17Nov

Andrew Arnold, organiser of the above event said: "I would like to say that the Live@ThePavilion committee is hugely grateful for the overwhelming support that we have again been given by Kevin Henry. Not only did they provide the usual high level of sponsorship, but Henry was an outstanding auctioneer for the Auction of Promises"

20Oct

Kevin Moll and Henry Rowe opened for business on October 20th 1988, with just 2 other members of staff.

 

Over the last 28 years they have firmly established themselves as one of the best agents in the region, which was proved when they picked up the coveted award in January this year ‘Best Estate Agent in East Anglia’ from the  Guild of Professional Estate Agents, in association with the Telegraph, at their prestigious awards ceremony in London.

 

Now an office of 17 staff leading the way in both Sales and Lettings, Kevin Henry have just enjoyed the best 12 months trading in their history.

 

Said Kevin Moll, Director, ’28 years have flown by. We remain motivated to offer a service second to none and have plans in place to offer more services to our clients and increase our presence in the area.  After a record year, the future is very exciting’

06Oct

Kevin Henry Enjoy 'Post Brexit Boom'

 

 

After initial market caution following the results of the referendum, as I outlined in my previous newsletter, confidence returned and with it, sales!

As soon as we were through July the market took off, and August, which is traditionally the quiet month with people on holiday, became one of our biggest sales months of the year.

We agreed on 40 sales in August, and this September we look to agree another 30.

With this fine autumnal weather, we are very much hoping that the robust market will continue on through October, as people look to secure a property for a pre-Christmas move.

If you are thinking of selling your home, either this year or early next year, now is a good time to arrange an obligation-free market appraisal. Please give us a call, seven days a week, on 01799 513632.

Kevin Henry Acquired by Sharman Quinney – but It’s business as usual
 
Kevin Henry has big news: on 22 September, we were acquired by the Sharman Quinney Group, making us part of one of the largest group of estate agents in the country. 
 
Sharman Quinney are part of the Connells Group, which are, in turn, owned by the Skipton Building Society, so we are now a force to be reckoned with, yet will still retain our personalized service that we have provided since 1988.
 
This is a very positive move for Kevin Henry:  from the point of view of our customers, we have the support of a very strong, established group, and they have the comfort of knowing that Kevin Henry will grow under its existing name. We will be employing our own in-house mortgage consultant. Kevin and I are to remain as directors. It will also give a career path for our younger employees and, of course, security for our valued long-term employees.
 
Kevin and I are very excited about this new partnership, and the opportunities it offers for all of us.

 

Are House Prices Brexit Proof? Cross Your Fingers

 

 

The Guardian ran a thoughtful analysis in August about how economic data has been positive, but that we should be cautiously optimistic for 2017 - and that includes house prices.

 

English Housing Survey: Affordability Is the Biggest Issue for Young Buyers

 

 

According to the Gladman Group, on 21 July 2016, the government released the English Housing Survey. 

The survey shows that the average age of first time buyers has increased in the last 20 years, from 30 to 33 years old, an all-time high for those getting onto the property ladder. It also demonstrated that between 1994-1995 and 2014-2015, the proportion of first time buyers aged 16-24 years declined from 23% to 10%, while the proportion aged 35-44 years increased from 11% to 20%.

Further, the proportion of first time buyers that were single households halved to 14%, demonstrating that most first time buyers are having to buy with others in order to buy their first property. And, despite average incomes of first time buyers increasing, a higher proportion require assistance from friends and family for a deposit. According to the survey, the median household income per year of a first time buyer was £43,000 in 2014/15, compared to less than £20,000 in 1994/1995. But this has been out-stripped by the increase in the cost of getting onto the property ladder as a first time buyer. A link to the full report is here.

 

Six Ways to Get the Luxe Bathroom Look

 

 

In this cross post from Zoopla, interior designer Sarah Ward shares some inexpensive top tips on how to spruce up your bathroom. (Hint: Ditch the multi-coloured towels.)

 

Home Opens: Why They Work

 

 

At Kevin Henry we have been running home opens for a number of years and find that it’s an innovative way to allow people to leisurely look round properties that are new to the market.
 
Home opens normally take place on a Saturday or Sunday for around 1.5 hours.  They are normally by appointment only.
 
During the home open Kevin Henry take details of all viewers and ask for their comments on the property. We then share this information with the seller, and it allows us to build a very useful picture of how the property is positioned on the market, based on the opinion of motivated buyers. 
 
The success rate on home opens is high: we normally agree a sale on 50% of the home opens within a week of the viewing. The remaining 50% are usually sold some weeks later as a result of the feedback we receive and adjustments that are made.
 
If you are currently on the market and would like to consider a home open, please do contact Kevin Henry, or, if you are looking to come to the market in the near future, call us to find out more about this special marketing tool.

Debden
£200,000
2 BR maisonette
Excellent first-time buyer house
Own garden, beautiful village

 

Saffron Walden
£275,000
3 BR ex local authority
Large plot
Excellent opportunity to update and enlarge

 

Ickleton
£389,995
3 BR semi detached thatched cottage
3 reception rooms
Wealth of period features

 

Ashdon
£500,000
4 BR commercial property
Currently trading as shop/post office
Rear garden in excess of 250 ft

 

Saffron Walden
£890,000
5 BR detached house
One-third of an acre of gardens
A few minutes’ walk to town centre

Copyright ©2015 Kevin Henry All rights reserved.
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26Feb

The return of the first time buyer?

 

Although this may sound like a Hollywood blockbuster, the return of the first time buyer to the property market could well take place in 2016.

First of all, let’s turn to market predictions for the coming 12 months. If you Google ‘property price predictions’ you will come up with acres of posts. The truth is, nobody really knows what the property market will do in the next 12 months. At best, these are educated guesses.

The property market depends on a number of things: economic circumstances, elections, feel-good factor, confidence. With an impending EU referendum on 23 June, who’s to say that the property market may not stall while we await the outcome?

If we exit Europe, will the property market suffer, or will we simply take a breath and recover?

My best guess (and it is a guess, despite over 30 years’ experience in the property market) is that with stable, low interest rates and confidence high, the property market will remain on an even keel. We will see a slight increase in property prices but not as great as we did last year, which in some parts of our region was up to 15%. The property market really can’t deal with another 15% price increase – it would, in my humble opinion, create a ‘bubble’, which is dangerous.

Now, let’s turn to the return of the first time buyer, which Right Move recently wrote about. What makes me believe that we will see more first time buyers in 2016? Well, it’s already started. Why?

First of all, the buy-to-let investors are easing out of the property market. George Osborne has clamped down on them and there is a link to an excellent Q and A by Zoopla below. Buy-to-let investors are fully aware of the impending tax implications and most of them have already ‘filled their boots’. So though they will continue to buy, it won’t be in great numbers.

However, in anticipation of a last minute demand by buy-to-let investors, a good deal of stock has come to the market, particularly the smaller one and two-bedroom properties.

Who else does this type of property attract? Of course, traditionally, this was where first time buyers started their journey up the property ladder. Now, first time buyers have been keeping a careful eye on such sites as Rightmove and Zoopla (both of which we feature on strongly) and are aware of this increase in stock.

With increased supply and demand, properties remain fairly stable. This is good news for all of us. First of all, we have young people owning their own home with all the responsibility that goes with it, giving them an incentive to climb the property ladder in the future.

This will also free up property further up the chain. As these first time buyer properties are re-sold within the next one to two years, more first time buyers will enter.

Although buy-to-let investors have provided valuable rental stock, they don’t generally sell their properties for at least 10 years. Some may even pass from generation to generation.

So, in a nutshell, I believe first time buyers will be returning to the market. They will have choice; they will start freeing up the property market and we may get back to a slightly more normal property market.

Buy-to-let investment is still very much a part of our market, but we may see it in a different form – crowd funding, friends forming companies – it could get far more professional.

That’s all from me until the spring. We’re looking for the clocks to go forward and those longer evenings, so we can get out and show you the house of your dreams!

12Feb

Kevin Henry has been awarded the exclusive Gold Award for the East Anglia region in an esteemed ceremony hosted by The Guild of Professional Estate Agents, in association with The Telegraph.

Held on Thursday 28 January, 2016 at the Millennium Hotel, Mayfair, London, The Guild’s Annual Awards recognise outstanding levels of customer care and industry expertise in its 800 strong network of independent estate agents.

This year, The Guild has teamed up with The Telegraph to deliver its most prestigious awards to date. The new partnership greatly demonstrates the ever-growing strength of The Guild network and its influential position in UK estate agency. The awards also included two new awards categories, Best Lettings Agent and Best Newcomer, which recognise the expanding proficiency of its membership and changing nature of the market.

Hosted by TV Presenter, Melissa Porter, and sponsored by The Telegraph, the awards ceremony was a highly important event with over 250 attendees. Kevin Henry was presented with their trophy by Christopher Middleton from The Telegraph and Marcus Whewell, CEO of The Guild.

The judging panel consisted of well-renowned industry experts Marcus Whewell, Jon Cooke, Susie Crolla, Katie Griffin and Bill McClintock. They commended Kevin Henry on its consistently high levels of customer service, outstanding expertise and use of unique marketing tools.

Marcus Whewell commented, ‘Everything we undertake at The Guild is intended to help raise standards in estate agency, and all of our winners have shown a tremendous commitment to this ethos. This year’s entries were the strongest to date, reflecting the growing breadth and quality of The Guild network. It is such a privilege to be able to reward our members’ hard work and dedication to providing a superior and valuable service that also makes a positive impact on local communities. We would like to thank The Telegraph for being such enthusiastic supporters of our awards and for joining us in our celebration of success in the network. Our heartfelt congratulations and thanks go to all of the winners who truly deserve their awards’.

 

Kevin Moll added, ‘Receiving this award is a huge honour to all of us at Kevin Henry. We work very closely with The Guild to improve the service that we offer our clients and this award is proof that our endeavours have paid off. I would like to personally thank all of our staff for always striving to go above and beyond what is expected to provide our clients with a personable service. 2016 promises to be an extremely exciting year for us and we’re confident that this award is the first of many successes’.