Kings Lynn Property News

10/04/2024

Who do you know who’ll be selling or letting a property soon? Have so many buyers and tenants on a waiting list 🙈

23/08/2023

Celebration of Ukraine Independence Day 🇺🇦
We are holding a small event in the Tuesday Market Place that will feature crafts, culture and song
Come celebrate with us on Thursday 24 August between 4.30pm-7.00pm.
ℹ https://bit.ly/3s6SVoa

17/05/2023

Updates from today

🏢🔑📋 Following Propertymark message this morning, the UK Parliament has now published the Renters (Reform) Bill along with a range of guidance covering key areas. 🏛️📜

As Propertymark has said throughout, improvements to the private rented sector are much needed but the detail must deliver a fair system for both landlords and tenants. 🏢🔧🤝

On initial review, the Bill and guidance are limited to the areas that Propertymark has been in ongoing discussion with DLUHC on, throughout recent months. 💼🔎📑

The key areas:

1️⃣ No fault eviction abolished, all tenancies to move to periodic
2️⃣ Introduce more possession grounds where tenants are at fault, for example in cases of anti-social behaviour and repeat rent arrears
3️⃣ Provide stronger protections against retaliatory evictions
4️⃣ Introduce a new Private Rented Sector Ombudsman to reduce pressure on the courts
5️⃣ Create a Portal for landlords and tenants to understand responsibilities and obligations
6️⃣ Give tenants the right to request a pet in the property. Landlords will be able to require pet insurance to cover any damage to their property 🐾🏠

Further improvements to the private rented sector:

7️⃣ Align the abolition of Section 21 and new possession grounds with court improvements including the end-to-end digitisation of the process and prioritisation of anti-social behaviour cases. 📜💻🚫

Beyond this, the intention is to focus on applying the Decent Homes Standard to the private rented sector and strengthen local councils' enforcement powers to help target criminal landlords. 🏠🔧🔒

For more information, you can contact My House Online at:
📞 Phone: +44 (0)1553 670179
📧 Email: [email protected]
💻 Website: www.myhouseonline.co.uk

12/05/2023

28/04/2023

Hey everyone 👋, I wanted to share some interesting news 📰 about the rental market in Kings Lynn 🏘️. As many of you may know, the rental market has been on the rise lately 📈, and Kings Lynn is no exception. In fact, the average rent in Kings Lynn has increased in line with general trends ⬆️.

For those of you who are investors 💰 or are interested in the rental market 🏢, this may be something to keep in mind 🤔. The rental market in Kings Lynn, and indeed in Norfolk as a whole, is a great place to invest right now 💸.

What are your thoughts 💭 on the rental market in Kings Lynn? Have you noticed any changes lately? Let's start a conversation in the comments below 💬.

🌳 🏰 🏠 💰

20/03/2023

Property market update :

Asking prices across England and Wales slipped a further 0.6% during February, making the year-on-year growth negative (-0.5%) for the first time since Dec 2019.
• The Typical Time on Market for unsold property in England and Wales dropped by five days during February to make the median 95 days, showing that the market is picking up pace as demand increases.
• Asking prices in February fell in Wales, Scotland and all English regions except the North West and West Midlands where there was no change.
• The total sales stock count for England and Wales increased in February by just 3,585 to reach 372,638, indicating that property remains scarce relative to the 10-year average of 422,668.
• The supply rate of new instructions remains subdued, dipping 1% last month compared to February 2022.
• The East of England shows a remarkable drop in Typical Time on Market from 91 to 78 days, which is considerably lower than it was in February 2019.
• The Scottish property market falls into second place in terms of annualised regional price growth (4.0%), behind the North West at 4.1%.
• Rents across Greater London continue to rise, up 21.4% year-on-year. Low supply is still a persistent problem although the pace of the rent hikes in the more central boroughs has slowed somewhat over recent months.
• The current new growth leaders in asking rents are the outer London boroughs of Brent, Harrow and Ealing (+35%, +34% and +32% annualised respectively).

07/02/2023

Looking for the best letting agency in Kings Lynn?

07/09/2022

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24/08/2022

🔥RENTAL MARKET CHANGES IN FORCE AND SOON TO COME IN ENGLAND AUGUST 2022🔥

🏘 Section 21 to be abolished, grounds for section 8 will be strengthened, to help support landlords that want to recover their properties.

🎯Periodic tenancies to become standard
All tenants on an Assured Tenancy or Assured Shorthold Tenancy will be moved onto a single system of periodic tenancies, and will need to give 2 months' notice to leave.

💥A legally-binding Decent Homes Standard Setting these standards

💂‍♀️A new Private Renters' Ombudsman - government-approved Ombudsman covering all private landlords who rent out property in England - regardless of whether they use a letting agent - membership will be mandatory.

👩‍💼A property portal for landlords to "provide a single ‘front door’ to help landlords understand, and demonstrate compliance with their legal requirements".

🔑🛏🪑Landlords will need to give 2 months' notice for rent increases Rent increases - are limited to once per year - no rent review clauses.

🧚‍♂️🧌🧝‍♂️Pets. The government will legislate to ensure landlords don't unreasonably withhold consent when a tenant requests to have a pet in their home, to include pet insurance as a permitted payment.

👨‍👩‍👦👩‍👧‍👦👨‍👨‍👧‍👧👩‍👩‍👧It will become illegal for landlords or letting agents to have blanket bans on renting to families with children or those in receipt of benefits ("No DSS").

😍Agents and landlords can make use of IDVT to conduct digital identity checks for applicants that aren't eligible to use the Home Office's online checking service - including British and Irish citizens - in effect from 6 April 2022.

🔥1 October 2022 in England, under The Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022 - test alarms, check alarm expiry date, smoke alarms meet BS 5839-6 standards while carbon monoxide alarms should meet BS 50291 standards - but they can be either battery-powered or hardwired systems

🎃Every lived-in room in a landlord's property that has a fixed combustion appliance - excluding gas cookers in England - will need a carbon monoxide alarm.

👩‍💻Important for private landlords, as unless you're a professional full-time landlord, you're probably not set up and there are going to be systems you've got to have in place by April 2024

💼 Plans to increase the required rating to EPC band C by 2025 for new tenancies in private rented homes and for all tenancies by 2028

⚓️1 April 2023 - Second homeowners will need to rent their property out for a minimum of 70 days per year to access small business rate relief, rather than paying council tax

If you are looking for an agent who keeps you compliant, give us a call My House Online

28/07/2022

Did you know that average house prices in Kings Lynn have risen by 56% since 10 years ago.

Try free valuation and property reporting tool to find out what is happening in your area

https://myhouseonline.research.homesearch.co.uk

28/07/2022

02/06/2022

We hope you are all enjoying the start of the The Queen’s Platinum Jubilee celebrations 👑
Here’s what’s on in King’s Lynn over the next few days…
Thank you to Your Local Paper for the rundown of events in the town.

26/05/2022

Ideal investment or a first time buyer opportunity. If you would like to find out how to maximise on your investment or what you can rent this property for - pm us for free advice

19/05/2022

Kings lynn town centre is repurposing

https://www.visionkingslynn.co.uk/projects/town-centre-repurposing/?fbclid=IwAR2RxOMZRbpukoEgA9JcuiWec7eojqfTHQdpg0fY8iWIaCryX_QZP5OwoG8

Repurposed units will be occupied by businesses on the ground floor with the potential to facilitate town centre living or other alternative uses above.

06/05/2022

Are you thinking of moving to Kings Lynn?

Today, we were asked for advice from an apprentice who is moving to the area and is looking for suitable accommodation. So I thought I thought I would share it with school leavers or anyone who is completely new to the property market. Please feel free to add any further advice or information that may be useful for newcomers in the comments below.

So if someone is moving to Kings Lynn and need to find short term stay accommodation there are various routes that they could take. Everything very much depends on their budget, length of time they are planning to stay and of course expectations.

If the apprentice is prepared to invest into better quality accommodation, doesn’t want to share and they can source their own furniture then they would be better off searching on the sites such as for an individual one or two bed flat or a house – prices vary, and they need to remember that they will be responsible for rent and separately for such bills as council tax, water, gas, electricity and internet/phone line

www.rightmove.co.uk
www.zoopla.co.uk
www.onthemarket.co.uk
www.myhouseonline.co.uk

If the apprentice has got a substantial budget for accommodation, they could rent a fully furnished and all-inclusive house or a flat in a style of a holiday place from
www.booking.com
www.airbnb.com
www.shortstayengland.co.uk

If the apprentice would like to save some money at least at the beginning of their course, they could consider house share with other students, local workers or possibly even renting a room where the owners are residing as well.

www.airbnb.com
www.sparerooms.com
www.myhouseonline.co.uk

Share accommodation often provides good quality accommodation, with a private ensuite bathroom and shared facilities such as a kitchen, lounge and laundry room.
All accommodations are different and it's best to do your own research and check that the landlord is a genuine individual or an agency.
Shared accommodation such as Housing of Multiple Occupation (HMO) or service accommodation would usually have all the bills included in the rent.

24/02/2022

Millions of people in Ukraine are facing an imminent humanitarian crisi… Association of Ukrainians in GB needs your support for Help Ukraine Emergency Appeal