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A prominent corner building on a busy Birmingham street with the potential to produce up to £67,000 a year in rent is up for sale in Bond Wolfe’s next auction. The three-storey building at 50-52 Nechells Park Road in Nechells will have a guide price* of £495,000+ in the livestreamed auction on Thursday 11 July. Ian Tudor, commercial auction director of Bond Wolfe, explained how the mixed-use property already was already producing £9,000 rent a year and that this could be increased with extra development,

It has been less than two months since the Leasehold and Freehold Reform Act 2024 came to a dramatic conclusion, following the announcement of the snap election on 22 May 2024. Many articles and webinars have flowed since then, with differing levels of opinion not only on the content, but on what happens next.  So what does happen next? Simply put – no one knows nor can anyone predict with any certainty what happens next!  New primary legislation For reform enthusiasts, the election gave us no respite fro

Nathan Emerson, CEO of Propertymark comments, "Propertymark welcomes the appointment of Matthew Pennycook as Housing Minister within the newly formed cabinet. Housing must play a pivotal role for the government moving forwards and in real terms, delivering over 1,100 new homes every single working day for the next five years will take immense planning and enormous stakeholder engagement to achieve. "There needs to be a long-term cross-party approach with continuity built in as standard - we should never b

Future Group is excited to announce the creation of its newest division, Future Decarbonise, dedicated to addressing the urgent need for reducing carbon emissions and providing renewable energy solutions. The new division represents a strategic initiative designed to tackle the complex energy challenges faced by modern businesses and the property management sector. This move underscores Future Group’s ongoing commitment to sustainability and environmental responsibility, marking a significant step towards

Impero Facilities are delighted to announce the appointment of Luke Stratton (MTPI) as their new Operations Director.    With over 15 years of experience in Property Management, Luke has masterfully overseen numerous complex and challenging projects, consistently delivering high-level service to some of the UK’s most prestigious real estate developers and landlords. His driven and detail-oriented approach enables him to swiftly understand clients’ needs, fostering trust-based, professional relationships t

Planning Commenting on what the new Government means for planning, Max Camplin from Cavendish Consulting said: "Planning reform will be a central component of Labour's first tranche of legislation – with a first draft of revised NPPF expected by the end of this month. We anticipate London-style housing powers being extended to the Metro Mayors, as set out in the Gordon Brown-led review of devolution, enabling them to adopt a holistic approach to addressing their areas' housing needs. "The specifics of the

As the general election results come to a close, The Property Institute (TPI) extends its congratulations to the Labour Party on their resounding landslide victory. This pivotal moment marks the beginning of a new chapter for our nation, and we wish our new Government every success. TPI will work with the new Government to advance the property management sector and improve practices and policies for the wider housing market. The Labour Party's support for key legislation, such as the Building Safety Act

With a historic majority for Keir Starmer and the Labour Party, there can be no doubt over which party will be shaping the future of housing for the next five years. But, after a manifesto that was light on specific private rented sector policy details – agents, landlords and tenants all need more clarity about the private rented sector pledges Labour has made. Throughout the campaign, Labour has made it clear that housing is a priority. There’s no doubt that some of the party’s big pledges around plannin

On balance, a stable new government with a large majority is good news for the sales market. Labour’s costed spending plans, coupled with new Chancellor Rachel Reeve’s prior experience at the Bank of England, will help reassure markets and investors that economic stability will be prioritised. These factors should play well with the money and housing markets, helping to stabilise or even lower the cost of borrowing through lower interest rates – factors that will help stimulate the post-election sales mar

Planning: We expect there to be immediate changes to the planning system which will allow for some flexibility at an early stage in the first year.  This includes changes to the NPPF and NPPG.  The re-introduction to mandatory housing targets which will enable confidence in the market and contribute to the 1.5 million homes which are said to be developed in the next parliament. There will be amendments to the green belt policy which could see the easing of VSC and exceptional circumstances requirements fo

In 2021 Countryside Partnerships and Notting Hill Genesis (NHG) formed a joint venture to provide 241 new homes at one of east London’s leading regeneration sites; Royal Albert Wharf (RAW), of which delivers 95 affordable homes (40%), as well as more than 1,500m2 of mixed-use space. Overview The development also provides a wide range of public realm benefits and improvements, including a new urban park to the south of Gallions Reach DLR station, containing children’s play areas and new and enhanced walkin

Lindsay Garratt, planning partner at Winckworth Sherwood, commented: “Labour’s decision not to include housing as one of its six key priorities in its election manifesto disappointed many in the sector – particularly given it’s such a vital factor in the health and success of the nation and the growth of the economy generally.  “It’s however being trailed that the new government will be unveiling housing policy, such as written ministerial statements and a revised NPPF, within days.  While this will ne