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 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, and 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 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 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. 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.

wwLarger cottage with 2 reception ww2 reception rooms ww2 reception rooms ww4 reception rooms ww2 reception rooms ww3 reception rooms rooms and 3 bedrooms ww4 bedrooms ww4 bedrooms ww6 bedrooms ww5 bedrooms ww5 bedrooms wwSmaller cottage with ww3 bathrooms ww2 bathrooms ww3 bathrooms ww3 bathrooms ww3 bathrooms 1 reception room and wwTerraced creekside gardens wwIntegral double garage ww4 bedroom cottage and wwAttached 2 bedroom cottage wwCourtyard of outbuildings 2 bedrooms wwBoat house, slipway and wwLarge gardens with terrace 1 bedroom flat wwTwo 1 bedroom wwStables and tack room wwLarge walled garden and private quay wwOff road parking wwRange of outbuildings holiday cottages wwFenced paddocks private courtyard wwGarage and stables wwSwimming pool wwLinhay wwFloating pontoon wwExtensive grassland wwPrivate parking wwSummer 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. 8. 11. Bovey Tracey 12. 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.

ww4 reception rooms ww5 reception rooms ww6 reception rooms ww2 reception rooms ww4 reception rooms ww3 reception rooms wwLargest house: 4 bedrooms ww5 reception rooms ww5 bedrooms ww5 bedrooms ww7 bedrooms ww11 bedrooms ww6 bedrooms ww5 bedrooms wwThree 2 bedroom cottages ww5 bedrooms ww4 bathrooms ww4 bathrooms ww5 bathrooms ww4 bathrooms ww3 bathrooms ww3 bathrooms wwDirect water frontage to ww4 bathrooms wwConservatory and garage wwPotential for separate ww2 bedroom coach house ww3 bedroom detached wwTriple garage and workshop wwLandscaped gardens River Fowey wwTriple garage with gym above wwAll weather tennis court apartment wwExtensive stores coach house wwStudio and store room and terraces wwLandscaped garden wwHeated swimming pool wwExtensive gardens wwIntegral triple garage wwStunning gardens wwPrivate off road parking wwBeautiful landscaped gardens wwDouble garage and veranda wwLandscaped level gardens wwLandscaped gardens and woodland for about 6 cars with direct access to Dartmoor wwExtensive parking wwJetty, floating pontoon and with terraces 2 running moorings wwPrivate parking

Approximately 4,400 sq ft Approximately 5,067 sq ft In all about 35 acres Approximately 5,574 sq ft Approximately 3,443 sq ft Approximately 2,685 sq ft Approximately 4,370 sq ft Approximately 5,129 sq ft

GUIDE PRICE £975,000 GUIDE PRICE £1,350,000 GUIDE PRICE £2,500,000 GUIDE PRICE £795,000 GUIDE PRICE £875,000 GUIDE PRICE £1,200,000 GUIDE PRICE £1,550,000 GUIDE PRICE £1,300,000

8 | 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 | 9 A SELECTION OF RECENTLY SOLD PROPERTIES

5.  SOLD 6. Shellwood SOLD GUIDE PRICE GUIDE PRICE Devon £1,225,000 Cornwall £485,000 PROPERTIES sold IN THE west country Our track record has always set us apart from our competitors and illustrated below is an impressive selection of properties we have recently sold in the West Country.

1. Zeal Monachorum SOLD 2. Porthpean SOLD 7. Milverton SOLD 8. Exeter SOLD  GUIDE PRICE GUIDE PRICE GUIDE PRICE GUIDE PRICE Devon £525,000 Cornwall £1,950,000 Somerset £1,250,000 Devon £550,000

3. Upton SOLD 4. Budleigh Salterton SOLD 9. Stoke Fleming SOLD 10. St Breock Downs SOLD GUIDE PRICE  GUIDE PRICE GUIDE PRICE GUIDE PRICE Somerset £4,750,000 Devon £1,600,000 Devon £1,650,000 Cornwall £1,950,000

10 | 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 | 11 A SELECTION OF RECENTLY SOLD PROPERTIES

11. Exeter SOLD 12. South Brent SOLD 17. Exeter SOLD 18. Whitchurch SOLD GUIDE PRICE GUIDE PRICE GUIDE PRICE GUIDE PRICE Devon £169,000 Devon £1,300,000 Devon £1,495,000 Devon £1,600,000

13. Staverton SOLD 14. Higher Ashton SOLD 19. Rock SOLD 20. Venn Ottery SOLD GUIDE PRICE GUIDE PRICE GUIDE PRICE GUIDE PRICE Devon £2,500,000 Devon £675,000 Cornwall £2,250,000 Devon £550,000

15. PENTEWAN SOLD 16. Landulph SOLD 21. Swimbridge SOLD 22. Silverton SOLD GUIDE PRICE GUIDE PRICE GUIDE PRICE GUIDE PRICE CORNWALL £2,450,000 Cornwall £1,250,000 Devon £1,350,000 Devon £1,950,000

12 | 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 | 13 Selling, letting, consulting and research Knight Frank services

$EHUGHHQ Hampstead

Islington St John's Wood

SCOTLAND & HOME COUNTIES Hyde City Park Head Office NORTH Ascot* Notting Hill Marylebone Canary Edinburgh Esher* Wharf Kensington Mayfair Lauder Cobham* (GLQEXUJK South Wapping Coverage Aberdeen† Virginia Water *ODVJRZ Belgravia Global /DXGHU Kensington Glasgow† Haslemere Knightsbridge Chelsea Newcastle upon Tyne† Horsham Battersea Guildford* 1HZFDVWOH XSRQ7\QH Fulham Riverside NORTHERN ENGLAND Tunbridge Wells Richmond Harrogate Sevenoaks London Offices Leeds† Berkhamsted Manchester† Beaconsfield* Wandsworth Sheffield† Henley* Local Milton Keynes† CENTRAL Wimbledon Global Headquarters Cirencester SOUTH WEST 55 Baker Street Cheltenham Hungerford +DUURJDWH London W1U 8AN Reach Oxford Basingstoke /HHGV Worcester Winchester T +44 20 7629 8171 0DQFKHVWHU Hereford Exeter 6KHIILHOG Stratford-upon-Avon Bath Stow-on-the-Wold Bristol Birmingham† Sherborne Cardiff†

%LUPLQJKDP * Indicates offices with both sales and lettings teams 6WUDWIRUGXSRQ$YRQ † Commercial offices :RUFHVWHU 6WRZRQWKH:ROG +HUHIRUG 0LOWRQ.H\QHV 2[IRUG &KHOWHQKDP %HUNKDPVWHG &LUHQFHVWHU %HDFRQVILHOG +HQOH\ $VFRW LONDON &DUGLII %ULVWRO +XQJHUIRUG (VKHU 9LUJLQLD %DWK &REKDP 6HYHQRDNV %DVLQJVWRNH :DWHU *XLOGIRUG 7XQEULGJH :HOOV :LQFKHVWHU +DVOHPHUH +RUVKDP 6KHUERUQH Whether you are buying a beautiful house for personal enjoyment or want to invest in a portfolio of rental properties, we can help. ([HWHU

BUYING AND SELLING RESIDENTIAL RENTING, LETTING AND MANAGING CONSULTING AND PROFESSIONAL SERVICES PROPERTY RESIDENTIAL PROPERTY Our world-class research team ensures that we ww Finding a property to buy ww Finding a property to rent lead the field in understanding the key drivers of ww Financing your purchase ww Arranging a tenancy the residential property market. This means that ww Property search and acquisition ww Rental property for corporates we price and market property to deliver a sale or ww Services for international buyers ww Relocation services rental in the most effective way. ww Investing in property portfolio ww Valuations ww Valuations ww Services for landlords ww Valuations IMPORTANT NOTICE ww Letting your property ww Rural consultancy Property in central London please contact ww Property management ww Country house consultancy 1. Particulars: These particulars are not an offer or contract, 3.  Regulations etc: Any reference to alterations to, or use Knight Frank LLP is a limited liability partnership registered in w Noel Flint on +44 20 7861 5020 ww Lettings management w Renewables and sustainability nor part of one. You should not rely on statements by of, any part of the property does not mean that any England with registered number OC305934. Our registered ww Leasehold reform Knight Frank LLP in the particulars or by word of mouth or necessary planning, building regulations or other consent office is 55 Baker Street, London, W1U 8AN, where you may UK property outside of London please contact For more information on renting, letting and ww Property research in writing (‘information’) as being factually accurate about has been obtained. A buyer or lessee must find out by look at a list of members’ names. This report is published David Peters on +44 20 7861 1067 property management with Knight Frank Rupert Sweeting on +44 20 7861 1078 please contact To find out more about Knight Frank’s the property, its condition or its value. Neither Knight inspection or in other ways that these matters have been for general information only and not to be relied upon Frank LLP nor any joint agent has any authority to make properly dealt with and that all information is correct. in any way. Although high standards have been used in UK farms and estates please contact Tim Hyatt on +44 20 7861 5044 consultancy services contact James Thompson on +44 20 7861 1075 any representations about the property, and accordingly the preparation of the information, analysis, views and Clive Hopkins on +44 20 7861 1064 4.  VAT: The VAT position relating to the property (where any information given is entirely without responsibility on projections presented in this report, no responsibility or COMMERCIAL PROPERTY SERVICES applicable) may change without notice. Whilst every effort Property outside of the UK please contact the part of the agents, seller(s) or lessor(s). liability whatsoever can be accepted by Knight Frank LLP for NEW HOMES AND RESIDENTIAL has been made to ensure the accuracy of the information Paddy Dring on +44 20 7861 1061 any loss or damage resultant from any use of, reliance on Through our global alliance with US based DEVELOPMENT 2. Photos etc: The photographs show only certain parts contained in this publication, the publisher cannot accept Knight Frank’s property search service contact or reference to the contents of this document. As a general Newmark Grubb Knight Frank, the Commercial of the property as they appeared at the time they were responsibility for any errors it may contain. All rights Philip Selway on +44 20 7591 2647 division of Knight Frank encompasses over For more information about our residential report, this material does not necessarily represent the view taken. Areas, measurements and distances given are reserved. No part of this publication may be reproduced, 370 offices worldwide. development team please contact of Knight Frank LLP in relation to particular properties or For more information about financing and approximate only. Any computer generated images (CGI) stored in a retrieval system, or transmitted in any form Stephan Miles-Brown on +44 20 7861 5403 projects. Reproduction of this report in whole or in part is mortgage options with Knight Frank Finance, are indicative only. or by any means, electronic, mechanical, photocopying, To find out more about Knight Frank’s not allowed without prior written approval of Knight Frank to please contact recording or otherwise, without prior permission of Knight commercial property services contact the form and content within which it appears. Simon Gammon on +44 20 7268 2581 John Snow on +44 20 7861 1190 Frank LLP, 55 Baker Street, London W1U 8AN.

14 | 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 | 15 Understanding THE fi nest INVESTMENTS

WE KNOW FARMS AND ESTATES Seeing THE BEST Deals

We understand the diversity of rural estates and the reasons for acquisition and drivers of management. We work with owners to deliver their specifi c objectives.

If you would like to hear more please contact:

James Del Mar Head of Rural Consultancy +44 1488 498 003

Christopher Smith Rural Consultancy and Renewables +44 1179 950 438 KnightFrank.co.uk/rural

Appreciating what’s important

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