Author: Chris Mayhew

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What’s happening in the East Grinstead property market….

The East Grinstead property market has continued to shift over the past few weeks, creating new opportunities for both buyers and sellers.

Here’s your clear, no-nonsense update on what’s happening right now—and what it means for you.

Market Snapshot

  • Average Property Price: £595,000
  • Typical Sold Price: £435,000 – £470,000
  • Time to Sell: 16 weeks
  • New Listings: +4%
  • Buyer Demand: Steady

Headline: The market is cooler but more balanced, with buyers gaining confidence.

What’s Happening in East Grinstead

  • Prices have adjusted slightly (-2% to -5%)
  • More homes available = greater competition between sellers
  • Buyers are negotiating more strongly
  • Well-priced homes are still selling well

Key takeaway:

The market hasn’t stopped—it’s just become more price-sensitive.

Wider Market Insight

  • Mortgage rates remain around 5.5%–5.8%
  • UK prices stabilising after minor dip

Forecast growth: 2% in 2026

  • Mid Sussex average: ~£437,000

And finally…

Confidence is returning, but buyers are more selective

If you require professional advice on how to achieve the best price for your home please contact us on

01342 316 444

[email protected]

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Will the middle east conflict effect the market

The Middle East conflict will affect the UK housing market in multiple ways, but there are four identifiable stages. The overall impact will depend on how long each phase lasts.   Below we look at how it has already influenced the market in our area

  Stage 1 – The Headline Shock   Sentiment was first dented when the conflict began on 28 February. However, as with previous wars, the escalation risk is key and provided there are no signs of intensification, the conflict becomes priced in – by buyers, sellers and financial markets.   The market was recovering from November’s Budget in the early months of this year. Combined with the seasonal pick-up in demand that typically happens in March, there was no obvious drop off last month.   The number of offers made was 13% below the same month in 2024, but that compares to a 20% decline in February versus two years ago. Last April’s stamp duty changes skew year-on-year comparisons.   Supply was more obviously affected than demand in March, with the number of new sales instructions falling by 17% versus the same month in 2024. In February, there was a smaller 12% drop.   The evidence at a national level is also inconclusive. While Halifax reported that UK house price growth fell to 0.8% from 1.2% in February, Nationwide said the figure increased to 2.1% from 0.9%.   The resilience of demand compared to supply last month is partly explained by the fact a number of buyers were sitting on sub-4% mortgage offers that pre-dated the conflict.   Transactions were unaffected, with deals still going ahead despite the geopolitical uncertainty. The number of exchanges in the Country in March was 3% higher than the same month in 2024.  

Stage 2 – The Mortgage Spike    This stage may also be approaching its conclusion but that depends both on whether the conflict escalates and how long it lasts.   While negotiating a ceasefire will not be a linear process, both sides appear to be moving towards a deal. That sense of momentum was underlined earlier this week when the main S&P500 US stock market index climbed above its pre-war level.   “For stocks, which are inherently forward looking, the ‘light at the end of the tunnel’ allows markets to somewhat shrug off day-to-day headlines regarding the ongoing conflict and instead focus on the broader direction of travel. While the journey to get there is indeed likely to be a bumpy one, the most important point for participants will be ensuring that we remain on that journey.”   Although the conflict appears to be de-escalating, the upwards pressure on mortgage rates remains as inflation is expected to stay higher for longer.   The five-year swap rate, which lenders use to price fixed-rate mortgages of the same length, was 4.1% at the start of this week, having been less than 3.5% in February. However, the rate has come down from 4.3% four weeks ago, which underlines the positive direction of travel.   Financial markets were fully pricing in one rate hike in 2026 at the start of this week, which compares to an expectation of two cuts in mid-February. However, if the conflict ends within weeks and the UK jobs market remains fragile, cuts may come back onto the table for the Bank of England.  We expect the impact of higher rates to filter through to the housing market over coming months, putting downwards pressure on prices to a greater extent than transaction volumes.  

Stage 3 – The Gradual Recovery   While there are positive signs for borrowing costs and sentiment, we won’t be in full recovery mode until hostilities end. The time it will take for commodity backlogs to clear and transport networks to normalise means upwards pressure on inflation will persist for months. The government’s tight financial headroom and falling demand for UK government debt are structural issues that will also keep upwards pressure on interest rates and downwards pressure on house prices.   Average prices in the Country fell 5.5% in the year to March 2026, which was a modest improvement on the 5.7% decline recorded in December. It means prices are now 13% lower than their pandemic-era peak in Q2 2022, a time when demand increased for more space and greenery.   “Possibly surprisingly, the geopolitical uncertainty hasn’t had too dramatic an impact on the market with many buyers and sellers getting on with their transactions, particularly those who are needs-driven. There’s no doubt that a sensible asking price continues to be crucial and my sense is this will remain the case for the rest of the year as the impact of the US-Iran conflict plays out, with the trajectory of mortgage rates particularly important.”    The annual price decline for flats (-3.8) and town houses (-5.1%) was lower than for farmhouses (-7.1%), underlining how demand has been stronger in needs-driven markets.  

Stage 4 – The Policy Response   Another result of the conflict is likely to be months of tax speculation ahead of the autumn  Budget.   A political narrative about global events forcing the government’s hand has already been seeded by the Chancellor.   One extra layer of uncertainty this year is the political survival of Keir Starmer and Rachel Reeves. The Middle East conflict has made it more likely but next month’s local election results will also be an important consideration.   However, even if they remain in post, the Labour Party will need to fend off an emerging challenge from the Green Party and move to the left politically.   With a Chancellor seemingly unable to get large-scale spending cuts past her backbenchers, we could see a repeat of the “smorgasbord” approach taken last year when she introduced multiple smaller tax rises.   Given the upwards pressure on the cost of UK government debt since then, the highwire balancing act required to keep the bond market happy will be even more precarious.   All of which means that even once images of the conflict have disappeared from our TV screens and sub-4% mortgage rates make a re-appearance, the ramifications of the war will be felt for much longer.
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Interest rate drop

The Bank of England cut interest rates today, providing some relief for borrowers ahead of Christmas.

The decision to bring the the cost of borrowing down to its lowest level in nearly three years was announced at midday by the Bank of England’s Monetary Policy Committee.

The Bank has reduced the base rate from 4% to 3.75%, which is good news for people looking to borrow cash or secure a mortgage deal. But while a cut was widely expected today, policymakers did not vote unanimously, with four of the nine-person monetary policy committee voting to hold interest rates at 4%.

The Bank said that, following the tax and spending measures announced in last month’s Budget and easing oil and gas prices, it now expects inflation to fall closer to its 2% target in the spring or summer of next year.

Previously, the Bank had not expected inflation to return to that level until 2027.

Industry response:

Chris Mayhew, Managing Director Mayhews: “Today’s cut to 3.75% is a welcome boost after the slowdown leading up to the Budget. Dropping below 4% is psychologically significant for buyers and sellers, restoring confidence after a cautious few months. While it won’t transform conditions overnight, it signals improving stability, and we expect lenders to respond with sharper products, setting the stage for renewed market activity heading into 2026.”

“With the Budget now out of the way, the atmosphere of uncertainty has lifted and this rate cut delivers a real pre-Christmas boost for the housing market which bodes well for activity in the new year.”

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Lettings market report — Horley (Surrey) & East Grinstead (West Sussex)

Executive summary

  • Both Horley (RH6) and East Grinstead (RH19) sit within strong commuter belts (Horley near Gatwick; East Grinstead on routes to London and the south coast). Rents remain elevated compared to national averages but growth is moderating in 2025 as mortgage rates and supply dynamics evolve. National indexes show rent inflation easing after rapid increases earlier in the decade.  

Market snapshot — Horley (Surrey)

  • Market context: Horley is a popular choice for commuters using Horley & Gatwick rail links and for airport-related workers. Active lettings market with frequent new listings and open demand from working professionals and sharers. Example current asking listings show a wide spread of rents, reflecting a mix of flats and family homes.  
  • Local average (listing/aggregator): reports an average rent ~£1,661 pcm for Horley (current market summary). This is a useful starting point but local asking lists show variation by size and condition.  
  • Indicative rental bands (market-observed ranges from listings and local reports):

    • Studio / small 1-bed flat: £800–£1,200 pcm
    • 1-bed apartment: £1,000–£1,350 pcm
    • 2-bed house/flat: £1,200–£1,650 pcm
    • 3-bed house/terrace: £1,500–£1,950 pcm
    • 4+ bed detached: £1,900–£3,000+ pcm
      (These bands reflect listings seen on Rightmove and local portals across July–Aug 2025 — prices vary by proximity to station, parking/garden and refurbishment.)  
  • Trends & drivers:

    • Commuter demand (Gatwick/London) and limited new available stock push rents up for well-located properties.
    • However national data show rent growth moderating in 2025, so new-let increases are smaller than earlier in the year. This may temper sharp rises in Horley going forward.  
  •  

Market snapshot — East Grinstead (West Sussex)

  • Market context: East Grinstead serves Mid Sussex commuters, with a mix of professionals, families and some downsizers attracted by good schools and rail connections. Local supply includes converted flats, town terraces and family houses.  
  • Local average (official/aggregator):

    • ONS local authority data for Mid Sussex (which covers East Grinstead) reports an average private rent of £1,374 pcm (June 2025). town pages show variable figures (medians and averages differ by methodology), so use ONS for a conservative official benchmark.  
  •  
  • Indicative rental bands (market-observed ranges):

    • Studio / 1-bed flat: £700–£1,000 pcm
    • 1-bed flat (town centre, modern): £900–£1,400 pcm
    • 2-bed flat / terraced house: £1,200–£1,600 pcm
    • 3-bed family house: £1,350–£1,900 pcm
    • 4+ bed family / detached: £1,800–£3,500+ pcm
      (Rightmove/Zoopla/letting agents listings in July–Aug 2025 show this spread; higher figures apply to modern conversions, houses with gardens and near stations.)  
  •  
  • Trends & drivers:

    • Steady family demand and limited supply of larger houses have kept family rents resilient.
    • Local average rent growth has broadly tracked regional South East trends (positive but slowing growth in 2025). ONS shows private rents still above pre-pandemic levels but annual inflation moderating.  
  •  

Comparative observations (Horley vs East Grinstead)

  • Typical rents: Horley’s average listing average ~£1,661 pcm) looks a touch higher than the Mid Sussex/O NS average for East Grinstead area (~£1,374 pcm by Mid Sussex ONS data) — though individual property size/quality and proximity to rail make the real overlap significant. Use local comparables rather than town averages when valuing a specific property.  
  • Tenant profile differences: Horley has a proportionally higher share of airport and commuter workers; East Grinstead tends to attract families and longer lets, which influences void rates and demand for 2–3 bed houses.

Practical notes for landlords & agents

  • Set rents with recent local comparables (within 1–2 miles and same transport catchment). National averages are a guide but micro-location matters (near station, schools, parking).  
  • Consider short re-letting windows: new-let prices may be more sensitive than renewal prices; in 2025 growth is moderating so aggressive increases may lengthen voids. ONS and industry indexes show slowing rent inflation in mid-2025.  
  • Investment note: yields may compress where house prices are high; check local yield calculations (gross yield = annual rent / purchase price) before acquiring and local agent valuations are useful for this.  

Practical notes for tenants

  • Act fast on well-priced properties — good 2–3 bed family houses and modern 1-beds near stations still receive multiple viewings.
  • Budgets: aim slightly under the top of the band for negotiating leverage, and be ready with references/DEPOSIT & ID to secure competitive lets.
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What Landlords Need to Know about the Renters’ Rights Bill

Mayhews Lettings

Legal Status & Timeline

The Renters’ Rights Bill is currently progressing through Parliament and is expected to become law between late 2025 and early 2026  . Some provisions may come into effect later, as infrastructure like digital court systems and landlord databases are phased in  .

Key Legal Shifts & Landlord Responsibilities

Goodbye Section 21: No More ‘No-Fault’ Evictions

The legislation will eliminate Section 21 notices, meaning landlords must now rely solely on specified grounds under Section 8 (e.g., arrears, anti-social behaviour, intention to sell) for possession claims  .

Shift to Rolling Tenancies

Fixed-term Assured Shorthold Tenancies (ASTs) will be replaced by periodic (rolling) tenancies, giving tenants greater time flexibility—with just two months’ notice to quit.

Stricter Rules on Rent & Bidding

  • Rent increases will be capped to once a year, aligned with market rent only  .
  • Rent bidding wars and excessive advance rent demands will be outlawed; advance rent will be limited to one month’s rent.

Pet Requests & Anti-Discrimination

  • Tenants can now formally request to keep pets. Landlords can only refuse with a valid reason—pet insurance may be required  .
  • Discriminatory policies such as “No DSS” or blanket bans on families with children are being banned.

New Property Standards

  • The Decent Homes Standard, previously for social housing, will apply to private rentals  .
  • A national landlord database will be set up, along with a requirement to join an ombudsman scheme for tenant redress.

Enhanced Enforcement Powers

Stronger tools will be given to local authorities to penalize non-compliant landlords; Rent Repayment Orders (RROs) may now be applied for up to two years’ rent, with affected landlords (including superior landlords and company officers) personally liable in many cases  .

Why It Matters — Impacts on Landlords

  • Cash-flow challenges: Longer notice periods and arrears thresholds (increased to 3 months) mean landlords must prepare for potential delays in possession and rent recovery  .
  • Compliance complexity: From pet policies to upgraded safety standards and registration requirements, compliance demands are intensifying.
  • Possible market shifts: Some small landlords are already exiting the sector due to increased burdens  .

What You Should Do Now

  1. Update tenancy contracts—prepare for rolling periodic tenancies and longer notice periods.
  2. Review rent policies—ensure rents align with market norms and avoid demanding more than one month’s advance rent.
  3. Prepare for pets—set reasonable pet policies and consider coverage for pet damage.
  4. Ensure property meets Decent Homes Standards and document compliance.
  5. Register your property and join an ombudsman scheme once details are confirmed.
  6. Stay informed on further amendments—including rent increase arbitration schemes and tribunal capabilities  .

In Summary

The Renters’ Rights Bill signals a profound legal transformation. As homeowner-guests enter a new era of tenant protections, landlords must adapt—anticipate more regulation, greater tenant empowerment, and a heightened need for compliance.

At Mayhews we understand the complexities of being a Landlord, please don’t worry we are here to help. Contact us if you need help in preparing for the Renters Rights bill and all other compliance requirement’s at [email protected] or visit our website for more contact options mayhewestates.co.uk

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Property Market Update – Horley, Surrey August 2025

Horley Town

1. Current Price Trends

  • Average sale prices in Horley have been climbing steadily: around £480,275 based on 399 transactions in the past year
  • As of July 2025, the average price paid is approximately £441,000, reflecting a strong 11.6% year-on-year rise
  • mayhews report the average over 12 months at £476k, moving up from £458k in 2024 and currently reaching around £513k in 2025

2. By Property Type

  • Flats (entry-level): selling in the £220k–300k range
  • Terraced homes: typically £370k–400k
  • Semi-detached: average £450k–550k
  • Detached homes: from £600k to over £1 million, depending on size and location
  • Broader market trends: detached houses average around £543,500, while flats average £193,250, with typical time on market around 12 weeks

3. Most Sought-After Areas

  • Meath Green (northwest Horley): highly desirable, offering spacious family homes, period properties, newer developments, strong schools, local amenities, and countryside access (e.g., Emlyn Meadows)
  • Thomas Waters Way (southeast): discreet modern family home development that’s proving popular
  • Westvale Park (northwest of town centre): a large new development contributing significantly to housing stock growth

4. Advice for Sellers

  • Be realistic in pricing: While average prices are up, recent individual sale prices often came in below initial asking, underlining the importance of accurate valuation
  • Highlight location strengths: Homes in Meath Green or Westvale Park often attract stronger buyer interest due to space, school catchments, and green spaces.
  • Focus on presentation and timing: With detached properties in high demand and market momentum expected to lift prices by around 4% in 2025 Mayhews Estates, staging, minor renovations, and listing early can help.
  • Use comparative data: Showcase recent similar sales (e.g. flats vs terraced homes vs detached) to support your valuation narrative.

Summary Table

Property TypeTypical Price RangeBuyer Demand
Flats£220k–300k (others say ~£193k avg)Entry-level, good value
Terraced Homes£370k–400kSteady interest from families
Semi-Detached Homes£450k–550kStrong appeal for growing families
Detached Homes£600k–£1M+Premium market, sought-after

Takeaway

Horley’s property market is robust—prices are climbing, and areas like Meath Green, Thomas Waters Way, and Westvale Park remain top of the wishlist. Sellers who price strategically, stage well, and leverage local market data should benefit from the strong demand and favorable momentum.

if you require any advice on the local market or wish to sell a property contact us on 01293 775 518 or vist mayhewestates.co.uk

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East Grinstead Housing Market Report Aug 2025

Executive summary

  • East Grinstead is a stable, commuter-friendly market in the High Weald AONB with a mix of period town houses, suburban family semis/detached and nearby villages attractive to buyers.
  • Typical sold/asking prices sit in the mid-£400ks; detached homes are the top value band while flats and terraces sit substantially lower. Recent data shows small year-on-year dip or flatness locally, set against a broadly sluggish UK market with pockets of recovery.

Data snapshot (most recent available)

  • Rightmove (asking / listed average, last 12 months): ~£455,000 (overall average). Detached average ~£665k; flats ~£243k. Market has been ~3% down year-on-year and ~6% below the 2022 peak.
  • Zoopla (sold prices, last 12 months): average sold price ~£436k. Detached ~£612k; semi ~£463k; terrace ~£372k; flats ~£235k.
  • Home.co.uk (sold/asking breakdown): reports similar banding (detached highest—c. £690k in some snapshots; overall averages in the low-to-mid £400ks).
  • Micro-area growth: some postcode analyses show modest growth in the last year (example: RH19-4 +5.9% year on year in one modelled dataset), but small-area performance varies.

Recent trends and market drivers

  • Flat to slightly negative near-term movement: portals show East Grinstead prices broadly static to a few percent down versus the prior year — matching the South East’s weaker performance in early/mid-2025.
  • Buyer demand pockets: stronger for family 3-4 bed houses, period cottages and well-presented detached homes. Flats and higher-priced, high-spec homes see slower velocity. On the whole, buyer enquiry is most active where value aligns with realistic pricing.
  • Macro context: surveyors’ cautious valuations and variable mortgage pricing have introduced uncertainty nationally; mortgage sentiment and any future Bank of England rate moves will strongly influence activity. Summer months usually bring more viewings, but sellers must be realistic on price.

Popular areas & neighbourhood highlights

  • Town centre / High Street (historic core) — desirable for period properties, character cottages and convenience; strong for buyers wanting town amenities and schools nearby.
  • East Court / Ashplats — leafy parkland, close to recreation and woods (Ashplats/AONB), popular with families and those wanting outdoor space.
  • Imberhorne area / catchment — favoured by families because of Imberhorne School (large comprehensive with good local reputation). Proximity to good schools drives demand and premiums.
  • Nearby villages (Forest Row, Turners Hill, Felcourt/Turners Hill fringe) — attract buyers wanting village life and larger plots while keeping commuter access to Gatwick/London. Forest Row is noted locally as an attractive village within easy reach.

Property types currently most in demand

  • 3–4 bedroom semi-detached / detached family houses — highest enquiry & fastest sales when priced correctly.
  • Well-presented period cottages and townhouses — strong buyer interest for character and central location.
  • Bungalows / down-sizers — popular with older buyers wanting single-storey living close to town amenities.
  • Flats — steady but lower prices and longer marketing times compared with houses.

Time on market & negotiation (market feel)

  • Portals and agent commentary indicate longer marketing windows for overpriced stock; well-priced family homes and cottages still achieve reasonable times to sale. The market rewards realistic pricing and presentation. (See national commentary and local agent reports for similar advice.)

Practical advice — Sellers

  1. Price to current demand. Use recent sold comparables (last 6 months) not aspirational asking prices; over-pricing leads to long marketing times.
  2. Presentation matters. Small investments (declutter, fresh paint, good photos, floorplan) increase viewings and offers. Agents report that homes “ready to move into” outcompete those needing work.
  3. Target the right buyer segment. Market family houses to young families/commuters; period cottages to couples and buyers seeking character; bungalows to downsizers. Use school catchment and transport links as selling points.

Practical advice — Buyers

  1. Be mortgage-ready. Get an Agreement-in-Principle and be prepared to move quickly on strong family homes. Valuations can be conservative — allow a buffer.
  2. Check schools & commute. If Imberhorne/other catchments matter, confirm catchment maps and travel times. Factor commuting to Gatwick/London into budgets and times.
  3. Use local agents for market intel. Agents often have upcoming stock and local insights that portals don’t show.

Short-term outlook (next 6–12 months)

  • Expect modest movement rather than sharp rises: local prices likely to be flat to modestly up or down depending on mortgage rates, buyer confidence and stock levels. Quality family homes in good locations should remain the most resilient. National commentary warns of cautious valuations but also flags that any easing of rates or improved lending could re-stimulate activity.

If you require any advise or guidance on the local property market or wish to sell a property please get in touch 01342 316 444 www.mayhewestates.co.uk

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Horley Property Market update

Here’s a comprehensive property market update for Horley, Surrey (RH6) covering all property types, prices, and current trends:

1. Market Overview

  • Average house price in Horley over the past 12 months is approximately £476k (based on 424 transactions), up from ~£458k in 2024 and currently around £513k in 2025  .
  • Sold‑price data for the last 3 months show an average of £415k, with yearly sales volume of 424 properties totalling £201.9 million 
  • Overall average asking price currently: £482k, with time-on-market averaging 13 weeks.

3. Recent and Notable Sales

Significant recent sales include:

  • Detached from £600k–995k, e.g. £995k sale in April 2025  .
  • Semi-detached flats typically between £400k–£550k.
  • Terraced homes: £300k–£400k.
  • Flats: £230k, with some sub‑£200k listings.

4. Market Trends & Sentiment

  • Surrey region shows resilience: national asking prices rose 1.4% YoY; South East +2.5%  .
  • Predictions anticipate +4% price growth in 2025 across Surrey and SW London, supported by interest rate cuts and strong demand in prime regions  .
  • Bank of England expected to cut base rates up to 4 times in 2025, which may ease mortgage affordability  .
  • Surrey average property price: £650k overall; flats £

5. Time on Market & Activity

  • Asking properties spend an average of 13 weeks on market  .
  • New-home sales in Surrey saw strong finishes into 2024 and momentum into 2025.

6. Outlook & Key Insights

  • Detached homes: strong upper range £600k average, with £800–995k for premium), stable demand.
  • Semi-detached: attractive family options averaging £455k.
  • Terraced: solid mid-range £370–380k.
  • Flats: entry-level opportunities in the low £200k–300k range.

Drivers Going Forward:

Mortgage rates expected to fall, boosting buyer confidence.

Stamp Duty timing and affordability improvements may drive short-term surges.

7. Summary

  • Entry-level (flats): £220k–300k
  • Terraced homes: £370k–400k
  • Semi-detached: £450k–550k
  • Detached: £600k–1m+, depending on size & location
  • Forecast: +4% uplift in 2025 with good market momentum across Surrey

If you require an up to date valuation on your home please contact us on 01293 775 518 or email [email protected] or visit our website www.mayhewestates.co.uk

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Here’s an updated property market report for East Grinstead (West Sussex), covering key areas, property types, current values, and market trends:

1. Local & Regional Market Trends

  • As of June 2025, average UK asking prices fell 0.3%, with the South East down 1%—though prices remain 0.8% higher year‑on‑year  .
  • In West Sussex, detached homes currently average around £652k (+2.8% YoY), semi‑detached around £427k (+3.6%)  .

2. East Grinstead Overall Snapshot

  • Full postal area average: £442k, +0.9% over last year; +40% increase over a decade .
  • RH19 postcode (HM Land Registry): average sale price £654.6k, up 3.7% in past year, +24% over 5 years; typical sales take around 74 days.

4. Property Type Averages in East Grinstead

Based on Rightmove & local portals:

  • Detached houses: ~£668k (Rightmove), or £728k (Aug 2024)  
  • Semi‑detached: ~£444k (Rightmove), £469k (Aug 2024)  
  • Terraced properties:£370k  
  • Flats: £226–244k  

5. Sample Property Listings (Estimated Values)

From recent automated valuations (Resi) :

  • Terraced 2‑bed (e.g. 16 Cavalier Way): £298k
  • Semi‑detached 3‑bed (e.g. 3 Giffards Close): £404k
  • Detached 3‑bed (e.g. 20 Pegasus Way): £541k
  • Detached 4‑bed (e.g. 14 Coneyburry Grove): £750k
  • Flats: majority estimated between £160k–£300k.

6. Market Dynamics & Outlook

  • Transaction volume down 56% Y/Y in RH19, yet prices up, hinting at supply constraints and motivated pricing  .
  • Sellers are listing more competitively amid increased stock levels  .
  • Mortgage rates have eased since 2023, yet Stamp Duty revisions are cooling high-end South East markets  .

7. Summary & Outlook

  • Entry-level (flats/terraced): £225–370k
  • Family semi-detached: £400–500k
  • Detached homes: £540k–£1.3m, depending on area
  • Prime pockets (Dormans Park, Felbridge): often £700k+
  • Market remains resilient overall, though modest dips in asking prices may offer opportunities.

Outlook: steady price growth expected, but watch for more realistic pricing due to rising stock and tax/tariff factors.

Next Steps

If you require any advice or would like us to value your property please get in contact. 01342 316 444 0r email [email protected] or visit www.mayhewestates.co.uk

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Are you ready for the renters reform bill?

Latere this summer the long awaited Renters Reform bill will become law for all Landlords. We take a look at what the key takeaways are.

Here’s a more detailed look at the bill’s proposed changes:

  • Abolition of “no-fault” evictions:
    Landlords will no longer be able to evict tenants without a valid reason, such as rent arrears or breaches of the tenancy agreement;
  • Periodic Tenancies:
    Fixed-term tenancies will be abolished, and all tenancies will be converted to periodic tenancies, allowing tenants to end the tenancy with two months’ notice;
  • Rent Increase Regulations:
    Rent increases will be limited to once per year and must be communicated with at least two months’ notice, along with justification for the increase; 
  • End to Bidding Wars:
    Landlords and agents will be prohibited from encouraging or accepting offers above the advertised rent;
  • New Decent Homes Standard:
    A new Decent Homes Standard (DHS) will be introduced for the private rented sector; 
  • Awaab’s Law Application:
    Awaab’s Law will be applied to the private rented sector, requiring landlords to address hazards within a specified time period;
  • Private Rented Sector Landlord Ombudsman:
    A new ombudsman will be established to resolve disputes between landlords and tenants; 
  • Private Rented Sector Database:
    All landlords will be required to register themselves and their properties on a new database;
  • Discrimination Bans:
    Landlords and agents will be prohibited from discriminating against prospective tenants based on their receipt of benefits or having children; 
  • Pet Ownership:
    Tenants will have the right to request reasonable consent for pet ownership

If you require any advice or guidance please do not hesitate to contact us at [email protected]