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145 the 50p is 50 01

 

The 50p is 50! First introduced in October 1969 to replace the 10-shilling note, today there are over 100 different designs in circulation. 1997 saw the introduction of the new, lighter coin.

In October 1969, the average price of a UK property was just £3,899. Today the average price is over 58 times higher at £232,710. Comparatively, considering inflation, the 50p is worth just 35 times more.

If you’re saving your pennies, it takes just a quarter of a million 50ps to purchase in the North East, compared to over half a million in the South East and South West and nearly a million in London.

The largest commemorative edition of the coin edition celebrated the UK’s accession to the European Economic Community in 1973, with a mintage of 90 million. A further commemorative 50p coin is expected to be issued when the UK leaves the European Union.

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The top 10 most mispronounced place names in the UK have been revealed by the creators of language app Babbel.

Frome in Somerset, most commonly pronounced as rhyming with ‘home’, tops the list, average property prices here are just over the UK average.

Although English is the second most spoken language in the world, the laws of British English are well known for their complexities. None of these mispronounced names is spelled phonetically.

Of these ten locations, all but four have average property prices higher than the current UK average. Beaulieu tops the league with the average price of a property exceeding £500,000.

Figures released from various sources suggest that the market – in terms of house prices at least, are holding their own, despite the political uncertainty we are currently witnessing. Year on year figures range from +0.6% (Land Registry) to +1.1% (Halifax). Nothing spectacular as an investment return, but it does demonstrate once again how resilient and reliable property can be – especially when it is regarded as a home rather than a commodity.

In the absence of the speculative buyers of yesteryear, the fact is that today’s buyers still need to buy and they have real reasons for doing so – job, marriage, children, divorce, debt, death etc. Affordability is at a record high and both unemployment and interest rates remain at a record low. In other words, all the metrics are in place for sustained stability in the housing market. If anything were to have dramatically affected the property market – it would have done so by now; and any issues caused by a weaker pound have apparently been offset by an influx of overseas investors looking to pick up a bargain.

For nearly 12 weeks we had our house up for sale with a well-known estate agent in Melksham. There was barely any communication and we were left feeling disappointed that nothing was happening. After many excuses of we weren’t getting any viewings, we decided to enlist the services of Lock & Key instead. In the space of 2 weeks, not only did they keep us updated and in the loop all the time, they also found a buyer for our home. From beginning till end their service was excellent. Nigel, Julie & Amanda are friendly, professional and will get you results, not excuses.

Thanks again, Tatiana & James, Rosemary Way.

Coffee

 

Tuesday 1st October marks International Coffee Day. Across the UK, 95 million cups of the world’s most popular drink (except for water) are consumed daily, whether at home or in one of over 25,000 coffee outlets across the country.

From instant to ground, lattes, to cappuccinos, flat whites to expressos, £10.1 billion was spent in coffee outlets across the UK in 2018, the equivalent of 43,402 average-priced UK homes.

Consumption of coffee in the UK varies by age, with those aged 53 years plus boasting the highest levels of consumption at 2.2 cups per day. Although under 20-year-olds currently drink on average just 0.5 cups, the fastest growing demographic for coffee consumption is those aged 13–18 years.

The number of coffee outlets is anticipated to overtake the number of pubs in the UK by 2030. Up and coming key coffee trends include superfood coffee, cold brew and nitro coffee and wifi-enabled coffee makers.

We all know about the importance of first impressions. Yet it is surprising how few people take a proactive approach to doing a few things that will really impress a buyer before they even walk through the door.

Once the buyer realises that the property is well cared for, especially in such apparently minor details as well-clipped hedges and verges, clean windows and tidy paths, they are far more likely to be receptive to the property overall, as they seek to find ways of visualising their new home.

This year, September reveals a mixed bag on the property scene. On the one hand, nationally, the number of new property listings in the UK fell by a whopping 13.2 per cent last month*. On the other hand, the latest figures by UK Finance suggest a strong growth in first-time-buyers - up 5.8% year on year.

Certainly the number of new-to-market properties traditionally declines over the summer months, but this usually ramps up again in September. It will be interesting to note if this turns out to be the case this year in view of the political uncertainties of Brexit and a possible election on the cards.

"Great personal service, we can't praise Lock and Key enough for helping us to sell so quickly"

Alan Smullen, Bader Park, Melksham

We always get asked two questions by our clients: 1) How is the property market in Melksham doing? and 2) Are properties selling?

We are always honest with our clients and we always have the statistics to prove this.

πŸ— 𝐒𝐀𝐋𝐄𝐒 𝐀𝐆𝐑𝐄𝐄𝐃 𝐈𝐍 𝐓𝐇𝐄 π…πˆπ‘π’π“ 𝟏𝟎 πƒπ€π˜π’ πŽπ… π’π„ππ“π„πŒππ„π‘ πŸπŸŽπŸπŸ—!!

These stats have been taken from Rightmove on 11-09-2019

 

 

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  • £3,485 is the estimated average cost of school uniforms for a child over the course or their school life (Reception to Year 11).
  • The cost is equivalent to 4.31 months of a mortgage repayment or 3.31 months’ of average rent, although there are substantial regional variations.
  • Across the North East and Yorkshire and the Humber, the total cost of kitting out a child is more than eight times an average monthly mortgage repayment, while across London the cost of two months’ rent is on par with school uniform costs.
  • Across the country, 8.4 million children are predicted to return to primary or secondary school this week, a total uniform bill in the region of £2.4 billion.

To Nigel, Julie and Amanda. We would like to thank you for all your help, effort and advice you gave us in selling our home in Semington recently. Always professional but friendly and approachable, we appreciated being kept informed and updated on a regular basis. We highly recommend Lock & key.

Many thanks, Esme & Philip Howard, High Street, Semington.



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