Here at Knightsbridge Estate Agents, we are passionate about all things property. Our blog is a space where we share valuable insights, expert tips, and the latest property buying, selling, and investing trends.
As experienced estate agents, we understand that navigating the property market can be exciting and overwhelming. Whether you are a first-time buyer, a seasoned investor, or a homeowner looking to sell, our blog is designed to be your trusted resource throughout your property journey.
Pensions have been a major talking point this week as it is Pension Awareness Week. So why not take the time to review your pension plans? 1. Know how much you’ll need The latest calculations from the Pensions and Lifetime Savings Association suggest that a one-person household requires £43,900 per
The Bank of England (BoE) has voted to hold the base rate at 4%. The announcement earlier today was in line with financial market expectations. The steady-as-she-goes approach comes after new figures released yesterday showed inflation remains unchanged at 3.8% (above the Bank’s target of 2%). The BoE is obviously
A fixer-upper or a home that has ‘room for improvement’ has long been attractive to buyers. But that could be changing. Let’s explore if it’s a good idea to get your home move-in ready before putting it on the market. What buyers want may be changing A new survey* says
If you’re new to renting, here’s some advice that will help get your tenancy off to a good start and avoid future disputes. Searching for a property to rent can be daunting, especially if you’re a first-time tenant. But by avoiding the rookie mistakes listed below, you can build the
If you’re looking to get on the property ladder, here are some helpful home truths that could help you avoid a costly mistake. Stepping over the threshold into your first property is an exciting and memorable moment. However, first-time buyers (FTBs) can waste valuable time and money by making any
Around 5.6 million keys of all types are lost every single year.* Here’s some advice for landlords on minimising the headaches caused when tenants lose their keys or lock themselves out. Beware self-locking locks Locks which automatically lock when the door is closed (or the wind blows it shut) are
Second Hand September is a campaign originally set up by a national charity to encourage people to shop for second hand clothing. We’ve come up with our own take on it with some great ideas that are easy to try. 1. Say no to new Try not to buy any
Downsizing into a purpose-built retirement apartment or flat is something that many older homeowners ponder. Here are some things to consider if you, or a friend or relative, are looking into buying in a retirement development. What do retirement apartments offer? Retirement apartments, which are part of a purpose-built retirement
You want more space. The kitchen bleeds into homework time. The spare room became an office, then a dumping ground. The obvious answer used to be to extend. Yet over the last few years, the sums have changed. This is an article for Leicester homeowners who are weighing up an
What a fantastic day we had at the Oadby Food Festival on Saturday, 30th August! A huge thank you to everyone who came along to support our local businesses and traders – your support truly made the day special. The atmosphere was buzzing with delicious food, great company, and plenty
It’s good to be green. But here are some things to bear in mind if you’re considering buying a green home. What exactly is a green home? A green home is usually thought of as being a property that is very energy efficient, eco-friendly and sustainable. A green home will
In the summer of 2020, Leicester’s property market, like the rest of the UK, roared back to life after weeks of pandemic lockdown. It was a strange moment in history. The pause in the British housing market had created a bottleneck of pent-up demand, and when the doors reopened, homes
We’re excited to be joining in with this year’s Oadby Food Festival on Saturday – a brilliant event that brings our community together to celebrate food, fun, and local spirit. As part of the day, we’ll be running a raffle packed with amazing prizes, with every penny raised going to
Some landlords will have to change the way they file their tax returns from April next year. Read on to find out if you will be affected. Here’s a friendly reminder that changes in the way HMRC expects the self-employed, including landlords, to manage their tax returns are coming. The
If you’re desperate for more space at home, could a room in the garden be the solution? Here’s what you need to consider first. With children increasingly living with their parents well into their twenties and thirties, many homeowners are yearning for more living space. The obvious answer to this
At Knightsbridge Estate Agents, we’re always looking for ways to make a positive impact on our community – and sometimes it’s the small, simple ideas that can make the biggest difference. That’s why we’ve introduced our Community Box Share, available exclusively at our Clarendon Park office. Whether you’ve just moved
There are now 1.3 million electric vehicles on UK roads, with numbers rising 38% over the last year alone.* Here’s what landlords need to know about the demand for electric vehicle charging. Do you need to fit an EV charger in your property? There is currently no legal requirement for
To avoid a last-ditch panic, it’s worth making back-to-school preparations sooner rather than later. All good things must come to an end, even the summer holidays. While this may not be something you want to contemplate just yet, it pays to think ahead and avoid leaving everything to the last
What an amazing time we had at this year’s Oadby Car Fest! The sun was shining (most of the time), the streets were full of incredible cars, and the atmosphere was buzzing from start to finish. We set up camp with two things in mind — fun and fundraising —
In this article, we’ll look at what the latest Bank Rate reduction means for buyers and movers. And we’ll ask whether it could be a good time to make your move. What has happened to interest rates? At their latest meeting, the Bank of England decided to cut the official
Here are some home truths about property overvaluations that you must read if you’re thinking about listing your property. If it’s too good to be true…well, you know how the rest of the saying goes. In fact, you’ve probably used it when a friend or family member has asked you
The property market received a boost today, with the Bank of England cutting the base rate from 4.25% to 4%. The quarter-point cut, announced by the bank’s Monetary Policy Committee today, is the fifth reduction in 12 months. The decision is good news for buyers or property owners seeking to
The Government has recently announced a new mortgage guarantee scheme. Here we’ll explain how it works and what it might mean for the property market. What is the new Mortgage Guarantee Scheme? The Mortgage Guarantee Scheme is an official scheme where the government backs mortgages that are larger than a
Why Leicester’s Under-34s Are Taking Longer to Buy a Home It’s no great revelation that young people in Leicester are finding it increasingly difficult to buy a home. Rising living costs, modest wage growth, and stricter mortgage lending rules have all contributed to a noticeable shift in the housing landscape.
A new survey pours cold water on the claim that landlords are abandoning the private rental sector in droves. The press loves a dramatic headline, don’t they? Back in December, one national newspaper ran this thundering warning: ‘The devastating landlord exodus about to hit Britain.’ Other mainstream and specialist property
In an age of towering new build flats and sprawling three-storey town homes, there is something refreshingly honest about a bungalow. No stairs. No split-level gimmicks. Just a simple, all on one level home that offers practicality, privacy, and increasingly, prestige. If you had asked the average house hunter a
On Saturday 26th July, Leicester came alive as hundreds of people took part in the LOROS Twilight Walk 2025. This year was extra special, marking 40 years of LOROS Hospice, and the city was full of colour, energy, and community spirit. The evening began at the King Power Stadium, where
Unattractive or poorly maintained neighbouring properties can slash the selling price of a home by an average of £42,880, according to Churchill Home Insurance. The biggest value losers are rubbish in the front garden (a possible 30% loss), too many garden ornaments or statues (28%) and broken/boarded up windows (27%).
How often do you test your smoke alarm? If you’re like most Brits, the answer is probably not regularly enough. House fires can be devastating, destroying property and in some cases even causing loss of life. However, many people fail to follow even the most basic precautions to prevent serious
Survive the summer holidays and the challenge of keeping children entertained with these fun activities that don’t cost the earth. I’m bored! Two words you’re bound to hear over the next few weeks if you have school-aged children. So how can cash-conscious parents keep boredom and mischief at bay for
The Renters’ Rights Bill has just concluded its passage through the House of Lords. Here’s an update on what happened and a look at what comes next. What is the Renters’ Rights Bill? The Renters’ Rights Bill is said to be the biggest change to landlord-tenant law in a generation.
While some people only move a few times in their lives, for others it’s a very different story. When it comes to moving home, how typical are you? Are you the restless type who ups sticks every few years? Or have you been settled in the same property for decades
Rents across Leicester have surged in the last five years, but not all parts of the region have grown at the same pace. This heatmap reveals the average change in rents across Leicester, with darker red areas showing the sharpest increases and lighter yellow zones reflecting more modest rises. While
Leicester Homeowners Pocket £5,262 a Year in Profit Since 2005 As we are now half way through 2025, it’s certain the Leicester housing market has been more restrained than the post pandemic 24 months of the summer of 2020 through to July/August of 2022, and I believe that the ‘steady
Less than half (46%) of tenants have contents insurance, according to a new report*. Which begs the question: Is your rental property properly insured? Here’s what landlords need to know. Who’s responsible for insurance in a buy-to-let? In a buy-to-let, the responsibility for insurance is split between the landlord and
The fallout from this week’s BBC Panorama TV show continues to ripple through the estate agency industry and among the public. If you haven’t watched the programme, it featured a reporter going undercover for six weeks to expose unethical practices, including conditional selling (more about that later), within a corporate
Owning a buy-to-let can be a challenge, especially in the current market. If you’re looking for a letting agent to help you let or manage your property successfully, here’s how to find the very best one. Firstly, do they work in your area? Are they the local experts? It may
The financial watchdog is asking whether mortgage rules should be more flexible to help older buyers, the self-employed and reliable renters get on the property ladder. UK society has changed dramatically over the past decade. There have been huge shifts in the way Brits live and work and when they
Over a third of home insurance flood claims occur between June and August, according to insurer Aviva.* Here’s how landlords can prepare for the risk of flooding. Many people associate flooding with the colder seasons, but changing weather patterns mean it’s time to think again. Jason Storah, CEO of UK
If you have ever thought about selling your Leicester home, chances are you have been tempted to push the asking price a little higher than advised. After all, it’s your biggest tax free asset. A few extra thousand on the asking price of your Leicester home sounds like a smart
Listings (New to Market) 36,700 new listings this week (↓ from 37.7k last week) YTD listings are 5% higher than 2024 and 7.6% above the 2017–19 average (930.1k YTD vs 889k in 2024) Price Reductions 26,700 reductions this week (↓ slightly from 26.8k) That’s 1 in 7.1 homes on the market being reduced monthly (14%) For
Is your home taking longer to sell than you’d like? It’s possible that your listing has gone stale. Here are some ideas for reviving a stale property listing. Give your home a lift Chances are that when you first listed your property you kept everything spick and span for viewings.
The world’s most famous tennis championship, Wimbledon, has begun. So let’s take a (slightly tongue-in-cheek) look at the parallels between championship tennis and selling or letting a property. Before you get started, cut the grass And make sure everything else is looking its very best too. Unlike Wimbledon, you don’t
Tech experts have warned that fraudsters are using Artificial Intelligence to create fake documents. Here’s what landlords need to know. The news is currently awash with stories about the marvels of Artificial Intelligence (AI). Unfortunately, however, there is a downside to this technological tsunami – one that will concern landlords.
New rules on preparing Energy Performance Certificates, or EPCs, have just come into operation. Here’s what you need to know about EPCs going forward. What is an EPC? An EPC is an Energy Performance Certificate. EPCs show you how energy efficient a property is using a rating from A (most
Over the past five years, Leicester’s private rental market has experienced a significant growth in rents. The average monthly rent has increased from £802 in 2020 to £1,030 in 2025, representing a 28% rise. These local trends are interesting when compared with the national picture, where the average monthly rent
Listings (New Properties on the Market) 37.6k new listings this week (last week 39.3k) YTD 5% higher than Week 23 of 2024 YTD and 8% higher YTD compared to 2017/18/19. Price Reductions (% of Resi Stock) 27.4k Price Reductions this week (last week 27.9k) Monthly Run Rate in reductions – 1 in 7.1 of Resi
At first glance, that number stands out. More homes. More choice. But that’s only half the story. Although the number of properties for sale locally has doubled since 2022, the number of homes selling has also increased. Nationally, regionally and locally in Leicester, activity is up, prices are fluid, and buyer behaviour
The Bank of England has decided to maintain the current base rate. The Bank of England’s Monetary Policy Committee (MPC) has voted to hold rates. The decision, announced today, means that the base rate will stay at 4.25%. The MPC voted six to three to maintain the current rate. (Three
The Bank of England will announce its latest decision on interest rates later this week. But have you ever wondered who decides what your mortgage interest rate will be? Here we’ll explain how it all works. The Bank Rate vs the mortgage rate The first important thing to know is
Old stereotypes about tenants are going out the window as the number of renters aged over 55 continues to grow. When you think of a ‘typical renter’, what comes to mind? A young professional, a university student – or how about someone in their 50s, 60s or 70s? The latter
When most people decide to put their Leicester home on the market, they assume one thing. That it will sell. After all, why wouldn’t it? You instruct an estate agent, the board goes up, photos appear on the portals and viewings get booked and offers made. Simples! Except it is
If you’re expecting a new baby, then big congrats from us. You certainly have lots to think about, including whether to move home or stay where you are. Here are our tips to help you decide. Do you have enough space? You might need an extra bedroom or two, and
How Many £1 Million Homes Actually Sell? It surprises many people just how few £1 million homes actually sell. Just because a property carries a seven-figure price tag, it does not guarantee a successful move. Nationally, across all property price bands, around 54 percent of homes sell and complete. Yet for homes
Take advantage of the summer weather and get ahead with maintenance on your rental property. Summer isn’t just the perfect time for lazy picnics in the park and trips to the seaside. The long, sunny days also make it an ideal opportunity for landlords to undertake important maintenance and safety
The UK Property Market Update for Week 21 of 2025 Listings (New Properties on the Market) 31.9k new listings this week (last week 41.3k) YTD 5% higher than Week 21 of 2024 YTD and 9% higher YTD compared to 2017/18/19. Price Reductions (% of Resi Stock) 21.5k Price Reductions this week (last week 27.2k) Monthly
We’re really looking forward to taking part in this year’s Clarendon Park Summer Fair! The event runs from 11am to 5pm on Sunday 15th June 2025, and it’s always a brilliant day full of local spirit, great food, independent stalls, and fun for all ages. You’ll find our team at
If you are a Leicester homeowner or landlord and considering selling your Leicester property soon, you may have wondered how long it will take to find a buyer and sell. The time it takes to sell a home varies depending on location, property type, price range, bedrooms, and market conditions.
What’s your semi worth in today’s market? Here’s the latest average value of a semi-detached home in our area: These are just averages—some homes will sell for more, some for less. It all depends on things like plot size, condition, extensions, parking, and school catchments. But it gives you a
When you’re selling your property, material information is one of the many things you need to know about. Here’s an explanation of what material information is and how important new rules will affect you. What is material information in a property sale? Material information is basic information about a house
What do tenants really want in a rental? The answer is surprisingly personal. When tenants feel happy in a rental, they’re more likely to stay put and look after the property. For landlords, this can mean a long-running, trouble-free tenancy (and who doesn’t want that?). So what elevates a rental
The Hidden Crisis Facing the Area’s 50- and 60-Something Renters You’ve heard of retirement. But what about ‘rentirement’? It’s not a typo. It’s a ticking time bomb. There are 6,439 households in Leicester, aged between their early 50s and mid-60s, renting privately, not owning the Leicester homes they live in.
Don’t underestimate how much a beautifully presented garden can sway buyers and help you clinch a great price for your home. When it comes to preparing a home for listing, there’s a lot to do. But in your effort to get the interior of your home ‘just right’, don’t forget
Rentvesting is an arrangement where you rent a home to live in yourself, but buy a property elsewhere and rent it out. Rentvesting has received a lot of attention in Australia, New Zealand and the USA in recent years. Here we’ll look at whether it might work for you. The
It’s been a bumpy ride on the stock market this year. In contrast, property has proved to be a stable, resilient investment option. Two issues have dominated the economic news this year: Trump’s tariffs and stock market volatility. But amid all the chaos, one story has gone somewhat under the
Shared houses or HMOs are often thought of as being a very lucrative type of property investment. Here’s what you must know before investing in an HMO or converting your existing property into one. What is an HMO? An HMO (house in multiple occupation) is a property where the rooms
Are you considering moving home in Leicester over the next 6 to 12 months? You may be a Leicester landlord deciding whether to grow your portfolio or sell off a few properties. Or you’re a Leicester first-time buyer wondering if 2025 is the right time to move. Understanding whether the
Homeowners worried about spray foam insulation in their property will find lots of helpful advice in a new consumer guide. The Property Care Association (PCA) has published a guide for homeowners detailing the practical steps they can take if spray foam is present in their property. As many as 250,000
Landlords who make any of these common mistakes could find their insurer refuses to pay out on claims. Picture this: you’ve been loyally paying your landlord insurance premiums for years without ever making a claim. Then there’s an unfortunate and unforeseen incident at your buy-to-let. Once you’ve dealt with the
Listings (New Properties on the Market) 42.6k new listings this week (last week 32.5k) YTD 6% higher than Week 17 of 2024 YTD and 9% higher YTD compared to 2017/18/19. Price Reductions (% of Resi Stock) 27.2k Price Reductions this week – Monthly Run Rate in reductions – 1 in 7.5 of Resi Sales stock per
Today, the Bank of England (BoE) cut the base interest rate to 4.25%, delivering a boost for borrowers. The quarter-point rate cut is the second of 2025, with more expected to follow later this year. Looking forward Financial forecasters predict interest rates will continue to fall due to several deflationary
As we move into early summer 2025, Leicester’s property market paints a bleak picture—especially for first-time buyers. Headlines scream that getting a foot on the ladder is harder than ever, and for many, that feels painfully true. With the average first-time buyer deposit in 2024 hitting a staggering £61,000, dreams
Should you buy a new build home? Or would an older property suit you better? Here are a few things to bear in mind to help you decide. What’s good about buying a new build? What’s good about buying an older home? New and old homes each have their advantages;
Listings (New Properties on the Market) 32.5k new listings this week (last week 37.5k) YTD 6% higher than Week 16 of 2024 YTD and 9% higher YTD compared to 2017/18/19. Price Reductions (% of Resi Stock) 22.1k Price Reductions this week – Monthly Run Rate in reductions – 1 in 7.5 of Resi
New figures show there are over 401,000 buy-to-let companies* in the UK – more than any other type of business. Let’s look at what landlords need to know about owning their property through a limited company. Reasons to set up a limited company Possible tax savings are the main reason
The private rental sector in Leicester has seen a 44.8% increase in average rents since 2016, according to data compiled by TwentyEA and Denton House Research. That headline statistic is bound to catch a lot of attention. For tenants, it may raise concerns. For Leicester landlords, it is a sense
Whether you have a garden, patio or terrace, these quirky ideas will help transform your outdoor space. Here are three ideas if you want to turn your conventional garden or outdoor area into something out of the ordinary. 1. Create a fun, Tiki-inspired space Tiki culture hails from the South
Flats and apartments make up just over 21% of the UK’s housing stock and while they’re typically more affordable than houses, the price differences across the country are quite stark. Over the last 12 months, average flat prices and volumes of sales have shown significant variation depending on region. Here’s what the
If you’re considering selling your home, you may be wondering whether you should fix it up before it goes on the market. Here are the pros and cons to think about. The pros Rightmove estimates that, on average, a fixer-upper sells for a discount of 12%, suggesting many buyers value
Strict new financial sanctions rules affecting many landlords and tenants apply as of May 2025. Here’s a quick heads-up on the changes. What are the new financial sanctions rules? Financial sanctions rules prevent certain people and organisations from doing business in the UK and enable their assets to be frozen.
Listings (New Properties on the Market) 37.5k new listings this week (last week 41.1k) That’s 8% higher than Week 15 of 2024 YTD and 9% higher YTD compared to 2017/18/19. Price Reductions (% of Resi Stock) 21.2k Price Reductions this week – Monthly Run Rate in reductions – 1 in 7.5 of Resi Sales
Since 2016, private rents in the East Midlands have increased by 44.8%, according to data from TwentyEA and Denton House Research. This figure may come as a surprise to some and no doubt will stir mixed feelings—especially among tenants who’ve seen their monthly outgoings steadily climb. Yet there’s another side to the
In today’s Leicester housing market, property market data isn’t just helpful – it’s essential. For Leicester homeowners and landlords looking to buy or sell a home, understanding the latest Leicester property trends, buyer behaviour, or house pricing movements is the difference between making a confident move and flying blind. Data
We all know humans find moving stressful, but it can make cats and dogs anxious, too. Here are three ways to make relocating easier for your pets. If you’re a pet owner preparing to move house, it’s important to consider the needs of the four-legged members of your family. Cats
A shocking 53.4%* of house fires are caused by electrical hazards, according to a new report from the electrical trade body NICEIC. Here’s what landlords must know about electrical safety in their property. Landlords’ responsibilities for electrical safety Landlords are legally responsible for the safety of the permanent wiring in
There’s positive news for the Leicester housing market, with a noticeable increase in the number of homes going under offer/sale agreed in the first quarter of 2025 compared to the same period in 2024. Across nearly every region of the UK, sales agreed (sold subject to contract) have risen, indicating
As Leicester’s property market shifts and grows, sellers who’ve been on the market a while often face a tricky question: when to tweak the asking price—and by how much—to spark new interest. With the number of homes for sale in Leicester’s LE1 through to LE9 and LE19 postcodes jumping from
A question we’re often asked is: Do I need to have sold my house before I offer on another? The answer is no, but there can be good reasons to do so. Let’s explain. As you might know, selling a home can take time. (No matter how great your estate
Understanding what is really going on in the Leicester property market is key to cutting through the noise and seeing the true picture–both locally and nationally. Despite the near constant doom and gloom headlines predicting a housing crash since September 2022, the statistics tell a very different story. The British
Protect your investment and your health by following these stress-busting property management tips. Being a landlord is a great way to earn income and build equity – but it’s a job that can be challenging sometimes. While most tenancies run without a hitch, issues such as emergency repairs or tenant
These visual maps of Leicester, Oadby & Wigston highlight the varying proportions of homes in different parts of the town that are owned with a mortgage or loan. The darker the shade, the higher the percentage of homeowners in that area still repaying a mortgage. Conversely, the greener areas indicate
If you’re sick of staring at a screen, take up stargazing and see the world from a different perspective. Every major civilisation has looked to the night skies for inspiration and information. The Romans believed the stars and planets were the gateway to the Gods. The Mayans used astronomy to
For many parents, proximity to an outstanding school tops their property wish list. Here’s what you need to know before relocating for a school place. The desire to live in the catchment area of a good school is nothing new. Ten years ago, one in four families moved or changed
If you’re a landlord and you’re thinking of selling your rental, then it could potentially lead to a big tax bill. Here’s what you need to know. What tax do you pay when selling a buy-to-let? Capital Gains Tax (CGT) is a tax charged on the gain you make when
Ensure young children are safe and secure in your home by following these simple measures. Young children can be curious and unpredictable, which is why you can never be too careful when it comes to safety around the home. This is why the Royal Society for the Prevention of
It might surprise you to learn that between 1 in 16 and 1 in 10 pensioners across the UK now privately rent their home from a buy-to-let landlord. That’s right—not from the council or a housing association, but from the private rental sector. This isn’t just a London or city-based
What’s happening in the housing market, and what’s on the horizon for the rest of 2025? Let’s look at the latest property news. Base rate decision The Bank of England’s Monetary Policy Committee took a steady-as-she-goes approach to interest rates when it met last month. The committee held the base
Redecorating your rental helps protect your investment and keeps your tenants on side. Here, we’ll look at how often you should refresh your buy-to-let. The law on rental redecoration There are no specific rules on how often you must redecorate a rental property. The law says that a rental property
Chancellor Rachel Reeves has just made her Spring Statement in Parliament. Here we’ll look at what it might mean for the property market. The Spring Statement, also known as the Spring Budget, isn’t meant to be a Budget. That happens in the autumn. The idea is for the Chancellor to
It’s often said that artificial intelligence or AI is the future and will change how we do everything. So can AI help you find a home to buy or assist you in selling one? Let’s find out. What is AI? AI is technology that enables computers to simulate human intelligence.