Covering: Wolverhampton City Centre, Tettenhall, Pendeford, Penn, Bescot, Cannock Chase, Walsall Town
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e m op m co Pr o l fr e. ca er s Lo p e pa ou th th ha w
Sept 10th 2014
Wolverhampton and Walsall
www.whathouse.co.uk
Local
NHBC – the mark of a quality home
...Buying a new home is a big decision, so you’ll want to know that your property is of good quality and your investment well protected. Only builders approved and registered by NHBC can offer Buildmark, and they must build to the detailed technical standards we have been developing and updating for more than 75 years. It will give you peace of mind to know that all new homes with NHBC’s Buildmark have been independently inspected at key stages during construction, and come with 10 years’ warranty and insurance. This gives you the reassurance that, on the rare occasion when something does go wrong, we’re here to help you.
So, before you buy a new home, make sure it has Buildmark.
Talk to us...
Call us now on 0844 633 1000 and ask for ‘Customer Services’. Or visit www.nhbc.co.uk/myhome H309 06/14
H309 - What House? advert_FINAL.indd 1
6/16/14 9:30 AM
Local essentials
Published by: Globespan Media Limited, 291-299 Borough High Street, London SE1 1JG Tel: 020 7940 1070 info@globespanmedia.com www.whathouse.com Managing director: Daniel Hill Editorial director: Rupert Bates Editor: Keith Osborne ko@whathouse.co.uk Assistant editor: Stephen Maunder sm@whathouse.co.uk Designer: Peter Rogers peter@39zero.co.uk Sales director: Mark Edmondson me@whathouse.co.uk
ESTATE AGENTS www.whathouse.coM Sept 2014
Welcome to our very first edition of WhatHouse? Local, your weekly guide to the property world in your area. We’re a nation obsessed with property – buying, selling, investing and renting. Let’s be honest, even if we have no intention of moving home ourselves, we love to look around other people’s homes online, in print or on the TV, for inspiration or just out of sheer curiosity. Indeed, thousands of people go to property websites every day just to see what their neighbours are selling their home for! If you’re serious about finding a new home or just casually looking, we aim to bring you the very latest homes for sale and to let in your locality. We’ll also bring you some insight and advice on homeowning and investment as well as a view of the new homes market. This week, we have some tips for buy-to-let investors and look at the reasons why you should consider
Say What?
purchasing one of the new-build homes being created in your area. If you’re looking further afield, or want to catch up with property news and view on a daily basis, go to www. whathouse.com, where you can search through thousands of homes for sale and rent across the country. You will also find a host of articles and interviews on a range of property topics. You can of course catch up with us on Facebook and Twitter (@What_ House), too. We hope you find this and every issue of WhatHouse? Local a useful tool in your property search.
Happy house-hunting! Keith Osborne Editor, WhatHouse?
Southern sales director: Lesley Lawrence ll@whathouse.co.uk
Property Insider
Sales manager (Midlands): Rebecca Vincze rv@whathouse.co.uk
Five ways to maximise your rental income
Sales executive (Midlands): Tori Collett tc@whathouse.co.uk Sales executive (Midlands): Wayne Smith ws@whathouse.co.uk Sales manager (London): Jay Ali ja@whathouse.co.uk Account manager: Ann Chaloner ac@whathouse.co.uk Printed by: 39zero | Citrus Distributed by: Team © 2014 Globespan Media Limited
No part of this publication may be reproduced without prior written permission from the publishers. The greatest care has been taken to ensure accuracy but the publishers cannot accept responsibility for errors and omissions.
In a busy market where demand is outstripping supply, rent costs are on the rise across much of the UK. Despite this demand, it remains important to ensure you are getting the best tenants you possibly can and are achieving the full rental potential of your property. Here are our top five tips to get you started. Consider furnishing your property A property that is ‘ready to go’ is sure to be attractive to a large pool of tenants. Furnishing a property rids tenants of the burden and cost of purchasing furniture, may increase your rental income by 5-10% and could enable you to let your home more quickly. You can also claim a ‘wear and tear’ tax allowance if you let a furnished property. The cons? Letting a furnished home is more labour intensive at both ends of the agreement, with careful consideration required before purchasing, insuring, assessing and upgrading your furniture. Tenants searching for a fully furnished property may also be less likely to stick around in the long term. You could consider offering greater flexibility by letting your home as part-furnished. Keep it neutral Whether you’re choosing to go furnished or unfurnished, it pays to keep decoration neutral. Laminate flooring or carpets of a serviceable colour combined with gentle magnolias on the walls and laminated work surfaces in the kitchen
are your best bet. Don’t narrow your target market by making your property a show home – your tenants will prefer to add their own touches (with your permission, of course). Include parking If your property is in an area with parking restrictions or on-road parking only, this may have an impact on its rental value. If you have no scope to add private parking, consider purchasing a yearly parking permit and factoring it in to the cost of the rent. Tenants may be put off by the prospect of paying £100 a year for parking, but will be attracted to a property where it is included. Think about extras While many guides will encourage you to include as few appliances as possible,
there is an argument for going a step beyond the standard specifications. A dishwasher or tumble dryer could increase your rental income slightly and also give you the edge when searching for the best tenants. Be wary of void periods Void periods between tenant occupancies will make a severe dent in your profits. All landlords are likely to face a void period at some point, but it is vital to keep these spells to a minimum. If you are experiencing a high turnover of tenants, consider whether the property is as attractive a proposition as it could be and make an effort to regularly spruce it up. You should also think carefully before increasing the rent – a tenant moving out because of a rent increase could lose you money until you find a replacement.
3
W O N D E R F U L H O M E S
PRESENTS
A s u p er b d evelo pm e n t of 3 & 4 b ed room new h om es in Willen h al l , Wal s al l
EXCLUSIVE SELLING AGENT S
Call NOW for details:
01902 201 103 Wonderful homes built with high standards and quality finish at affordable prices
For more information on this development and others follow us at
www.wonderfulhomes.co.uk
This development is backed by the governments Help to Buy scheme
Why Rent When You Can Buy? Yo u c an own one o f the se brand new h o m es with a s little a s a
*
£7,000 deposit
5
just
% deposit
The Help to Buy scheme makes it possible to buy a brand new home with as little as a 5% deposit. With a Help to Buy equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage. You won’t be charged interest on the 20% loan for the first five years of owning your home.
Buyer’s 5% deposit
Government’s 20% loan
75% mortgage from commercial lender
£7k £28k £105k
Example House Value
£140k
The above figures and diagram are for illustrative purposes only. For specific figures and further details please contact the selling agent. *Subject to individual circumstances and terms and conditions.
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WELCOME TO EDEN ESTATES
Letting a property can be a smart move or investment, just as long as you research the market and get expert advice. Aman Sirpal and Sarika Sirpal (Managing Directors) at Eden Estates have the expertise and experience to give just that. Eden Estates offers a wide range of tailor made lettings solutions and will guide clients through the lettings process. From the moment a landlord decides to enter the lettings market Eden Estates will release the pressures and take away the hassle which letting can bring.
Anyone who has been either a tenant or a landlord will no doubt agree that the residential lettings market can be a daunting proposition especially to the uninitiated. The good news is that help is now available from Eden Estates office in Wolverhampton. Independently owned and operated, Eden Estates knows how to provide that personal service and attention to detail that all landlords are looking for, in the ever growing lettings market. As director, Mr Aman Sirpal explained “the continued growth of the residential lettings market over recent years has meant a rise in the number of tenants and landlords all of whom need sound advice and guidance in order to prevent potentially costly problems�. Unlike traditional lettings companies Eden Estates provides a tailored made management package to suite each individual landlord. Whether it is a single property or a large property development, Eden Estates has the experience and know how to give you the confidence and peace of mind you require.
We pride ourselves on giving sound, professional advice and meeting your expectations in all areas of property letting and management. Our main focus is to work together with our clients in the most friendly and helpful manner. We have considerable experience in the property letting sector and extensive local knowledge which is hugely beneficial whether you are a landlord or a tenant. The property market is ever expanding and we have prominent links with the main property newspapers and other advertising media. This ensures that we are one of the most high profile and recognised letting agencies in Wolverhampton. If you have a property to let in the Wolverhampton area or just require some advice, then please make us your first call.
For further information and advice on lettings matters call 01902 399 899 or visit the office at 88 Darlington Street, Wolverhampton, WV1 4EX www.edenestatesuk.com
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12 NEW HOMES www.whathouse.COM Sept 2014
T
he choice is wider than ever. You may have thought they are too expensive, too small or lack character, but we live in competitive times and to be successful, housebuilders have to provide homes that people actually want to live in and can afford to purchase. More and more of them are achieving outstanding levels of customer service and recommendation and the choice of styles and designs available is very impressive. If you think that a new home isn’t for you, or are keeping an open mind about whether to opt for a brand new or period property, it’s worth considering that there are a number of advantages to buying a new-build home over a re-sale property: • A ‘blank canvas’. Many house-hunters simply love the idea of moving into a home that no-one else has lived in, in which everything is brand new and that they can then decorate to their own taste. • You avoid a chain. Buying a new home, you have no forward chain to worry about when you’re arranging to exchange contracts and move in. • Financial incentives. In today’s competitive housing market, housebuilders frequently offer incentives to buyers of their new homes that those buyers just won’t get on any re-sale property. Some of the special schemes and incentives offered include shared equity (including government-funded schemes such as Help to Buy), part exchange on an existing home, access to unique mortgage products, and the offer of deposit paid or deposit match, the payment of Stamp Duty or the inclusion of upgraded fixtures and fittings.
Eight reasons to consider a new-build property You may have read about the shortfall of new homes being built in the UK but with developers escalating their efforts to meet demand, have you ever considered buying one?
• Guarantees on workmanship. New-build homes are built to high standards of workmanship, energy efficiency and sustainability and must be covered by a long-term warranty, typically ten years or more, that covers the buyer against any faults that may arise later due to sub-standard work by the housebuilder.
• Other warranties. Some housebuilders provide further guarantees on items not covered by the NHBC warranty, providing further peace-of-mind to homebuyers. • Lower running bills. New-build homes are often sold with the latest fixtures and fittings included as standard, for example double glazing and modern kitchen appliances that are far more reliable and energy efficient, and therefore cheaper to run, than older models. The level of insulation provided by today’s building standards mean that homes are significantly less expensive to heat than older homes, even those just ten-years-old. • High specification. Housebuilders are providing ever-higher internal specifications to meet the demands of today’s homebuyers, which may include en suite facilities to at least one bedroom, separate kitchen utility rooms, fitted wardrobes, underfloor heating, multiple TV and telephone points, hi-tech multi-room audiovisual systems and open-plan family living areas. • Safety and security. Improved regulations mean that new-build homes are generally much safer and more secure than older homes, through the use of fire-retardant materials, smoke alarms, door and window locks and security lighting.
SPRING WALK Spring Lane, Willenhall, West Midlands, WV12 4HW 2 bedroom apartments and 2, 3 & 4 bedroom homes from £139,995
Show home now open
5% deposit is all you need
Help to Buy available
Our brand new Denford show home is now open at Spring Walk, an exciting new development in Willenhall. Priced from only £139,995, the 3 bedroom Denford is ideal for first time buyers and is available to purchase using the fabulous Help to Buy scheme, meaning you could buy this stunning new home with a 5% deposit of only £7,000. Take a look around our brand new show home, and get a feel for this superb family home. Visit our sales centre today to find out more.
Call 01902 544 473 * Taylor Wimpey terms and conditions apply. The images on this page show a typical Taylor Wimpey home and include optional upgrades at additional costs.
or visit taylorwimpey.co.uk/springwalk Sales centre open daily 10.00am – 5.00pm
Available for just
£139,995
GREAT DEALS ARE
COMING HOME SAVE THOUSANDS AND MOVE IN TIME FOR CHRISTMAS! We’ve made great homes even more attractive with these superb deals. But this is for a limited period only sold on a first come, first served basis. So don’t waste any time, contact us now for more information. What’s more, the Help to Buy Scheme* and Part-exchange Service* are available with selected homes at both our developments.
Akron Gate
Ettingshall Place
Stafford Road, Wolverhampton, WV10 6DR 2, 3 and 4 bedroom homes from £95,950
Ettingshall Road, Wolverhampton, WV2 2RB 2, 3 and 4 bedroom homes from £79,950
Home of the Week Plot 3 - The Morden
Home of the week Plot 142 - The Marsh
2 bedroom home with carpets and floor coverings * NOW
2 bedroom apartment with £10,000 discount and carpets * NOW
Call 08432
Call 08444
£124,950
082802†
£79,950
901872†
MARKETING SUITES OPEN THURSDAY TO MONDAY 11AM - 6PM
FOR EXCLUSIVE OFFERS VISIT PERSIMMONHOMES.COM Imagery is for illustration purposes only. External elevations including treatments, materials, window positions and sizes are subject to change at any time. *For full details, terms and conditions for the Help to Buy Scheme and Part-exchange visit your nearest Persimmon development or log onto www.persimmonhomes.com/ offers. Available for a limited period only, subject to status. Terms and conditions apply. Some details may be subject to availability and/or stage of construction, and this offer may be withdrawn at any time without notice. This offer may not be available in conjunction with any other purchase assistance scheme, offer or promotion. Full details available on request. †Calls will be charged at five pence per minute from a BT landline and may cost considerably more from mobile and other phones. Contact your service provider for more details. Details correct at time of going to press.
14 NEW HOMES www.whathouse.coM Sept 2014
Move in for
Help to Buy
Victoria Gardens Victoria Avenue x Bloxwich x WS3 3HT 3 & 4 bedroom homes from: £154,950
l Help to Buy Available l Part Exchange Considered* l Stamp Duty Paid Showhome open 11am - 5pm Friday to Wednesday Telephone: 07814 170665 or 01384 446200 www.kendrickhomes.co.uk *All offers are available on selected plots only and subject to terms and conditions. Help to Buy and Part Exchange may not be used in conjunction with each other.
Distinct Quality Since 1880
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Goscote Lane, Walsall WS3 1PE www.waltonhomes.co.uk Telephone Number: 01922 496748
ONLY 5% DEPOSIT Move into your new dream home with help to buy Show Home open Daily: 11am to 5pm
Find out if we’re building in you’re area....
ALEXANDRA GRANGE Tipton, Sandwell A wonderfully presented mix of 2, 3, and 4 bedroom houses and 2 bedroom apartments.
0845 605 7773
THE MALT HOUSE REGENT’S WHARF Leamore, Walsall 1, 2, 3, and 4 bedroom apartA canalside development with a ments and duplexes mixture of 2 and 3 bedroom homes 605 7774 08450845 605 7774
THE MALT HOUSE Beautifully converted 1, 2, 3, and 4 bedroom apartments and duplexes in a Grade II listed building
0154 325 6647
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Available with Help To Buy
Net your dream home at the WhatHouse? Show Hilton Brighton Metropole 27-28 September from 10am to 5pm Are you in the market for: • your first home? • moving to a larger or smaller home? • an overseas home? • investment property? • retirement property?
Searching for a property online or in a newspaper will only take you so far. Come and meet developers and agents face-to-face at The WhatHouse? Show. Come to our 3 seminar theatres to find out about Help to Buy, Shared
Media partners
Ownership and many other aspects of buying and investing in property in the UK and abroad. Entry is free – see you at the show! Find out more at whathouseshow.co.uk or call 0207 940 1070.
NEW LOCATION, NEW SHOWROOM
le n Sa O ow N
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• House rewiring/partial rewiring
• Bespoke Kitchens & Bathrooms
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• Burglar alarms and CCTV installations
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• Spare parts
• Central heating
• Repairs to most small electrical
• Underfloor heating
appliances and microwaves
• Service centre for Kenwood, Delonghi,
Magimix and Dimplex
• Plumbing
01902 426334
01902 546745 07956 997419
Email: jtjarvis_son@hotmail.co.uk www.jtjarvisltd.co.uk
Email: enquiries@astrixinteriors.co.uk www.astrixinteriors.co.uk
FREE NO OBLIGATION QUOTATION 29-30 Cleveland Street, Wolverhampton, WV1 3HT
HELP TO BUY AT
Chestnut Walk, Bilston 2, 3 & 4 bedroom homes available from only
£99,960
*
WITH HELP TO BUY
Bring this advert with you this weekend and we’ll include free carpets in your new home.
Visit: redrow.co.uk/chestnut Call: 01902 471189 Chestnut Walk Bankfield Road, Bilston West Midlands WV14 0TW Open Daily, 10am ~ 5.30pm Help to Buy is a Government backed initiative in partnership with housebuilders. *Shows price with 20% loan assistance. Available on selected plots, subject to status, terms and conditions. Help To Buy cannot be used in conjunction with any other scheme. It is highly advised, for a swift, smooth transaction that an IFA/Solicitor advised by Redrow Homes is used. Offer cannot be used in conjunction with any other Redrow offer. Image typical of a Redrow homes. Price correct at time of going to press. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.