Archive for February, 2010
If there’s one thing many of us forget about the housing market, it’s the huge history that many homes can claim, sometimes dating back to the times of William the Conqueror.
Some 20 per cent of properties listed on FindaProperty.com have historic track records, be they Tudor, Elizabethan, Georgian, Victorian or Edwardian homes – and in total, some 340,000 properties across the UK have Grade I, II*or II listed status.
So given our long experience of being a nation of bricks and mortar, how have our homes changed over the past 860-odd years?
For the first in our new blog series, we track down Britain’s longest continually inhabited home and compare it to one of the newest, from David Wilson Homes, to see how they measure up.
OLDEST: Saltford Manor – built: 1149
After months of research by Country Life magazine it was revealed in 2003 that five-bedroom Saltford Manor in Somerset was Britain’s oldest inhabited address.
According to architectural historian, Dr John Goodall, the property has been a home since before 1150 – narrowly pipping Horton Court in Gloucester (built in 1150) and Hemingford Grey in Cambridgeshire (built in 1160) to the post.
Saltford Manor is a solidly Norman affair and includes a typical ornate window in its main bedroom and an arch etched with diamond markings similar to one found at Hereford Cathedral – built in 1148.
The house was considerably beefed up during the Medieval period but left alone by the Georgians and Victorians although at the moment it is decorated to very contemporary tastes rather than historic ones.
“You get a wonderful sense of history,” says owner James Wynn. “I can look at Norman, Tudor and 17th century architecture before I brush my teeth.”
NEWEST: The Domus development – built: 2009
In stark contrast to Saltford Manor, the 26 designer properties for sale at the Prince of Wales-endorsed Domus development near Upton in Northampton (by new homes developer David Wilson Homes) are some of the newest to be built thus far in Britain’s homes history, and are often quoted as being one of the greenest, along with the BedZED development in Beddington, South London.
All the properties within Domus (formerly called Aspect) have been built with today’s eco-aware buyers in mind and include environmentally friendly water drainage systems, heating and hot water supplied by solar panels, built-in three-bin recycling in their kitchens and safe bike stores to encourage cycling.
If living the Vida Moderna is more your bag (and more affordable, given Saltford’s likely £900,000+ price-tag) then there are five properties remaining for sale at Domus, varying in price from £299,000 to £449,000.
For more details visit David Wilson Homes.
Girls Aloud singer, Cheryl Cole, who was recently voted the nations second favourite celebrity neighbour in the annual Zoopla.co.uk Celebrity Neighbour Survey, yesterday announced she is separating from her husband, England and Chelsea football player Ashley Cole.
The Girls Aloud singer and X-Factor judge returned to the UK yesterday from a trip to Los Angeles where she had apparently been house hunting in the Hollywood Hills. Perhaps she’s looking to relocate and get away from all the attention?
As part of the separation it is likely that the couple will, at some point, begin the painful process of deciding who gets to keep Hurtmore House, their Surrey mansion.
From this data we’re able to work out the current value of this property which we calculate at £3,247,537 meaning that if the Coles sold now, they’d stand to lose a whopping £302,463 on their purchase price.
VALUE CHANGE OVER TIME FOR HURTMORE HOUSE
|Detail||£ / Value change|
|Current Zoopla.co.uk estimate||£3,247,537|
|Value change one year ago||£185,548 (6.1%)|
|Value change two years ago||£315,705 (-8.9%)|
|Value change three years ago||£58,552 (1.8%)|
|Purchase price (October 2007)||£3,550,000|
Recently there has been a lot of online and offline column inches dedicated to privately selling your property. Only last week we saw the OFT come out and suggest consumers consider “private seller platforms”.
Prospective buyers who come to view your property could well be looking at your car, your identity, your family, and your future! Why would you risk all that to avoid paying a fee to an estate agent?
Most people have a camera on their phone or own a digital camera these days but that doesn’t make us all professional photographers.
Your local estate agency may well use a professional photographer; or will have trained in the field of residential property photography and use a professional camera and equipment. We do this to ensure that your property – the externals and internals – are well represented and portrayed in a manner that will encourage people to view the property.
Car key theft
Where do we typically leave our car keys…near the front door. Thieves target private sellers deliberately. Professional thieves know that private sellers are easy to distract as they are so pre-occupied with trying, so hard, to sell their home.
Houses with drives are especially vulnerable (for some reason many people feel the photo looks better with their expensive car parked on the drive). An experienced estate agent will spot a bogus buyer a mile off.
Bank statements tend to be left anywhere within the safety of ones own home. An experienced agent will conduct and control the viewing. Private sellers often let people walk around a second time unaccompanied.
An experienced Estate Agent knows how to balance a viewing without letting a buyer out of their sight – the slightest unusual behaviour is instinctively sensed.
Just at the point of exchange…
A private seller is likely to miss all the subtle clues that an experienced agent will pick up on. How many private buyers slap themselves on the back for saving on estate agents fees only to get blackmailed out of thousands, of pounds just before exchange of contracts? What are your options? Reduce drastically, or lose your buyer, plus the home you thought you were about to buy.
You are the weakest link
Add to this the pressure of everyone else in the chain of transactions not being able to move because of your buyer! Very seldom does a seller realise that by going it alone without the experience of an expert behind them, actually makes them a potentially weak link and high risk buyer in the eyes of another vendor, and especially the vendors agent who will have a moral duty to flag this up at the point of an offer.
A private seller will not want to get off to a strained start by asking for extra contact details, work numbers, email addresses, number plates, solicitor details etc. Add to that the sense of excitement at the prospect of the viewing! An experienced agent will not only take care of their own staff safety, but they will also do this automatically for their clients. Part of the filtering process is listening to the response to these questions. An experienced agent will sense any evasiveness.
Negotiations and Re-negotiations
A private seller is rarely polished in the art of negotiating, let alone re-negotiating when it comes to property. Property negotiations are a very different beast to general sales negotiations. An experienced agent will have built up a thorough understanding of their client, their wants, needs and emotions. These are all invaluable tools that the private seller will rarely have at their disposal.
Making the move actually happen
The vast majority of people are ultimately trying to achieve one thing when selling – the ability to move! Of course they want to do well financially, but most people simply want to move to their new home in a calm, confident and reassured fashion. In my experience, most people are prepared to pay a little extra for peace of mind, and the enhanced probability of it actually happening. Realistically this is far more likely to happen in the hands of a local professional. We know what we are doing, and take a pride in what we do, this is where the no sale – no fee comes in!
Written by Steve Hatch
Director at Castles Estate Agents – Harringay Branch