Esher Sales Market Insight – 2018
Total Page：16
File Type：pdf, Size：1020Kb
ESHER SALES MARKET INSIGHT – 2018 Prime market update Figures from the ONS show Bella Tellwright, Head of Knight Frank’s Esher office Price growth across the UK has that the number of Londoners “ One of the biggest drivers of the market in Esher is education, we been relatively subdued over the moving to the wider area last regularly deal with buyers from London and around the world who past 12 months, with the towns year rose by move than 5% are looking to move to the area to take advantage of the numerous and villages in North Surrey no compared with 2016. Separately, excellent state and private schools located here. Areas such as exception to this. Prime values transaction data from the Land Hinchley Wood, Thames Ditton, Claygate, East Molesey, Surbiton in Esher fell by about 4% in the Registry shows that prime sales and Esher tend to be in highest demand for this reason. The fact third quarter of 2018, according volumes, while below long-term that central London is just a 30 minute journey by train adds to to Knight Frank data. However, averages, have held fairly steady this appeal, as does the recent opening of new restaurants and there are reasons to be positive. on an annual basis. amenities in the town centre.” Esher: Fact file Property sales in Esher Achieved prices, year to January 2018 -4.0% prime price change between July and Sept 2018 (Knight Frank data) 26% year-on-year increase in Knight Frank stock under offer in Esher over the year to Sept 2018 5.1% year-on-year increase in the number of Londoners moving to Elmbridge in 2017 (ONS) Property type Esher, all properties Flat 37% Terraced 17% Semi-Detached 24% Detached 22% Property age Esher, all properties Pre-1900 15% Sale Prices 3 Years to Dec 2017 1900-1939 34% £500,000 - £700,000 £700,000 - £1,000,000 1945-1972 25% £1,000,000 - £1,500,000 1973-1999 16% £1,500,000 - £2,000,000 £2,000,000+ 2000-present 9% Source: Knight Frank Research / VOA KT10, KT6, KT7, KT8 Source: Land Registry RESIDENTIAL RESEARCH ESHER SALES MARKET INSIGHT 2018 Average £psf in Esher Transactions in the year to January 2018 (£500,000-plus) ESHER SALES Bella Tellwright Office Head, Esher +44 1372 460891 [email protected] Matthew Scott Senior Negotiator +44 1372 460 892 [email protected] Average £psf RESIDENTIAL RESEARCH 3 Years to Dec 2017 Up to £575 Oliver Knight £575 - £625 Associate £625 - £675 +44 20 7861 5134 [email protected] £675 - £725 £725+ Source: Land Registry / EPC What do buyers spend? Important Notice Esher, since 2016 (Knight Frank sales, £500,000-plus) © Knight Frank LLP 2018 – This report is published for general information only and not to be relied upon 35% in any way. Although high standards have been used in the preparation of the information, analysis, views and 30% 30% projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank 25% LLP for any loss or damage resultant from any use of, 20% 20% reliance on or reference to the contents of this document. 20% As a general report, this material does not necessarily 16% 14% represent the view of Knight Frank LLP in relation to 15% particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior 10% written approval of Knight Frank LLP to the form and 5% content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with 0% registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at £500k to £1m £1m to £1.5m £1.5m to £2m £2m to £5m £5m+ a list of members’ names. Source: Knight Frank Research Transaction volumes and pricing data in Esher KT10, KT6, KT7, KT8 600 £700,000 £600,000 price of all sales Average 500 £500,000 400 £400,000 300 £300,000 200 £200,000 Number of sales 100 £100,000 0 £0 2009 2010 2011 2012 2013 2014 2015 2016 2017 TRANSACTIONS AVERAGE SALE PRICE (ALL MARKET) Source: Knight Frank Research / Land Registry Note: Variations in average sold prices between different time periods reflect stock sold and do not necessarily indicate price change.