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Sherborne VIEW Property Market Focus - January 2013

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Sherborne VIEW Property Market Focus - January 2013 2013 2 Sherborne VIEW WELCOME Welcome to the latest edition of Sherborne View which we hope gives a good general market overview. We also showcase a selection of houses the Sherborne office currently has on the market and have recently sold. The residential market continues to be a thresholds and invariably offers fall in the Michael de Pelet, FRICS frustrating one for many vendors. The lower band. Clearly in many cases this Office Head number of buyers registering for 2012 price drop is too much for the vendors to T +44 (0)1935 812236 was down on 2011. Those buyers who are consider and consequently deals are not [email protected] in a proceedable position tend to remain agreed. However we believe that 2013 cautious, price sensitive and need to will see Stamp Duty issues find their satisfy many of their requirements before equilibrium and more fluidity will be seen making an offer. around these thresholds. There is a noticeable split in market Price growth in the prime central London levels with more transactions taking market continued in 2012. The Knight place below £1,000,000 than above it. Frank Prime Central London Sales Index This can be explained by the fact that showed prices rose approximately 7% to more buyers are looking at properties November 2012. Prices in London have that are less than £1,000,000 and there been climbing now on a monthly basis is a definite resistance to pay over since November 2010 and stand 52% £1,000,000 if the guide price is just above the post-financial crisis low of above this figure due to the Stamp Duty March 2009. Many of the transactions in threshold levels. Currently on properties London are with international vendors worth £500,001-£1,000,000 the Stamp selling to international purchasers and Duty payable is 4% of the purchase price, therefore this money has not yet filtered from £1,000,001-£2,000,000 this rises to down into the country market. However 5% and properties of £2,000,001 and lack of choice and high prices will no above, in accordance with recent doubt mean more people will look further legislation, incur a 7% charge. Buyers do afield and Dorset and the surrounds will not want to pay the extra tax at these see this benefit in due course. ...lack of choice and high prices will no doubt mean more people will look further afield and Dorset and the surrounds will see this benefit in due course Sales by price band Where do our buyers come from? under £500k 20% London 33% £500 to £750 25% South West 48.5% £750 to £1m 15% Rest of the UK 18.5% £1m to £1.5m 27.5% £1.5m to £3m 7.5% over £3m 5% *Figures reflect activity up to and including Q4 2012. Sherborne VIEW 3 KNIGHT FRANK FINANCE In a recent survey, 94% of our clients said the would definitely recommend our services to a friend. Knight Frank Finance is dedicated to All consultants at Knight Frank Finance negotiating the most attractive are specialists in their field and are property finance terms for clients from arguably the most respected team in its established lender relationships, property financing, enjoying excellent often securing deals unavailable relationships with high street lenders, elsewhere. major financial institutions and private banks. Subsequently, nearly half of the mortgage products sourced through To find out more about how Knight Knight Frank Finance in 2011 were not Frank Finance can help with your available on the high street. Knight property financing requirements please Frank Finance is able to offer advice on call us on +44 (0)203 641 9299 or visit mortgages and loans for all types of us at KnightFrankFinance.co.uk property, as well as other asset classes. Whilst specialising in sourcing large mortgages there is however, no minimum deal size for new mortgages or remortgages. BUILDING consultancy At Knight Frank, we can provide a comprehensive property service far beyond the buying or selling of your home. One of our most successful services is Listed buildings, means that we can our experienced Building Consultancy add value at an early stage of any team, which specialises in providing proposed property acquisition. This innovative solutions for all property also ensures that you remain true to the situations. These range from advice on heritage of your home. Where required, specific issues to the creation of our building survey reports can include bespoke buildings. The team also budget costings for any repair or provides full design services and maintenance requirements.” project management solutions to further enhance the delivery of projects Our building consultancy offers a full for its clients. range of design, contract administration, planning and building James Carter-Brown has recently joined control advice that can be tailor-made Knight Frank as Head of the Building to suit a wide variety of projects. Consultancy and Architecture team and Whether you are buying a property or has already attracted a number of new making developments to your current clients, providing a wide range of home, it is important to seek advice professional services including from an all-round property expert. building surveys. For more information, contact James James comments: Carter-Brown on 01488 688523 “Our extensive knowledge of the best historic properties, including Grade I 4 Sherborne VIEW country property Many people who have “held back” from buying are now ready to re-engage with the buying process. Increased activity was witnessed in the counties to the east of us (Wiltshire and Hampshire) in the last quarter of 2012. In Dorset and South Somerset we have certainly noticed some ‘green shoots’. We believe 2013 will see buyer and Luke Pender-Cudlip, MRICS seller’s expectations more closely aligned than they have been for Partner T +44 (0)1935 812236 many years creating a fertile environment for many transactions and [email protected] a busy year for Knight Frank. PROPERTIES FOR SALE Stalbridge Puddletown Stour Provost A classic Grade II* listed country house A beautiful and historic manor house Immaculately presented Grade II listed set within its own deer park in the heart of Hardy country former Rectory Guide Price £7,750,000 Guide Price £4,950,000 Guide Price £3,000,000 Glastonbury Stowell Beaminster Historic Grade II listed townhouse next Family house with extensive “eco” Spacious 1930’s house on the edge of to Glastonbury Abbey features the popular village of Beaminster Guide Price £1,395,000 Guide Price £1,350,000 Guide Price £1,350,000 SOLD PROPERTIES Stalbridge Bratton Seymour Beaminster Prominent detached house with Large farmhouse with stunning views, Splendid house sitting in its own cottage, outbuildings and land cottage and 27 acres wonderful unspoilt land SOLD Guide Price £2,350,000 SOLD Guide Price £1,450,000 SOLD Guide Price £1,350,000 “Knight Frank has been fantastic in a very difficult market. They were there 100% of the time making sure I was up to speed with what was happening.” Mrs M Shillingstone Tintinhull Affpuddle A fine country house with 11 acres An exceptional Grade I Listed village Grade II listed farmhouse with barns, house stables and outbuildings Guide Price £2,350,000 Guide Price £2,250,000 Guide Price £1,850,000 Blackford Holwell Coat Stunning Grade II listed family house Family home with 2 bed annexe, Fine Grade II listed hamstone village with garaging, pool and pretty garden outbuildings and paddocks house Guide Price £1,280,000 Guide Price £1,250,000 Guide Price £1,195,000 Ibberton Hornblotton Stour Provost Spacious former farmhouse with A pretty Grade II listed edge of village Edge of village house bordering the outbuildings and land farmhouse River Stour SOLD Guide Price £1,195,000 SOLD Guide Price £1,150,000 SOLD Guide Price £1,150,000 6 Sherborne VIEW country property 2012 proved to be a successful year in the core market with the majority of business done between £450,000 - £850,000. We continue to actively expand this marketplace and use high quality marketing material to promote our instructions. Simon Barker, MRICS Partner T +44 (0)1935 812236 [email protected] PROPERTIES FOR SALE South Petherton Cerne Abbas Sherborne Exceptional Grade II listed Georgian Grade II* listed house located in the Elegant townhouse within easy townhouse popular village of Cerne Abbas walking distance of the town centre Guide Price £1,100,000 Guide Price £1,050,000 Guide Price £950,000 Piddletrenthide Broadshard Wyke Hall Detached former mill with adjoining Attractive modern house with annexe Part of a fine historic property self-contained annexe Guide Price £650,000 Guide Price £625,000 Guide Price £550,000 SOLD PROPERTIES Piddletrenthide Lower Hadspen Long Sutton A distinctive Grade II listed village Attractive barn conversion Handsome edge of village property house with outbuildings SOLD Guide Price £995,000 SOLD Guide Price £775,000 SOLD Guide Price £695,000 “I would thoroughly recommend Knight Frank, always courteous, very professional and felt they had their finger on the button.” Mr & Mrs R West Stafford East Coker Nether Compton The principal part of a fine Grade II Attractive barn conversion with indoor Newly renovated family house in a listed former Rectory pool and large sports hall popular village Guide Price £995,000 Guide Price £795,000 Guide Price £650,000 Poyntington Lyons Gate Alton Pancras Immaculately converted village house Well presented family house Attractive detached family home Guide Price £500,000 Guide Price £445,000 Guide Price £350,000 Ilminster Charlton Horethorne
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