Latest news and information - Rivendell Estates

Details: Published: 29 January 2024; Hits: 1351

Why You Shouldn’t Sell Your Frome Home in 2024

As a seasoned estate agent serving the Frome community, I've always prided myself on offering transparent, informed advice to local homeowners. Today, I'd like to provide a balanced perspective on the current housing market trends and what they could mean for those contemplating selling their Frome homes.

The housing market is an ever-evolving landscape, and recent forecasts present a mixed bag of predictions that Frome homeowners should consider before placing their 'For Sale' signs in their front gardens. According to the latest data, while the property market shows signs of recovery, it may be prudent for some sellers to exercise patience.

Details: Published: 24 January 2024; Hits: 1174

A Decade of Transformation: Frome's Rental Market Evolution

Frome's rental landscape has undergone significant changes in the past decade, and understanding these shifts is crucial for any astute landlord. To illuminate these trends, I have created an insightful heat map that vividly depicts the evolution of average rental prices across Frome over the last 10 years.

This heat map isn’t just a colourful representation; it's a powerful tool that reveals patterns and trends in rental pricing, providing a clear visual of how different areas in Frome have developed. This decade-long perspective is invaluable for landlords looking to adapt to the changing market and identify emerging opportunities for investment.

Details: Published: 16 January 2024; Hits: 1255

Mortgage War Will Save Frome Homeowners £3,950 a Year

In a recent financial turn, Frome residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the Frome housing market, directly affecting homeowners, landlords and first-time buyers in the town.

Let's delve into what this means for the local market, weighing up both the opportunities and the need for realistic expectations.

The Welcome Decline in Mortgage Rates

Leading the charge, Halifax announced on the 2^nd of January a significant 0.83% cut in its re-mortgage deals, a move promptly followed by other financial institutions.

Details: Published: 09 January 2024; Hits: 1325

Landlords - Please read 👀 January 2024 update !

It's time for new year, new you, and making resolutions that last beyond the first two weeks of January. This month marks what's set to be a monumental year, with a general election likely on the corner, and changes to the private rental sector with the upcoming Renters (Reform) Bill.

Parliament reopens to news of an upcoming general election
Prime Minister Rishi Sunak has suggested that the next general election will be in "the second half of this year", although there has also been speculation it would occur in May 2023. With parliament re-opening in January, it's clear that this year will be very interesting for Westminster.