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August 11, 2015

Relocate to a holiday escape

Filed under: Latest News — Four Communications @ 11:23 am

The long weekend is a time for celebration, with hundreds of events held annually the length and breadth of the country. We have chosen a selection of properties across the country, which could offer a permanent base or a holiday home in locations renowned for their late summer celebrations.

The Dartmouth Royal Regatta, which takes place from 27th to the 29th August in the historic sailing town of Dartmouth, is one of the most famous regattas in the UK. Sails, a brand new development due for completion next month, benefits from having a prime position on the harbour front, commanding far reaching views of the coast. The three bedroom, three bathroom leading penthouse in the development, makes the most of these views, with vast windows throughout and airy open plan living, dining and cooking space. Furthermore, there is a large roof garden with an al-fresco dining area, complete with outdoor kitchen and built-in seating area. The penthouse is accessible via a lift and also comes with a secure parking garage and storage ‘pod’ in the basement. The property is on the market for £1.5 million with our Exeter office (tel.: 01392 214 222). For more information please click here.

The historic Goodwood House and Estate, home to the Goodwood Retro weekend which takes place from the 28th to 30th August, is just a few miles away from The Old Rectory, a mid-Victorian rectory situated in the village of West Stoke, within the South Downs National Park. The seven bedroom property was built in 1875 and is approached by an impressive long tree-lined driveway, set in about 3.5 acres. The mature gardens and grounds encompass both a paddock and formal gardens, in addition to a number of outbuildings, including a brick and tiled studio, covered parking and stabling. The idyllic countryside location is just four miles away from the charming town of Chichester, which boasts a good selection of shops, bars and restaurants. A mainline station, which provides regular services into London, is also found in the town, with services running into London Victoria in 1 hour 36 minutes. The property is on the market and price is upon application, with our Chichester office (tel.: 01243 786316). For more information please click here.

Beaumaris Medieval Festival on the Isle of Anglesey is an annual celebration, which takes place from the 29th to the 31st August, involving a number of exciting family activities, including lively battle re-enactments. 2 Pen y Parc is a charming period property situated just one mile from the castle in Beaumaris, with striking views of both the sea and the Snowdonian Mountain range. Originally part of the Williams-Buckley estate, the property forms the central part of the main house, set in approximately 15.5 acres. The interior has been finished to a high specification with two luxurious fitted bathrooms and a well-appointed kitchen. Although situated in a rural position, the property is within close proximity of both Beaumaris and its local amenities and the A55 expressway, which allows for travel along North Wales and into England. The property is on the market at a guide price of £430,000, with our Chester office (tel.: 01244 328361). For more information please click here.

The Newlyn Fish Festival is one of the most popular bank holiday events held in the south-west, which takes place on 31st August, Bank Holiday Monday. Blue Elvin is situated just a short walk from the festival’s venue of Newlyn Harbour, one of the most active commercial fishing harbours in Britain. The five bedroom property benefits from fantastic panoramic views of Mounts Bay and St Michael’s Mount and has been designed by a local architect with modern luxury living in mind. The property has a strong emphasis on modern technology, with the designer appliances and bathroom fittings reflecting the contemporary design of the property. The property is located close to the cultural, coastal town of Penzance, famous for its collection of museums, shops and art galleries. The property is on the market at a guide price of £1.15 million, with our Truro office (tel.: 01872 261160). For more information please click here.

August 10, 2015

Cambridge trumps Oxford and tops the property league table for average price growth in university markets

Filed under: Latest News — Four Communications @ 1:37 pm

With the start of a new university year looming, the city of Cambridge has topped the price growth tables for university property markets, according to new research for upmarket national estate agents Jackson-Stops & Staff, with 44 offices nationwide.

As well as trumping Oxford in the university league tables, Cambridge has shown double the average price growth of its historic rival, with average prices increasing by 20 per cent in the last 12 months, 10 per cent more than Oxford and 14.3 per cent more than the national average.

Canterbury, York and Northampton also performed strongly showing price growth of 16 percent, 11 per cent and ten per cent respectively with a total of 28 towns and cities recording growth in excess of the national average. Other top performing cities include Reading, Bristol, Brighton, Luton, Oxford, Sheffield and Exeter, with average growth for the top ten markets at 15 per cent.

Whilst Cambridge outperformed Oxford in terms of average price growth, this was driven largely by detached property values with prices rising 36 per cent from £665,650 to £903,038. Larger properties are attractive to buy-to-let investors, with a guaranteed pipeline of student tenants. However, when assessing other property types, Oxford shows considerably higher growth rates, particularly for flats where it tops the price growth tables with 36 per cent.

Jackson-Stops & Staff has more than a century of experience in the prime property market throughout the UK with offices in university cities across the country, including Exeter, London, Chester, Canterbury, Northampton, York and Norwich.

Whilst the majority of the top performing towns are in the south of the country, York bucks the trend by recording double digit price growth, sitting above Oxford, Exeter, London and many core areas within the Home Counties.

York showed particularly high levels of growth for large, five plus bedroom homes, recording a 29 per cent increase in the last 12 months for this type of property along with Exeter at 27 per cent, Bath at 22 per cent, Bangor at 20 per cent, Chester at 15 percent and Oxford at 14 per cent. Similarly, Canterbury topped the price growth tables for four bedroom homes at 24 per cent with Bangor and Cambridge close behind showing 22 per cent and 19 per cent growth respectively. London remains the most expensive location to buy all types and size of property and so larger homes outside of London and the Home Counties represent strong investment opportunities, with buyers able to cash in on the student rental market within these university towns.

Whilst price stagnation and deflation is concentrated in the North of England and Wales, with the average fall for the bottom ten performing markets at -4 per cent, York and Sheffield are two of the top ten performing towns and cities, with Manchester and Scottish university cities also performing strongly. With steady levels of growth in place in some of these larger urban hubs, the north of England and Wales will hopefully see a ripple effect into some of the smaller university centres.

Nick Leeming, Chairman of Jackson-Stops & Staff, comments: “Britain is renowned for having some of the best universities in the world, rich in heritage and history, and offering some of the most sought after property stock in the country. It is no coincidence that high levels of price growth correlate with some of the UK’s best universities where there is a strong demand for rental properties for students and this seems to be having beneficial effects on northern cities, such as York, Sheffield and Manchester, which have typically seen slower levels of growth and a more fragile state of recovery following the recession.”

The data was sourced from home.co.uk July 2015 by Insight Advantage for Jackson-Stops & Staff and is based on average asking prices.

August 6, 2015

UK interest rates have been held at the record low of 0.5% for another month by the Bank of England, it was announced today.

Filed under: Latest News — Four Communications @ 2:06 pm

Nicholas Leeming said: “The decision to maintain interest rates at the current, historically low levels comes as no surprise. However Mark Carney has been careful to flag that interest rates will edge higher in the longer term as the economy continues to grow and inflationary pressure on wages increase. Property buyers should recognise that rates will move towards more sustainable, long term levels and so budget for higher mortgage costs accordingly. Vendors should be aware that any such increases will create resistance to overly high guide prices.”