New Property Website to Rival Zoopla & Rightmove.....

www.propertyfile.co 

Property File is proud to announce it is featuring all of its properties at OnTheMarket.com, a new property website which launched on Monday, January 26^th 2015 as a direct competitor to Rightmove and Zoopla.

OnTheMarket.com is a mutual organisation focused on providing an outstanding service for property searchers, estate and letting agents, vendors and landlords. The venture has the support of more than 4,600 estate and lettings agency branches nationwide, including those of leading national, regional and local firms. OnTheMarket.com is expecting many more to join in the coming weeks after they have seen the website.

Estate and letting agents who have joined have moved hundreds of thousands of properties to OnTheMarket.com from other websites to create a unique set of listings which cannot be found elsewhere. In addition, many are choosing to launch their properties exclusively there first, at least 48 hours in advance of the other portals.

Neither Rightmove nor Zoopla can now claim their property listings cover the entire market because many estate and letting agents have left them to join OnTheMarket.com as the best platform to showcase their properties in the clearest and simplest way. 

The property search at OnTheMarket.com is slick, simple, fast and state-of-the-art, compatible with the latest technologies. The website adapts seamlessly to fit the screen of any device being used to view it. There is no clutter from irritating and distracting third party adverts, nor any spam email.

Every property at OnTheMarket.com is marketed by a locally-based estate or letting agent because OnTheMarket.com knows the majority of the public recognises the benefits of having a local professional in place who can manage the sales or lettings process on their behalf. Also, there is no substitute for their detailed knowledge of a property, the local area, the current market conditions and the vendor’s/landlord's personal circumstances.  OnTheMarket.com does not feature properties marketed by online-only agents.

Adrian Fallart, Director of Property File said: “We believe OnTheMarket.com will rapidly grow to become a major player in the portal market because it will provide a clean, crisp and simple search function and a highly effective platform for our vendor and landlord clients and be a great place to launch new properties onto the market.”

Ian Springett, Chief Executive of OnTheMarket.com, said: “We are delighted Property File has committed to OnTheMarket.com and we look forward to matching motivated buyers and tenants with all the properties our member agents are marketing for their clients in and around Stanstead Abbotts.” 

"Your local property experts, our advice is free but our knowledge is priceless" 

           
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”

 

Lack of affordability of local housing means good rental opportunities.................

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Following on from our recent articles on the right time to invest in the local property market we had a client come into our office to discuss their first Buy To Let. Their main concern was is it still a good time to buy property for rental purposes and is the demand still strong in the local area. 

The best way to judge this is to look at the affordability of local housing by simply finding the average property price and comparing to the average salary, the higher the ratio the less affordable property is and therefore the more likely that people will rent rather than buy.

To test this we found that Hoddesdon currently has an average property value of £302,000 and with the average salary quoted as £35,100 pa. This is a ratio of 1 to 8.6. Meaning a Mortgage of over 8 x salary and a deposit of over £15,000 would be required. 

With Mortgages being harder to obtain than in previous times and the amount of high deposits needed to proceed with a property purchase, for many people renting is continuing to be a very good option and this trend is likely to continue. Therefore it would stand to reason that for those with the means to be able to "Buy To Let" now is a good time.    

For more local property insight visit our new website at propertyfile.co and sign up for our newsletter.

"Your local property experts, our advice is free but our knowledge is priceless" 

           
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”

 

Stanstead Abbotts Property Prices............

www.propertyfile.co

Had a quiet moment in the office and checked out some Interesting statistics for property sales in Stanstead Abbotts over the last 12 months.

Most sold were apartments with an average price of £169,564. Terraced properties had an average sold price of £269,999 and semi-detached properties averaged at £368,406. 

Surprisingly there has only been 8 detached houses sold in the same period with an average price of £662,500 although this was mainly bumped up with one property being sold for £1.7 million!

If you have a property that your are considering selling in Stanstead Abbotts or any of the surrounding areas drop into our High Street office and we can discuss your options. 

"Your local property experts, our advice is free but our knowledge is priceless" 

           
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”

 

Needs Updating, potential Yield of around 5.5%, good capital growth

www.propertyfile.co

In need of updating there is potential here for a an investor to make a good "Yield" and capital growth. 

On the market at £300,000 you will need to spend some cash but once complete you can expect a monthly rental of £1400 to £1500 per calendar month which is a yield of around 5.5% as long as you control the spending.

Located in a good position within close proximity to the local School and not far from the High Street this is an ideal rental for a family looking to move to the village with its great facilities and commuting options. 

If your interested in Buy to Let and want some free advice why not drop into our High Street office and speak to your local property experts.

 

4 Bedroom House, Needs updating, £299,995 

"Your local lettings experts, our advice is free but our knowledge is priceless" 

           
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”

 

4.5% Yeild, Low Voids & Ready to Rent

www.propertyfile.co

Offered chain free and ready to rent, this property is located in the High Street of Stanstead Abbotts in close proximity to the train station so good option for tenants looking for an easy commute. We currently rent a very similar property in the same block and it has a great record of low void periods and low maintenance. Expect to achieve a rental of around £600 per calendar month which will return a "yield" of 4.5%, still better than cash in the bank with the future capital growth a good bonus.   
 

 

One Bedroom Apartment, Stanstead Abbotts, £134,995

"Your local lettings experts, our advice is free but our knowledge is priceless" 

           
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”

 

Stanstead Abbotts Property Values Increase by £519 per Week...

 www.propertyfile.co

Last week a local resident came into our offices in Stanstead Abbotts High  Street to discuss the rising property values in the area.  He owns  a varied portfolio in Hoddesdon Stanstead Abbotts and Ware so it was interesting to compare the increase in property values around. 

Over the last 12 months, in Stanstead Abbotts, average property values have risen from £330,700 to £357,700 a rise of £27,000 or over £519 per week. When we look at some of the surrounding areas, Ware has had an increase from an average property value of £359,000 to £388,000 which is an increase of £557 per week and Hoddesdon has the had an increase in average property values from £269,000 to £302,000 which equates to £33,000 or  £634 per week.

This gets even more interesting when you break down the increase into percentages as both Ware and Stanstead Abbotts, although the amount  slightly differs, have both had an increase of a little over 8.1% over the same 12 month period, a figure which is in line with the national average, but Hoddesdon has had an increase of over 12.3%, That's a third more in percentage terms but the actual average value still  remains considerably less than it is in Ware and Stanstead Abbotts. 

When considering the Landlords next purchase these figures are a good indication of where to invest. It shows that in both Stanstead Abbotts and Ware the growth is steady but your initial purchase price may be higher than that of Hoddesdon where you are likely to get good value for money with the opportunity of better capital growth, however the rentals achieved may well be higher in Stanstead Abbotts and Ware.

If you are looking to invest in the local area and are looking for some free advice just give us a call or drop into our offices and we will steer you in the right direction.     

Source—Zoopla ZED index    

"Your local lettings experts, our advice is free but our knowledge is priceless" 

           
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”