- Daily Mail
Central London property prices have crashed and 'nobody wants to talk about it' warns buying agent
Home sellers in central London are facing a reality check that few of them want to accept - their properties may well be worth less than what they paid for them. While many estate agents continue to talk the market up, data suggests prime London property is struggling. Several central London boroughs have seen prices fall by more than 20 per cent within the last four years, with one borough seeing its house prices plummet 25 per cent in just two years. Of the top 10 most challenging postcodes to sell a home in across the country, eight are located within the capital, according to the latest data from TwentyCi. Its data analysis factored in sold prices compared to original asking prices, how fast homes are selling, how likely a sale is to fall through and how likely a home is to have its asking price reduced. Currently, central London homes are achieving 96.1 per cent of their original asking price on average which is below the national average of 97 per cent. That means on a £1million initial asking price, the typical inner London property is selling for £961,000. Inner London homes are also less likely to sell at all, with only 37 per cent of listed homes going on to complete, compared with 55 per cent nationally. TwentyCi also found that 39 per cent of listings in the region undergo at least one price reduction compared to 37 per cent across the UK, and the fall-through rate stands at 25.5 per cent, above the national average of 24 per cent. Each property is taking on average 89 days to sell in London, which is slower than the national average of 84 days. Where in the capital are prices crashing? The situation in certain postcodes paints an even bleaker picture - and in some cases, there appears to be a full blown market crash playing out. Properties in Marylebone are achieving an average of 88.1 per cent of their original asking price. This would mean someone first listing for £1 million is typically selling for £881,000. In Marylebone, 35.5 per cent of homes that go under offer also fall through, according to TwentyCi - far above the UK average of 24 per cent. In parts of Belgravia, Knightsbridge and Chelsea, it's taking 201 days to sell a home on average - almost two and half times longer than the national average. Meanwhile, close to half all homes listed in Pimlico undergo at least one price reduction, according to TwentyCi. That compares to 37 per cent of homes across the UK. It may not come as a surprise that house prices in these areas are also falling, and in some cases plummeting. In the City of Westminster, average house prices have fallen 25 per cent since they peaked in January 2023 and are still below 2014 prices. The average home is selling for £920,000, based on latest Land Registry data, down from a high of £1,225,000. In Kensington and Chelsea, average house prices are down 28.5 per cent since they peaked in October 2021 and still remain below 2014 levels. The average home is selling for £1,183,000, down from a high £1,653,000. 'There's something strange happening to the top end of the London market but nobody wants to talk about it,' says Henry Pryor, a professional buying agent. 'Some estate agents worry that if they voice it, then it will make it true, but ignoring it just prolongs the agony. 'However, if you're buying or selling you need to hear this. The market isn't as strong as it was. 'What most people aren't being told is that while sellers of £1million plus homes think that it's 2021, but most buyers think it's 2015. 'The froth has come off the market and privately most estate agents will admit it's a buyers market.' Why are central London property prices falling? There could be all manner of factors causing prices to fall. Higher interest rates, Brexit, stamp duty and changes to non-dom tax rules causing millionaires to leave the UK. The proportion of overseas buyers registering with Countrywide group estate agents to buy a home in the UK fell in the first three months of 2025 to the lowest level on record. Many of the capital's super-rich are looking to get out, according to Jonathan Hopper, chief executive of buying agent, Garrington Property Finders. This is pushing prices down sharply. 'Rising taxation and political uncertainty have led many wealthy UK residents to reassess their presence here, and a rapid recalibration of London's prime property market is underway,' said Hopper. 'Some of those leaving Britain have chosen to sell their London homes, but we're starting to see a strategic shift as others retain their UK property assets and turn to the increasingly attractive lettings market instead.' David Johnson, managing director of property consultancy INHOUS also says wealthy investors are looking to sell up and move their money elsewhere. He also thinks that many sellers and estate agents are guilty of putting homes on the market at too high a price. 'Some areas within central London have recently seen an uplift in the number of properties being put up for sale as a number of wealthy investors decided to move on amid new tax regulations and global political as well as economic developments,' says Johnson. 'It is also not uncommon to see properties come onto the market 20 per cent overvalued. This is a combination of vendor expectations and an agent telling the vendor what they want to hear in order to gain control of that property.' One major issue for the London market is stamp duty, according to Johnson. A home mover buying a £1million property now faces stamp duty costs of £43,750. For someone buying a second property in London worth £1million, either as a pied-à-terre or investment, they will pay £93,750 in stamp duty, while an overseas buyer will see that rise to £113,750. 'A lot of buyers are no longer purchasing smaller properties in any of these locations as it doesn't make sense to buy a property if they plan on selling within two or three years' time,' adds Johnson. 'Instead, these buyers are choosing larger properties further out that they can stay in for five years or longer.' Buying agent Henry Pryor thinks it's more simple than just tax and politics. He suggests it is just a case of too many homes for sale and not enough buyers. Pryor may have a point. The number of homes priced at over £5million coming onto the market in February was up 30 per cent compared to the same month last year, according to the latest data from LonRes. 'It's not because of Liz Truss or Brexit or non-doms fleeing the country,' says Pryor. 'It's not because of interest rates, Ukraine or what's happening in The White House. It's because people will no longer pay whatever it takes. 'Overall stock is up. If you want to buy a big house or flat you have some great homes to choose from, but many buyers are just not sure if they want to pay the ticket price and many are waiting and watching rather than piling in. 'There are exceptions, of course but the days of joining 15 other eager buyers for an open house on a Saturday morning are a memory. City of London house prices are down 23 per cent since January 2022 'Well priced properties are still being tied up via 'best and final offers' but I'm finding that many only have two or three bidders rather than 10.' While prices in Central London appear to be in the doldrums, this could present a window of opportunity for those prepared to be brave and buy the dip, according to Pryor. 'Summer is coming, it will get hotter but the housing market looks like it will remain cool for the time being,' he adds. 'This may be the time to buy the million pound home you've always wanted but not because it's going cheap. It's just that not many other people want it just now.' Best mortgage rates and how to find them Mortgage rates have risen substantially over recent years, meaning that those remortgaging or buying a home face higher costs. That makes it even more important to search out the best possible rate for you and get good mortgage advice. Quick mortgage finder links with This is Money's partner L&C > Mortgage rates calculator > Find the right mortgage for you To help our readers find the best mortgage, This is Money has partnered with the UK's leading fee-free broker L&C. This is Money and L&C's mortgage calculator can let you compare deals to see which ones suit your home's value and level of deposit. You can compare fixed rate lengths, from two-year fixes, to five-year fixes and ten-year fixes. If you're ready to find your next mortgage, why not use This is Money and L&C's online Mortgage Finder. It will search 1,000's of deals from more than 90 different lenders to discover the best deal for you.
