North View Property Market Focus - Autumn 2012 2 North Surrey View WELCOME

Welcome to North Surrey View, our seasonal update on the property markets that matter to you. Along with a snapshot of activity in North Surrey, we discuss what’s happening in the wider country house market and how it is affected by the booming central London market.

We also outline how important it is to Singaporeans can now benefit from a expose your property to as wide an 40% discount compared to prices back audience as possible, and give you a in March 2008, thanks to the glimpse of some of our properties in combination of house prices and these the area, both for sale, sold and to let. currency movements. Those buying in US dollars can benefit from a 34% North Surrey properties are growing in discount, and Europeans can save favour with Londoners enjoying record more than 20%. prices in the Capital and overseas buyers benefiting from currency The lettings market in the North Surrey movements. region has remained strong and steady throughout 2012 which has been Average country house prices fell in fundamentally down to a high level of the second quarter of 2012, taking the demand but low stock at all levels, annual decline to 4.8%, according to from one bedroom apartments to six the latest Knight Frank Country House bedroom mansions. Historically there Index. has been a strong rental market in the region given its close proximity and Prices in the country house market are accessibility to Central London, now just slightly higher than in 2009, combined with an excellent choice of while prices in prime central London private, public and international have risen by 48%. For example, a schools making this a desirable and property valued at £1.8 million in prime sought after area for many. central London in early 2009 would now be worth around £2.66 million, The growing interest from London so the owners would have an extra buyers is demonstrated by the £864,000 to spend on a bigger country emergence of a number of country home or more land. 'hotspots' bucking the overall downward price trend, many of which Furthermore, currency movements are are close to or within commuting helping to make country property even distance of London. more attractive to overseas buyers.

Where do our buyers come from? Sales by price band

International 11% under £750k 19% London 26% £750k to £1.5m 35% South East 57% £1.5m to £2.5m 19% Rest of the UK 6% £2.5m to £3.5m 7% £3.5m to £5m 14% over £5m 7%

* Figures reflect activity up to and including Q2 2012. North Surrey View 3 KNIGHT FRANK FINANCE

In a recent survey, 94% of our clients said they would definitely recommend our services to a friend.

Knight Frank Finance is dedicated to minimum deal size for new mortgages negotiating the most attractive or remortgages. property finance terms for clients from its established lender relationships, All consultants at Knight Frank Finance often securing deals unavailable are specialists in their field and are elsewhere. arguably the most respected team in property financing, enjoying excellent Subsequently, nearly half of relationships with high street lenders, the mortgage products sourced major financial institutions and private through Knight Frank Finance in 2011 banks. were not available on the high street. To find out more about how Knight Knight Frank Finance is able to offer Frank Finance can help with your advice on mortgages and loans for all property financing requirements please types of property, as well as other asset call us on +44 (0)203 641 9299 or visit classes. Whilst specialising in sourcing us at KnightFrankFinance.co.uk large mortgages there is however, no

Taking your property global

Knight Frank’s 244 offices spanning 43 countries mean that our properties receive interest from buyers around the world.

With most buyers starting their With 600,000 visitors a month to our search online and would rather build property search online, your home for website, people from around the world a relationship with a knowledgeable sale has never had a wider audience. click through to Knight Frank property property expert. Most estate agents will have a direct details every five seconds, meaning feed to the ever-increasing number of that your property is exposed to the To view the website visit property portals, as well as displaying widest audience possible. Any of the search.knightfrank.com your home on their own website. 2.27 billion internet users across the world could be the right buyer for your However, to truly reach a global buyer home; so it makes sense that we make market and fulfil your property’s it as easy as possible for them to find it. potential, you need a global platform, which is why Knight Frank’s But it is not just digital media that is international network and pioneering important, only a comprehensive use of technology deliver a genuine presence in the international market competitive edge. Our global property can truly give your home the exposure search is now available in over 15 it deserves. Our offices around the different languages, including German, world are constantly in touch and Spanish, French, Russian and Chinese, introducing buyers from one country to and our iPad and iPhone app means another. Whilst the internet provides a that you can search for properties “near valuable platform, we understand that me” wherever you are in the world. busy people can struggle to find time to 4 North Surrey View country property

With continued uncertainty in the economy, the key to selling property is pricing. Properties considered to be overpriced are remaining unsold but keenly priced homes are selling quickly and often in competitive bidding situations. International buyers are driving the top end of the market and this looks set to continue throughout 2012. Alex Herman Partner & Office Head T +44 (0)1372 464496 [email protected]

SOLD PROPERTIES

Thames Ditton Esher ESHER Unmodernised 5 bedroom detached Charming 4 bedroom thatched cottage 5 bedroom character house located in house with PP to extend with outdoor swimming pool a private road

SOLD Guide Price £1,395,000 SOLD Guide Price £995,000 SOLD Guide Price £1,995,000

Esher Esher St George’s Hill Fantastic development plot STPP in Development plot in a popular private Single story 1 bedroom house within grounds of 0.81 acres road with PP exclusive private estate

SOLD Guide Price £1,500,000 SOLD Guide Price £1,195,000 SOLD Guide Price £1,250,000

PROPERTIES FOR SALE

East east Molesey East Molesey Newly constructed 6 bedroom house in Pretty 4 bedroom detached family Recently refurbished 6 bedroom a premier road house Victorian semi-detached house

Guide Price £2,145,000£xxxxx Guide Price £1,150,000 Guide Price £2,195,000 “It has been a joy to deal with you and you have looked after us very attentively from start to finish, always being on hand to give advice which we very much appreciate.” Mr W, St George’s Hill

East Molesey Esher Walton 4 bedroom detached house in a 3 bedroom detached house with Detached 5 bedroom house in need of premier road close to Hampton Court development potential modernisation or development STPP

SOLD Guide Price £1,295,000 SOLD Guide Price £995,000 SOLD Guide Price £1,795,000

East Molesey East Molesey East Molesey Pretty 4 bedroom period house with Recently refurbished 5 bedroom 4 bedroom period semi-detached secluded garden detached house with a secluded garden house close to Hampton Court

SOLD Guide Price £995,000 SOLD Guide Price £1,750,000 SOLD Guide Price £1,075,000

Claygate Walton 5 bedroom detached house in a quiet Detached modern bungalow located in 6 bedroom house in an elevated rural setting a private estate south-facing position

Guide Price £1,450,000 Guide Price £1,750,000 Guide Price £1,650,000 6 North Surrey View country property

Fresh buyers to the market place are understandably being more cautious this year, so sensible pricing remains crucial at all levels and will remain a constant factor for a successful sale during 2012.

Charles Davenport Partner & Cobham Office Head T +44 (0)1932 591600 [email protected]

SOLD PROPERTIES

Oxshott Cobham A stunning new home by iLife New build home on the Oxshott Way Character house on the Crown Estate in Developments Estate by Dolcetto 0.5 acre gardens

SOLD Guide Price £4,295,000 SOLD Guide Price £3,995,000 SOLD Guide Price £2,395,000

Cobham Cobham Stoke D'abernon Family home set at the end of a small Refurbished 5 bedroom house close to 1930s family home walking distance gated cul de sac the village of train station

SOLD Guide Price £1,425,000 SOLD Guide Price £1,295,000 SOLD Guide Price £1,195,000

PROPERTIES FOR SALE

Oxshott Cobham Oxshott Beautifully presented home within the Fairmile Estate location, offering Family house ideally located for all of Crown Estate set in 0.8 acres potential to extend STTP Oxshott’s amenities

Guide Price £5,500,000 Guide Price £2,495,000 Guide Price £1,650,000 “Knight Frank were extremely professional and demonstrated consistent in depth market knowledge.” Mr Kay, ‘iLife Developments’

Cobham Cobham Cobham Fairmile location, walking distance of Substantial house near the ACS Family home near Reeds School Cobham high street International School

SOLD Guide Price £1,895,000 SOLD Guide Price £1,795,000 SOLD Guide Price £1,495,000

East Horsley Leatherhead Effingham Set in a 0.5 acre gardens backing onto A period detached lodge house dating Exclusive development of luxury town woodland back to 1902 houses by Berkeley Homes

SOLD Guide Price £1,095,000 SOLD Guide Price £899,950 SOLD Guide Price £725,000

East Horsley Mickleham Cobham Distinctive 5 bedroom house with annexe, A stunning Grade II Listed knapped A unique attractive detached lodge located adjacent to woodland walks flint and mullioned stone faced house house, originally dating back to circa 1795

Guide Price £1,395,000 Guide Price £975,000 Guide Price £695,000 8 North Surrey View country property

The last three months have seen enquires for rental property in the area rise by almost 50% compared to the same period last year. With high demand from both corporate and private applicants, the market is extremely buoyant resulting in a shortage of property at all levels.

Amanda Driver Associate & Head of Surrey Lettings T +44 (0)1932 591606 [email protected]

LET PROPERTIES

Esher Long Ditton An exceptionally charming cottage Modern and spacious family home, An immaculately presented family style home overlooking village green close to all the local amenities home located in a gated development

LET Guide Price £2,500 pcm LET Guide Price £3,750 pcm LET Guide Price £4,950 pcm

East Horsley Oxshott Oxshott A beautiful character property situated in Detached family house situated in a Detached family home situated in an a private road location private gated development excellent commuter location

LET Guide Price £4,950 pcm LET Guide Price £6,750 pcm LET Guide Price £5,750 pcm

PROPERTIES TO LET

Esher Weybridge Esher A neutrally decorated spacious character Unique detached house located in the Stunning family home situated in a home in desirable private road location private St Georges Hill Estate premier private road

Guide Price £5,600 pcm Guide Price £6,500 pcm Guide Price £10,500£xxxxx pcm “We have used Knight Frank as our letting agent for many years. The access to potential corporate tenants has always been first class. The service level from Knight Frank is of a high standard and we have always been impressed.” Mr & Mrs M. Esher

Esher Esher Esher A beautifully presented family home Elegant living style of grand proportions Stunning chateaux style property on situated in a private road within an exclusive private location St. George’s Hill

LET Guide Price £8,500 pcm LET Guide Price £15,000 pcm LET Guide Price £15,000 pcm

Cobham Cobham Cobham Built to a high specification and providing A detached 5 bedroom family house in A luxury executive family home located spacious accommodation throughout a convenient Cobham location in one of Cobham’s premier roads

LET Guide Price £5,750 pcm LET Guide Price £6,950 pcm LET Guide Price £11,500 pcm

Cobham Cobham Cobham Detached family home with annexe in Detached executive home in a gated Individually designed family home small gated development development close to Osxhott station situated in a sought-after private road

Guide Price £5,500 pcm Guide Price £6,750 pcm Guide Price £10,000 pcm 10 North Surrey View Residential Development

The second half of this year is expected to provide a continuation of the recovery in the Residential Development market across prime areas of the South East. The three basic principles of location, quality and value for money will continue to inform the decisions of an increasingly discerning buying public. Ashley Mason Head of Sales, Residential Development Home Counties T +44 (0)1483 564660 [email protected]

PROPERTIES FOR SALE

Effingham Esher Walton-on-Thames Last remaining beautiful 4 bedroom A collection of exceptional homes, by Luxury mews houses with the over 60s house, by Berkeley Royalton in mind, by Octagon

Guide Price £xxxxx£695,000 From £975,000 - £2,350,000 From £550,000 - £675,000

Farnborough Esher Lincoln Court is the latest phase now A stunning development of 4/5 bedroom An exclusive development of just released, by Redrow homes, by Sheldon Homes seven 5 bedroom homes, by Berkeley

Guide Price From £164,950 From £1,295,000 - £1,595,000 From £1,425,000

SOLD PROPERTIES

Effingham Walton-on -Thames Esher All apartments in Grove House are now 16 luxury mews houses, 14 sold, 6 exquisite town houses, 5 sold/reserved 2 remaining sold/reserved, 1 remaining

SOLD Guide Price From £325,000 SOLD Guide Price From £550,000 SOLD GuideGuide Price Price From £xxxxx £2,350,000 country propertY

Despite global financial issues, St George’s Hill has confidently outperformed other areas. It is internationally recognised as one of the safest property investment addresses within the UK for cosmopolitan purchasers as communications, schooling and leisure pursuits are all catered for. Tim Garbett Chairman, Head of North Surrey Sales T +44 (0)1372 464496 [email protected]

St George’s Hill kenwood St George’s Hill 5 bedroom luxury house in landscaped Luxury mansion with staff Detached house and lodge cottage 1 acre gardens accommodation and rising driveway with 5 bedrooms

Guide Price £5,950,000 Guide Price £15,000,000 Guide Price £3,750,000

St George’s Hill St George’s Hill St George’s Hill New luxury 7 bedroom mansion 7 bedroom mansion commanding an A 6 bedroom modern home with a overlooking the golf course elevated plateau position bespoke design

Guide Price £15,000,000 Guide Price £10,950,000 Guide Price £8,750,000

St George's Hill St George’s Hill St George’s Hill 7 bedroom luxury home across 3 floors 7 bedroom detached house in 1.33 Level development plot of 1.3 acres totalling 11,175 sq ft acres

SOLD Guide Price £6,950,000 SOLD Guide Price £3,950,000 SOLD Guide Price £4,500,000 1 UK NETWORK

1 Aberdeen 20 Hereford 2 Ascot * 21 Horsham 13 3 Basingstoke 22 Hungerford 4 Bath 23 Lauder 5 Beaconsfield 24 Leeds 23 6 Berkhamsted 25 London † 27 7 Birmingham 26 Manchester 8 Bristol 27 Newcastle 9 Cardiff 28 Oxford 10 Cheltenham 29 Sevenoaks 11 Cirencester 30 Sheffield 12 Cobham * 31 Sherborne 13 Edinburgh 32 Stratford-upon-Avon 17 14 Esher * 33 Sutton Coldfield 24 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 Guildford 32 231 High Street, Guildford Surrey, GU1 3BQ 37 20 +44 (0)1483 564660 28 5 6 10 19 Cobham 2 25 9 8 11 22 14 50 High Street, Cobham, 4 35 12 29 Surrey, KT11 3EF 3 16 34 +44 (0)1932 591600 36 21 18 Esher 31 15 The Old Post House, 81 High Street, Esher, KT10 9QA +44 (0)1372 464 496 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.