Tag: leamington property

Only 38.3% of Royal Leamington Spa Households are Eco-friendly

Only 38.3% of Royal Leamington Spa Households are Eco-friendly

Improving the energy efficiency of Britain’s 27.2 million homes, which are responsible for more than a quarter of the country’s CO2 and other greenhouse gas emissions, is seen as key to tackling the issues of climate change, fuel poverty and our country’s energy security. This is particularly important as in June the Government announced they were going to make the country carbon neutral by 2050, meaning Britain’s homes need some enormous retro-fitting to meet these ambitious climate targets.

Researchers at Nottingham Trent University said it would cost on average £17,000 per property to retrofit an average UK home to make it carbon neutral with renewable energy and insulation (if done en masse and not piece meal). That would cost the Country £462.4bn (interesting when the NHS costs £154bn per year). Now of course 22.7m homes are privately owned so that would be the responsibility of the owners, but if we look at publicly owned council housing, that would cost the Government in excess of £76.5bn – HS2 is ‘only’ £56bn!

The benefits of making homes carbon neutral go further than saving the planet, as occupants would have much lower gas and electric bills (which total £31.824bn per year), warmer households and a much-lower strain on the NHS, which currently spends about £848m a year treating conditions that arise from cold housing. Also, local authorities would have to spend a lot less than the £5.2bn a year for ongoing property maintenance by the installation of extra insulation and renewable energy such as ground source heating, wind or solar panels.

To improve efficiency ratings, last year the Government banned landlords from renting property with an energy performance rating of F and G (the lowest ratings), yet I don’t think there is an appetite to force private homeowners to do this work (although you never know in the future??). Homeowners would be unenthusiastic to take on the bother and cost of such building works, yet the Government could offer incentives and grants, which along with the funds saved on their energy bills could make the plan more appealing?

So, what about eco credentials of the properties of Royal Leamington Spa homeowners and landlords?

Every home that has been built, rented out or put on to the market in Royal Leamington Spa since 2007 has had to have an Energy Performance Certificate (E.P.C), giving it a rating between A and G (rather like those stickers you see on fridges and washing machines). A is highest rating (i.e. most efficient and greener) and G is the worst energy performance rating. So, looking at Royal Leamington Spa first, then comparing us to the rest of the UK, this is the result…
 

So, 38.3% of Royal Leamington Spa homes are in that eco-friendly A to C energy performance banding ratings, which is proportionally 3.28% higher than the national average.

So, what next? Well the Government will endeavour to make the green revolution as painless as possible with technology developments like LED light bulbs, for example, saving greenhouse gases without people noticing. In the future we might have hydrogen central heating instead of mains gas, all have solar panels for electricity, all triple glazed windows and even ground sourced heating … sounds pie-in-the-sky? Well who would have thought some of the most wanted cars would be electric and hybrid 10 years ago, built by the likes of Tesla?

There is no doubt that the energy efficiency of a property will rise in the coming years as the cost of fuel and people’s opinion on going green changes. You don’t need to spend £17,000 to find out what you can do to make your property greener. Look at your E.P.C and it will tell you what small changes you can make to improve your Royal Leamington Spa home’s energy efficiency rating and ultimately save yourself money.

If you want to find your E.P.C rating of your Royal Leamington Spa home, go to www.epcregsiter.com 

Leamington Spa & Warwick Property Market Update

Leamington Spa & Warwick Property Market Update

Leamington has always been a town which benefits from its central location, just a short drive from Stratford-upon-Avon, Warwick, Kenilworth and Coventry, Leamington is also well-connected by rail to business hubs including London and Birmingham.

Let’s start with some fun facts

Overall prices have continued to grown by 0.7% since the end of April.

An average price per square foot for property in Leamington is currently between £300 and £400 depending on condition and location.

There has been a shift in the most expensive roads in Leamington, previously held by Northumberland Road and Cloister Crofts

The top 3 best selling streets in Leamington are measured by the proportion of sales in the last 5 years versus the amount of houses in the street.


top the bill Was Gullimans Way at 61% of homes in the road changing hands in the last 5 years
Chapman Close – 58%
Clapham Street –  55%

Watch this video to find out more

Strong local employment is also a major draw, with Jaguar Land Rover and Aston Martin both based nearby, as well as the National Grid, Warwick University and a host of digital media companies.

Streets including Lansdowne Circus, Binswood Avenue and Milverton Terrace, typified by large Georgian and Regency homes, are highly sought after among young professionals and families. Our analysis of listings data shows a gradual rise in the number of properties listed for sale over the last year, particularly at the top end. Leamington’s strong track record of house price growth and the appeal and convenience of town centre living should help underpin prices and activity going forward.

The underlying economic environment also remains favourable, with buyers able to take advantage of historically low interest and mortgage rates.

Having lived in Leamington all of my life, I know why it was voted the happiest town to live in the UK. I love the surroundings, the shops, the countryside, the villages, the restaurants……its such a great place to bring up my family…I will never move out of this area.

So I hope you enjoyed watching this video, and if I can help you answer any further property questions, please call me on the number at the end.

If you need me to answer any other property related questions regarding your home, please call me on 07989 596836.

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