House prices create 27,000 more property millionaires in 2011

Provided by Barton Wyatt Surrey Estate Agents

Britain’s two-tier housing market has been laid bare by figures showing that 27,000 new property millionaires were created in 2011 despite prices overall falling by 3pc. New figures from Zoopla.co.uk, an online valuation service, say 26,744 more home owners had properties worth £1m more at the end of 2011 than at the same time last year, although the average British property value fell by 3pc to £221,128 over the same period.

“High prime demand” from equity-rich buyers and relatively low supply of large homes had created 73 new property millionaires every day in 2011, Zoopla said, and one in 108 homes was now worth £1m or more; at the peak of the property market in 2007 the figure was one in 97.

There are now 253,118 homes valued at more than £1m in Britain, the research found. The biggest rise in the number of property millionaires was in London, where the number grew by 18pc over the past year. Four in five homes worth more than £1m in Britain were located in London and the South East, with London accounting for more than half the national total (55pc).

London was also home to nine of the top 10 areas in Britain. The area with the highest proportion of £1m homes was Kensington W8, where 56pc of all homes were worth more than £1m. The only area outside London making the top ten was Virginia Water in Surrey, where 30pc of homes were worth £1 million or more.

Nick Leeming of Zoopla.co.uk said: “This data shows clearly how differently the top end of the market is performing from mainstream Britain.

“While most of the market is suffering from the impact of inflation, stagnant wage growth, the inability to secure mortgage finance and nervousness about the future of the economy, at the upper end of the market cash and equity rich buyers are enjoying some of the lowest mortgage rates in recent history.”

He added that “strong demand” from overseas buyers has boosted prices for homes in the capital.

Estate Agents Sunningdale

Buying a house has never been the same with the evolution of real estate marketing and the elements involved in it.

Nowadays, you can already buy a property that suits your budget perfectly.

Real estate agents Sunningdale play an important role in purchasing a house – this is because they know all about the industry and they can show you how to get your dream house without spending another dime in your pockets. The catch is – there are lots of predators in this industry that you have to be aware of so you won’t get ripped off or scammed in the process.

You need to be comfortable with the real estate agent that you will work with until you find the best house for you and your family – your dream house! You can do this by checking the agent in a real agent’s standards commission in your state or country.

Once you have found that the real estate agent you will work with is legit, you can be assured that you are in the right hands as you start checking out houses on your list.

Estate Agents Sunningdale

The Dorchester Collection’s move to Sunningdale last year to open their five star Coworth Park Hotel confirmed the village at the heart of an area that’s a playground for the rich, royal and famous. Its golf club is legendary, polo fields pristine and the nearby racecourse at Ascot, world-renowned. No wonder house prices reflect the area’s popularity as a great place to work and play.

The newest big development in Sunningdale comes from Bellway Homes. Boxwood Grange comprises 15 apartments that range from £395,000 to £795,000. Over the past three years apartment blocks have been built along the A30 to cater for the growing number of commuters, attracted by good road and rail links.
Prestige properties in spacious grounds are dotted around the village or near Sunningdale Golf Course. Homes on Fireball Hill, around Larch Avenue and Shrubbs Hill Lane all carry price tags in the small millions.
Sunningdale’s old village has remained virtually unchanged for years. You’ll find larger Edwardian properties, Victorian semis and a few modern family homes. Nearby Sunninghill also has period cottages, as well as a large family oriented development, Cavendish Meads. At the village’s heart are independent shops, including a café and deli.

While the area has not been totally immune to downward market trends, it hasn’t been affected as badly as most. Demand for good family houses remains strong, especially from those moving out of London.

Dan Burstow, Head of Savills Sunningdale says: “Activity is up, and May was the busiest month of the year to date in terms of instructions taken on and sales agreed.” He does, however, sound a note of caution when he says: “Purchaser levels remain relatively low and pricing remains key to a successful sale.”

Martin Burrow of Knight Frank agrees. He says: “Buyers are more educated and know more or less what a house is worth. If you have a decent house in a decent location and ask a realistic price, you will find a buyer.”

For more information on properties in the area for sale and to rent, please contact Barton Wyatt Estate Agents Sunnindgale.

Living in Glass houses – the secret to magnifying the value of your home?

According to RICS, adding a conservatory can raise your house’s value by a respectable 4% to 5% but is this the reality in today’s market?  James Wyatt, partner of privately owned estate agency Barton Wyatt Estate Agents Surrey shares his thoughts.

“If not done properly, conservatories can be design disasters resembling oversized porches crudely stuck onto the most convenient exterior wall with no consideration for the interior layout.  When care is taken however they can be a work of art, lovingly designed with care and consideration to the house and the environment that it is being added to,” comments James Wyatt.

“Once highly fashionable, the demand for traditional ‘conservatories’ has declined in our area with buyers now seeking “orangeries” instead alluding to a feature of luxury and sophistication. It seems to be all about perception,” he adds.

With the type of ‘orangeries’ prevalent in many of Barton Wyatt’s clients’ homes costing anywhere from £25,000 to £250,000 to install and planning permission often required; committing to additional space is not a light undertaking but for some having the extra space has become invaluable.

One such lady is Mrs Fernando who purchased through Barton Wyatt; she was so taken with the large conservatory, located just off from the kitchen. Covering some 500 square feet, the space has been designed into an L-shape in order to connect the main house with the swimming pool complex.

“When we moved into Broomfield House I quickly realised that in order to fully utilise the living space of the conservatory that it would need some serious refurbishment.  We installed a fully retractable seamless glass door system which meant that in the winter we can shut the room off and stay cosy in the kitchen and when the house needs cooling down we can throw the doors open and let the fresh air in.   I also had thermal glass installed at this time to keep the heating /cooling costs to a minimum,” explains Mrs Fernando.

“We also added in an air conditioning system.  This is, I believe, essential in any glass house.  Although we live in England, a glass room can get ferociously hot and needs cooling on hot days. In the winter the air conditioning unit is able to quickly and efficiently heat the room so it really has become an integral feature of the house.

“The final item that must be purchased is a decent set of blinds, without which you will find yourself having friends for dinner and all sitting there in sunglasses!” she advises.

So, if living in a glass house is for you then follow these top tips on installing a conservatory:

• Choose a design that complements the style of your home and make sure it doesn’t dominate your garden. Also think about its position: a south-facing conservatory needs ventilation and shade, while a north-facing room requires good heating.
• Check with your local planning department whether you need permission. If you’re within your home’s permitted development allowance (your local planning department can advise on this) and your conservatory is separated from your house by patio doors, you may be exempt
• Cheap doesn’t always mean the best. Obtain several quotes and do check feedback from other customers, the biggest and most vocal companies aren’t always the best either.
• Do your research – make sure you are buying the highest quality structure within your budget
• Do make sure you ask your builder what is included in the quote – is it inclusive of flooring and electrics or will you be left with a bare shell?
• Do install effective heating and ventilation arrangements so that you can use it in all seasons

The benefits of a conservatory are multiple; they give you greater living space and can add light into your home.  You can achieve the desirable feeling of bringing the garden into the home and they make fabulous spaces for entertaining.

And the downsides, well they can be very costly to build and will eat up a chunk of your garden.  If they are not properly ventilated this room will end up being too hot or too cold and then unusable.

So, is it worth while? James Wyatt says a definite yes!

“There is no point adding a cheap and nasty lean-to onto your house but if you have the funds and space to build something beautiful and tasteful then I would say yes every time. Done properly, it will add more value to your home than the cost of it. Our purchasers are always wowed when they walk into a conservatory that has had time, thought and energy put into and it will definitely help to sell your home.”

For more information on rental property Surrey area contact Barton Wyatt on + 44 (0) 1344 843 000 or visit www.bartonwyatt.co.uk.

 

James Wyatt

James Wyatt is the chairman of Surrey branch NAEA (National Association of Estate Agents), and partner at Barton Wyatt Estate Agents Surrey, which is a Broad based Estate Agency based in Virignia Water.

Sports and Property in Surrey

These days, Surrey is becoming a primary place with numerous real property with property owners and investors. Regardless of the property needs you wish to accomplish, the place has each alternative to fulfill it.

The residential market for property for rent in the Sunningdale and Surrey is extensively busy as various reasonably priced household apartments and flats are available for the rent.

Buying or renting a property is not a straightforward task.  Beyond falling in love with the property, the pinnacle must stay firmly on to factor in proximity to schools, transport hyperlinks, storage and parking facilities, and all your personal preferences for contented living.

Apart from these considerations, the decision is, at all times, influenced by local facilities and surprisingly, typically certainly one of these factors is the opportunity of watching prime quality sport without having to drive miles.

The Surrey/Berkshire borders are most likely the most effective location in the entire of the United Kingdom for the variety of skilled sport obtainable within lower than 30 miles.  Surrey estate agent, James Wyatt, of Barton Wyatt in Virginia Water is a real sports voyeur and talks us through the most well liked sporting locations in their vicinity:

“We’re blessed with a superb number of ‘prime title’ sporting venues on our doorstep.  There is barely a month in the 12 months the place you cannot be wowed by golf or tennis, not to mention our equine friends.

“Of course having so many world class venues does mean that we get to rub shoulders with many famous sports activities stars in Virginia Water and it is not uncommon to show the corner in Waitrose to bump in to any variety of World famous golfers.  Now we have bought and rented houses to many nicely-identified sports activities personalities.  Wentworth clearly attracts plenty of golfers but we’ve had just a few pop stars, entertainers and actors also.”

James’ love of sport has helped the success of this highly acclaimed Property Agency: “The previous adage of doing enterprise on the golf course may not pull the same punch as in earlier decades but the networking that comes from being seen and concerned in sport regionally has nice benefits in my business.”

Hopefully this epic list of sporting occasions has wetted your appetite for issues to return this 12 months – and that’s without pertaining to the excitement that 2012 will convey with the Olympics.

So when requested which was James Wyatt’s favourite he responded: “I could not presumably select – every of those sports are so unique to watch it could be unfair to declare one higher than another – however for ease of getting residence afterwards I suppose the PGA Golf at Wentworth does come up trumps!”

Property in Sunningdale

Sunningdale is a pretty little parish in Berkshire. And, it offers a lot of high-end properties as well.

However, to get exclusive access to the best properties on on offer, you need a dependable letting agents Sunningdale.

For example, Barton Wyatt provides the following property:

A beautiful modern property built in 2006 to very high standards and which has hardly been lived in.

Set behind gates in the quiet location of Shrubs Hill Lane this property offers very good living accommodation as well as guest and staff accommodation.

The accommodation comprises:

• marble entrance hall
• drawing room
• dining room
• study
• family room
• kitchen/breakfast room opening to sun room
• master suite with bedroom, sitting area
• dressing room and bathroom
• guest suite with dressing area and bathroom
• three further bedrooms each with an en-suite bathroom
• bonus room with fridge/utility area
• shower room
• staff bedroom and bathroom
• guest suite with living room, bedroom and bathroom
• double integral garage
• private rear garden.

Barton Wyatt provides a selection of other exclusive properties for rent in Sunningdale as well.

How to find the best property to rent in Surrey

When you are are tenant looking to relocate to an exclusive area, such as the county of Surrey, you need a professional letting and property management agency on your side to be able to find the best properties for rent in Surrey; whether it is a flat, house or a mansion you are after.

You should expect your letting agency to understand your individual circumstances and your requirements, and to provide the type of service you require. They should be able to accompany you to the viewings, and help you with all the ins-and-outs of the tenancy process as well.

Most important of all, your letting agency should have access to an exclusive and wide-range of property for rent in Surrey.

Here’s an example property:

A delightful family house standing in mature gardens and grounds situated on the famous Wentworth Estate with magnificent views down the 12th fairway of the East Course. The property has recently had a complete refurbishment and is presented in excellent condition.The accommodation comprises; entrance hall * cloakroom and cloaks cupboard *drawing room opening to large patio * dining room * study/library * family room * kitchen with breakfast room * utility room and secondary entrance * large master bedroom suite with sitting area, dressing room and bathroom enjoying fabulous views of the East Course * 4 further double bedrooms * 4 further bathrooms * guest suite over the garage comprising bed/sitting room, bathroom and kitchenette * triple garage * heated outdoor swimming pool * mature gardens.

Moving to surrey? – Here are some helpful ideas

In case you are pondering of relocating to Surrey then check out Barton Wyatt as they do have the best selection of Surrey homes available on the market today. Whether you wish to stay in Virginia Water, in Wallington, Epsom or Guildford, there’s a Surrey house to suit you.

The kind of property that you will discover will rely very a lot on which property agent you choose. Not each agent has a full record of Surrey properties and so it pays to shop around and find the suitable estate agent to your needs. And there’s a large choice of properties available for anyone searching for a house for sale in Surrey whether you desire a nineteen thirties semi, a refurbished Victorian terrace, or something a bit extra up market. When you find yourself house looking there are a selection of factors that you just need to remember, together with the native colleges (when you have youngsters) and the procuring and leisure facilities. Whereas public transport is quite good in lots of elements of Surrey, when you choose a property that’s more off the beaten monitor it’s possible you’ll effectively need your individual transport. Some parts of Surrey are very fairly, great to walk round or to go for an afternoon drive, which is why many individuals are on the look out of houses for sale in Surrey.

Once you begin your search for homes on the market in Surrey, you’ll find that almost all of them will have the sort of curb appeal that is arduous to search out in other areas, Surrey residents usually handle their gardens and the outside of their properties. You’ll probably have a hard and fast finances, notably beneath the present economic circumstances so it is smart to search out yourself an property agent who will do their best to get you a good price.
Find an property agent like Barton Wyatt, which has an intensive listing of homes on the market in Surrey, whether or not you are looking for a seven bed room mansion or three bed room semi. Some parts of Surrey are more fashionable than others due to the transport hyperlinks into central London, you can be in Waterloo in half an hour or so. Proximity to shops and transport will not be a priority for you, but for many people getting the practice into work is preferable than all the messing about with automobiles in central London.

One thing that you won’t need to worry about too much if you end up on the lookout for a house for sale in Surrey is crime. Most of Surrey is quite safe and since nearly all of homes are owner occupied that there’s a lot much less vandalism than there may be in inside city areas. Should you dwell in or close to London and are desirous about shifting in the near future, then it’s nicely price taking a look at homes for sale in Surrey.

Growing demands on the property in Sunningdale

Time On The Market Survey signifies that the property selling durations were lowered by 20% and three and four room houses are well-liked in the market. Also, James Wyatt from Barton Wyatt has said that the demand available within the market is in an increase and it’s a good time for both promoting and shopping for a property in Sunningdale. James Wyatt added, as an estate agent in Sunningdale, they’d lack of stock of property in Sunningdale, so they have been pressed for assembly the demands of the customers.

According to James Wyatt, the properties in Sunningdale are in prime places, effectively formed and good trying houses that are in a pure nature. Consequently, these features of the properties in Sunningdale cause receiving extra demands available within the market, and they promote fast. Based on the identical knowledge for the property in Sunningdale, terraced kind properties sell in 111 days, semi-detached kind properties sell in 115 days and detached type properties promote in 121 days.

Additionally, since the Sunningdale is nearer to international enterprise centres, and has renown golf programs that  host worldwide tournaments, it has an ideal potential as a significant enterprise area in real property domain.  In addition to that, with its international schools and amenities, the area is getting a more enticing place for the worldwide business individuals and golfers for living with their households in a property in Sunningdale.

The sellers who await some correct time as a consequence of economical expectations reminiscent of political occasions, financial improvements and regulations, should hurry for selling their properties in Sunningdale. The rising demands needs to be considered a superb alternative and exact time for selling the property.

Barton Wyatt will be in your service for you to sell or purchase a property in Sunningdale. Please feel free to call Barton Wyatt on 0134 484 3000 or visit Barton Wyatt at   www.bartonwyatt.co.uk for your inquiries on property in Sunningdale.

For extra reading please follow the links below
real property in Sunningdale – property in Sunningdale