Property Monthly
Les Beaux Champs, Trinity A New Luxury Gated Development See Page 17
July 2020
Issue No. 188
Stay Connected!
NEW NEGOTIATOR We are delighted to welcome Matthew Glazebrook to our team as our new Associate Negotiator! Matt has lived in Jersey for over 8 years having moved over from Canterbury. He started out in the fitness industry, then moved into different sales environments including customer relations and sales management. Matt is an Arsenal fan, and enjoys keeping fit and active including running, tennis and boxing. He’s also on the committee of the Grouville Football Club and manages the reserves. When he’s not busy running around a football pitch, Matt likes to think of himself as not only the BBQ King, but also as a beer and wine connoisseur, so much so that he’s built himself a bar in his garden! Whilst Matt has been learning the ropes of Estate Agency, he’s built up a fantastic reputation with both vendors and purchasers alike, as well as securing sales and fantastic sole agency instructions. If you are interested in selling your property, or would like to discuss your requirements, please give Matt a call.
MATTHEW GLAZEBROOK Associate Negotiator 01534 707909 07797 737773 matthew@thompsonestates.com
KERRY PHILLIPS Director 01534 707914 07797 825122 kerry@thompsonestates.com
MARK GRIMES Associate Negotiator 01534 707921 07797 736514 markg@thompsonestates.com
CHRIS SOKRATI Director 01534 707917 07797 719792 chris@thompsonestates.com
JAMES CUMMING Associate Negotiator 01534 707912 07829 835076 jamesc@thompsonestates.com
WEB
SOLE
www.thompsonestates.com
sales@thompsonestates.com
TEL
LAST REMAINING
FLYING FREEHOLD
£249,000
SHARE TRANSFER
£279,000
APARTMENT
St Helier
1
1
0
3
SOLE
SHARE TRANSFER APARTMENT
01534 888855
RES096
£295,000
APARTMENT
St Helier
1
1
0
St Saviour
1
RES005
1
1
RES047
INVESTMENT ONLY
WANTED Renovation projects in all areas of the island. Buyers waiting. FLYING FREEHOLD
FLYING FREEHOLD
Up to £450,000 £299,950
APARTMENT
£325,000
APARTMENT
St Helier
2
1
0
RES101
St Peter
1
1
2
Please call 01534 8888855
RES136
PARKING AVAILABLE TO BUY SEPERATELY
FLYING FREEHOLD
FLYING FREEHOLD
from £320,000 - £415,000
APARTMENTS
from £375,000 - £565,000
APARTMENTS
Harve Des Pas
1&2
1
BEACH HOUSE APTS
SOLE
SHARE TRANSFER
£375,000
COTTAGE
St Helier
1
1
1
RES118
Harve Des Pas
1&2
1
0-1
HALSEA APTS
4
WEB
NEW
www.thompsonestates.com
sales@thompsonestates.com
TEL
01534 888855
INVESTMENT ONLY
SHARE TRANSFER
£425,000
APARTMENT
St Helier
2
2
1
RES057
NEW
NEW & SOLE
SHARE TRANSFER
FLYING FREEHOLD
£418,000
APARTMENT
£380,000
APARTMENT
St Helier
2
1
2
RES152
St Helier
2
1
0
RES085
WEB
www.thompsonestates.com
sales@thompsonestates.com
NEW
NEW
FREEHOLD
SHARE TRANSFER
£425,000
DETACHED HOUSE
TEL
1
0
UNDER CONSTRUCTION
RES098
LAST 2 BED REMAINING
StHelier
2
1
1
FREEHOLD
£450,000
APARTMENT
£495,000
HOUSE
St Helier
2
RES049
NEW & SOLE
FLYING FREEHOLD
2
5
£439,000
APARTMENT
St Helier
2
01534 888855
1
RES169
St Helier
2
2
0
RES046
6
WEB
www.thompsonestates.com
SOLE
LAST REMAINING UNIT
SHARE TRANSFER
FLYING FREEHOLD
£499,500
APARTMENT
sales@thompsonestates.com
2
1
RES058
£568,000
APARTMENT
2
2
SOLE
FREEHOLD
FREEHOLD
£585,000
St Clement
3
RES151
NEW & SOLE
HOUSE
1
1
RES029
1
2
RES077
£575,000
HOUSE
St Clement
3
£569,000
HOUSE
St Helier
2
01534 888855
FREEHOLD
St Helier
2
TEL
St Clement
3
1
1
RES086
NEW
FREEHOLD
FREEHOLD
£615,000
HOUSE
£575,000
HOUSE
St John
3
1
2
RES131
St Helier
4
3
0
RES034
WEB
www.thompsonestates.com
sales@thompsonestates.com
TEL
01534 888855
7
NEW & SOLE
FREEHOLD
FREEHOLD
£620,000
HOUSE
£625,000
COTTAGE
St Helier
3
2
2
RES013
St Saviour
2
NEW & SOLE
NEW
FREEHOLD
FREEHOLD
£650,000
DETACHED HOUSE
2
1
£685,000
DETACHED HOUSE
Grouville
3
1
3
RES059
SHARE TRANSFER
£675,000
APARTMENT
Castle Quay
2
2
1
RES130
RES016
St Helier Outskirts
3
1
3
RES072
8
WEB
www.thompsonestates.com
sales@thompsonestates.com
SOLE
SOLE
SHARE TRANSFER
FLYING FREEHOLD
£725,000
HOUSE WITH INCOME
5
1
RES061
FLYING FREEHOLD
St Brelade’s Bay
3
2
2
£895,000
£785,000
APARTMENT
Greve De Lecq
2
2
RES227/8
SOLE
FREEHOLD
£855,000
BUNGALOW
St Martin
3
1
RES087
SHARE TRANSFER
APARTMENT
2
01534 888855
£695,000
APARTMENT
St Helier
6
TEL
5
RES080
St Helier
2
2
2
RES067
WEB
www.thompsonestates.com
sales@thompsonestates.com
TEL
01534 888855
9
NEW & SOLE
FREEHOLD
FREEHOLD
£925,000
HOUSE
£945,000
HOUSE
St Brelade
3
3
4
RES003
St Helier
5
2
NEW & SOLE
NEW & SOLE
FREEHOLD
FREEHOLD
£995,000
DETACHED HOUSE
3
TWO GENERATION HOME
£1,025,000
DETACHED HOUSE
St Clement
5
4
5
RES051
RES024
St Brelade
5
3
6
RES018
10
WEB
www.thompsonestates.com
sales@thompsonestates.com
NEW & SOLE
NEW & SOLE
FREEHOLD
FLYING FREEHOLD
£1,050,000
DETACHED HOUSE
2
5
RES040
NEW & SOLE
FREEHOLD
£1,450,000
DETACHED HOUSE
Rural St Helier
5
3
10
RES030
01534 888855
£1,325,000
APARTMENT
St Martin
3
TEL
Portelet Bay
3
3
2
RES002
WEB
www.thompsonestates.com
sales@thompsonestates.com
TEL
01534 888855
11
SOLE
FREEHOLD
FREEHOLD
£1,395,000
DETACHED HOUSE
£1,500,000
DETACHED HOUSE
St Peter
St Mary
5
5
4
RES082
FREEHOLD
4
3
10
FREEHOLD
£1,600,000
TOWNHOUSE
£1,625,000
DETACHED HOUSE
St Aubin
3
RES115
3
2
RES073
Grouville
4
4
15
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RES007
12
WEB
www.thompsonestates.com
sales@thompsonestates.com
TEL
01534 888855
DEVELOPMENT OPPORTUNITY
FREEHOLD
FREEHOLD
£1,950,000
DETACHED HOUSE
£2,700,000
DETACHED HOUSE
Grouville
St Brelade
4
3
5
RES028
FREEHOLD
7
5
21
FREEHOLD
£2,750,000
DETACHED HOUSE
£2,950,000
HOUSE
St Peter
7
5
15
RES076
FREEHOLD
£2,995,000
DETACHED HOUSE
St Brelade
8
RES142
5
20
RES026
St Aubin
4
3
5
RES017
06/2020
After such a long period of isolation, it is so encouraging to see the Island slowly coming back to life again Full recovery could take a long time, and it is far too soon to be able to predict whether the new normal is going to be much different to the old version in respect of the property market and the availability of mortgages to fund that market
The Best Rates... During the past three months, interest rates have continued to fall as a result of the reduction to the Bank of England Base Rate to 0.10%, which is the lowest ever recorded in the Bank’s 326-year history. The interest rates that we are currently seeing, make purchasing property in Jersey extremely affordable, although the flip side of the coin is that the island is one of the more expensive places in the world. This is reflected in the publication of the most recent statistics on the Jersey House Price Index, which has shown a modest increase in the first quarter of this year, despite the massive disruption that has occurred.
This has certainly been reflected in the increase of new mortgage enquires we have received since mid-May, from buyers who have had offers accepted and are keen to move forward. The full impact of the lockdown may not be felt for some months, which means that the current trend could change if too many homeowners were to find themselves in the unfortunate position of losing their jobs and having to sell, so creating a short term glut due to oversupply. CHANGES IN LENDING CRITERIA With five main mortgage providers in Jersey, it has up to now been possible to achieve multiples on joint income of between 4.75 times and 7 times. In the current climate, mortgage providers are naturally going to be reluctant to offer any terms that might be regarded as risky, with the result that the higher income multiples have now been reduced. One lender has decided to reduce the maximum that it will offer to 80% Loan to Value, whilst other lenders have removed their 100% and 95% mortgages. Fortunately, we are still currently able to advise upon a 95% product, and it is also possible that as the market picks up pace, so the other lost products might be reinstated.
Pick of the Bunch
(% loan to property value/price)
75%
Tracker
0.85%
60%
2 year fixed
1.03%
60%
5 year fixed
1.25%
60%
7 year fixed
2.31%
85%
Tracker
1.20%
85%
2 year fixed
1.45%
85%
5 year fixed
1.78%
90%
Tracker
1.59%
90%
2 year fixed
1.70%
90%
5 year fixed
2.10%
95%
2 year fixed
3.09%
95%
5 year fixed
3.49%
60%
BTL 2 year fixed
1.35%
60%
BTL 5 year fixed
1.95%
www.mortgageshop.je
ESTATE AGENTS BACK TO WORK Estate agents are now able to start showing sale properties again and the feedback that we are receiving is that the market has become extremely active, and that asking prices are holding, despite earlier predictions by the Jersey Fiscal Policy Panel that we could see a reduction in value of at least 10%, although demand over supply in Jersey usually keeps the market buoyant.
A PERIOD OF CHANGE During the months ahead, we are going to witness many changes, in particular the way that lenders will transact their business. A sixth major lender is planning to open for business later this year which is great news for everybody. Whilst we are extremely well served at the moment by our current lenders, we remain vulnerable in the event of one of the existing banks deciding to pull out of the market, or to change its rates or lending criteria. The Mortgage Shop, as it has done for the past 30 years, continues to analyse and interpret the full range of mortgage options that are available from every lender in the Island, so ensuring that buyers and borrowers have access to the latest information allowing them to make the best informed choice. Our team has returned to being fully operational in our Broad Street offices – now able and accustomed to handling the process remotely, to ensure the safety of our staff and clients.
We can be contacted on 789830 or on info@mortgageshop.je
info@mortgageshop.je
Your home is at risk if you do not keep up with repayments on a mortgage or other loans secured on it
14
Lettings
QUALIFIED
QUALIFIED
£1,750 pm
APARTMENT
NON-QUALIFIED
£2,000 pm
APARTMENT
St Helier
2
2
1
REN029
QUALIFIED
2
2
1
£2,350 pm
3
3
REN050
St Ouen
3
2
2
£2,500 pm
APARTMENT
£2,750 pm
APARTMENT
St Helier
2
REN080
QUALIFIED
St Saviour
3
REN060
QUALIFIED
HOUSE
£2,300 pm
HOUSE
St Helier
2
1
REN088
Grouville
2
2
2
REN018
Studios. Apartments. Luxury Houses. Our lettings & management have got it covered.
Call Us: 01534 888855 Or Email: info@thompsonlettings.com
www.thompsonlettings.com Lettings
15
JERSEY
GAIN IMMEDIATE RESIDENTIAL ACCESS INTO JERSEY! If you would like to live in a beautiful island with sandy beaches, a low crime rate, no inheritance tax or charge for death duties, an excellent education system and Michelin Star restaurants, then Jersey could be the place for you. Here is a selection of properties available to purchase by non Jersey residents. If you would like to discuss our housing qualifications further, or if you have any questions, please give Rebecca a call on 07797 751527 or Victoria on 07912 480148. NON-QUALIFIED APARTMENTS
St Helier
From ~ £775,000 - £875,000 PARK HEIGHTS
NON-QUALIFIED 5 BEDROOM HOUSE
St Lawrence
Asking Price ~ £3,750,000 FC018
NON-QUALIFIED 4 BEDROOM HOUSE
St Mary
Asking Price ~ £3,600,000 FC083
NON-QUALIFIED 6 BEDROOM MANOR HOUSE
St Peter
Asking Price ~ £3,250,000 FC063
TEL: 01534 840022
www.fineandcountryjersey.com
17
JERSEY
Les Beaux Champs
Prices from £1,550,000 - £2,650,000
Les Beaux Champs is an exclusive gated development of four houses situated inTrinity, within easy reach of the town centre, private and parish schools and Jersey Airport. Local developer,The Siena Group, have teamed up with Jersey’s best designers, craftsmen and engineers to offer the highest quality houses with the most up to date technology that Jersey has seen in recent years.The individually designed Georgian style and barn style homes are complemented by majestic architecture, elegant interiors and stunning landscaping.The location is designed to take advantage of the south facing aspect and natural countryside.
Purchase Off Plan - Completion Autumn 2020 Unit 1 - Asking £1,550,000 - Approximately 2,952 sq.ft. Unit 2 - Asking £1,650,000 - Approximately 3,296 sq.ft. - Under Offer Unit 3 - Asking £2,650,000 - Approximately 4,012 sq.ft Unit 4 - Asking £2,650,000 - Approximately 4,067 sq.ft.
DEVELOPMENT OPPORTUNITY
St Aubin
Asking Price ~ £1,200,000 FC024
A stunning 2 bedroom, new build duplex penthouse apartment forming part of an exciting new development located on the charming high street in St Aubin. Only a short stroll down the hill is St Aubin’s Village and harbour where a plethora of excellent restaurants, cafes, bars and shops can be found. Accommodation is set over 2 floors with an open plan kitchen/lounge forming the top floor and giving access to a large sun terrace where breath-taking sea views over St Aubin’s Bay can be found.The lower level offers 2 bedroom suites. The development comprises 4 houses and 4 duplex apartments all with private parking and sea views over St Aubin’s Bay.The apartment has lift access from the carpark.
St Brelade
Asking Price ~ £2,100,000 FC010
Enjoy one of the most beautiful sea views in Jersey as well as magnificent sunsets every night from this elevated site located just above Petit Port Bay facing west towards St Ouen’s Bay. Currently a detached bungalow situated on exceptional grounds, in need of updating or demolition. Briefly comprising: kitchen, separate utility, house WC, dining room, sitting room, conservatory, study, four double bedrooms and two bathroom suites. Most principle rooms enjoy the sea views as well as the large gardens around the property. Alternatively, the opportunity to create your dream home in one of the best west coast locations should not be missed! Please contact Fine & Country Jersey for further details of a 7000sq. ft house (subject to planning approval).
TEL: 01534 840022
www.fineandcountryjersey.com
18
JERSEY
St Peter
Asking Price ~ £2,200,000 FC068
Constructed in the 1800’s, this traditional 4 bedroom Jersey home is presented in beautiful condition and offers over 3,500 sq.ft of flexible accommodation that lends itself to create a large second-generation unit within the existing property. Enjoying a quiet rural location, this attractive home is ideal for entertaining, benefiting from a large private garden, spacious terrace with bar area plus a heated swimming pool. Electrically operated gated access, detached double garage and parking for at least 10 cars.
St Ouen
Asking Price ~ P.O.A FC034
Le Canne is a contemporary modern home found in a quiet countryside area of St. Ouen, close to St Ouen’s Bay. It offers spacious, light accommodation throughout and at the heart-of-the-home is a new kitchen extension, which provides beautiful views over the swimming pool and garden.There are 5 bedroom suites, 2 of which are located on the ground floor and ample reception rooms. In addition to an outdoor heated swimming pool with safety cover and hot tub, the property also boasts excellent entertaining space, an outside heated shower, landscaped gardens and distant sea views from the master bedroom.
St Lawrence
Prices From ~ £2,250,000 FC051
West Grove apartments is a fabulous new block of four luxurious apartments, built to an exceptionally high standard. The two ground floor duplex garden apartments offer 3 double bedrooms, all with fitted wardrobes and 3 bathrooms. Each apartment has a double garage and ample visitor parking. Occupying the whole top floor is the penthouse, with 3 double bedrooms, fitted wardrobes and en-suite facilities, whilst the spacious lounge offers a panoramic view over St Aubin’s Bay. It benefits from a private triple car garage with its own power supply.
Gorey
Asking Price ~ £3,200,000 FC066
This magnificent 4 bed, 4 bath coastal home in Gorey offers timeless New England-style unlike any other, and it boasts truly spectacular interiors. Overlooking The Royal Bay of Grouville and Gorey Castle, this beautiful newbuild property is located directly opposite the beach, promenade and harbour which bustles with restaurants, shops and cafes. Spacious, light and airy, inside you will find accommodation set over 3 floors. It’s accessed through electric gates and its manageable front and rear gardens allow for an easy low maintenance lifestyle with a lock-up-and-leave emphasis. There is also room for a rear or front pool should the purchaser wish to put one in themselves.
TEL: 01534 840022
www.fineandcountryjersey.com
19
JERSEY
St Peter
Asking Price ~ £2,550,000 FC058
This state of the art, 5 bedroom house is set in picturesque surroundings whilst also being only a few minutes’ drive from amenities, schools and the airport. It forms part of an exclusive close of 12 newly built houses. The modern kitchen/ dining area is open-plan living at its best, with flexible accommodation including a playroom/cinema, cloakroom and large utility.The impressive first floor has the 4 generous en-suite bedrooms, and completing the ground floor is an integral garage which is approached from a gated driveway. All situated within a wraparound lawned garden where provisions for a pool have been considered.
St Lawrence
Asking Price ~ £4,500,000 FC065
This masterpiece approaches 8,000sq.ft and offers luxurious accommodation arranged over two floors. Use of natural materials is present throughout along with handmade cabinetry and the latest complimentary technology. Large floor to ceiling window gives an ‘inside-outside’ feel whilst offering excellent views over a contemporary water feature, pool and garden. Multiple reception rooms complement an ultra-luxury entertaining kitchen complete with a wine room.There are 4 bedroom suites and an independent staff/guest ground floor apartment, pool house, a vast 20 metre pool and a beautiful sunken outdoor living space.
St Ouen
Asking Price ~ P.O.A FC030
We are holding plans for a modern minimalist house of some 12,000sq.ft, located in an elevated position on the west coast of Jersey. With spectacular all round views, the house has been designed to blend inside and outside.The extensive use of glass results in a unique visual experience throughout the house ensuring that all rooms, including those in the ground floor, are flooded with natural daylight. Set in exceptionally large grounds of over 4 acres there are 10 bedrooms in total, a home office, gym, multiple reception rooms, triple car garage and an infinity pool.
St Brelade
Asking Price ~ £4,950,000 FC073
Cutting a modest figure from the roadside, this exemplary 4 bedroom residence, with private garden, garage and sea view sits in an elevated position on the St Brelade coastline. A modern architectural home incorporating state of the art features with exceptional accommodation.The immaculate, manageable south facing gardens have been expertly designed to provide year round interest, featuring a large pond, lawned area and amazing terrace which benefits from all day sunshine.There is a double garage with electric door, ample driveway parking and electric gates.The location is second to none, in an elevated position within walking distance of St Aubin, Ouaisne & St Brelade’s Bay.
TEL: 01534 840022
www.fineandcountryjersey.com
Tim, Dominique and Alby, St Ouen
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