With a little research, we have good reason to believe that this is, or was, the 4-bedroom detached (with gym, pool, cinema and sauna) home belonging to England and Tottenham Hotspur footballer, Aaron Lennon.
What do we at Zoopla.co.uk know about this property?
Because we list every UK home, provide free value estimates for any UK home and constantly update our information via many sources, including the collective intelligence of the community of over 4 million users, the chances are we’ll know quite a bit.
Looking at the change in value of the property, over the last year it’s up £313,286 (13.7%), but compared to the last two years it’s down £56,686 (-2.1%). So his timing’s not bad.
Here are more values for his road - Theydon Road.
In terms of previous sold prices, we know that the current owner bought the property on January 26th 2007 for £2,435,000. A little before that time, Lennon signed a new 5 ½ year deal worth £20,000 a week with Tottenham on 8 January 2007, which will keep him at the club until 2012.
Other sold prices for this property are as follows:
28th June 2002 - £1,500,000
2nd September 1996 - £600,000
It’s currently listed for sale by two agents at an asking price of £2,600,000.
Here’s a bit of a description of the property and more photos here:
“Set between Epping and Theydon Bois is this most impressive detached family house, with private electric gated entrance. The property offers a superb contemporary living space and accommodation, which includes master bedroom suite, three further main bedrooms, two being en suite, family bathroom, two reception rooms plus cinema room, study and kitchen/breakfast. There is also a one bedroom guest house with en suite. Swimming pool complex with games room and sauna, garaging, gym and attractive established gardens.”
Here’s the market overview page for CM16 where the average property value is: £385,517.
So, assuming that it is his and he sold at the asking, it looks like Mr Lennon could make – £165,000 on the sale, based on the purchase price of £2,435,000 in Jan 2007 (not including fees etc).
The “Old Lighthouse“ on Townend Road, Paull, Hull was built in 1836 by The Trinity House of Kingston Upon Hull and went out of use in 1870 when the sandbanks moved and caused the deepwater channel to shift, and new lighthouses were built just along the river bank at Thorngumbald Clough.
The light was powered first by oil and then by a gas burner and the windows of the lamp room face towards Hull to guide ships into the safe channel which led out into the North Sea.
The lighthouse comprises of a lounge, sitting room, upper and lower kitchen areas, and bathroom to the ground floor.
There are two staircases. One leading to the first bedroom together with a ladder which gives access to the lamp room and great views over the river and Paull itself.
Two further bedrooms and a shower room are accessed via an internal staircase with a garden to the rear of the property with patio area and lawn.
Here are the Zoopla.co.uk values for other properties on the same road and here is a market overview for Paull where the average property value is £116,899. If you’re interested in previous sold prices for Paull, here is all the info you need.
About Trinity House
“The safety of shipping, and the well being of seafarers, have been our prime concerns since Trinity House was granted a Charter by Henry VIII in 1514.”
Today they have three distinct functions:
- First, they are the General Lighthouse Authority for England, Wales, the Channel Islands and Gibraltar, responsible for a range of general aids to navigation, ‘signs of the sea’, from lighthouses to radar beacons.
- Second, they are a charitable organisation dedicated to the safety, welfare and training of mariners.
- Third, they are a Deep Sea Pilotage Authority providing expert navigators for ships trading in Northern European waters.
We’re a little bit curious at Zoopla.co.uk and, because we list every UK home (all 27m of them – yes, yours will be found here), we’re able to carry out some unique property research looking at the whole of the market – not just focusing on properties for sale and to rent.
We wondered if there was any link between the name of the ‘street’ or ‘road’ or ‘avenue’ where you live and the value of your property.
Most people typically don’t pay much attention to the name of the road when deciding where to buy but our research shows that names can have an impact on both property values and the appearance of exclusivity. it turns out the average property on a ‘Hill’ is worth £185,000 more than the average property on a ‘Street‘. So, paying a little more attention to the street name and not just the neighbours, may have an impact on the value of your home.
So, we calculated the average property values for each of the 858,000 (858,724 to be precise) residential locations in the UK and it turns out that the highest value properties in the UK are to be found on a ‘Hill’, where average house prices stand at £341,466; well above the national average.
Here are some of the key findings:
• Properties located on ‘Hills’ and ‘Lanes’ worth 50% more than national average
• ‘Streets’ and ‘Terraces’ have lowest average property values across the UK
• ‘Road’ most common residential suffix in UK whilst ‘Mews’ most exclusive
• Homes on ‘Church Lane’ worth more than double those on ‘Chapel Street’
Other names at the top of the list included ‘Lane’ where average home values are £328,378, ‘Mews’ coming in at £294,869, ‘Park’ at £283,069 and ‘Green’ where an average home will set you back £269,861.
At the other end of the spectrum, the average property on a ‘Street’ in the UK is valued today at £155,515, less than half that of one on a ‘Hill’ and well below the national average. ‘Terrace’ only fared marginally better than ‘Street’ in the rankings with an average value of £156,387. Also rounding out the bottom 5 were ‘Crescent’ with average property prices of £176,942, ‘Court’ coming in at £178,488 and ‘View’ where the average property costs £184,546 today.
The most common residential location name by far is ‘Road’ with 144,322 of them across the UK. The next most common being ‘Close’ with 98,778 of them, followed by ‘Street’ with 58,637 spread across the country. The research also revealed that there are three times as many ‘Roads’ as ‘Avenues’ (47,488) and three times as many ‘Avenues’ as ‘Terraces’ (16,532).
In terms of exclusivity, the least common location names within the top 20 were revealed as ‘Square’ (3,859) and ‘Mews’ (4,825). Owners of properties in a ‘Mews’ have reason to celebrate their home buying skills, having come in the top 3 both in terms of average property values and exclusivity.
When it comes to specific road names, 5 of the top 20 most common in the UK include either ‘Church’ or ‘Chapel’ in the name. But despite being amongst the most common, those with ‘Church’ in the name are also amongst the highest valued with the average property on the 1,547 ‘Church Lanes’ across the UK valued at an impressive £364,635 compared to the national average of £217,624. Other key words in road names that appear to have a positive impact on property values include ‘Mill’, ‘School’ and ‘Green’. Conversely properties on the 507 ‘Chapel Streets’ around the country are valued well below average at £159,433.
The most common road names in the UK are ‘High Street’ (2,431 of them) and ‘Station Road’ (1,929 of them) but despite the names being common, property values on both remain higher than the national average at £237,992 and £231,943 respectively, due to their typical proximity to the local services suggested in their names.
Most Common Location Names
|Rank||Name||Avg. Home Value||# in the UK|
Most Common Street Names
|Rank||Street Name||Avg. Home Value||# in the UK|
According to reports in the Daily Mail, ageing rocker Ronnie Wood has reduced the asking price on his Queen Anne house built c.1700 which directly overlooks the River Thames on London’s Cheyne Walk, SW10.
He first listed his property for sale in October 2009 for £6.5m, but recently reduced the asking price to £5.875million. It’s reported that he actually paid £7.25m for the property just over two years ago and that a hefty divorce settlement has led to the sale of the property.
We estimate the value of 103 Cheyne Walk, London, SW10 to be £10,138,631. This is higher than the average current value for homes on Cheyne Walk, SW10, which is £2,677,955. There have been 3 property sales on Cheyne Walk in the last 12 months, with the average price paid being £2,408,333.
Cheyne Walk has long been home to many a wealthy individual and has been dubbed “Rolling Stones Row” – Mick Jagger used to live at number 48 and Keith Richard at number 3 with Bill Wyman who, it’s believed is still living a stones (sorry) throw away on the Kings Road.
According to the selling agents:
“…the property extends to some 4,228 sq ft, the house has detailed planning consent for extension to provide approximately 7,300 sq ft of accommodation. The current consents, confirmed in November 2007, provide for a much extended house with basement, sub-basement and swimming pool. Various documents, elevations and plans are available upon request.”
If there’s one thing yesterday’s emergency budget proved, it’s how important an active property market is to the coalition. Chancellor George Osborne’s speech plunged the hatchet into many contentious and sensitive areas of the economy cutting benefits, big infrastructure projects and civil service pay and yet – along with booze and cigarettes – property survived largely unscathed.
But Osbourne is just outside that fence, watching. He is to review the Stamp Duty holiday for first time buyers purchasing homes up to £250,000 and tinkered with the fringes including a limit on housing benefit.
The big news from the budget was the immediate increase in Capital Gains Tax to 28 per cent for higher rate tax payers. There are currently approximately four million people in the UK who earn enough to pay the top income rate tax of 40% on incomes between £37,500 and £150,000 a year or, if you earn over £150,000, 50%.
For middle-income earners – namely those earning up to £37,500 – Capital Gains Tax remains the same.
So the higher CGT will only impact higher income bracket earners who are landlords looking to sell off their buy-to-let property now – which at any one time is thought to be approximately 50,000 (or 5%) of the UK’s one million buy-to-let investors with another 50,000 facing the new higher rate on sales of other, non-property assets such as shares.
But if they among this group and were planning to sell up then the tax-revenue argument kicks in. Too much tax and people avoid it by waiting until the tax goes down. So people will simply delay selling their buy-to-let properties, particularly as the rental market is strong at the moment.
But experts think Osborne has shut the stable door too late. Most of the country’s ‘reluctant’ landlords have already sold up and exited the buy-to-let market.
The most severe impact on the market may be to subdue demand for buy-to-let properties, particularly new builds. Investors wary of CGT remaining high for a prolonged period may decide property investment is not for them.
Lastly, the VAT rate hike is also unlikely to upset the market. New builds or conversions completed as a business projects are zero-rate – i.e. people can reclaim the VAT on building materials and services after the project is finished. So the only pain is that you’ll need to pay an extra 2.5% upfront in VAT before claiming it back.
Earlier today, George Osborne unveiled the biggest package of tax increases and spending cuts in a generation.
He called his Budget ”tough but fair” and stated it was “unavoidable”.
Below are our reactions from our Commercial Director, Nick Leeming on the key points affecting the property industry – Capital Gains Tax, VAT, Stamp Duty review and holiday lets.
Capital gains tax up to 28%. The £10,100 per year CGT-free allowance remains.
Here’s an example:
This means that the typical second-home owner or buy-to-let investor looking to sell will now be faced with a capital gains tax bill of £31,802 as opposed to £20,444 before today’s announcement*. This assumes that they have owned the property for 10 years, over which period average house prices in the UK according to our figures have risen from £104,047 to £217,624, resulting in an average a gain of £113,577.
*We have not included the £10,100 allowance, as people may spread this across a range of assets
“The government’s decision to change the CGT rate is likely to cause disruption in certain sectors of the property market. Locations popular with second-home owners such as seaside towns are likely to suffer from a fall in demand as well as university towns where parents will now be far more reluctant to purchase property to house their children whilst studying. The impact will also likely be felt in the market for flats in London, which have been popular as an investment for families and those with long commutes. Almost 14% of the population resides in private rented accommodation. Higher taxation will only discourage buy-to-let buyers in a rentals market which is already suffering from a shortage of investment and may lead to upward pressure on rental levels. There are a lot of further, unanswered questions about the impact on this sector. The introduction of the higher CGT rate without indexation or taper relief incentives to reward long-term property investors is likely to be very damaging for the private rented sector and risks leading investors to abandon the property market, leading to a shortage in the supply of rental properties.
VAT will rise from 17.5% to 20% from 4 January 2011.
“The increase in VAT is also bad news for the property sector, especially for those involved in the home-moving process. The rise will mean homeowners and buyers will have less money to spend on improving and renovating their homes and businesses that rely on activity in the property sector, such as removal firms and tradesmen, will likely take a serious hit.”
Holiday lets tax reprieve
“The latest available government figures show there are around 272,000 second home owners in England. The return of the holiday lettings tax break is positive news as many of these second homes are used as furnished holiday lets, meaning they are available for others to enjoy and beneficial for the tourism industry. The appeal of this reform and the lower-than-expected increase in capital gains tax will lead to fewer investment properties being put on the market for sale than anticipated.”
Pledge to review the stamp duty land tax relief for first time buyers
“The government announced in the Budget that it will review the stamp duty relief introduced recently for first time buyers. Putting an end to stamp duty assistance must be avoided at all costs. Restrictively high mortgage rates and deposit requirements from lenders already make it virtually impossible for first time buyers to get onto the property ladder, without further obstacles in their way. A stamp duty saving of up to £2,500 may not appear a huge sum in relation to the overall cost of buying a house, but it is not an insignificant sum to first timers – and sufficient to cover mortgage payments for several months. The proportion of first time buyer purchases has now dropped to 35% of all transactions – the lowest share since 2007 – which should act as a clear warning for the government and mortgage lenders. More assistance must be given to first time buyers, who are absolutely critical to the continued recovery in the property market.”
Have your say below, we want to hear it.
The full Emergency Budget Report can be found here:
…and the section on Housing
With the oldest tennis tournament in the world starting today and a fantastic story circulating about how Roger Federer could net Oxfam a £100,000 windfall from a bet placed from beyond the grave if he defends his title at the Championship, we bring you all the property related figures you need to know about Wimbledon.
|Average property value for Wimbledon||£511,990|
|Average property value for UK||£217,624|
|1 year ago||£36,726 (9.78%)|
|2 years ago||-£14,214 (-3.33%)|
|3 years ago||-£10,527 (-2.49%)|
|Average house price paid in last 12 months||£502,261|
|Number of property sales in last 12 months||471|