Savills Amersham and Beaconsfield Home Truths

Home , Amersham, Beaconsfield

Thursday 22 April 2021

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1 Welcome

Paul Jarman Faisal Choudhry Nick Pounce Chris Moorhouse

Head of Home Counties Residential Head of Sales Head of Sales Residential Sales Research Amersham Beaconsfield

[email protected] [email protected] [email protected] [email protected] 07967 555 434 07967 555 720 07824 592 170 07807 999 760

2 Q&A Panellists

Claire Pincott Hugh Maconochie

Head of Lettings Country House Department Amersham and Beaconsfield Home Counties

[email protected] [email protected] 07807 999 255 07870 999 589

3 Residential Market Outlook Faisal Choudhry, Residential Research

4 2020 anything but a normal housing market

1st modern-day Resulting in a recession where market driven by the economy those with and housing financial security market have rather than those moved in Government exposed to the different intervention on economic fallout directions jobs, earnings and Stamp Duty and a Low preceding benevolent price growth, approach to For whom a ultra-low interest mortgage reassessment of rates and early repayments housing needs expectations of a and priorities sharp V-shaped essentially recovery overrode marked it out as economics different

5 Exceptional market performance

South East market activity between June 2019 and March 2020 compared with June 2020 to March 2021

Net agreed sales Price reductions 110%

90% 95% 94% 70% 65%

50%

Mar 2021 - 30% Mar 2020 versus Mar 2020 versus 33% - 30% 10%

11% 14% 9% 13% 12% Jun Jun 2020

-10% -14% 0% Jun Jun 2019

-30%

-50% Under £100k £100k-£200k £200k-£300k £300k-£500k £500k-£1m Above £1 million

Source: Savills Research using TwentyCi 6 Sales agreed between June 2020 and March 2021 versus June 2019 and March 2020

Source: Savills Research using TwentyCi 7 The movers and the stickers

87% 1/3 51% 55% 44%

of those in The proportion of of those living in medium/ large of those in central of those living in those living in city the countryside towns or city London would small towns, centres or who are suburbs/ centres like their next villages or the suburbs who downsizing would like to home to be in a countryside would prefer their would prefer to remain in an city centre would like to next home to be in move into a urban area Increasing to 47% remain in one of a village or the village or small Increasing to 69% amongst the these locations countryside town of downsizers under 40s

Source: Savills Research Client Survey November 2020 8 Supply and demand imbalance across Amersham & Beaconsfield

Agreed Sales New Instructions +55% +2% (Q1 2021 v Q1 2020) (Q1 2021 v Q1 2020)

Source: Savills Research using TwentyCi 9 The impact on mainstream prices

UK Outer Metropolitan 20%

15%

10%

-5%

-10% Annual Annual house growth price

-15%

-20% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Source: Nationwide 10 Amersham & Beaconsfield £827K +3.6%

Buckinghamshire £511K +2.5%

Source: Savills Research using Land Registry 11 The impact on prime prices

Amersham Beaconsfield +4.1% +3.8% (Q1 2021 v Q1 2020) (Q1 2021 v Q1 2020)

Source: Savills Research 12 Prime values within a 30-minute commute of London

Inner Commute Towns

+3.8% Annual growth Inner Commute Inner Commute +18.2% Rural since 2007 peak +4.3% +4.6% Annual growth Annual growth Inner Commute +14.3% Villages +2.3% since 2007 peak since 2007 peak +5.1% Annual growth

+13.0% since 2007 peak

Source: Savills Research 13 Prime rental markets across the commuter zone

Increased More try tax and before you regulation buy tenants

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

More demand Low stock from Londoners levels

Source: Savills Research 14 London’s Commuter Belt Amersham & Beaconsfield

+5.4% +4.1%

Q1 2021 v Q1 2020 Q1 2021 v Q1 2020

Source: Savills Research 15 The importance of locality

Now Prior to Covid-19 60%

50%

40%

30% 55% 48% 20% 37% 28% 10%

17% 15% Proportion of respondents who ranked 1 as respondents Proportionorwho2 of 0% Park/Open space Family Shops/ local amenities Transport connection Schools Place of work

Source: Savills Research Client and Applicant Survey March 2021 16 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%

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 and Applicant Survey March 2021 17 Housing market outlook

5 years to 2021 2022 2023 2024 2025 2025

Prime Values UK Regional +20.5% +5.0% +4.0% +3.5% +3.0% +3.5% Prime Values within a 30- minute commute of +18.2% London +5.0% +3.5% +3.0% +2.5% +3.0%

Mainstream UK +21.1% +4.0% +5.0% +4.0% +3.5% +3.0%

Mainstream South East +17.0% +5.0% +4.5% +2.5% +2.5% +1.5% UK Residential 1.4 million 1.25 million 1.2 million 1.2 million 1.2 million +15.4% Transactions

Source: Savills Research 18 Thank you

20 The Amersham and Beaconsfield market

Buyer Sales Multiple Guide price Buyers from registrations* agreed* offers** achieved* London** +70% +158% +54% 98% +80%

*Source: Savills data, Jan – Mar 2021 v Jan – Mar 2020 **Source: Savills data, Apr 2019 – Mar 2020 v Apr 2020 – Mar 2021 21 SOLD properties in Amersham

The Green, Amersham Guide £895,000

Chalfont Avenue, Little Chalfont Guide £1.125 million

Chestnut Lane, Amersham Guide £1.25 million

Burtons Lane, Chalfont St Giles Guide £1.45 million

22 Lodge Farm

• Stunning conversion of former farm house and new builds barn style dwellings • Rural yet convenient setting within a mile of Little Chalfont centre and station • 6 units in total • Guide £925,000 - £1.775 million • Launching June 2021

23 High and Over

• One of Amersham’s Landmark properties • Iconic Grade II* listed detached property • Widely considered to be the first and finest Modernist style house built in Britain in 1929 • Guide £2.5 million • Launching from May 2021

24 Thank you

26 SOLD properties in Beaconsfield

Beacon Hill, Penn Guide £2.75 million

Great Hampden Guide £4.25 million

Poyle Lane, Burnham Guide £560,000

Penn Street Guide £1.25 million

27 Hughenden Valley SOLD Guide £1.75 million

28 Saunderton

• On the market with another national agent for 9 months

• No offers

• Moved to Savills

• Presentation refreshed

• Guide £2.995 million

• 9 viewings

• 2 international buyers bidding

• Sale agreed close to guide price

29 What does £1.25 million buy you in What does £1.25 million buy a village close to Beaconsfield… you in London…

• Cobblers, Penn, HP9 • Primrose Hill, NW3 • Beautiful period detached cottage • Upper floor apartment • Country style kitchen • Views over Primrose Hill Park • 3 bedrooms • 2 bedrooms, 2 bathrooms • 1,760 sq ft • 902 sq ft • Mature garden and outbuilding garage • Secure lock-up garage and storage

Source: Savills 30 What does your money buy What does your money buy you in Beaconsfield… you in London…

• Grove Road • Marylebone, NW1 • Guide £2.75 million • Guide £2.75 million • 5 bedrooms • 4 bedrooms • Detached • Terraced • 4,546 sq ft • 2,142 sq ft • £605 per sq ft • £1,284 per sq ft

Source: Savills 31 New instructions

Coming soon…

Near Princes Risborough Bledlow Ridge Beacon Hill, Penn

Furzefield Road, Beaconsfield Wilton Park, Beaconsfield Seer Green

32 Thank you