Penylan Market Insight Magazine - Issue #1

PE N YL A N

M A R K ET

INSIGHT

JeffreyRoss

PENYLAN PRICES

L AT E S T D E V E L O P M E N T S

Discover the latest sales and rental prices

Looking for a new build? Take a look at the latest

INSIGHT MAGAZINE ISSUE #1

in Penylan and surrounding areas.

developments in the area.

1

AREAS WE COVER PENYLAN, ROATH, CYNCOED, ROATH PARK, SPLOTT & CARDIFF BAY.

2 Roath Park, Roath

CONTENTS EDITOR'S INTRODUCTION

4

AREAS WE COVER

6

PENYLAN STATISTICS

8

ROATH STATISTICS

10

CYNCOED STATISTICS

12

FEATURED PROPERTY

14

ROATH PARK STATISTICS

20

SPLOTT STATISTICS

22

CARDIFF BAY STATISTICS

24

ACCURATE VALUATIONS

26

FEATURED SALES PROPERTIES

30

FEATURED RENTAL PROPERTIES

36

JR GROUP OF COMPANIES

40

LEGISLATION UPDATE

46

BLOCK & ESTATE MANAGEMENT

48

NEW DEVELOPMENT

50

SOLICITOR / CONVEYANCING INSIGHT

56

FINANCIAL / MORTGAGE INSIGHT

58

DESIGN & BUILDING INSIGHT

60

JR CLIENT EXPERIENCE

62 3

EDITOR'S INTRODUCTION MARKET INSIGHTS EXPLAINED Elliott Hooper-Nash

At JeffreyRoss we believe in getting the important things right which is why we look at property value very differently to our competitors. We have put together our area market insight for each branch across Cardiff and the key areas that we cover to enable you to get a full understanding of what is happening in your area for both sales and rental.

Our market insights will help you to make informed decisions on your next property transaction, whether that be buying, selling, renting or letting. It may even make you question the extension you might be considering.

We have teamed up with the industry leader Dataloft Inform to provide these insights. Dataloft compile comprehensive data sets based on property transactions, size, type as well as comparisons that date back to the early 90s!

Dataloft use resources from the ONS and Land Registry to compile this data, updated every 4 weeks allowing us to have our fingers on the pulse when

4

it comes to property transactions in all of the areas we cover. Most importantly, it empowers us to not only justify the values we set, but to help clients understand where the valuations come from and how the market is reacting.

These insights will be released every 6 months, and will focus on both the sales and lettings market in Cardiff, along with featured properties, expert commentary from the fields of conveyancing, construction, finance and project management.

We hope you find this information both insightful and useful when considering your next move.

Elliott Hooper-Nash Director

Lochaber Street, Roath 5

AREAS WE COVER PENYLAN BRANCH

Penylan CF23 5

Roath CF24 3

Cyncoed CF23 6

Penylan is a quiet suburb in eastern Cardiff. This area is directly east of Roath and north of Adamsdown and Splott and is well known for its Edwardian era houses and spacious tree-lined avenues.

Roath offers a stunning view all year round and is well known for it’s impressive houses and greenery. The neighbourhood is full of food and drink options, especially on Wellfield Road.

Cyncoed is an affluent and exclusive community in the northeast of Cardiff. With many properties in the area fetching over £1 million, Cyncoed is considered to have some of the highest property prices in the country.

Surrounded by the green space of Waterloo Gardens and Roath Recreation Ground, you will also find numerous coffee shops and places to eat out. www.jeffreyross.co.uk/we-know-penylan

Roath also features many hidden gems and quirks, with vintage markets and independent hang outs. www.jeffreyross.co.uk/we-know-roath

Arguably one of the biggest attractions of the area are the exceptional perfomances for both the Primary and Secondary Schools in the area, as well as its own Golf Course. www.jeffreyross.co.uk/we-know-cyncoed

6

Roath Park CF23 5

Splott CF24 2

Cardiff Bay CF10 4,5 / CF11 0

Roath Park which opened in 1894, was one of the first public parks in Cardiff. It still retains its classic Victorian atmosphere and layout of characterful linear parks, extending along the Nant Fawr stream and has become a landmark of the area.

Splott is a district and community in the south of the city, It was built up in the late 19th century on the land of two farms of the same name: Upper Splott and Lower Splott Farms.

Cardiff Bay is the coastal corner of Wales' capital and only a short bus or train ride from the city centre; you can even walk between the two.

Lake Road East & West have some of the best views in the whole of the Capital so it is no suprise that they are two of the most popular spots for home buyers.

This area is one of the fastest growing areas on this side of the City given its similarities in architecture to its Roath neighbour whilst at a fraction of the price and a shorter walk to the City Centre and Train station.

www.jeffreyross.co.uk/we-know-roath-park

www.jeffreyross.co.uk/we-know-splott

Formerly a thriving tidal dockland famous for exporting Welsh coal to the world, the area is now a vibrant waterfront which is very popular with young professionals and buy to let investors. www.jeffreyross.co.uk/we-know-cardiff-bay

7

HIGHEST SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£925,000 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£754 PCM Source: Dataloft

8 Kimberley Road, Penylan

PENYLAN STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Amanda Trinder

* Figures based on actual transactions in the last 12 months

Sales Values How many homes were sold?

% of sales that were houses

Price change last 12 months

105

70.5%

1.6%

Price change last 5 years

17.1%

What’s the average price per square foot?

£322psf

By property type

Detached

Semi-detached

Terraced

Flats

Average sales price

£592,750

£471,694

£435,224

£191,483

Price change last 12 months

8.1%

8.4%

12.0%

-10.8%*

% of market

19.4%

16.3%

34.7%

29.6%

Lettings Values How much do houses let for?

How much do flats let for?

Rental values have changed by

% tenants aged between 22 and 24

16.7% £754

*

per month

£778

30.8%

last 12 months

per month

By property type

Detached

Semi-detached

Terraced

Flats

Average rent price

£1,322

£1,395

£425*

£778

Rent price change last 12 months

-13.5%*

N/A

-25.1%*

6.42%

Visit www.jeffreyross.co.uk/we-know-penylan for more up-to-date sales and rental figures for Penylan.

9

ROATH STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Ramzy Bancroft

* Figures based on actual transactions in the last 12 months

Sales Values How many homes were sold?

% of sales that were houses

Price change last 12 months

129

76.7%

4.9%

Price change last 5 years

17.9%

What’s the average price per square foot?

£283psf

By property type

Detached

Semi-detached

Terraced

Flats

Average sales price

£270,000 *

£332,388

£245,831

£127,786

Price change last 12 months

-17.0%*

-6.7%*

2.2%

-0.3%*

% of market

0.8%

7.4%

70.5%

21.3%

Lettings Values How much do houses let for?

How much do flats let for?

Rental values have changed by

% tenants aged between 25 and 29

21.0% £868

per month

£748

32.9%

last 12 months

per month

By property type

Detached

Semi-detached

Terraced

Flats

Average rent price

£743

£989

£862

£748

Rent price change last 12 months

19.2%

15.6%

24.7%

16.6%

10

Visit www.jeffreyross.co.uk/we-know-roath for more up-to-date sales and rental figures for Roath.

HIGHEST SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£525,000 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£868 PCM Source: Dataloft

Roath Park, Roath 11

HIGHEST SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£1,775,000 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£1,082 PCM Source: Dataloft

12Cardiff Golf Club, Cyncoed

CYNCOED STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Ramzy Bancroft

* Figures based on actual transactions in the last 12 months

Sales Values How many homes were sold?

% of sales that were houses

111

82.0%

Price change last 12 months

Price change last 5 years

15.6%

44.1%

What’s the average price per square foot?

£331psf

By property type

Detached

Semi-detached

Terraced

Flats

Average sales price

£696,951

£391,901

£247,478

£222,032

Price change last 12 months

24.6%

1.9%

-5.3%*

33.3%

% of market

40.8%

29.1%

14.6%

15.5%

Lettings Values How much do houses let for?

How much do flats let for?

Rental values have changed by

% tenants aged between 25 and 29

-0.6%

42.3%

*

£1,082

per month

By property type

£797

last 12 months

per month

Detached

Semi-detached

Terraced

Flats

Average rent price

N/A

£1,200

£975

£794

Rent price change last 12 months

N/A

-3.01%*

6.13%

14.7%

Visit www.jeffreyross.co.uk/we-know-cyncoed for more up-to-date sales and rental figures for Cyncoed.

13

FEATURED PROPERTY BOVERTON STREET, ROATH, CF23 5ES - £595,000 4 bedrooms

2 bathrooms

1910 sq.ft

We wanted to take a look back at one of our most talked about properties of 2022! This contemporary twist on a traditional Victorian townhouse is one of the best we have seen in terms of attention to details and standard of finish.

The previous owners really did put their stamp on this unique home and we were not at all surprised that it got a lot of people talking about it.

The property sold for over it's asking price on the first open house which is testament to the standard of the property. Details for the property were as followed: 'JeffreyRoss bring to the market this spacious Victorian townhouse located on Boverton Street in Roath Park. The property is deceptively spacious and offering great family accommodation with a good size entrance hall, principal bay fronted living room, utility room and downstairs WC. The hallway leads to an incredible open plan kitchen / living and dining area that benefits central island and bi folding doors onto a low maintenance west facing garden. To the first floor are three double bedrooms, with bedroom two currently being utilised a a walk in wardrobe and bedroom three benefitting a stylish en-suite. The family bathroom has also been extended to create a separate shower cubicle and bath area. the loft has been converted to create the fourth double bedroom.

In our opinion this is one of the best examples of a classic Penylan house finished to an exceptional standard that you will see in the area.

14

Ramzy Bancroft

This property would make a great family home on a beautiful street and is a stones throw away from Roath Park, Wellfield Road, and sits in the catchment area for Roath Park Primary and Cardiff High Schools.

Our area specialist Ramzy commented: "At JeffreyRoss we are privileged to handle the sale of many wonderful homes, but every now and then we are asked to sell something very special. From the moment I stepped into Boverton Street, I knew we were dealing something exceptional.

This exceptional traditional Victorian property had been lovingly refurbished by the owners to create a contemporary living environment while keeping some of its original features. It was an absolute pleasure to show the property to so many prospective buyers and to see the delight of the new owner when they finally secured the property".

If you have something special to sell in Roath, Penylan, Cyncoed and other surrounding areas, please contact our area specialist Ramzy on: Telephone: 02920 499 680 Direct Dial: 02922 744 485 Email: ramzy@jeffreyross.co.uk Instagram: @ramzyb_jeffreyross

Boverton Street, Roath 15

" The property is finished to an exceptional standard throughout and in our opinion is one of the best examples of a classic Penylan house that you will see in the area."

Ramzy Bancroft

16

17

18Boverton Street, Roath

19

ROATH PARK STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Ramzy Bancroft

* Figures based on actual transactions in the last 12 months

Sales Values How many homes were sold?

% of sales that were houses

Price change last 12 months

105

70.5%

1.6%

Price change last 5 years

17.1%

What’s the average price per square foot?

£322psf

By property type

Detached

Semi-detached

Terraced

Flats

Average sales price

£592,750

£471,694

£435,224

£191,483

Price change last 12 months

8.1%

8.4%

12.0%

-10.8%*

% of market

19.4%

16.3%

34.7%

29.6%

Lettings Values How much do houses let for?

How much do flats let for?

Rental values have changed by

% tenants aged between 22 and 24

16.7% £754

*

per month

£778

30.8%

last 12 months

per month

By property type

Detached

Semi-detached

Terraced

Flats

Average rent price

£1,322

£1,395

£425 *

£778

Rent price change last 12 months

-13.5%*

N/A

-25.1%*

6.42%

20

Visit www.jeffreyross.co.uk/we-know-roath-park for more up-to-date sales and rental figures for Roath Park.

HIGHEST SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£925,000 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£754

PCM

Source: Dataloft

Roath Park, Roath 21

HIGHEST SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£400,000 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£890 PCM Source: Dataloft

22Magic Roundabout, Splott

SPLOTT STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Amanda Trinder

* Figures based on actual transactions in the last 12 months

Sales Values How many homes were sold?

% of sales that were houses

Price change last 12 months

185

82.2%

4.4%

Price change last 5 years

What’s the average price per square foot?

36.2%

£216psf

By property type

Detached

Semi-detached

Terraced

Flats

Average sales price

£239,168

£191,784

£195,316

£122,591

Price change last 12 months

20.4%

4.0%

6.8%

5.8%

% of market

3.4%

13.1%

65.7%

17.7%

Lettings Values How much do houses let for?

How much do flats let for?

Rental values have changed by

% tenants aged between 25 and 29

11.4% £890

per month

By property type

£707

35.9%

last 12 months

per month

Detached

Semi-detached

Terraced

Flats

Average rent price

N/A

£959

£866

£707

Rent price change last 12 months

N/A

17.6%

7.12%

9.98%

Visit www.jeffreyross.co.uk/we-know-splott for more up-to-date sales and rental figures for Splott.

23

CARDIFF BAY STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Lauren King

* Figures based on actual transactions in the last 12 months

Sales Values How many homes were sold?

% of sales that were houses

247

11.3%

Price change last 12 months

Price change last 5 years

-5.8%

3.0%

What’s the average price per square foot?

£237psf

By property type

Detached

Semi-detached

Terraced

Flats

Average sales price

N/A

£409,237

£236,116

£167,570

Price change last 12 months

N/A

12.7%

-16.2%*

15.6%

% of market

0%

5.9%

23.5%

70.6%

Lettings Values How much do houses let for?

How much do flats let for?

Rental values have changed by

% tenants aged between 25 and 29

11.5% £1,013

per month

By property type

£930

31.1%

last 12 months

per month

Detached

Semi-detached

Terraced

Flats

Average rent price

N/A

£936

£1,023

£930

Rent price change last 12 months

N/A

2.68%

12.5%

13.1%

24

Visit www.jeffreyross.co.uk/we-know-cardiff-bay for more up-to-date sales and rental figures for Cardiff Bay.

HIGHEST SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£540,000 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£1,013 PCM Source: Dataloft

The Pierhead, Cardiff25 Bay

ON AVERAGE WE ACHIEVE

98.9% OF OUR ASKING PRICES.

26

ACCURATE VALUATIONS JUSTIFICATION OF VALUE IN A STRONG MARKET Lee Bryce

The property market across Cardiff & The Vale is booming and has seen unprecedented growth. An increase in out-of-town buyers has also driven the demand. When a property is marketed at the right price, it should only take a few weeks to sell.

Some agents have a tendency to overvalue properties in order to secure your business. This can have a catastrophic effect, not only to your own sale time but to the property market as well.

Time is vital when selling a property. An overvalued property will not get the traction it deserves and this can also create the impression that something is wrong with the property if it remains on the market too long. Your agent will more than likely then ask you to reduce your price as a form of resolution.

In our experience, more properties fall through due to down valuation than any other issue.

At JeffreyRoss we utilise the same valuation research a surveyor does and do not tie our clients into lengthy contracts.

If you would like to arrange an accurate valuation for your property, please contact our RICS Registered Valuer Lee on: Telephone: 02920 499 680 Email: lee.bryce@jeffreyross.co.uk

Survey is a crucial stage of the selling/buying process.

When a property falls through due to a down valuation the property may need to be re-marketed, and this means starting the selling process again.

27

28

Hot desking available from £20 + VAT per day which includes free use of the facilities (Gym/lounge area) and unlimited tea & coffee.

www.desg.co.uk 29

FEATURED SALES PROPERTY SOUTHMINSTER ROAD, PENYLAN, CARDIFF, CF23 5AT - £575,000 4 bedrooms

2 bathrooms

1872 sq.ft

Amanda Trinder

JeffreyRoss are proud to bring to the market this exceptional family home located in the popular ‘Minsters area’ of Penylan.

To the first floor are three good size bedrooms and family bathroom. The second floor benefits from a fourth bedroom.

This well appointed 4 bedroom terrace property set over three floors and approximately 1,872 SQFT has been finished to a very high standard.

Take a look around our online virtual tour for a closer look inside this beautiful property.

The property briefly comprises entrance hallway, bay fronted living room, downstairs WC, open plan and extended kitchen, living and dining area, as well as a separate utility and sliding doors on to a landscaped low maintenance garden.

30

For more information about this property, please contact our area specialist Amanda on: Telephone: 02920 499 680 Email: amanda@jeffreyross.co.uk Instagram: @amanda_jeffreyross

31

FEATURED SALES PROPERTIES

Elm Street, Roath

£230,000

2 bedrooms

1 bathroom

785 sq.ft

Colchester Avenue, Penylan 32

£550,000

4 bedrooms

1 bathroom

1625 sq.ft

Tydfil Place, Roath Park

£590,000

4 bedrooms

2 bathrooms

1800 sq.ft

Ty-Draw Road, Penylan

£850,000

5 bedrooms

2 bathrooms

2615 sq.ft

33

34

35

FEATURED RENTAL PROPERTY LAKE ROAD EAST, ROATH PARK, CF23 5NQ - £2,000 PCM 4 bedrooms

1 bathroom

1743 sq.ft

Lauren King

Enjoy one of Cardiff's finest views every day overlooking the iconic Roath Lake, Roath Park. This rare opportunity comprises of drawing room, lounge, dining room, beautiful kitchen/diner, utility room and downstairs cloakroom.

The property is available unfurnished and benefits from being recently decorated with fresh paint and new carpets throughout.

To the first floor are four bedrooms and a modern bathroom with separate shower cubicle. The property also benefits from an enclosed rear garden, driveway parking and a garage to the side of the property.

A holding fee of one weeks’ rent will be payable to secure the property. This will be deducted from the final balance payable upon moving into the property, subject to a successful application.

The property is also located in the very popular Cardiff High school catchment.

Contact our area specialist Lauren on 02920 499680 for more information on our rental properties.

36

EPC Rating: E

Council Tax Band: G

37

FEATURED RENTAL PROPERTIES 62 ENQUIRIES, 8 OFFERS AND LET FOR OVER ASKING PRICE.

Waterloo Court , Penylan

£1,200 PCM

2 bedrooms

1 bathroom

915 sq.ft

East Grove, Roath 38

£1,150 PCM

2 bedrooms

1 bathroom

1304 sq.ft

57 ENQUIRIES RECEIVED IN FIRST TWO DAYS ON THE MARKET.

Princes Street, Roath

£995 PCM

2 bedrooms

1 bathroom

587 sq.ft

£1,800 PCM

4 bedrooms

2 bathrooms

1477 sq.ft

33 ENQUIRIES, 9 OFFERS AND LET WITHIN THE FIRST WEEK OF BEING LIVE.

Colchester Avenue, Penylan

39

JR GROUP OF COMPANIES INTRODUCING JEFFREYROSS, SEEL & CO AND DESG Ross Hooper-Nash

JeffreyRoss was originally founded in 2008 as ‘City Abode’, a start up lettings business that sub-let the rear office from Jeff Hopkins of Abobe on Pontcanna Street.

After establishing the brand and reputation in Roath, it was time to expand further and create a base in Llanishen, allowing us to move our presence to all corners of the Cardiff market.

Founded by Ross Hooper-Nash who wanted to take a different, more effective approach to the rental market. The lettings industry in 2006-2007 was totally eclipsed by one of the best performing sales years in terms of growth, units sold, and sales prices achieved. For the majority of regional businesses, lettings was seen as an add on and not something that brought the fees that the sales divisions did, with other agencies having little to no lettings stock at all.

The acquisition of one of Cardiff's oldest auctioneers and estate managers Seel & Co in 2019 helped create synergy between the two companies for auction and surveying.

Ross identified a gap in the market for high end lettings across the city centre and ear marked Pontcanna as the first area to target. Given his success at the regional level, he had plenty of clients prepared to follow him when he set up on his own.

Lockdown 2020 saw Ross expand the group further into commercial rentals via a new office and hot desking company called 'Desg'. Once Covid restrictions were lifted, the commercial office space company quickly filled and includes Tenants that could further bolster the industry, from major construction companies, planning to PR, Quantity Surveyors and Architects.

What he couldn’t have foreseen was the financial crash of the sales market in 2008 due to over valuation and 110% mortgages which ultimately lead to the increase in rental properties coming to the market. People still had to move, but weren't prepared to do so at a loss by selling.

Due to an uptake in the names 'Abode' and 'City Abode' being used by many other businesses nationwide, the need for a name change was triggered. After weeks if deliberating, it was decided that even though they weren't business partners, it would be mutually beneficial to use both the names of Jeffrey and Ross to create 'JeffreyRoss Limited' as one upmarket brand.

Shortly after, Ross had the opportunity to expand to an equally sought after location the other side of the Centre, giving him his first shop front and a foot into another key demographic in Cardiff.

40

It also created a second avenue for clients to sell their homes and have them valued for probate, matrimonial disputes and red book with the Seel & Co RICs accredited surveyors.

By surrounding themselves with market experts, this has allowed JeffreyRoss to branch out further into development appraisals, new homes, as well as creating our own design and marketing team to support all brands in the group.

The future is exciting with further planned expansion, but ensuring we retain the core goals at heart, which is providing excellent customer service maintaining our fundamental values, justified valuations, exceptional marketing and honest advice. To this day we do not believe in tie in contract periods or getting paid until we have fulfilled our obligation to our clients, allowing us to retain some extremely loyal clients over the last 14 years and how we will endeavour to continue as we develop and evolve.

Desg, Penhill Road, Pontcanna 41

TOTAL RAISED FROM AUCTION LOTS IN THE LAST 12 MONTHS

£20,000,000 AVERAGE % OF LOTS SOLD IN THE LAST 12 MONTHS

75.3% Source: EIG Auctions

42

SPECIALISTS IN AUCTIONS, BLOCK MANAGEMENT AND SURVEYING Seel & Co are a long established firm of Chartered Surveyors, Auctioneers, Management and Letting Agents based in the capital city of Cardiff, providing expert advice on all land and property matters throughout South Wales.

Established in 1898, the business was built on traditional values delivered with a modern approach and great service.

Whether you are a seller or buyer, renting or a landlord, leasehold owner or management company, we offer all the advice and services you could need under one roof.

Acquired by the JeffreyRoss Group in 2019, the company has gone through significant changes to become one of the most experienced and forward thinking property firms in the UK.

Seel & Co Ltd is a member of and regulated by RICS and is governed by its professional code of conduct and strict rules on handling Client monies. They are also authorised and regulated by the FCA and can arrange general insurances for Clients at very competitive rates.

Seel & Co pride themselves on the high quality service they provide to their clients which they deliver in a professional and personal way.

For more information about any of the professional services Seel & Co provide, please contact: Telephone: 02920 370 100 Email: info@seelandco.com Website: www.seelandco.com

43

BESPOKE SERVICED OFFICES, HOT DESKING & EVENT HIRE Desg™ invites you to re-imagine what a workplace can be. Combining design principles with curiosity, we aim to be a model for stylish, balanced and mindful environments where companies and individuals can work, meet and share ideas in a safe, considered way.

Their Pontcanna building is lined with picture windows. By day, they create a visual gateway out to Llandaff Fields, connecting you with one of Cardiff’s most expansive green spaces. It’s just a few steps away for easy screen breaks, runs or strolls.

At dusk, the windows glow with interior life beyond the 9-5, including wellbeing activities, socialising or the option to work into the night with 24-hour access for members.

Inside you’ll find two storeys of hot-desks, co-working spaces and private offices, bookable meeting room and our event space.

44

Sound-proofed pods have been beautifully crafted with wood strip decorative Acupanels, and nodistraction phone booths offer an extra quiet option.

Terracotta tiled floors pave a bright and sunny path throughout the building, while beautiful Foresso® recycled worktops and plant-filled centrepieces are among the many appealing details. Gym and showers, members-only lounge, large kitchen, and seating areas for relaxing, are all integral to the setting that has been created to help you feel your best and be your most productive.

For more information about Desg or to arrange a tour, please contact Ollie on: Telephone: 07743 394 461 Email: info@desg.co.uk Website: www.desg.co.uk

45

LEGISLATION UPDATE CHANGES TO THE RENTING HOME (WALES) ACT Jodie Hopkins

From 1st December 2022 (originally 15 July 2022), the Renting Homes (Wales) Act 2016 will change the way Landlords in Wales rent their properties. The Act simplifies how all Landlords rent their properties.

Whether you are a Landlord or a letting/managing agent, these changes will affect you. Key areas affected by the Act include:

1. TENANCY AGREEMENTS Tenants and licensees will be known as ‘ContractHolders’ under the Act. Contract-Holders are required to have an ‘Occupation Contract’ (which replaces tenancy and licence arrangements).

There are two types of Occupation Contract: Standard Contract: This is the default contract for the private rented sector (PRS) Secure Contract: For use by community landlords.

Landlords will be required to issue a ‘Written Statement’ to all Contract Holders. The Written Statement must contain all the terms of the contract.

2. INCREASED SECURITY Where a ‘no fault’ notice is issued, the minimum notice period that must be given is 6 months.

A Landlord will not be able to give such a notice until after the initial fixed term has expired.

Notice cannot be served unless the Landlord has complied with certain obligations, including registration and licensing with Rent Smart Wales, deposit protection rules and the Dwelling meets the Fit For Human Habitation (FFHH) standards.

Landlord break clauses will only be able to be incorporated into a fixed term Occupation Contract 46

if the contract has a fixed term of 2 years or more. A Landlord will not be able to exercise a break clause until 18 months into occupation.

3. ALL PROPERTIES MUST BE SAFE You must ensure Dwellings are fit for human habitation (FFHH). This includes electrical safety testing and ensuring working mains wired smoke alarms and carbon monoxide detectors are fitted.

The obligations on Landlords relating to FFHH can be found online at: www.gov.wales/fitness-homeshuman-habitation-guidance-landlords-html In addition, rent will not be payable for any period during which the Dwelling is not fit for human habitation. Failure to comply with fundamental terms of the contract can result in the Landlord having to refund two months rent, which the court can increase 100%.

4. ANTI-SOCIAL BEHAVIOUR Where the Contract-Holder has breached the Occupation Contract the minimum notice period that must be given is one month.

This notice period can be shorter where it relates to a breach of the anti-social behaviour or the serious rent arrears terms.

5. SUCCESSION Enables both a ‘Priority’ and ‘Reserve’ successor to succeed to the Occupation Contract. This allows two successions to the contract to take place. For example, a spouse followed by another family member. In addition, a new succession right for carers is created.

CONTACT OUR LETTINGS TEAM TO MAKE SURE YOU ARE READY FOR THE CHANGES ON 1ST DECEMBER '22.

6. ABANDONED PROPERTY

ANY QUESTIONS?

Landlords are able to repossess an abandoned Dwelling without a court order, after serving a four week warning notice and carrying out investigations to satisfy your concerns that the Dwelling has been abandoned.

Do you have a question about the changes coming in December 2022? Or are you looking for an up-to-date rental assessment or sales valuation of your property?

7. JOINT CONTRACTS A joint Contract-Holder will be able to leave a contract without ending the contract entirely. New joint ContractHolders can be added without having to end the current contract and start another one.

Contact our award winning lettings team on: Telephone: 02920 499680 Email: info@jeffreyross.co.uk

47

WE MANAGE

OVER 100 DEVELOPMENTS THROUGHOUT THE UK (APPROX. 2,500 UNITS)

48

BLOCK & ESTATE MANAGEMENT KEEPING THINGS RUNNING SMOOTHLY FOR YOUR PROPERTY Karl Reid

PROPERTY BLOCK MANAGEMENT SERVICES Seel & Co Ltd is a long established family firm of Chartered Surveyors providing bespoke Apartment Block Management and Estate Management services to our clients using a dedicated team of professionals.

Using specialist software geared to the management of service charge accounts we work with you to ensure that all your responsibilities under your Lease and Statutory Legislation are properly met.

We provide a personal, efficient and comprehensive service to our clients and it is the quality of that service that is one of the most important criteria for us to achieve.

ASK US ANYTHING Excellent communication, careful selection of service providers and regular monitoring of your property provides quality of service and value for money, as well as allowing us to understand your individual needs.

Strictly governed by both the Royal Institution of Chartered Surveyors, ARMA and the Financial Conduct Authority, all client money is held under the Clients Protection Scheme and accounted for daily.

MANAGEMENT FEES Our fee for administering the management of a block of flats would vary with the complexity of the site and number of units to be managed.

Please be advised that some services fall outside day-to-day management of the site and may incur additional charges as and when necessary and in agreement with the Client. Any additional charges may be negotiable.

Contact us for a bespoke management fee, tailored to your property and needs.

Telephone: 02920 370 100 Email: karl.reid@seelandco.com Website: www.seelandco.com/block-management

Providing expert advice regarding future budgeting, planning maintenance projects and providing adequate levels of reserves for a site are essential aspects of estate or block management.

49

NEW DEVELOPMENT ST JAMES CHURCH, GLOSSOP ROAD, CARDIFF Elliott Hooper-Nash

ABOUT ST JAMES CHURCH The most prestigious Cardiff Church residential development demands a specification to equal its importance, with no compromise on materials, detail or design to create an elegant quality finish.

St James Church offers an impressive and remarkable collection of generously proportioned, luxurious bedrooms for sleeping and dressing, creating a haven of peace for relaxing and unwinding at the end of a busy day.

Architecturally designed to create unique environments within this beautiful building, the combination of traditional features, contemporary glazing and exposed beams in the upper floors make this a special place to live.

For many people the kitchen is the true heart of the home. That’s why every magnificent contemporary kitchen in St James Church is individually designed and fitted with modern appliances.

50

St James Church is set in a vibrant location in the heart of Cardiff City Centre which makes the development perfect for culture, business, education, dining, shopping and everything else Cardiff has to offer.

ARRANGE A VIEWING Visit our magnificent collection of luxury apartments and townhouses to experience for yourself how location, design, material and expert craftmanship can combine for the ultimate lifestyle.

To arrange a viewing, visit www.stjamescardiff.co.uk and register your interest.

St James D I V I N E

R E - I N V E N T I O N

LOOKING FOR A NEW BUILD? CHECK OUT OUR FULL LIST OF PROPERTIES. www.jeffreyross.co.uk/new-homes

St James Church, Glossop Road 51

52

"At St James Church, there is no compromise on materials, detail or design to create an elegant quality finish throughout the entire development."

Elliott Hooper-Nash

53

"Book a viewing today to experience for yourself how location, design, material and expert craftmanship can combine for the ultimate lifestyle."

Elliott Hooper-Nash

54

55

AVERAGE TIME FROM INSTRUCTING A CONVEYANCER TO MOVING IN

12-16 WEEKS

56

SOLICITOR / CONVEYANCING INSIGHT CONVEYANCER TIPS FOR SELLERS & BUYERS Andrew Oakley

The recent boom in the property market has continued since the initial increase in demand brought about by the temporary Land Transaction Tax and Stamp Duty Land Tax reductions at the end of the first lockdown.

This has resulted in unprecedented levels of new instructions to Conveyancers and these instructions have not shown signs of slowing since these incentives expired.

The rise in new instructions has inevitably increased the average Conveyancer’s workload pushing those Conveyancers who want to stay on top of the trend into modernising their approaches and working smarter, with a more streamlined and efficient service being offered to Clients.

For Buyers, again, acting early and decisively is key.

The funds for searches should be provided and the mortgage application process should be started as soon as possible.

Timeframes for search results and mortgage offers have increased following the start of the boom, which has inevitably impacted the average Conveyancing timeframe. Therefore, it is more important than ever to commence these processes at the earliest possible stage.

Above all, it is important as a seller or buyer that you instruct a Conveyancer you trust will represent your interests in a way that helps remove as much stress as possible from the process.

Here at Spencer Skuse & Potter client satisfaction is our top priority. In order to achieve this target, there are a number of things that Sellers and Buyers can do to help us and to help themselves get ahead of the game.

For Sellers, preparation is key. All relevant documentation relating to the property should be made available to their solicitors (and therefore to their buyers) from the outset to avoid unnecessary enquiries being raised or delays locating the documents once requested.

57

FINANCIAL / MORTGAGE INSIGHT 3 TIPS FOR BUYING YOUR FIRST HOME IN 2022 Tom Willis

It’s no secret that rising interest rates, fluctuating house prices and the looming cost of living crisis is making the mortgage market an increasingly challenging territory for first time buyers.

It is worth bearing in mind that this is a rough guide.

Some banks will have stricter guidelines whilst others may lend more than five times your income so long as you meet other criteria.

Tom Willis, an experienced mortgage advisor from Cardiff-based firm Eden Hawk Financial Solutions, shares three tips for mortgage-seekers navigating the market in the current economic climate.

Mortgage criteria varies from lender to lender and applying for a mortgage impacts your credit score, so it’s worth getting advice from your mortgage advisor on which lender might have a suitable deal for you.

This will be particularly helpful if you need additional evidence to support you application.

1.SAVE THE DEPOSIT YOU REALLY NEED Saving a big enough deposit is one of the greatest challenges for first-time buyers because putting money aside whilst renting, studying, raising a family or managing monthly outgoings can feel almost impossible.

Rising house prices haven’t helped the situation and how much deposit you’ll need to save to secure your first home will depend on the cost of house you’re hoping to buy.

The good news is, 95% mortgages are available again having practically disappeared during the pandemic.

To give yourself the best chance of success, seek early advice from your mortgage advisor so you have a realistic understanding of how much you really need to save.

2. ESTABLISH HOW MUCH YOU CAN BORROW When you come to apply for a mortgage, lenders will analyse your finances before deciding whether they’re happy to approve your loan request.

When it comes to calculating affordability, most lenders will allow you to borrow up to four and a half times your annual household income.

58

3. UNDERSTAND WHAT YOU CAN AFFORD When it comes to buying a home, the purchase price is just the beginning.

You’ll need to factor in the additional costs of moving, including Land Transaction Tax (Stamp Duty), legal work and an independent survey.

PREPARATION IS KEY In summary, the best thing you can do is be prepared.

It’s difficult to predict what will happen next in the UK property market but mortgage options look set to remain positive.

It could still be a challenging time to buy your first home but take your time and equip yourself with the relevant information when it comes to your deposit, borrowing capacity and affordability. Good luck!

AVERAGE TIME FROM APPLICATION TO MORTGAGE OFFER

2-4

WEEKS

Source: Eden Hawk

59

COST OF DOMESTIC PROJECTS HAVE INCREASED BY

61% Source: Checkatrade

60

DESIGN & BUILDING INSIGHT INCREASE IN BUILDING COSTS SINCE COVID-19 Ben Smith

Since the COVID out break the domestic construction market has seen a boom in work, which if you took advantage of has no doubt led to you gaining further sqft on your property and an increase in your house value. However, since the Summer of 2021 the UK construction market has seen an unprecedented uplift in construction material costs. Coupled with the boom in the domestic construction markets, building is now more expensive than ever!

It is generally accepted across the Construction market that the cost of materials have now increased by some 25-30% since last summer, with some key construction materials (concrete, steel and timber) increasing by more than 50%. This incredible acceleration in material costs has not been seen for some 40 years in the UK market and is putting severe pressure on an already fragile sector.

While the acceleration of the cost of materials is now starting to slow, the current energy crisis will now start to play its part in passing further costs through the supply chain further increasing costs.

This all impacts on local builders and trades persons who now find themselves having to increase their costs to ensure they maintain a margin of profit.

Checkatrade note that the cost of domestic projects have increased by some 61% from January 2021 to January 2022.

This may lead to you wondering whether undertaking home improvements is the best of ideas, or whether moving is the better option? I’ll leave far more qualified individuals to advise on the housing market, but from a construction point of view it is fair to say that the market is definitely in a challenging place and waiting 6 to 12 months may well see the market in a far more settled position.

That being said, if getting works undertaken on your house cannot wait, there are a number of things you can do to try and ensure that your dream extension doesn’t run away in cost, leaving you with a bitter taste. Our advice would be; PLAN Take time to Plan and Design the works before you start; Its an old adage but “failing to plan is planning to fail”. Ensure that you have agreed on all aspects of the build, from the exact size of the project, the location of key services (bathrooms etc.), right down

to the proposed finishes and number of plug sockets!

The fastest way to blow a construction budget is to start making changes half way through the project.

SHOP AROUND Ensure that the builder you are going to use is reputable and gives you the confidence that they can deliver what you want. Undertaking work in your house is a deeply personal thing, so you need to ensure that whoever you are entrusting to carry out the works gives you the confidence that they are the right ‘fit’. Simple things are to ask for references, check out their social media, ask if they have any affiliations (FMB etc.)

Shopping around also relates to materials and large items. There are still some bargains out there so don’t be afraid of scouring the market place for similar (but cheaper) products.

THE CONTRACT If the builder tells you not to worry about a contract then I would walk away there and then! Having an agreed starting point (both in reference to works and cost) is essential to avoid costly disputes and fallings out. It doesn’t need to be war and peace, but referencing the agreed drawings, the contractors schedule of works and the price is a minimum. Ensure that you agree who is going to be responsible for planning / building control sign off / gaining relevant details and calculations from the Engineer / Architect.

CONTROL During the build ensure that you keep an eye on progress, and ask for programmes and input into decisions regarding the location of key items. If the contractor is well organised they should be able to provide this level of information easily. This also relates to the money. Don’t pay up front and ensure that you don’t pay 100% of the cost until you are happy all the works are completed to your satisfaction.

So whether your looking at a simple extension, or planning the next annex of your property the above is as good a starting point as any.

61

JR CLIENT EXPERIENCE KEY FEATURES TO HELP SELL, LET & MANAGE YOUR PROPERTY Elliott Hooper-Nash

JEFFREYROSS PROPERTYFILE Transparency and customer service are the fundamentals that have made us successful to date.

As we constantly strive to improve the customer and client experience, we have introduced several key services that give greater transparency on what we are doing for our Sellers, Landlords, Tenants and Buyers via their very own web log in known as PropertyFile.

This is why we now assist our clients with their search and utilise off market campaigns and target marketing techniques to get you access before anyone else.

RELOCATION ADVICE Moving out of Cardiff with work and unsure of the new area you are moving to? We can give advice on the postcode territory values across the UK for the majority of property types.

This innovative software updates in real time and highlights online property performance, from viewings booked / feedback / offers made to even reporting maintenance, checking updates and downloading landlord statements. All of which can be accessed 24 hours a day, 7 days a week.

UNRIVALLED MARKETING

JEFFREYROSS PRIORITY

We also promote our properties through our social media channels to target potential buyers and tenants before the property goes to market.

Registered applicants will receive property listings up to 48 hours before they go on to the open property market. Applicants need to pre-qualify on affordability before being granted access to our priority list, where they will be able to gain instant access book viewing times for each available property (predetermined by our clients).

JEFFREYROSS PROPERTY FINDER We know how competitive the property market is right now particularly in key locations where you are often competing with multiple parties for each property.

62

We offer professional photography, virtual reality, accurate floorplans, online marketing via the key property portals (Rightmove, Zoopla, OnTheMarket, Boomin) as standard.

To discuss our unrivalled client experience further, please contact Elliott on: Telephone: 02920 499 680 Direct Dial: 02922 744 470 Email: elliott@jeffreyross.co.uk Instagram: @elliott_jeffreyross

63

64

65

66

67

JeffreyRoss www.jeffreyross.co.uk