Welcome to our September edition

Labour hosebuilding targets 2024

Situated on the sought-after Oak View Road Development in Wadebridge, this three-bedroom end terraced property presents a fantastic opportunity for first-time buyers, families, or anyone looking to call the wonderful...

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This historic 17th-century public house, once known as The White Hart and now formally knows as The Laurels Inn, sits at the heart of the village next to the church. Over the years, it has served various roles, including as a...

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The UK property market has a lot going for it thanks to a year in which mortgage rates finally dropped and confidence replaced uncertainty. This encouraged buyer demand, and the number of sales agreed increased by 25% on the previous year.* If you're considering relocating in 2025, there are numerous compelling reasons to get started. Here are 10 reasons to buy in 2025.

Fair pricing

House prices did not skyrocket in 2024, rising by an average of 1% compared with 2023.* This means you will not pay through the nose and get the house you want at a fair price, and the earlier you start, the better. 

Achieve a good selling price

You will also get a good price for your current home, which will have likely enjoyed excellent increases in value over the years. Strong levels of demand mean you will not be left waiting around for a buyer. 

Good mortgage deals

Mortgage rates improved during 2024, and the good news is this is set to continue in 2025. Now that we are getting closer to a settling point and have not fallen to the previous unsustainably low levels, the market sentiment is one of ‘move now’.

Move up

If you are moving up or selling up, buying is always worth considering when the market is on the up. The conditions for moving up the ladder are ideal, creating a real window of opportunity in 2025.

Fabulous choice

Fabulous properties are appearing in every county and almost on every street, increasing your chances of finding what you want. This is boosted further with some second homeowners and landlords selling up. 

No elections

Unless something rather unpredictable occurs, 2025 does not have to contend with the uncertainty that a general election can bring. This means you can focus on any tax or buying advantages the government offers. 

Good timing

Making an early start has numerous benefits. Many sellers are already placing their homes on the market in December in anticipation of the Boxing Day Boom and the January rush, not forgetting the early build up to the spring market. 

Start your future

With future growth levels appearing to be favourable, investing in your future now could be a good move. Investing in property can help secure your future while providing the perfect setting to enjoy so many magical moments.

Less stress more certainty

More certainty means less stress. Moving home is a big decision, but the right guidance prevents niggling worries from becoming big concerns. You will have many questions, and the answer to all of them is to use good property professionals.

It’s easier

Evolving technology that connects you to the right homes that allows virtual viewings to virtually all you will ever need during your move, makes the buying process easier. Agents in 2025 will combine tech with local expertise to give you better service.

Buying or booking a valuation? Contact us for guidance

October Zoopla HPI*

How to minimise wear and tear in your rental property without overspending

Keeping a rental property in good condition is essential for maintaining its value and attracting quality tenants. However, regular use naturally leads to wear and tear, and constant repairs or replacements can become costly. For landlords, the key is to minimise damage while keeping expenses under control. Here are some practical and cost-effective ways to reduce wear and tear in your rental property without overspending.

Choose durable materials and finishes

Investing in high-quality, durable materials for flooring, walls, and fixtures can reduce the need for frequent replacements. Hard-wearing laminate or vinyl flooring is a cost-effective alternative to carpets, as it is easier to clean and less prone to damage. Walls painted in washable, scuff-resistant paint allow for easy maintenance, reducing the need for frequent repainting. Opting for sturdy, low-maintenance kitchen units and bathroom fittings also helps minimise wear over time.

Set clear expectations with tenants

A well-informed tenant is more likely to take care of the property. Providing a clear tenancy agreement that outlines maintenance responsibilities, such as keeping carpets clean and reporting issues promptly, encourages tenants to look after their home. A simple guide on how to care for appliances, heating systems, and ventilation can also prevent unnecessary damage caused by misuse.

Use protective measures in high-traffic areas

Simple, affordable additions can significantly reduce wear in areas that experience the most use. Doormats at entrances help prevent dirt and grit from damaging flooring, while fitted furniture pads protect wooden or tiled floors from scratches. Installing door stoppers and kick plates can prevent damage to walls and skirting boards, reducing the need for repainting and repairs.

Carry out regular inspections and maintenance

Regular inspections allow landlords to catch small issues before they become expensive problems. Spotting early signs of damp, leaks, or damage gives you the chance to address them before they lead to costly repairs. A scheduled maintenance check every few months helps keep the property in good condition and reassures tenants that issues will be dealt with promptly.

Provide quality fixtures and fittings

While it may be tempting to furnish a rental property with budget-friendly items, poor-quality fixtures can break easily and require frequent replacement. Investing in sturdy door handles, strong curtain poles, and reliable kitchen appliances can save money in the long run by reducing the need for repairs. Choosing neutral, timeless designs also helps prevent the need for frequent updates due to changing trends.

Encourage responsible tenant behaviour

Encouraging tenants to report maintenance issues as soon as they arise can prevent minor problems from turning into expensive repairs. Providing a simple process for reporting issues and responding quickly to repair requests builds a positive relationship with tenants and helps keep the property well-maintained. Offering incentives for long-term tenants who take good care of the property, such as minor upgrades or professional cleaning, can also be beneficial.

Limit excessive wear with smart furnishing choices

For furnished rentals, choosing stain-resistant fabrics for sofas and chairs, and using wipeable surfaces for dining tables and worktops, can help keep furniture in good condition for longer. If you provide a washing machine, consider installing a filter to prevent damage from limescale and debris. Simple choices like these can significantly extend the lifespan of furnishings without increasing costs.

Use a professional end-of-tenancy clean

At the end of each tenancy, having the property professionally cleaned can help prevent long-term damage. Deep cleaning carpets, appliances, and bathrooms keeps them in good condition and makes it easier for new tenants to maintain the property. Some landlords include professional cleaning as a requirement in the tenancy agreement, ensuring the property is returned in good condition.

Protect your investment cost-effectively

Reducing wear and tear does not have to be expensive. By choosing durable materials, setting clear expectations, and maintaining the property proactively, landlords can keep their rental homes in excellent condition without overspending. A well-maintained property attracts responsible tenants, reduces repair costs, and helps ensure a long-term, profitable investment.

Contact us today for practical solutions to protect your property investment

Tips to make your offer more attractive to sellers without overpaying

In today’s competitive property market, securing the home you want requires more than just making a high offer. Sellers consider multiple factors when choosing a buyer, and a well-structured, appealing offer can give you the edge without stretching your budget too far. Here are some key strategies to make your offer stand out while ensuring you pay a fair price.

Get your finances in order

Sellers prefer buyers who can move quickly and with confidence. Having a mortgage agreement in principle (AIP) shows that you are financially prepared and serious about buying. If you are a cash buyer, making this clear in your offer strengthens your position, as sellers often favour buyers who do not rely on mortgage approval.

Be flexible with your timeline

A seller’s ideal buyer is someone who fits their moving plans. If they need a quick sale, being ready to proceed without delays can put you ahead of the competition. On the other hand, if they need extra time to find a new home, offering flexibility on move-in dates could work in your favour. Asking the seller about their preferred timeline and accommodating their needs can make your offer more appealing.

Keep your offer clean and simple

Avoid adding unnecessary conditions that could slow down the process. Sellers may be put off by offers that are dependent on selling another property or subject to extensive surveys and delays. A straightforward offer with fewer contingencies reassures the seller that the sale is less likely to fall through.

Establish a good relationship with the seller

Property transactions are not purely financial. Sometimes sellers favour buyers they feel a connection with. Expressing why you love the property and how you plan to care for it can create goodwill. This is especially effective when sellers have an emotional attachment to their home.

Work with a reliable estate agent

A well-regarded estate agent can present your offer in the best light and highlight your strengths as a buyer. If you are working with a trusted agent, they can communicate your seriousness and financial readiness to the seller’s agent, giving you a competitive edge.

Show you are ready for a smooth transaction

Being prepared with all necessary documents, such as proof of funds and solicitor details, demonstrates that you are serious and ready to move forward. Sellers and agents appreciate buyers who are organised and can proceed without unnecessary delays.

Win the offer without overpaying

Securing a property does not always mean offering the highest price. A well-prepared, flexible, and confident approach can make your offer more attractive without exceeding your budget. By presenting yourself as a strong, reliable buyer, you increase your chances of getting the home you want without paying over the odds.

Need expert advice on making a winning offer? Contact us Bond Oxborough Phillips for guidance on navigating the buying process successfully

Uk inflation and interest rates: a positive outlook for the property market

Understanding the Current Economic Landscape
As of June 2025, the UK’s inflation rate stands at 3.6%, slightly above the Bank of England’s target of 2%. This uptick is primarily driven by rising food prices and higher transport costs, with food inflation reaching 4.5% in June. While these figures indicate ongoing inflationary pressures, they also reflect a stabilising economy compared to the peaks experienced in 2022. As inflation gradually stabilises, the cost of living may become more manageable, allowing consumers to adjust their spending behaviours.

The cost of living remains a concern, but the economy is showing signs of recovery, which is encouraging for homebuyers and investors looking to navigate this period of high inflation.

Interest Rates: A Shift Towards Affordability
In response to economic conditions, the Bank of England announced on 7th August that base interest rates would be cut from 4.25% to 4%. This marks the fifth rate cut since August 2024, reflecting a shift towards more accommodative monetary policy. Lower interest rates can significantly reduce the cost of borrowing, which may ease financial pressure on homebuyers and investors alike.

For prospective homeowners, reduced mortgage rates mean more affordable monthly repayments, thus improving the potential for purchasing a property. The recent interest rate cuts have brought the cost of mortgages closer to more manageable levels for many buyers, making the dream of homeownership more achievable.

Furthermore, these reduced rates could spur activity in the property market, as buyers may be more likely to enter the market when mortgage terms are favourable. As mortgage interest rates decrease, it makes sense for buyers to consider the advantages of locking in lower rates, especially before potential future rate increases.

Implications for the Property Market
The combination of manageable inflation and decreasing interest rates creates a favourable environment for property transactions. Buyers who may have hesitated due to higher mortgage costs in previous years might now find more appealing opportunities. This is especially true for those looking to secure a first home, as affordability improves, and reduced mortgage rates can make a significant difference in long-term costs.

On the investor side, these conditions can lead to improved ROI, especially in rental markets. As the property market stabilises, property investors may find new opportunities in both residential and commercial sectors, particularly in areas that were previously considered too expensive. As borrowing costs decrease, it increases the overall attractiveness of property as an investment, leading to growth in the buy-to-let market.

Moreover, the gradual economic recovery may support steady demand in both residential and commercial property sectors. As interest rates come down, demand for housing is expected to increase, providing opportunities for sellers to capitalise on a more stable market. Homebuyers who were holding off on making a purchase may now feel more confident in entering the market.

Conclusion
While inflation remains a consideration, the anticipated interest rate cuts and overall economic stabilisation offer a positive outlook for the UK property market in 2025. These changes make property more accessible for first-time buyers, and they create better opportunities for investors, particularly in areas with solid rental demand.

The current climate presents a balance between low borrowing costs and steady inflation levels, creating a welcoming environment for buyers and investors alike. For those looking to enter or expand within the property market, now may be an ideal time to make a move.

For personalised advice and insights into the current property market, contact us today and make the most of these market opportunities!

Moving in? The ultimate tenant inventory checklist

Protect your deposit from day one: Tenant inventory tips

Moving into a new rental is exciting, but before you unpack the kettle and hang your photos, there’s one task you shouldn’t overlook: the inventory. Whether it’s furnished or unfurnished, your new home should be thoroughly documented at the start of your tenancy. It’s not just admin; it’s your best safeguard when it comes to getting your deposit back.

Here’s how to carry out a thorough, tenant-focused inventory that keeps things fair and transparent.

Don’t skip the walkthrough
Most landlords or agents will provide a check-in report when you move in. But don’t rely on it blindly—walk through the property before you settle in. Use your phone or tablet to record a video walkthrough, opening cupboards, flushing toilets, switching on lights, and zooming in on flooring, paintwork, and appliances. It’s your visual timestamp, just in case questions arise later.

What to check, room by room

Walls and ceilings: Look for scuffs, stains, cracks, pinholes or chipped paint. Document even minor wear.
Floors and carpets: Note marks, threadbare patches, or dents from previous furniture.
Windows and doors: Check locks, hinges, condensation, mould or cracked seals.
Kitchen: Open every cupboard and drawer. Test appliances—oven lights, fridge seals, hob function, cleanliness.
Bathroom: Look for mould, chipped tiles, dripping taps, or loose toilet seats.
Furniture: If furnished, note condition of each item, including soft furnishings. Take close-ups of wear.
Garden/balcony: Check fences, lawns, and left-behind furniture.

Photograph everything, and label clearly
Take well-lit, time-stamped photos organised by room. Use cloud storage or a named folder so you can share easily if needed. Detailed records protect you against disputes later.

Check the metre readings
Record gas, electric, and water metres on day one. If your agent hasn’t done this, take your own photos and notify them in writing. It ensures bills start from your actual usage, not the previous tenant’s.

Report anything quickly
Spotted something not mentioned in the report? Email your landlord or agent within the first few days, attaching photos. This sets the record straight early and avoids grey areas later.

Keep copies safe
Save all communications and your signed inventory somewhere secure and accessible. It’ll come in handy not just at check-out, but if repairs are needed during your tenancy.

Need a home that feels like yours from day one?

Should you sell or let? Deciding what’s right for your property

The Decision That Shapes Your Property’s Future

One of the most significant decisions a property owner will face is whether to sell or let. Whether you're relocating, downsizing, or just assessing your long-term options, both paths have their advantages and drawbacks. With the right insight and a clear understanding of your goals, making the best choice can be simpler than you think.

Here’s a look at the pros and cons of selling versus letting to help guide your decision.

Selling: Free Up Equity, Move On

The pros:

Immediate cash return: Selling your property gives you immediate access to the full sale price, which can be used for reinvestment, paying off debts, or funding your next purchase. If you're looking to downsize or move on quickly, selling provides the capital to do so.
No ongoing responsibilities: Once you sell, you’re free from maintenance, tenant management, and property upkeep. No more worrying about repairs, tenant disputes, or upkeep.
Market timing: If property values are high and demand is strong, it could be the right time to sell. This could be especially beneficial if interest rates or market conditions are favourable for a fast sale.

The cons:

Missed long-term gains: Selling means you lose the opportunity to earn rental income or benefit from future property value increases. If the market continues to rise, you could miss out on long-term wealth-building opportunities.
Selling costs: Estate agent fees, conveyancing costs, and potential capital gains tax (depending on your circumstances) can eat into your profits.
The uncertainty of the next step: Once your property is sold, there’s no guarantee you’ll find the right home or investment immediately. Renting or buying in the future may be more expensive depending on market conditions.

Letting: Earning Income While Retaining Ownership

The pros:

Steady rental income: Renting out your property provides a steady stream of income, which can supplement your salary or fund future investments. This can be a great option if you’re seeking long-term financial security.
Property value appreciation: If your property increases in value over time, you can sell it later at a profit while continuing to receive rental income in the meantime.
Flexibility: Renting gives you the option to return to the property later if necessary. You also have the option to let long-term and sell at a future date when the market aligns with your goals.

The cons:

Management responsibility: As a landlord, you’ll be responsible for finding tenants, managing contracts, and handling maintenance. This can be time-consuming, especially if you have multiple properties or live far from the rental.
Risk of tenant issues: Even with the best tenants, there’s always a chance of missed rent payments, disputes, or property damage.
Maintenance costs: As a landlord, you must maintain the property, ensuring it’s habitable. Additionally, if the property is vacant for any period, you still bear the costs of upkeep without rental income.

Which is Right for You?

There’s no one-size-fits-all answer. Consider these factors before making your decision:

Financial goals: Do you need immediate cash from a sale, or are you looking for long-term income? Selling is better if you need cash immediately, while letting offers ongoing income.
Property location and market trends: High rental demand may make letting more lucrative, but if property prices are strong, selling may provide the best return.
Time and commitment: If you’re not ready to manage tenants and maintain a property, selling may be simpler. Letting involves more work but could lead to a higher return over time.
Long-term vision: Letting offers flexibility to hold the property for future growth, while selling releases capital for your next move.

Not sure whether to sell or let your property?

Get expert advice tailored to your specific goals and circumstances.

How to spot a hidden gem in today’s market

Spotting Hidden Gems in Today’s Property Market

In today’s competitive property market, finding a hidden gem isn’t just about luck, it’s about looking beyond the surface and recognising potential where others might not. With demand high, many buyers rush to the properties that are immediately attractive or perfectly polished, but often, the most rewarding investments lie in homes that need a little vision or elbow grease.

Here’s how you can spot a diamond in the rough, and what to look for in a property that’s worth more than the asking price.

1. Look for properties with potential, not perfection

A freshly renovated property may seem tempting, but it often comes with a higher price tag and you’re paying for someone else’s design choices. Instead, focus on homes that might need a bit of TLC. A dated kitchen or overgrown garden doesn’t mean the property isn’t worth your attention.

Dated décor: Cosmetic changes may be needed (new flooring, paint, or light fixtures), but the underlying structure is sound.
Neglected gardens or exteriors: Homes that have been overlooked can be improved with some investment of time and money.
Old fittings: Bathrooms or kitchens showing age can be negotiation points, helping secure the property at a better price.

2. Focus on location over style

While interiors are tempting, location delivers long-term value. A home in a great area, even if rough around the edges, will always outperform a stylish home in a less desirable location.

In up-and-coming areas where prices are likely to increase.
Near transport links, shops, schools, or parks.
In quieter outskirts that offer potential for development.

3. Uncover opportunities for expansion or renovation

Look for homes that allow you to add value over time—extensions, loft conversions, or space for extra features like a garden office or garage. Even if the layout isn’t ideal, consider whether walls can be moved or space rearranged.

Large gardens or plots suitable for extension.
Layouts that can be easily reworked.
Larger-than-average footprints compared to other homes in the area.

4. Don’t shy away from homes with structural issues

Structural issues can sometimes be negotiable. Properties with foundation or roofing problems may come at a lower price, and investing in repairs can significantly increase value. Always commission a professional survey to understand the full scope and costs.

5. Trust your instincts and be patient

Don’t rush into a deal. The best hidden gems often require patience. If a property feels special but needs work, consider the long-term potential. Careful evaluation pays off more than hasty decisions.

Ready to find your hidden gem? Contact us to explore the opportunities waiting for you.