Bath View Property Market Focus - Autumn 2012 2 Bath View WELCOME

Welcome to the Bath View, our seasonal update on the property markets that matter to you. Along with a snapshot of activity in Bath, 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 have risen by 48%. For example, a Charlie Taylor expose your property to as wide an property valued at £1.8 million in prime Office Partner audience as possible, and give you a central London in early 2009 would T +44 (0)1225 325999 glimpse of some of our properties in now be worth around £2.66 million, so [email protected] 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.

Sales by price band Where do our buyers come from?

under £750k 65% International 13% £750k to £1.5m 22% London 24% £1.5m to £2.5m 11% South West 55% £2.5m to £3.5m 1% Rest of the UK 8% £3.5m to £5m 1%

* Figures reflect activity up to and including Q2 2012. Bath 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

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 Bath View Town property

The Bath City market has been particularly active so far this year. The majority of our buyers come from our international database.

Lucy McIlroy Senior Negotiator T +44 (0)1225 325999 [email protected]

PROPERTIES FOR SALE

SAW CLOSE London Road East Sutcliffe House 5 one bedroom apartments due early 2 riverside apartments with communal A 2 bedroom apartment close to Bath 2013 boat with private parking

Guide Price from £215,000 Guide Price from £289,950 Guide Price £330,000

Cavendish Crescent Cavendish Lodge Widcombe A recently refurbished 2 bedroom A 2 bedroom apartment set in beautiful A recently refurbished coach house courtyard apartment grounds within a few minutes walk of Bath

Guide Price £399,000 Guide Price £495,000 Guide Price £599,000

SOLD PROPERTIES walcot lansdown widcombe A selection of studio and 1 bedroom A selection of 2 and 3 bedroom A 4 bedroom Victorian house close to flats with communal garden contemporary apartments the city centre

SOLD Guide Price from £120,000 SOLD Guide Price from £450,000 SOLD Guide Price £595,000 “Knight Frank have provided an excellent service throughout the whole sales process. We have felt confident about their local market knowledge and have trusted their advice.” Mr and Mrs Brown

CAMDEN Bathwick Catharine Place A Grade II Listed town house with A 1960’s house in need of A superbly presented ground floor fantastic views across Bath refurbishment apartment with courtyard

Guide Price £575,000 Guide Price £400,000 Guide Price £425,000

Sutcliffe House Circus Mews Combe Down A 4 bedroom town house with private A newly refurbished mews house in the A beautiful 3 bedroom house in a parking centre of Bath popular area of Bath

Guide Price £459,000 Guide Price £595,000 Guide Price £595,000

bathwick Sion Hill Grosvenor Place 4 bedroom town house close to the city An impressive 3 bedroom maisonette A beautifully refurbished 2 bedroom centre maisonette with garden

SOLD Guide Price £750,000 SOLD Guide Price £795,000 SOLD Guide Price £595,000 6 Bath View TOWN property

Here in Bath we are lucky enough to attract both purchasers and investors from all over the world. Bath’s immense heritage and culture has undoubtedly helped the city market stay resilient during the current difficult economic conditions.

Matthew Leonard Associate T +44 (0)1225 325999 [email protected]

PROPERTIES FOR SALE

New King Street North Parade Building Lansdown A charming 4 bedroom four storey A 5 bedroom town house in the city A bright and airy 4 bedroom bungalow town house in Bath centre with amazing views

Guide Price £695,000 Guide Price £695,000 Guide Price £775,000

Lyncombe Vale Lansdown Ridge Batheaston A substantial Grade II Listed A development of 4 newly built A refurbished period house with a semi-detached Georgian town house detached homes with stunning views 2 bedroom annexe

Guide Price £1,350,000 Guide Price £1,395,000 Guide Price £1,595,000

SOLD PROPERTIES

Sion Hill Lansdown Ridge Gay Street A Grade II Listed town house with A development of 4 newly built A delightful Grade II Listed 6 bedroom views over a golf course detached homes with stunning views terraced town house

SOLD Guide Price £1,300,000 SOLD Guide Price £1,500,000 SOLD Guide Price £1,750,000 “We are delighted with the service Knight Frank have provided and felt throughout they were the right choice.” Mr B Tobin

Batheaston Laggan Gardens Englishcombe Lane A newly extended and renovated 5 A 5 bedroom detached house within A detached 7 bedroom Edwardian Arts bedroom detached house walking distance of schools and Crafts house

Guide Price £999,950 Guide Price £1,200,000 Guide Price £1,250,000

Lansdown Place East Pulteney Road North Road A 4 bedroom Grade II Listed terraced An imposing town house with views of A unique Art Deco house close to Bath town house The Rec, The Abbey and beyond city centre

Guide Price £1,650,000 Guide Price £1,650,000 Guide Price £1,950,000

Winifreds Dale Great Pulteney Street The Circus A superb example of a Grade II Listed A delightful 7 bedroom Grade II Listed A recently refurbished town house in semi detached Georgian town house town house in the heart of Bath one of Bath’s most popular addresses

SOLD Guide Price £2,250,000 SOLD Guide Price £2,500,000 SOLD Guide Price £4,000,000 8 Bath View Country property

With the current market conditions, it has become so important to get your property to the widest possible audience as quickly as possible. With 244 offices worldwide including 59 in the UK, we are well placed to achieve this.

Francesca Leighton-Scott Country Administrator T +44 (0)1225 325999 [email protected]

PROPERTIES FOR SALE

Norton St. Philip Monkton Combe Castle Combe A recently refurbished 2 bedroom A detached cottage in a peaceful A period cottage on the edge of a coach house location beautiful village

Guide Price £375,000 Guide Price £399,999 Guide Price £440,000

Nettleton, wiltshire Biddestone, Wiltshire Lacock, Wiltshire An attractive former school set in 3 A pretty period cottage with A family home with glorious views acres countryside views

Guide Price £775,000 Guide Price £850,000 Guide Price £999,999

SOLD PROPERTIES

Norton St Philip Combe Hay St. Catherine, Bath A charming rural cottage near A pretty period cottage in a popular 2 semi-detached houses for renovation Warminster village just outside of Bath

SOLD Guide Price £275,000 SOLD Guide Price £450,000 SOLD Guide Price £500,000 “We are very happy with the result but in particular with your personal and professional approach.” Mrs M Gorley

Biddestone, Wiltshire claverton Burton, Wiltshire A charming terraced house in a pretty A 4 bedroom family home in a rural A 5 bedroom detached property in a village setting on the edge of Bath good North Wiltshire village

Guide Price £450,000 Guide Price £985,000 Guide Price £695,000

Camerton, , Somerset St. Catherine, Bath A delightful 17th century rectory in a An impressive detached former Stunning views over the St. Catherine Somerset village vicarage set in the heart of Somerset Valley

Guide Price £1,250,000 Guide Price £1,300,000 Guide Price £1,450,000

Upton Cheyney Saltford, lanhill, wiltshire A truly fantastic renovation opportunity A 5 bedroom stone built house dating A beautiful Grade II Listed stone barn with elevated views from the 18th century set in charming countryside

SOLD Guide Price £595,000 SOLD Guide Price £795,000 SOLD Guide Price £895,000 10 Bath View Country Property

Knight Frank continues to lead the way in the country with the largest dedicated country house team based in London and offices throughout the South West. As conditions get more challenging we have seen an increased demand for our national and international reach. Charlie Taylor Office Partner T +44 (0)1225 325999 [email protected]

PROPERTIES FOR SALE

Codford, Wiltshire Bitton, Gloucestershire steeple ashton A substantial family house with access An idyllic hideaway with a river A unique Grade II Listed property full of to good communications frontage character and charm

Guide Price £1,475,000 Guide Price £1,495,000 Guide Price £1,650,000

Little Keyford, Somerset Cold Ashton, Somerset , somerset Perfect, quiet, rural family living with A beautifully renovated and extended An attractive and compact sporting stunning, distant views farmhouse estate close to Bath

Guide Price £2,000,000 Guide Price £2,100,000 Guide Price £2,500,000

SOLD PROPERTIES

South Wraxall Wickwar, South Glouc , Somerset A 4 bedroom farmhouse, cottage and A spectacular family home with 3 bed An immaculately presented converted grounds in a rural village annexe and equestrian facilities farmhouse set in 15 acres

SOLD Guide Price £1,250,000 SOLD Guide Price £1,295,000 SOLD Guide Price £1,450,000 “Difficult economic times have not made this an easy process but your team has worked hard throughout.” Mr & Mrs L Pearce

St. Catherine, Bath Holt, Wiltshire , Somerset 2 newly converted barns with beautiful A period family house in a peaceful Regency splendour close to Bath views setting

Guide Price £1,650,000 Guide Price £1,695,000 Guide Price £2,000,000

Frome, Somerset wick, gloucestershire Timsbury, Somerset A fantastic family home set in 70 acres Everything a family would need An impressive and immaculate Georgian between Bath and Bristol Manor House with stunning views

Guide Price £2,500,000 Guide Price £2,750,000 Guide Price £3,000,000

Norton St. Philip Sandridge, Wiltshire Combe Hay Georgian village home close to Bath The complete family package with An immaculately restored family home far-reaching, fabulous views very close to the centre of Bath

SOLD Guide Price £1,700,000 SOLD Guide Price £2,500,000 SOLD Guide Price £2,850,000 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 Bath 31 4 Wood Street, Queen Square, 15 Bath, BA1 2JQ +44 (0)1225 325 999 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.