Local View2015 North Surrey I am privileged to work in and around such a sought after I am exceedingly privileged to be associated with the exclusive area of Surrey. It really does offer the best balance for families private residential estate of St George’s Hill in Weybridge. It coming from London and downsizers alike. Being so close to is one of the country’s foremost private addresses containing London but enjoying a safe village environment is why our area approximately 450 of the UK’s most beautiful luxury mansions Welcome to Local View is chosen by many prospective buyers; easily commutable and centred around a private members Golf Course and equidistant from London and Gatwick. quintessential English Lawn Tennis and Croquet Club. Alex Herman, Office Head Tim Garbett T: +44 1372 464496 T: +44 1372 464496 Welcome to the latest edition of Local View, our seasonal update on the property markets that matter to you. E: [email protected] E: [email protected] In here we highlight why we love North Surrey as well as showcase some of our favourite sales and lets from Office: Esher Sales Office: Esher Sales Years of experience: 15 Years of experience: 34 last year and look forward to 2015. Please contact your local team for more information and to find out what other opportunities we can offer. Cobham has a fantastic range of shops and restaurants combining High street names with independent boutiques Although close to London, Esher still retains the charm of a offering a mix of home furnishings and accessories. There are Knight Frank Cobham historic town with its picturesque Green and Tudor church. also some great food and coffee stores to start the day with, In particular, Esher is the home of Sandown Racecourse which 50 High Street and a range of restaurants for lunch and evening meals out. On average we have achieved 93% of the Cobham hosts races and events throughout the year and also offers Ben South Surrey golf, dry slope skiing and go-kart racing. guide price on sales in the past 6 months T: +44 1932 591606 KT11 3EF E: [email protected] Amanda Driver, Office Head +44 1932 591600 Office: Cobham Lettings T: +44 1372 464009 KnightFrank.co.uk/cobham Years of experience: 3 E: [email protected] Office: Esher Lettings The average local buyer spends £1.7m, Years of experience: 15 the same amount as the average London buyer Knight Frank Esher The Old Post House What makes Cobham special to me is the people who live and 81 High Street work here. The town’s bustling high street, sense of community Esher and fantastic selection of schools attract a huge cross section KT10 9QA Every day our properties are viewed of people, each with a different set of requirements who seek a 852 +44 1372 464496 Esher has a fine selection of restaurants, bars and pubs service that we are delighted to offer. times through our website KnightFrank.co.uk/esher offering a good selection of International cuisine. It is a popular place to live particularly as the mainline station provides a fast Charlotte Baylis and regular service to London. The surrounding commons T: +44 1932 591606 E: [email protected] provide a great place for walking, cycling and horse riding. Office: Cobham Lettings Years of experience: 7 Daniel Unger T: +44 1372 464009 E: [email protected] Office: Esher Lettings If sport and leisure is your thing, local health clubs include Years of experience: 4 Our area offers excellent state and private schools, fine David Lloyd, Nuffield Health and Weybridge Health Club. Ever since I moved from the peaceful Yorkshire Dales to the restaurants, boutiques, leisure facilities and easy access to Areas Superb local golf courses include St Georges Hill, Burhill, The hectic streets of London, the hills and woods of Surrey have of Outstanding Natural Beauty. My favourite spot is next to our Wisley, Effingham and The RAC. River activities can be enjoyed always been my escape; a place to find calm and relax. Surrey office; the regenerated Riverhill! along the Thames in Weybridge and Walton. Not forgetting the is uniquely placed to grant homeowners the feeling of space, Olympic cycle route on the edge of The Surrey Hills! beautiful countryside, and impressive schools all whilst only Charles Davenport, Office Head Tim Woods being a stone’s throw from one of the world’s premier cities. T: +44 1372 460887 T: +44 1932 591602 Adam Burlison E: [email protected] E: [email protected] T: +44 1932 591612 Tim Harrison Office: Cobham Sales Specialism: Finance E: [email protected] T: +44 1372 464496 Years of experience: 13 Years of experience: 19 Office: Cobham Sales E: [email protected] Years of experience: 19 Office: Esher Sales Years of experience: 10 North Surrey offers a wide variety of boutiques, coffee shops, I grew up in Elmbridge and went to school at Parkside in We have beautiful green countryside, with excellent access tea houses, restaurants and gastro pubs to satisfy all palates. Cobham. The area offers plenty of choice for children and With some of the best schools in Surrey and good transport to London and airports and some of the best schools in the For a family day out it is worth visiting the Medicine Garden in families alike. Personally, having a great selection of pavement links this area is a big draw for young families from London. country. Notwithstanding being rural and having a village Cobham, ideal for afternoon tea. Visit Painshill Park to enjoy a cafés, restaurants, a couple of fine dining gastro pubs and What I think is great about Esher and East Molesey is the atmosphere there are some fabulous restaurants and bars as picnic with a view or the RHS Wisley for long afternoon walks being less than 40 minutes from central London makes it the sense of community; for people moving into the area this is well as world renowned golf courses, polo, horse racing, and amongst horticultural beauty. ideal place to live! very important. amazing walks. Victoria Hall Nathaniel Bracegirdle Alex Philo Stuart Cole T: +44 1932 591604 T: +44 1932 591605 T: +44 1372 464496 T: +44 20 7861 5101 E: [email protected] E: [email protected] E: [email protected] E: [email protected] Office: Cobham Sales Office: Cobham Sales Office: Esher Sales Specialism: Country Years of experience: 15 Years of experience: 15 Years of experience: 12 Years of experience: 26 2 - Local View 2015 Local View 2015 - 3 2015 Forecast 2014 saw another steady rise in property values in the UK outside of London, yet the price differential between those and properties in the capital remains at a record level meaning that the country is great value for those looking to trade up and Registered voters out. However, uncertainty as a result of the upcoming General Election means that the market is undoubtedly going to differ this year. In spite of this, we expect demand will continue to increase, particularly in light of recent tax changes, especially for In 2010 there were 45,597,461 registered properties valued below £1m. voters, 3.1% more than in 2005 roperty prices for houses in the London have grown by 74% and are 32% country have been rising for seven above their previous peak, making the Pconsecutive quarters, the longest country good value for those wishing to period of sustained quarterly price growth trade up and out. House prices House price Annual change (%) since 2007. £500k to £1m 5.8% But there are signs that the momentum £1m to £2m 5.7% Rising confidence among buyers as a seen during the first half of the year has £2m to £3m 5.4% result of more positive economic news, eased. Uncertainty over the outcome of £3m to £4m 3.0% the ripple effect from London and growing the general election, an impending interest £4m to £5m 1.9% demand for family homes has resulted in rate rise and tighter mortgage lending have over £5m -1.1% improved conditions in the market in 2014, all cooled demand during the second half helping to release some of the pent-up of the year. Source: Knight Frank Residential Research demand that had built up following the downturn. There is some positive news however. Reforms to property taxation announced Figures released by the Land Registry by the Chancellor during the Autumn confirm this. Over the year to September Statement mean that the majority of home 2014, the number of homes sold for over purchasers will pay lower levels of stamp £500,000 in England and Wales was 42% duty when buying a house. As a result of higher than at the same time last year and the changes those buying homes worth up 74% higher than the corresponding period to £937,500 will see their tax bills reduced. in 2010. Additionally, there is an anomaly between £1,000,001 and £1,124,990 where less Properties in the southeast, within tax is payable under the new system. commutable range of a city and close to £500k to £1m £1m to £2m £2m to £3m £3m to £4m £4m to £5m £5m good schools have sold well. Continued The proposals are likely to be welcomed low interest rates and attractive mortgage by buyers, ultimately increasing transaction offers have also encouraged buyers to act. levels below the £937,500 threshold. That is likely to have a knock on positive impact on consumer sentiment. For all sales less than or equal to £2m The proposals are likely to be welcomed by buyers, ultimately increasing transaction levels below the £937,500 threshold.