PROPERTY The Property Magazine for Bournemouth Christchurch and Poole
September 2017
Millionaire Mansions Rentals to Suit All Budgets
Money Saving Mortgages and Loans Great Apartments Superb Local New Builds
Buy to Let - Should I Use a Letting Agent?
International Showcase
Promote your company here
2 Property September 2017
4 Property September 2017
SEPTEMBER 2017
COVER PHOTO: MANOR FARM, CREWKERNE, 5 BED, 20 ACRES £1,290,000 SAVILLS 01202 856800
CONTENTS
9 TOM’S LANE CORNER
News 7 NEWS
All the local property gossip
Millionaire Mansions 9 TOM’S LANE CORNER
A stunning kitchen in a New Forest dream home
14 ROSE LAWN COPPICE
The thatched house built for a General and his wife
20 EDITOR’S PICKS The Editor chooses her favourite properties
23 AGENTS’ APARTMENTS Agents choose their favourite flats
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To Let 29 RENTAL BEAUTIES
Beautiful homes to rent
Interiors 31 KITCHENS
The golden rules of buying a new kitchen
NEW BUILD SHOWCASE
Some of the best new properties on the market
26 INTERNATIONAL PROPERTY Picture postcard holiday homes and investments
For Sale
Money 33 MORTGAGES AND LOANS
What is a Bridging Loan?
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AGENTS’ CHOICE
BUY TO LET
Agents select their preferred houses
Should I use a letting agent?
PROPERTY PUBLISHER & CEO
Susan Thomas SENIOR EDITOR Theresa Edwards SUB EDITOR Jemima Radcliffe ART EDITOR Johan Weiss EDITORIAL ASSISTANT Dawn Tailor-Courtson PRODUCTION DIRECTOR Simon Partwick PRODUCTION MANAGER Elizabeth Constanzis ADMINISTRATOR Al Limonis PUBLISHED BY Property Publications COVER IMAGE Dave Randall
PROPERTY Property Publications 25 Sunnylands Avenue Bournemouth BH6 4HH Tel: 01202 123456 For advertising enquiries call: 01202 123456
Copyright ©2017, Property Publications All rights reserved All material in Property is wholly copyright and reproduction without the written permission of the publisher is strictly forbidden. Products and services included in this publication do not imply any endorsment by Property Publications. The views expressed in this publication are entirely those of the writers and do not represent those of Property. The information in this publication is carefully researched and produced in good faith, however, neither the Publisher, nor the Editors, accept responsibility for any errors. Property is published in the UK under licence by Global Executive Decisions Limited. Global Executive Decisions Limited is registered in England and Wales under registration number 08143506.
September 2017 Property 5
6 Property September 2017
News
News Alex from Goadsby: “The competition between agents is something I particularly relish.” Goadsby lettings in Southbourne are delighted to announce they have secured a prospective tenant for this apartment on Southbourne Road.
Another successful let by Goadsby
The bright and spacious two bedroom apartment is located just a moments’ walk from local amenities. The property benefits from an underground parking space, ample storage and large balcony. Goadsby have achieved the full asking price of £925 PCM. Alexander Henley from Goadsby comments “This particular property was given to a couple of local agents by the landlord after one (agent) was unable to initially let the property. The competition between agents is something I particularly relish and, on this occasion, we were able to find suitable tenants within the first 48 hours of marketing. We are keen to hear from landlords with similar properties or those who are struggling to find tenants with their current agent.” If you are considering renting out a property, or would like some informal advice on the rental market, please contact Alex on 01202 432188 or email alex. henley@goadsby.com.
across the UK took part in a variety of fundraising activities, including cake sales, coffee mornings, raffles, car washes, cycling challenges, marathons, sponsored walks, games, competitions and a sponsored silence. Leaders also invited its landlords to donate a day’s rent in support of Together for Short Lives and hundreds did so, raising thousands more for the charity. The £15,000 raised in just seven days from May 22-29 will contribute to the company’s fundraising total for the year, when it is aiming to raise £50,000 just as it did in 2016. Allison Thompson, managing director at Leaders, says: “Having worked with Together for Short Lives since 2015, we know exactly how important this money is and the difference it will make. The charity supports children with life-threatening and life-limiting conditions and we are delighted to be able to help. Together for Short Lives is an umbrella charity for all 54 children’s hospices in the UK. Each Leaders branch is paired with its local hospice and raises money on its behalf.
A Promotion at Lovett International In a press release from Lovett International: ‘We have recently promoted Zdenka Faustino within our award-winning Lettings Department. Zdenka joined Lovett International in February 2016 as our Senior Negotiator. She settled into the team extremely well and very quickly built excellent relationships with existing Landlords, as well as creating new relationships. Zdenka has a high ratio of converted leads to lets, proving that her listening skills to match the right property to the prospective Tenant are second to none.
MK Estates win Dragon Boat race
The winning team celebrates
MK Estates are delighted to announce that they have taken 1st place in the Dragon Boat racing as part of the Pink Champagne Dragon boat team event on 11th June at Hengistbury Head outdoor center.
Leaders raises £15,000 for children’s hospice charity in a week! NATIONAL estate agents Leaders raised £15,000 for its charity partner Together for Short Lives during the recent Children’s Hospice Week. Staff from all of 124 Leaders branches
The teams were racing to raise money for Pink Champagne Breast Cancer Survivors’ charity, established in 2008 by a group of breast cancer patients, in collaboration with the breast cancer team at the Royal Bournemouth Hospital and a team of exercise therapists. Based in Dorset they are now one of 195 teams worldwide, hoping to inspire and encourage other breast cancer survivors.
Let battle commence!
Zdenka Faustino - Newly promoted Lettings Manager
Our Area Lettings Manager, Charlotte, needed someone to manage the Boscombe office, portfolio and staff and Zdenka was an obvious choice. “Zdenka works so efficiently and effectively, juggling the leads, lets, references, valuations, tenancy agreements and communications between tenants and landlords, while helping other members of the Lettings team that I thought she would be the perfect person for this role. When I approached Zdenka to give (her) the good news she was delighted to take on the challenge to work on existing and build on the current portfolio and is now officially the the Lettings Manager of the Boscombe branch,” tells Charlotte. September 2017 Property 7
8 Property September 2017
PHOTOS: SAVILLS
For Sale Millionaire Mansions
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om’s Lane Corner
A beautifully renovated and well proportioned, detached, country house, situated in a delightful and private location, surrounded by open forest in the heart of the New Forest.
September 2017 Property 9
For Sale Millionaire Mansions
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om’s Lane Corner incorporates many bespoke features and also benefits from a separate, two bedroom cottage and stables, with formal gardens and paddock land
10 Property September 2017
extending to over 5.2 acres. The house is extremely well proportioned accommoavailable to purchase either with or with- dation throughout, as well as being in out the two bedroom cottage. excellent decorative order. Tom’s Lane Corner also has the benefit of four paddocks, with stabling, he property has been the subject tack and feed storage facilities. Sitting of extensive refurbishment and centrally in its plot, the property offers improvements, (continued on p.11)
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For Sale Millionaire Mansions
hall, kitchen/breakfast room and rear hall.
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f note is the use of natural stone throughout, including a beautiful marble vanity unit in the family bathroom. The ground floor also benefits from
a spacious reception hall, giving access to the two well proportioned reception rooms, both with open fireplaces and delightful views over the gardens. Tom’s Lane Corner is on the market for £2,250,000. Please contact Giles Muddle at Savills Winchester 01962 841 842.
PHOTOS: SAVILLS
(continued from p.10) including a new roof, re-pointing to the external brickwork, an extensive bespoke range of handmade kitchen and utility room units with stone work surfaces incorporating an electric double oven Aga, and very attractive Travertine tiled flooring to the reception
September 2017 Property 11
For Sale Millionaire Mansions
Rose Lawn Coppice
This enchanting home occupies a delightful and secluded location at the end of a long, private drive. It stands in beautiful, extensive gardens and grounds which adjoin the renowned Broadstone Golf Course. The property was built in 1925 by Brigadier General Robert Poore (1866-1938)and Lady Flora Poore (1867-1957) and is brought to market by Savills. 14 Property Summer 2017
For Sale Millionaire Mansions
Rose Lawn Coppice - one of the finest country cottages in the South of England
clubs - are about 9 and 6 miles away respectively. Access to the M27 and M3 to London is via the A31 which can be joined just over a mile away at Merley and mainline trains to London Waterloo run from both Poole and Bournemouth stations. There are excellent state and independent schools in the wider area, including Canford, Bryanston, Clayesmore, Sandroyd, Milton Abbey, Sherborne, Port Regis, Dumpton and Castle Court, together with the recently rebuilt Queen Elizabeth School and the St John’s CE First School. Sporting facilities in the area include fine golf courses at neighbouring Broadstone golf club, together with Ferndown, Parkstone and Remedy Oak. There is excellent sailing and water sports available at Poole Harbour and along the Dorset coast.
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he delightful Minster town of Wimborne is only two miles away and offers excellent amenities. These include both Waitrose and Co-operative supermarkets, many independent shops, numerous cafes, bars and restaurants and the Quarterjack doctors surgery. There is also the Tivoli cinema/theatre and the Allendale community centre. The centres of both Bournemouth and Poole - renowned for their shopping, entertainment and recreational amenities, excellent beaches and yacht
PHOTOS: SAVILLS
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The gardens are an absolute delight and are immaculately presented.
ose Lawn Coppice was constructed in 1925 with brick and rendered elevations under a water reed thatched roof. The house was built on land purchased from Lord Wimborne’s Estate by Brigadier General Robert Poore (1866-1938) and Lady Flora Poore (1867-1957). They are now buried in an area of consecrated ground in woodland near the south eastern boundary of the property. Lord Selkirk inherited the house under the will of Lady Poore and lived there until his death. The current owners acquired the property from the Executors of the Earl of Selkirk in 1995. The following year they embarked on a comprehensive and very sympathetic programme of restoration. (continued on page 16)
September 2017 Property 15
PHOTOS: SAVILLS
For Sale Millionaire Mansions
(continued from page 15) The gardens are an absolute delight and are immaculately presented. A charming “millennium pavilion” was constructed using old bricks and tiles. This has a golfer weather vane reflecting the splendid setting by the golf course.
16 Property September 2017
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ose Lawn Coppice is approached through a five bar gate by a tree lined tarmacadamed entrance drive which is approximately one third of a mile long. The drive culminates in a wide, gravelled parking and turning area in front of the house and
garage block. The main garage block has two electrically operated up and over doors. In addition, there are two car ports, workshop and a barn.
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wide assortment of shrubs and extensive paved areas, a sunken fish pond with flower beds, arbour, paved pathways and rockery together with a summer house and a walled o the rear of the house, area with attractive heated the garden is laid to swimming pool and steps lawn. There is also a leading up to the superb pool room located above the main garage block measuring approximately 27’ by 18’ with adjoining shower room. All Weather tennis court. Raised vegetable beds. Two greenhouses. The property includes extensive areas of mixed woodland including beech, oak, sycamore, pine and Norway spruce. The property adjoins the renowned Broadstone Golf Course to the south and west although it is well screened. The whole property extends to approximately 18.55 acres. Rose Lawn Coppice has a guide price of £2,950,000. Please contact Peter Lane at Savills Wimborne on 01202 856 800.
September 2017 Property 17
For Sale Agents’ Choice
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Agents’ Choice Estate Agents showcase the properties they believe offer the best value, or are simply their favourites. Up to £400,000.
1. 4 bed det dbl grg £365,000 BH11 Palmer Snell 01202 805824 2. 3 bed semi £285,000 Columbia Rd Bournemouth Palmer Snell 01202 805809 3. 3 bed terrace cul-de-sac £275,000 Corfe Mullen Goadsby Broadstone 01202 692145 4. 2 bed terrace off road parking cul-de-sac BH12 Sixpenny Close Palmer Snell 01202 805814
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September 2017 Property 19
For Sale Editor’s Picks
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Editor’s Picks Properties over £400,000
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20 Property September 2017
1. 5 bed detached £575,000 Coalpit Heath, Bristol AJ Homes, Bristol 01454 560022 2. 4 bed bungalow £579,950 Ashley Heath 3 rec dbl cons grg nr Moors Valley Goadsby Ringwood 01425 470283 3. 4 bed detached new build bi-folding doors £599,950 Southbourne Slades 01202 428555 4. 4 bed Farm House £439,950 Ferndown Seventy Two Blue 01202 375515
22 Property September 2017
For Sale Agents’ Apartments
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Agents’ Apartments 3
1. 2 bed grnd flr apt, terrace Lower Parkstone, Poole £233,950 Slades 01202 474202 2. Studio apartment immaculate £123,000 West Cliff Goadsby Bournemouth 01202 544666 3. 2 bed flat 1 en suite sea glimpses underground parking Poole £330,000 Palmer Snell 01202 8005830 4. 4 bed duplex harbour and Purbeck views garden double garage £640,000 Slades Christchurch 01202 474202
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September 2017 Property 23
For Sale New Build Showcase
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New Build Showcase Some of the best new local properties on the market
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24 Property September 2017
1. 2 bed luxury apartment underground parking Canford Cliffs £475,000 Luxury and Prestige 1202 007373 2. 2 bed 1st floor apartment Ferndown £275,000 Connells 01202 861677 3. 2 bed detached bungalow £275,000 Canford Heath Poole Austin & Wyatt 4. penthouse Poole £545,000 Luxury and Prestige 01202 007373
25 Property September 2017
For Sale International Property
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nternational Property Exotic, picture postcard holiday homes for you in far away places.
1. 2 bed 2 bth apt u’grn d pkg, pool, sauna, gym Marbella, Sp ain €220,500 Lovett International 01 202 303044
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ts Resort que Waterspor rnational 2. 2 bed apt Uni In 00 Lovell te ,0 99 €1 l So l Costa de 2 303044 tional.com 0120 LovettInterna
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eyard ool vin 9,000 p e s h 3 d 3. 6 be ot, France €5 81 L 71 6 acres th 0207 870 r o Winkw
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4. 4 b e Eyga d hse bu i liere s, Fra lt 2011 p Wink oo n wort h 020 ce €462,0 l 00 7 870 7181
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26 Property Summer 2017
For Sale International Property
rrevieja rn pool gym To 5. 3 bed apt fu 01202 971614 h Legal Homes €99,000 Spanis
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l e furn comnuna 6. 3 bed twn hs 00 ,0 alk beach €115 pools 5 min w 971614 2 20 01 es Hom Spanish Legal
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ot, France ed hse, pool L 7. 8 bed restor 70 7181 kworth 0207 78 €595,000 Win
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nd apt 4 pools u’gr 8. 3 bed 2 bth ish an Sp 13 ,7 €353 garage storage 202 971614 Legal Homes 01
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September 2017 Property 27
28 Property September 2017
To Rent Rental Beauties
4 bed seafront bungalow Southbourne £1825pcm Connells 01202 425852
Rental Beauties
4 bed detached Southampton £4250 pcm Austin & Wyatt 023 8181 0120
Nearly 2 out of 5 households rent their home
2 bed flat Parkstone £1150 pcm Austin & Wyatt 01202 805261
1 bed flat garage Southbourne £595 pcm Slades 01202 428555
29 Property September 2017
30 Property September 2017
Interiors Kitchens
The golden rules for buying a new kitchen Choosing a new kitchen can be a bewildering task. There are big variations in price, quality and service. These rules will help you make the best possible choice. Take your time
Your kitchen is the heart of your home and you’ll live with your choice (and in it!) for many years. Ignore any “special offers” a salesperson may use to pressurise you to buy a kitchen on your first visit to the showroom. Always sleep on it first; the offers will be there when you return.
Get at least two designs at different budget levels
They will show you around their workshops and you can see the quality of kitchens for yourself and you’ll be able to save money on a like-for-like basis.
Quality, like beauty, may only be skin deep
You may be surprised what you can afford. This will give you a clearer picture of what is right for you and help establish what budget you want to set.
Always check the quality of the carcass (the kitchen cabinet without the door and drawers), especially the density and thickness, the types of drawers and drawer runners, the type of hinge and the type of backs of cabinets .
Find out when the company was established
Choose between bespoke and standard cabinets
An older company is likely to be more reliable.
Check who the fitters work for
Are they sub-contractors or employed by the the company? Who do you actually pay? If an after sales service is required during the guarantee period, the company may blame the fitters and vice-versa. This can leave you with the problem unsolved, if you cannot establish who is accountable.
If standard kitchen cabinets don’t fit your existing room exactly, you can either accept that standard sizes of kitchen units may be cheaper or find a manufacturer who will supply and fit your new kitchen directly and will make the special sized cabinets to fit your room. You will pay a premium for bespoke sized units but they will always fit your kitchen better and look more attractive.
Check the timescales
Also ask to see an actual installation. This gives you a better idea of the quality and service you are likely to get.
The amount of time it will take to supply and fit your kitchen will vary depending on its size and the products you choose. Be wary of anyone who promises a very quick, or very slow, turnaround.
Think carefully about the design
Factor everything into the budget
Ask for references
PHOTO: MINIMAL KITCHENS
Find trade only companies selling directly to the public.
Plan views are old hat; a company should be able to offer you a 3D visual of your new kitchen. It’s always advisable to see your new kitchen in the style and finish of your choice before you actually buy it.
Think carefully about all the incidental expenses you’re going to have and make sure they are in your budget. Allow for things like: floor and wall coverings, curtains or blinds, lighting, and painting and decorating.
September 2017 Property 31
32 Property September 2017
Money Mortgages and Loans
Bridging Loans
Can I get a loan to bridge the gap between the sale of my existing property and the purchase of a new one?
How can I buy a new property when I haven’t sold mine?
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f your current property is worth more than the new one you may be able to raise a mortgage on it for the full cost of the new one. If you are eligible for a normal residential mortgage then you just need to make sure that the product you choose does not have any early redemption penalties, so you can sell your home and repay the mortgage without having to pay £1,000s for the honour. If you do not qualify for a standard residential mortgage then you may still be able to arrange a bridging loan. These can be secured either against your existing home or both properties and again would be repaid upon sale. They tend to be more expensive than a normal mortgage because of their short term nature. If the new property is more expensive then you will probably have to arrange a bridging loan on your current home to cover the deposit and a normal mortgage on the new property. Again you will need to make sure that the new mortgage gives you the flexibility to reduce the amount outstanding once you have sold your current home without being penalised.
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ts possible to raise funds using your existing property by arranging what is known as bridging finance. This is a short term loan secured on your existing property, which bridges the gap between the purchase of a new property and the sale of your existing one. Due to the short term nature of the loan, and having a clear exit strategy, your pension income should not be a major problem. With the circumstances outlined, it should be relatively straightforward to arrange, for instance, a 12 month bridging loan to be taken out using your existing home as collateral, with the loan being repaid upon its sale. It’s important to remember that you will also need additional funds to cover other costs such as stamp duty, arrangement fees and solicitors’ costs. If you are not comfortable with bridging finance, then I suggest you await until you have secured a buyer for your current home and complete the transaction for the new purchase simultaneously. I suggest that the next step would be to discuss your enquiry in more detail with an independent advisor.
Answers courtesy of John Charcol Charcol.co.uk. Answers are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them. September 2017 Property 33
ANSWERS COURTESY OF JOHN CHARCOL WWW.CHARCOL.CO.UK
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We own our home outright and have got it up for sale. I have now found a property I want to buy but haven’t sold mine, what can I do?
I have my property on the market for £230,000 and hope to sell it for £210,000. I am then looking to purchase a house in the region of £250,000 with my son. who can contribute up to £60,000. We have looked at properties and would like to buy one before my property is sold. Can you suggest a way we can do this? I do not want to put my present home at risk and couldn’t afford a mortgage on my state pension.”
Buy Let Money Buy to Let
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As a buy to let landlord, one of your key decisions is whether to take advantage of the services of a lettings agent. There are many advantages to hiring a letting agent including: An agent has more purchasing power Once the property is let, the agent when it comes to marketing than most can offer valuable services, from individual landlords, often advertiscollecting rent to handling mainteing on one or more of the biggest online nance (where they may have negotiated property search sites. This means they are discounts from preferred suppliers). likely to find you a tenant more quickly. An agent can provide you with invalAgents can also handle the negotiauable support to ensure you meet tions with would-be tenants – from your legal requirements as a landshowing them round the property to lord. Legislation is added and changed drawing up contracts – which can other- regularly. If you don’t keep up with the wise be time consuming and sometimes changes, it’s possible to find yourself operdaunting. ating on the wrong side of the law.
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The main drawback when employing a lettings agent is cost: up to around 15% of the monthly rent for full management. That cuts into your profits so do your sums carefully.
What do letting agents offer? Letting agents can often provide you with different levels of service including: FINDING A TENANT An agent will market your property and show interested viewers around until the agents finds someone who makes you a satisfactory offer. LETTING ONLY An agent finds a tenant and provides vetting services. The agent will also handle the legal aspects of initiating a tenancy: drawing up agreements, ensuring the tenant receives essential legal documentation, and collecting deposits. 34 Property September 2017
You take over once the tenant moves in. RENT COLLECTION In addition to the letting service, an agent can also assist by collecting rent and chasing arrears should the need arise. FULL MANAGEMENT As well as the above services, an agent can manage your property completely, arranging maintenance and acting as the tenant’s contact.
How to find a great letting agent The vast majority of letting agents provide vital services and support during what can be complicated and important processes where a mistake could prove extremely costly. To ensure you receive the best advice and services along with value for money, talk to a few agents preferably those recommended by people you know - and, if you’re not completely satisfied with the answers to your questions, walk away. If you need help finding a letting agent, you can obtain details of those in your area via the Association of Residential Letting Agents ARLA.co.uk or the National Approved Lettings Scheme NALScheme.co.uk Ideally, any agent you choose should be part of a recognised regulatory body such as ARLA or NALS. This way you can ensure your money is covered under a Client Money Protection (CMP) Scheme. These schemes ensure that should anything untoward happen to your funds you will be reimbursed. Not all agents will be covered by a CMP scheme; those that are will be endorsed as part of the Safe Agent Scheme. SAFEagents.co.uk