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The 35,616-square-foot building that’s home to a Tesla Collision Center in Irvine sold May 28 for $21 million. SRS Real Estate Partners said Tesla has a 10-year triple net lease with options to extend at 18011 Mitchell South. The seller was North Palisade Partners, a Los Angeles-based developer. The buyer, Np Mitchell LLC, was represented by Costa Mesa-based Tidemark Real Estate. SRS Capital Markets Senior Vice President Pat Weibel said the property offered up a well-known tenant in “an affluent demographic base in the heart of Orange County, on the border...

Thousands of homes in Brighton and Hove are being used as holiday lets while locals struggle to get on the property ladder, according to a new council report. Figures published by the regional authority have laid bare the extent of the popular seaside city's overtourism crisis - with up to 6,000 properties being used as short-term lets for holidaymakers in the area. The local authority is considering introducing a restrictive licensing scheme for holiday lets to ensure they don't dodge health and safety standards and are appropriately penalised for breaches...

If you’re looking to downsize, the best 15 towns for finding the ideal property and a slower pace of life have been named. In a new list by The Telegraph, the most popular hotspots for people to downsize homes have been revealed. In the South West, the top hotspots include Kingskerswell in Devon, Brixington in Exmouth.In the South East, the top hotspot is Shoreham-by-Sea in West Sussex. Shoreham-by-Sea is a quiet area which is just a short distance from Brighton. It’s a stunning area to enjoy the coast without being...

Being a set of islands, the UK is full of seaside towns and villages, and houses in some of them are very attainable. One such place is Easington in a former mining area in County Durham on the north east coast.Conveniently located at the junction of the A182 and B1283, it only had a population of 2,499 in 2021, according to that year's Census. Zoopla states that the average sold price for a property in Easington Village in the last 12 months is £115,398. Whereas, in August 2024, Rightmove calculated...

The UK is packed full of seaside villages and towns, with homes in some of them being relatively easy to buy. One of these places is Peterlee in County Durham in the north east of England. It is technically a new town, built under the 1946 New Towns Act. According to the 2021 Census, it has a population of around 20,300 residents, and to join them property hunters would not have to fork out much. Rightmove says that house prices in the area have an overall average of £105,571 over...

Exactly how much should you have left in your savings account after buying? (Picture: Getty Images) After years of scrimping and saving (and maybe a little bit of help from your family), you’ve finally got enough together for a house deposit. But what really happens after you’ve bought? And crucially, how much money should you actually have left in the bank? Taking to the r/HousingUK Subreddit, @FG4u2nv asked this very question. Together with their partner, they’re currently making offers – and while they’re excited at the prospect of getting on...

Rising property taxes over the past five years have exacerbated American homeowners' housing affordability struggles, with many reporting that they are now paying much more than they initially budgeted for them.According to a new survey by property tax appeal service Ownwell, 66 percent of homeowners in the U.S. say their bill is higher than they budgeted for, while three in four (74 percent) are worried about paying even more in the near future.Why It MattersBetween 2019 and 2024, property tax bills have gone up in nearly every U.S. metropolitan area,...

The expert shared the 'tough facts' sellers need to hear as homeowners keep making 'the same mistakes over and over'The expert shared advice for homeowners keen to sell (stock photo)(Image: Getty)A property expert has warned that homeowners make "the same mistakes over and over" when trying to sell their property. Terry Fisher, from We Buy Any Home, acknowledged that the UK housing market is experiencing turbulent times.However, the expert says he's identified the tough facts sellers need to hear before taking the plunge to maximise their chance of success. Terry...

People are casually browsing Rightmove with no intention of buying a house (Picture: Metro/ Getty) ‘My husband thinks I’m a tad unhinged,’ says Georgia Lewis, 49. ‘When I should be working, he’s caught me on Rightmove and asks: “What are you looking at now? Oh more property porn.”‘ Although Georgia has no intention of selling her London home anytime soon, she admits to scrolling through property websites at least a few times per week.  ‘I live a very rich fantasy life when it comes to houses I’m never going to...