Letting Fees Banned

Guest blog by James Waight

Welcome to our latest Chiswick property market update. Despite the ongoing political saga and the complete uncertainty surrounding our departure from the European Union, the Chiswick property market has remained resilient. We recently sold a lovely three bedroom Victorian mid terrace on Seymour Road, receiving no less than six different offers. Instructing the correct Estate Agent and adopting a sensible pricing strategy are key if you wish to achieve similar results for your property. A bit like choosing the new Conservative leader, when instructing an Agent its best to avoid those who promise the world and stick with those who have a proven track record.

It is our pleasure to sponsor the Shakespeare in the Squares performance of a Midsummer Night’s Dream on the 6th July in St. Peters Square. For more information and to get tickets, please click here. We hope to see you all there. Last weekend we once again sponsored the beer tent at The Bedford Park Festival which took place on Chiswick Common. A great excuse to drink on the job and at the same time help support our local community.  All of these fantastic events are not distracting us from the job at hand – selling our lovely Chiswick properties. We have recently exchanged contracts on our 2nd house on St. Albans Avenue this year having received multiple bids on the property. From beginning marketing to exchanging contracts took a mere nine weeks!

The Tenant Fees Act 2019 commences from 1 June 2019 and bans most letting fees and caps tenancy deposits paid by tenants in the private rented sector in England. This should hopefully reduce the cost of renting for millions while causing a headache for thousands of Estate Agents, definitely a vote winning piece of legislation. If you are interested in more information about the Tenant Fees Act or interested in understanding more about the sales or lettings market, then please don’t hesitate to contact us, we can arrange for a complimentary Market Appraisal without obligation.

James Waight (third from the left in the photograph above) is Associate Director of John D Wood & Co estate agents in Chiswick. John D Wood & Co sponsors The Chiswick Calendar.

johndwood.co.uk

Photograph below: House recently sold on Seymour Rd