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Home Information Packs aka HIPs

Are Home Information Packs (HIPS) Necessary?

Once again, there have been relentless campaigns over the HIP (Home Information packs). HIP’S is designed to highlight possible discrepancies of a property. From a sellers point of view Hip’s can be seen as a costly and time consuming process, on the other hand in a buyers point of view, Hips is deemed necessary in order to for see the potential problems your chosen property may have. It has been revealed there will be a preliminarily trial of the Hip’s report, which will be undertaken in 6 major cities across the UK, and these are Southampton, Cambridge, Bath, Huddersfield, Newcastle and Northampton.

The hips report is designed to shift the emphasis of buyer to the seller in order to collect relevant information about the property. The initial aim was to cut down on unnecessary waste, save time and make the market more efficient- all this seems reasonable. However there have been numerous complaints from mortgage lenders and other professional bodies insisting that the reports would dissuade people from putting their houses on the market.

We at Rent A Home Manchester, just like yourselves like to save money, but with the HIP’s report expected to cost roughly £650, this is a hefty price to pay but to make money matters worse, the report has to be reassessed every 3-6 months. In case there are further problems which can be identified during the selling process, adding more costs to the current situation. This would save buyers millions, which they currently waste when sales fall through before contracts are even signed.

Rightly so, there are already many costs to selling a house, finding a good estate agent and solicitors is difficult as it is and not to mention costly, adding additional costs such as the HIP’s report will create higher demand and no supply of housing at all. This will no doubt cause higher property prices; in the short run interest rates will continue to rise rapidly in order to curb the increase in prices. The government has really over looked the issue. In most circumstances buyers would also insist on an independent survey themselves, therefore the report would be seen as pointless by sellers.

Even though, there are continuous problems with Hip’s one of many is the fact that there is currently a lack of experts or even signed on to relevant courses to conduct the Hip’s report. With all this in mind, the government expects the HIP’s report will become compulsory on the 1st June 2007. Sellers must be aware of these pricey demands before putting your house on the market!!!

The packs will include:
• Terms of sale
• Evidence of title
• Copies of planning, listed building or building regulations consents
• A local search
• Guarantees for any work on the property
• An energy performance certificate

source: http://news.bbc.co.uk/1/hi/england/4784923.stm

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Edinburgh’s Waterfront - Granton Project

Did you know that Edinburgh is currently planning to create and regenerate one of its most ignored part of the city. To the North of Edinburgh you will find at the edge of the city a waterfront, which for the most part has been neglected.

Waterfront Property Developments are starting to become the more popular trend for Property Developers and Property Buyers. Looking at our other Rent A Home Websites; London has had a craze for Properties in Canary Wharf and Wood Wharf and also Sheffield with it’s Property Development in CastleGate & Victoria Quays. There has been an increase in demand for these Properties and also looking at the bigger picture, they have an immense impact on the area. They are economically beneficial and they create desirable areas in which people want to live in. Urban regeneration, notably around water fronts, benefits the city from residential and commercial development. Hence, why Edinburgh – Scotland are following the trend, to aid in increasing it’s city’s already renowned reputation.

The Edinburgh Waterfront is an enormous regeneration project encompassing over 120 hectares (346 acres) of land! The idea is to exploit the water views of “Firth on Forth” and to completely regenerate the currently run down area in Edinburgh. They have code named it “The Granton Waterfront Project” and it is the regeneration of brownfield and the contaminated land at the Granton Waterfront in the North of Edinburgh. It is a fantastic development opportunity as it lies around 3 km from Edinburgh city centre, and has some of the best views in Edinburgh. To the North is the sea, while to the South is the world famous skyline of Edinburgh Castle, the ridge of the Old Town and the green of Arthur’s Seat and the Holyrood Park.

How long will it take? It is estimated to take around 15 years, but to be honest these are only projections. So most likely it will take longer than that.

What exactly is going to be built?

5,300 Residential units
638,010 sq ft of Commercial space (mainly offices)
261,452 sq ft of Retail space
248,224 sq ft for Hotels
69,691 sq ft of Leisure space
85,987 sq ft of Cultural space (currently investigating including cultural elements such as a theatre and modern art gallery)
1 or 2 new schools

So again, keep an eye out for future property developments in the North of Edinburgh! This is really the one to watch in Edinburgh, and at the Rent A Home Edinburgh team, we predict that this will have a huge impact on Edinburgh and Scotland.

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The New; Old Town of Edinburgh

A History of the “Towns” of Edinburgh; the City of Edinburgh is split into two Towns - the New and the Old Town. We found this interesting on how it has effected how the current infrastructure of Edinburgh is shaped.

The Old Town has preserved its medieval plan and many Reformation-era buildings. One end is closed by the castle and the main artery, the Royal Mile, leads away from it; minor streets (called closes or wynds) lead downhill on either side of the main spine in a herringbone pattern. Large squares mark the location of markets or surround major public buildings such as St Giles Cathedral and the Law Courts.

Other notable places of interest nearby include the Royal Museum of Scotland, Surgeons’ Hall, the University of Edinburgh, and numerous underground streets and vaults, relics of previous phases of construction. The street layout, typical of the old quarters of many northern European cities, is made especially picturesque in Edinburgh, where the castle perches on top of a rocky crag, the remnants of a dormant volcano, and the main street runs down the crest of a ridge from it.

The New Town was an 18th century solution to the problem of an increasingly crowded Old Town. The city had remained incredibly compact, confined to the ridge running down from the castle. In 1766 a competition to design the New Town was won by James Craig, a 22-year-old architect. The plan that was built created a rigid, ordered grid, which fitted well with enlightenment ideas of rationality. The principal street was to be George Street, which follows the natural ridge to the north of the Old Town. Either side of it are the other main streets of Princes Street and Queen Street. Princes Street has since become the main shopping street in Edinburgh, and few Georgian buildings survive on it. Linking these streets were a series of perpendicular streets. At the east and west ends are St. Andrew’s Square and Charlotte Square respectively. The latter was designed by Robert Adam and is often considered one of the finest Georgian squares in the world. Bute House, the official residence of the First Minister of Scotland, is on the north side of Charlotte Square.

Sitting in the glen between the Old and New Towns was the Nor’ Loch, which had been both the city’s water supply and place for dumping sewage. By the 1820s it was drained. Some plans show that a canal was intended, but the Princes Street Gardens were created instead. Excess soil from the construction of the buildings was dumped into the loch, creating what is now The Mound. In the mid-19th century the National Gallery of Scotland and Royal Scottish Academy Building were built on The Mound, and tunnels to Waverley Station driven through it.

The New Town was so successful that it was extended greatly. The grid pattern was not maintained, but rather a more picturesque layout was created. Today the New Town is considered by many to be one of the finest examples of Georgian architecture and planning in the world.

Information Source: http://en.wikipedia.org/wiki/Edinburgh

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Manchester Arndale Exchange

That’s right; it’s been a long eight years of planning and four years of redevelopment but Shopaholics across Manchester will be delighted to hear the fantastic news. Manchester Arndale has officially completed its third and final stages of its redevelopment programme, the Winter Garden in the North side.

With an incredible £170 million of investment, including a £20 million transformation of the food chain food hall, the entire centre’s exterior is utterly unrecognisable. From the yellow tied and brown mosaic faced monolith that used to dominate the Manchester’s City Centre into the new glamorous glazed entrances letting the light flood in from every angle. In addition its spacious interior and décor (stylish granite flooring) has turned the old Arndale centre into a sophisticated yet relaxed atmosphere redefining the centre into a whole new shopping complex. It really has to be seen to be believed!

The final phase of the centre redevelopment program, the incredible Winter Garden, has many high street brands such as large clothes retailers NEXT, NEW LOOK, TOPSHOP and RIVER ISLAND, elegant bars and restaurants surrounding a 100ft high glass atrium. This design feature cleverly brings the whole centre together perfectly, creating the complete shopping experience. Within a few months a further 10 stores will be successfully trading, alongside this will be the new refurbished Arndale Market. It is now officially the largest in town shopping centre in the UK - which is larger than the Bullring in Birmingham, now that’s something all of Manchester should be proud off.

With about 350,000 people walking through the city centre everyday, Manchester has definitely put its place firmly on the map. The city has proved itself to be the shopping capital of the North. With a number of residential development programs happening across the city, there are plenty of residents eagerly waiting to explore the New Arndale centre. The amazing shopping complex is expected to attract approximately 35-40 million visitors every year, employing over 5,000 people to facilitate the high demand. With Christmas drawing closer they are expecting to increase their employees to 8,000 in order to make this Christmas slightly easier for every shopper.

What’s more, the centre has excellent transport links, especially with its multi million pound car parks with direct lift access into the centre, its metro links and efficient bus services taking you directly outside the centre. Shopping couldn’t be anymore easier, all we need to do is turn up, browse through the stores, and spend our hard earned cash the way we deserve! So keep on developing Manchester & Happy shopping!

Manchester Arndale
Picture From: http://www.answers.com/topic/manchester-arndale

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London’s Elektron Towers

Remember the articles about the “Sky Towers in Canary Wharf” and about “London and the Olympics 2012” – if you don’t you should go and have a quick skim read through them because, this article directly follows on what has been mentioned and its impact to the London Property Market - especially with regards to Canary Wharf.

What we will be talking is the launch of the West “Elektron” Tower near Canary Wharf.

london-property-development

The Elektron Development site is situated on the north side of the river Thames directly opposite the Millennium Dome. The London Property Development headed by Barratt’s Homes will encompass 3 towering 25-story blocks. Currently all of the Phases of the first 2 Tower Blocks built are now sold out. Barratt’s have now announced the launch of the “West Tower” and yes that means it is the last one and the final phase!

1 Bedroom apartments are going from £219, 995 – and for the current London Property Market it is affordable compared to many other areas.

Transport wise the Elektron has easy access to the “East India” Docklands Light Railway Station, which is only 4 DLR stops away from Canary Wharf and 1 DLR stop away from the Jubillee London Underground Line.

london elektron

In our opinion (emphasis again, in our opinion) we believe with all the regeneration projects surround Canary Wharf and the East of London, it may be worth a visit to the Elektron and surrounding Property Developments. As first time buyers the properties are reasonably priced especially for its area; and for investors this may be that ideal property investment that you were looking for.

Good luck!

Images are taken from the Barratt’s Website www.barratthomes.co.uk

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Copthorne and Millennium Hotel Development at Bramall Lane

Sheffield united announced this week that they are teaming up with Millennium and Copthorne Hotels group for a development at Bramall Lane. They are planning to build a 149 bedroom, four star hotel. The development is set on the cherry street junction at the back of the Westfield. The hotel is set to be completed in the autumn of 2008 and construction to begin as early as the New Year. The multi million pound eight storey hotel will also include a restaurant, executive’s suites and a gym.

Also this hotel will be the first copthorne hotel in Yorkshire. The millennium and copthorne hotel group is an international company with a portfolio of hotels around the world. Copthorne has many hotels which include the likes of Copthorne and millennium hotel at the Chelsea village and the copthorne and millennium hotel near the Manchester united ground.

The rent a home Sheffield team believe that the hotel will bring a huge boost to the area while the hotel will also boost tourism due to the fact of new 4 star accommodation at tourists disposal. We believe that Sheffield is slowly starting to develop as a city, from the regeneration project and the interest of developers around the world it shows the potential the city has to offer and we believe this is the catalyst or chain reaction if you will needed to give Sheffield the boost it needs. As the developments get completed, more and more will be planned for the near future until Sheffield starts to look like Manchester or Leeds. If Sheffield is to achieve city status on par with Leeds or Manchester, City houses and city property are bound to increase up to 75% and some maybe even more. It’s all about finding the perfect property at the perfect time. So keep your eyes open for the perfect property investment

copthorne sheffield

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Problems for London’s King’s Cross

London’s King’s Cross is a major Railway Hub for the North of England. Combined with Euston, St Pancras and King’s Cross they all cater for the National Rail Trains going up to places such as Manchester, Birmingham, Sheffield and yes – all the way up to Edinburgh, Scotland! King’s Cross is just on the outer rim of the London Transport Zone One (1) which makes commuting relatively easy with the Piccadilly, Northern and Victoria Underground Lines all going through King’s Cross.

For those who do not know London’s King’s Cross is currently going through a major regeneration project. Actually a really big transformation costing a hefty £2 Billion! The King’s Cross Railways Land project is currently in doubt, due to a miscommunication between the local community.

The property developer Argent, had a proposed plan which included 44% of affordable homes. Of the 67 acres that the Argent Scheme is meant to cover that is a great deal of affordable housing already! The 67 acres includes conservation areas and listed buildings, and it was given permission by Camden Council!

BUT now the £2 billion transformation of King’s Cross may have hit a minor delay! Why? The Local Community are complaining that they were not informed about the change in the percentage of proposed affordable housing, from 44% to 50%! So the overall 6% of the 67 acre land to provide London with affordable housing! This is only a hiccup on behalf of the King’s Cross Railways Land Project, and hopefully it will be resolved soon!

As a £2 Billion regeneration project with 50% affordable housing seems good to the Rent A Home Group and in fact that should apply to anyone who is out there looking for properties in the already expensive London Property Market!

Excuse the pun, but yes – the project won’t be “derailed” – it is only a minor delay! So keep your eyes out for those affordable houses in King’s Cross!

London King Cross

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Bright and beautiful in Edinburgh

Edinburgh’s exclusive property review:

There is something vaguely ecclesiastical about the front door at 22c Polwarth Terrace in Edinburgh, which is actually tucked away around the back of this rather imposing detached Victorian villa, facing out on to the rear garden. This thought follows you into the vestibule where the arched timber doors look like they might have come from a church. Which they did, as it happens, owner and architect Sebastian Tombs having rescued them from a local church that was being demolished. “You see so much waste of lovely old things,” he says.

This individual approach is perfectly suited to this equally individual home, which Tombs, who is the Chief Executive of Architecture and Design Scotland, and his wife Eva, a homeopath, bought in 1983, when they moved in with Eva’s three children. The couple’s approach to house-buying was unusual in itself as they weren’t buying alone. “There were a number of people we had connections with who were looking to relocate,” says Tombs, “so we decided if something big came up we would buy it together and divide it up.”

The perfect opportunity arose when the entire house at number 22 came on the market, having been lived in by the one family since the 1920s. The scale was right, while the house is easily accessible to the city centre yet is set within the quiet and leafy Merchiston and Greenhill conservation area. (It would be a good home for a writer, as Tombs observes, given that the likes of Ian Rankin and Alexander McCall Smith live nearby: “The area’s local magic would be bound to rub off!” he says.)

The couple bought the house with two other sets of buyers, and Tombs’s first big negotiation was over who was getting which part of it. The basement level went to a young family who wanted direct access to the garden, while the grander rooms of the middle section became home to a retired teacher and her companion, with the Tombs taking the upper villa, which gave them the option of then extending into the attic.

Most people would find tackling one property a challenge, yet Tombs had the task of creating all three homes “and everyone had different things they wanted from the space,” he says. As with any big project, there were glitches along the way when developing this upper villa. Dry rot was discovered when the doorway was opened up on the ground level, and again when Tombs opened up the giant shutters in the drawing room. The bulk of the work was completed over six months, although the spaces were still a little rough around the edges when the family first moved in, when they would come in through a hole in the wall and then a clamber up a ladder as the lower section of stair wasn’t in place.

Things are certainly more comfortable these days. The main accommodation is on the original top floor and revolves around the central landing. There are three bedrooms on this level, although the smallest, which is currently used as a study, is accessed from the master bedroom, so this could become a generous en suite. The expansive bay-windowed drawing room has its original timber flooring, ornate cornicing and giant marble fireplace, while there’s also a family bathroom and a large dining-kitchen that Tombs designed with a raised cooking zone. “From this slightly elevated level, we could keep an eye on the kids playing in the garden,” he says. He did consider opening a doorway between the drawing room and kitchen for a while, creating a flow of space between the two, and that possibility remains for the next owners.

The attic level was developed in 1985 after the couple had their three youngest children and needed the additional space. It was a huge task as all the materials had to be trailed up through the house, but this has created another five rooms which have been used as bedrooms although Tombs has taken one as an office, along with a compact shower room and small kitchenette space.

Tombs also designed the timber staircase leading up to this level to reflect the existing stair below, and included a wide window seat on the half-landing which proved a popular spot with the kids when they were young. It’s been a great family home, he reflects, and the things he’ll miss most are the light on these upper levels and the stairs “because running up and down them all the time keeps you fit!”

The fact that the Tombs are now downsizing to the basement property - so not leaving at all, really - probably says all you need to know about their enjoyment of living in this grand old house.

Source: http://property.scotsman.com

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Manchester; Commercial Property

Manchester-Business-CentreManchester Office

A staggering 2m sq ft of new office space is expected to be built in the city centre; it looks like the city will be packed out with bright new office blocks. The rise in office blocks is due to developers realizing the massive earning potential Manchester can generate, with reasonably priced office space, growing income from rent and rising capital values. Investors are acting fast to get hold of the commercial blocks, as they are selling out like hot cakes.

Office flats in central Manchester are rising rapidly; specialist’s claims that rent on new buildings will top £30 a sq ft by the end of next year. This is due to one main factor according to peter Skelton of Lambert Smith Hampton’s “Prime rents are being driven by the increase of pre-lets for large units of quality office space”. At present office space stands at £28.50 per sq ft, however there are predictions that this will rise to £30 per sq ft by the end of 2007, it looks set to be broken soon. Also with the potential arrival of the BBC moving to Salford Quays, this can only help reinforce Manchester position in a regional and national context as an innovative city, in which case boosting property prices and the economy.

Some amazing design schemes in the city centre has raised the standards for new office buildings, for instance blocks like Bruntwood Estates 1 Portland Street, as much as £20-£25 rent is being achieved. This therefore implies that investors are prepared to pay good sum of money for good quality space. Schemes that don’t offer the best facilities will no doubt struggle with up coming designs, designs need to be addressed in the right locations and have access to good public transport.

The world’s largest search engine GOOGLE, also set eyes on Manchester and opened it first UK regional office here. Google chose Manchester as they believed it had the right mix of companies, talent and the prospect for the future looked promising. With these characteristics people are fighting to develop their own companies here. All in all the future looks bright, indicating the only way is up for city centre office rent.

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Manchester - Fastest Growing City in the NW!

Did you know that Manchester is currently the fastest growing city centre in the North West, employing over 1.2 million people and an estimated 400,000 residents. For visitors coming into Manchester you may have noticed parts of the city centre is under construction, the rise of new office blocks and commercial property everywhere.

This is due to a massive regeneration project, which is happening in every quarter of Manchester. In the next 10 years, it is expected that the city will continue to experience considerable commercial development in order to maintain substantial growth. In particular The Great Northern will be home to a new 46,000 square foot casino, expected to be opened in early November 2006, which is operated by the London Clubs International, hoping to attract many visitors to the area.

There are also reports that the local government are discussing plans for a £600 million extension to the present Metro link extending it to Oldham, Rochdale and East Manchester and possibly Disbury, creating easier access to the vibrant city. Other plans are the housing renewal projects such as New East Manchester and the Oldham and Rochdale pathfinder projects, which look set to completely transform these towns, making it more appealing to outside investors, especially with links to the city centre improving rapidly. The next 12 months will see even more active projects.

So Manchester is gradually expanding! We will update you when we find more information about potential expansion plans, that will consequently effect and hopefully cause an increase in property value and activity!

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