Property Monthly May 2023

Asking price £1,495,000

Property Monthly

Specialising in residential property, we offer a service that is unmatched by any other local Estate Agency. Collectively our sales force has over 40 years’ experience within the property industry. Our team are driven by ‘property & people’ building long lasting relationships with clients and buyers alike.

We are a bespoke Estate Agency with an exemplary reputation.

Ask the Negotiator with Sam Chinn

Spring 2023

Current economics affecting the property market

The Jersey property market has recently eased a little with prices reducing overall by an average of 12%, but overall it continues to hold pretty firm as we enter Q2. While mortgage providers have not increased their rates at the same level as the Bank of England, the movement of property here has slowed as the local market is taking time to right itself, with inflation not levelling off as quickly as first anticipated. Infact purchasers who are looking to buy property within the next 12 months, are having to adjust their lifestyle and expenditure to account for more expensive monthly re-payments, resulting from lower income multiples. Whilst this is not necessarily a negative standpoint for the property industry on the whole, for those currently house-hunting, it does however require a mental shift away from previously being able to choose from a wide range of readily-available low credit. Equally this has been compounded for the local investment sector too with recent policy changes from the States; those looking to buy second homes or buy-tolet properties will need to account for the newly introduced 3% increase for stamp duty and land transaction tax (above the typical standard rates payable) for such properties.

So how can we best help you?

Along with having more houses for sale in Jersey today than we have seen in the past 10-14 years, as agents watching all of these individual patterns shift and influence the market, we are finding there is a large gap in expectation between the sellers’ preferred price bracket (some of which are still similar to those of mid-last year) - and the buyers’ willingness to meet those prices. This change in the economy has materially affected the behaviour of both buyers and sellers across the varying levels with many buyers choosing to look for longer before committing to a property, plus they’re tending to wait for a lower price, which means that having a capable agent is now more critical than ever. Even with this greater need for flexibility from both sides of a transaction, it is crucial that our clients start with a realistic valuation from the outset and have an agent who can also navigate an effective negotiation for all parties concerned. Here at Thompson Estates, we have a successful and longstanding team with decades of continuous experience within the local market; not only do we provide excellent print & digital marketing across all platforms to attract buyers, we can also provide valuable insights as to how to make your property stand out in this fluid yet competitive market.

Please do get in touch to start the process with us today!

If you would like to discuss your property requirements, or would like an honest valuation, please call Sam on 07797 896864

COMING SOON

2X Bedroom apartments located across from the beach, and only a short walk to St. Aubin

Each has a good size terraced with sea views & parking for 2 cars

Asking £1,395,000 & £1,495,000

We take care of the rest

All viewings with prospective tenants are accompanied by an experienced member of our Lettings team.

Energetic marketing through our local office and digital channels including our website, property portals, social media and email databases.

Once we have found a prospective tenant, we will collect references and carry out credit checks. Once all paperwork is satisfactory, we will prepare the Lease Agreement (if required) and prepare a detailed Condition Report.

We’ll collect rent from your tenant(s) with funds transferred into your account each month. We’ll also handle the deposit and lodge this with My Deposits Jersey on your behalf.

Automatic re-marketing at least two months before the existing tenant leaves to ensure your property is less-likely to be untenanted for a period of time.

A full exit inspection which will include an Exit Report to ensure your property has been left in a good condition, no damage has been caused and that it has been professionally cleaned.

WANTED

All types of rental properties required for waiting tenants

All locations considered in all price ranges

St Clement Portlet

This stunning 3 bedroom seafront apartment is located in the much soughtafter Millennium Court and with panoramic sea-views, it is filled with natural light. It features 3 bedrooms, 2 en-suite, a fully equipped kitchen and a private balcony, perfect for soaking up the sunshine. Overall, this beautiful south-facing apartment offers a rare opportunity to live in one of the most desirable beach-side locations on the coast.

A gorgeous 3 bedroom, 3 bathroom high-end apartment is situated above Portelet Bay. Offering extended dining area and separate utility room. No expense spared in remodelling to include new bathrooms, a brand new kitchen/ pantry, plus new oak flooring and carpets throughout. With direct beach access nearby, plus a communal tennis court and beautiful cliff-path walks too. 2 secure undercover parking spaces, a private store room and lift access to all floors.

St Martin

This is the last remaining unit within Vantage - an exquisite development of 3 separate residences, designed with a captivating blend of modern convenience and sophisticated luxury. Each home offers unparalleled details; direct lift access to every floor, secure garage parking for 3 cars, 2 store rooms and private outdoor terraces with sea views towards France. Measuring 2,243sq.ft, this apartment offers 3 bedrooms and a study, set over 3 floors. From intelligent home automation and a private wine cellar with beautifully crafted bespoke joinery, these modern residences at Vantage are designed to complement your lifestyle perfectly.

St Martin

Asking Price ~ £2,950,000 FC030

Bonaguil, a unique rural estate which offers a traditional Jersey farmhouse & barn is situated in the heart of St Martin. With plans passed for a full refurbishment, the main house has retained many original features and currently consists of 5 bedrooms and 3 reception rooms. There is a separate 2 storey granite barn with plans submitted to be a 3 bedroom, 2 bathroom home, whilst the plot offers a 6 vergee orchard, woodland cotil, traditional pigsties, a 1950s greenhouse and parking for 4-6 cars.

St Ouen Trinity

Asking Price ~ £3,995,000 FC020

A fabulous 5 bedroom, 5 bathroom granite farmhouse. Offering a sizeable living room, separate lounge/games room and a large family kitchen, all with granite fireplaces. Leading to an enclosed and private, south-facing garden with a heated swimming pool. Adjacent to the house, the former stable block is now converted to an ideal home office. Agricultural field, various sheds, triple garage and ample courtyard parking.

Asking Price ~ £4,650,000 FC056

Les Cateaux is a fabulous 5 bed/3 bath country home. Offering character throughout and scope to create extra accommodation for a growing family. Additionally, a detached studio cottage, enclosed courtyard with a swimming pool/pool-house and an undeveloped 90ft barn, with plans previously passed for 3 additional dwellings. Mature manicured gardens to the front with a large lawn to provide perfect entertaining space in the warmer months. Ample parking.

Asking Price ~ £2,850,000 FC080

Asking Price ~ £1,495,000 FC006

Asking Price ~ £2,250,000 FC084

FLYING FREEHOLD

FLYING FREEHOLD NON-QUALIFIED

AGENT

St Mary

Asking Price ~ £6,300,000

A magnificent 7 bedroom country residence located in St Mary’s Village, Ladies Walk is approached via electric gates. This former farmhouse offers c6,000 sq.ft of accommodation. A comfortable lounge and sitting room lead through to the kitchen, with a large central island and banquette seating. There is a separate orangery-style dining room and also a cosy snug/TV area beyond. Behind this is a

useful concealed pantry offering plenty of storage and bi-folds open onto the pool terrace, gym and tennis court. Upstairs, the master suite is sizeable with a luxury en-suite and there are 3 further en-suite bedrooms, with a large open flexible space on the second floor. There is an integral 1 bedroom flat above the 3 car garage. Separately, there is a gym, shower room and changing facilities, plus outdoor tennis court and heated swimming pool. Mature gardens & 15 vergees of agricultural fields provide total privacy, all within walking distance of St Mary’s Village.

St John St Brelade

This beautiful, refurbished country residence of approximately 14,000sq. ft. provides the ultimate luxury living experience. With 4 elegant bedrooms, a family kitchen, wow-factor home cinema, indoor pool complex and gym. Externally offers 35 acres of stunning gardens and a gated entrance leads to two detached garages, one with a one bedroom flat above.

WANTED

4 bedroom property with a full sea view in St Brelade

Buyer waiting with funds up to £3,500,000

Please contact Kate in complete confidence on 07797 748810

One of Jersey’s most exclusive properties measuring c10,885sq.ft. Eagles Rest is set in an elevated position surrounded by 5.5 vergees of gardens with beautiful sea views. Offering a huge kitchen, dining area with large doors that open onto the terrace and lawned amphitheatre. 6 amazing bedroom suites plus a separate 2 bedroom apartment as well as triple garaging and ample parking. Includes a newly installed outdoor heated swimming pool, a large gym and spa area.

748810

711190 FREEHOLD FREEHOLD

Kate

Ghazi 07797