Latest Property News
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9.1 million homes
Since the 1st of January 2019, 9.1 million homes have come onto the UK property market.
We at Rivendell-estates.co.uk wanted to look at the breakdown of the distribution of property types within that figure.
Most of these homes, 66% of these were houses. Flats made up around 20%, and bungalows accounted for 8%, reflecting the diverse nature of housing stock available across the country.
The remaining 6% includes various other types of properties, such as retirement homes, mixed-use residential and commercial properties, HMO’s and mobile homes etc.
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67 days to sell a home in Frome
In the bustling property market of Frome, the average time to sell a property with every Estate Agent currently stands at 67 days.
This is below the national average of 73 days.
Interestingly, the national length of time to sell one’s property a year ago was 58 days a year. The national increase in the time it takes to sell a property reflects broader changes in UK market dynamics, possibly influenced by economic factors and buyer behaviour.
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% of Homes Privately Rented
The latest Census data reveals the percentage of homes that are privately rented across various UK regions, providing insight into the distribution of private rental housing. Below is a list of each region by the percentage of homes privately rented:
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What the Renters’ Rights Bill Means for Frome Landlords
The Renters’ Rights Bill, recently announced by the Labour Government, introduces sweeping changes to the private rental sector in England. The Bill is not law yet as it needs to pass through parliament, still many landlords may feel apprehensive about these reforms. Yet it’s important to note that much of what the Bill introduces was going to introduced by the Tory’s earlier in the year (yet they ran out of time before the General Election). It has been discussed in detail over the past few months in my articles on the Frome property market.
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The Resurgence of the Frome Terraced House:
Or Has it Ever Been Out of Fashion?
The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder—did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red-brick Britain, is now being rediscovered by modern Frome buyers looking for more than just a place to live. They want a home, a slice of history, and the benefits of ownership that many newer properties simply don't provide.
