Designer homes for downsizers

Downsizing doesn’t mean forsaking luxury. And it doesn’t mean moving into a shoebox either. Bespoke home specialists Millgate Homes is selling refined luxury new homes in the heart of leafy Surrey.

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Already half the beautiful five-bedroom, detached homes in Regency Place in Walton-on-the-Hill have sold to downsizers in their early 60s. “Even in a difficult economic climate the fundamentals remain true,” says sales and marketing director Jonathan Cranley. “It’s all about the right property in the right location at the right price. These new homes offer space and light as well as all the convenience for modern living.

“Downsizing comes in all shapes and sizes dependent on what you are starting with. In Surrey it is not unusual for a family to be living in an eight-bedroom house with four acres of land including tennis court and pool. Houses such as these take great swathes of time to maintain. They are often older homes which are costly to repair, hard to clean and with gardens that require a fleet of expensive staff.

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“The clients that are downsizing to new homes in Walton-on-the-Hill are doing just that. They are thrilled to be moving to new-build home that is very easy to maintain, has a 10 year NHBC Buildmark Warranty and much smaller garden that will be a pleasure to maintain rather than a never ending chore.”

Millgate homes are all built using quality materials including solid wooden floors, marble bathrooms and the latest energy saving technology.

For more information contact Millgate on 0118 934 4455 or visit www.millgatehomes.co.uk

Foreign investors snapping up majority of London’s prime new housing

Foreign investors have snapped up between 65-70% of the new build homes in prime London over the past two years, research by property consultancy Chesterton Humberts has revealed.

An individual 6 bedroom private residence  An individual gated private residence located just two miles from Ascot highstreet in the picturesque village of Sunninghill

According to Humberts, the international appetite for London property has allowed the new build sector to remain buoyant, as average new build residential prices in the capital rose by 56.3% between 2009’s quarter 1 2009 and 2013’s quarter 2.

In addition to Chinese, Russian and Middle Eastern lifestyle buyers that have previously driven the market, Humberts has noticed an increase in buyers from these countries looking primarily for investment purposes.

It has also identified a number of new nationalities that are becoming more active in the London property market, including Nigerians, French and Greeks, due to political strife, economic difficulties and tax threats to personal wealth.

Humberts says that London’s established safe haven status, combined with its legal transparency and the good long term performance of its property market, means that it features on many international buyers’ wish lists.

Humberts’ head of international residential developments, Samuel Warren, highlighted that there was £2.2 billion of investment in luxury new build homes last year and expects this figure will be exceeded this year.

He said: “With demand for prime new build properties set to remain robust and new supply struggling to keep up, we expect investment volumes will be higher this year than last.

“The relative weakness of sterling means that many overseas buyers can achieve effective discounts on purchase price whilst acquiring an asset that will almost certainly appreciate considerably over time and which they will have little difficulty in selling when the time comes.”

80 years on and Orwell’s North/South divide remains very much alive and well

1492In the 1930’s George Orwell, wrote about the chasm that grew between the North and South of England; he noted the indifference which southerners often appeared to express over the fate of those living in northern areas – the places that had become most blighted by economic downturn.

80 years on from Orwell’s observations, research suggests that there remains real hard evidence of a North/South divide. Life expectancy is one year less north of the dividing line, adolescents in the south are much more likely to attend red brick universities than from the north and if you view a political voting map, the line often separates red from blue. Looking at property prices, which are often thrown into the discussion of a North/South divide, it is a little less clear cut. House pricing differentials are said to create a gap that prevents people from the north venturing south but where realistically is the line and how does it affect where you buy a house?

Town

Average house price in last 3 years*

Population

Distance north of London

Cobham

£857,768

16,724

N/A

Gerrards Cross

£655,402

7,333

27 Miles

Leighton Buzzard

£219,563

11450

33 Miles

Chapeltown

£145,946

11,717

48 Miles

Desborough (close to Kettering)

£148,939

10,697

50 miles

Long Eaton

£127,524

13,632

58 Miles

* Figures taken from Zoopla

The below graph of house prices over the past three years charts a line that heads roughly north from Cobham in Surrey revealing a decline in average house prices until you hit the Leighton Buzzard area where pricing appears to level out suggesting perhaps that the North/South divide might occur somewhere between Buckinghamshire and Bedfordshire.

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Gerrards Cross sits just 33 miles south of Leighton Buzzard and yet average house prices are 60% higher cementing this ever popular town’s position firmly in the south. Indeed with commuting distances to London often cited as key house price factors, it’s no wonder that towns and villages such as Gerrards Cross which can speed workers into the Capital in under 35 minutes command such a premium.

1679159_Gerrards_Cross_WaitroseRecent research also shows that living close to a top notch High Street can add pounds to your property and if you have a Waitrose nearby then you really are onto a winner as Savills, the real estate services provider compared average house prices in postcodes where Waitrose branches have opened in the past five years to other districts elsewhere in the same county and discovered that prices near a branch of the supermarket were on average 25.3% higher.

Gerrards Cross is blessed with both a bustling High Street and the hallowed Waitrose as well as the wider amenities of Beaconsfield on its doorstep with the BBC’s Declan Curry even going as far as to describe it as “Britain’s richest town”.

Alderbourne Place Millgate, the luxury house builder recently finished a development of town houses and detached houses just a mile from Gerrards Cross High Street. Alderbourne Place enjoys a perfect blend of seclusion and comfort offering the very best of town and country living, nestled in rolling green-belt countryside.

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Jonathan Cranley , Sales and Marketing Director for Millgate comments:

“It is with pride that we hear that the show home at our newest development, Alderbourne Place, being referred to as ‘Best in Bucks’. If I was commuter looking to leave the hustle and bustle of London then Gerrards Cross would be high of my list of places to consider, it is rural yet sophisticated, there are great schools in the area and Buckinghamshire is blessed with still having the grammar system in place which is a huge benefit for some.”

This fabulous new Millgate development consists of eight impressive country homes and four town houses of unrivalled pedigree in the area with the show home hailed as the ‘Best in Bucks’ by locals and agents in the area.

Priced from £930,000 for a town house and from £2,100,000 for a detached country house, contact the sales team for further information or to arrange a viewing on 0118 934 3344or visit http://www.millgatehomes.co.uk.

Somwhere for the weekend

We recently pointed out 5 reasons to think of moving to Farnham, well here’s another one. Following a hugely successful 2012 which saw the total number of Brasserie Blanc restaurants increase to 18, Raymond Blanc‘s collection of authentic French brasseries celebrates 2013 with another new opening, this time in Farnham.

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Brasserie Blanc is located in a three-storey listed building on Castle Street in the heart of the town.

This warm and welcoming 100-seater restaurant provides great value and accessible French food. It also has a separate bar area and an al fresco terrace with room for 40 covers.

All dishes at Brasserie Blanc Farnham have been created by Raymond Blanc, with many inspired by his mother, Maman Blanc. As with every one of the restaurants, Clive Fretwell, the group’s executive chef and former head chef at the iconic Le Manoir aux Quat’Saisons, will oversee the menu.

Dishes change according to the seasons, but the menu will include such delicacies as Burgundian snails in garlic herb butter; slow cooked belly pork, roast green apple sauce & spring cabbage; pan-fried Atlantic cod fillet, Grenobloise sauce & prawn potatoes; free range Cornish steaks and Brasserie Blanc’s legendary flaming Baked Alaska.

In addition to the à la carte menu, Brasserie Blanc Farnham also offers The Raymond Blanc Lunch. Made using fresh, seasonal ingredients, and changing every month, this will be priced at just £11.50 for two courses or £13.95 for three. It is also available in the evenings, priced at £14 for two courses.

Said Raymond Blanc, “I am delighted that we will be opening our first restaurant of 2013 in Farnham. This pretty and historic market town is the perfect match for Brasserie Blanc, and I am looking forward to a very successful partnership!”

For more information, visit www.brasserieblanc.com/farnham

Edwards & Elliott appointed selling agents of new luxury apartments on the site of late Rita Hayworth’s Berkshire mansion

Ascot has been named by the Sunday Times as one of the top 12 places to live in the UK and with good reason.

Best known for horses and hats, for one week in June this Berkshire town is taken over by thousands in top hats, tails, high heels and exotic headdresses all attending the Royal Ascot meet. Beautifully portrayed in My Fair Lady, the lyrics say it all – “Every Duke and Earl and peer is here, everyone who should be here is here; for the smashing, absolutely dashing spectacle, the Ascot opening day.”

But once the Pimms has all been poured and the last strawberries and cream served, Ascot returns to normal life. Shoppers hit the traditional high street bustling with friendly cafes and independent retailers, children attend some of the finest state and private schools in the country and workers head to the Ascot Business Park or into London, a mere 25 miles away.

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Life in Ascot is charmed and the town has a rich history of attracting the great and the good including the late Rita Hayworth who owned a mansion here in the 1950s. A keen race goer, silver screen icon Rita used the mansion when attending Ascot with her husband Prince Aly Khan. The property, Westbrook House, fell into disrepair after her death in 1987 and has now been purchased by local award-winning developers, Millgate.

Jonathan Cranley, Sales and Marketing Director for Millgate comments,

Westbrook House was a stunning mansion property in its day but sadly it is in such poor condition that restoration works are no longer viable. Keen to put some glamour and glitz back into the site which is directly opposite the legendary Ascot racecourse, we are replacing the property with fourteen high specification luxury apartments due for completion by early 2014.

“The 2 and 3 bedroom apartments are large (from 1,380 sq ft to over 3,000 sq ft) and designed specifically for those looking for a prestigious home, with light, outside space, security and the ability to ‘lock up & leave’. Westbrook House is very special and due to its location most apartments will have direct views towardsthe racecourse and new grandstand.”

Millgate have appointed Ascot-based selling agents Edwards and Elliott to market the properties with Richard Cracknell, Director for the branch commenting,

“Following the great success of Millgate’s magnificent development, Brockenhurst House in South Ascot, we are delighted to be involved with their latest apartment project, Westbrook House.

“We anticipate the main buyers of these fabulous homes to be local residents, those downsizing from larger houses in the area. 80% of the buyers at Brockenhurst House were active retired people, many of whom had second homes overseas and were looking for a more manageable property in Ascot. However these apartments will also appeal to professionals looking for an easy lifestyle and also to investors.

“Although, not due to be launched until the end of 2013, we are already receiving daily enquiries about Westbrook House. The location, design, the specification and finish and, most of all, Millgate’s reputation for excellence, is combining to create an amazing demand.”

All fitted with bespoke luxury kitchens and bathrooms these apartments shout indulgent living. The development has secure underground parking with spaces for two cars per apartment. For further information on these must have apartments please contact Millgate on 01189 348 085 or visit www.millgatehomes.co.uk.

Fabulous Farnham: 5 reasons to make the move

There is something very appealing about living in a market town and Farnham is no exception.  Traditional yet bustling, this town nestled on the South West corner of Surrey is steeped in history, its narrow streets lined with some of the best Georgian architecture in the South East and there is even a castle dating back to the 12th Century.

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Already home to 38,000 people, Farnham is fast becoming a much sought after location in which to live with the population rising very gently. Farnham is quite simply fabulous and here are 5 reasons why you should make the move:

1.       Hotspot for culture vultures

You do not need to be a culture vulture to enjoy being in Farnham but if you have an interest in history, architecture and the arts then you will not be disappointed.  Historians claim that there is evidence that Stone Age Man lived here – but walking around the town you are more likely to be impressed by Anglo Saxon, Norman and Georgian periods – all very visible in the town.

The High Street is packed with antique shops and just outside Farnham sits the much loved Bourne Mill Antiques Centre which offers hours of amusement poking around its creaky ancient interior looking for treasures. 70 + dealers are spread over four floors in this unique building which has rightly been described as an Aladdin’s Cave.

 

And if it is music and theatre culture you are after then Farnham doesn’t disappoint. The Farnham Maltings is synonymous with theatre, craft, music, film and festivals!  After a massive restoration programme 20 years ago, the Maltings provides space for many different activities including artists’ studios, galleries, the Riverside Café and Cellar Bar, Dance Studio and Nursery.

2.       Market Town kudos

Market towns originated in the medieval period – it was a  settlement that had the right to host markets thus distinguishing it from a village and city.  In pre-19th century England the majority of the population made their living through agriculture and farmers brought their produce to markets often held on the grounds of their church after worship.

Farnham is located midway between Winchester and London and in 1138, Henry de Blois started building Farnham Castle to provide accommodation for the Bishop of Winchester in his frequent journeying between his cathedral and the capital. The castle´s garrison provided a market for farms and small industries in the town, accelerating its growth so the market town of Farnham was born.

Local estate agency, Strutt & Parker report that 24.7% of buyers relocating from London are heading to the South East of England, looking for a more rural life and only last year the Daily Mail stated that the “average home in a market town costs nearly £23,000 more than the average home in the rest of the county”.  Farnham is highly likely to be a hot spot to aim for.

3.       Superb schooling

 

From toddlers to degree students and beyond, education provision in Farnham is superb. The town offers a wide range of nurseries, primary and secondary schools, as well as an outstanding further education college and the University for the Creative Arts.

Junior schools include two state schools – William Cobbett and South Farnham or privately Edgeborough School which set in 50 acres of beautiful countryside.  And if you are lucky enough to sit in the catchment area for The Bourne you are likely to land your children a place at the top middle-school in the country.

For senior school many choose the local Weydon School in Farnham – also a specialist science college or Charterhouse and Frensham Heights are extremely popular private choices.

4.       Easily accessible

Known in some circles for being the start of the North Downs Way which follows the acorn signs from Farnham to the coast at Dover, passing Canterbury on the way, Farnham occupies a premium position.

Sitting just off the A31, sensible town planners designed this by-road to take the heavy traffic well away from the heart of the town maintaining peace and tranquillity whilst ensuring that there are quick access routes out.  Situated just 12 miles from Guildford, 30 miles to the South Coast and affording a direct train line that takes 53 minutes to London Waterloo, Farnham is a fabulous location for those looking for an affordable commuter town.

Farnham is blessed with two golf courses, a sports centre and is packed with great outdoor opportunities. Frensham Ponds are one of the few places in the England where swimming in a lake is actively encouraged and a hot summer’s day will attract a bevy of families and picnics to its shores.  Alice Holt forest is a fun packed day out for all ages – from cycle trails to a sky rainforest trail this is a must and for the more adventurous types the Go Ape heart stopping experience will have you racing down zip wires in the tree tops.

5.       Affordable

Perched on the Hampshire border, Farnham might be a market town but property pricing is competitive compared to other local towns such as Guildford and Godalming.

According to Zoopla, house prices in Farnham have risen by 4.68% in the last 12 months and by a whopping 15.77% compared to 4 years ago (2009).

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On the Market:

 

Wykeham House is a stunning 5 bedroom detached home with generously proportioned accommodation set over three floors.  This imposing country house blends traditional handcrafted refinement with innovative 21st century technology.

This modern family home has been designed and built by award winning Millgate.  The ground floor mainly comprises a vast open plan living area which includes the kitchen, breakfast room, family room and drawing room. There is a separate dining room, utility and downstairs cloak.

The master bedroom has a terrace with views over the large garden, a dressing room and luxury en-suite.  There are four further bedrooms and 3 bathrooms.  The top floor also has a spacious games/media room. Guide Price £1,685,000, for more information visit www.millgatehomes.co.uk or call the agents Strutt and Parker at the show home on 01252 792265.