Tuesday, October 22, 2019

London price falls affect regional markets

Zoopla research, powered by Hometrack, provides some interesting insights as to how the London market 'ups and downs' affect our market here in East Anglia and the South East.

If you were wondering why your home may not be getting the interest that creates a sale then read the report. There is an encouraging end interpretation as to where this is leading that proposes better prospects for late 2019 and 2020 onwards.


Sunday, September 22, 2019

Updating your home's electrics?

Thursday, September 19, 2019

'New' Team at David Clark and Company, Ely

October 2019 saw the ‘new’ team at David Clark & Co estate agents taking shape in order to strongly finish a year characterised by concerns over Brexit, Stamp Duty, slow sales and a government ripped apart by leadership struggles.

This ‘Cabinet’ is made up of only strong members. 

David Clark, as an independent estate agent, has been in Ely for nearly 30 years and began his agency career here 40 years ago.

Barbara Harding has worked with David for over 20 years. She has an intimate knowledge of the area and is well known by the local conveyancing lawyers. Want your sale to go through? Put your trust in Barbara’s sale progression skills!

Aimee Wing has been with the firm for over two years. Currently the youngest team member but she has worked locally for 2 corporate estate agents and can now boast over 7 years experience, valuing and selling local homes.

Don Wheeler moved to David Clark and Co Lettings about a year ago and moved home from Suffolk to Sutton.  Mature and knowledgable, but with easy humour to handle the job of liaising with Landlords and tenants.

Our latest addition is someone returning to the firm after working for a well known ‘Country’ and upmarket homes agent in Cambridge for 15 years. Ashley Gwynn is most definitely a local having lived in Ely all his life. He had a 5-year spell with David at Clark & Stewart then spread his wings, but is now back with us. A great depth of experience that you should tap into to achieve the best price for your property.


Monday, February 9, 2015

Thinking of taking your pension as a lump sum?

In March 2014 Chancellor of the Exchequer George Osborne announced several radical changes to the ways you can manage and access your pension. These changes were confirmed in the Taxation of Pensions Bill published on October 14, and will take effect from April 2015.

The new pension rules have been designed to give savers greater control over their money going into retirement. The changes also abolish pension 'death tax', cover free guidance for savers and new restrictions on private pension contributions.
If you are nearing retirement, it is important you take these changes into account.

The biggest change was the proposal to allow individuals aged 55 or above to take the whole of their pension pot as a cash lump sum from April this year.
Currently, although you don’t have to buy an annuity with your pension pot you are not allowed to withdraw it all as a lump sum unless it falls under specific rules governing 'small pots'.  There are a range of options to choose from if your pension fund is not considered a 'small pot'  – including buying an annuity.

If you take all your pension pots as cash, you lose the option of converting them into a regular retirement income – for example, by buying an annuity. Cashing in your pension pots can also affect how much you’ll be entitled to receive in state benefits when retired. For example, if you boost your savings by taking your whole pension pot as a lump sum this may reduce your entitlement to Pension Credit.

We recommend that you take advice before deciding what to do. Also read http://bit.ly/1BVvhrq

If you do decide to take all the 'pot' then investing in a residential property to rent out has to be an option worth considering.

In Ely the average 2 bedroom house is currently achieving rents around £700 pcm. and gives an annual income of £8,400. The purchase price of such a house would be in the region of £180,000. This is a gross yield of 4.67%. If you take out management charges (these are currently allowable against income tax)  for the property at 10% plus VAT then the income falls to £7,392 and the net yield before tax becomes 4.1%.  Compare that with the best performing investments at the moment! The other area to bear in mind is the potential for capital growth in the value of the property although, perversely, this technically reduces your yield.

Maintenance and repairs are currently allowable against tax so boiler servicing etc are tax deductible.
As stated you should take professional advice on matters relating to your pension arrangements but if you need any advice on property matters we are here to help! Talk to the team about house purchase on Ely 665020 or specifically to Robert Mills about lettings and property management.

Saturday, January 18, 2014

The New Way to Market Your Property

As a truly forward thinking and independent estate agency, David Clark is proud to be the only agent in the area with an innovative online TV channel: www.clarkhomes.tv.
This tool is at the forefront of our service and is the latest and most cutting edge product in property marketing. David Clark TV shows our dedication and commitment to providing the best possible level of customer service. 

This revolutionary marketing tool showcases all of our properties with a high quality virtual tour, and is a method of marketing proven to be 48% more effective than traditional techniques. 
What’s more, you will be able to view these
virtual tours wherever you are and whenever
you want, as they are accessible from a variety of devices, such as smartphones, tablets and laptops. This means that not only will you be able to search for property on the go, but if you are selling your property, you know it will be receiving maximum exposure and coverage. 

“48% more effective than traditional techniques”

Our online presence is reinforced by our own website, as well as our Facebook and Twitter pages, while you will be able to share virtual tours across a range of social media platforms. 

On top of our social media presence and our online TV channel, we also give our properties coverage across the major property portals, such as Rightmove and Guildproperty. 
Ensuring that we fully maximise the exposure of our properties, we also provide regular local advertising and national newspaper features through our dedicated PR company who have contacts within The Times and The Telegraph. 

We employ a number of methods to ensure there is no shortage of interest in your property. Our instant email marketing goes out to our client database, who will become aware that your property is on the market. For further exposure, our Fine Homes brand can enhance your marketing, while our centrally located office is easily visible and found.

Thanks to our membership of the Movewithus network and the Guild of Professional Estate Agents, we can guarantee interest in our properties from over 1000 offices around the country, including a presence in London’s Park Lane thanks to the Guild. 

We make no overblown claims about our market share, sales figures or how 
aggressively we market homes, but more than 50% of our business comes from personal recommendation, showing our continued commitment to provide the best possible property service. 

Visit www.clarkhomes.tv to find out why David Clark TV is changing the way people search for property.

Saturday, October 19, 2013

David Clark and Company partner with Auction House

Selling a property by auction is easier than many people think, and the prices that are achieved are usually higher than expected too. We have become the local partner agent for Auction House and feel that their experience and effectiveness in auctioneering coupled with our local knowledge can create a very effective sales platform for certain types of property.
Strong regional and national presence.
Auction House is geared up to sell local property to local, regional and national buyers. We operate over 30 regional auction rooms including one in Central London.
'Local property should always be sold in region by experts who understand auctions and know the area. They will always do a better job and get a higher price. I think that is why Auction House is so successful'
Market Leaders in many areas.
Auction House operates more auction rooms, has more auctioneers and holds more auctions than anyone else in the UK. We are already the most successful, and market leaders in many parts of the country.
'National data shows that Auction House sells more lots and is market leader in several English and Welsh counties including Cumbria, Yorkshire, Lancashire, Lincolnshire, Cheshire, Norfolk and Pembrokeshire.'
Selling locally achieves higher prices.
Everyone selling a property wants to achieve the best possible price for it. Evidence shows the prices achieved through professionally run regional auctions is higher than at centralised auctions. Auction House are the acknowledged experts in the field and a logical first choice.
'Property sells for more money closer to home, which is why everyone appoints local estate agents. The same applies to selling by auction – choosing a regional auctioneer makes sense and you will be glad that you did'
Our regional auctioneers know your area and visit your property to provide an onsite appraisal.
Sellers need to be very wary of auctioneers who don't attend and inspect their property before giving advice on Guide Prices and Reserves. Auction House have auctioneers and valuers in your area who can meet you at the property, inspect it thoroughly and give you proper guidance.
'I don't see how anyone can know the value of a property without visiting it, seeing its condition and its surroundings. Not only that but how can they sell it effectively without knowing the opportunities that it offers'
UK's No.1 Residential Auctioneer and Top 5 Commercial Auctioneer Now the largest and most successful auctioneer outside London, with Sales in 2012 of 2,075 lots and a success rate of 80% - well ahead of other regional and national auctioneers.
'Auction House is the only national auctioneer with a network of regional auction rooms and the only company running professional auctions in widespread locations across the country. If you want to sell your property through a local auction room they are the natural first choice'
We are local, well known, trusted and respected in the area.
Our auction rooms are run by experienced and successful local companies. These businesses are already well known and respected in the area. Our auction teams live locally, know the area, have a wealth of knowledge and numerous contacts. You can feel reassured and confident your property is in safe hands.
'Not only do they know the area and the local property market, but Auction House also has an extensive register of active buyers. These are drawn from both their auction activities and their estate agency registers. Auction House sells more auction properties to end users, and local people who improve them for their own occupation, or as a rental investment.'
We are consistently more successful than other regional and national auctioneers.
Auction House outperforms other auctioneers, our 2012 success rate of 80% is well ahead of the national auctions average and the results of most regional auctioneers too.
'Anyone thinking of selling by auction needs to look at success rates. The fact Auction House is amongst the most successful in the country makes them the obvious first choice in your area'
Heavyweight well targeted marketing and open house viewings are part of a proven success formula.
Auction House delivers success using a powerful package of local, regional and national marketing and promotion. We combine our specialist local knowledge with regional promotion and extensive national brand publicity to generate more interest and competitive bidding in our auction rooms. We encourage telephone and proxy bids, and wherever possible website viewing of our auctions.
If you think you may have a property that would benefit from this method of sale or need to achieve a secure sale quickly then please call us initially on 01353 665020 or visit  http://bit.ly/16ZKw5Y