Property price report

We've looked at the Land Registry data for the 12 months to the end of May 2015, and see that on average, prices in east Sussex have risen by 6.43%.

Prices across all property types have risen equally.

Commenting on the analysis, Phillip Mann said "Compared to the retail price index which shows negligible inflation over the last year, and savings interest rates, we feel that property continues to be a good investment, providing capital growth and, if people choose to rent out, rental income as well".

Landlords beware

Smart investors are keen to snap up bargains, and the buy to let market remains surprisingly active.  However, whilst it is tempting to go out and buy, buy, buy – a word of caution, because it might not be so easy to let, let, let. 

Finding a tenant is only one aspect of the venture which some landlords feel can be done independently of a lettings agency. However, we often hear sob stories from new landlords who tried to go it alone - with disastrous consequences.

For example, according to the National Landlords Association, some 50% of landlords have had a property abandoned by a tenant. This usually follows at least one month of rent arrears and can also include substantial repairs bills and cleaning costs, and arrears of electricity, gas and water, which may have accrued without the landlord’s knowledge. So the issue of credit referencing and deposit protection becomes an issue.

Then there is the problem of possession. You can’t just reclaim the property, as the tenants are unlikely to have formally relinquished their occupation. So despite having an empty property, you could still have to gain formal possession through the courts. This can take months and be expensive, especially when compounded with rent arrears and a period of vacancy. And if you re-let the property illegally you can be fined up to 25% of the property’s open market value!

As you might expect from the above, most experienced landlords choose to employ lettings specialists such as ourselves to manage their investment - as well as simply finding a tenant. Whilst the fee is likely to be higher than a straight tenant-finding fee, landlords typically agree that this could well represent one of the most rewarding aspects of their investment in the right letting agency. 
 

WIN £100

You don't need to be a pub-enthusiast to take part in our pub quiz! Just someone with a keen eye for their surroundings!

Below are two pictures of pub signs in Seaford - or at least a snippet of each.

If you can tell us the names of both of these pubs, you could win £100!

Simply email your answer to debbie@phillipmann.com to be in with a chance.

Oh, and if you're more of a Peacehaven or Newhaven person - next month we'll be doing something similar in your area, so keep an eye out for our next newsletter.

Good luck!

 

PUB NO.1

  

PUB NO.2

 

 

 

Peacehaven: what's on in July

Thanks to the brilliant Peacehaven Town website for these listings. Click here to find out more details on each event.

East Sussex Federation - Women's Institute
Date: Thursday 02 July 2015 
Time: 10:00am - 4:00pm
Where: Anzac Room, Community House, Meridian Centre 
Phone: 01323 442592 
Website: www.esfwi.org.uk/wis/peacehaven/

Newhaven & Peacehaven U3A
Date: Thursday 02 July 2015 
Time: 2:00pm - 4:00pm
Where: Main Hall, Community House, Meridian Centre 
Phone: 01273515333 

Sylvia
Date: Wednesday 15 to Saturday 18 July, 
Where: Rottingdean Public Hall, Park Road, BN2 7HL
Website: rottingdeandramasociety.co.uk

Summer Fair with Traditional Afternoon Tea
Date: Saturday 25 July 2015 
Time: 2:00pm - 5:00pm
Where: The Ascension Church Hall and Garden, Bramber Avenue, 
Email: jc.goring@gmail.com 
Phone: 01273 973298 

Beetle Drive
Date: Friday 31 July 2015 
Time: 7:30pm 
Where: Main Hall, Community House 

 

Newhaven: what's on in July

Thanks to the brilliant Newhaven Town website and the Newhaven Town Council website for these listings. 

RNLI Newhaven - Summer Fete & Lifeboat Open Day
Date: Saturday 04 July 2015 
Time: 12:00 Noon - 4:00pm
Where: Huggets Green, West Quay 
Website: www.newhavenlifeboat.co.uk

ARKFEST
Date: Saturday 11 July 2015 
Time: 12:00 Noon - 12:00 Midnight
Where: The Ark, West Quay 
www.thearknewhaven.co.uk 

Vintage Jazz Evening
Date: Saturday 11 July 2015 
Time: 7:30pm 
Where: Newhaven Fort, Fort Road 
Website: www.newhavenfort.org.uk

Lewes to Newhaven Raft Race and Regatta
Date: Sunday 19 July 2015 
Time: 9:00am 
Where: river bank outside Tesco

SEE THE NEWHAVEN TOWN COUNCIL'S WEBSITE FOR MORE LISTINGS 

Seaford: what's on in July?

Thanks to the brilliant Seaford Town website for these listings. Click here to find out more details on each event.

Seaford Art Club Annual Show
Date: Friday 26 Jun 2015 to Thursday 2 Jul 2015
Time: 10.30am — 4.30pm
Where: Arts@theCrypt, 23 Church Street, Seaford, BN25 1HE
Website: seafordartclub.weebly.com

The Seaford Community Garden - in the Crouch
Date: Wednesday 01 July 2015 
Time: 9:30am - 12:30pm
Where: Crouch Gardens, East Street 
Website: www.seaford-sussex.co.uk/scg/index.html 

Seaford Bonfire Society
Date: Thursday 02 July 2015 
Time: 7:30pm 
Where: The White Lion Hotel, Claremont Road 
Website: seafordbonfire.co.uk

Seaford Community Cinema – Wild Tales Cert 15
Date: Friday 03 July 2015 
Time: 7:00pm 
Where: The Barn Theatre, Saxon Lane 
Website: seafordcinema.org

Follers Manor - Open Garden
Date: Sat 4 Jul and Sun 5 Jul
Time: 
Where: The Long House, Nr Seaford, BN25 4AL
Website: www.follersmanor.co.uk

South Coast Triathlon
Date: Saturday 04 July 2015 
Time: 9:00am 
Where: Martello Field, College Road 
Website: www.uktriathlon.co.uk/events/south-coast-run/

RNLI Newhaven - Lifeboat and Helicopter Display
Date: Sunday 05 July 2015 
Time: 10:30am 
Where: Seaford Beach 
Website: www.rnli.org/newhavenbranch.co.uk

Seaford Evening Flower Club Event
Date: Tuesday 07 July 2015 
Time: 10:30am - 2:30pm
Where: Local Market, Clinton Place 
Email: christinepurkess@btinternet.com 

Driftwood - Open Garden 
Date: Tue 7 Jul
Time: 11:00 to 17:00
Where: Driftwood, Seaford, BN25 2RS
Website: www.driftwoodbysea.co.uk

East Blatchington Lecture – Richard III, one of our most controversial kings
Date: Tuesday 07 July 2015 
Time: 2:30pm 
Where: St Peter's Church, Belgrave Road 
Website: stpeterandstandrew.btck.co.uk/SaintPetersEastBlatchington/EastBlatchingtonLectures

Local Market - Seaford
Date: Tuesday 07 July 2015 
Time: 10:30pm 
Where: Clinton Centre, Clinton Place

Seaford Cricket Club v Newick CC - 1st XI
Date: Saturday 11 July 2015 
Time: 1:30pm 
Where: Salts Main Pitch, Richmond Road, BN25 1DR 
Website: www.pitchero.com/clubs/seafordcc

King Lear - by the Synergy Theatre Company
Date: Saturday 11 July 2015 - Sunday 12 July 2015 
Time: 7:00pm 
Where: The Crouch Gardens 
Town: Seaford 
Website: www.thesynergytheatre.co.uk 

Seaford Summer Food Swap
Date: Saturday 18 July 2015 
Time: 10:00am 
Where: Seven Sisters Public House, Alfriston Road 
Email: seafordfoodswap.eventbrite.co.uk@ 
Phone: 01323 492995 

Blind Veterans Dash of Colour
Date: Sunday 19 July 2015 
Time: 10:00am 
Where: Martello Tower
Website: www.blindveterans.org.uk

Seaford Family Fun Day
Date: Sunday 19 Jul 2015
Time: 10.00am-4.00pm
Where: Downs Leisure Centre, Sutton Road, Seaford, East Sussex BN25 4QW
•Sports Demonstrations •Funfair •Bucking Bronco Ride •Community Stalls •Food Stalls and much more!

Lunch Date
Date: Thursday 23 July 2015 
Time: 12:30pm 
Where: Pavilion Restaurant, Dane Road 
Tel. Rita Evans: 01323 896877. 
Email: ritaevans436@gmail.com 

Seaford Little Theatre presents - A Triple Bill of One Act Plays
Date: Friday 24 July 2015 - Saturday 01 August 2015 
Time: 7:45pm (matinee on Saturday 25 July 2.30pm)
Where: Steyne Road 
Website: www.seafordlittletheatre.co.uk/booking.html

 

Thanks to the brilliant Seaford Town website for these listings. Click here to find out more details on each event.

 

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