Artist Damien Hirst plans to build 750 homes on land he owns in north Devon. The outline application for Ilfracombe also includes plans for a primary school, shops, business units and a health centre.
The artist's desire for homes "he would like to live in" has been the focus of public exhibitions and workshops for more than a year. A decision on the outline application for the Southern Extension is not expected until May or June.
Winsham Farm - bought by Hirst about 10 years ago - is near the centre of the proposed 187-acre housing development, although four other landowners are involved.
The Land Registry has now made available all of its historic price paid data.
Covering over 18m sales in England and Wales going back almost 18 years, it is free to download.
The data, which is used to calculate the Land Registry’s monthly house price index, includes records of sales at full market value lodged for registration since January 1995.
The records include the full address of the property, the price paid, the date of the sale, the property type, whether it is a new build or not, and whether it is freehold or leasehold.
The data shows that the cheapest property ranged from £5,200
Following on from yesterday's top tips from This Is Money, here are the remaining five pieces of essential advice for property investors:
6. Don't be over ambitious - go for rental yield and remember costs
We have all read the stories about buy-to-let millionaires and their huge portfolios. But the days of double-digit house price rises are gone, so experts say invest for income not short-term capital growth.
To compare different property's values use their yield: that is annual rent received as a percentage of the purchase price. For example, a property delivering £10,000 worth of rent that
For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Buy-to-let may no longer be the hot property of the boom years, but it has seen a resurgence in recent times.
As an income investment for those with enough money to raise a big deposit buy-to-let looks attractive, especially compared to low savings rates and stock market volatility. But beware low rates. One day they must rise and you need to know your investment can stand that test.
Many investors who bought in the boom years before 2007 struggled as mortgage rates rose before the
A rare Victorian railway carriage found semi-concealed in a hedge has sold for £2,300 at a wedding venue house sale.
The carriage, believed to date from around 1890, was among the contents of Birkin House, near Dorchester in Dorset, which were auctioned earlier.
Six serious bidders emerged for the carriage, used more recently as a garden shed, before it was eventually sold to a local buyer. Beforehand, auctioneers had only expected bids of around £1,500.
Birkin House, in the village of Stinsford, has been run as a wedding venue and bed and breakfast in recent decades. Its current owners are
Properties in market towns are noticeably more expensive than the average for their county, according to a new study.
Lloyds Bank has revealed house prices in market towns tend to be six per cent (£14,000) more than in other parts of their region.
The most extreme case is Beaconsfield, Buckinghamshire, where the average property value is £861,371, which is 181% higher than for the county as a whole.
All of the ten market towns with the highest house prices are located in southern England, with Lewes and Cranbrook the next most expensive after Beaconsfield.
Auction House Devon & Cornwall’s November Land and Property Auction was a really successful event with 10 sales achieved from 12 Lots offered and combined Lot value of over £1.4M.
13 Briseham Road, a burnt-out Local Authority property in Brixham with a guide price of £30,000 - £50,000 sold for £60,000 and Furze Park, near Liskeard, a rural cottage to renovate with outbuildings and 3 acres of land, with a guide of £200,000 - £225,000 sold for £242,500. The adjoining parcel of land measuring 2.83 acres with a guide of £15,000 - £20,000 sold for £28,000.
The number of people who are behind with their rent has fallen to its lowest level for five years, according to LSL Property Services.
LSL, which owns several chains of letting and estate agents, said the total amount of late rent fell by £49m between September and October. The figures are for private sector tenants in England and Wales. Significantly, they come at a time when rents across the country have risen to an all-time high.
In October, the proportion of rent that was late fell to 7.1%, down from 8.5% in September. That is the healthiest month since the data was first recorded, in
PROPERTY finance lender, Auction Finance Limited, has increased its Loan to Value (LTV) rate by 10% thanks to a booming auction market.
Auction Finance is now offering up to 80% LTV for auction purchases up to £150,000 after auction houses across the UK reported a four per cent increase in the numbers of lots being sold.
This growing appetite for residential investment, semi-commercial, commercial or land in the auction room has led to Auction Finance launching its highest ever LTV rate.
Scott Hendry, director of Auction Finance, said: “Previously our highest LTV rate was 70%, but to keep on
Most residential lettings by non-resident private landlords which began before 15 January 1989 will be regulated tenancies under the Rent Act 1977. It does not matter whether the letting is furnished or unfurnished.
Since 15 January 1989 most new lettings have been assured or assured shorthold tenancies and it will only be possible to have regulated tenancies in very limited circumstances; .
A regulated tenant has certain important rights concerning the amount of rent he or she can be charged and security of tenure. With a regulated tenancy:
• the landlord cannot evict the tenant unless he or
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