It seems that the outlook for 2014 for Berkshire’s upmarket village of Sunninghill is sunny indeed. Luxury homes developer Millgate launched four new country mansions earlier this year in Sunninghill, and within just a fortnight, two of these exquisite mansions had been reserved. Now, less than four months later, all four have been snapped up by prime buyers.
Just a little over three miles from the “super suburb” of Virginia Water, as the Telegraph has dubbed it, Sunninghill provides a plethora of reasons for families to locate to its leafy lanes.
Jonathan Cranley, Sales and Marketing Director for Millgate comments:
“Sunninghill is just a stone’s throw from the exclusive enclave of Surrey’s Wentworth Estate. House prices here demand a hefty premium due to their location on the ‘island,’ as it is fondly known by the locals.
“Down the road in Sunninghill, villagers still benefit from the same fabulous amenities, but with homes that avoid the same weighty price tags that neighbouring Wentworth creates. This part of Surrey and Berkshire has easy access to both Heathrow and London, as well as terrific schooling choices and a wide range of local entertainment options.”
Recently, a report by Hamptons International, indicated that the return of housing market confidence has been greatly influenced by the different types of buyers driving supply and demand. For instance, there were 350,000 cash buyers in 2013, accounting for 36% of market activity. Although 70% of these buyers weren’t selling a property to fund their purchase, meaning that stock levels were not increasing as a result of their transactions.
This goes some way to explain the extreme shortage of housing stock that Britain continues to experience. While supply lags behind, Hamptons International has reported that demand for homes is up 28% in the Surrey and Berkshire area.
Regional Director of Hamptons International, Julian de la Poer Beresford, who was responsible for the sale of the luxury Millgate country mansions, comments,
“With many of these cash buyers looking in the premium housing markets, it is probably of no surprise that they have been drawn to Millgate’s ‘best in class’ for country homes. There are two main facts driving the quick sale of these homes: firstly the number of Londoners looking to move out of the city into the country has doubled compared with last year and secondly the upturn in enquiries from overseas buyers.
“These overseas buyers are no longer just looking at prime central London, but instead are broadening their search to a wider geographical area. They mirror the buyer profiles of Millgate’s majestic Holland Place, which explains the speed at which these four Sunninghill houses have been snapped up.
“Saying that, the quality and finish on these beautiful houses has also been a key factor in their quick sale – they are simply world-class.”
For more information on country mansions from Millgate contact them on 0118 934 3344 or visit www.millgatehomes.co.uk