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DORSET & SOUTH MARKET INSIGHT 2018

Market Update to adjust to higher rates of stamp Luke Pender-Cudlip, Head of Frank’s Office Prime property prices in Dorset duty, as well as political uncertainty. “In spite of wider uncertainties surrounding the political and and rose by 0.7% Despite this, annual sales volumes economic backdrop, the fundamentals that drive demand in between July and September 2018 above £500,000 locally reached a the Dorset and South Somerset market remain unchanged. and have climbed 2.2% over the 20 year high in 2017 and remain Good schooling, fast transport links to London, as well last 12 months, Knight Frank data above long-term averages. Activity as plentiful leisure facilities, all remain an attraction to shows. Price growth has eased has been supported by low interest prospective buyers. The relative price differential compared over the past two years, from and mortgage rates, as well as with London and the is another draw for those 5% in 2016, in line with a wider robust demand from needs-driven looking to relocate. Prospective purchasers do, however, trend seen across the UK. Prime buyers, such as those moving to remain price sensitive and while deals are being completed markets, in particular, have had the area for schooling. this has kept a check on values over the last 12 months.”

Dorset & South Somerset: Fact file Property prices in Dorset & South Somerset Achieved prices, 12 months to July 2018. Circles can denote multiple sales in the same postcode

2.2% Annual property price change (Q3 2018)

0.7% Quarterly property price change to (Q3 2018)

PROPERTY TYPE all properties

Bungalow 17%

Flat 13%

Terraced 23%

Semi-detached 20%

Detached 27%

PROPERTY STOCK by age

Pre-1900 28%

1900-1939 8%

1945-1972 23%

£500,000 to £600,000 1973-1999 28% £600,000 to £700,000 £700,000 to £800,000 2000-present 12% More than £800,000

Source: Knight Frank Research Source: Knight Frank Research RESIDENTIAL RESEARCH

DORSET & SOUTH SOMERSET SALES MARKET INSIGHT 2018

Who moves to Dorset and South Somerset? Internal migration (2017) Get in touch If you’re thinking of buying or selling, or would just like some property Where do people move from? Age of those moving advice, please get in touch. 3,000

9% 16% 2,500 9%

2,000 Luke Pender-Cudlip MRICS +44 1935 810062 1,500 23% 28% [email protected]

1,000 15%

500

up to 14-29 30-39 40-59 60-70 70+ Bath & NE Somerset North Somerset West Somerset West City of East Weymouth 0 London 14 years years years years years years Simon Barker MRICS +44 1935 810064 Source: Knight Frank Research. *internal migration to , South Somerset, Taunton Deane, Sedgemoor and Mendip [email protected]

15% Dorset and South Somerset: In numbers £ RESIDENTIAL RESEARCH SOLD % 15% 15% 96 15% increase in the number of Londoners INCREASE IN THE NUMBER OF Oliver Knight Achieved to asking price ratio in increase in the number of Londoners % moving to Sherborne and the surrounding Achieved to asking price ratio in 96.1 LONDONERS MOVING TO Associate 2018 (Knight Frank Sherborne) area in 2017 compared with 2016 2018 (Knight Frank Sherborne) moving to Sherborne and the surrounding ACHIEVED TO ASKING PRICE SHERBORNE AND THE [email protected] area in 2017 compared with 2016 RATIO IN 2018 (KNIGHT FRANK SURROUNDING AREA IN 2017 £ SHERBORNE) COMPARED WITH 2016 Important Notice © Knight Frank LLP 2018 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation 34 of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can % be accepted by Knight Frank LLP for any loss or damage 34 21.1 resultant from any use of, reliance on or reference to the 21% YEAR-ON-YEAR INCREASE IN 21 contents of this document. As a general report, this material NUMBER OF TRAINS FROM 21.1% Number of trains from Sherborne to London PRIME (£500,000+) PROPERTIES does not necessarily represent the view of Knight Frank LLP Year-on-year increase in prime (£500,000+) in relation to particular properties or projects. Reproduction year-on-year increase in prime (£500,000+) Waterloo on an average weekday Number of trains from FOR SALE BETWEEN JULY AND SHERBORNE TO LONDON properties for sale between July and of this report in whole or in part is not allowed without prior properties for sale between July and September Sherborne to London Waterloo SEPTEMBER IN DORSET AND WATERLOO ON AN September in Dorset and South Somerset on an average weekday AVERAGE WEEKDAY written approval of Knight Frank LLP to the form and content in Dorset and South Somerset SOUTH SOMERSET within which it appears. Knight Frank LLP is a limited liability partnership registered in with registered number OC305934. Our registered office is 55 Baker Street, London, Source: Knight Frank Research / Rightmove / trainline / ONS W1U 8AN, where you may look at a list of members’ names.

Market activity in Dorset and South Somerset 15% Sales volumes above £500,000, rolling 12 month total 900 15% £ INCREASE IN THE NUMBER OF 96% 800 96.1% LONDONERS MOVING TO increase in the number of Londoners 700 Achieved to asking price ratio in moving to Sherborne and the surrounding ACHIEVED TO ASKING PRICE SHERBORNE AND THE 2018 (Knight Frank Sherborne) area in 2017 compared with 2016 600£ RATIO IN 2018 (KNIGHT FRANK SURROUNDING AREA IN 2017 500 SHERBORNE) COMPARED WITH 2016 400 300 200 Sales above £500,000 34 100 21.1% 0 21% 2009 YEAR-ON-YEAR2010 INCREASE2011 IN 2012 201321 2014 2015 2016 2017 2018 PRIME (£500,000+) PROPERTIES NUMBER OF TRAINS FROM year-on-year increase in prime (£500,000+) Source: Knight Frank Research.FOR SALE BETWEEN JULY AND SHERBORNE TO LONDON Number of trains from Sherborne to London properties for sale between July and September *sales in West Dorset, South Somerset, Taunton Deane, Sedgemoor and Mendip WATERLOO ON AN Waterloo on an average weekday SEPTEMBER IN DORSET AND in Dorset and South Somerset SOUTH SOMERSET AVERAGE WEEKDAY

15% 96% increase in the number of % Achieved to asking Londoners moving to 15 price ratio in 2018 INCREASE IN THE NUMBER OF Sherborne and the 15% (Knight Frank surrounding area in 2017 96.1% LONDONERS MOVING TO INCREASE IN THE NUMBER OF Sherborne) compared with 2016 96.1% LONDONERS MOVING TO ACHIEVED TO ASKING PRICE SHERBORNE AND THE RATIO IN 2018 (KNIGHT FRANK SURROUNDING AREA IN 2017 ACHIEVED TO ASKING PRICE SHERBORNE AND THE £ RATIO IN 2018 (KNIGHT FRANK SURROUNDING AREA IN 2017 £ SHERBORNE) COMPARED WITH 2016 £ £ SHERBORNE) COMPARED WITH 2016 21% 21.1% Year-on-year increase in prime (£500,000+) 34 YEAR-ON-YEAR INCREASE IN 34 properties for sale between July and Number of trains from Sherborne to London 21.1% NUMBER OF TRAINS FROM September in Dorset and South Somerset Waterloo on an average weekday 34 YEAR-ON-YEAR INCREASE IN PRIME (£500,000+) PROPERTIES NUMBER OF TRAINS FROM SHERBORNE TO LONDON PRIME (£500,000+) PROPERTIES FOR SALE BETWEEN JULY AND SHERBORNE TO LONDON WATERLOO ON AN FOR SALE BETWEEN JULY AND SEPTEMBER IN DORSET AND WATERLOO ON AN AVERAGE WEEKDAY SEPTEMBER IN DORSET AND SOUTH SOMERSET AVERAGE WEEKDAY SOUTH SOMERSET