Lettings

With three quarters of the year having passed (already!), we have a good amount of data on Wellingborough’s property market to look back at and hypothesise about what may happen in the coming months.

With three quarters of the year having passed (already!), we have a good amount of data on Wellingborough’s property market to look back at and hypothesise about what may happen in the coming months.

Between October 2022 and June 2023, the average asking price of properties for sale in Wellingborough remained above £270,000. In August this year, they have dropped to £264,334. From the peak to the current asking price, the drop is £13,423 (or 4.8%).

Between October 2022 and June 2023, the average asking price of properties for sale in Wellingborough remained above £270,000. In August this year, they have dropped to £264,334. From the peak to the current asking price, the drop is £13,423 (or 4.8%).

Subletting is a recurring subject in the world of rental property. For those who are not familiar with the term,subletting is when the original tenant named on the legal agreement moves out and rents the entire property to someone else. Alternatively, the original tenant stays in the property and rents out a room or multiple rooms. Unless the landlord has agreed to subletting, the act will be a breach of the tenancy agreement and constitutes grounds for eviction.

Subletting is a recurring subject in the world of rental property. For those who are not familiar with the term,subletting is when the original tenant named on the legal agreement moves out and rents the entire property to someone else. Alternatively, the original tenant stays in the property and rents out a room or multiple rooms. Unless the landlord has agreed to subletting, the act will be a breach of the tenancy agreement and constitutes grounds for eviction.

Despite the very steady start to the year, where Wellingborough asking prices remained at a very steadily level of around £276,600 for the first five months, we have now seen a three-month trend of falling asking prices from the peak of £277,653 in April this year to £265,861 in July.

Despite the very steady start to the year, where Wellingborough asking prices remained at a very steadily level of around £276,600 for the first five months, we have now seen a three-month trend of falling asking prices from the peak of £277,653 in April this year to £265,861 in July.

I look at how leading commentors view the property market taking into account economic uncertainty, a cost of living crisis, high interest rates, and rising inflation

I look at how leading commentors view the property market taking into account economic uncertainty, a cost of living crisis, high interest rates, and rising inflation

Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.

Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.