Hampshire’s country houses set the pace

A flurry of desirable historic properties has fuelled a lively spring for the county.

‘We are back to a shortage of prime Country properties for sale in Hampshire and The New Forest which is again leaving many buyers frustrated as these properties are again often getting sold discreetly to the best connected buyers before they reach full open marketing,’ says Shaun Ascough of Sands Home Search ( 01425 462 549 ) prime Country property search and buying agents.

The sale of one of Hampshire’s loveliest houses, the secluded, Grade II-listed Cheriton House at Cheriton, near Alresford, has ‘set the benchmark for what a classic country house in the county should be trading at in the current market,’ says selling agent George Clarendon of Knight Frank in Winchester.

The handsome Georgian house, built around an earlier farmhouse in the late 1700s and set in 20 lush acres of gardens and parkland, was launched in Country Life (April 2, 2014) at a guide price of £5.5 million, and found a Hampshire-based purchaser within a matter of weeks, with competition from both expatriate British and London buyers.

‘Given the confusing reports on the state of the UK housing market currently circulating in the national media, this sale is encouraging both for buyers and vendors. Better still, Cheriton has been bought by a charming family, to the delight of its previous owners, who had lived there for 45 years and are downsizing to a smaller house in the village,’ adds Mr Clarendon.

One swallow does not a summer make, but the message was reinforced the following week, when the same agents launched another Hampshire gem, Dummer House at Dummer, six miles south-west of the commuter hub of Basingstoke, at a guide price of £5m. Painstakingly rescued by its American owners, who bought it in 2000, Dummer House also dates from the late 1700s and, like Cheriton House, was regularly visited by the Prince Regent during his pursuit both of the stags of the Hampshire Hunt and the celebrated Mrs Fitzherbert, whose brother lived nearby.

Dummer House also sold within a few weeks and Knight Frank also found buyers for Appleshaw Manor, near Andover (launched the same week as Dummer House at a guide price of £3.65m) and The Old School House at Highclere, which needed renovation and came to the market at £4.25m. A handful of private sales provided the icing on the cake.

‘With the cream of this year’s Hampshire houses either sold or in the process of selling, the market has started to wind down with the approach of the school holidays. But there are still a few interesting houses out there for buyers prepared to take a long-term view,’ says Nick Ashe of buying agents Property Vision.

You can hear a pin drop at The Old Manor, Ellisfield, five miles from Basingstoke, says Ed Cunningham of Knight Frank ( 020-7861 1080 ) who is selling the historic manor house, with 78 acres of gardens, farmland and woodland on the edge of the Candover Valley, on behalf of the de Ferranti family trust. A guide price of £5.75m is quoted for the Grade II*-listed manor, which nestles within the village conservation area and now needs updating throughout.

At the time of the Domesday survey, the manor was part of the Bishop of Bayeux’s estate. In 1496, it was held by one of Henry VIII’s favourites, Sir William Sandys, who later became Lord Chamberlain and was created Baron Sandys. In 1657, the 5th Lord Sandys-whose father, the Royalist Col Henry Sandys, was fatally wounded at the Battle of Cheriton in 1644-sold the manor, which was later divided before being re-formed by the Earls of Portsmouth in the late 18th century. The present manor house dates from the late 17th century, with 18thand early-20th-century additions.

The house has accommodation on three floors, including a large entrance hall, four main reception rooms, a garden room, a kitchen/ breakfast room, eight bedrooms and four bathrooms. There is a two-bedroom gardener’s cottage in the grounds, along with a Grade II-listed timber-framed barn, a Grade II-listed stable block and a partly converted brick-built barn.

Three miles from Alton, on the northern edge of the South Downs National Park, lies the picturesque village of Bentworth, voted last year’s Hampshire and Isle of Wight Village of the Year. Bentworth dates from Saxon times and boasts several important manor houses, including Bentworth Hall and Gaston Grange-the latter built in 1890 by Col Gordon Gordon-Ives, who inherited the Bentworth Hall estate on his mother’s death in 1897, but continued to live at the Grange until his own death 10 years later.

Knight Frank quote a guide price of £11m for Gaston Grange, which comes with 198 acres of formal gardens, paddocks, woodland and farmland. The house has been painstakingly modernised by its current young owners, who had envisaged a lengthy occupation, but now need to change direction.

The Grange stands at the end of a long tree-lined drive and has 9,370sq ft of relaxed living space, including entrance and reception halls, three reception rooms, a kitchen/ breakfast room and a wet bar. The vast master suite comes with ‘his’ shower and ‘her’ bathroom at either end; there are six further bedrooms, four bath/shower rooms and a one-bedroom staff flat. Sports facilities include stabling, a games room, a swimming pool and a manège.

Source: Country Life

Press release ends.

ABOUT NEW FOREST, SANDBANKS, UK COUNTRY HOUSES AND ESTATES PROPERTY SEARCH AGENTS AND PROPERTY BUYING ADVISORS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest property for sale in The New Forest, Sandbanks, the UK Country House market and in Cape Town South Africa for private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

CORPORATE VIDEO: www.YouTube.com/User/PropertySearchAgents

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TAGS: New Forest, Sandbanks, England, Property, Sale, Buy, Selling, Buying, Search, Homes, Houses, Country Homes, Property Search Agent, Relocation Agent, Property Buying Agent, Property Buying Advisor, Relocation Company, Property, Real Estate, Country Houses, Country Homes, Country Estates, Period Property, Equestrian Property, Farms, Waterside Homes, Town, City, Village, For Sale, Period Property, Rectories, City, Buying, Selling, Renting, Homes, Houses, Estate Agents, Property Search, House for sale, Property Prices, Property Market, Property Agents

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The UK country house market June 2014 update

Arabella Youens of Country Life takes the temperature of the country house market at this half point in the year, talking to experts about what buyers and sellers can expect in the coming months.

Crispin Holborow, Savills.

‘There’s a real buzz at the top end of the market. Outside of London and the Home Counties, Savills have seen a 70% increase in applicants registering in April this year for £5 million-plus properties.

In this bracket, it’s all about the return of the British, who are back and buying again, and are responsible for the majority of the most recent transactions.

They appear keen to get on with it before prices rise-which they believe will happen. Another indication of positive sentiment in the market is the fact that, in the past few years, little has sold privately. However, we think the gap between buyer and seller expectations is reducing and the private market is gaining strength. Geographically, early signs suggest that the Hampshire market is back and the Cotswolds continues to be strong.

The Wiltshire market, stretching from Salisbury to Bath, is attracting buyer attention as it still looks like fair value compared to, say, parts of the Cotswolds plus it benefits from a number of well-known good schools and it doesn’t take much longer to get into London.’

Mark Charter, Carter Jonas.

‘This time last year, demand was rampant for properties below £1 million and beautiful cottages in desirable villages just flew. This spring, however, as the price differential between London and the country hit boiling point, we’ve seen a surge of activity in the prime country-house market, specifically in the £1.25 million to £2 million bracket.

Confidence in the "commutable" country-house market is almost fully restored and there is insatiable appetite from London buyers seeking the perfect family house in Oxfordshire. Cotman House (which had a guide price of £1.95 million) was marketed as the "perfect country house", offering the three Ps (pretty, proportional and private) and was launched in COUNTRY LIFE on April 23. There were more than 30 viewings, dominated by London-centric families. We received a superb response and it sold for significantly over the asking price.’

A real example – Cotman House in Oxfordshire, launched in Country Life on April 23 with a guide of £1.95m, was marketed as ‘the perfect country house’. There were more than 30 viewings and it sold for significantly more than the asking price.

Rupert Sweeting, Knight Frank.

‘Although Land Registry figures show a 26% increase for sales of £2 million-plus homes, Knight Frank’s sale of property priced at more than £5 million has exceeded this: 31% up on the same six-month period a year on.

There are several areas where there have been recognisable increases and these include Hampshire, where sales of properties going for more than £2 million are up 40% for the first half of 2014, compared to the first half of 2013.

This is possibly a reflection of a return of buyers from City-based jobs; there has been an increasing number of sales in north Oxford, with demand from those looking to take advantage of the good schools.

And lastly, there have been some large estate sales, including that of Shakenhurst, under competition. In addition, there have been a number of off-market deals of property where vendors have been keen to avoid the "hassle" of an open-market campaign.

One could argue that house prices are hardly shooting up in the country market, but what we have seen is a return of confidence, with competitive bidding becoming less of a rarity. Advertised in COUNTRY LIFE on April 23, with a guide of excess £6 million, Charles Hill Court had three parties bidding and it sold for considerably more.’

James Mackenzie, Strutt & Parker.

‘In the prime country-house market, we’re almost completely beholden to international buyers- or to expatriates based overseas. We launched Cliff House near Dover in Kent with a guide price of £4.5 million. We were close to a deal with a Belgian, when, at the last minute, a Russian buyer flew down on his helicopter and paid the full asking price.

For UK buyers, places such as Bath, Cambridge, Winchester and, of course, Oxford are doing really well-city living seems to be very popular at the top end of the market.

We’re telling everyone to get on with selling now, however, as, come October and party-conference season, we’re likely to hear about the General Election and "mansion tax"-that’s on everyone’s radar now. I can’t remember the last time I talked to a buyer who hasn’t mentioned it.’

Dawn Carritt, Jackson-Stops & Staff.

‘What we’re really seeing emerge in this market are well-researched buyers. They’ve thought about what they want and what they can afford. There might be fewer viewings, but they’re of much higher calibre. I think this is down to the cost of moving- these days, everyone is mindful of that.

The mid-sector country-house market- that is, good family houses in good condition and with some land-is brisk, whereas at the very top end of the market, people are pickier and more price-sensitive. They’re more thoughtful about whether they need all the extras.

Hotspots are those areas with good links to London. Most people these days feel they need to be seen in the office, so areas such as Winchester, around Haslemere, Canterbury, parts of East Anglia that have good services to Liverpool Street and anywhere within easy distance of Milton Keynes are popular.’

Source: Country Life

Press release ends.

ABOUT NEW FOREST, SANDBANKS, UK COUNTRY HOUSES AND ESTATES PROPERTY SEARCH AGENTS AND PROPERTY BUYING ADVISORS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest property for sale in The New Forest, Sandbanks, the UK Country House market and in Cape Town South Africa for private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

CORPORATE VIDEO: www.YouTube.com/User/PropertySearchAgents

Follow us on Facebook: www.FaceBook/pages/UK-Property-Search-Agents-Sands-Home-Search

TAGS: New Forest, Sandbanks, England, Property, Sale, Buy, Selling, Buying, Search, Homes, Houses, Country Homes, Property Search Agent, Relocation Agent, Property Buying Agent, Property Buying Advisor, Relocation Company, Property, Real Estate, Country Houses, Country Homes, Country Estates, Period Property, Equestrian Property, Farms, Waterside Homes, Town, City, Village, For Sale, Period Property, Rectories, City, Buying, Selling, Renting, Homes, Houses, Estate Agents, Property Search, House for sale, Property Prices, Property Market, Property Agents

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Property still asset of choice for HNWIs

Taken from the Knight Frank Wealth Report 2014, a survey into the attitudes of Ultra High Net Worth individuals revels a continuing interest in property.

The latest Knight Frank Wealth Report, which seeks to tap into attitudes of Ultra High Net Worth Individuals (UHNWI), has sought to find out what these people want to invest in and where they would like to live.

As an asset class, property is certainly important: according to the survey results, on average 28% of these people’s net worth is accounted for by their main house and any second homes, of which, on average, they own 2.4.

According to leading wealth advisors across the globe, just over a fifth of UHNWIs are considering buying another home in 2014, while 15% are thinking about permanently changing their domicile of country of residence. Quality of life was cited as the main reason for wanting to make a move and the UK the country people were most likely to head to.

Just over 40% of survey respondents said their clients increased their investment allocation to property in 2013 and 47% expect it to increase further in 2014. Residential property was the most popular area to invest in (54%), followed by commercial premises (34%) and agricultural land and forestry (12%).

As well as property, the survey asked how the popularity of other asset classes was changing. Reflecting the general increase in appetite for risk among investors, equities were growing in popularity the most, with a net balance of 65% of respondents saying their clients were likely to increase their exposure to stocks and shares in 2014.

Gold and commodities were out of favour as investments, with a net balance of 26% saying their clients would be reducing their exposure to them, the report found.

Luxury goods were on the up, as advisors predicted a 36% spending increase on luxury items, while investments of passion are a growing area of UHNWI spending activity: 44% of the survey’s respondents said their clients were becoming more interested in collecting art, with 34% reporting wine was gaining in popularity and 32% cars and watches.

Despite their investment potential, personal pleasure was still considered the main motivation by far for collecting.

Source: Country Life

Press release ends.

ABOUT NEW FOREST, SANDBANKS, UK COUNTRY HOUSES AND ESTATES PROPERTY SEARCH AGENTS AND PROPERTY BUYING ADVISORS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest property for sale in The New Forest, Sandbanks, the UK Country House market and in Cape Town South Africa for private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

CORPORATE VIDEO: www.YouTube.com/User/PropertySearchAgents

Follow us on Facebook: www.FaceBook/pages/UK-Property-Search-Agents-Sands-Home-Search

TAGS: New Forest, Sandbanks, England, Property, Sale, Buy, Selling, Buying, Search, Homes, Houses, Country Homes, Property Search Agent, Relocation Agent, Property Buying Agent, Property Buying Advisor, Relocation Company, Property, Real Estate, Country Houses, Country Homes, Country Estates, Period Property, Equestrian Property, Farms, Waterside Homes, Town, City, Village, For Sale, Period Property, Rectories, City, Buying, Selling, Renting, Homes, Houses, Estate Agents, Property Search, House for sale, Property Prices, Property Market, Property Agents

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UK Home owners view of house prices at their most positive for five years, latest index shows

Households in the UK perceive that the value of their home rose at the strongest rate in five years in February, according to the latest house price sentiment index from Knight Frank and Markit Economics.

Households in every region also expect the value of their home to rise over the next 12 months at the strongest rate seen since the sentiment index began in February 2009.

It is the eleventh consecutive month that households reported a rise in the value of their property and while Londoners are the most positive about the outlook for house prices, expectations across all regions are picking up.

Some 25.5% of the 1,500 home owners surveyed across the UK said that the value of their home had risen over the last month, up from 8.5% in February last year. Only 4.2% of households said the value of their home had fallen over the last month, the lowest since the index began, giving the HPSI a new record high reading of 60.7.

Any figure under 50 indicates that prices are falling, and the lower the figure, the steeper the decline. Any figure over 50 indicates that prices are rising.

February’s record reading surpasses the previous peak seen in December 2013 and is significantly higher than the 48.4 reading registered in February 2013.

Looking at the results on a regional basis, households in all 11 regions reported that the value of their home had risen in February, with those in London at 68.4, and the South East at 66.9 reporting the strongest growth.

The future HPSI, which measures what households think will happen to the value of their property over the next year, jumped to a new high of 74.9 this month, up from the previous record 72.3 in January. More than a half of respondents said they expected the value of their home to rise in 2014, with only 5.9% anticipating a decline.

Also, households in every region expect the value of their home to rise over the next 12 months, with expectations rising to a record high in six of the 11 regions, led by London at 81.8. Record highs were also reached in the West Midlands at 72.7, the South West at 74.4, the North West at 76.1, the South East at 78.7 and the East of England at 79.6.

Mortgage borrowers are the most confident that prices will rise over the next year at 83.1, followed by those who own their home outright at 77.4. While still positive, those who are renting are expecting more modest price rises at 60.6.

Those aged over 55 expect the biggest increase in the value of their home over the next year at 79.8, followed by those aged 35 to 44 and 44 to 54 both at 76. Those aged 18 to 24 at 67.1 are expecting more moderate price rises.

‘Households in every region of the UK have reported rising values for six months now, underlining the revival we have seen in the UK housing market in terms of activity and prices. The scale of price rises remains polarised however, with households in Wales and Yorkshire reporting much more modest price rises than those elsewhere in the UK. It is also interesting to note that households’ perceptions of price rises in the regions surrounding London are starting to catch up with those in the capital,’ said Gráinne Gilmore, head of UK residential research at Knight Frank.

‘London is also becoming less of an outlier when it comes to future house price expectations. In 2013, the average future HPSI for London was some 10 points above the average for the country, now the margin is closer to seven points. Indeed, house price expectations rose to new record highs in five other regions, including the North West and the West Midlands in February,’ she explained.

‘The recovery in the housing market reflects the increasing economic confidence in the country, which recently resulted in an upgrade to economic growth forecasts, coupled with the assurance that interest rates will remain low until next year at least,’ she added.

According to Tim Moore, senior economist at Markit, households reported the steepest rise in their property values for over five years in February, suggesting that prices have accelerated sharply even before the usual spring bounce this year. Strong house price inflation has also broadened out from London to other UK regions since the start of 2014, especially the South East of England.

‘Despite policymakers appearing increasingly vigilant about rising UK property values, the latest survey indicates no let up in price expectations at street level. February data showed that almost ten times as many UK households anticipate an increase in property values as those that forecast a decline over the year ahead,’ he pointed out.

‘On a regional basis, expectations of house price rises hit survey record highs in London and five other UK regions, with the East of England closest to matching the buoyant trend seen across the capital,’ he added.

Source: Propertywire

Press release ends.

ABOUT NEW FOREST, SANDBANKS, UK COUNTRY HOUSES AND ESTATES PROPERTY SEARCH AGENTS AND PROPERTY BUYING ADVISORS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest property for sale in The New Forest, Sandbanks, the UK Country House market and in Cape Town South Africa for private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

CORPORATE VIDEO: www.YouTube.com/User/PropertySearchAgents

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TAGS: New Forest, Sandbanks, England, Property, Sale, Buy, Selling, Buying, Search, Homes, Houses, Country Homes, Property Search Agent, Relocation Agent, Property Buying Agent, Property Buying Advisor, Relocation Company, Property, Real Estate, Country Houses, Country Homes, Country Estates, Period Property, Equestrian Property, Farms, Waterside Homes, Town, City, Village, For Sale, Period Property, Rectories, City, Buying, Selling, Renting, Homes, Houses, Estate Agents, Property Search, House for sale, Property Prices, Property Market, Property Agents

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UK prime country property price see highest quarterly rise for three years (Dec 2013)

Prime country house prices in the UK have increased by 3.1% this year and are forecast to increase by 3.5% in 2014, according to the latest analysis report from property firm Knight Frank.

Location and price will have the greatest bearing on growth with homes worth under £2 million and in the South East outperforming the wider market, it says.

The data also shows that the average price of a prime country house in the UK increased by 1.4% in the final quarter of 2013, the biggest quarterly rise in more than three years.

Although price growth is varied across price bands and performance is becoming increasingly dependent on the value of a property. For example, while homes worth under £2 million increased by an average of 1.7% over the last three months, price growth for properties in the higher price brackets has been more muted.

The average value of a home worth between £2 million and £3 million rose by 1%, while the price of properties worth between £3 million and £4 million climbed by 0.4% between October and December.

However, the average price of a home worth between £4 million and £5 million fell by 0.3% over the same time period. But prices of super prime properties worth £5 million plus proved more resilient due to low stock levels increasing by 2% in the fourth quarter of the year.

The report points out that the higher stamp duty charge for £2 million plus properties, introduced at last year’s Budget, remains a key driver behind stronger growth from the lower price brackets, while talk earlier this year about the introduction of a mansion tax for £2 million plus homes has also weighed on buyers’ minds at this end of the market.

Overall demand in the market remains strong with the number of new applicants registering their interest in buying a prime country home over the three months to December 2013 up 16.1% compared to the same period of 2012. Property viewings were up 7.9% over the same period.

Knight Frank says this has led to a rise in the number of prime country house transactions, which were 25% higher in the three months to December compared to the same period last year.

The firm expects further price growth in the prime country market in the coming year, as improved economic conditions, and the improved confidence engendered by Government stimuli feed in. It is forecasting average growth of 3.5% across all the prime country house market in 2014.

However, as has been the case through 2013, location and price will have the greatest bearing on growth and there are likely to be significant variations in prime house prices across the UK.

Knight Frank expects properties in the sub £1 million price band to see the biggest uplift of around 5%. In the £1 million to £2 million price band growth of 4% is forecast for 2014, while for homes worth £2 million plus are likely to see more modest growth of 2%.

Property markets in South East England will also outperform as price growth is boosted by the ripple effect of London prices, and continuing price growth in the towns within easy commuting distance of the capital.

‘2013 has seen the market pick up month on month after a slow and late start. Most confidence has been in the price range up to £1.5 million and we expect this to continue,’ said Rupert Sweeting, head of Knight Frank Country.

He also predicts rises in the £2 million to £5 million sector as buyers come to terms with the stamp duty and possible property tax of some sort. ‘As ever prime property at £5 million plus where it has been near perfect and close to London has attracted international interest. We are confident 2014 will be better than 2013,’ he added.

Source: Propertywire

Press release ends.

ABOUT UK PROPERTY SEARCH AGENTS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest UK homes, country houses, estates, farms, equestrian and waterside properties for retained private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

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The Most expensive UK Streets

The most expensive residential streets in England and Wales remain in the Royal Borough of Kensington and Chelsea, according to latest research from Lloyds Bank.

Located in South Kensington, surrounded by fashionable boutiques and with the Victoria and Albert Museum just across the road, Egerton Crescent is the nation’s dearest address for the second year running with an average property price of £7,369,000. Many of these properties are large grade II listed Georgian homes with four to five bedrooms.

Six of the 10 most expensive streets are in the Royal Borough such as Cadogan Square with an average property value of £5,746,000, Prince Consort Road at £5,499,000, Drayton Gardens at £5,234,000 and Eaton Square at £5,042,000.

Outside central London, the capital’s costliest addresses are The Bishops Avenue in Hampstead which has an average property value of £6,203,000 and also the second most expensive in this survey, and Parkside in Merton at £5,212,000 the sixth priciest street.

The most expensive streets away from the London are mainly in the Home Counties and generally in Surrey. Properties on Spicers Field in Oxshott in Surrey have an average price of £3,500,000, the highest outside London. Others include Leys Road also in Oxshott at £3,436,000), and then Icklingham Road at £3,264,000 and Harebell Hill at £3,080,000) both of which are streets in the Surrey village of Cobham.

The nation’s top 50 most expensive addresses are all in southern England. Apart from those in Surrey, others include Loom Lane in the Hertfordshire village of Radlett at £2,586,000, Philippines Shaw in Sevenoaks at £2,499,000, Western Avenue in Poole at £2,427,000) and Nuns Walk in Virginia Waters at £2,345,000.

Outside southern England the most expensive street is Withinlee Road in Macclesfield with an average property price of £1,871,000 and the 48th most expensive in this survey. Withinlee Road is followed by Ridgeway in Charnwood in Leicestershire where the average house price stands at £1,671,000.

Other exclusive addresses include The Thorsway in the Wirral with an average property value of £1,584,000, East Downs Road in Altrincham at £1,361,000, Rutland Drive in Harrogate at £1,152,000, Torkington Road in Wilmslow at £1,143,000 and Graham Park Road in Newcastle at £1,126,000.

‘Unsurprisingly, many of the most expensive residential streets in England and Wales are in the Royal Borough of Kensington and Chelsea with more than half of the 20 most expensive London streets in the borough,’ said Nitesh Patel, economist at Lloyds Bank.

‘Kensington and Chelsea has long had a global appeal and in more recent years the area has attracted many ultra wealthy foreign buyers. Low housing supply also helps support high property values in this area. Across most regions, the most expensive streets are tightly clustered within the same area,’ added Patel.

Eight of the 10 most expensive streets in East Anglia are in Cambridge. Most of these streets are close to the main University area, particularly around the Botanic Gardens, in the CB2 postal district. The most expensive streets are Barrow Road with an average house price of £1,487,000, Mingle Lane at £1,294,000 and Hills Road at £1,019,000.

In the East Midlands the most expensive street is The Ridgeway in Leicester with an average price of £1,671,000. Other expensive streets in the region include Croft Road at £1,001,000 and Valley Road at £815,000, both south of the River Trent in Nottingham, followed by Weston Road in Oakham at £813,000, First Drift in Stamford at £751,000, Belfry Lane in Northampton at £732,000 and Main Street in Loughborough at £724,000.

Six of the 10 most expensive streets in the North East are in Newcastle, particularly in the areas of Gosforth and Ponteland. Graham Park Road is the most expensive with an average price of £1,126,000, followed by Oakfield Road at £781,000 and Edge Hill at £701,000. Other streets include The Square in Sunderland at £652,000 and Leven Bank in Yarm at £631,000.

In the South West most of the dearest addresses are along the south coast with five of the 10 most expensive streets in Poole in Dorset. These include Western Avenue with an average property price of £2,427,000, Brudenell Avenue at £1,844,000 and Chaddesley Glen at £1,489,000. The region’s other top addresses include Restronguet Point in Truro at £1,715,000, Mudeford in Christchurch at £1,569,000, North Road in Bristol at £1,201,000 and Ilsham Marine Drive in Torquay at £1,164,000.

The most expensive streets in the West Midlands are Blue Lake Road in Solihull at £1,039,000 followed by Church Street in Broadway at £1,038,000 and Quarry Park Road in Stourbridge at £921,000. There are two other streets with an average value of over £850,000: Alderbrook Road at £893,000 and Little Aston Park Road at £880,000.

Seven of the 10 most expensive streets in Yorkshire and the Humber are located in the area that makes up what is known at the golden triangle between Harrogate, Wetherby and north Leeds. The region’s most expensive street is Rutland Drive in the spa town of Harrogate at £1,152,000. Other exclusive addresses include Bracken Park at £956,000and Wigton Lane at £942,000 which are both in north Leeds as well as Queens Parade in Harrogate at £881,000, and Spofforth Hill at £695,000. Outside the golden triangle the most expensive street is Whirlow Park Road in Sheffield at £766,000.

The most expensive street in Wales is Gannock Park in Conwy with an average house price of £655,000, followed by Druidstone Road and Lake Road West in Cardiff, both at £636,000, then East Cliff in Swansea at £608,000 and Llantrithyd Road in Cowbridge at £555,000.

Press release ends.

ABOUT UK PROPERTY SEARCH AGENTS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest UK homes, country houses, estates, farms, equestrian and waterside properties for retained private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

CORPORATE VIDEO: www.YouTube.com/User/PropertySearchAgents

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TAGS: UK, England, Property Search Agent, Relocation Agent, Property Buying Agent, Property Buying Advisor, Relocation Company, Property, Real Estate, Country Houses, Country Homes, Country Estates, Period Property, Equestrian Property, Farms, Waterside Homes, London, Town, City, Village, For Sale, Period Property, Rectories, City, Buying, Selling, Renting, Homes, Houses, Estate Agents, Property Search, House for sale, Property Prices, Property Market, Property Agents

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Rightmove property portal Forecasts 8% Increase In UK House Prices Next Year

Asking prices for a property in the UK could rise by up to 8% next year unless the growing demand is countered by sufficient supply according to a recent Rightmove Press Release in December 2013.

The market needs to redress 2013’s imbalance of 2% rise in new listings versus 13% jump in transactions, the firm said in a monthly report. It also noted that the time-lag between transaction growth and new listing growth has led to a further squeeze on property supply.

Rightmove forecasts that with confidence and mortgage lending at five year highs, property transactions could surge as much as 10% to hit around one million in 2014.

In December, house prices fell 1.9% month-on-month to GBP 241,455. This was the smallest December fall since 2006. This outcome indicates that the housing market recovery is gaining momentum, the report said.

Year-on-year, prices increased 5.4%. Prices in London could rise by another 6% and the South East by up to 10% due to the London ripple effect, Rightmove said.

Rightmove Director and housing market analyst Miles Shipside said that he does not see a housing bubble forming in London due to Help to Buy, the government-backed mortgage guarantee scheme for existing homes.

"Agents report low take-up of phase two of Help to Buy in London and the South East as mortgage repayments for many properties are not affordable for buyers with only a 5% deposit," Shipside said. "It seems to be helping those it was targeted at and those expecting a Help to Buy London bubble have got it very wrong."

The Bank of England last month decided to halt the Funding for Lending (FLS) scheme for household lending as house price growth gathered pace, but said will focus the scheme’s firepower on small businesses.

BoE Governor Mark Carney said last week that he is concerned about potential developments in the housing market.

Press release ends.

ABOUT UK PROPERTY SEARCH AGENTS, SANDS HOME SEARCH

Sands Home Search are independent Property Search & Relocation Agents who specialise in finding and acquiring the finest UK homes, country houses, estates, farms, equestrian and waterside properties for retained private, corporate and international property buying clients.

TEL: 01425 462 549

(from outside of the UK 0044 1425 462 549)

WEBSITE: www.SandsHomeSearch.com

CORPORATE VIDEO: www.YouTube.com/User/PropertySearchAgents

Follow us on Facebook: www.FaceBook/pages/UK-Property-Search-Agents-Sands-Home-Search

TAGS: UK, England, Property Search Agent, Relocation Agent, Property Buying Agent, Property Buying Advisor, Relocation Company, Property, Real Estate, Country Houses, Country Homes, Country Estates, Period Property, Equestrian Property, Farms, Waterside Homes, London, Town, City, Village, For Sale, Period Property, Rectories, City, Buying, Selling, Renting, Homes, Houses, Estate Agents, Property Search, House for sale, Property Prices, Property Market, Property Agents

(from outside of the UK 0044 1425 462 549)

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