Friday, 12 February 2016

Let property in Southampton – one of the UK’s ‘coolest’ cities

Not only is Southampton a great buy-to-let investment location, but research from home furnishing company Web-Blinds has named the city as one of the coolest in the country; an indication of its appeal for potential buyers and renters alike. 

This comes as no surprise to us here at ChimneyPots, as we've been successfully letting property in this fantastic location for many years.

Southampton has steadily become an investor hotspot and a place where landlords can flourish and grow their rental portfolio, thanks to an overspill of demand from those who are struggling to get on the housing ladder.

The south coast hotspot is also a superb place to invest in property as average prices here aren’t too steep either. Meanwhile, the average rental return for landlords in the area stands at £1,323pcm; higher than the typical figure across the UK.

In the recent study, Southampton was named as one of the UK’s ‘coolest’ cities alongside Manchester and Brighton. The study was based on how metropolitan an area's lifestyle is as well as its attractiveness to renters.

A high proportion of the city’s population falls into the 18-35 demographic. Many of these residents are young professionals – a group who are extremely likely to be living in the Private Rented Sector (PRS). This really is encouraging news for landlords who are considering letting their property in Southampton.

Southampton is also home to the headquarters of several blue chip companies and its own airport – again great for professional tenants in the area.

Having two top quality universities means Southampton is now also home to a high student population – another indicator of its 'cool' status.

If there is a high proportion of students living in a city – it is likely to mean that it has an attractive social scene – and it's been reported that Southampton is one of the top five cities in the UK with the most bars and art galleries per 10,000 people.

Therefore, if you’re a landlord who is unsure of where to invest in the UK, starting a buy-to-let portfolio in Southampton, or any of the southern lettings hotspots which we operate in here at ChimneyPots, is guaranteed to provide you with great returns and minimal void periods.

If you have any questions about letting property in Southampton, or any of the other southern locations, then get in touch with our team of trained property experts today.

Alternatively, we also offer landlords the opportunity to discover how much rent they could potentially obtain from a property with our free online rental valuation.


Wednesday, 3 February 2016

What makes buyers fall in love with your home?

Love really is in the air when it comes to buying property, as it's been revealed that 56% of Brits made an offer on a home simply because they fell in love with it.

With Valentine's Day fast approaching, a survey by My Home Move has revealed that women fall in love with a property more easily than men. Some 59% claiming that it was the reason for choosing a property, with men slightly less at 51%.

There are several factors which can encourage potential buyers to fall in love with a home, and if Southampton and Portsmouth property sellers are savvy, then they will ensure that theirs is marketed towards enticing those buyers.

Unsurprisingly, according to the study, the number one factor which can encourage a buyer to fall in love is a property’s location, which, like love, is outside of a seller’s control.

However, there are things you can do to tap into a buyers' requirements and expectations.
When a buyer arrives for a viewing, explain the location and its surroundings, including transport links and access to local amenities.

For those purchasing Southampton and Portsmouth property, it's worth letting them know of the great transport links we have to the capital, as well as both cities' close proximity to the New Forest National Park and South Downs National Park.

Property price is the second most popular factor causing buyers to fall in love with a home. This should remind you how crucial it is that your property is priced correctly and current market conditions are taken into account – something an estate agent like ChimneyPots is useful for.

Our professional property experts can provide you with an accurate valuation, but in the meantime if you’d like to discover how much your property could be worth in an instant, then obtain a free online property valuation today.

When buyers come to view your property, it’s also worth informing them not only of the price that it is on the market for, but its potential for growth in the coming years.

No buyer will want to purchase a property which isn’t expected to see a price rise and this shouldn’t be a problem for Southampton or Portsmouth buyers as in the last year alone, prices have risen by over 4% in both locations, according to Zoopla.

It seems us Brits also have an established love affair with a fantastic garden, after it came third in the list of things which make buyers fall in love with a property.

Therefore, if you’re marketing a property for sale with a garden, then you’re on to a winner, but only if it’s in great condition.

Tidying up the garden may not be your number one priority throughout the winter months, but it has the potential not only to increase the price of your property, but to attract more buyers to view your home.

Mow the lawn, plant some winter-friendly plants and you’ll ensure your garden is a sure-fire hit with visitors.

Having a superbly designed interior can also cause buyers to fall in love with your Southampton or Portsmouth home.

Giving your home a fresh lick of paint, putting down new flooring and updating the fixtures and fittings are all things which show buyers that you care, while also helping them to envisage living there in the future.

Ultimately, it is an estate agent’s job to ensure that plenty of buyers fall in love with your home, and if this sounds like something you require help with then don’t hesitate to get in touch with the property experts at ChimneyPots Estate Agents today.