Savills Sunningdale & Windsor Home Truths

Home , Holyport, Maidenhead, Sunningdale

Tuesday 23 March 2021

Welcome and thank you for joining.

You are on mute for the duration of the webinar.

We will begin shortly.

1 NATIONAL DAY OF REFLECTION

2 Welcome

Simon Ashwell Kirsty Bennison Charlie Fisher John Henson

Head of North Surrey Residential Head of Residential Head of Residential Residential Sales Research Sales Sunningdale Sales Windsor

[email protected] [email protected] [email protected] [email protected] 07870 999 142 07581 422 192 07870 999 586 07971 338 223

3 Q&A Panellists

Lauren Fell Adrian Moody Paul Finnegan

Head of Lettings Head of Lettings Country House Department Sunningdale Windsor Home Counties

[email protected] [email protected] [email protected] 07870 402 844 07972 000 243 07967 555 513

4 UK Residential Update Kirsty Bennison, Residential Research

5 The housing market in a snapshot

1st modern-day recession where Mainstream UK the economy Market driven by annual house and housing those with price growth market moved in financial security +6.9% to the different end of February directions Low levels of price growth Changing prior to Covid-19 lifestyles and & very low priorities interest rates Government January intervention transactions including +18% above furlough scheme 2020 and and stamp duty mortgage holiday approvals +29%

Source: Savills Research, Nationwide, Bank of England 6 Indicators of market activity

Agreed sales (net of fall throughs)

Whole market Over £1m 91% above normal +66%

200% 2019

- 150%

100%

56% above normal +28%

50% V average for month 2017month for average V

0% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21

Source: Savills Research using TwentyCi 7 More locally across Runnymede and Windsor & Maidenhead

-32% Sales agreed in Jan-Feb 2021 v 2019-20 average New instructions in Jan-Feb 2021 v 2019-20 average +14%

Source: Savills Research using TwentyCi 8 £582k Runnymede

£634k Windsor & Maidenhead

£1.05m Detached house

£960k Detached house

Source: Savills Research using Land Registry 9 £582k Runnymede

£634k Windsor & Maidenhead

£1.05m Detached house

£960k Detached house

Source:Source: Savills Savills Research Research using using Land Land Registry Registry 10 Prime price movements over 2020

+1.1% +5.6% -1.6% £2m+ All Prime Country Windsor London Houses Town +3.6% +4.4% All Prime Regional Sunningdale +3.1% +0.5% Inner Windsor Commute Surrounds

Source: Savills Research 11 Vaccine & relaxation of lockdown looks to boost confidence further

Net balance of opinion on commitment to move

Greater commitment to move in the short, medium & longer term +25% +23% +20% +19% Working from home, WiFi and garden/outside space are key priorities

Suggests demand is likely to remain strong throughout all of this year and into next Over the next 3 Over the next 6 Over the next 12 Over the next 24 months months months months

Source: Savills Research Client Survey March 2021 12 Prime market outlook

Driven by Vaccine & wealth and relaxation of equity as lockdown opposed to looks to boost mortgage debt But more confidence exposed to tax further Lifestyle rises and any factors remain political important uncertainty drivers over the Demand is Generally less medium term exposed to the likely to end of the remain strong stamp duty throughout all holiday of this year and into next

Source: Savills Research 13 Prime house price forecasts

2021 2022 2023 2024 2025 5-year

Prime Inner Commute +18.2% +5.0% +3.5% +3.0% +2.5% +3.0%

Source: Savills Research Note: These forecasts apply to average values in the second hand market. New build values may not move at the same rate. 14 Turning to the prime rental markets across the commuter zone

Increased More try tax & before you regulation buy tenants

Sharp rise in Tenants seeking applicant more inside and numbers outside space

More demand Best in Low stock from Londoners levels class favoured

Source: Savills Research 15 Sunningdale Windsor

+6.2% +3.4%

Annual growth 2020 Annual growth 2020

Source: Savills Research 16 Thank you

18 Windsor

Sunningdale

19 Our 2020 market in Sunningdale and Windsor

Buyer Sales Multiple Guide price Buyers from registrations agreed offers achieved London 49% 10% 60% 96% 26%

Source: Savills data 2019 - 2020 20 Sold properties

Bolton Avenue, Greenside, Windsor Wentworth Windsor Guide £1.7 million Sunningdale Guide £5.95 million

Spring Cottage, Jenkins House, Holyport Bagshot Windsor Guide £675,000 Sunningdale Guide £795,000

21 Bulkeley House, Englefield Green, Windsor Guide £5.6 million

22 Sunningdale Lodge, Sunningdale Guide £8.25 million

23 Our 2021 market in Sunningdale and Windsor

Buyer Sales Multiple Guide price Buyers from registrations agreed offers achieved London 10% 64% 43% 96% 35%

Source: Savills data January-March 2021 24 Key factors driving our 2021 market

Outside Restrictions space and easing home office

Stamp duty Value for holiday money

Country lifestyle in Limited commuter supply belt

Source: Savills 2021 25 Park Street, Windsor

• Moved to Savills and re-launched at the start of the year

• Under offer in February

• Improved Windsor town market

• Guide £2.795 million

Windsor

26 Friary Lodge, Ascot

• Moved to Savills in February 2021

• 15 virtual viewings, 10 viewings

• Sale agreed very close to guide price within 3 weeks

• Guide £1.875 million

Sunningdale

27 What does your money What does your money buy you in Sunningdale buy you in London

• Merlin House • Bayswater W2 • Guide £3 million • Guide £3 million • 6 bedrooms • 3 bedrooms • Detached • Basement apartment • 7,077 sq ft • 1,987 sq ft • £423 per sq ft • £1,509 per sq ft

Source: Savills 2021 28 What does your money What does your money buy you in Windsor buy you in London

• Queens Acre • Fulham SW6 • Guide £1.595 million • Guide £1.65 million • 5 bedrooms • 4 bedrooms • Detached • Terraced • 3,493 sq ft • 1,633 sq ft • £457 per sq ft • £1,010 per sq ft

Source: Savills 2021 29 New Instructions

Windsor Sunningdale Windsor

Sunningdale Windsor Sunningdale

30 Thank you