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Inside Property spring/summer 2017

RESIDENTIAL SALES

House Price Predictions for 2017 BUYING A NEW HOME ?

The Property Valuation Explained

LETTINGS

Landlords Buy to Let Tax Changes COMMERCIAL PROPERTY NEWS

A Return To The City Centre for Businesses

Showcasing 30 Properties Across Leicestershire


“furniture of distinction”


spring/summer 2017

Hello and a very warm welcome to the first edition of Inside Property. If, like me, you are interested in the ever changing world of property – from the family home to commercial units – you’ll find plenty of articles, properties and updates of interest in the following pages. When deciding to put together this publication, we thought that it made sense to ask the heads of our different departments what current issues they felt would be of interest to readers. Given that they spend most of their time communicating with our clients, they have a good understanding of how their particular markets are performing, what concerns our clients have and most importantly, what opportunities lie out there. I hope you enjoy their insights into the market and that it gives you an understanding of the extensive breadth of knowledge that the team at Andrew Granger & Co has access to. Between our three branches in Leicestershire, we have an extraordinary level of expertise covering all types of property in all types of environment. So, as well as some beautiful houses over the coming pages, you can expect useful property tips and insights into the market as it stands at the start of 2017. Mark Sandall Joint Managing Director Andrew Granger & Co.

Inside... 2 Residential Sales Mark Sandall looks into the predictions for house prices in 2017 12 Country Home & Equestrian Country living across the County 20 Survey & Valuation The property valuation process explained by Geoff Milnes 21 Professional Services Meet the Andrew Granger team of experienced professionals in our surveying team 26 Planning & Development Stephen Mair asseses the governments plans to ‘fix the broken housing market’ 30 Rural Catch up with Andrew Granger’s team of experts in the rural market 38 Lettings News on the expansion of our Market Harborough lettings team 44 Commercial Kevin Skipworth reports on the rise of city centre based businesses 48 A Day in the Life.. . Jill Griffiths from our lettings team reveals her busy working day

plus... Over 30 properties and business premises on the market - to buy or to let across the County, available from Andrew Granger & Co.

Disclaimer: Although every effort is made to ensure the accuracy of material in this publication, the editor can accept no responsibility for the veracity of claims by contributors in either editorial or advertising. Copyright: All text, images and design in this publication are subject to copyright. Any unauthorised duplication is strictly prohibited. All artwork is accepted on the strict condition that permission has been given to use it in this publication. Design and Print: Urban Fox Media. For details on advertising in Inside Pages call Steve Lenaghan on 0773861425 or email steve@theurban-fox.co.uk.


ANDREW GRANGER & CO RESIDENTIAL SALES

House Price Predictions for 2017 With many events impacting on people’s decisions about whether to buy or sell property this year, Mark Sandall at Andrew Granger looks into predictions for house prices for 2017

In 2016 there were two major influences on property prices: stamp duty and the EU referendum.

Districts in the Leicestershire region regularly attract positive attention from national surveys.

Although the property market immediately slowed in response to the vote to leave the European Union, since then the economy has remained resilient and house prices have steadily risen.

In the Halifax Quality of Life survey for 2016, two Leicestershire districts are rated within the top fifty local authority districts for quality of life, based on employment, housing, environment and health amongst other areas.

Despite the air of uncertainty lingering due to the triggering of Article 50, predictions for the property market remain cautiously optimistic. No one predicts a bumper year of record growth and frantic market activity, but hopes are high for steady growth. Halifax housing economist Martin Ellis is optimistic about the coming year saying: “UK house prices continue to be supported by an ongoing shortage of property for sale, low levels of housebuilding, and exceptionally low interest rates.” He goes on to say that these factors are unlikely to change much during 2017. The Royal Institution of Chartered Surveyors (RICS) has predicted nationwide house price rises of 3% during 2017. The organisation cites lack of supply as an issue, which is good news for those considering selling their homes. The Halifax’s annual forecast predicts that 2017 will bring an overall rise of between 1 and 4 per cent, compared to the 6 per cent gain in 2016. This would mean that the average house price in Britain will reach between £220,000 and £226,000 in 2017, a rise of at least £2000 from the current level of £218,000. It remains to be seen exactly what impact the government’s housing white paper will have on the market. Announced in January, the white paper includes measures such as introducing a “lifetime ISA” to help first-time buyers save for a deposit and ensuring that councils produce an up-to-date plan for housing demand. What’s happening in Leicestershire? Fortunately, property prospects in Leicestershire look positive. There are lots of new build projects taking place across the region from Kibworth to Hinckley and up to Coalville and Loughborough as preparations are being made to cope with the growing demand for housing in the county. 2

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Rutland was ranked 28th and Market Harborough 46th. In addition, places such as Market Harborough and Leicester have great train links to London and other commercial centres such as Birmingham and Nottingham, making them popular choices with commuters. Properties in areas with good transport links and which are perceived to offer a high standard of living will always be popular and attract premium prices. Cheapest and most expensive areas With beautiful countryside and excellent access to the city and local towns, Leicester is undoubtedly a great place to live and to grow up. Just ask David Attenborough, Gary Lineker or Kasabian who have all lived here. Add to that the attractions of the King Richard III Centre, local festivals, varied shopping, excellent universities and a healthy economy and it’s easy to see why Leicestershire has something for everyone. According to figures from Right Move the top three highest and lowest house price areas were: Highest house prices: • Edith Weston (LE15 8) at an average of £413k • Wymondham (LE14 2) at an average of £374k • Rearsby (LE7 4) at an average of £368k Lowest house prices: • City centre (LE1 2) at an average of £71.3k • West Bridge (LE3 5) at an average of £120k • Abbey Park (LE4 2) at an average of £128k If you are looking to buy or sell a property, the experienced sales team at Andrew Granger & Co has the local knowledge to help you achieve a successful transaction.


Residential Sales

Main Street, Queniborough A delightful four bedroom, three bathroom Grade II Listed thatched cottage of immense charm and character having the advantage of a large detached garage with adjoining two storey studio annexe and generously sized gardens backing onto open countryside, located in the heart of this picturesque and highly desirable north Leicestershire village of Queniborough. Loughborough Office I 01509 235534 Guide Price ÂŁ695,000

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Residential Sales

James Way, Scraptoft An immaculately presented five bedroom detached family home situated in an exclusive position close to the heart of Scraptoft. Recently constructed by Davidson Homes the property has been updated and improved by the current vendors to form a stunning executive family home with accommodation arranged over three floors. Leicester Office I 0116 242 9922 ÂŁ610,000

SOLD

Westcotes Drive, Leicester An Edwardian five bedroom villa combining character with contemporary styling, presented in good order. Situated in the fashionable conservation area West End district of Leicester. Leicester Office I 0116 242 9922 Sold through the Leicester Office

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LEICESTERSHIRE’S LEADING INDEPENDENT RETAILER OF QUALITY CARPETS, RUGS, WOOD AND VINYL FLOORING. VISIT YOUR LOCAL STORE TODAY: LEICESTER, OADBY, ENDERBY, BROUGHTON ASTLEY. WWW.MICHAEL-JOHN.CO.UK


Buddon Lane, Quorn A large detached family home with views over adjoining fields affords an idyllic cul de sac position at the end of Buddon Lane in Quorn, one of the most sought after locations in the area. This THREE RECEPTION ROOM, SIX BEDROOM detached home is modern and spacious with a recently modernised kitchen, utility and family bathroom and a newly landscaped rear garden. There are two large bedrooms and a bathroom on the ground floor which could be suited to an extended family, teenagers or business purposes. In brief the accommodation may be described as: Enclosed entrance porch, Entrance hall, Cloakroom with W.C, Study, Lounge 22’9 x 11’9 with inglenook fireplace, separate Dining Room 14’3 x 11’6, newly fitted Breakfast Kitchen, Utility, rear lobby, two Bedrooms, Bathroom and Boxroom. Landing, master Bedroom with en suite Shower room, three further Bedrooms and remodelled Bathroom. Outside there is car parking, triple garaging and south facing rear gardens. Loughborough Office I 01509 235 534 £750,000

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Residential Sales

Glenfield Road, Western Park VIEWING ESSENTIAL to appreciate this stunning and sympathetically restored four bedroom period residence, situated on the fringes of the highly sought after and well established residential area of Western Park. Having been extended and much improved the beautifully presented accommodation comprises entrance hall, sitting room, dining room, breakfast kitchen, utility room, cloaks/wc. First floor, landing, four bedrooms, luxury bathroom. Outside: tandem garage, attractive garden to rear with loggia and garden shed. EPC E. Leicester Office I 0116 242 9922 ÂŁ425,000

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Sycamore Close, Stretton Hall An outstanding and beautifully presented six bedroom family home situated in a delightful backwater setting within the highly desirable and sought after Stretton Hall development. The property offers generous and spacious accommodation arranged over three floors and stands on mature secluded grounds approached via electrically operated gates. The accommodation has the benefit of gas fired central heating and double glazing and comprises spacious entrance hallway with wood staircase rising to first floor and cloaks/wc off, sitting room opening to dining room, superb open plan living/dining kitchen with Dewhirst kitchen, utility room, study, snug with wc off. First floor, galleried landing, master bedroom with ensuite, second bedroom with ensuite, bedroom three and four with sitting areas and family bathroom. Second floor, landing, shower room and two further generous bedrooms. Outside: mature gardens, ample car standing and double garage and gardens to rear and side. EPC C. Leicester Office I 0116 242 9922 ÂŁ950,000

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Residential Sales

Brooksby Road, Hoby A fabulous modern four bedroom, two bathroom detached family house built around 2001 on two storeys, delightful setting on the edge of this highly regarded and much favoured village location surrounded by attractive open countryside. The property also includes a solar system and in brief the spacious accommodation may be described as: Reception hall, Cloakroom with W.C, Lounge 20’0 x 13’3 having inglenook fireplace, Dining room, newly fitted Breakfast Kitchen by Dale Penny with integrated appliances, Utility and Study. Landing, master Bedroom with en suite Bathroom, guest Bedroom having adjoining Family room/ Games room, two further Bedrooms and Bathroom. Outside there is a block paved driveway, double garage, landscaped rear garden and an adjacent grass paddock. Loughborough Office I 01509 235 534 £595,000

SOLD

The Spinney, Desford A rare opportunity to purchase a superb four bedroom detached family residence situated on the fringes of the highly desirable and sought after village of Desford. Leicester Office I 0116 242 9922 Sold through the Leicester Office

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Advertising Feature

Creating the ‘London Look’ At Maison Interiors, our ethos is to deliver inspirational interiors for the way the client wants to live. Understanding and interpreting our clients’ aesthetic and lifestyle, tastes and aspirations. We pride ourselves on providing the very best in home décor from beautiful bespoke furniture and flooring to curtains, lighting and accessories.

to a neutral back drop and adding splashes of jewel colours such as emerald, ruby, sapphire, magenta and teal. If opting for wallpaper, Use pattern sparingly. Damask, stripes and clean geometric patterns all work well.

Each project is designed with close attention to detail, managed and implemented with great care.

Material Luxurious living is all about using an assortment of different fabrics, finishes and textures. Opt for a silk or crushed velvet sofa with as many scatter cushions as you can squeeze on. For the cushions use a combination of different materials, making sure to tie in your sofa and curtain fabrics. Choose high gloss finishes for occasional items, such as a side or console table, and mix with chrome, marble and stone.

Our own craftsmen and bespoke furniture makers create seamless well executed and beautifully finished projects, delivered on time & on budget. Working primarily in and around Leicestershire and the Home Counties on schemes that range from small intimate spaces to large renovations and refurbishments, our in house designer Zoe Hubbard works closely with each client to ensure a mutual understanding at every stage of the project. Zoe says “I am so proud to work so closely with Maison Interiors as I am able to offer Leicester made products that are long lasting and fantastic value for money.” Since Maison Interiors was founded we have been committed to delivering exceptional, comfortable and individual homes that give enduring pleasure. Zoe will lead your project from a planning and creative point of view, supported by her team to assist with drawings, budget and project management. Our creative team’s attention to detail and meticulous care, result in luxurious bespoke interiors. One of our favourite home styles for 2017 is the ‘London Look’, recreating all the glamour of a London boutique hotel in your own home. “Opulent textures and fabrics, combined with beautiful furniture and finishes are essential for this elegant and timeless look”, says Zoe. Here’s how you can get the look… Colour Typically a luxury interior will have a neutral palette, with calming tones of grey, taupe, brown, champagne, ivory and mink, occasionally with black contrast details. But if you can’t live without colour, it’s still possible to create a luxe look by keeping

Lighting Set the scene for your opulent room by layering your lighting. Use candles and a fire to create ambient lighting and to soften shadows on people’s faces and fill the space with a warm glow. Team this with uplighters to highlight objects – art work, cornicing etc. - and add depth and dimension. Finally incorporate decorative lighting such as chandeliers and decorative table and floor lamps for sparkle and interest. Flooring Opt for high lacquered wooden floors or high sheen marble tiles, then add warmth with a large area rug. Thick, fluffy and luxurious shag pile rugs work well to create warmth, but for a higher-end look, it’s wool all the way. Soft but durable you definitely get what you pay for. Choose a neutral colour to reflect your interior scheme or for added interest opt for a simple self-pattern design. Accessories The beauty of this look, is that you’re not restricted to a specific design period. Whether you love retro, contemporary or antique, all can be adapted to create a luxe feel. Whatever your style, ensure that accessories are dazzling, reflective and confident. Choose pieces which catch the eye, set the tone and say something about you. Precious metals, glass and mirror are perfect for decorative objects. Finally you don’t have to opt for the most expensive fabrics and furnishings for all aspects of this interior scheme. There are plenty of alternatives that will create the same look without breaking the bank and will still stand the test of time in terms of design and durability. If we can help you achieve your London Look or any other home style, call Zoe for a FREE coffee consultation on 0116 271 2584 or pop into our lifestyle store at 37-41 London Road, Oadby, Leicester, LE2 5DL.

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Country Home & E q ue s t r i a n

Experts in the Sale of Country Homes & Equestrian Property The professional expertise and local knowledge of our agents allows vendors and purchasers access to a specialised property agency. We feel that all equestrian properties from individual paddocks to commercial stables are all different and require refined and targeted advertisement campaigns with knowledgeable negotiators. We appreciate how the value of assets such as stables, menages and land enhance a property as well as the frustration in search­ing through badly drafted sales literature to find suit­able facilities for your circumstances. We offer local and independent property advice from the Midlands combined with national cover­age. We advertise in a range of publications and portals such as local papers, Rightmove.com and OnTheMarket.com to more specialist outlets in­cluding UKLandandFarms.com Country Life and Horse and Hound.

Knowledge Equestrian properties are more complicated than a typical house sale. It is important for an agent to know the technical specifications and complica­tions of the properties so issues can be identified and avoided.

Methods of Sale Our appreciation and experience of the variety of our clients ensures we can adapt our methods to the property and the individual. We are able to offer a wide spectrum of services tailored to: • • •

high profile prestige properties local interest properties such as paddocks and small yards discrete sales and lettings

Marketing Appraisals For a free Marketing Appraisal please get in touch, we would be delighted for one of our experts to visit your property to discuss your requirements and provide you with a report detailing our advice and recommendations.

Shows We have enjoyed our recent event sponsorships and will be returning to South Kilworth Riding Club’s shows in the summer as well as attending other events across the region.

Social Media In addition to the traditional media we also have bespoke social media outlets for Country Home and Equestrian. To find out how we can help or for more information please call 01858 439 441.

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Country Homes & Equestrian

Lodge Hill Farm, Church Broughton, Derbyshire

SOLD

A large traditional brick Farmhouse located in open countryside down a shared private drive. The property benefits from an extensive range of traditional and modern buildings and 4.7 hectares (11.5 acres) or thereabouts of pasture. The property has the potential to become an extraordinary rural residence or large family home if modernised and renovated. The property fully extends to 6.214 hectares (15.356 acres) or thereabouts. The site is a former dairy farm and is set out across three separate levels with their own accesses off the drive. There are multiple buildings and surfaced yards that would lend themselves towards lifestyle users as well as hobby farming or equestrian use. Access to the Farmhouse is along the privately owned driveway to Barton Hall and is located near the village of Church Broughton in rural Derbyshire. The property benefits from excellent communications with the nearby A50 and A515 providing links to Uttoxetter, Ashbourne and Derbyshire and more generally the East and West Midlands. The Property is located within 20 miles of East Midlands Airport and 22 miles from East Midlands Parkway Railway Station offering regular commuter trains to London St Pancras and the north. Loughborough Office I 01509 243 720 Sold through the Loughborough Office

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Country Homes & Equestrian

Narborough Wood Cottage, Enderby Narborough Wood Cottage comprises a unique opportunity to purchase a substantial family home standing on grounds of approximately 1.719 acres with a large versatile outbuilding measuring 51’5ft x 18’11ft (15.695 max x 5.768). The property was formerly two cottages and now offers spacious and flexible living accommodation arranged over two floors with the benefit of oil fired central heating and security alarm system. In brief comprises entrance hall, dining kitchen with open fireplace, sitting room, dining room, utility room, cloaks/ wc and rear lobby, large conservatory, first floor, landing, master bedroom with ensuite and dressing room, four further bedrooms and family bathroom. Outside: gardens, ample off road parking, large outbuilding with 3 phase electric, paddock land extending to approximately 1.161 acres.EPC F. Leicester Office I 0116 242 9922 Guide Price £499,950

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“furniture of distinction”


Long Lane, Billesdon A delightful 4 bedroomed 17th Century Grade II Listed detached thatched cruck cottage of immense charm and character, with planning permission for the erection of a double garage, situated within one of east Leicestershire’s most desirable villages. Market Harborough Office I 01858 431 315 Price Guide £455,000

The Clock House, East Langton An exceptionally spacious and highly individual 3 bedroomed conversion of The Old Stables forming part of an exclusive courtyard development located within the heart of the picturesque south Leicestershire village of East Langton. Market Harborough Office I 01858 431 315 Price Guide £375,000

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Residential Sales

SOLD

The Old Rectory, Desford A rare opportunity to purchase “The Old Rectory� in Desford which is believed to date back to the 13th Century. The property has been comprehensively updated and improved over the years to form a unique spacious family home with well proportioned light and airy rooms. This delightful family home which stands on a generous plot offers countryside views, extensive gardens and its very own private lake, yet is located in the heart of this highly sought after village on the outskirts of Leicester. Double wooden gates open up to a long sweeping driveway which gives access to this fabulous building. Offering five bedrooms, three bathrooms, four reception rooms, kitchen/diner & utility room. Outside: there is a separate heated indoor swimming pool with shower room & changing room, double garage & outbuildings. The Old Rectory is one of those timeless properties that only comes for sale once a lifetime and early viewings are highly recommended. EPC D. Leicester Office I 0116 242 9922 Sold through the Leicester Office

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Residential Sales

SOLD

Avoca Close, Leicester

Welford Road, Leicester

Built circa 1930’s this three bedroom semi detached property offers accommodation to include: Entrance hall, lounge, kitchen/diner. First floor landing, three bedrooms and family bathroom. The property benefits from having gas fired central heating and single glazing. Driveway & garden to front aspect, further mature gardens to rear. EPC D.

Attractively styled and beautifully presented three bedroom traditional style extended detached family residence situated within the popular and convenient location of Welford Road on the fringes to the south of Leicester City Centre. Outside: car standing to front with landscaped low maintenance garden, gated access leading to rear garden of good size. EPC F.

Leicester Office I 0116 242 9922 Sold through the Leicester Office

Leicester Office I 0116 242 9922 OIRO £295,000

SOLD

Mill Close, Birstall

Grange Lane, Thurnby

The property was originally constructed by Messrs Sutton’s Builders in 1997 and offers unique accommodation benefitting from double glazing, gas fired central heating and comprising entrance hallway, dual aspect sitting room with living flame effect gas fire, breakfast kitchen with access out on to the rear garden. First floor, landing, two good sized bedrooms each with the benefit of built in wardrobes, generous shower room. Outside: attractive courtyard gardens to the rear, off road parking and single open cart barn garage.

This delightful and sympathetically improved detached dwelling believed to date back to circa 1860. Having been extended and redesigned by the current owners.

Leicester Office I 0116 242 9922 £225,000

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Leicester Office I 0116 242 9922 Sold through the Leicester Office


WHEN YOU FIND YOUR FOREVER HOME With access to the whole of the market, we can tailor a mortgage to your unique circumstances today with the flexibility to adapt to tomorrow. Because forever is a very long time. To find out more or to arrange a FREE consultation call

0116 269 6311

For the life you want to live

FURNLEYHOUSE.CO.UK Furnley House Ltd is Authorised and Regulated by the Financial Conduct Authority.


Survey & Valuation

ANDREW GRANGER & CO SURVEY & VALUATION

The Property Valuation Explained When buying a property, the valuation and survey is a key part of the process. Here, Geoff Milnes at Andrew Granger & Co explains the valuation procedure and how you can ensure that your new home has no unexpected problems. The Homebuyer’s reports A Homebuyer’s Report is one of the most common types of work carried out by surveyors. The main difference between a homebuyer’s report and a mortgage valuation is that it is carried out in much more depth and focuses on the condition of your property. It provides a detailed report about any areas of work that may cause concern to a buyer. It should stop any nasty surprises after moving in such as discovering a leaky roof or damp problems. What a homebuyer’s report contains A homebuyer’s report will help you to discover whether there are any structural problems such as subsidence and major problems with the construction of the property. The types of things they are looking for include: • • • • • • • • Once you have agreed a purchase price the next stage is to arrange for a survey on the property. Buying a house, flat or office without a survey is never a good idea. With property (especially an older property) there are so many aspects that are hidden to the casual viewer it is always a good idea to bring in an expert who can offer an independent view and give advice on any potential problems. Too often buyers rely on the Mortgage Valuation, forgetting that this is purely a valuation for the Mortgage provider’s purposes only, and not a survey for the buyer. What is a surveyor? Chartered Surveyors are members of the Royal Institution of Chartered Surveyors (RICS) and are property professionals qualified to ascertain how much a property is worth in accordance with its condition and current market value. They are also able to use their knowledge and experience to assess any defects in the property and their cause and remedy. How do surveyors survey and value a property? Surveyors follow strict guidelines that are set down by the Royal Institution of Chartered Surveyors (RICS). By following this detailed inspection process, a surveyor will assess both the inside and outside of a property. This includes all external elements (roof, walls, windows, damp proof courses, drains, etc.), as well as internal elements (roof space, ceilings, walls, floors, etc. ) and a visual inspection of services. 20

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How much wear and tear there is to the inside and outside of the property Whether there have been structural improvements made to the property Whether the property requires structural improvements or repairs and the urgency of them Whether the property has double glazing and other energy saving features Whether internal fittings (bathroom, kitchen, etc.) are in reasonable order Whether there is any subsidence Whether there is damp or decay anywhere Whether there are any plumbing problems

Other more general aspects that are taken into account by a surveyor when valuing a property include: • • • • • • • • •

The location The demand for property in the immediate vicinity The desirability of the property The age of the property The size of the property The size and condition of any associated land The room layouts How much storage space the property has Whether there is off road car parking

Do you always need a homebuyer’s report when buying a property? YES! Surveyors’ reports usually find some issues, especially if your home is old. It’s far better to be aware of these issues relating to your new home and purchase with your eyes wide open. Having a survey will make you aware of any problems, their significance, and could enable you to re-negotiate the purchase price if the costs of repair are significant. Do not rely on your mortgage valuation! Andrew Granger & Co offer a survey and valuation service carried out by our team of chartered surveyors. Contact us to find out more.


Professional Services

Meet Our Professional Services Team

Andrew M Robinson

Kevin Skipworth

Geoff Milnes

Kamal Singh Phull

BSc (Hons) FRICS MARLA ICIOB

BSc MRICS

FRICS MEWI Dip HI

BSc (Hons.) MRICS

Chartered Surveyor/RICS Registered Valuer/Director Becoming chartered in 1991, Andrew worked in the Districts Valuers office until he joined Andrew Granger & Co in 1999, becoming director within two years. Andrew now leads the professional services team.

Chartered Surveyor / RICS Registered Valuer / Head of Commercial Property Kevin has worked in commercial and residential sector for over 30 years. Originally from Lincolnshire, he has spent over 20 years working in Leicester including becoming a partner of Leicestershire surveyors Sturgis Snow and Astill.

Head of Survey / Chartered Surveyor / RICS Registered Valuer / Domestic Energy Assessor Geoff joined Andrew Granger & Co in May 2010, having spent almost 30 years working in the corporate sector, and is the company’s Head of Survey.

The Professional Services team carry out a full range of property surveys and valuations including Asset Valuations, Valuations for Taxation, Building Surveys, Records of Condition, Schedules of Dilapidation, Rent Reviews and Valuations for Secured Lending. Professional Qualifications • • •

Fellow of the Royal Institution of Chartered Surveyors. Member of the Association of Residential Letting Agents Incorporated Member of the Chartered Institute of Building

Tel: 0116 242 9933 Email: amr@andrewgranger.co.uk

He joined Andrew Granger & Co in late 2012, as the Head of Commercial Property. He is responsible for all commercial agency; valuation work for lending purposes, asset management, probate, tax and matrimonial matters, and landlord and tenant issues including rent reviews and lease renewals. Professional Qualifications • B Sc, Urban Land Economics • Elected Member of the Royal Institution of Chartered Surveyors • RICS Registered Valuer Tel: 0116 242 9933 Email: Kevin.skipworth@ andrewgranger.co.uk

Geoff deals with all aspects of residential valuation and survey work, including valuations for lending purposes, Homebuyer reports and Building Surveys. He also carries out Valuations for legal purposes such as retrospective valuations, matrimonial and probate work, and provides Expert Witness Reports for Court proceedings. Professional Qualifications • • • •

BSc Urban Land Economics Fellow of the Royal Institution of Chartered Surveyors (RICS) Diploma in Home Inspection Member of the Expert Witness Institute

Tel: 0116 242 9933 Email: geoff.milnes@andrewgranger. co.uk

Chartered Surveyor Kamal forms part of the survey and valuation department based in the Leicester office. His duties typically include residential survey reports, mortgage valuation reports and valuations of residential properties for a number of purposes including Inheritance Tax, Capital Gains Tax, Right to Buy provisions and valuations for purchase. Most of Kamal’s work is carried out within Leicestershire, however due to the nature of his clients he also undertakes work in the surrounding counties. Professional Qualifications • BSc (Hons.) Real Estate Management • Member of the Royal Institution of Chartered Surveyors • RICS Registered Valuer • MRICS Tel: 0116 242 9933 Email: kamal.phull@andrewgranger. co.uk

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Advertising Feature

TOWERGATE INSURANCE BROKERS HELPING TO PROTECT YOU AND YOUR PRIZED ASSETS Based in Leicester, our team have been servicing the insurance needs of our Private Clients for many years so are well equipped to develop insurance solutions that suit your unique requirements. If the worst should happen and you need to make a claim, one call to your broker will ensure a dedicated claims manager is appointed to smooth the process. Whether you are looking for an insurance policy for your home, high value motor, travel requirements, art collections or high value jewellery, our dedicated team will be able to assist.

Call Misty Taylor on DD: 0116 240 7923 M: 07484 070 333 or email: misty.taylor@towergate.co.uk Towergate Insurance Brokers, Towergate House, 7 Dominus Way, Meridian Business Park, Leicester LE19 1RP

Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England with company number 4043759. VAT Registration Number: 447284724. Registered Address: Towergate House, Eclipse Park, Sittingbourne Rd, Maidstone, Kent ME14 3EN. Authorised and regulated by the Financial Conduct Authority.


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Residential Sales

The Old Hall, Mill Road, Rearsby An outstanding Grade II* listed family home believed to date back to 1661. The historic building known as ‘The Old Hall’ has been sympathetically renovated by the current owners to a particularly high specification and offers spacious flexible living accommodation and is situated within the picturesque Charnwood village of Rearsby. The accommodation includes entrance vestibule leading into elegant reception hall, sitting room leading into garden room, lounge, dining room, rear hall, steps leading to cellar office, cloaks/wc, snug, rear lobby leading to courtyard garden, farmhouse breakfast kitchen, utility room, first floor, landing, master bedroom with steps into dressing room, luxury ensuite bathroom, inner landing leading to bedroom with Jack and Jill bathroom, landing area giving access to three further bedrooms, two with ensuite shower facilities, second family bathroom, second floor, sitting room with connecting access into bedroom, second staircase rising to three further storage rooms with further potential for additional bedrooms. Outside: the property has extensive gardens with courtyard area, brick stores, integral laundry room and boiler room, detached double garage. The property is accessed via electrically operated wrought iron gates.

Leicester Office I 0116 242 9922 Price Guide £997,500

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How the government plans on ‘Fixing our broken housing market’ A white paper entitled ‘Fixing our broken housing market’ was released by the Department for Communities and Local Government (DCLG) in February 2017. Here, Stephen Mair at Andrew Granger & Co summarises some of the planning aspects within the white paper, which include giving local authorities more jurisdiction to control housing policy over the next year. Claiming that the housing market is ‘broken’ is a debate all of its own. Yes, there is a need for more housing and some people are finding it difficult to get onto the property ladder, but a recent report by Halifax shows that there are more first time buyers now than in any year since 2007 (Halifax estimates that 335,750 first time buyers joined the property ladder in 2016). Nevertheless, despite its dramatic title, the government white paper does shed some light on the future of property planning. The proposals within the white paper include: • • • • • •

Enabling local communities to decide where development is needed and should take place Giving communities more ownership over the design and character of new housing Making plans more transparent and easier to follow Clarifying where land is available for new housing Maximising the contribution from brownfield and surplus public land for new homes Maintaining protection for the Green Belt

More responsibility for local authorities The white paper describes plan-making as slow, expensive and bureaucratic and cites arguments over how many homes should be planned for as being a frequent cause of delay. To combat this, it suggests that every area should have its own upto-date plan to simplify the way that the requirement for new homes is identified. In order for the new methodology to be effective, the white paper explains that plans should provide for housing need as much possible, whilst also making good use of available land, resulting in ‘well-designed and attractive places to live.’

In basic terms, the onus will rest with each local authority to ensure that they are doing all they can to provide required housing. Changes to the National Planning Policy Framework have been proposed to ensure that the following requirements are met when local authorities are preparing plans: • • •

Ensuring that there is a clear strategy to maximise the use of suitable land in the area To make clear how much development land can be accommodated To ensure that development is not restricted (unless for a reason within another National Planning Policy Framework) so that the housing required is accommodated Brownfield sites

The white paper also proposes to limit the pressure on the countryside by ‘bringing brownfield land back into use’ and describes the government as ‘already pursuing a number of reforms to make this happen’. Brownfield land is land that has been used before, but is no longer in use, often because it is either derelict or contaminated with pollution or hazardous waste. Whilst these types of sites are generally more expensive to build on because of the need for clearing and/or decontamination, they prevent the use of greenfield land (countryside and sites that have not previously been built on). They are often situated within urban areas, so can vastly improve the appearance of the surrounding environment. Public sector land The white paper also proposes the building of more homes on public sector land. During this parliament, the government plans to release public sector land for 160,000 homes to be built and has set up a new £45m Land Release Fund, which aims to encourage more homes to be built quickly, with participation in the government’s Accelerated Construction Programme. To discuss the proposals within the government’s Fixing our broken housing market white paper and how they might affect your property plans, please get in touch on 01858 439 090. The white paper can be found online on the gov.uk website.

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Planning & Development

Planning Appeals and Statements Written impact assessments Assistance with community consultations and environmental statements

Development Plan Monitoring Tried and tested system for tracking all existing and emerging planning policy documents across 40 Local Authorities including mineral and waste development plans

Representation and advice on written appeals, hearings and public inquiries Guide you through the planning process to add value to your land and property

Land and Development Sales We have a vast knowledge of selling development sites to national, regional and local builders Andrew Granger & Co. has extensive sales experience for all forms of development land consented, allocated and strategic

Representations made on your behalf Full understanding of the national and local planning policy framework Bespoke solutions in place to make sure you don’t miss vital deadlines

Land Promotion and Option Agreements Extensive experience in promoting land and securing appropriate agreements with developers Full monitoring for the entirety of the promotional and development process Our knowledge and skill ensures you get the maximum financial return

Planning Applications, Listed Building Applications and Conservation Area Consents Feasibility Assessments and Site Appraisals

Clients range from private individuals to large institutions, we have extensive private and public sector experience

We offer a personal and bespoke service

Experienced, knowledgeable advice on historic and contemporary buildings

We keep your best interests at heart At Andrew Granger & Co. we believe that personal, professional and dedicated support is invaluable

Assistance with contentious applications Certificates of lawful use or existing development (CLUED), enforcement notices, removal of agricultural occupancy conditions

We promise to use words that make sense to you and cut through the industry terminology Our knowledge and understanding of the issues will add value to your assets

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Individually Designed & Built Strutures Timeless: Oak is a timeless, traditional building method that looks beautiful and ages well. Tidy: There’s less disruption and mess on-site, since all structures are built off site and simply assembled on location. Traditional: Ideal for conservation areas, or period and listed buildings.

New Builds | Extensions | Orangeries | Conservatories The Manor, Tur Langton, Leicester LE8 0PJ

Garages | Garde Rooms | Barns | Stables | Home offices | Car ports


Advertising Feature

Tradition Natural Structures have been established for over 15 years and have a very loyal team of oak frame craftsmen with each and every one dedicating their efforts to creating high-quality bespoke homes and buildings. Using minimal materials and traditional craftsmanship, the structures are hand-made at our workshop.

Architectural Service We offer a dedicated in-house design & architectural services that include complete planning packages, fully detailed working drawings & 3D renders.


ANDREW GRANGER & CO RURAL

Meet the Rural Team From their Loughborough base, the Rural department act for farmers and landowners across the East Midlands – here we find out more about them.

Kay Porter 01509 243 728 Kay.porter@andrewgranger.co.uk

She enjoys riding her horse, Noddy, in south Leicestershire where she grew up and goes hunting during the winter.

Kay is the PA and administrator to the team and is often the first voice that clients hear on the phone.

Noddy and Ashling featured in the press launch for Ride & Stride (in aid of Leicestershire Historic Churches Trust) and were both interviewed live on local radio. (Andrew Granger & Co. are pleased to sponsor Ride & stride again in 2017.)

After 10 years with the department Kay has become used to the frequent changes in the RPA forms! Benjamin Whitaker BSc(Hons), MRICS, MIRPM 01509 243 721 Having commenced his career on the Castle Ashby Estate in Northamptonshire, Benjamin qualified as a Chartered Surveyor in 2005.

Rupert Harrison FRICS, FAAV 01509 243 727 Rupert.harrison@andrewgranger.co.uk With 25 years experience as a Chartered Surveyor, Rupert has been a director since 1996 and heads up the Rural department.

Benjamin acts for a range of private and institutional/charity clients undertaking work including estate management, landlord and tenant matters and providing professional advice on rural matters.

Rupert acts for clients ranging from institutions/charities through to individual farmers and his work includes estate management, valuation, landlord and tenant and general professional advice.

His workload and expertise spans from pipeline compensation claims across to the sale of Grade II* listed churches!

A significant part of his workload involves helping clients find solutions to thorny property problems.

Outside of work Benjamin’s interests including skiing, squash and historic buildings. Ashling Toolan BSc(Hons), MRICS 01509 243 726 Ashling.toolan@andrewgranger.co.uk Ashling joined the firm in 2014 following graduation from Harper Adams University after previously working for a national firm in East Anglia. Ashling’s day to day work involves property management, sales and lettings and telecoms as well as property valuation.

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Rupert is also a Director of the Loughborough Business Improvement District (known as Love Loughborough) and is a member of his local church’s Parochial Church Council.

To receive the Rural Department Newsletter with updates on rural matters please email rural@andrewgranger.co.uk and we will add you to the mailing list.


Rural

Charity begins at….. Rupert Harrison, Director in our Rural Department, explores the process of selling and leasing charity property. The Charity sector contributes significantly to social care and wellbeing and a specialist area of the Rural Department’s work is the management and sale of charity land. Our charity clients range from large institutions through to the small village charity which owns a single field. Whatever the size of the charity client, we seek to understand what the charity’s aims are and how its property portfolio contributes to achieving those aims. It is also essential that we tailor our approach to each charity’s management structure – a large charity with officers and specialist committees will require a different approach on reporting to the local charity where the trustees are all lay people. Both types of organisations need accessible and relevant information. Disposals of charity land (by sale or lease) can prove controversial – at one extreme the sale of development land may be opposed by local residents who consider that the charity isn’t being “charitable” in its actions, whilst at the other end of the scale the letting of a property by one charity to another at a low rent may appear “right” but may not be in the first charity’s true interests. The Charities Act 2011 provides the statutory backdrop to the sale or leasing of charity property and the process helps to ensure that charities are acting in their best interests with sales or lettings. To be able to sell or lease property without the Charity Commission’s permission (in the form of a Scheme) the charity must : •

Have the power of disposal (in its Governing Document or what is known as Statutory Power).

Advertise the sale or lease in accordance with the surveyor’s advice.

Obtain and consider a written report from a surveyor who has experience of the type of property.

Decide that the proposed terms are the best that can be reasonably obtained.

The requirements are slightly abbreviated for leases of 7 years or less. We are experienced in handling these transactions and preparing the Charity Surveyor’s report. If the charity cannot comply with these requirements or if the disposal is to someone connected to the charity, the Commission’s consent will be required. Following the Law Commission’s consultation on Charity Law in 2015 it is possible that these requirements may be relaxed for lower value transactions but the process of obtaining professional advice remains a sensible way of demonstrating that the Charity’s Trustees have made the best decision. If you require any assistance with obtaining a Charity Surveyors Report, or need any advice regarding the disposal of charity assets, please feel free to contact us. andrew granger & co spring summer 2017

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Rural

SOLD

Meadow Lane, Syston An opportunity to acquire an established carp lake with excellent transport links surround by mature woodland. There is a surfaced track and car park leading from the public road. The property will be of interest to established businesses, private individuals, societies and informal groups looking to secure fishing in the region. Loughborough Office I 01509 243 720 Sold through the Loughborough Office

SOLD

Land at Kings Norton and Gaulby, Off Stoughton Road 44 acres (17.8 hectares) of Grade 3 arable land In three enclosures, 5 acres subject to 5 year FBT, the rest is available with Vacant Possession, Accessed via Right of Way off Stoughton Road. Loughborough Office I 01509 243 720 Sold through the Loughborough Office

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WINDOWS | DOORS | CONSERVATORIES | FASCIAS

A room for all seasons All Andrew Granger customers should love coming home with EAS. What are you waiting for? Do you covet a conservatory when the sun comes out? But crave a cosy hideaway in inclement weather? Now you can have both. Enjoy indoor-outdoor living in summer and a snug space to work, rest or play with a contemporary orangery from EAS.

Love every season.

Call us today on 0116 2710120 Show site at 25 New Street, Oadby, Leicester, LE2 5EB www.easwindows.co.uk

ask us about our solid roof conservatories


Newland Street, Braybrooke A superbly appointed 4 bedroomed detached family home situated in the heart of the picturesque village of Braybrooke. Market Harborough Office I ÂŁ440,000

Swithland Lane, Rothley Andrew Granger & Co are delighted to offer this substantial, traditionally styled bay fronted five bedroom, five reception room semi detached family house having brick and rendered elevations beneath a pitched tiled roof which provides tastefully appointed and thoughtfully enlarged accommodation over three storeys with gas fired central heating and double glazing and occupies a highly regarded and much favoured setting between Loughborough and Leicester. Loughborough Office I 01509 235 534 ÂŁ595,000

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01858 431315


Residential Sales

Stretton Road, Great Glen An architect designed and stylishly appointed 5 bedroomed detached family house with good sized gardens occupying a delightful backwater setting with views towards the park close to the heart of the highly desirable south Leicestershire village of Great Glen. Market Harborough Office 01858 431 315 Guide Price ÂŁ675,000

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Residential Sales

The Limes, Thorpe Langton A beautifully refurbished 4 bedroomed detached family house occupying an exclusive cul de sac setting in the highly desirable south east Leicestershire village of Thorpe Langton. Market Harborough Office I 01858 431 315 Guide Price ÂŁ545,000

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The only legal team you will ever need Residential Property Family & Childcare Powers of Attorney & Estate Administration Wills

RESIDENTIAL PROPERTY EXPERTISE

Our team of friendly Conveyancers have expertise in dealing with a full range of residential property transactions including:

• Sales & Purchases • Transfer of Equity • Re-mortgages • Buy to Let Properties • New Build Property • First Time Buyers

Business Law Dispute Resolution Employment Commercial Property

COMMERCIAL PROPERTY EXPERTISE

Our experienced Commercial Property department can deliver a high quality service across the whole range of Commercial property issues, including:

moss-solicitors.co.uk

• Sale & Purchase of Commercial Property • Commercial Leases • Plot Sales – Residential & Commercial • Land for Development/Redevelopment • Agricultural Land MOSS SOLICITORS

80–81 Woodgate, Loughborough, Leicestershire LE11 2XE Tel: 01509 217 770 Also by Appointment: Whitwick Business Centre, Stenson Road, Coalville LE67 4JP


Lettings News Our team of property lettings professionals keep a keen eye on what is happening in the world of property lettings

We’re pleased to announce that our estate agency on Market Harborough’s High Street has appointed two new members of staff to join their busy lettings department. The new appointments have been made to meet the growing demand for rental property in the Leicestershire region. Anna Eldridge and Conor Jackson joined us in September and October respectively. Chris Goodwin has also joined the Sales Department as a property valuer and sales negotiator, having spent five years working at Wright & Wright Estate Agents in Hinckley. Anna will work alongside the rental applications team, verifying and validating rental applications. She lives locally and her previous roles have been in the hotel industry which has seen her work at Rushton Hall and the Macdonald Hotel Group in the past four years. In these roles Anna honed her organisational skills and eye for detail by organising a range of events, including weddings.

Landlords Buy to Let Tax Changes The Bank of England’s Prudential Regulation Authority has laid out rules to enforce some landlords of mortgaged buy-to-let properties to submit their mortgage and income finances each time a property is refinanced and each time a new one is purchased, from September 2017. In addition to the planned changes, from April 2017, landlords will only be allowed to reclaim interest relief on loans/ mortgages at a basic rate. If you are a landlord owning four or more buy-to-let properties that are mortgaged, the new submission rules will apply to you. In the case of reclaiming interest relief, you will no longer be able to offset your mortgage interest costs from your rental income, when calculating taxable profit. This could mean that if the cost of interest payable on your mortgage rises, you may be left out of pocket if you can’t increase your rent on buy-to-let properties, to counteract the extra interest you will have to pay.

Conor joins the inspection department of the team. As part of their work as letting agents, Andrew Granger & Co prepare inventories and carry out inspections for landlords in-house. The six monthly inspections aim to minimise the number of disputes between tenants and landlords. Conor also lives locally and has worked in various Harborough based companies using his customer focused skills. “The rental industry is showing no sign of slowing down so we’ve decided to expand the team to meet the workload. We have received more new instructions over the past two months than we have seen for a long time. In fact, we are often letting properties before they are advertised due to the increased demand in the town. Furthermore, with Londoners seeming to be growing frustrated with the increasing rents in the capital, commutable towns like Market Harborough are set to become an even greater draw for tenants.”

The changes will affect landlords differently, depending on which tax rate you will be on, taking the changes into account. An article by Landlord News says that recent National Landlord Association (NLA) research conveys that 44,000 basic-rate tax payers will move up a tax bracket as a result of the changes. Is there anything to be done to counteract the changes? In a recent article by The Telegraph, research carried out by Professor Michael Ball of Reading University claims to demonstrate that: ‘Each private sector home to rent nets the Treasury an average of £1,000 a year in tax, more than homes in either the social rented or owner occupied sectors.’ For more information, visit our residential lettings page or to speak to a property expert today, call us using the numbers below: Leicester 0116 242 9929 Loughborough 01509 235 534 Market Harborough 01858 439 080

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Lettings

Bates Close, Market Harborough

Scotland Road, Market Harborough

A Spacious 5 Bedroom Modern Detached House With 2 En-suites & Family Bathroom, Lounge, Dining Room, Kitchen, Utility, Cloakroom/WC, Double Garage, Alarm, Unfurnished. 12 Month Tenancy.

Charming 2 Bedroom Victorian End Terrace Cottage In Excellent Condition Throughout, Kitchen/Diner, Lounge With Woodburner, Cloaks/WC, 2 Double Beds, Family Bathroom With Shower Over Bath, Courtyard Garden & Further Lawned Area With Shed For Storage, ORP, Unfurnished, Minimum 12 Month Contract. EPC - D.

Market Harborough Office I £1550 pcm

01858 439 080

* Admin Fees 1st App £234 2nd App £60 Guarantor £60 All prices Inclusive of VAT

Market Harborough Office I £725 pcm

01858 439 080

LET AGREED

Swift House, Market Harborough

Cavalier Cottage, Market Harborough

A 2 Bedroom 1st Floor Apartment Set In The Popular Welland Quarter Development Close To The Railway Station, The Property Briefly Comprises Hall Study Area, Open Plan Living Kitchen To Include Appliances, 2 Good Sized Bedrooms, Bathroom With Shower Over The Bath, Allocated Parking In Under Ground Car Park, Unfurnished. EPC - E.

A Deceptively Spacious 4 Bedroom Detached House Located In Popular Village, Flexible Living Accommodation Including Dining Room, Sitting Room, Study, Conservatory, Large Kitchen With Appliances, Utility Room, Cloakroom/ WC, Master Bedroom With En-Suite, 2 Further Doubles & 1 Single/Nursery Bedroom, Family Bathroom, Courtyard Garden, Detached Garage With Ample Off Road Parking, Unfurnished. EPC - D

Market Harborough Office I £635 pcm

01858 439 080

Market Harborough Office I Let Agreed

01858 439 080

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Stylish living with distinct design

splashout Inspired. Bathrooms. Bathroom Design and Installation for every lifestyle and budget At Splashout it is our pleasure to provide a complete bathroom design and installation service. We have built our reputation over nearly thirty years on innovative design, a wealth of knowledge of bathroom products and a team of extremely skilled, experienced bathroom fitters, some of whom have worked with us since our inception. Splashout Fitted Bathrooms & Hot Tubs Ltd Brunel Way, Stephenson Industrial Estate, Coalville, Leicestershire LE67 3HF

T: 01530 811593 F: 01530 815359 E: info@splashout.co.uk W: www.splashout.co.uk

BATHROOM DESIGN & INSTALLATION | HOT TUBS | SAUNA & STEAM ROOMS


Lettings

The Old Vicarage, Woodhouse Eaves A most distinctive and individually styled four/five bedroom Grade II Listed former Vicarage of stone and Swithland slate construction which provides extremely well appointed and flexible accommodation with many original period features and occupies a delightful setting adjacent to St Paul’s Parish Church with spectacular views. Excellent communications to Leicester, Nottingham, Derby, East Midlands Airport and Midland Mainline train services to London, St Pancras. EPC: Rating ‘E’. Pets considered. Loughborough Office I 01509 235 534 Available Now - £3500 PCM

LET AGREED

* Admin Fees 1st App £234 2nd App £60 Guarantor £60 All prices Inclusive of VAT

LET AGREED

Eastfield Road, Leicester

Murby Way, Thorpe Astley

A recently refurbished and beautifully presented three bedroom detached bungalow with driveway and double garage parking, situated in a desirable location with easy access to Glenfield Hospital and local amenities. EPC – D. Leicester Office I 0116 242 9929 Let Agreed

A recently improved with new carpets and decor four bedroom detached property within the popular and convenient location of Thorpe Astley. Unfurnished. Sorry No Pets. EPC - D. Leicester Office I 0116 242 9929 Let Agreed

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LET AGREED

Woodfield Road, Oadby

Long Swath Way, Birstall

An extended deceptively spacious four bedroom detached property situated on the popular & well regarded tree lined Woodfield Road in the Oadby area. The property is offered fully-furnished. EPC E

A modern three bedroom end town house by Persimmon Homes which provides extremely well appointed and tastefully presented accommodation and benefits from upvc double glazing and gas fired central heating. Hallway, Cloakroom with WC, Lounge and full width Kitchen/Diner with oven, hob, dish washer, washing machine and fridge/ freezer. Landing, main bedroom with en suite, two further bedrooms and bathroom. Energy Rating ‘B

Leicester Office I 0116 242 9929 £950 pcm

* Admin Fees 1st App £234 2nd App £60 Guarantor £60 All prices Inclusive of VAT

Loughborough Office I 01509 235 534 Let Agreed

LET AGREED

Stable Yard Flat, Ulverscroft An attractive unfurnished/part furnished two bedroom flat adjoining a distinctive country residence and occupying a delightful rural setting yet having easy access to Loughborough, Leicester and the M1 motorway at junction 22 & 23. Ideally suitable for a single person or couple (40 years old or over), non smoker, no pets. Car parking facilities. EPC Rating: F Loughborough Office I 01509 235 534 Let Agreed

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Allandale Road, Stoneygate A two bedroom ground floor apartment located in the desirable location of Stoneygate. Occupying a corner position on Allandale Road close to the fashionable bars and shops, the accommodation includes entrance hallway, lounge, separate kitchen with cooker, fridge freezer and washing machine, two bedrooms and a bathroom with shower over the bath. Off-road parking for one car. Unfurnished. EPC - E. Leicester Office I 0116 242 9929 Available Now - £650 PCM


Lettings

LET AGREED

Dulverton Road, Leicester Leicester Office I 0116 242 9929 Let Agreed

A fully refurbished and redecorated luxury five double bedroom fully furnished property available now for 6 months. Ideally located for the City Centre & Royal Infirmary, the property briefly comprises of to the ground floor a double bedroom to the front, spacious living room, fully fitted kitchen with utility area and shower room to the rear. To the first floor there are 3 further double bedroom and the main bathroom. To the top floor you will find the attic bedroom. To the rear of the property is an enclosed low maintenance courtyard with side alleyway access. Viewing highly recommended. EPC - E.

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ANDREW GRANGER & CO COMMERCIAL

It’s All About the City Kevin Skipworth, Head of Commercial Property at Andrew Granger & Co on the rise in demand for city centre business locations

Out of town business parks certainly have their place. They are often easy to access, close to motorways and have plenty of parking. However, despite their appeal, more and more businesses are choosing to relocate or expand into city centre locations. Leicester is one city centre that has experienced rising demand for commercial space from companies looking to settle in a central location. Many cities have retained a powerful economic attraction and influence, offering facilities and opportunities that rural and suburban locations can rarely match. As a result, increasing numbers of large organisations and expanding companies are seeking city centre locations. In fact, urban locations currently account for around 59% of jobs, often attracting service exporters requiring high skill levels. The pros and cons So why are people attracted to cities in general – and Leicester in particular? Well, cities do offer more potential for networking and economies of scale. They also have a larger pool of workers, usually with more diverse skills, as well as a superior infrastructure and public transport system making it easier for staff to travel to their place of work. However, this has to be offset against higher costs (on average three and a half times more expensive than rural areas) as premises are more expensive to rent or buy. Urban areas also have more congestion, while facilities such as parking may be scarce and more expensive. Why Leicester? Leicester has made headlines over the past two years for positive reasons. Once a place of significance in the textile industry, the city’s profile is on the rise again after the discovery and burial of Richard III, followed swiftly by Leicester City FC’s surprise 2016 Premier League win. Both are stories that put Leicester on the map domestically and internationally. 44

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Leicester also benefits from a central location at the heart of the Midlands, making it easily accessible to and from most places in the UK. With a train link of around one hour to London and close proximity to the M1 and other major roadways, the city’s geographical position is an attractive one for many businesses. Notably, it also has the largest economy in the East Midlands and the city and county is home to headquarters for many national companies. Look who’s coming to Leicester Given these factors, it’s not surprising that several large companies made the decision to relocate or expand to Leicester in 2016 - and still more plan on doing the same this year. Notably, the new multi-million-pound office complex currently being constructed on New Walk will house businesses such as financial advice firm Mattioli Woods, which is moving from Grove Park in Enderby. For Mattioli Woods, the move will not only provide them with a great central presence in Leicester, it will also enable the recruitment of an additional 150 staff. Chief Executive Ian Mattioli cited the ease of transport, including the proximity of the station and other forms of public transport as one of the reasons for the move, as well as access to Leicester’s diverse business community and infrastructure. Another example is licensing organisation Phonographic Performance Limited (PPL) and PRS for Music who are setting up their national headquarters in Leicester, due to open in the latter half of 2017. According to the Leicester Mercury, the Chief Executive of PPL chose Leicester over any other UK city because of its great links to London and the rest of the country, alongside the competitive price of property and staffing costs. The local economy is such as important part of any community and Leicester’s success in attracting investment and business growth can only be good news for the city – and its environs.


Commercial

High Street, Leicester This is an excellent opportunity to acquire Freehold City Centre premises let to a well-known High Street retailer. It lies close to many recognised occupiers including McDonalds, KFC, Five Guys and Lloyds Bank and is adjacent to the popular Highcross Shopping Centre. The building is let to HMV on full repairing and insuring terms at a rent of £175,000 per annum under a lease expiring in January, 2020. HMV has recently regained its position as the UK’s second biggest entertainment retailer. Leicester Office I 0116 242 9938 £2,650,000

Belvoir Street, Leicester This is an excellent opportunity to lease prominent restaurant/cafe premises in a busy location in the centre of Leicester. The accommodation includes eating and kitchen areas over two floors together with second floor offices and basement storage. It lies in an established eating and drinking area with a range of bars and restaurants nearby. The premises would be suitable for a range of business types subject to obtaining the necessary consents. The property is available on a new lease for a minimum term of three years. Leicester Office I 0116 242 9938 £21,000 per annum

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Commercial

Granby Street, Leicester This is an excellent opportunity to acquire former restaurant, bar and ancillary facilities within Leicester’s best-known hotel in the heart of the City. The premises are being offered as an opportunity to create a gym and health facility. The accommodation extends to a gross internal area of approximately 650 sq. m. (7,000 sq. ft.). The premises, at basement level, are directly accessible from the main hotel foyer by lift or stairs and with a separate access from Granby Street. All proposals are subject to obtaining appropriate Planning Permission. Leicester Office I 0116 242 9938 £49,500 per annum

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Advertising Feature

Outgrown your current premises? Interested in one of Leicester’s newest business centres?

Friars Mill could be the answer Friars Mill is a unique collection of 15 prestigious managed workspaces just minutes from Leicester’s thriving city centre. Formerly home to Leicester’s oldest factory, the site has been sensitively re-designed to inspire creativity, foster connections and accelerate progress. Developed in the heart of a high-profile regeneration project, Friars Mill combines iconic industrial architecture with an idyllic riverside setting. As a fully managed facility, imagine how much more productive you could be with someone else managing your office space.

FULLY MANAGED FACILITIES The four historic buildings in the Friars Mill development comprise Friars Mill, Bath Lane Mill, Pump House and Bath Lane Cottages. The flexible, unfurnished workspaces include the following facilities: • Units from 1,000 to 2,000 square feet • Natural ventilation and LED lighting • Dedicated high-speed fibre internet and rack space • Feature-rich telephony with call diverts, time-based routing and voicemail • Shared kitchens • Meeting rooms and co-working space • Secure cycle racks, lockers and showers • On-site parking allocation • Lifts and full accessibility • Fob entry and 24 hour security • Smart boiler system

Ready to join the industrial evolution? Contact: Tom Munro, Friars Mill Centre Manager 0116 366 8197 | info@friarsmill.com | www.friarsmill.com

GOOD ACCESSIBILITY A N D T R A N S P O RT L I N K S Friars Mill is a ten-minute stroll from Leicester’s thriving city centre. From the banks and big name stores you’d expect to the quirky independents you’ll discover in St Martins Square, it’s easy to fit in a lunchtime shopping spree. Its also only a five-minute walk to local bus stops, a relaxed 20 minute walk to Leicester’s rail station, and if travelling by air, its just 30 minutes from East Midlands Airport. M A N A G E D BY

F U N D E D BY


A day in the Life... For each edition of Inside Property, we go behind the scenes with a key member of staff at Andrew Granger & Co.

In this edition Jill Griffiths, who heads up the lettings team reveals what she gets up to in a typical day.

pictures and information so it is likely to attract even more tenant enquiries for our landlords.

How does the day in the office start?

Is there a property service you offer that might surprise us?

The week usually starts with an 8.30am team meeting which lasts 30 minutes. We run through diaries for the days ahead and make sure we have resources for staff who have work outside of the office. 

I offer a service where I seek out suitable pre-let investment properties for clients. These ‘investor to investor’ sales mean that the tenants remain in the property and the new landlord earns an income from the property immediately.

The property teams have final inspections, new statement of conditions forms/inventories and one member of the team works full-time on 6 month inspections. It’s a busy meeting normally but Monday mornings are a particularly busy time dealing with applications from viewings over the weekend.

Tenanted properties have great appeal to investors because the rent level is established, the tenant is known to us and therefore investors are taking more of a measured risk. Who carries out your property maintenance?

Is there an activity you are involved in that might surprise people?

Not me – that’s for sure! With so many properties for clients across Leicestershire, having a number of local companies in place 24 hours a day is important. That way if there is a leak or an issue we know that we can send skilled professionals to site straight away.

During the winter months in particular we have to ensure that any empty properties are kept heated and during the summer months we have to keep an eye on grass cutting. Also issues like processing utility bills for landlords, looking into tenants with rent arrears etc. What activity takes up most of your day? After the meeting we usually put aside time for calls. How much time we spend on the phone varies day to day, but if the team are office based then its several hours of phone calls. We find it’s often best to speak to landlords or tenants as you can’t be 100% sure that emails have arrived. So we’ll be on the phone arranging viewings, finding out how viewings went or taking deposits.

We are always on the lookout for good contractors to work on our properties who can deal with any issues straight away. As a result of current rent levels, tenants have an expectation that any problems will be dealt with immediately, so we need a pool of first class contractors to ensure we can meet both landlords’ and tenants’ expectations. At the end of the day knowing that everything is going to be sorted – and sorted quickly is an important part of the landlord and tenant experience of working with Andrew Granger. Any reflections at the end of the day?

Having said that, when I’m out of the office, property valuations can take up a big part of the day and I tend to carry them out in blocks of time. How do people hear about your lettings service?

I thrive on my constantly changing role and have enjoyed the past 22 years where I have built up the lettings department, which now represents the largest local portfolio.

A lot comes via recommendation, some via our website but not surprisingly Right Move now plays a big part. We’ve just upgraded our Right Move package with more

Nothing stays still in the property market and I believe that there will be many more changes ahead over the next 5 years I’m sure.

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andrew granger & co spring summer 2017


JAM TODAY AND JAM TOMORROW Saving for a comfortable future and financial security for you and your family doesn’t mean you have to forego life’s little luxuries today. To find out more or to arrange a FREE consultation call

0116 269 6311

For the life you want to live

FURNLEYHOUSE.CO.UK Furnley House Ltd is Authorised and Regulated by the Financial Conduct Authority.


THE JAGUAR RANGE

Life. It’s not about figures. It’s about feelings. The moments that feed your soul. The occasions that take your breath away. The instances that leave you speechless. These are the moments we live for. That’s why our designers and engineers at Jaguar develop a blend of responsive performance that gets your pulse racing, dramatic design that makes you stop and stare and a sense of theatre that stirs your emotions. Our cars are a manifestation of our passion. Performance that cannot be measured, only felt. That’s why we call it art. Find out more. Sturgess Jaguar 445 Narborough Road, Leicester, LE3 2RE 0116 416 1437 sturgess.leicester.jaguar.co.uk

Official fuel consumption figures for the Jaguar range in mpg (l/100km): Urban 14.8-64.2 (19.1-4.4); Extra Urban 31.4-83.1 (9.0-3.4); Combined 22.2-75.0 (12.7-3.8). CO2 Emissions 297-99 g/km. Official EU Test Figures. For comparison purposes only. Real world figures may differ.

Insideproperty  

Andrew Granger property magazine

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