AND LETTINGS INSIGHT 2019

Market Update Monthly asking rents in Esher and Weybridge and the surrounding area The number of properties listed for rent in Year to January 2019 Esher, Weybridge and the surrounding area l up to £1,500 fell 7.4% year-on-year in the second half of l £1,500 to £2,500 2018, according to data from Rightmove. l £2,500 to £3,500 This slowdown was particularly accute for l £3,500 to £5,500 properties which rent for between £7,000 l £5,500+ and £12,000 per month. Despite a fall in the number of properties available to rent, demand has remained robust. Knight Frank figures show year-on-year increases in both new tenant registrations and property viewings over the course of 2018.

Jamie-Leigh Harvey, Esher Lettings “We have noticed an increase in the number of ‘try before you buy’ tenants across the over the past year, many of whom tend to be flexible on location and happy to move around to find the right house, be that in Esher, Cobham or Weybridge. Demand from corporate tenants who are moving to the area for work, and at the super-prime end of the market, also rose markedly in 2018 and we expect such activity will continue this year.” Source: Knight Frank Research / Rightmove

Esher and Weybridge fact sheet

KEY STATISTICS PROPERTY TYPE AGE OF HOUSING STOCK

1.4% Annual change in rental values in South East Pre-1900 8% Flat 30%

11.7% Increase in property viewings in 1900-1939 36% Esher in 2018 v 2017 Terraced 19%

1945-1972 28% 36.1% Proportion of listings in Esher that were 2-bed flats in 2018 Semi-detached 26% 1973-1999 18%

26% Year-on-year increase in corporate relocation enquiries in 2018 Detached 25% 2000-present 11%

Source: Knight Frank Research / Rightmove / VOA RESIDENTIAL RESEARCH

ESHER AND WEYBRIDGE LETTINGS INSIGHT 2019

RESIDENTIAL RESEARCH Where is renting most prevalent in Esher and Weybridge? Number of lettings listings, year to January 2019

Oliver Knight Associate +44 20 7861 5134 [email protected]

Please get in touch If you are a landlord or a tenant and would like some help or information, we would love to hear from you

Source: Knight Frank Research / Rightmove

n Under 10 n 11 to 20 n 21 to 40 n 40 to 60 n 60-plus Jamie-Leigh Harvey Rental market analysis by property type +44 1932 591 612 [email protected] Average monthly asking rents, year to January 2019

Type Beds Average monthly Type Beds Average monthly asking rent asking rent Important Notice © Knight Frank LLP 2019 - This report is published for Flat 0 £799 House 2 £1,400 general information only and not to be relied upon in any way. Although high standards have been used in the preparation Flat 1 £999 House 3 £1,741 of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can Flat 2 £1,346 House 4 £2,530 be accepted by Knight Frank LLP for any loss or damage Flat 3 £1,758 House 5 £3,906 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 Lettings market breakdown by property type in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior 2.6% 19.9% 36.1% 4.4% written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, , W1U 8AN, where you may look at a list of members’ names. Source: Knight Frank Research / Rightmove 6% 13% 11% 7%

Lettings volumes and rental value data Esher, Weybridge and surrounds

Total listings Average asking rent

1200

1000 £2,000

800

600 £1,500 Total listings Total 400 Average asking rent Average 200

0 £1,000 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016 Q4-2016 Q1-2017 Q2-2017 Q3-2017 Q4-2017 Q1-2018 Q2-2018 Q3-2018 Q4-2018

Source: Knight Frank Research / Rightmove