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'Knight Frank Local View West Country, 2014' local View THE WEST COUNTRY • 2014 WELCOME TO LOCAL VIEW WHERE DO OUR BUYERS COME FROM? MEET THE TEAM William Morrison Welcome to the latest edition of Local View, our seasonal update on the property markets that matter T +44 1392 848823 to you. Along with a brief review of activity in the West Country, we have also included a preview of [email protected] Specialism: Prime country houses just some of the beautiful properties we currently have available. Please contact your local team for and farms and estates more information and to find out what other opportunities we can offer. Years at Knight Frank: 15 Richard Speedy As we enter 2014 we are already seeing signs that the market T +44 1392 848842 will continue apace this year and certainly we think it is the year “In 2014 we predict that the market will take off very early in [email protected] for buyers and sellers to get on with things. Without wishing January with a good full 12 months ahead of us for selling.” Specialism: Waterfront and country the year away, 2015 will be a General Election year and the 26% 47% 27% property throughout South Devon Will Morrison market notoriously goes quiet before that event. Our best London and Local Area Rest of the UK International and Cornwall Office Head advice is to take full advantage of the better market 2014 will Years at Knight Frank: 10 be. Whilst we are likely to see an increase of property coming Christopher Bailey to the market in the next 6-12 months, there will be SALES BY PRICE BAND T +44 1392 848822 a significant increase in activity from buyers as well. This will [email protected] The previous 12 months have seen a real sea-change in the be partly fuelled by the Government’s ‘Help to Buy Scheme’ Specialism: Waterfront and country whole market in the West Country. Buyer sentiment improved, and a lot of vendors and owners have waited for the market property throughout South Devon as did the willingness of vendors to listen to what the market to improve before bringing their property to the market. and Cornwall was telling them their property was worth. Year on year we saw Years at Knight Frank: 7 There is currently activity in the market at all price levels and the number of sales increase by 52% on the back of viewings in all areas with the City, Country and Waterfront markets all Chris Clifford increasing by 36% and offers made by 41%. improving significantly over the past 6-8 months. Sensible T +44 1392 848839 [email protected] pricing and exceptional presentation and preparation will Specialism: Country property in Devon, be the key to achieving a good sale this year. 46% 49% 5% West Somerset, Exmoor and Dartmoor Under £750k £750k - £3m Over £3m Years at Knight Frank: 7 For your free market appraisal please call +44 1392 423111 Alasdair Pritchard WHAT ARE OUR BUYERS LOOKING TO SPEND? Knight Frank Exeter T +44 20 7861 1098 19 Southernhay East, [email protected] Exeter, Devon EX1 1QD Specialism: Prime country and waterfront properties Years at Knight Frank: 4 Kevin Lockyer T +44 1392 848835 [email protected] Specialism: Formal valuations for secured 23% 52% 25% lending and tax planning purposes Under £750k £750k - £3m Over £3m Years at Knight Frank: 5 2 | Local View Local View | 3 a lifestyle choice POLPERRO GUIDE PRICE TALLAND BAY GUIDE PRICE LERRYN GUIDE PRICE KINGSWEAR GUIDE PRICE CORNWALL £795,000 CORNWALL £1,950,000 CORNWALL £630,000 DEVON £2,250,000 s an island nation, Britain has an enduring fascination with water and it’s a For a premium relationship that’s directly reflected in the prices we are prepared to pay for A a sea view or river frontage property. In some of the most prized locations, price tag, the premium stands at over 100%. just add water Despite having thousands of miles of coastline and estuaries, the UK still has an under supply of waterfront properties. With more people wanting to live by our beaches and rivers than properties available, market forces have driven prices up significantly over the years. For some it’s a retirement choice – the lure of a quiet life fishing and messing about in boats. For others it’s a lifestyle change, swapping their home in the commuter belt for more space and a gentler pace of life. Then there are the second-homers. A waterside bolthole for the family can also be an excellent source of rental income. Whatever the motivation for buying next to the water, it seems estuary living is the most highly prized choice. Whereas the average uplift for waterfront properties is 51.5%, the figure for properties with estuary views is 78%. And if a home has direct access to water, its own pontoon or slipway, this can as much as double the asking price compared to similar properties without this all-important feature. So what is it that makes the estuary lifestyle so popular? It could be the generally sheltered position of such homes – away from the winds, waves and erosion of coastal areas. There’s also often the option to moor a boat close to if not right next to the property. The wildlife can also be a big draw, with the population of birds in particular changing dramatically with the ebb and flow of the tide. Whatever your interest in waterfront property – whether you are looking to sell or to buy – our team has a wealth of experience of advising on some of the local area’s finest coastal and estuary real estate. From harbourside apartments and riverside family homes to contemporary cliff-top properties, we have a long track record of bringing buyer and seller together. If you would like to know more about how we could help, please do not hesitate to get in touch. 4 | For your free market appraisal please call +44 1392 423111 or visit KnightFrank.co.uk/exeter A SELECTION OF PROPERTIES for sale 3. Bovey Tracey 4. Exford Devon Somerset PROPERTIES for sale IN THE west country Below we highlight just a small selection of properties currently for sale in the West Country with Knight Frank. Please call to find out about other properties we have available which may suit your requirements. 1. Ashprington 2. Port Navas 5. Colan 6. Awliscombe Devon Cornwall Newquay Devon 1 Two very pretty cottages in 2 Immaculately presented south 3 Beautifully presented house in 4 Delightful Grade II listed house 5 Charming Grade II* listed 6 Delightful smallholding the centre of a prime South facing house with 70m of water an exclusive development in in the heart of the Exmoor longhouse with three cottages with attractive non-listed Hams village. frontage on the Helford River. the Dartmoor National Park. National Park. near the North Cornish coast. farmhouse and useful range of EPC rating D. EPC rating D. outbuildings. EPC rating C. w Larger cottage with 2 reception w 2 reception rooms w 2 reception rooms w 4 reception rooms w 2 reception rooms w 3 reception rooms rooms and 3 bedrooms w 4 bedrooms w 4 bedrooms w 6 bedrooms w 5 bedrooms w 5 bedrooms w Smaller cottage with w 3 bathrooms w 2 bathrooms w 3 bathrooms w 3 bathrooms w 3 bathrooms 1 reception room and w Terraced creekside gardens w Integral double garage w 4 bedroom cottage and w Attached 2 bedroom cottage w Courtyard of outbuildings 2 bedrooms w Boat house, slipway and w Large gardens with terrace 1 bedroom flat w Two 1 bedroom w Stables and tack room w Large walled garden and private quay w Off road parking w Range of outbuildings holiday cottages w Fenced paddocks private courtyard w Garage and stables w Swimming pool w Linhay w Floating pontoon w Extensive grassland w Private parking w Summer house and woodland Approximately 2,891 sq ft Approximately 1,971 sq ft Approximately 2,217 sq ft In all about 33.49 acres In all about 10.11 acres In all about 6 acres GUIDE PRICE £775,000 GUIDE PRICE £1,750,000 GUIDE PRICE £595,000 GUIDE PRICE £1,100,000 GUIDE PRICE £1,195,000 GUIDE PRICE £795,000 6 | Visit ‘My Knight Frank’ at KnightFrank.co.uk/exeter to register for alerts on the best properties for sale and research from around the world For your free market appraisal please call +44 1392 423111 or visit KnightFrank.co.uk/exeter | 7 A SELECTION OF PROPERTIES for sale 7. Otterton 8. Budleigh Salterton 11. Bovey Tracey 12. Newton Ferrers Devon Devon Devon Devon 9. Sheviock 10. Exeter 13. Fowey 14. South Whilborough Cornwall Devon Cornwall Devon 7 Spacious detached house with 8 Georgian Grade II listed 9 Beautifully restored Georgian 10 Large Georgian house now 11 Spacious contemporary home 12 Immaculately presented house 13 Four adjoining dwellings 14 High quality detached house in superb views over the Otter townhouse only 200m from property in a glorious divided up into letting rooms set in beautiful gardens on the overlooking the River Yealm to (10 bedrooms) that all currently a rural location built by Gerald Valley. EPC rating D. the beach. parkland setting. and currently generating over edge of the Dartmoor National Noss Mayo. EPC rating C. generate an income stream. Wood Homes in 2004. £50,000 per annum in income. Park. EPC rating D. EPC ratings E, F and G. EPC rating D. w 4 reception rooms w 5 reception rooms w 6 reception rooms w 2 reception rooms w 4 reception rooms w 3 reception rooms w Largest house: 4 bedrooms w 5 reception rooms w 5 bedrooms w 5 bedrooms w 7 bedrooms w 11 bedrooms w 6 bedrooms w 5 bedrooms w Three 2 bedroom cottages w 5 bedrooms w 4 bathrooms w 4 bathrooms w 5 bathrooms w 4 bathrooms w 3 bathrooms w 3 bathrooms w Direct water frontage to w 4 bathrooms w Conservatory and garage w Potential for separate w 2 bedroom coach house
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