Latest Property News
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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.
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Average £ per square foot per month for rentals
Frome's rental market presents fascinating insights for both tenants and landlords, particularly when focusing on the average rental price per square foot. This metric, seldom talked about, offers a valuable perspective on how different areas of Frome command varying rental values. For tenants, understanding the price per square foot is essential for making informed decisions on where to rent, particularly when balancing location, size, and budget. For Frome landlords, this information is vital for setting competitive rental prices, ensuring your Frome property is priced in line with market expectations and optimising yield.
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House Price Rises in the Last 50 Years
The graphic illustrates the staggering percentage increases in house prices across various regions of the UK over the last 50 years. The data, sourced from Land Registry, Denton House Research and Nationwide, sheds light on how each part of the UK has seen unprecedented growth. Here’s a breakdown, listed in order of the size of growth:
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Renters’ Rights Act Update: What Frome Landlords Need to Know
On Wednesday, Parliament had the first reading of the Renters’ Rights Act, and I want to take a moment to reassure landlords that there’s really nothing groundbreaking in these proposals that should catch you off guard. In fact, most of the changes were part of the Conservative Party’s agenda before they lost power in July. Regardless of which political party is in charge, these reforms were set to come into play, so there’s no need to worry that anything revolutionary is happening.
Let’s break down what’s involved and how it might affect you as a Frome landlord.
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Frome Property Market: Navigating the Rollercoaster of the Last Six Years
The Frome property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing Frome's monthly house sales, expressed as a percentage of the six-year (2019 to 2024) average in blue. Also on the graph in orange is the Bank of England's base rate between 2019 to 2024.
By examining this six-year time frame, we can better understand the resilience of the local market and the influence of economic factors, particularly interest rates, on property transactions.
