LPR Central April 2016

REVIEW LONDON PROPERTY

EXCLUSIVE HOMES FOR SALE & RENT

APRIL 2016

Buy to let

Still a smart investment?

South coast scenery

World class living Duplex apartment at One Hyde Park DT LPR Cover April 2016.indd 1

C PR OU O N PA PE TR 43 GE R Y –7 S T Y 9

Canford Cliffs luxury home

15/03/2016 10:58

savills.co.uk

LE LA O

1 CHARMING AND BRIGHT SOUTH-FACING APARTMENT

pont street, sw1x

Entrance hall ø reception room ø dining room ø kitchen/breakfast room ø master bedroom suite ø further double bedroom ø shower room ø lift ø resident porter ø 125.4 sq m (1,350 sq ft) ø EPC=C

Savills Knightsbridge Katie Rumbellow krumbellow@savills.com

020 7581 5234 Asking £2.995 million Leasehold, approximately 60 years remaining

Savills OUTPUT.indd 1

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savills.co.uk

LETTINGS LAYOUT ONLY

1

PENTHOUSE APARTMENT SITUATED MID TERRACE ALONG EATON PLACE

eaton place, sw1

3 bedrooms ø 2 bathrooms ø reception room ø dining room ø kitchen ø private roof terrace ø direct lift access ø 151 sq m (1,628 sq ft) ø Council Tax=H ø EPC=C

Savills Sloane Street Izzy Birch-Reynardson ibreynardson@savills.com

020 7824 9005 Furnished £2,000 per week + £282 inc VAT tenancy paperwork fee and other charges may apply* *£36inc incVAT VATfor foreach each additional tenant/occupant/guarantor whereInventory required.

Inventory out fee end – charged at termination the end of or early termination *£36 additional tenant/occupant/guarantor referencereference where required. check out fee -check charged at the of or early of the tenancy and the amount is dependent on the property size and whether furnished/unfurnished. For more details, visit www.savills.co.uk/fees. of the tenancy and the amount is dependent on the property size and whether furnished/unfurnished. For more details including example inventory fee, visit www.savills.co.uk/fees.

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REVIEW LONDON PROPERTY

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April 2016

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REVIEW LONDON PROPERTY

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Cover Photo: © Aaron Nappin www.shutterstock.com

APRIL 2016

Buy to let

Still a smart investment?

South coast scenery

World class living Duplex apartment at One Hyde Park

C PR OU O N PA PE TR 43 GE R Y –7 S T Y 9

Canford Cliffs luxury home

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LONDON PROPERTY

REVIEW

THE PLACES…

THE PEOPLE…

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LONDON PROPERTY

REVIEW

Ask the expert

...buy to let specialist

Q

In light of the forthcoming increases in stamp duty and taxation,is buy-to-let still a good investment and how can I maximise my income?

Ben Newman, Savills Buy to Let Specialist..

A

As expected, we have seen a flurry of activity in the Buyto-Let market, with investors looking to complete prior to the 31st March deadline when additional homes purchases will incur an extra 3 per cent of stamp duty.

The three key Buy-to-Let drivers continue to be retirement planning, long term investment or as properties for children to use in the future.

Investors remain attracted to Buy-to-Let properties due to the prospect of good capital growth. In light of the change to mortgage interest tax relief being capped at 20 per cent, however, to be phased in from April 2017, many investors who purchase using debt are becoming far more focused on potential yields.

Investors with larger budgets looking to invest in Prime London residential markets are considering spreading their capital across multiple units of lower value, as opposed to purchasing one property for the combined value. This can help reduce your stamp duty liability.

Reducing your void period is also critical. I’d advise landlords to ensure your property is well presented on viewings to attract tenants quickly. If possible, try to market it between exchange and completion, to hopefully arrange a move in as soon as possible after the property completes.

The more you can reduce the period during which the property sits empty and earning no money, the better.

This is particularly relevant when purchasing a new home as a Buy-to-Let. With a significant pipeline of new build stock coming to the rental market, prospective tenants have a large variety to choose from, so make sure your apartment stands out from the crowd. A well dressed property is crucial to maximise the rental value, as you may be competing with other investors who have purchased very similar apartments in the same development.

You can offset some of the costs incurred against tax. Speak to an accountant to ensure you pay the correct amount of tax and, in some circumstances, if a different ownership structure might be more suited to your circumstances. Similarly, if your portfolio is geared (purchased using debt), make sure you have the right mortgage product and be prepared to shop around.

O M

Jonathan Hewlett Head of London Residential 020 7730 0822 jhewlett@savills.com

savills.co.uk

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LONDON PROPERTY

REVIEW

Contents

NEWS AND FEATURES

VIEW Leave or remain, London 14MARKET will flourish, reports Rupert Collingwood.

CHAPTER & VERSE Idyllic River Living.

14 Stunning houseboat on the Thames at Chelsea.

LONDON VOICE Landlords realise quality 15 furnishings are the way forward reports Archie Orr Ewing.

Open new doors Move with Savills

HOME FRONT Stamp duty increases have 15 not delivered for the Chancellor reports Jenny Knight.

LONDON EYE Check your insurance.

17 Millions of Brits leave prized possessions under insured MONEY Bothered by Brexit? Stay or leave 18 it shouldn’t make any difference to the UK property market reports Duncan Farmer.

BEST BUYS Fixed, discount or tracker – 18 check out the facts, figures and interest rates from our current top ten mortgages.

PROPERTY Coastal 44COUNTRY Panorama. Harbour Ridge, a gem in Dorset.

FOR SALE & TO RENT MARYLEBONE, MAYFAIR, PIMLICO, 20 BELGRAVIA, KNIGHTSBRIDGE, CHELSEA, SOUTH KENSINGTON,

HIGHBURY & ISLINGTON Prime London Square.Stunning refurbished and reconfigured flat with access to Queen’s Gate Gardens.

KENSINGTON, NOTTING HILL, 30 PADDINGTON, HOLLAND PARK, FULHAM, BROOK GREEN Stunning Family

Home. Exceptional Grade II listed home with indoor pool moments from Holland Park.

LETTINGS LOWDOWN Renting remains 84 the most effective method of securing a Prime London home, reports Rahim Najak.

02/03/2016 14:25

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savills.co.uk

LETTINGS LAYOUT ONLY

1

ARTIST STUDIO STYLE COTTAGE IN PRIME CHELSEA

glebe place, sw3

2/3 bedrooms ø 2 bathrooms ø reception room/kitchen ø study ø terrace ø 153.51 sq m (1,652 sq ft) ø Council Tax=H ø EPC=F

Savills Chelsea Sophie Tiarks stiarks@savills.com

020 7578 9011 Unfurnished £1,695 per week + £282 inc VAT tenancy paperwork fee and other charges may apply*

8

*£36inc incVAT VATfor foreach each additional tenant/occupant/guarantor whereInventory required.

Inventory out fee end – charged at termination the end of or early termination *£36 additional tenant/occupant/guarantor referencereference where required. check out fee -check charged at the of or early of the tenancy and the amount is dependent on the property size and whether furnished/unfurnished. For more details, visit www.savills.co.uk/fees. of the tenancy and the amount is dependent on the property size and whether furnished/unfurnished. For more details including example inventory fee, visit www.savills.co.uk/fees.

Savills OUTPUT.indd 3

15/03/2016 10:53

Property at your fingertips Download your digital edition now!

REVIEW LONDON PROPERTY

EXCLUSIVE HOMES FOR SALE & RENT

APRIL 2016

REVIEW LONDON PROPERTY

EXCLUSIVE HOMES FOR SALE & RENT

APRIL 2016

Buy to let

Still a smart investment?

South coast

REVIEWscenery

Canford Cliffs luxury home

APRIL 2016

World class living

Buy to let

Still a smart investment?

Duplex apartment at One Hyde Park

South coast scenery

C PR OU O N PA PE TR 43 GE R Y –7 S T Y 9

Duplex apartment at One Hyde Park

Still a smart investment?

South coast scenery

Canford Cliffs luxury home

Canford Cliffs luxury home

World class living

Buy to let

World class living Duplex apartment at One Hyde Park

C PR OU O N PA PE TR 43 GE R Y –7 S T Y 9

EXCLUSIVE HOMES FOR SALE & RENT

C PR OU O N PA PE TR 43 GE R Y –7 S T Y 9

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Eaton Place, Belgravia SW1 White stucco fronted, two double bedrooms and high ceilings in Eaton Place Located at the favoured western end of Eaton Place, the flat is on the second floor and benefits from very good ceiling height. In addition, there is also a separate room on the ground floor half landing comprising bedroom and shower room, which would make an ideal guest or staff flat. Master bedroom with en suite bathroom, second bedroom with en suite bathroom, reception room, dining room, kitchen, Grade II listed. Approximately 105 sq m (1126 sq ft).

Leasehold: approximately 24 years remaining

Guide price: £1,600,000

KnightFrank.co.uk/belgravia belgravia@knightfrank.com 020 3641 5905

@KnightFrank KnightFrank.co.uk

KnightFrank.co.uk/BGV150172

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2, 90 Eaton Place - Property Review Central April 16

15/03/2016 10:12

09/03/2016 12:26:35

SELLING HOMES LIKE YOURS ALL YEAR ROUND We pride ourselves on exceptional service and unrivalled market knowledge, with a global network of 417 offices accross 58 countries that can showcase your property to the widest possible audience.

To arrange a free market appraisal, call +44 20 3641 5902 or visit KnightFrank.co.uk/chelsea

Guide price: £1,200,000

Beaufort Mansions, Chelsea SW3 A spacious three bedroom flat on the third floor of this popular block of flats requiring modernisation. 3 bedrooms, reception room, bathroom, access to communal gardens. EPC: E. Approximately 92 sq m (991 sq ft). chelsea@knightfrank.com Office: 020 3641 5902

@KnightFrank KnightFrank.co.uk

Guide price: £925,000

Beaufort Street, Chelsea SW3 An immaculately presented two bedroom flat featuring fantastic open plan living space with kitchen and a balcony to the front and rear. 2 bedrooms, 2 bathrooms, reception room, 2 balconies. EPC: D. Approximately 49 sq m (527 sq ft). chelsea@knightfrank.com Office: 020 3641 5902

KF LPR Central OUTPUT.indd 2

LPR April Chelsea Prue

15/03/2016 10:12 09/03/2016 15:46:07

EXCEPTIONAL LOCATIONS We pride ourselves on exceptional service and unrivalled market knowledge, with a global network of 417 offices across 58 countries that can showcase your property to the widest possible audience.

If you are considering selling your property this year please contact us on 020 3641 5929 or visit KnightFrank.co.uk/knightsbridge

Guide price: £2,295,000

Richards Place, Chelsea SW3 A charming period cottage located in this quiet cul de sac, tucked away behind Brompton Cross.

2 double bedrooms, bathroom, reception/dining room, eat in kitchen, utility room, cloakroom, patio.

EPC: D. Approximately 89 sq m (959 sq ft). knightsbridge@knightfrank.com Office: 020 3641 5929

@KnightFrank KnightFrank.co.uk

Guide price: £3,995,000

Empire House, Thurloe Place, Knightsbridge SW7 With views over Brompton Oratory and the V&A museum, this stunning apartment offers the best in luxury living. 2 large bedrooms (both en suite), open plan reception/dining room, kitchen, entrance hall, cloakroom, lift, porter, communal roof garden. EPC: C. Approximately 127 sq m (1,374 sq ft). knightsbridge@knightfrank.com Office: 020 3641 5929

KF LPR Central OUTPUT.indd 3

Property Review half pager- Richards Place, 11 & Empire House

15/03/2016 10:12 11/03/2016 12:25:23

EXCEPTIONAL LOCATIONS We pride ourselves on exceptional service and unrivalled market knowledge, with a global network of 417 offices across 58 countries that can showcase your property to the widest possible audience.

If you are considering selling your property this year please contact us on 020 3641 6121 or visit KnightFrank.co.uk/southkensington

Guide price: £2,350,000

Onslow Gardens, South Kensington SW7 A rare to the market, two bedroom, first floor apartment located on one of South Kensington’s most desirable addresses. 2 bedrooms, bathroom, kitchen, reception room, private undemised terrace, direct access to communal gardens. EPC: C. Approximately 63.4 sq m (682 sq ft). southkensington@knightfrank.com Office: 020 3641 6121

@KnightFrank KnightFrank.co.uk

Guide price: £1,795,000

Barkston Gardens, Earl's Court SW5 A stunning apartment, refurbished to an impressive standard, offering wonderful open plan living space. 2 bedrooms, 2 bathrooms, kitchen, reception room, balcony, access to communal gardens.

EPC: D. Approximately 83.6 sq m (900 sq ft). southkensington@knightfrank.com Office: 020 3641 6121

KF LPR Central OUTPUT.indd 4

April Property Review

15/03/2016 10:12 08/03/2016 16:40:24

LONDON PROPERTY

REVIEW

marketview Leave or remain, London will flourish, reports Rupert Collingwood CEO of The London Search Company Ok it’s time to face up to the facts… We live in the greatest city on this planet, and you know what?

Leave or remain, London will flourish after the June referendum!

One could be forgiven, having read the headlines of the past two weeks, that it was time you went home, kissed your partner, hugged the kids and sat around in a circle singing sad songs and waiting for the end of the world.

The scaremongering has been quite something to watch: terrorist atrocities, migrant invasions, collapse of the economy, a resurgent Cold War and all other manner of civilisation ending consequences have been banded about by the remain camp. Yet the leave camp aren’t much better as they have so far, singularly failed to paint a picture of what life will be like outside the EU that amounts to anything more than “oh I’m sure it will be ok, because we won’t be in the EU anymore”.

The sad reality is that we, the people, face a choice that will be defining for this United Kingdom and its place in the world, and yet we have been given no facts, only conjecture on which to base our selection of remain or leave, and this is unlikely to change.

However, we go into the voting booths with one certainty: that it will all be ok. For those of us worried about property, we should remember that most of the buildings that we live in or walk past, have witnessed over 150 years of history including significant economic and political change, yet they still stand, and they are worth more today than they have ever done in the past.

If we remain, there is every chance that they will continue to grow in value either faster or slower depending upon the continuing machinations of the economy, the price of Sterling and, of course, London’s continued desirability as a leading world city.

If we leave, Britain steps up to the challenge of forging its own destiny. Yes the uncertainty may lead to Sterling falling, but that in turn will help exports not to mention boost our housing market as London property becomes more affordable to foreign buyers as it has ever been. Even if it doesn’t then, hey, the price of housing will fall, and for the first time in a generation, domestic buyers might, just might, have the opportunity to get on the ladder - something that can only benefit us as a nation in the years that follow.

Personally I am all for stepping out on our own, making a break for freedom. Like any great escape, there are obstacles in our path, but once we feel that fresh air on our face, we will realise we are unstoppable.

Idyllic life on the Thames Living on the water is a romantic notion and modern boats and moorings make it a practical one too. This idyllic way of life can come with compromises, but this is not so with Joseph Conrad. This beautiful two bedroom floating home offers over 2000 square feet of cleverly designed accommodation. A 30 metre Dutch barge, she was originally converted in the 1970s and was subsequently the subject of a complete and extremely extensive refurbishment some four years ago. This was a real nuts and bolts rebuild which took the boat back to a mere shell.

Re-hulled, rewired and refitted she is now a most beautiful home in which the quality of design is consistently matched by the quality of the materials and finish.

Entertaining is enhanced by Sonos zoned in every room and a state of the art John Cullen designed lighting system. The accommodation comprises a gloriously light-drenched open plan kitchen/reception of over 50 foot in length, two substantial double bedrooms, three extremely stylish bathrooms, a study area and an additional WC. The boat has been designed in such a way that if you require three bedrooms then the addition of a simple stud wall will create a generous double with en suite.

But what really continues to surprise is the incredible light and sense of space

here. There is nothing remotely pokey or compromised. So, finally, to the view and location. Arguably one of the most sought after addresses in the world, the boat is situated on what is considered the prime mooring, close to the entrance on Cheyne Walk. This makes her easily accessible and offers what has to be amongst the most glorious views of the river that London can afford. Joseph Conrad famously wrote the classic Heart of Darkness and this boat certainly comes into its own after dark as a glamorous entertaining space with spectacular views.

Cheyne Walk,Chelsea,SW10, £1,700,000 River Homes, Tel 020 8788 6000

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LONDON PROPERTY

REVIEW

LondonVoice

Archie Orr Ewing, Head of Lettings at Savills Notting Hill

I think it’s fair to say that, in recent years, the overall quality of London’s lettings properties has really improved. Landlords refurbish much more often and many people make the choice to rent rather than buy, taking advantage of the ease of renting and more predictable costs.

Traditionally, long term London renters would have preferred to bring their own furniture, but furnished properties are increasingly popular.

Relative to other global cities such as Paris and New York, London’s proportion of furnished long-term tenancies is much higher; these accounted for 70 per cent of our total rentals in the Notting Hill and Kensington areas last year.

With plenty of properties on the market, most landlords understand that theirs must be the best in class to attract good tenants and strong rent prices; the best presented properties always outperform more dated competition. As a result, landlords are increasingly willing to invest in good quality furnishings, knowing it will be well worth it in the long run.

Even at lower price points, many

landlords rent furniture for viewings to present the property well, but keep their options open to attract a wider range of tenants. At the higher end, many either speak directly to interior designers or enlist the help of Savills Interior Services to ensure their property stands out from the crowd, using features such as colourful artwork and patterned cushions. This is not limited to the most expensive properties; we are marketing four houses in Wellington Close and all, from the cheapest to the most expensive, are dressed to the same incredibly high standard.

In terms of the furnishings themselves, IKEA will no longer cut it; tenants expect well made and stylish furniture. We often advise landlords to keep things neutral, especially with wall colour, though many use pops of colour and character to attract positive attention. We recently let a house on Portobello Road with a fabulous water-proofed mural on a shower wall, which made it very memorable.

Character like this can transform a house into a home and evokes far more emotion for the applicants when viewing it than empty rooms and walls ever can.

homefront Buyers of high-end London homes, who have been stumping up extra stamp duty since December 2014, had the last laugh when they heard that the tax rise has led to a dramatic fall in tax receipts The news that since rates went up there has been a £620 million fall in stamp duty income, will go someway to making those who had to dig deep into their pockets feel better.

It was American president John Kennedy who explained the paradoxical truth that lower tax rates lead to a bigger take for Governments. But it seems our current Chancellor, George Osborne hasn’t got the message, yet and he is about to bash the property industry with a new 3% surcharge on second homes, on top of the increased stamp duty rates, which are up to 10% on homes worth £925,000 and 12% on those worth £1.5m.

Richard Gutteridge, Head of Savills Sloane Street: says: Over the past few years, this city¹s prime markets have been affected by successive stamp duty increases, particularly in prime central London where there is a high proportion of second home and investment purchases. The increased taxes are likely to mean that these areas will remain price sensitive over the course of 2016 and 2017, as the higher costs are absorbed.

In the mainstream buy-to-let market, where more purchases are funded using mortgages, the new additional homes stamp duty charge will compound the effects that the restrictions on mortgage interest relief will have on investor returns, and therefore their ability to expand their portfolios. This will increase the appeal for committed investors of buying in lower value, higher yielding markets.

Looking at the effects of the higher stamp duty rates introduced in the December 2014 autumn statement, total tax receipts to the government actually fell overall between January and October last year because the charge from lower value properties was reduced. If you break down the market into price ranges, in the £1m to £2m bracket receipts have risen by 17 per cent year on year, both in London and across England and Wales, and by 15 per cent in London for properties above £2m.

Despite this, the increase in tax take from higher value house sales is lower than the Treasury had forecast, so it has delivered less of an offset against the falls in receipts elsewhere. As a result a cut of the rate of duty at the top end is unlikely, as this would require an increase in stamp duty rates at the mainstream market.

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LONDON PROPERTY

REVIEW

Lond n eye Keeping you informed on latest property news and views

New property show on talkRADIO Martin Roberts, TV property expert, journalist and presenter of BBC One’s Homes Under the Hammer, is to host a new property show on talkRADIO, a new personality-driven speech radio station which launches on the 21st March 2016.

Gazumped with Martin Roberts (Saturdays, 11–1pm, Sundays, 5-7pm) will bring to life on-air colourful features on the property market, home improvements, celebrity and dream houses, the latest trends in décor and garden design and lots more.

Martin is one of the UK’s most respected property, travel and lifestyle TV presenters and journalists. He has presented Homes Under the Hammer for 13 years and regularly appears on ITV, CNN, Sky and BBC Radio.

Martin said: “People love to read and hear about the property market, so to bring an entertaining, magazine-style property show to talkRADIO is something that I’m really looking forward to. Where and how people live plays a fundamental role in their everyday lives, so we’re planning to tackle all aspects of property in a way that is informative and most of all, fun.” talkRADIO plans to shake up the speech radio category by bringing some of the boldest characters and content to the UK airwaves, with a range of high profile presenters at the helm including Eamonn Holmes, George Galloway, Paul Ross, Iain Lee and Julia HartleyBrewer.

Listeners need to retune their digital radio to pick up talkRADIO. For more information, visit talkRADIO.co.uk

Global house price increase The Knight Frank Global House Price Index* increased by 3% in 2015, up from 2.3% in 2014.

Concerns over the global economy in 2015 failed to dent buyer confidence; instead the lingering low interest rate environment influenced sentiment.

Kate Everett-Allen, partner, international residential research, Knight Frank says, “Forty-three of the 55 housing markets tracked in our Global House Price Index saw prices rise, up from 10 countries in the aftermath of the Lehman’s collapse in Q2 2009.”

Turkey leads the rankings with prices rising 18% during 2015. Increasingly viewed as a safe haven for Middle Eastern investors, Turkey is bridging East and West whilst also seeing strong population growth.

Buy-to-let deadlines fuel lending February has seen a further buy-to-let burst, powered by the upcoming EU Mortgage Credit Directive (MCD) and looming stamp duty surcharge, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

Overall house purchase approvals (seasonally adjusted) in February totalled 72,799, forming the second highest total since January 2014, which saw 75,691 loan approvals. February’s total also easily beat the average 71,173 approvals seen across the previous six months, in spite of a monthly 2.4% drop from 74,581 granted in January 2016.

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LONDON PROPERTY

REVIEW

Cash in the attic Millions of Brits are leaving their prized possessions exposed by failing to recognise the value of their home’s contents, according to new research from Direct Line Home Insurance.

Despite almost half (44 per cent) of those questioned admitting they find it difficult to estimate the value of their personal possessions, the study reveals that many are failing on basic protection measures such as keeping receipts for major purchases (46 per cent don’t) or photographing their home contents (85 per cent).

The findings suggest that many householders could be harbouring more valuable items than they realise. Almost a fifth (18 per cent) have admitted they have items they suspect are worth a small fortune, but have never had valued.

More than two in five (43 per cent) Brits own vintage or antique items, although almost half (46 per cent) admit they don’t know what they are worth. A further 41 per cent claim that the antiques or vintage items that they own are not accounted for in their home insurance. For some, such as the 17 per cent who own antique jewellery, these items may be priceless.

The study highlights a concerning trend of some homeowners being lackadaisical about the value of their contents. A third (32 per cent) of respondents admitted they have never even thought about having their possessions valued. For more than eight million (16 per cent) it was too little, too late as they only realised they were underinsured when they had an unfortunate event such as a fire, flooding or theft.

Katie Lomas, head of Direct Line Home Insurance, commented: “We urge people to regularly value their contents and make sure they are comprehensively insured on a policy that protects the full value of their prized possessions. For many the impact of under-insurance is only realised when it’s too late, but this is preventable.

“When purchasing expensive items –

TOP 10 MOST POPULAR ANTIQUES AND VINTAGE ITEMS OWNED BY BRITS...

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Jewellery Vinyl Ornament Picture Vintage toys First edition books Sports memorabilia Vase Pop memorabilia Table

whether it is a TV or a piece of jewellery – we would always advise people to keep a receipt. Regularly photographing the contents of your home is also an easy way to help keep a visual inventory.”

The study also revealed that one in six (16 per cent) have unwittingly given away high value personal items to friends, charity shops and other lucky recipients and only realised they were valuable when it was too late. This includes items such as clothing, first edition books and ornaments.

COMMENTARY

Lower oil prices will keep inflation in check, reports Harvey Cyzer, head of Knight Frank Mayfair and St James’s At the World Economic Forum in Davos, the chairman of Saudi Arabia’s state oil company said the current price of about $30 per barrel was “irrational “ and would recover in 2016. However, the world’s largest oil exporter said it would not cut production unilaterally, highlighting the complex dynamics that exist between oil producing countries that some believe will keep prices lower for longer.

Saudi and other oil exporters have created a supply glut to fend off competition from the shale gas industry and Alp Eke, chief economist at National Bank of Abu Dhabi, believes the oil price won’t hit $70 per barrel again until 2020. “I can’t see the good old days of $100 per barrel for even longer than that,” he told Knight Frank. “Iraq is rebuilding so won’t cut production and now Iran is free to export after the sanctions were lifted. The ability of the Saudis to influence the oil price is decreasing.

Even if they cut Iran won’t match it.” There are two significant implications for property markets: • First, a lower oil price will keep inflation in check, which will delay the moment the Bank of England raises interest rates, supporting demand for mortgages.

• Second, while some institutional capital is returning to or remaining in the Middle East to support the local economies, private individuals are more likely to buy property and other asset classes outside the region due to longer-term concerns about what the falling oil price may mean. “The oil price is the number one cause of anxiety in the GCC region,” said Eke. “Assets will be depleted and governments will introduce austerity measures and consider taxation,” he said.

This trend for outflows of private capital has parallels with what has taken place in China, with the Institute of International Finance reporting in January that outflows from China and emerging markets were larger than anticipated due to concerns over the country’s economic slowdown and outlook for the stock market.

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LONDON PROPERTY

REVIEW

Bothered by Brexit

money £ tip Homeowners looking to remortgage in coming months are in for a treat with several new lenders entering the market as well as traditional lenders formulating ambitious plans to increase market share.

The upshot is good news for borrowers who will find a plethora of attractive rates and improved criteria, along with pricing. With five-year Swap rates – the rate lenders pay to borrow five-year money – at less than 1 per cent, there are plenty of attractive five-year fixed deals in particular to tempt those remortgaging who are looking for the security of a fixed rate. Mortgage rates are arguably as close to the bottom as they can be so you could choose a lender with a fixed rate you can lock into once rates rise.

We are approaching the seventh year during which interest rates have not moved from 0.5 per cent but just because they are benign doesn’t mean borrowers shouldn’t take action.

Mark Harris, SPF Private Clients

Good sign Yorkshire Building Society has launched a two-year fixed-rate mortgage with a rate of 1.14 percent, making it the lowest on the market. It does come with a fee of £1,345 which may, for some borrowers, make loans with a higher rate more economical, but the good news is that it is a sign that rates will remain low for some time. Rachel Springall, from Moneyfacts, said: “The market rates for the lenders have been falling so I don’t think this the end of mortgage price falls.”

Stay or leave – it shouldn’t make any difference to the UK property market, suggests Duncan Farmer I am almost feel like apologising for the raising the subject of the EU referendum again, because many people will already have had enough of it, but the good news is that expert opinion seems to think, that at least as far as the property market and mortgages are concerned, borrowers will see little difference whether the UK chooses to remain of leave.

Chris Broadhead of the Building Societies Association, says: “Irrespective of the response to the EU question by the UK population on 23 June, the housing market in the UK will still be there afterwards. Consumers will still need and want to buy homes and building societies will be supplying mortgages. Clearly this market works best in the light of a healthy economy, which is something everyone can agree on.”

Ed Stansfield, of Capital Economics, whose predictions over the years have been remarkably accurate, says: “I have to confess that my own view is that the UK will do reasonably well if we’re in or outside of Europe.”

A survey by Emoov suggests that a third of buyers believe that property values will rise if we remain in the EU, but there are some, including HSBC, who believe that leaving would lead to inflation, a falling pound and therefore higher interest rates.

Stansfield says that the mortgage could survive some inflation and that things would have to be very bad indeed if we left before homeowners began to suffer.

“The fear doing the rounds is that currency will collapse to such an extent that it puts upwards pressure on inflation and inflation expectations. That means

interest rates could well go higher than you would otherwise think they would. All being equal, that would probably tend to choke off demand for mortgages.

“Since the Mortgage Market Review was introduced, the compulsion to stress test new mortgage products against a three percentage point rise in interest rates should give the market a degree of durability that we shouldn’t see a massive spike in defaults and payment problems and bank losses, so you wouldn’t necessarily expect that to feed into a credit crunch in the mortgage market.

You’d need to see the currency fall a very long way before that would become a big enough threat to the inflation outlook that the Bank of England would start to raise interest rates to the level that would start to cause problems.”

The London property market, says Stansfield, is slightly different. “It’s possible that the UK could be slightly less attractive for overseas buyers, in particular London.

So you could see some drying up of demand, particularly at the top end of the London market, as a result of that. I guess, to an extent it also makes it more difficult for house builders to get overseas workers in, who are a key part of the construction sector.”

The other big economic factor to bear in mind is that whichever way the vote goes, the “winner” will have to work very hard to keep the economy on an even keel.

If Britain votes to leave, David Cameron would almost certainly resign and Boris Johnson would almost certainly succeed him and be under enormous pressure to live up to the promises made during the referendum campaign.

Current Best Buy Mortgages

Fixed Rate – 2 years

Source: John Charcol Lender

Rate

Until

Rev. Rate

APR

Max. LTV

HLC

ERC

Product Fee

Exit Fee

Yorkshire B S

1.14%

30/4/18

4.99%

4.7% APR

65%

No

2/1% in 2 years. Can repay up to 10% p.a. ERC free.

£1,475

£90

Leeds

1.50%

30/6/18

5.69%

5.5% APR

75%

No

3/2% to 30/6/18. Can repay up to 10% p.a. ERC free

£1,999

£199

Free valuation

Leeds

1.55%

30/6/18

5.69%

5.5% APR

75%

No

3/2% to 30/6/18. Can repay up to 10% p.a. ERC free

£1,999

£199

Free valuation. On remortgages fee legal fees.

Leeds

1.75%

30/6/18

5.69%

5.5% APR

75%

No

3/2% to 30/6/18. Can repay up to 10% p.a. ERC free

£999

£199

Hinckley & Rugby

2.24%

2 years

3.99%*

5.1% APR

90%

No

Nil

£999

£150

*1.65% disc for 3 yrs. On remortgages free valuation and free legal fees.

Hinckley & Rugby

3.54%

2 years

3.99%*

5.2% APR

95%

No

Nil

£199

£150

*1.65% disc for 3 yrs. On remortgages free valuation and free legal fees.

Notes

18

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15/03/2016 11:07

LONDON PROPERTY

REVIEW Uncertainty in financial markets and domestic political concerns have moderated demand in prime central London, says Tom Bill

The only way is up The thirst for mortgages is back to its highest level since mid-2008. The number of mortgages approved for house purchases was 27 per cent higher than a year earlier, the British Bankers’ Association said, adding that investors were keen to complete purchases before tax changes. From the start of April, most owners in England and Wales will pay a 3 percent surcharge on stamp duty on purchases of buy-to-let properties and second homes.

numbercrunching

62%

1.14%

The number of mortgage brokers who want the UK to remain in the EU

The two-year fixed-rate mortgage from Yorkshire building society

2.89% £46,000

The average rise in London property prices last year, £10,000 more than the average salary.

The rate on First Direct’s ten-year fixed-rate mortgage

A combination of higher levels of stamp duty and volatility in global financial markets means demand for prime central London property has been subdued in the first two months of 2016. In particular, the start of the year has been overshadowed by fears surrounding the impotence of central banks. Indeed, the prospect of negative interest rates triggered a fall in the share price of European banks and spread uncertainty in markets already digesting low oil prices and a Chinese economic slowdown.

Buyers have adopted a wait-and-see approach as the negative headlines in the business pages combine with domestic political uncertainty in the shape of a London Mayoral election in May and an EU referendum in June.

As we discuss in more detail in the Macroview section on page 2, uncertainty ahead of the EU vote is likely to produce a “Brexit” effect irrespective of the outcome. As a result of these numerous imponderables, annual growth in prime central London eased to 1% in February after prices fell -0.1% from the previous month.

The half-year decline of -0.6% is the lowest rate since June 2009, as the market found its feet following the collapse of Lehman Brothers. The 1% annual increase is skewed by the relatively stronger performance of eastern markets including Islington, City and Fringe and South Bank. Prime central London markets in the boroughs of Westminster and Kensington & Chelsea have fallen by an average of -0.8% over the last year.

Fixed Rate – 5 years / Variable, including tracker and discount Lender

Rate

Until

Rev. Rate

APR

Max. LTV

HLC

ERC

HSBC

1.99%

30/4/21

3.94%

3.5% APR

65%

No

5/4/3/3/2% to 30/4/21. Can increase monthly payment by up to 20% ERC free

Product Exit Fee Fee £1,499

Notes

Nil

On remortgages free legal fees

Accord

2.49%

30/6/21

5.79%

5.3% APR

75%

No

4/4/3/2/1% to 30/6/21. Can repay up to 10% p.a. ERC free

£975

£90

Free valuation up to £695. On purchases £250 cashback. On remortgages free legal fees.

Accord

2.54%

30/6/21

5.79%

5.3% APR

80%

No

4/4/3/2/1% to 30/6/21. Can repay up to 10% p.a. ERC free

£975

£90

Free valuation. On remortgages free legal fees.

Hinckley & Rugby

2.79%

5 years

5.64%

5.2% APR

85%

No

5/4/3/2/1% in 5 years. Can repay up to 10% p.a. ERC free

£999

£125

Hinckley & Rugby

3.09%

5 years

5.64%

5.2% APR

90%

No

5/4/3/2/1% in 5 years. Can repay up to 10% p.a. ERC free

£999

Furness

3.99%

5 years

5.54%

5.3% APR

95%

No

5% for 5 years. Can repay up to 20% p.a. ERC free.

£199

£90

Purchase only

Principality

1.4% (3.59% disc)

30/4/18

4.99%

4.7% APR

65%

No

3% to 30/4/18.

£994

£155

Free valuation. On remortgages free legal fees.

Principality

1.5% (3.49% disc)

30/4/18

4.99%

4.7% APR

75%

No

3% to 30/4/18.

£994

£155

Free valuation. On remortgages free legal fees.

Hinckley & Rugby 1.65% (3.99% disc)

2 years

3.99%*

5.1% APR

85%

No

Nil

£999

£150

On remortgages free valuation and free legal; fees. *1.65% discount for 3 years

Hinckley & Rugby 2.24% (3.4% disc)

term

N/A

2.3% APR

90%

No

Nil

£999

£150

Free valuation. On remortgages also free legal fees.

2 years

4.69%*

5.3% APR

95%

No

3/2% in 2 years. Can repay up to 10% p.a. ERC free

£199

£199

Purchase only. Free valuation. *1% discount for 3 years.

Leeds

3.1% (2.59% disc)

Free valuation. On remortgages free legal fees.

19

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15/03/2016 11:07

MARYLEBONE MAYFAIR PIMLICO BELGRAVIA KNIGHTSBRIDGE CHELSEA SOUTH KENSINGTON

21 DT Knightsbridge.indd 1

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25 15/03/2016 11:08

LONDON PROPERTY

REVIEW

Nevern delight It seems difficult to imagine now, but up to a hundred and fifty years ago Earl’s Court was a rural area, covered with green fields and market gardens. For over five hundred years the land, part of the ancient manor of Kensington, was owned by the De Vere family, Earls of Oxford, descendants of Aubrey De Vere, who followed William the Conqueror to England in 1066.

The Earl held his Manorial Court where Old Manor Yard is now, just by the Underground station. Hence the name Earl’s Court.

In about 1604, the manor was purchased by Sir Walter Cope, Lord of the Manor of Kensington.

Through a series of marriages, the estate passed to the Edwardes, a Welsh family, who continued to own it until 1901, when it was sold and broken up.

Because their home county was Pembrokeshire in west Wales, when the Earl’s Court area was developed the Edwardes chose the names of Welsh villages – Nevern amongst them – for many of the new streets and squares.

Nestled in Nevern Square is a most charming, light, well presented 2 double bedroom flat. There is a large bathroom with separate walk in shower. The

sitting room is more than generous with sliding doors opening onto a balcony which runs the width of the property.With the added advantage of having no one above you, the leafy views over the communal gardens (to which you have a key) domnate.

Nevern Square is ideally situated for the underground,bus services,Heathrow as well as the extensive shops and restaurants that Earls Court,Gloucester Road and South Kensington have to offer.

Nevern Square, London SW5, £980,000, Rickett Tinne 020 7349 3070

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DT Knightsbridge.indd 3

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LONDON PROPERTY

REVIEW

Prime London Square Queens Gate Gardens was originally a part of three fields used as a nursey or market garden on the Alexander Estate.It was owned by Henry Brown Alexander from 1831 and developed by Charles Aldin around the time of the Great Exhibition.

The gardens were sometimes referred to as The Prince’s Gardens c. 1858 and later formally named Queen’s Gate Gardens. It is on this prime South Kensington square that a reconfigured and exceptionally refurbished two bedroom flat of 1,131 sq ft in a wide corner house has become available.

With a newly redecorated entrance offset to the other side of the building, the flat has three windows across the front facade and offers a superb high ceilinged entertaining space combining the very best of contemporary design with original period detail.

The communal gardens incorporate a rose garden,a network of quiet paths and a children’s play area.

Gloucester Road tube station and Hyde Park are just a few blocks away.

Queens’s Gate Gardens, London SW7, £2,995,950, Kaye & Carey, 020 7590 0066

23

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16/03/2016 09:31

LONDON PROPERTY

REVIEW

Ten Acre beauty Since the “gentrification” of Fulham Road between the Chelsea and Westminster Hospital and Beaufort Street, the Ten Acre Estate has become a hugely popular area to live in, especially for families. Within the estate is this stunning refurbished and well thought out family home situated on a quiet street. The house has been finished to an exceptionally high standard and has an abundance of light throughout.

Offering flexible accommodation the house currently consists of four double bedrooms, a large double reception,kitchen/dining room, study area and a pretty courtyard garden.

With the restaurants and bars together with the exclusive shops and galleries of the Kings and Fulham Roads nearby this Langton Street property is a perfectly situated family home.

Langton Street, SW10, £4,250,000, Savills Chelsea, 020 7578 9001

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Victorian family apartment This charming family apartment forms the major part of a handsome Victorian terraced house.Set over three floors,not counting the large loft presently used for storage and the combination of three inter-connecting tanked vaults with lighting and running water,found under the pavement at the front of the house, providing excellent further storage, ideal for wine, suitcases and papers.

The gracious well – proportioned drawing room,where sash windows allow the light to flood in, and a delightful Adam- style fireplace provides the focal point to this room. There are high double doors that open into the dining room/kitchen where six to eight people can sit comfortably surrounded by the family kitchen with ample storage.

The master bedroom and bedroom two are both good sized doubles, while the two further bedrooms are single,one presently used as a study. There is one en-suite bathroom to the master bedroom and

a family bathroom on the half landing leading up to the third floor.

Just in case you want a breath of fresh air, you will find a West –facing terrace that leads off the generous third floor landing.

Westgate Terrace is set close to The Little Boltons,with Gloucester Road to the North and Fulham Road to the South,and so benefits greatly from the many shops,restaurants and excellent transport facilities.

Westgate Terrace, London SW10, £1,745,000 , Rickett Tinne 020 7349 3070

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jackson-stops.co.uk

Albert Hall Mansions SW7 A raised ground floor apartment of 1,000 sq ft in a mansion block adjacent to the Royal Albert Hall, 0.6 miles from South Kensington underground station.

Reception room kitchen double bedroom bathroom 24 hour concierge

ÂŁ1,350,000 Leasehold

Mayfair 020 7664 6644

mayfair@jackson-stops.co.uk Offices in London & across the country

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16/03/2016 09:18

jackson-stops.co.uk

Warwick Square SW1V A fully refurbished penthouse apartment laid out over three floors, with far reaching views across London, located 0.3 miles from Victoria station.

Reception room kitchen/dining room 3 en suite bedrooms air conditioning

ÂŁ2,250,000 Leasehold

Pimlico 020 7828 4050

pimlico@jackson-stops.co.uk Offices in London & across the country

Jackson Stops Pimlico FP.indd 1

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16/03/2016 09:19

jackson-stops.co.uk

Ives Street SW3 A 27 ft deep terraced house located on a one way street, located 0.3 miles from South Kensington underground station.

Reception room kitchen 3 bedrooms bathroom shower room conservatory roof terrace patio EPC rating D

ÂŁ1,895,000 Freehold

Chelsea 020 7581 5881

chelsea@jackson-stops.co.uk Offices in London & across the country

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jackson-stops.co.uk

Embassy Works SW8 A collection of 37 studio, one and two bedroom loft apartments. This luxurious warehouse conversion exhibits exposed brickwork and period features showcasing its heritage, and the very best in contemporary interior design. EPC rating TBC Contact us to book your appointment to view the show home

Studios from £450,000 1 Beds from £550,000 2 Beds from £750,000

New Homes 020 7664 6649

newhomes@jackson-stops.com Offices in London & across the country

Jackson Stops Res Dev FP.indd 1

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16/03/2016 09:21

KENSINGTON NOTTING HILL PADDINGTON HOLLAND PARK FULHAM BROOK GREEN SHEPHERDS BUSH

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32 15/03/2016 11:09

LONDON PROPERTY

REVIEW

Flooded with light This house really does have the “wow” factor in all senses of the word. Extensive glazing floods the house with light,helped by the double height ceilings. You enter the house to a beautiful tiled hall with reception rooms either side.

The lower ground floor offers a splendid open plan living area and a Smallbone kitchen with Miele appliances. The first floor has four large bedrooms with two bathrooms, one being en-suite. The huge master bedroom suite covers the whole of the top floor. Additional features include underfloor heating almost throughout, Cat 6 wiring and an intercom system.

Cranbury Road is located off Wandsworth Bridge Road and New Kings Road.The nearest underground stations are Parsons Green,Fulham Broadway and Imperial Wharf.

Cranberry Road SW6, £2,800,000, Winkworth 020 7731 3388

www.finlaybrewer.co.uk

F I N L AY BREWER

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LONDON PROPERTY

REVIEW

Fit for an Earl This stunning six bedroom Grade II listed family home situated in Earls Terrace covers circa 5,000 sq ft.

Living accommodation includes three bathrooms, a drawing room,dining room and spacious kitchen/breakfast room.

There is a wonderful indoor swimming pool under the exceptionally large south facing garden, which is accessed directly from the house.

Underground parking is provided for two cars.

Additionally residents of Earls Terrace also have access to and use of the

plendid gardens of Edwardes Square which was awarded Best London Square in 1999 and was given a Restoration and Conservation Award by the Royal Borough Of Kensington & Chelsea.

Earls Terrace is located towards the western end of Kensington High Street and is within a few hundred metres of the open spaces of Holland Park.

Earls Terrace, Kensington W8, ÂŁ9,750,000, Knight Frank, 020 7938 4311

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BROOK GREEN 138 SHEPHERDS BUSH ROAD W6 7PB SHEPHERDS BUSH 113 ASKEW ROAD W12 9AS ACTON 27 CHURCHFIELD ROAD W3 6BD

www.finlaybrewer.co.uk

MELROSE GARDENS W6 PRICE ON APPLICATION • • • • •

BROOK GREEN 020 7371 4171

FREEHOLD • • • • •

5/6 DOUBLE BEDROOMS DOUBLE RECEPTION KITCHEN/BREAKFAST ROOM MEDIA/PLAYROOM/BEDROOM 6 STUDY

2 BATHROOMS (1 EN SUITE) 2 SHOWER ROOMS UTILITY 30’ WALLED GARDEN EPC RATING E 53

WOLVERTON GARDENS W6 PRICE ON APPLICATION FREEHOLD • • • • •

• • • • •

4 DOUBLE BEDROOMS DOUBLE RECEPTION BESPOKE KITCHEN/DINING ROOM MEDIA ROOM PLAYROOM/FAMILY ROOM

LOCAL

BROOK GREEN 020 7371 4171

.

BATHROOM 4 SHOWER ROOMS (3 EN SUITE) UTILITY WEST FACING PATIO GARDEN EPC RATING C 71

INDEPENDENT

.

I N V O LV E D

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HIDE MEWS W6 GUIDE £2.5M FREEHOLD • • • • •

BROOK GREEN 020 7371 4171

• • • • •

3/4 BEDROOMS FABULOUS LOFT STYLE RECEPTION KITCHEN/BREAKFAST ROOM SPACIOUS BATHROOM EN SUITE SHOWER ROOM

UTILITY ROOM DECKED TERRACE COBBLED GARDEN OFF STREET PARKING EPC RATING D 65

ROWAN ROAD W6 GUIDE £2.3M FREEHOLD • • • • •

• • • • •

5 BEDROOMS DINING ROOM KITCHEN/BREAKFAST ROOM 1ST FL RECEPTION BATHROOM

LOCAL

BROOK GREEN 020 7371 4171

.

SHOWER ROOM UTILITY AREA GUEST CLOAKROOM PAVED AND WALLED GARDEN EPC RATING E 54

INDEPENDENT

.

I N V O LV E D 35

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BROOK GREEN 138 SHEPHERDS BUSH ROAD W6 7PB SHEPHERDS BUSH 113 ASKEW ROAD W12 9AS ACTON 27 CHURCHFIELD ROAD W3 6BD

www.finlaybrewer.co.uk

SULGRAVE ROAD W6 GUIDE £2.1M FREEHOLD • • • • •

5/6 BEDROOMS DOUBLE RECEPTION FULL WIDTH KITCHEN/BREAKFAST ROOM FAMILY BATHROOM SHOWER ROOM

BROOK GREEN 020 7371 4171

• • • •

STUDY/BEDROOM 6 GUEST CLOAKROOM PRIVATE WALLED GARDEN EPC RATING D 62

HEBRON ROAD W6 GUIDE £1.8M FREEHOLD • • • • •

• • • • •

4 DOUBLE BEDROOMS DOUBLE RECEPTION KITCHEN/BREAKFAST ROOM FAMILY BATHROOM CONTEMPORARY SHOWER ROOM

LOCAL

BROOK GREEN 020 7371 4171

.

FULL WIDTH CELLAR GARDEN SIDE ACCESS POTENTIAL TO EXTEND STPP EPC RATING E 50

INDEPENDENT

.

I N V O LV E D

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ST. DUNSTANS ROAD W6 £975 PW / £4,225 PCM • • • • •

LETTINGS 020 7371 4071

• • • •

LOVELY BRIGHT FAMILY HOME 4 DOUBLE BEDROOMS DOUBLE RECEPTION WITH WOOD FLOORS LARGE EAT-IN KITCHEN WONDERFUL MASTER SUITE

2 FAMILY BATHROOMS (ONE EN SUITE) GOOD SIZED GARDEN & BALCONY MINUTES FROM BARONS COURT TUBE EPC RATING D 62

STERNDALE ROAD W14 £1,375 PW / £5,958 PCM • • • • •

LETTINGS 020 7371 4071

PRIME BROOK GREEN LOCATION LOVELY FAMILY HOME 2 FLOORS OF LIVING SPACE WITH WOOD FLOORS 4 DOUBLE BEDROOMS FURTHER DOUBLE BEDROOM/STUDY

LOCAL

.

• • • •

FAMILY BATHROOM & 2 SHOWER ROOMS SOUTH FACING GARDEN & ROOF TERRACE WELL LOCATED FOR HAMMERSMITH & SHEPHERDS BUSH EPC RATING E 41

INDEPENDENT

.

I N V O LV E D 37

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jackson-stops.co.uk

Addison Avenue & Carson Terrace W11 A fully extended home, incorporating a mews property to its immediate rear.

Main house: 2 reception rooms kitchen/dining room 4 double bedrooms 2 bathrooms WC utility room 62 ft garden summer house EPC rating D Mews house: reception room kitchen 2 double bedrooms 2 shower rooms garage EPC rating D

ÂŁ11,500,000 Freehold

Holland Park 020 7727 5111

holland.park@jackson-stops.co.uk Offices in London & across the country

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15/03/2016 15:49

jackson-stops.co.uk

Holland Park W11 A one bedroom flat of approximately 742 sq ft, located just 0.2 miles from Holland Park underground station and the amenities of Holland Park Avenue.

20 ft long reception room kitchen double bedroom bathroom hallway access to communal gardens EPC rating D

ÂŁ1,085,000 Leasehold

Holland Park 020 7727 5111

holland.park@jackson-stops.co.uk Offices in London & across the country

Jackson Stops Holland Park FPx2.indd 2

39

15/03/2016 15:50

DT Exclusively South.indd 1

15/03/2016 11:11

LONDON PROPERTY

REVIEW

A Heaver des res Wanted: one large and lucky family to buy this exceptional double-fronted home close to Tooting Bec Common.

From the first glimpse of the mellow red brickwork and stylish period windows this house spells gorgeous and demonstrates why the Heaver Estate is so soughtafter.

The generous entrance hall with its tessellated floor leads into the principal reception room to the left, where high ceilings with cornicing and an ornate fireplace add to the wow factor.

To the right is the family room, which mirrors the reception room and has the additional benefit of a cupboard tucked away in the side return.

The extended, high specification kitchen and breakfast room lies at the rear of the property, complete with fitted units, integrated appliances and a central island. Double French windows lead out into the 47-foot south-facing landscaped garden, which is partly paved and makes an ideal space for alfresco dining.

The master bedroom suite on the first floor features fitted wardrobes and steps down to a twin sink en suite bathroom with a free-standing roll top bath.

There are six further double bedrooms (one with an en suite shower room) arranged over the remainder of the first and second floors.

A garage and office above it are also for sale by separate negotiation.

Terrapin Road, Heaver Estate, SW17, guide price £3.25m, Savills Northcote Road 020 3428 2222

“The south-facing garden is partly paved and makes an ideal space for al fresco dining or a relaxing drink” Alexander Dwyer, Savills

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NO CARS

NO BOATS

NO RECIPES

just property

www.londonpropertyreview.co.uk

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COUNTRY PROPERTY

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Boasting panoramic views across Poole Harbour, Brownsea Island, Sandbanks Peninsula and beyond this stunning bespoke family home offers both spacious and versatile living space.Finished to the highest of specifications, this four bedroom,four ensuite bathroom property is located down a secluded private road and accessed via an electronically operated gaated entrance.The large driveway provides off road parking for several vehicles ,whilst the double garage has both power and light.The high specification of this superb property includes Lutron lighting,under floor heating and audio ceiling mounted speakers throughout.

Outside the stunning rear garden has been beautifully landscaped and has a large decked area with stone steps leading down to a lovely lawned area, which is surrounded on different levels by a vast array of mature planting and flower beds.There is outside lighting throughout the garden and steps leading up to the front of the property.

With both Canford Cliffs village and some of the best beaches of the south coast moments away, Harbour Ridge could not be better situated.

Harbour Ridge, Canford Cliffs, ÂŁ3,000,000 Tailor Made 01202 706006

C OUN TRY P ROPERT Y

Coastal panorama

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LONDON PROPERTY

REVIEW

Surrey garden splendour The stretch of the North Downs in Surrey between Leatherhead and Dorking became the focal point for the thousands of cycling enthusiasts during the 2012 summer Olympics. It was here that the road racers came face to face with the gruelling climb up to the summit of Box Hill with little if any time to take in the scenic beauty of the surrounding countryside. One of those lovely old Surrey villages along this stretch of the North Downs is Mickleham. With Box Hill just to the east and Ranmore Common to the west it is not surprisingly a designated an Area of Outstanding Natural Beauty.

With acres of land now under the stewardship of either Surrey County Council or the National Trust there is no shortage of walks and bridle paths and a good selection of pubs and restaurants to visit en-route.

Dorking is a busy, thriving town particularly noted for its antique shops, independent retailers and cafĂŠ culture. For over a century it has been associated with the worldrenowned Leith Hill Music Festival and is an excellent regional centre for the performing arts.

The Old Garden House is ideally located to benefit from all the area has to offer. It sits in a beautifully

landscaped mature garden and has views over the surrounding countryside.

This is arguably Surrey at its best.

There are plenty of good schools in the area; the M25 is just under 4 miles to the north and with regular train services from Leatherhead and Dorking into London Waterloo or Victoria, communications are excellent. The house itself is approximately 4,400 sq.ft with formal well-proportioned reception rooms as well as a large kitchen/breakfast room along with a family sitting room and study. A recent refurbishment has brought the property right up to date yet retained its character. In addition to the master bedroom suite there are 5 further bedrooms and 3 bath/shower rooms.

Outside the equestrian facilities include stabling, field barn, sand school and two paddocks. In all the property stands in about 5 acres.

This is the epitome of a house, built in the early years of the last century that has been brought beautifully up to date to meet the needs and demands of family life in the 21st century.

The Old Garden House, Dorking, guide price ÂŁ2,250,000, Jackson-Stops & Staff 01306 887560

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Don’t miss the first signs of spring.

Now’s when buyers and sellers alike come into bloom. In fact, a quarter of all property transactions take place between March and May. If you’re selling, it means more buyers. If you’re buying, more properties to look at.

And Strutt & Parker has the pick of both (including hundreds of buyers from overseas). Drop by for the brightest deals and the sunniest welcome at any of our 55 offices, or at struttandparker.com.

Country Department, 13 Hill Street, London, W1J 5LQ 020 3773 2896 | struttandparker.com 48

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struttandparker.com

West Sussex, Haslemere

Peace, privacy and elevated views within striking distance of Haslemere town.

Haslemere Station 1.2 miles (Waterloo 53 mins) Guildford 19 miles | Central London 48 miles

Guide Price ÂŁ4,000,000

About 7.2 acres Reception hall | 4 Reception rooms | Kitchen/ breakfast room | Master bedroom suite 7 Further bedrooms | 3 Further bathrooms Gym | Swimming pool | Pool house | Tennis court | Gardens and grounds | Woodland

Nicola Craddock Country Department

Daniel Burstow Guildford Office

020 3773 2896

01483 342 397 49

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struttandparker.com

West Sussex, Madehurst

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One of the country’s most unspoilt Georgian treasures in an arcadian setting with stunning views.

Chichester and Goodwood 9 miles Cowdray Park 14 miles | Gatwick Airport 35 miles Central London 59 miles

About 20 acres Halls | 4 Reception rooms | Study | Kitchen | Master bedroom suite with dressing room | 6 Further bedrooms | 2 Further bathrooms | Self contained wing with 3 bedrooms | 1 Bedroom cottage with games room | Outbuildings | Tennis court | Stables 4 Garages | Walled garden | Paddocks

Nicola Craddock Country Department

Paul Machell Chichester Office

020 3773 2896

01243 832 600 51

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West Sussex, Cowfold

A delightful and characterful detached Grade II listed farm house in a peaceful rural location.

Cowfold 2 miles, Henfield 5 miles, Horsham 9 miles, Brighton 16 miles, Gatwick 18.5 miles, London 44 miles.

Guide Price ÂŁ1,150,000

About 1 acre Entrance/dining hall | Study | Sitting room | Kitchen | 5 Bedrooms | 2 Bathrooms | 3 Bay open garage and enclosed garage/store | Former stable block with store/tack room and 2 stables

Ken Roberts Horsham Office

Edward Jackson Horsham Office

01403 886 794

01403 886 794

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Surrey, Woking

A stunning Georgian inspired house with separate annexe and large gardens.

Worplesdon Station 0.8 miles (Waterloo 34 mins), Woking 2.9 miles (Waterloo 28 mins), A3 3 miles, London 32 miles

Guide Price ÂŁ2,850,000

About 2.2 acres Hall | Drawing room | Dining room | Office Playroom | Kitchen/breakfast room | Principal bedroom suite | 5 Further bedrooms (3 ensuite) 4 Further bath/shower rooms | Fitness room Separate annexe | Double garage | Swimming pool | Workshop | EPC rating C

Colin Sharp Guildford office

Holly Pearn Guildford Office

01483 342 397

01483 342 397 53

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jackson-stops.co.uk

Buckinghamshire

Stoke Hammond

A classic Queen Anne Listed Grade II manor house.

People Property Places Jackson Stops Country OUTPUT.indd 1

•5 reception rooms •Kitchen/breakfast room •Cellar •Master and guest bedroom suites •2 further double bedrooms •Bathroom •Boarded attic with potential •2 detached double garages •Swimming pool •Garden and grounds •In all about 3.06 acres Guide price: £1,950,000

Woburn 01525 290 641 woburn@jackson-stops.co.uk Offices in London & across the country 15/03/2016 10:56

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Somerset

Dunster

A beautifully preserved sixteenth century manor house, Listed Grade II, with four letting cottages, all within enchanting gardens, within Exmoor National Park.

People Property Places Jackson Stops Country OUTPUT.indd 2

5 reception rooms •6 bedrooms (4 en suite) •4 fully furnished letting cottages •Outbuildings •and stables •3 garages •Heated swimming pool •Gardens •Ponds •Summerhouse •Paddock In all • about 4.539 acres

Guide price: £1,575,000

Taunton 01823 325 144 taunton@jackson-stops.co.uk Offices in London & across the country 15/03/2016 10:56

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Dorset A Scandinavian timber framed house, in a wonderful mixed woodland setting, designated an Area of Outstanding Natural Beauty.

People Property Places Jackson Stops Country OUTPUT.indd 3

•Hall •2 reception rooms •3 bedrooms •Bathroom •Garage block with workshop, studio, bathroom & sauna •In all about 15 acres •EPC rating E Guide price: £850,000

Shaftesbury 01747 850 858 shaftesbury@jackson-stops.co.uk Offices in London & across the country 15/03/2016 10:56

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jackson-stops.co.uk

West Sussex

Near Petworth

A substantial and characterful family house, Listed Grade II, set in beautiful gardens and grounds of about 8.5 acres.

People Property Places Jackson Stops Country OUTPUT.indd 4

room •Drawing room •Study •Sitting room/snug •Kitchen/breakfast/family room •Dining Master bedroom (en suite) •4 further double bedrooms •2 bathrooms •Tennis court •Swimming pool •Pool house •Paddocks •Stables •Garage and outbuildings •

Guide price: £2,250,000

Midhurst 01730 812 357 midhurst@jackson-stops.co.uk Offices in London & across the country 15/03/2016 10:57

michaelgraham.co.uk

Aspley Guise, Bedfordshire £1,750,000 Fast Find: 8122 Woburn Sands: 01908 586400

5

4

• 1920’s detached house • Double garage and 0.55 acre plot

@MG_Living

Michael Graham FPx4.indd 1

from M1 2.5 miles junction 13

4

/MGliving

10

miles from Milton Keynes

30

minutes from London Euston

• Conservatory and outdoor swimming pool • Energy efficiency rating: band E

For a free market appraisal visit michaelgraham.co.uk 15/03/2016 10:50

michaelgraham.co.uk

St.Ippolyts, Hertfordshire Guide Price £1,375,000 Fast Find: 7416 Hitchin: 01462 441700

5

1

miles from Hitchin

• North Wing of a Grade II Georgian property • Formal gardens and grounds of 1.5 acres

@MG_Living

Michael Graham FPx4.indd 2

3

3

/MGliving

from 2.5 minutes Hitchin Station

35

minutes from London Kings Cross

• Upgraded by current owners • Carport and Driveway parking

For a free market appraisal visit michaelgraham.co.uk 15/03/2016 10:50

michaelgraham.co.uk

Stony Stratford, Buckinghamshire £775,000 Fast Find: 7310 Stony Stratford: 01908 307300

6

4

• Modern Victorian style property • Annexe, garage and garden

@MG_Living

Michael Graham FPx4.indd 3

1.5

1

/MGliving

miles from A5 Old Stratford

4.5

miles from Milton Keynes

30

minutes from London Euston

• Open plan accommodation • Energy efficiency rating: band C

For a free market appraisal visit michaelgraham.co.uk 15/03/2016 10:50

michaelgraham.co.uk

Melchbourne, Bedfordshire £495,000 Fast Find: 7870 Bedford: 01234 220000

4/5

3

5

• Grade II listed duplex apartment • Use of swimming pool and tennis court

@MG_Living

Michael Graham FPx4.indd 4

2/3

/MGliving

miles from A6 Rushden

12

miles from Bedford

35

minutes from St.Pancras Intl.

• Use of 21 acres of communal grounds • Southerly countryside views

For a free market appraisal visit michaelgraham.co.uk 15/03/2016 10:51

Embracing forest, town & coast...

The New Forest’s leading independent Estate Agent

Glimpses of the Isle of Purbeck...

Downton, Lymington A beautifully modernised, high specification, four bedroom, four bathroom chalet house in this quiet, rural location enjoying a south westerly outlook and with glimpses of the Isle of Purbeck from the first floor.

£875,000 For more information please contact Julian or Jeremy Caldwell on 01590 675875 Beaufort House, 69 High Street, Lymington, Hampshire S041 9AL T: 01590 675875 W: www.caldwells.uk.com E: sales@caldwells.uk.com

Caldwells OUTPUT.indd 1

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15/03/2016 10:55

ESTATE AGENTS

Period Perfection

£249,999

Edwardian Splendour

£599,950

Grade 11 Listed with a wealth of character this period stone cottage is being offered to the spring market with a truly inspired, high quality interior with beautiful accommodation comprising entrance porch, spacious living room with a restored stone flag floor and a modern multi fuel stove burner set within an attractive fire place.

Corby 01536 409717

This quite exceptional three bedroomed detached residence enjoys significant architectural detail and merit of the Edwardian era, commanding a sizeable, private and secluded plot within the heart of Kettering. A very rare opportunity to acquire such an inspiring period home.

Kettering 01536 417888

Spring to Summer, Autumn to Winter OIEO £375,000

Prepare to be Impressed!

Enjoy the changing seasons in all their glory with the sensational far reaching countryside views which adorn this substantial three bedroomed character residence in Great Addington. The accommodation is deceptive and extremely versatile - All four seasons await!

Kettering 01536 417888

This extended four bedroom detached family home is situated in a beautiful position within the sought after location of Kibworth Harcourt only a short distance from the village amenities and the A6 whilst also boasting an impressive and unique finish throughout.

Market Harborough 01858 410400

£525,000

Only 60 minutes by train to London ◆ Offices in Corby ◆ Kettering ◆ Market Harborough

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This fine detached period house stands in a superb location outside of Corfe Castle approximately 2 miles from the village centre and is surrounded by open country. The original building is thought to be at least 300 years old and is Grade II Listed. It has been tastefully renovated in recent years and the cartshed on the Southern side was converted into a substantial holiday cottage known as ‘Pipit’s Meadow’ during the 1980s. The property has many attractive character features which include: ‣ GALLERIED DRAWING ROOM ‣ LANDSCAPED GROUNDS OF APPROX. 0.37 OF AN ACRE (0.15 OF A HECTARE) TOGETHER WITH ADJOINING FLOWER MEADOW & WOODLAND OF A FURTHER 2.09 ACRES (0.846 OF A HECTARE) ‣ HOLIDAY INCOME POTENTIAL ‣ STONE CARTSHED & WORKSHOP ‣ OIL FIRED AGA & TIMBER FRAMED DOUBLE GLAZED WINDOWS ‣ EPC N/A ‣ Guide £900,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

Well presented detached chalet style house in a fine residential location, benefiting from a good sized garden and backing onto open country. Living Room, Dining Area, Kitchen/Family Room, Utility, 3 Bedrooms, Bedroom 4/Study, En-Suite Shower Room, Bathroom, Garage, Garden, Parking. Awaiting EPC. ‣ £545,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

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Most attractive period residence, formerly the Rectory of St. Mary’s Church which stands nearby in fine location. Featuring exceptionally spacious, well planned accommodation and secluded grounds. Drawing Room, Dining Room, Conservatory, Kitchen, Utility, Cloakroom, 4 Bedrooms, 2 En-Suite Bathrooms, Shower Room, Garden, Double Garage. EPC N/A. ‣ £1,150,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

Superb ground floor apartment in premier location, commanding

Immaculately presented detached cottage in picturesque setting,

extensive and panoramic views over Swanage Bay. Living Room,

directly adjoining and overlooking Halves Common. Living Room,

Dining Room, Kitchen, 2 Bedrooms, Shower Room, Personal Patio,

Kitchen/Dining Room, Conservatory, Shower Room, 3 Bedrooms,

Communal Grounds, Parking. EPC 63.

2 En-Suite Bathrooms, Garden. EPC 22.

‣ £425,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

‣ £550,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

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Modbury, South Devon

Guide ÂŁ875,000

A substantial, spacious and comfortable Victorian house set in over an acre of landscaped grounds. The main house has six bedrooms and four reception rooms with great character and an additional detached annex/garage block. Range of outbuildings and large drive and parking.

Excellent location just outside Modbury. Option to purchase further ten acres adjoining pasture.

Contact: James Caslake 01548 830 831

Modbury, South Devon

Guide ÂŁ625,000

10

95

75

A stunning converted barn, impeccably decorated throughout offering a unique family home. Situated in a wonderful rural location, the spacious accommodation comprises five bedrooms, three bathrooms, large kitchen/breakfast room and lounge with woodburner. Double garage block/workshop approx 25ft x 30ft and attractive gardens. No onward chain.

Contact: James Caslake 01548 830 831

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Waterside Properties

Newton Ferrers, South Devon

Guide ÂŁ1,695,000

Outstanding, elevated family home of exceptional quality and elegance. Enjoying stunning views over the highly sought after deep water harbour of the River Yealm Estuary. Master bedroom suite, 4 further bedrooms, 2 further bathrooms. Reception hall, dining room, drawing room, study, kitchen/breakfast room, utility room, shower/cloakroom. Landscaped gardens with sun terraces, summerhouse, parking.

Contact: Chris Davey 01752 872 417

Salcombe, South Devon

Guide ÂŁ665,000

10

95

75

A character cottage situated in Higher Batson on the outskirts of Salcombe. 3/4 Bedrooms, lovingly refurbished and finished to an impeccably high standard. Benefits from character features including exposed beams and fireplace with wood burner. Outside there is a generous sized garden which has been landscaped with Summer house/workshop and substantial parking.

Contact: Chris Davey 01548 843 593

25 5 0

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Peter Hughes country property

Handsome Grade II Listed House SUTTON, WEST SUSSEX GUIDE PRICE - £1,400,000

Delightful Village House STEDHAM, WEST SUSSEX GUIDE PRICE - £825,000

www.peterhughes.co.uk @propertyhughes

• • • • •

Reception/dining hall • Drawing room • Garden room •• Family room • Study Utility room • WC • Master bedroom & dressing room • 5 further bedrooms Nursery • 2 bathrooms • 2nd floor bedroom and store room Entrance drive providing off street parking • Garage with a store to rear Large rear garden • In all extending to about 0.5 of an acre

• • • •

Entrance porch • Entrance hall • Sitting room • Kitchen/breakfast room 3/4 double bedrooms • 4 bathrooms (2 ensuite) • Family room/bedroom 4 Entrance drive and front garden • Cottage garden with studio/office ‘Secret’ garden with greenhouse and shed • In all extending to about 0.22 acres

www.peterhughes.co.uk 68

New Street Petworth West Sussex GU28 0AS

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Peter Hughes country property

Grade II Listed Water Tower STEYNING, WEST SUSSEX GUIDE PRICE - £1,350,000

• • • •

A striking octagonal tower • Stunning, private, rural setting close to the South Downs Considered to have possibility for substantial extension, subject to necessary consents 3 bed timber clad cottage • Approached via a long private lane • Gardens • Paddock In all extending to approx 3.25 acres

01798 344554 Peter Hughes OUTPUT.indd 2

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Integrity Customer service Hard work perrybishop.co.uk

Cirencester, Gloucestershire

£800,000

A very large and interesting Grade II Listed town house tucked away in a quiet and private setting within Cirencester’s town centre with driveway parking Five bedrooms | Quiet and private setting in town centre | Unique and characterful home | Three reception rooms | Dressing/cot room EPC: N/A

Tetbury, Gloucestershire

01285 655355

£595,000

A spacious, idyllic cottage on the edge of Tetbury Perfectly placed extended cottage | Four double bedrooms | On the edge of the town with a rural outlook | Large kitchen/family room with French doors | Long rear garden, adjacent to fields EPC: N/A

01666 504418

Cirencester, Gloucestershire

£800,000

An impressive and substantial detached family home with annex potential Four bedrooms and dressing room | Pleasant outlook | Three reception rooms | Conservatory | Three bath/shower rooms EPC: TBC

Fernham, Oxfordshire

01285 655355

£875,000

The Dairy House is a truly outstanding detached home in a unique setting on the edge of the village.

Five bedrooms, three bathrooms | Three reception rooms | Detached double garage | Office/studio over garage | Beautiful landscaped gardens EPC: D

01367 240356

Mayfair Office, Cashel House, 15 Thayer Street, W1U 3JT 0207 467 5330 @PerryBishop Perry Bishop FPx2.indd 1

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Minchinhampton, Gloucestershire

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£500,000

Situated on the outskirts of the popular town of Minchinhampton sits this stunning four bedroom property with a spacious open plan kitchen/dining room and parking.

Semi-detached period property | Four bedrooms | Feature wood burner | Suntrap patio | Popular location EPC: E

Bourton, Wiltshire

01453 836736

£1,000,000

Minchinhampton, Gloucestershire

£455,000

Beautifully presented three bedroom property on the outskirts of Minchinhampton with parking and views.

Beautiful character cottage | Three bedrooms | Open plan kitchen/ dining room | Parking for two cars | Easy access to dog friendly walks EPC: C

Avening, Gloucestershire

01453 836736

£395,000

A former vicarage, this spacious Victorian village home has far reaching views and attractive original features

An amazing penthouse apartment within this natural stone former Corn Mill

Five generous bedrooms | Three reception rooms | Stunning family kitchen/breakfast room | Basement utility and drying rooms | Ample parking and spacious gardens

A penthouse duplex apartment | Three bedrooms | Dramatic vaulted ceilings | Large kitchen/lounge/dining room | Help to buy scheme available with this property

EPC: F

01367 240356

EPC: TBC

01666 504418

Cheltenham • Cirencester • Faringdon • Fairford • Nailsworth • Stroud • Tetbury

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H AY M A N - J OYC E

HONINGTON, WARWICKSHIRE A splendid family house in the heart of this beautiful village.

Reception hall, drawing room, sitting room, dining room, kitchen, utility room, cloakroom and cellar. Six bedrooms and four bathrooms.

Gardens, swimming pool, tennis court, store and chalet. Quadruple garage. EPC Band E. In all 1.27 acres.

Guide Price ÂŁ1,250,000 Moreton-in-Marsh Office 01608 651188

BROADWAY 72

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H AY M A N - J OYC E

BLOCKLEY, THE COTSWOLDS A beautifully extended period house with absolutely stunning views.

Sitting room, snug/study, kitchen/breakfast room, dining hall, family room, boot room, cloakroom and utility. Master bedroom with dressing room and en-suite bathroom with separate shower. Guest bedroom with en-suite bathroom. Three further bedrooms and bathroom.

Gravelled drive with parking. South-west facing garden with outstanding views. EPC Band E.

Guide Price ÂŁ1,100,000 Moreton-in-Marsh Office 01608 651188

BROADWAY

MORETON-IN-MARSH

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Holiday Holiday HomeHome Interiors Interiors www.theclementine.co.uk www.theclementine.co.uk

One of One theofHouse finest the finest creekside Driftwood is creekside houses houses on the onFowey Fowey ideally located inthe Golant estuary estuary enjoying enjoying a large overlooking the River a large frontage frontage directly directly onto onto the the Fowey, approximately rivermiles river in Lerryn. in Lerryn.

The house The house two from Fowey facesapprox. faces southsouth looking looking over over (and 35 minute its own its gardens own gardens which which walk.) The house was frontfront onto onto the creek, the creek, and and built 7 years ago, and was therethere are steps are steps that lead that lead designed into aowner’s New England downdown to the the owner’s style to maximise private private jetty. jetty. light, the water views, and to be energy It is and With aWith littleaefficient. updating little updating and within 50 metres of two lovelylovely furnishings furnishings this this public slipways, has a property property couldcould beand a very be a very Boathouse at the successful, successful, and could andbottom could let let forthe 20for –drive 30 20weeks – with 30 weeks aayear a year of single and achieve andand achieve aanet aincome net income garage double (after (after agency agency deductions) of of carport - ideal fordeductions) canoes, around around - £39,000 -this £39,000 pa. pa. boats or£27,000 cars.£27,000 Above is the artist studio/office Key Points Key which hasPoints water views and hot/cold water. A driveway • A•fourAbedroom four bedroom leads upto the house detached detached house.house. where this a very large • Separate • Separate one bedroom one bedroom double garage, cottage. cottage.and an electric • Idyllic • turntable.

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This is a wonderful three semi-detached semi-detached househouse bedroom character set close set close to thetocenter thehome center of of set in a stunning location Fowey Fowey and benefiting and benefiting from from fronting the Fowey excellent excellent views views over the over the Estuary.

It has town.town. been in the ownership of the same family since 1925.

Situated This lovely This lovely Victorian Victorian househouse off ofcould Westeasily Street, Polruan, could easily become become a a successful successful holiday holiday let.Estuary let. it offers immediate and could and let forlet 20for – 30 20 – 30 access andcould a frape mooring weeks weeks a year a and year achieve and achieve via a landing deck. The a net aincome net income (after (after agency agency internal accommodation deductions) of around ofand around is welldeductions) presented, is £14,000 £14,000 - £20,000 -three £20,000 pa floors. pa spread across The ground floor comprises Key Points Key Points the main reception rooms; both the dining room and • Three/Four • Three/Four bedrooms bedrooms lounge views of the • Victorian • offer Victorian househouse estuary, the lounge • Traditional • with Traditional layout layout having a door opening • High • High quality quality kitchen kitchen onto appointed sun • Beautifully •a well Beautifully presented presented terrace. is aviews galley • Estuary • There Estuary views style kitchen with an • Enclosed • Enclosed rear garden rear garden opening into the dining and terrace and terrace • Gas • offering fired Gas central fired central heating heating room, a more open plan style feel.

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Buying Buying a holiday a holiday home home is a decision is a decision mademade with with the head the head as much as much as your as your heart, heart, as your as your property property will not willonly not only become become a part a part of the of the family’s family’s holiday holiday memomemories but riesifbut managed if managed cor- correctlyrectly can also can be alsopart be part of of theirtheir financial financial future. future.

So, we’ve So, we’ve teamed teamed up up with with the holiday the holiday cottage cottage specialists, specialists, Classic Classic Cot- Cottages, tages, who who are happy are happy to to advise advise on allon aspects all aspects of of holiday holiday letting letting and will and will provide provide a rental a rental income income estimate estimate priorprior to you to you taking taking the big thestep. big step.

Classic Classic havehave beenbeen in thein the business business nearly nearly 40 years 40 years and pride and pride themselves themselves on on finding finding quality quality holiday holiday homes homes that that people people fall infall in love love with.with.

FromFrom reno-renovating vating and decorating and decorating to housekeeping to housekeeping and and maintenance, maintenance, they they can can Daglands ST BLAZEY Daglands Road, Road, Fowey Fowey - £600,000 - £600,000 holdhold youryour handhand everyevery step step of the ofway, the way, ensurensuring your ing your property property is conis configured figured and presented and presented in in a waya that way that will maximise will maximise its rental its rental potential. potential.

Holiday Holiday Cottages Cottages for Sale for Sale Fowey River Fowey Estate RiverAgency Estate Agency

Advice Advice on Rental on Rental Income Income Classic Cottages Classic Cottages

Holiday Holiday Cottage Cottage Mortgages Mortgages Fowey River Fowey Estate RiverAgency Estate Agency

Holiday Holiday HomeHome Interiors Interiors www.theclementine.co.uk www.theclementine.co.uk

One of One theoffinest the finest creekside creekside houses houses on the on Fowey the Fowey This is an ideal one bedroom estuary estuary enjoying enjoying a large a large holiday let, located in a frontage frontage directly directly onto onto the the popular development of similar river river in Lerryn. in Lerryn.

The house The house properties, located close to facesfaces southsouth looking looking over over the centre ofgardens Fowey, but also its own its gardens own which which backing onto fields.

There is a frontfront onto onto the creek, the creek, and and footpath that runs straight to therethere are steps are steps that lead that lead Readymoney Cove from the downdown to thetoowner’s the owner’s grounds, thatjetty. takes approx. 10 private private jetty.

minutes to walk.

With aWith littleaupdating little updating and and Lawhyre was originally a farm, lovelylovely furnishings furnishings this this and the barns area now property property couldcould be very be a all very converted into holiday successful, successful, and could and could let homes. let They are and each for 20for – 30 20freehold, weeks – 30 weeks a year a year property has a designated and achieve and achieve a net aincome net income parking space, courtyard (after (after agency agency deductions) deductions) of of garden, and £27,000 the- £39,000 use -of apa. pa. around around £27,000 £39,000 communal children’s playarea.

Key Points Key There is aPoints small annual service charge for communal •gardening, A•fourAbedroom four andbedroom the properties detached detached house. are for holiday usehouse. only.

• Separate • Separate one bedroom one bedroom The cottage.

Stables has a very successful cottage. holiday history, and has • Idyllic • letting Idyllic waterwater fronting fronting a private courtyard and a small position. position. front • Beautiful •garden.

Beautiful viewsviews of theof the creekcreek from the from house. the house.

The is internal presentation This This a beautiful is a beautiful Victorian Victorian of this house is a credit to semi-detached semi-detached house house the wcurrent owner.

The set close set close to thetocenter the center of of accommodation has undergone Fowey Fowey and benefiting and benefiting from from extensive refurbishment excellent excellent views views over the overand the is town. if of atown. modern, almost boutique style, whilst still maintaining the This lovely This lovely Victorian Victorian house house period and character features could could easily easily become become a of the house. The houseabriefly successful successful holiday holiday let. let. comprises; an impressive and could and could let for let 20 for – 30 20 – 30off to entrance hall which leads weeks weeks a year a and year achieve and achieve the downstairs accommodation, a net aincome net income (after (after agency agency separate lounge with open deductions) deductions) of around of around fireplace, an -impressive £14,000 £14,000 - £20,000 £20,000 pa pa dining room with open fireplace.

There is also a well appointed Key Points Key Points fitted kitchen and breakfast room. therebedrooms are three • Three/Four • Upstairs Three/Four bedrooms double with the • Victorian • bedrooms, Victorian househouse second boasting • Traditional • bedroom Traditional layout layout an • High • shower High quality quality kitchen kitchen en-suite room.

The • Beautifully • bedroom Beautifully presented master haspresented access via •an internal Estuary • Estuary views door views to the main •bathroom.

Enclosed • Enclosed rear garden rear Outside thegarden house and terrace and terrace there is driveway parking, a •garage, Gas • fired Gas gardens central fired central heating heating and which are mostly laid to lawn.

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WESTON NEWBURY, WEST BERKSHIRE ÂŁ1,400,000 FREEHOLD A sympathetically converted five bedroom Grade II listed former Mill House with adjacent annexe, sitting in glorious gardens and grounds approaching 1.5 acres, onto the River Lambourn. Principal Mill House: 3/4 bedrooms, 3 bathrooms, wonderful vaulted first floor drawing room, dining room, large kitchen/breakfast room, entrance hall leading into the annexe: further kitchen/breakfast room, sitting room, 2 bedrooms, 2 bathrooms. Outside: beautiful mature gardens, gravel driveway, double garage and storage sheds.

www.manningfordcroft.com

www.manningfordcroft.com

www.manningfordcroft.com

01672 564555

Hungerford office 01488 684000

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01672 564555

Unique property | imaginatively converted | idyllic position | excellent transport links | river frontage | flexible accommodation | 5 bedrooms | 5 bathrooms | impressive first floor drawing room | grounds approx. 1.5 acres | garaging and storage sheds

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www.manningfordcroft.com

WOOTTON RIVERS MARLBOROUGH, WILTSHIRE ÂŁ1,825,000 FREEHOLD An exceptional Tudor country house, set in gardens and grounds approaching ten acres situated in the idyllic rolling landscape of the Marlborough Downs. Marlborough c 4 miles, Trains from Great Bedwyn or Pewsey to London Paddington (70 mins). Access to the M4 & M3 (A303) motorways. Excellent schooling including Marlborough College, Radley, Downe House & Dauntseys within 40 minutes.

Pewsey office 01672 564555

Drawing room | dining room | family room | kitchen/ breakfast room | playroom | utility/boot room | cellar | 9 bedrooms | 4 bathrooms | adjacent coach house currently used as a studio | formal lawns | tennis court | small lake | meadow & orchard

01672 564555

www.manningfordcroft.com

/2012 17:01

www.manningfordcroft.com

01672 564555

JSA Knight Frank 01488 682726

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www.philip-martin.co.uk www.philip-martin.co.uk PORTLOE, ROSELAND PENINSULA

BEAUTIFULLY POSITIONED COASTAL PROPERTY

PAIR OF FORMER COASTGUARD COTTAGES - Skilfully amalgamated into ONE SPACIOUS HOUSE about eighty years ago. Strategic location with views to Portloe Harbour, the cliffs and out to sea. This property is unique and it stands on rising ground at the far end of Coastguard Terrace in what is arguably one of the best positions in this charming harbourside village. It faces south and with a lovely open aspect to take full advantage of the views, not only down into the harbour but to the rising cliffs beyond and out to sea with Gull Rock as a magical island in the distance. 3 bedrooms, spacious sitting room, separate dining room, kitchen, bathroom and cloakroom. EPC – F

Guide Price £599,950

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ESTATE AGENTS, CHARTERED SURVEYORS, VALUERS & AUCTIONEERS ESTATE ESTATE AGENTS, AGENTS, CHARTERED CHARTERED SURVEYORS, SURVEYORS, VALUERS VALUERS & & AUCTIONEERS AUCTIONEERS

TRELYON, UPPER FAL VALLEY

A DISTINCTIVE AND UNIQUE PROPERTY IN A STUNNING LOCATION

In many respects this type of property epitomizes the spirit of Cornwall. Standing in grounds of over half an acre and perfectly positioned on the upper slopes of the Fal Valley “The Stack House” has a glorious backdrop and commands panoramic views. Built originally to house a Cornish Beam Engine it is a majestic building of substantial proportions with internal accommodation arranged over five floors. Originally converted in the early 20th Century and continually occupied since that time it has recently been refurbished and updated by the present owners and affords a versatile arrangement of accommodation of enormous character yet with every modern comfort. It is commonly believed the mine closed with very little profit for the stakeholders. There still exists a small quarry adjacent to the present structure but early maps show that this extended much further down in to the valley and has since been filled in. The building is Grade II Listed and a copy of the listing is available from the agents.

Guide Price £425,000

Truro 01872 242244 Truro Truro 01872 01872 242244 242244 Philip Martin FP.indd 2

St Mawes 01326 270008 St St Mawes Mawes 01326 01326 270008 270008

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LONDON PROPERTY

REVIEW

Lettings Lowdown The financial year of 2015/16 proved to be one of uncertainty for both landlords and tenants throughout the Prime Central London rental market, reports Rahim Nojak lettings manager for Knight Frank Mayfair With a record number of transactions completed in the previous financial year the Mayfair and St James’s rental market remained static throughout Q1 and Q2 of 2015/16 with a slight decline in rents during Q3 and the early part of Q4. Despite this decline in rent, a number of record rental levels were achieved within the Super Prime Market (£5000 per week upwards) excelling itself as we received a natural influx of sales buyers registering for lettings due to market uncertainty.

These high net worth buyers sought a similar brief when renting by placing offers on best in class lettings product completed to the highest standard.

With the continuous uncertainty in the world wide financial market and the approaching changes in stamp-duty affecting overseas buyers, renting continues to be the most effective method of securing an address on one of the finest streets of London.

The core market (£0-£1000 per week) has remained strong and we consistently see demand for turn-key properties at this level for international corporates and high-net

Central London

worth students looking to rent in London for periods of 12-24 months consecutively.

As we enter the financial year 2016/17 our advice to clients is to take note of the marketing advice provided by your agent. Applicants remain product-led rather than postcode led. It is therefore imperative that newly launched stock is priced correctly in line with market conditions in order for landlords to remain competitive whilst achieving the highest possible rental income with minimal voids.

Demand for rental property remains high and the historically elegant streets of Mayfair and St James’s continue to draw attention from international tenants wanting to live in the midst of the world famous restaurants, bars, boutiques and private members clubs. With the launch of several new schemes gradually approaching, we expect both Mayfair and St James’s to remain as one of London’s finest destinations to live.

Comment

by Lisa-Jane Stratton, Manager, Benham & Reeves Residential Lettings Knightsbridge Our Knightsbridge office is very busy, handling enquiries mainly for one and two bedroom properties. We are also taking on quite a few new instructions. Equally good news is the number of people renewing tenancies which remains high at 80%.

Tenants are prioritising stability, choosing to remain in their current property to save the expense and inconvenience of moving – this is good news for landlords as it eliminates expensive voids.

Smaller properties below £675 per week are in highest demand as applicants usually have firm budgets. As well as younger professionals looking for one bedroom properties, we are seeing growing demand from senior executives looking for a reasonably priced pied-a-terre.

Experienced landlords recognise the need for flexibility on rents in this competitive market.

They understand that the reliability of a tenant and the length of a tenancy are as, if not more important than holding out for a higher rent, ensuring a faster let and continuity of income.

At the centre of London’s property market 020 7590 0060 ■ www.kayeandcarey.co.uk 310466 Property Review Banner.indd 1

■

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World class living A

n exceptional two bedroom duplex apartment to rent in this outstanding development in Knightsbridge.One Hyde Park is one of the most exclusive addresses in the world.The combination of leading architects, designers,artists and the Mandarin Oriental Hotel Group ensures that One Hyde Park delivers a unique experience and service on every level.

Internationally renowned interior designers Candy and Candy have designed all the communal areas including the spa and recreation facilities.

The apartment is spread over the ground and first floor of this prestigious development and enjoys parkside views over Knightsbridge. Interior designed to a high specification, the apartment is luxurious and comfortable, decorated in neutral tones and a light palette,creating a relaxed environment. Bespoke furniture utilises the area to maximum effect, creating an inviting and personal space.

Accomodation comprises two double bedrooms with fitted wardrobes, two en-suite bathrooms, reception room with terrace overlooking Hyde Park, kitchen with Gaggenau appliances, storage unit and underground parking. The apartment has programmed lighting controls, fresh air supply, cooling and heating and covers 154 sq m (1,658 sq ft)

The apartment also comes with access to 24/7 concierge desk and Mandarin Oriental resident’s service.

The exclusive on site leisure and spa facilities at One Hyde Park include private cinema, private events room for large parties,virtual experience room,squash court, gym, 2 private exercise studios, 21 metre ozone pool, Jacuzzi, 2 saunas, 2 steam rooms and 2 treatment rooms with en-suite relaxation rooms.

Available for a long let, furnished.

One Hyde Park,Knightsbridge, ÂŁ30,333 per month, Knight Frank 020 7591 8601

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1 N H

Kensington

ÂŁ1,300 pw Unfurnished

K

3 Bedrooms | Reception | 2 Bathrooms | Apartment Balcony | 24hr Concierge | Gym | Spa | EPC – B Kensington 020 3302 4797

2 C K

kens@brlets.co.uk

Fourteen offices open six days a week Monday - Saturday Canary Wharf | City | Colindale | Ealing | Fulham | Greenwich | Hammersmith | Hampstead Highgate | Hyde Park | Kensington | Knightsbridge | Surrey Quays | Wapping Additional charges apply: Tenancy Agreement, Credit Check & Inventory Report. For details visit www.brlets.co.uk/tenantinfo

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London’s Letting Agency

To arrange a viewing or for more information call

info@brlets.co.uk www.brlets.co.uk

020 7319 9783

Notting Hill Borders

£450 pw Furnished

Fulham

£725 pw Furnished

1 Bedroom | Reception | 1 Bathroom | Apartment Nearby Amenities & Tube | EPC – B | Sole Agents Hyde Park 020 3302 9637 hyde@brlets.co.uk

2 Bedrooms | Reception | 2 Bathrooms | Apartment 24hr Concierge | Health & Fitness Spa | EPC – B Hammersmith 020 7412 8683 fr@brlets.co.uk

Knightsbridge

Kensington

£825 pw Furnished

2 Bedrooms | Reception | 2 Bathrooms | Apartment Concierge | Pool | Gym | Parking | EPC – B | Sole Agents Knightsbridge 020 3302 6761 knight@brlets.co.uk

£1,450 pw Unfurnished

3 Bedrooms | Reception | 3 Bathrooms | Apartment Balcony | Nearby Amenities & Tube | EPC – D Kensington 020 3302 4797 kens@brlets.co.uk

Hong Kong | India | Malaysia | Singapore

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London’s Letting Agency

info@brlets.co.uk | www.brlets.co.uk To arrange a viewing or for more information call

020 7319 9783

South Kensington

£685 pw Furnished

2 Bedrooms | Reception | 1 Bathroom | Apartment Porter | Lift | Nearby Amenities | EPC – C | Sole Agents Knightsbridge 020 3302 6761 knight@brlets.co.uk

Earl’s Court

£365 pw Furnished

1 Bedroom | Reception | 1 Bathroom | Apartment Nearby Amenities & Tube | EPC – D | Sole Agents Kensington 020 3302 4797 kens@brlets.co.uk

Knightsbridge

£1,325 pw Furn/Unfurn

3 Bedrooms | Reception | 3 Bathrooms | Apartment 24hr Concierge | Gym | Parking | EPC – C | Sole Agents Knightsbridge 020 3302 6761 knight@brlets.co.uk

Hammersmith

£850 pw Furnished

2 Bedrooms | Reception | 1 Bathroom | Apartment 24hr Concierge | Gym | Parking | EPC – C | Sole Agents Hammersmith 020 7412 8683 fr@brlets.co.uk

Mayfair

£1,850 pw Furnished

2 Bedrooms | Reception | 2 Bathrooms | Apartment Private Patio | Nearby Amenities | EPC – D Hyde Park 020 3302 9637 hyde@brlets.co.uk

Fourteen offices open six days a week Monday - Saturday Canary Wharf | City | Colindale | Ealing | Fulham | Greenwich | Hammersmith | Hampstead Highgate | Hyde Park | Kensington | Knightsbridge | Surrey Quays | Wapping Hong Kong | India | London | Malaysia | Singapore Additional charges apply: Tenancy Agreement, Credit Check & Inventory Report. For details visit www.brlets.co.uk/tenantinfo

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o.uk

Kensington’s new quarter n Situated in one of the most desirable locations in London n 24hr concierge, secure parking, gym, pool, spa, private screening room, business suite

375 Kensington High Street, W14

n 5 Minute walk to Tube & Underground stations

Apartments to rent from £600 per week 1 Beds (avg 520 sq ft) from £600 per week

urn

o.uk

2 Beds (avg 950 sq ft) from £950 per week

Deluxe residents leisure suite

hed

Call us now on 020

3302 4797 or email kens@brlets.co.uk or visit www.brlets.co.uk 5 Thackeray Street, Kensington, London W8 5ET London offices: Canary Wharf | City | Colindale | Ealing Fulham | Greenwich | Hammersmith | Hampstead | Highgate Hyde Park | Kensington | Knightsbridge | Surrey Quays | Wapping

o.uk

International: Hong Kong | India | Malaysia | Singapore

Additional charges apply: Tenancy Agreement, Credit Check & Inventory Report.

For details visit www.brlets.co.uk/tenantinfo

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A perfect example of a late 70s build with original features throughout Matching people and property in London for 160 years.

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Queen’s Gate Terrace SW7 £1,895,000 This stunning two-bedroom apartment has been completely refurbished by a locally renowned developer.

The property is located on a prime residential street and is just a moments walk from Hyde Park.

Share of Freehold. EPC=D

• Two en suite bathrooms • Approx 1,027 sqft • Incredible attention to detail • Near to Knightsbridge South Kensington Sales: 020 7590 0800 sales.skn@marshandparsons.co.uk

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Earl’s Court Square SW5 £1,850,000 A large and extremely stylish two-bedroom apartment that spans the entire garden level of an imposing Victorian building. Share of Freehold. EPC=D

• Two en suite bathrooms • Private entrance • Access to communal gardens • Great transport links

Earls Court Sales: 020 7835 0620 sales.ect@marshandparsons.co.uk

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Pembridge Villas W11 £1,150,000 Ideally positioned in a beautiful grand period building, this fabulous one-bedroom property is presented in excellent decorative order throughout. Share of Freehold. EPC=D

• Roof terrace • Open-plan reception room • Excellent transport links • Prime Notting Hill location Notting Hill Sales: 020 7313 2890 sales.not@marshandparsons.co.uk

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Chepstow Road W2 ÂŁ2,200 per week This beautiful four-bedroom house has been lovingly refurbished to a very high standard. EPC=E Notting Hill Lets: 020 7313 6910

lets.not@marshandparsons.co.uk

Fulham Road SW6 ÂŁ2,000 per week An exceptionally designed four-bedroom family home located on the Fulham/Chelsea border. EPC=D Fulham Lets: 020 7736 9822

lets.ful@marshandparsons.co.uk

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Hyde Park Gate SW7 ÂŁ1,500 per week This stunning two-bedroom property offers fantastic views over Kensington Gardens. EPC=D South Kensington Lets: 020 7590 0800

lets.skn@marshandparsons.co.uk

Egerton Gardens SW3 ÂŁ1,495 per week A newly refurbished three-bedroom apartment with lift access in an ever sought-after Knightsbridge location. EPC=C Chelsea Lets: 020 7591 5570

lets.chs@marshandparsons.co.uk

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We understand what makes a property unique to the area and the market.

Combine this with our expert consultation and we’ll find you a buyer or tenant that fits perfectly. Fast.

To arrange a free market appraisal, please call 020 8022 1359.

KnightFrank.co.uk @KnightFrank

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