Daventry District Council CIL Levy Stiffles Land Supply
28th July 2017
If you are one of the many buyers out there looking for a building plot you will know that in the villages to the north and west of Northampton they are as rare as hens teeth. One of the problems is that Daventry District Council have fulfilled their five year housing supply target and as a consequence they are now applying a tax known as Community Infrastructure Levy to new permissions granted after April 2016. The tax is £220 per built square metre so if you are building a 2000 square foot house thats 185 square metres and £37,160 for Daventry Council. The only way around this is to build the house for your own occupation but the policy is stiffling the supply of small development sites as landowners refuse to release the land to the market whilst the levy is in place. The photo in this article is of a rare plot in Pitsford which was in excess of half an acre and which sold in July for £375,000 to an owner occupier but ask me how many other plots I have for sale right now and the answer is one small one in Cogenhoe. This situation will get worse as the drought conhtinues or until Daventry District Council change their policy of restricting consents for plots in rural areas.
Managing Director Richard Greener Estate Agents
Auction Case History
01st July 2016
Selling Houses - It’s A Piece Of Cake
23rd November 2015
Of the many success stories of 2015 the sale of Ling Cottage at Great Billing turned out to be the most appetisng of them all. Following the completion of the sale our client Vicky Robinson arrived at our town centre office with the gift of the most delicious cake made in the image of the house. Vicky's talent is plain to see can see from the photo of the actual house and the photo of the cake which is accurate to the finest detail. The house is of course still standing in all its glory but I ashamed to say that the cake didn't last too long sitting in our front office at the mercy of our hungry staff. For more examples of Vicky's talent visit her website at The happy Little Cake Company in Northampton
Record Results For 2015
19th March 2015
Contrary to many press reports and dire warnings of pre-election nerves the property market in Northampton has started the year with record results for Riachard Greener Estate Agents. January and February saw the residential sales team hit the ground running from the very start of the year and this pattern has continued on into March. The two week period commencing 23rd March and ending 3rd April saw no fewer than 21 properties sold subject to contract with the result that we are now in need of new instructions in many sectors of the market to satuisfy the needs of eager buyers. The biggest surge in interest has been in three bedroomed properties within the town in the price range £130,000 to £260,000 however there have also been a number of successful sales agreed higher up the price scale in the popular suburbs and villages close to the town. Demand for rental properties has also been high which is pushing up rents in the private rented sector with many properties now letting for as much as £50 a month more than at the same time last year. The Chancellor's Budget has spelled more good news for the property market with a special ISA for first time buyers saving for a deposit and an economic outlook that makes it highly likely that interst rates will remain at record low levels for the forseeablre future. Add this to the recent reduction in stamp duty rates for the middle market and the future for buyers and sellers is looking much brighter than at any time over the last few years.
Small Auctioneer Wins Big Prize
20th September 2013
Diminutive Northampton Estate Agent Richard Greener (height 5ft 6ins) was delighted to win a national award at the Auction House UK 2013 annual conference held in Warwickshire. Auction House is the largest residential property auctioneer in the UK with 35 branches across England, Scotland and Wales and has this year maintained the number one position for the company completing the largest volume of properties sold by public Auction.
Richard, pictured here with a giant Auction House gavel, was awarded the Best Small Auctioneer of The Year Award in 2012 and scooped the same award again in 2013 after achieving a record 91% average of lots sold through the Northampton sale room.
Richard Greener estate Agents joined Auction house in 2010 and are now recognised as market leaders in property auctions in Northampton with sales in excess of £6.7 Million so far in 2013 and regular auctions held at The Hilton Hotel, Collingtree once every two months. The next sale is on Wednesday 16th October 2013 For catalogue details go to www.auctionhouse.uk.net or contact Richard Greener on 01604 259773..
Auction Sales Grow in Popularity
28th December 2012
As 2012 draws to a watery close it is time to reflect on the sucesses of the past year and to look forward to the challenges of the year to come. House prices have stubbornly refused to rise in the past twelve months but have been equally reluctant to fall as many comentators predicted they would. What did happen in 2012 was that the volume of sales completed in the year increased. At Richard Greener Estate Agents we saw a 12% increase in sales and much of this was due to the popularity of our Auctions which were attended by over 700 buyers throughoput the year. Our last sale was in November and throughout 2012 we sold Lots to the value of £6.7 Million at a sucess rate of 80% of lots offered going under the hammer or immediately afterwards. There are six sales booked for 2013 and the first of these is on 12th February at The Northampton Hilton Hotel at Collingtree. Click on Auctions to view the lots on offer and if you are keen to sell by the quickest and most straight forward method please call our auctions team for a free marketing appraisal.
Auction House Award
05th January 2012
Auction House Scoops Gold and Silver at Estate Agency Oscars
Local property auctioneer Auction House has won the gold award for Best Franchise at the Estate Agent of The Year Awards, at a glittering award ceremony in London.
The awards - widely recognised as the benchmark for excellence throughout the estate agency industry – were held at The London Lancaster Hotel presented by explorer and globetrotter Ben Fogle.
Richard Greener from Auction House Northampton said: “This is a fantastic achievement for such a young brand and testimony of the importance of offering auctions alongside estate agency services. Our regional approach with expert local knowledge appeals to local buyers and sellers, with better prices being achieved as a result.
“We’re delighted that the judges have recognised the growing importance of the auction route to market, and that we are the very best estate agency support franchise in the United Kingdom. The award is a credit to the entire team, who provide all the necessary marketing, backup and assistance to our 25 auction rooms around the country.”
The brand’s auction room in West Yorkshire also won the silver award for Best Auctions Agency in the UK – the first time that an accolade for this category has been awarded.
Auction House UK was formed in July 2007 and is now the largest auctioneer outside London, accounting for 8% of all property auction sales nationally. The company, which is run on a license basis by Auction House UK Ltd, will hold 150 auctions in 2012 comprising up to 3,000 lots, with clients including local authorities, housing associations, plc landlords, government departments and financial institutions.
Richard Greener added: “This success comes on the back of our best November sales figures ever, and a cumulative success rate of over 80% - well above the national average.
“But crucially, these awards are testament to the fact that the industry itself now recognises the importance and potential of auctions in the estate agency arena.”
17th October 2011
ASBESTOS BUNGALOW SELLS FOR £455,000
Over two hundred potential house buyers were present at the Auction House Richard Greener property sale last week when eight out of ten lots were successfully sold under the hammer. The “star of the show” was undoubtedly Lot 8 a tiny detached bungalow dating from 1928 and built almost entirely of asbestos! The property had not been for sale for over 80 years and stands in protected woodland in the popular Northamptonshire village of Sywell.
“I knew this property would sell well the moment I saw it but even I was surprised at just how much it fetched” said Auctioneer Richard Greener. “We had several interesting lots but this one raced away as fierce bidding took the price well over the reserve and it was clear that there were several buyers keen to get their hands on what really was a once in a lifetime opportunity”
Several other properties were sold in the room including a large Victorian house on East Park Parade which fetched £342,000 even though it needs modernising and a mixed commercial and residential investment in Abington Avenue which made £166,000.
Auction House Richard Greener have held three sales so far in 2011 with an 80% success rate of properties selling in the room or immediately afterwards. The next sale of this year will be held on Thursday 10th November at The Hilton Hotel at Collingtree. For further details contact Richard Greener on 01604 230222
Stop Start Stop
06th September 2010
In 1980 I became the proud owner of a Triumph TR7 two seater sports car. The colour was white and the aerodynamic wedge shape of the bodywork was considered a step up from the succession of tired old MGB’s I had driven throughout the 1970’s. The TR7 had pop up headlamps which never seemed to pop up at the same time and it also came with twin carburettors which regrettably suffered from the same malfunction. The consequence of this was that the engine would purr like a kitten for about three weeks and then would cough and jerk like a Kangaroo for the next three weeks. Not only did this make my passengers sick but also cost a fortune in garage bills because the much vaunted twin carburettors had to be regularly tuned to work in unison. Those were the days when cars had “character” an early 1980’s euphemism for a complete pile of rubbish!
What’s the relevance of all this to the property market? Well if you’ll forgive the Noel Edmunds style “segue” I think the market is having a TR7 moment. There’s been much in the press this summer about the dangers of a double dip recession and falling house prices but am I bothered? No I’m not. Recent figures of encouraging growth in our economy and those of the USA, China and India bode well for the medium term future and this data does not sit comfortably alongside predictions of falling prices and volumes in the UK property market. I may not be in the driving seat but from where I do sit my prediction is that if we can get the twin carburettors of housing demand and the availability of credit to work in unison then the market will once again purr like a kitten instead of the stop start situation we find ourselves in today. If current levels of demand are an indicator of what’s around the corner the double dip will be nothing more than a cough and a splutter on the road to recovery.
I now drive a Range Rover, that’s another car with character!
Director Richard Greener Estate agents Ltd