Welcome to the Basingstoke Property Blog

  Renter's Rights Bill - Exclusive Basingstoke Landlord Event Join us at the  Hampshire Court Hotel & Spa  for an exclusive event tailored for Basingstoke landlords. Learn about the latest updates on the  Renter's Rights Bill  and how it impacts you as a landlord. Network with fellow industry professionals and gain valuable insights to navigate the changing landscape of rental laws. This in-person event is a must-attend for landlords looking to stay informed and ahead of the curve. Secure your spot today! https://www.eventbrite.co.uk/e/renters-rights-bill-exclusive-basingstoke-landlord-event-tickets-1541329280369?utm-campaign=social&utm-content=attendeeshare&utm-medium=discovery&utm-term=listing&utm-source=cp&aff=ebdsshcopyurl 

We now have our first property available with a NO DEPOSIT OPTION How does it work you ask? This property is available with a Deposit-Free option which means that instead of paying a traditional six weeks security deposit, you pay a fee of one week's rent + VAT to become a member of Flatfair (a deposit-free renting scheme) which significantly reduces the upfront costs. This fee is non-refundable and is not a deposit so cannot be used towards covering the cost of any future damage. More details available at flatfair.co.uk We will be adding this option to more properties but if there is one you are keen to have this option for, please ask.

May 21st –25th is Walk to School Week. Every day nearly 4.7 million primary school children undertake the school run of which close to 2.5 million walk. Across England and Wales properties sold within a 10 minute walk of an outstanding primary school attract a 17.8% price premium compared to the average price of a property, the equivalent of £51,688. The premium is highest across the East of England and South East, where properties sell for as much as £70,000 more. Premiums across the North East and Wales are the lowest of all the regions, but even here a short, walkable school run can boost sales prices by several thousands. 

As part of the new government housing bill, one of the items under discussion, is capping the size of a deposit to a maximum of 4 or 6 weeks rent. For many landlords, the current average deposit of 6 weeks can seem inadequate if your tenant causes significant damage in the property or has failed to pay their rent. For many tenants, the cost of moving into a new rental property can be substantial, on average around £2,000 for their first months’ rent and deposit. On top of this, if they are moving from an existing rented property, they are unlikely to receive their deposit back from their previous tenancy, before having to pay the deposit for their new tenancy. As a result, a number of schemes have started to emerge that offer tenants a deposit free option to renting a property... But this is a good thing for either the landlord or the tenant? There are a few schemes that have emerged: 1. Tenants Pay an Insurance Rather Than a Deposit In this instance, the tenan...

  The government has announced that it’s launching a review into the requirement for carbon monoxide alarms in homes across England. The review will address whether alarms should be required for all methods of heating, including gas and oil, the cost of alarms and new research on deaths caused by carbon monoxide. There has already been a recent formal government consultation specifically into smoke and carbon monoxide alarms in the private rental sector - that process has ended although it appears unlikely that it will trigger any change in the current regulations. As they stand, regulations require landlords - or agents acting on their behalf - to have at least one smoke alarm installed on every storey of their properties on which there is a room used wholly or partly as living accommodation, and a carbon monoxide alarm in any room wholly or partly used as living accommodation containing a solid fuel burning appliance. This latest consultation - which will ...

It’s a boy! Congratulations to the Duke and Duchess of Cambridge on their new arrival, the fifth in line to the throne. While we await a name, in property terms which are the most valuable, or familiar of the bookmakers favourites? Over the last year properties sold on streets bearing all the names with the exception of Frederick exceed the UK average house price of £225,047. Properties sold on streets bearing Albert, Elizabeth and Mary attracting the highest price premiums. Victoria is the most popular girls street name, Albert for a boy, over 3300 and 1300 sales respectively taking place on streets bearing these names, compared to less than 40 for Alice and just 130 for Philip. And what of George and Charlotte? Properties sold on streets including George, sold on average for over twice the UK average at over £483,000, while Charlotte attracts a premium of over £70k compared to the UK average.