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House prices up for third month in a row across whole of UK

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House prices have risen across all parts of the UK for the third consecutive month in October whilst stocks continue to fall, the latest residential market survey shows.

The residential report from the Royal Institution of Chartered Surveyors (RICS) says that prices are expected to rise by 4.5% per annum over the next five years, a cumulative increase of around 25% (increasing the need to insure adequately – www.landlordsinsure.co.uk).

It also says that new sales instructions extend their streak of uninterrupted decline stretching back to February but although sales growth has paused, expectations remain a little more positive.

In October some 49% more chartered surveyors saw house prices rise across the UK, compared to 44% more in September.

As prices rise in all areas of the UK, East Anglia has consistently seen the fastest rises over the last three months and 91% more chartered surveyors reported seeing a rise rather than fall in prices in October.

In contrast, 25% more chartered surveyors saw prices rise in London over the last three months, with only 5% more expecting a rise in prices in the capital over the next three months, the lowest reading across the UK over this time period. However the 12 month view for the capital is still relatively strong.

Contributing to the rise in prices across the country, demand from potential buyers grew across the UK in October with 12% more respondents seeing a rise in new buyer enquiries.

The report also shows that demand continues to considerably outpace supply and the number of new instructions has decreased for the ninth month in succession, with 10% more chartered surveyors reporting a fall.

The supply of new stock to the UK market has been in decline since the middle of 2014, with the number of new instructions only increasing in one of these months.

Despite the lack of new stock to the market, sales activity is relatively healthy and following a small pick-up in agreed sales in September, activity was little changed this month across the UK. This chimes with HMRC transactions data, which continues to see the number of sales rising consistently over the year.

In the UK lettings market, demand is also continuing to outpace supply in the three months to October. This has been the trend nationally for some time, with the growth in demand outstripping that of supply since 2009.

Unsurprisingly, rental expectations remain strong and respondents continue to expect rents to rise over the year ahead. Rental growth is anticipated to accelerate to an average of just under 5% per year over the coming five years.

‘It is hard to get away from the issue of supply when it comes to the current state of the housing market. The legacy of the drop in new build following the onset of the global financial crisis is now really hitting home, with both the sales and letting markets continuing to show demand outstripping supply on a month by month basis,’ said Simon Rubinsohn, RICS chief economist.

‘If the five year projections from members regarding the outlook for both prices and rents is anything to go by, property is set to become even more unaffordable going forward making the Government’s focus of boosting the delivery of new homes absolutely critical,’ he added.


Young property professional qualifies as Chartered Surveyor

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Jenny Hyland of the Savills South Coast Development team has attained the “gold standard” of professionalism in land, property and construction by qualifying as Chartered Planning and Development Surveyor with the Royal Institution of Chartered Surveyors (RICS).

Jenny (23) grew up locally on the Isle of Wight and attained a First Class Honours Degree in BSc Environmental Planning at Queens University, Belfast. Following this she joined the Savills South Coast Development Team, based in Southampton, on their Summer Placement Scheme and then progressed onto the Graduate Scheme, where she gained relevant experience in Planning and Development to become Chartered. Gaining Chartered status requires two years of professional experience and successful completion of the Assessment of Professional Competence (APC).

“I would recommend anyone considering a professional career in land, property or construction take a degree accredited by the RICS, and I highly recommend the opportunities offered by Savills for work experience, Summer Placements and the Graduate Scheme for undertaking the APC,” says Jenny. “It is an exciting time to be involved with property. I am looking forward to providing quality planning and development consultancy advice to assist with the delivery of new development and regeneration on the South Coast, as a Chartered Planning and Development Surveyor.”

The Savills South Coast Development Team comprises twelve local Chartered Surveyors, and recruits new members each year on to the Savills Graduate Scheme, while also offering opportunities for work experience on the Summer Placements scheme. The dedicated team provides a comprehensive range of development services to meet the needs of a wide range of clients, advising both the Private and Public Sectors, Plc’s, Charities and Trusts. Their four key work streams are namely; Development Consultancy, Agency, Valuation and Recoveries.

For more information about the Savills Graduate Scheme, visit graduate.savills.co.uk

Stunning city centre apartment

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Forming part of a beautifully refurbished Grade II listed building in St Peter Street, the occupiers of this spacious apartment will be able to enjoy the café culture just around the corner together with the eclectic array of shops, boutiques, galleries, theatres, cinema and other leisure amenities that historic Winchester has to offer.

However, although this is a city centre home, the position is remarkably quiet and there are lovely walks to be enjoyed beside the river, through the water meadows and the countryside beyond. The apartment is also offered on the rental market with the benefit of a parking space, behind gated access, and there are good communications to the motorway network from here.

Internally many original features have been retained including the original staircase in the communal hallway, high ceilings, and a fireplace in the living room. Quality fittings set the scene with lovely kitchen units with granite work surfaces and fitted appliances, and a smart bathroom.

The living room is generously proportioned and the bedroom is a good size double room with fitted wardrobes.

Available for immediate occupation, a monthly rent of £1,150 is sought on an unfurnished basis.  Viewings may be arranged by calling Savills in Winchester on 01962 834022

Don’t miss out on Mayflower Mews – your last chance to snap up a home at exceptional Southampton development

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Homebuyers are being urged to act quickly to avoid missing out on one of the final two homes available at Lovell Homes’ exceptional Mayflower Mews development in Southampton.

“Offering a stylish collection of contemporary homes in an established residential neighbourhood, it’s not surprising that Mayflower Mews has been such successful development for us,” says Lovell field sales manager Melanie Richards.

“We now have just Ely house styles available, a beautiful three-bedroom property ideal for anyone looking for a home which is both functional and stylish and offers plenty of well-designed space. Get in touch now on 0808 274 8246 for your chance to secure one of these final two homes.”

Each property is priced at £259,950 (£207,960 after a Help to Buy Equity Loan*), including carpets. Both homes are available to move in now and feature spacious accommodation, designed and built with Lovell’s trademark attention to detail. On the ground floor, the Ely’s open-plan kitchen and dining room, with French door leading on to the garden, is an impressive space for entertaining and relaxing. The kitchen itself is fitted with high-quality Bosch appliances including gas hob, built-in oven and cooker hood. On the first floor is a generous-sized living room, double bedroom and the family bathroom while on the second floor you’ll find the master bedroom with fitted wardrobe, the third bedroom (perfect if you have a young child and want them sleeping next-door to you) and a convenient modern shower room. The Ely benefits from an integral garage, with electric up and over door.

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First-time buyer delighted with new home at Mayflower Mews

First-time buyer Joseph Llewellyn-Jones, who moved into an Ely house style at Mayflower Mews earlier this year, is a fan of both the design features of his home and the location. “I liked the nice big windows, solar panels and modern technology built into the house,” he explains. “The development is fairly small so it’s generally quiet and it’s well located for all the various amenities and travelling.” Mr Llewellyn-Jones would definitely recommend Lovell to anyone looking for a similar home. “The sales staff were very friendly and helpful and always available to get back to me quickly on any queries. Kevin, the site manager, has always gone out of his way to be helpful, prompt and resolve any defects quickly.

“They say buying a home is the most stressful time, but my experience has not been stressful. The whole process went smoothly and easily and I’m happy with the standard and the quality.”

Mayflower Mews is just under four miles from Southampton central train station and only three miles from the M27.  As well as excellent transport links, the neighbourhood has green spaces too, including Mayfield Park and the Miller’s Pond nature reserve while Southampton city centre with its wealth of nightlife, restaurants and outstanding shops is only a short drive – just take the A3025 across the River Itchen.

To find out more, call the Lovell team on 0808 274 8246 to arrange a viewing. Alternatively, visit lovellnewhomes.co.uk or download the Lovell Homes app – just search the App Store for ‘Lovell Homes’.

Modern interior for character home

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This wonderful home has been restyled by the current owner to embrace a combination of the original character and ultra-modern features. Two very spacious reception rooms, separated by a sleek kitchen, together create a superb family living space which is also ideal for entertaining. The sitting room sits within the original building but the dining room is a modern addition boasting a glazed roof and bi folding doors to the garden, yet with a beautiful flint wall with an arched doorway connecting with the sitting room.

The dining room has plenty of space for sofas as well as a large dining table and is open plan to the kitchen where a sun tube provides additional light. Also on the ground floor is a good size bedroom with an adjacent bathroom which combines a period style with a Japanese soaking tub and another sun tube for natural light.

On the first floor are two further bedrooms and a shower room.

Parking is provided for two cars on the driveway and the enclosed garden has a westerly aspect and a good degree of privacy to enjoy paved seating areas and low maintenance gravel beds ideal for seasonal planting in pots.

The house is located within Colden Common which is a popular village and well positioned for access to Winchester, Eastleigh Parkway station and the airport. Locally there is a good primary school which feeds into the excellent Kings Secondary School in Winchester, making this very appealing to families.

Chris Pickard, branch manager for Goadsby in Winchester, says: “This property offers an excellent blend of character features and a sleek modern finish. Located in Colden Common, with excellent local facilities, commuter access and great schooling, this house is an excellent opportunity for a new owner to move in, unpack and relax!”

Contact Chris and his team for more details on 01962 620444. A price of £389,950 is quoted.

Incentives for the rest of the year

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Penyards Property Management has been based in Winchester for over 25 years and provides a pro-active and dynamic service to landlords and tenants alike.

Mike Turner, Associate Director with the company, confirms: “At Penyards Property Management, we haven’t forgotten that the reason we have become Winchester’s largest and most proficient lettings agent is by giving the very best customer service to all who come into contact with us, and by finding the very best tenants for our landlords’ properties.”

Mike continues: “If you are a landlord and have a property currently available to let, odds are that your current letting agent is telling you the market is slowing down and that new applicants are few and far between.

“However, whilst many letting agents are looking forward to Christmas, the team at Penyards Property Management are fully focused on working relentlessly all the way through November and December to agree lets on our clients’ investment properties. 

“Just last week, we successfully let two properties for our landlords that had been with a competitor for several weeks. This excellent result comes down to a positive and professional attitude from the team based in Southgate Street. Couple this with the exciting landlord incentives we are offering new landlords moving to Penyards Property Management for the months of November and December and you could say the future looks very exciting!”

To find out more, Penyards Property Management can be contacted on 01962 860303 or email mike.turner@penyards.co.uk

Super outlook from village house

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The open aspect over fields and countryside at the rear of this extended family house is a delight at all times of year but particularly through the warmer months when the wide terrace and barbecue area draw the occupiers outside. The garden has been professionally designed and so is the perfect vantage point to enjoy the view.

The house has been extended from the original layout and now offers a choice of relaxing areas, all with oak flooring, including the original sitting room, and a new family room leading through to a garden room with south facing French doors to the terrace. There is also a study at the front of the house with fitted furniture and the kitchen is open plan to the dining room; a great place for all the family to gather at the end of the day. A utility room and cloakroom complete the layout on the ground floor.

Stairs from the hall rise to the first floor where there are four bedrooms and two bathrooms.

A driveway at the front of the property provides parking and although most of the garage has been converted to accommodation, there is access to useful storage. Shrub borders with box hedging line a path to the front door and the planting has matured well to provide an attractive backdrop.

Rowan Close sits on the eastern boundary of South Wonston which is an easy drive from Winchester and also has good local amenities including a primary school and shop.

Viewings may be arranged by calling Belgarum Estate Agents on 01962 844460. A price guide of £575,000 is quoted.

Home office provides versatile space

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Abbots Barton lies on the northern periphery of Winchester and from here it is an easy run into the city centre and the train station and there are also good road connections to the motorway network. Although now absorbed into Winchester, Abbots Barton has retained the atmosphere of a village community and has its own identity.

Part of a recently built development this four bedroom house has come to the market for sale and will appeal particularly to families looking for a spacious home which also has the added benefit of a fabulous home office above the garage and is therefore ideal for someone working from home or a family which needs additional space perhaps as a teenage den.

Designed very much with a family in mind, this house has four good size bedrooms arranged over the first and second floors, with two smart bathrooms.

On the ground floor the kitchen is beautifully fitted with high gloss units for a modern look and Smeg appliances; this room has a dining area with French doors to the garden. The sitting room is a lovely dual aspect relaxing space and the utility room is a useful feature and there is also a cloakroom.

The garden wraps around the house, enclosed at the front and side by a traditional brick and flint wall and the main garden is simply laid out with a paved terrace leading on to a level lawn.

The home office sits above the carport which is not attached to the house and is a highly versatile space with power and lighting and with the benefit of a utility cupboard and a cloakroom.

Branch Manager of Fox & Sons, Lewis Cosier says “This well presented house in Wykeham Way is a spacious home with a superb separate home office.”

A price of £625,000 is quoted by Fox & Sons and an appointment to view can be made by calling the Winchester office on 01962 862121

Charming home with superb rural views

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The Barn House is a generous family home, well located in a quiet position in the village of Hurstbourne Priors. Sitting at the top of the Test Valley, wonderful countryside surrounds the village and Whitchurch is nearby with a good range of amenities.

The house works well as a family home, is well presented and sits in an elevated position looking over parkland. The accommodation is incredibly versatile with the added potential to enlarge into the attached garage and workshop which has attic storage above accessed from the main house on the first floor.

The current layout already provides spacious family accommodation with a superb formal drawing room with a delightful south easterly dual aspect with views across countryside towards the church. A lovely open fire sets the scene for the winter months and French doors allow full enjoyment of the garden in the summer. The large dining room has a high ceiling and a feature fireplace.

Leading off the other side of the welcoming reception hall is an excellent farmhouse style kitchen with an Aga, further appliances, granite work surfaces, space for a central dining table, walk in larder and an adjacent utility/boot room.

Some of the best views are from the master bedroom on the first floor and this room also has a good range of cupboards, an adjoining bathroom with a second double bedroom with fitted wardrobes having potential as a superb dressing room if required.

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Three further double bedrooms and two bathrooms lead off the landing and from an inner landing double doors open into the attic space above the garage.

Walled gardens of a third of an acre surround the house, with beech hedging providing seclusion. At the front there is plenty of parking and a pretty archway leading to the garage with the workshop and wine store behind. The gardens are attractively laid out with lawns culminating in herbaceous borders, apple trees and a lovely pathway covered by a pergola as a focal point to be admired from the paved terrace.

This is a peaceful location set in lovely countryside yet within short distances of schools and commuter routes with a mainline service from Whitchurch into London.

Knight Frank will be pleased to provide further details and a guide price of £1,200,000 is quoted. Contact the Winchester office on 01962 850333.


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Attention all downsizers, commuters, first time buyers….in fact anyone who is looking for a stylish, new two bedroom home should take a look at the beautiful semi-detached properties at Alfred Homes’ Morningdale Field development on the outskirts of Winchester, where just one of these perfectly proportioned homes is available.

“There are so many plus points to this high quality two bed” comments Simon North, Partner of Strutt & Parker, Winchester who are marketing the property,  “the internal layout is excellent, with a fantastic living space opening onto a lovely private garden with both double bedrooms having en suite bathrooms, and with private parking it’s just an excellent buy. Plus the fact that there are so very few good quality two bedroom homes in the Winchester area at the moment, and that Morningdale Field is so well located for the station, city centre and local amenities, it really does tick the box for many people to either live in, or as an addition to an investment portfolio.”

Morningdale Field is an exclusive development of nine new homes (one pair of semi-detached and seven detached properties), due for completion early next year; eight of the properties have already been  reserved or sold, including the fabulous show home, Morningdale House, however, it is still available to view and is open daily from 10am-5pm.

For guide prices and further information either visit the show home at the development, located on Bereweeke Avenue, Winchester, SO22 6BH, or find out more at: www.aflredhomes.co.uk

Rental market overview from Goadsby

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As a leading agent the Goadsby teams across the area are often asked how buoyant the rental market is and if it is prudent to still invest in the Buy-to-Let market.

A recent report shows tenant demand remains strong with eastern England seeing the biggest net growth in tenant demand with a 48% increase. This was closely followed by the South West – with 45% increase – and the South East and outer London – with 41 and 40% respectively.

Kim Bone, from the Winchester office comments: “These figures demonstrate just how important the private rented sector is in housing a growing number of people.”

England’s housing market is beginning to reflect a more European way of thinking with more people choosing to rent in the long term rather than buy.

Kim concludes: “This situation offers the perfect platform for Buy-to-Let investors and as Goadsby is a multi-discipline company we are able to offer a complete package to see the whole process through.”

Contact your local office to ask for advice on Buy-to-Let: Kim Bone – Winchester:  01962 620444