Stratford upon Avon View Property Market Focus - Autumn 2012 2 Stratford upon Avon View WELCOME

Welcome to Stratford upon Avon View, our seasonal update on the property markets that matter to you. Along with a snapshot of activity in and the surrounding area, we discuss what’s happening in the wider country house market and how it is affected by the booming central market. Rupert Wakley Office Head & Partner We also outline how important it is to have risen by 48%. For example, a T +44 (0)1789 297735 expose your property to as wide an property valued at £1.8 million in prime [email protected] audience as possible, and give you a central London in early 2009 would glimpse of some of our properties in now be worth around £2.66 million, so the area, both for sale and sold. the owners would have an extra £864,000 to spend on a bigger country Country properties are growing in home or more land. favour with Londoners enjoying record prices in the Capital and overseas Furthermore, currency movements are buyers benefiting from currency helping to make country property even movements. more attractive to overseas buyers. Singaporeans can now benefit from a Average country house prices fell in 40% discount compared to prices back the second quarter of 2012, taking the in March 2008, thanks to the annual decline to 4.8%, according to combination of house prices and these the latest Knight Frank Country House currency movements. Those buying in Index. US dollars can benefit from a 34% discount, and Europeans can save The significant gap in price more than 20%. performance between the country market and the booming prime central The growing interest from London London market does however present buyers is demonstrated by the an opportunity for the country market, emergence of a number of country with some London homeowners 'hotspots' bucking the overall cashing in on the record-high values in downward price trend, many of which the Capital to get more property for are close to or within commuting their money in the country. distance of London. Property prices in Oxford, for example, rose by 2.5% in Prices in the country house market are the second quarter this year, while now just slightly higher than in 2009, Henley saw a 0.5% rise and Guildford while prices in prime central London a 0.2% rise.

Where do our buyers come from? Sales by price band

International 8% under £500k 16% London 12% £500k to £750k 45% 55% £750 to £1m 23% Rest of the UK 25% £1m to £1.5m 8% £1.5m to £3m 5% over £3m 3%

* Figures reflect activity up to and including Q2 2012. Stratford upon Avon View 3 Prime Central London

How a £1m investment made £407 a day, every day, for three years.

Prime central London property prices for around 10% of the £2m+ central reached a new high in June, but with London market between 2005 and 2010 values almost 50% higher than they and now account for 20% (2011 and were in March 2009, the rate of price 2012 to date). growth is beginning to slow. While this safe-haven factor continues Our index confirms that £1m invested in to support the market, we are central London property in March 2009 beginning to see resistance from would now be worth approximately buyers to ongoing price increases and £1.48m. This growth equates to an the difference between asking and average monthly appreciation of achieved prices is beginning to widen, £12,400, or £407 daily. Some market with the percentage of the asking price observers have questioned whether achieved having fallen from 96% in this strong price growth will continue. March to 92% in June.

Over the past few years international buyers have seen London property as a safe-haven investment in an increasingly volatile global economy. Evidence of this is the fact that European (non-UK) buyers accounted

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There is no denying that the country market has struggled this year and whilst we expect the market to slow for the traditional summer period and the Olympics, there should be pent-up demand for the autumn with fresh stock from those people who wish to take advantage of the buyers who have not been satisfied over the first half James Way of the year. Head of the Midlands Region T +44 (0)1789 297735 [email protected]

PROPERTIES FOR SALE

Coughton Rous Lench Period farmhouse with outbuildings and Georgian house with secondary Landmark Grade II* Listed 16th century 175 acres of arable and pasture land accommodation and 29 acres house in impressive grounds

Guide Price £4,000,000 Guide Price £3,000,000 Guide Price £2,350,000

Wimpstone Ullenhall Little Wolford Grade II Listed 6 bedroom rectory with Attractive 5 bedroom village house A superb 5 bedroom listed village coach house and 6.07 acres with 3.7 acre paddock house

Guide Price £1,600,000 Guide Price £1,500,000 Guide Price £1,475,000

SOLD PROPERTIES

Ullenhall Braggington Welford on Avon Fine contemporary manor house with A superb Cotswold stone country house Stylish contemporary property in the excellent equestrian facilities set in wonderful rolling countryside heart of the village, with views

SOLD Guide Price £3,500,000 SOLD OIEO £2,750,000 SOLD Guide Price £1,350,000 “A professional job well done. Thank you for your persistence at a difficult stage in the market.” Dr & Mrs Measey

Ashorne Badby Claverdon Newly built Georgian style house with Immaculately refurbished offering a Fascinating historic house and cottage exceptional views traditional feel with a modern twist in mature grounds full of character

Guide Price £1,995,000 Guide Price £1,850,000 Guide Price £1,750,000

Leek Wootton Moreton Morrell Blockley Unique property on the edge of the Fine family house with studio, garden, A stunning Grade II Listed village property, village with lovely gardens lake and 2.75 acres beautifully renovated and restored

Guide Price £1,550,000 Guide Price £1,050,000 Guide Price £1,000,000

Blockley Ufton Gaydon Cotswold stone house in this Handsome family house with paddock, Fine Victorian vicarage with extensive sought-after village stables and swimming pool rural views in 1.9 acres

SOLD Guide Price £1,195,000 SOLD Guide Price £1,100,000 SOLD Guide Price £950,000 6 Stratford upon Avon View Country property

Sensible pricing is increasingly vital to a successful sale. Properties that seem expensive or over priced are not attracting interest, whilst those vendors who have embraced a strategy that attracts attention have not been disappointed with the result.

Rupert Wakley Office Head T +44 (0)1789 297735 [email protected]

PROPERTIES FOR SALE

Ebrington Cubbington Birdingbury Charming Cotswold stone village house Grade II Listed Georgian 4 bedroom Georgian farmhouse with outbuildings, with attractive gardens and views farmhouse with outbuildings swimming pool and lovely gardens

Guide Price £995,000 Guide Price £950,000 Guide Price £875,000

Exhall Tysoe Wellesbourne Light and spacious 5 bedroom village Listed Hornton stone 4 bedroom Charming 5 bedroom village house house with outbuildings and views village house with attractive gardens with character features

Guide Price £695,000 Guide Price £650,000 Guide Price £625,000

SOLD PROPERTIES

Ettington Welford on Avon Tanworth in Arden Substantial family house with garaging Beautifully presented 4 bedroom Individual 4 bedroom family house in and home office with land period property in attractive gardens a rural location with views

SOLD Guide Price £900,000 SOLD Guide Price £895,000 SOLD Guide Price £849,000 “Thank you for your perseverance and support. We appreciated your input and would not hesitate to recommend you.” Mr & Mrs Newman

Pinley Green Frankton Pillerton Hersey Traditional farmhouse with additional Beautifully located with leisure Attractive period property in 1.5 acres cottage, land and outbuildings facilities and views in a secluded location

Guide Price £875,000 Guide Price £850,000 Guide Price £735,000

Dumbleton Wootton Wawen Stretton on Fosse Charming village house with garage Attractive 4 bedroom Victorian cottage Listed cottage with ancillary and private garden with original features and views accommodation and generous garden

Guide Price £595,000 Guide Price £530,000 Guide Price £479,000

Milcote Ilmington Farnborough 5 bedroom family property in rural Grade II Listed 5 bedroom Cotswold Pretty Grade II Listed 3 bedroom location with splendid views stone village house cottage in this sought-after village

SOLD Guide Price £700,000 SOLD Guide Price £645,000 SOLD Guide Price £435,000 8 Stratford upon Avon View TOWN property

There is a real split between the town and country markets with quality properties in the town markets still very much in demand. We have seen an 86% increase in cash buyers registered with the office looking for properties in town compared with this time last year.

Judith Archer Associate T +44 (0)1789 297735 [email protected]

PROPERTIES FOR SALE

Chipping Campden Stratford upon Avon Leamington Spa Fine 6 bedroom Grade II Listed Fabulous family home in a premier Fine 6 bedroom Victorian town house Cotswold stone house location overlooking the river on Leam Terrace

Guide Price £1,950,000 Guide Price £1,550,000 Guide Price £1,350,000

Warwick Leamington Spa Rugby Beautifully sited 5 bedroom family Family property situated along one of 6 bedroom family house close to the house with lovely views Leamington’s prime locations town centre

Guide Price £1,200,000 Guide Price £1,200,000 Guide Price £1,150,000

SOLD PROPERTIES

Stratford upon Avon Stratford upon Avon Substantial and spacious 7 bedroom Handsome villa, situated in a private, 6 bedroom Edwardian property with detached Edwardian property elevated position planning permission to extend

SOLD Guide Price £1,250,000 SOLD Guide Price £1,150,000 SOLD Guide Price £995,000 “Judith was spot on with her valuation, always available, quick to respond and liaised well with all parties.” Mr & Mrs Green

Stratford upon Avon Leamington Spa Tiddington Substantial family property with 3 An elegant 6 bedroom detached Victorian Spacious 5 bedroom family property in acres on the outskirts of town town house with period features this popular location

Guide Price £1,250,000 Guide Price £1,250,000 Guide Price £1,200,000

Dorridge Stratford upon Avon Leamington Spa Substantial 6 bedroom family property 6 bedroom Edwardian town house in a Beautifully restored 6 bedroom with countryside views sought-after area of town Regency town house with period detail

Guide Price £1,150,000 Guide Price £915,000 Guide Price £850,000

Chipping Campden Leamington Spa Leamington Spa Deceptive 4 bedroom house within Substantial 5 bedroom family property in Handsome 5 bedroom Victorian town walking distance of the town centre a highly sought-after location house with flexible accommodation

SOLD Guide Price £879,000 SOLD Guide Price £740,000 SOLD Guide Price £725,000 10 Stratford upon Avon View Town property

The demand for quality town houses will remain strong going into the second half of the year. Anyone who is thinking of selling now should take advantage of the popularity of the town market and the number of proceedable buyers we currently have on our database.

Richard Symonds Senior Negotiator T +44 (0)1789 297735 [email protected]

PROPERTIES FOR SALE

Rugby Stratford upon Avon Leamington Spa Quality family home with contemporary Five-bedroom 1920s Arts & Crafts Attractive Regency town house in a design house with annexe desirable location in the centre of town

Guide Price £845,000 Guide Price £750,000 Guide Price £780,000

Warwick Leamington Spa Stratford upon Avon Period property offering commercial Elegant Grade II* Listed Regency town Town house within walking distance of and residential accommodation house the town centre

Guide Price £645,000 Guide Price £645,000 Guide Price OIEO £600,000

SOLD PROPERTIES

Leamington Spa Leamington Spa Rugby Grade II* Listed Regency town house Exceptional Regency town house Listed town house in the heart of town recently refurbished to a high standard

SOLD Guide Price £799,995 SOLD Guide Price £725,000 SOLD Guide Price £650,000 “We were particularly satisfied with Richard’s commitment, unfailing courtesy and professionalism.” Mr & Mrs Starkey

Chipping Campden Evesham Evesham Lifestyle/business opportunity in this Grade II Listed 6 bedroom Georgian Substantial 6 bedroom Georgian town landmark Cotswold stone property town house house with 0.5 acre

Guide Price £699,000 Guide Price £699,000 Guide Price £655,000

Kenilworth Warwick Stratford upon Avon Attractive 5 bedroom Edwardian town Georgian town house with ancillary 4 bedroom property in the sought-after house opposite Abbey Fields cottage and period features Old Town area

Guide Price £595,000 Guide Price £575,000 Guide Price £499,000

Stratford upon Avon Warwick Rugby Delightful 4 bedroom property in a Grade II Listed 4 bedroom period town 6 bedroom Regency town house with gated development house with period detail separate basement apartment

SOLD OIEO £600,000 SOLD Guide Price £470,000 SOLD Guide Price £450,000 1 UK NETWORK

1 Aberdeen 20 Hereford 13 2 Ascot * 21 Horsham 3 Basingstoke 22 Hungerford 4 Bath 23 Lauder 23 5 Beaconsfield 24 Leeds 27 6 Berkhamsted 25 London † 7 Birmingham 26 Manchester 8 Bristol 27 Newcastle 9 Cardiff 28 Oxford 10 Cheltenham 29 Sevenoaks 11 Cirencester 30 Sheffield 12 Cobham * 31 Sherborne 17 13 Edinburgh 32 Stratford-upon-Avon 24 14 Esher * 33 Sutton Coldfield 15 Exeter 34 Tunbridge Wells 16 Guildford 35 Virginia Water 26 17 Harrogate 36 Winchester 30 18 Haslemere 37 Worcester 19 Henley-on-Thames

* Lettings Service † 19 offices across Central London 33 7 32 37 20 28 5 6 10 19 2 25 9 8 11 22 14 4 35 12 29 3 16 34 36 21 18 Stratford-upon-Avon 31 Bridgeway House, Bridgeway, 15 Stratford upon Avon, CV37 6YX +44 (0)1789 297 735 KnightFrank.co.uk

KnowingKnowing thethe bestbest Knowing the sunniest Knowing the new owners hiding places have all this to come The sale is in the detail.

To hear more about why the Bowrys who will appreciate it as much as you do. This is why, when it was time for Keith and Sally chose Knight Frank, visit our website or call 020 3641 9565. “Knight Frank understood the property… our home is all about the setting”. KnightFrank.co.uk/FranklySpeaking

Important Notice 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 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 resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears. 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images are indicative only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT : The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in with registered number OC 305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.