Islander Jersey 59: June 2024

EASTERN PROMISE

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V a r d o n , G r o u v i l l e , J E 3 9 H T 01534 722

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a u t i f u l n e w l d h o m e

Connecting People & Property Perfectly.

ISLANDER #59 JUNE 2024

ABOUT PLACES ISLANDER.

Places Islander is Jersey’s only publication dedicated to multi-agent, high quality property related listings and local property and profile features.

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EDITION

St. Helier £530,000

A 1st floor apartment superbly located on the marina briefly comprising 2 bedrooms,1 bathroom, open plan living with built-in kitchen with integrated appliances and breakfast bar, ample storage and fitted wardrobes and a large balcony with marina and sea views, secure parking

for 1 car and a lockup store. An easy walk to town and conveniently located and surrounded by local amenities on your doorstep. The apartment is offered with vacant possession and no onward chain,

Broadlands 01534 880770

St Helier £1,275,000

Situated in the popular Maison Victor Hugo development, this exceptionally spacious sea facing duplex apartment offers stunning sea views over St Clement’s Bay and also benefits from direct access to the beach. Double doors lead you into the large living room-diner with sliding doors leading out to the south facing balcony. The kitchen sits to the rear and also benefits from rooftop views. On this floor is also a double bedroom, bathroom and a bank of handy

Le Gallais - 01534 766689

cupboards. Upstairs is the master bedroom suite with fitted wardrobe, a walk in cupboard, en-suite bathroom and a superb apex window providing plenty of light. The final double bedroom, served by the house shower room. A spiral staircase leads up to a roof terrace with sweeping views and is an ideal spot for sun worshippers or simply to escape and relax. Two large and secure private store rooms and two designated undercover parking spaces plus visitor parking complete this exceptional apartment which is in great order throughout and offered with no onward chain.

Places.je #48423

Places.je #47978

St Helier £560,000

A brand new development embraces Victorian architecture whilst creating modern and comfortable living spaces all finished to a high specification. This 2 bedroom apartment is situated in a convenient location with private parking a moments from the centre of town and short stroll from the seafront Lido and restaurants of Havre des Pas. Number 6

is a spacious 653sqft, situated on the top floor benfitting from both an east and west aspect with an incredible vaulted living room creating a real sense of style and space! There are electric car fast chargers and also the option to purchase extra parking spaces on a first come first served basis. In addition each apartment has a private store cupboard.

Red Properties - 01534 710710

St Lawrence £1,675,000

An exclusive development situated in an elevated position, overlooking St Aubin’s Bay. Situated on the first floor of the development, these unique apartments provide the middle ground between apartment and house living. This apartment has been uniquely designed to work with the beautiful private terrace and garden area. The added unique extra of the suitably sized laundry room provides functionality for the homeowner, something not many

Savills - 01534 722227

Places.je # 31117

apartments provide. Moving towards the bedrooms, the master bedroom being accompanied with the en-suite and dressing area provides the luxury hotel feel including a beautifully tiled walk-in shower and bespoke fitted wardrobes. Following on to the secondary bedroom, we have provided for wardrobe space along with access to the house bathroom which includes a bath with shower head.

Places.je # 48306

Rachel Concannon

RACHEL’S TEXTILES

Rachel Concannon is celebrating a milestone this month as she opened the doors to Rachel’s Textiles Studio 10 years ago this July. Her sole focus was to help encourage more people to get stitching. She left a long-term post as head of textiles at Jersey College for Girls where she had inspired many pupils from there and from Victoria College to enjoy sewing and textile art, up to A-level standard.

Can you tell us about your Genuine Jersey Products?

I design and hand make so many gifts. There are such lovely things to stitch and my best sellers are my unique handmade cards which can be pre ordered or chosen from a wide selection at my shop on La Colomberie. Other popular products are foldaway bags or larger shopping bags, bookmarks and soft sculptures (particularly cats). Constructing with fabric pieces is made so much easier using my Janome machines.

How long have you been crafting?

For ever and ever, since I was tiny, so many years ago!

We believe it’s the 10 year anniversary of Rachel’s Textiles Studio, how are you celebrating?

I’m so excited. I will be extending my opening hours till 6pm on the anniversary date Friday 28th July and also Saturday 29th. Do pop in to take advantage of any offers during the celebrations

What inspires you?

Anything and everything but particularly fashion illustration and the flowers in my garden; both feature heavily in my products.

Of all the things you make, which are your favourites?

My all time favourites are my jointed dolls and angels which are only made for very special orders. They are so intricate and detailed and take so, so long to create. I also get totally sidetracked making ‘lavender ladies’ with gorgeous hair and scented with lavender grown from my garden

Any advice for someone who’s new to crafting?

Take time to learn your craft, practice hard and enjoy the process. You can never stop learning.

Anything new that you’re adding to your range in the near future?

I am planning larger pieces of textile art; Havre des Pas is calling me to get creative with machine embroidery and hand stitching. I also need to do some large stitched textured canvases or wall hangings and maybe a folding screen featuring fashion illustrations created with scraps of fine fabrics and so many threads. All depending on my spare time and the weather!

Where can we find your work?

Rachel’s Textiles Studio: I only sell my products at my shop but am happy to pop cards and small items in the post if someone has difficulty getting in. If you’d like to come and see my work for yourselves or if you need anything from my haberdashery stocked full of wonderful trims, threads, knick-knacks and all the essentials for your sewing projects you can find me at 47 La Colomberie, St Helier.

Take time to learn your craft, practice hard and enjoy the process. You can never stop learning.

THERE’S ONLY ONE PLACE TO LOOK.

/OPEN VIEWINGS /HISTORIC TRANSACTIONS /MULTI-AGENT MAP SEARCH

/CURATED, ACCURATE DATA

/TWICE THE NUMBER OF LISTED AGENTS THAN ANY OTHER PLATFORM

IF YOU’RE LOOKING FOR A PLACE IN JERSEY, ALL YOU NEED IS PLACES MAKING YOUR HOUSE HUNT EASIER SINCE 2009

PROPERTY TRANSACTIONS

The latest transactions through the Royal Court

24 May 2024

1 Mariner Cottages, La Route des Havres, St. Ouen £1000000

2 Plat Douet Townhouse, Plat Douet Road, St. Saviour £690000

7 La Vallee Mews, La Vallee de St Pierre, St. Lawrence £549000

Avalon, Brighton Road Lane, Brighton Road, St. Helier £510000

Apartment 4, 11 Caledonia Place, St. Helier £475000

Apartment 4, 45 La Motte Street, St. Helier £420000 Benest Estates

Garden Apartment, 3 Norfolk Terrace, Rouge Bouillon, St. Helier £385000 Hunt Estates

Apartment 5, 1 Windsor Terrace, 37 St Mark’s Road, St. Helier £295000

2 Hollybrook Close, Le Vieux Chemin, St. Clement £1350000

Manleys, Le Mont Fallu, St. Peter £850000

5 l’Hameau d’Anne Port, Les Charrieres d’Anne Port, St. Martin £665000 Wilsons

1 Silvertide, 38 Havre des Pas, St. Helier £600000

5 Clos de la Biarderie, La Ruette de la Ville al’Eveque, Trinity £520000

Apartment 108, The Limes, Green Street, St. Helier £465000

15 Belmont Gardens, St. Helier £345000

Apartment 2, 7 Duhamel Place, St. Helier £328000

Seacroft House, Rope Walk, St. Helier £1075000

The Cottage, 4 Les Petits Canons, La Grande Route De St Jean, Trinity £930000

2 Homesdale Cottages, La Grande Route des Sablons, Grouville £620000

Manley’s Cottage, Le Mont Fallu, St. Peter £525000

Apartment 125, The Limes, Green Street, St. Helier £500000

Apartment 117, The Limes, Green Street, St. Helier £467500

Suite 6 and 7, Horizon East, La Rue de l’Etau, St. Helier £400000

Apartment 96, The Limes, Green Street, St. Helier £365000

Apartment 3, Sherwood, 3 Trinity Road, St. Helier £176000

17 May 2024

Cedar Cottage, 3 La Grange Martin, St. Martin £990000

Wanganui, 38 Causie Drive, La Rue de Causie, St. Clement £840000

12 Coastlands, La Greve d’Azette, Vingtaine de Samares, St. Clement £650000 Wilsons

Apartment 2, Vale Farm, Le Mont Fallu, St. Peter £580000

Hunt Estates

Atlas Works, Dorset Street, St. Helier £500000

Apartment 10, Supernet House, David Place, St. Helier £400000

Property Store Jersey

Apartment 12, Ashley House, La Grande Route des Sablons, Grouville £345000

4 Les Quennevais Park, La Route des Quennevais, St. Brelade £272000

10 May 2024

3 Devonshire Villas, La Route es Nouaux, St. Helier £535000

Suite 20 And 21, Horizon West, La Rue de l’Etau, St. Helier £700000

Apartment 2, Isola Bella, La Route de St Aubin, St. Helier £567000

Eden Cottage, La Rue des Pigeneaux, St. Saviour £520000

Apartment 1, 11 Caledonia Place, St. Helier £475000

3 Woodbine, Bagot Road, St. Saviour £425000

Apartment 1, 79 Rouge Bouillon, St. Helier £400000

90 Le Clos des Sables, La Route Orange, St. Brelade £320000

4 Tesson Villas, La Vallee de St Pierre, St. Peter £873000 Troys

Dolce, La Marquanderie Hill, St. Brelade £695000

Wind Rush, 16 Priory Farm, La Grande Route de St Clement, St. Clement £625000

3 Clos de la Bout, La Rue de la Mare Ballam, St. John £565000

1 Vinchelez Farm Apartments, La Rue Platte Raie, St. Ouen £500000

Apartment 10, Ashley House, St Saviour’s Hill, St. Saviour £375000

Property Store Jersey

Apartment 103, The Limes, Green Street, St. Helier £342500

Apartment 2, 2 Duhamel Lane, St. Helier £355000

Agents! Don’t forget to claim your sales through our Places admin console and show which properties you sold, just click ‘historic sales’ from your menu and ‘claim’!

EASTERN PROMISE

This dazzling white Georgian palace is a worthy neighbour to Mont Orgueil Castle. The property commands attention. If beauty is in the eye of the beholder, eyes sparkle when they view De Montford House.

The prestigious abode houses all the benefits of the old without any of the drawbacks. Despite its neoclassical appearance, the house is quite literally ‘fresh’ on the market. If you were to visit the site through Google Street View, you can see the house mid-construction back in 2010. At some point over the past 14 years, De Montford House traded its scaffolding for gorgeously cut balustrades guarding spacious stone terraces of a grand four bed, four bath main house atop a pool, guest lodge and 'bat cave' garage. It is a structure that sings of the golden age, whilst being grounded on the foundations of modern architecture.

In tune with the tone of the future, the full 9700 square feet of De Montford House boasts solar and geothermal heating, with a smart home system that can be accessed all over the world. You can turn on the aircon in London to ensure maximum comfort as soon as you arrive home. With camera and security systems in place, you’ll never have to worry that your kids are having a party whilst you’re away. If you want to really mess with them, start controlling the house from Barbados using the trusty app on your phone. If you can’t turn off the Sonos, you can turn on the lights.

The good news is that your kids will be too preoccupied to think of having a party anyway. Their time is most likely going to be split between the ‘state of the art’ cinema room and the climate controlled indoor swimming pool. When it snows, they’ll probably sledge down the garden, and when they get into fitness they can work out in the gym. If they’re slightly more outdoorsy they can potter down to the beach and have a go at windsurfing, jet skiing or sailing. There’s a

mooring located just outside the castle where you can put that boat that you don’t know what to do with. You’ll see the sun glinting off it from the main house, and this will remind you to take it for a spin when the weather is right. With France (literally) on the horizon, you could travel 14 miles to Carteret for lunch in under half an hour.

If you’re less into boats and more into cars, you’ll love the underground garage which can fit around 8 of your favourites. It is the height of convenience with automatic doors that can be controlled by your phone. And with a ceiling over your

treasured possessions, you won’t even have to wait for the convertible roof to go back up. Step straight out of your car and into any room of the house by using the lift that has access to all floors. . It can even take you up to the top of the garden - if you want a breath of fresh air before stepping inside.

It’s what’s on the inside that counts, and the interior of this house is to die for. The main house is awash with cream and gold, bringing the Georgian aspects of the exterior into the heart of the home. A beautiful diamanté chandelier takes centre stage in the main living room, which can be made cosy

in winter with the ornately decorated fireplace. De Montford also boasts a built in bar and a state of the art kitchen, with warm-toned marble covering table-tops and floors. These will keep your feet cool in summer, but toasty in winter (if the underfloor heating is on, of course).

If you have guests to stay and want to give them some space, why not invite them to stay in the accommodation below the main house? It has its own access point and a more modern interior, which can cater to any and all needs. With a living room, kitchen, two bedrooms, bathroom and outdoor terrace, who could ask for more? The privacy and location of the guest accommodation makes it a perfect two generation set-up. Restaurants and bars known and loved by Jersey’s residents are situated only a short walk away in the village of Gorey.

With its grandeur and elegance, De Montford House has been praised as one of ‘the finest island marine residences available’. It’s a dream house that is remarkable even by Jersey’s standards, and made even more remarkable by panoramic sea views. The royals who toiled over the constuction of Mont Orgueil would probably leave the castle to come and live in yours. Better heating, bigger windows, and ample room for the servants. The only thing it’s missing is the flagpoles - but you can’t have everything, right?

Aimee Sinclair Hogan Wilsons Knight Frank 01534

De Montford House St Martin. £12,000,000

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MORTGAGE market update

Words: Peter Seymour, The Mortgage Shop

JANUARY OPTIMISM

The January optimism for Bank of England base rate reductions has now waned, although the lure of lower interest rates which might become available later this year and into 2025 will help to drive property sales forward.

Asking prices are continuing to fall in Jersey, and this downward trend will have to be maintained before the market returns to a degree of normality.

Everybody believes that rates will fall later this year. The only question is when, and until that time, the economy will remain in a state of suspension. The Bank of England, the US Federal Reserve and the European Central Bank work together and any reductions by the Bank of England will be influenced by what is happening elsewhere in the world.

WHEN WILL BASE RATE FALL?

The UK market is now forecasting that Base Rate is unlikely to fall until August, with two reductions each of 0.25% before the year end when Base Rate will then become 4.75%. By the end of 2025, it is predicted to fall to 4%, before reducing slowly to approximately 3.5% in 2029. Do remember that these are forecasts only, although they at least give borrowers an indication of trends which is so important when choosing which type of mortgage to choose for the future.

Mortgages from the island’s providers are available in fixed and tracker options, with the fixes being available for periods of two, three and five years, and occasionally seven or ten years. Fixed rates carry a high early repayment penalty which means that should rates fall in the next twelve months, borrowers locked into a five year rate, for example, could find themselves having to pay a 4% penalty to move to a more attractive

BEST RATES

2-year Tracker rate 60% LTV 5.75% 5.75% 5.44%

2-year Fixed rate 60% LTV 5.34% 5.34% 5.79%

2-year Fixed rate 90% LTV 5.64% 5.64% 5.49%

5-year Fixed rate 60% LTV 4.84% 4.84% 5.29%

5-year Fixed rate 90% LTV 5.14% 5.14% 5.49%

rate of interest. Tracker rates, whilst being the most expensive, do not tie the borrower into a specific term which will carry a high early repayment penalty, which means that the borrower can immediately benefit from any reductions in Base Rate.

FIXED OR TRACKER

Should rates go up however, the tracker will also increase so that the choice of this product must be made carefully. It is interesting to see that many of our borrowers at The Mortgage Shop are locking into two year fixed rates as this gives them short term protection should rates rise as well as the opportunity to ‘’bale out’’ into lower rates in two years time if the forecast trend continues.

The Base Rate which we are currently experiencing is due to exceedingly high inflation which resulted in the Bank raising the rate fourteen times since December 2021 in an attempt to reduce inflation which has now fallen to 2.3%, down from a high of 11.1%. While this is close to the 2% target, it is unlikely that Base Rate will be reviewed until this figure has been reached.

The Bank has also said that it will have no hesitation in increasing Base Rate further if inflation remains persistent and above target. June May January

GENERAL ELECTION

It is suggested that the impending General Election could have an impact on reducing Base Rate, although the clamour from Westminster is unlikely to influence the Bank which has been totally independent since 1997, and who have shown in recent months that it will not countenance any interference despite the widespread damage that its policy is causing to the home owning population.

Jeremy Hunt, the chancellor has warned against monetary loosening until the Bank is ‘’ absolutely sure that inflation is on a downward trajectory, and that the Bank should not rush into a decision that they have to reverse at a later stage ‘’.

MORE PROPERTY BEING PLACED ON MARKET

Our monthly look at the property site places.je shows that the number of houses and apartments has once again increased to 1530, with 427 in the range up to £500,000 and a further 468 in the price bracket between £500,000 and £700,000.

This number of listings is a clear indication that homeowners are keen to get on with their lives rather than waiting for things to improve. This also gives potential purchasers a far greater opportunity to negotiate which in turn will bring prices back to a more sensible level that will match mortgage providers’ affordability criteria.

BEST RATES

Best Rates this month have remained the same as May, which is not surprising, although the next few months should show some interesting changes.

@themortgageshopjersey

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