North Surrey View - Knight Frank · North Surrey properties are growing in favour with Londoners enjoying record prices in the Capital and overseas buyers benefiting from currency

North Surrey ViewProperty Market Focus - Autumn 2012

2 North Surrey View

WELCOMEWelcome to North Surrey View, our seasonal update onthe property markets that matter to you. Along with asnapshot of activity in North Surrey, we discuss what’shappening in the wider country house market and howit is affected by the booming central London market.

We also outline how important it is toexpose your property to as wide anaudience as possible, and give you aglimpse of some of our properties inthe area, both for sale, sold and to let.

North Surrey properties are growing infavour with Londoners enjoying recordprices in the Capital and overseasbuyers benefiting from currencymovements.

Average country house prices fell inthe second quarter of 2012, taking theannual decline to 4.8%, according tothe latest Knight Frank Country HouseIndex.

Prices in the country house market arenow just slightly higher than in 2009,while prices in prime central Londonhave risen by 48%. For example, aproperty valued at £1.8 million in primecentral London in early 2009 wouldnow be worth around £2.66 million, so the owners would have an extra£864,000 to spend on a bigger countryhome or more land.

Furthermore, currency movements arehelping to make country property evenmore attractive to overseas buyers.

Singaporeans can now benefit from a40% discount compared to prices backin March 2008, thanks to thecombination of house prices and thesecurrency movements. Those buying inUS dollars can benefit from a 34%discount, and Europeans can savemore than 20%.

The lettings market in the North Surreyregion has remained strong and steadythroughout 2012 which has beenfundamentally down to a high level ofdemand but low stock at all levels,from one bedroom apartments to sixbedroom mansions. Historically therehas been a strong rental market in theregion given its close proximity andaccessibility to Central London,combined with an excellent choice ofprivate, public and internationalschools making this a desirable andsought after area for many.

The growing interest from Londonbuyers is demonstrated by theemergence of a number of country'hotspots' bucking the overalldownward price trend, many of whichare close to or within commutingdistance of London.

under £750k 19%

£750k to £1.5m 35%

£1.5m to £2.5m 19%

£2.5m to £3.5m 7%

£3.5m to £5m 14%

over £5m 7%

International 11%

London 26%

South East 57%

Rest of the UK 6%

* Figures reflect activity up to and including Q2 2012.

Sales by price bandWhere do our buyers come from?

North Surrey View 3

KNIGHT FRANK FINANCE

In a recent survey, 94% of our clients said theywould definitely recommend our services toa friend.

Knight Frank Finance is dedicated tonegotiating the most attractiveproperty finance terms for clients fromits established lender relationships,often securing deals unavailableelsewhere.

Subsequently, nearly half ofthe mortgage products sourcedthrough Knight Frank Finance in 2011were not available on the high street.

Knight Frank Finance is able to offeradvice on mortgages and loans for alltypes of property, as well as other assetclasses. Whilst specialising in sourcinglarge mortgages there is however, no

minimum deal size for new mortgagesor remortgages.

All consultants at Knight Frank Financeare specialists in their field and arearguably the most respected team inproperty financing, enjoying excellentrelationships with high street lenders,major financial institutions and privatebanks.

To find out more about how KnightFrank Finance can help with yourproperty financing requirements pleasecall us on +44 (0)203 641 9299 or visitus at KnightFrankFinance.co.uk

Taking your property global

Knight Frank’s 244 offices spanning 43 countriesmean that our properties receive interest frombuyers around the world.

With most buyers starting theirproperty search online, your home forsale has never had a wider audience.Most estate agents will have a directfeed to the ever-increasing number ofproperty portals, as well as displayingyour home on their own website.

However, to truly reach a global buyermarket and fulfil your property’spotential, you need a global platform,which is why Knight Frank’sinternational network and pioneeringuse of technology deliver a genuinecompetitive edge. Our global propertysearch is now available in over 15different languages, including German,Spanish, French, Russian and Chinese,and our iPad and iPhone app meansthat you can search for properties “nearme” wherever you are in the world.

With 600,000 visitors a month to ourwebsite, people from around the worldclick through to Knight Frank propertydetails every five seconds, meaningthat your property is exposed to thewidest audience possible. Any of the2.27 billion internet users across theworld could be the right buyer for yourhome; so it makes sense that we makeit as easy as possible for them to find it.

But it is not just digital media that isimportant, only a comprehensivepresence in the international marketcan truly give your home the exposureit deserves. Our offices around theworld are constantly in touch andintroducing buyers from one country toanother. Whilst the internet provides avaluable platform, we understand thatbusy people can struggle to find time to

search online and would rather build a relationship with a knowledgeableproperty expert.

To view the website visitsearch.knightfrank.com

Alex HermanPartner & Esher Office HeadT +44 (0)1372 [email protected]

With continued uncertainty in the economy, the key to selling propertyis pricing. Properties considered to be overpriced are remainingunsold but keenly priced homes are selling quickly and often incompetitive bidding situations. International buyers are driving thetop end of the market and this looks set to continue throughout 2012.

country property

4 North Surrey View

SOLD PROPERTIES

PROPERTIES FOR SALE

Thames Ditton

Unmodernised 5 bedroom detachedhouse with PP to extend

Guide Price £1,395,000SOLD

Esher

Charming 4 bedroom thatched cottagewith outdoor swimming pool

Guide Price £995,000SOLD

ESHER

5 bedroom character house located ina private road


Esher

Fantastic development plot STPP ingrounds of 0.81 acres


Esher

Development plot in a popular privateroad with PP


St George’s Hill

Single story 1 bedroom house withinexclusive private estate


East Molesey

Newly constructed 6 bedroom house ina premier road

Guide Price £xxxxxGuide Price £2,145,000

east MoleseyPretty 4 bedroom detached familyhouse

Guide Price £1,150,000

East Molesey

Recently refurbished 6 bedroomVictorian semi-detached house


East Molesey

4 bedroom detached house in apremier road close to Hampton Court


Esher

3 bedroom detached house withdevelopment potential

Guide Price £995,000SOLD

Walton

Detached 5 bedroom house in need ofmodernisation or development STPP


East Molesey

Pretty 4 bedroom period house withsecluded garden

Guide Price £995,000SOLD Guide Price £1,750,000SOLD

East Molesey

Recently refurbished 5 bedroomdetached house with a secluded garden

East Molesey

4 bedroom period semi-detachedhouse close to Hampton Court


Claygate

5 bedroom detached house in a quietrural setting


Walton Detached modern bungalow located ina private estate


Claygate

6 bedroom house in an elevated south-facing position


“It has been a joy to deal with you and youhave looked after us very attentively fromstart to finish, always being on hand togive advice which we very muchappreciate.”Mr W, St George’s Hill

6 North Surrey View

Charles DavenportPartner & Cobham Office HeadT +44 (0)1932 [email protected]

Fresh buyers to the market place are understandably being morecautious this year, so sensible pricing remains crucial at all levelsand will remain a constant factor for a successful sale during 2012.

country property

SOLD PROPERTIES

Cobham

New build home on the Oxshott WayEstate by Dolcetto

Guide Price £3,995,000Guide Price £4,295,000

Oxshott

Character house on the Crown Estate in0.5 acre gardens


PROPERTIES FOR SALE

OxshottBeautifully presented home within theCrown Estate set in 0.8 acres


Oxshott

Family house ideally located for all ofOxshott’s amenities

SOLD SOLDSOLD

Cobham

Fairmile Estate location, offeringpotential to extend STTP

Guide Price £2,495,000 Guide Price £1,650,000

Cobham

Family home set at the end of a smallgated cul de sac


Cobham

Refurbished 5 bedroom house close tothe village


Stoke D'abernon

1930s family home walking distance of train station

Guide Price £1,195,000SOLD SOLD SOLD

Oxshott

A stunning new home by iLifeDevelopments

Cobham

Fairmile location, walking distance ofCobham high street


Cobham

Substantial house near the ACSInternational School


Cobham

Family home near Reeds School



Cobham

A unique attractive detached lodgehouse, originally dating back to circa 1795

SOLD SOLDSOLD

Mickleham

A stunning Grade II Listed knappedflint and mullioned stone faced house

Guide Price £975,000 Guide Price £695,000

East Horsley

Set in a 0.5 acre gardens backing ontowoodland


Leatherhead

A period detached lodge house datingback to 1902

Guide Price £899,950

Effingham

Exclusive development of luxury townhouses by Berkeley Homes

Guide Price £725,000SOLD SOLD SOLD

East HorsleyDistinctive 5 bedroom house with annexe,located adjacent to woodland walks

“Knight Frank were extremely professionaland demonstrated consistent in depthmarket knowledge.”Mr Kay, ‘iLife Developments’

8 North Surrey View

Amanda Driver Associate & Head of Surrey LettingsT +44 (0)1932 [email protected]

The last three months have seen enquires for rental property in thearea rise by almost 50% compared to the same period last year. Withhigh demand from both corporate and private applicants, the marketis extremely buoyant resulting in a shortage of property at all levels.

country property

LET PROPERTIES

Guide Price £2,500 pcm Guide Price £3,750 pcm Guide Price £4,950 pcm

PROPERTIES TO LET

Esher A neutrally decorated spacious characterhome in desirable private road location

Guide Price £5,600 pcm

Esher

Stunning family home situated in apremier private road

Guide Price £xxxxx

LET LETLET

Weybridge

Unique detached house located in theprivate St Georges Hill Estate

Guide Price £6,500 pcm Guide Price £10,500 pcm


Oxshott

Detached family house situated in aprivate gated development


Oxshott

Detached family home situated in anexcellent commuter location

Guide Price £5,750 pcm LET LET LET

Weybridge

Modern and spacious family home,close to all the local amenities

Esher

An exceptionally charming cottagestyle home overlooking village green

Long Ditton

An immaculately presented familyhome located in a gated development

East Horsley A beautiful character property situated ina private road location

“We have used Knight Frank as our lettingagent for many years. The access topotential corporate tenants has alwaysbeen first class. The service level fromKnight Frank is of a high standard andwe have always been impressed.”Mr & Mrs M. Esher

Esher

A beautifully presented family homesituated in a private road


Esher

Stunning chateaux style property on St. George’s Hill

Guide Price £15,000 pcm LET LETLET


Cobham

A detached 5 bedroom family house ina convenient Cobham location


Cobham

A luxury executive family home locatedin one of Cobham’s premier roads

Guide Price £11,500 pcm LET LET LET

Esher

Elegant living style of grand proportionswithin an exclusive private location


Cobham

Individually designed family homesituated in a sought-after private road

Cobham

Detached executive home in a gateddevelopment close to Osxhott station


Cobham

Built to a high specification and providingspacious accommodation throughout

Cobham

Detached family home with annexe insmall gated development

10 North Surrey View

Ashley MasonHead of Sales, Residential Development Home CountiesT +44 (0)1483 [email protected]

The second half of this year is expected to provide a continuation ofthe recovery in the Residential Development market across primeareas of the South East. The three basic principles of location, qualityand value for money will continue to inform the decisions of anincreasingly discerning buying public.

Residential Development

PROPERTIES FOR SALE

Effingham

Last remaining beautiful 4 bedroomhouse, by Berkeley

Guide Price £xxxxx

Esher

A collection of exceptional homes, byRoyalton

From £975,000 - £2,350,000

Walton-on-Thames

Luxury mews houses with the over 60sin mind, by Octagon

Farnborough

Lincoln Court is the latest phase nowreleased, by Redrow

From £1,295,000 - £1,595,000

Guildford

An exclusive development of justseven 5 bedroom homes, by Berkeley

From £1,425,000

SOLD PROPERTIES

Effingham

All apartments in Grove House are nowsold/reserved

Guide Price From £325,000

Esher

6 exquisite town houses, 5sold/reserved, 1 remaining

SOLD

Walton-on -Thames16 luxury mews houses, 14 sold, 2 remaining

Guide Price From £550,000SOLD Guide Price £xxxxxSOLD

Guide Price £695,000

SOLD PROPERTIES

SOLD

From £550,000 - £675,000

Guide Price From £164,950

Guide Price From £2,350,000

Esher

A stunning development of 4/5 bedroomhomes, by Sheldon Homes

St George's Hill

7 bedroom luxury home across 3 floorstotalling 11,175 sq ft


St George’s Hill

7 bedroom detached house in 1.33acres


St George’s Hill

Level development plot of 1.3 acres


St George’s Hill

New luxury 7 bedroom mansionoverlooking the golf course


St George’s Hill

7 bedroom mansion commanding anelevated plateau position


St George’s Hill

A 6 bedroom modern home with abespoke design


SOLD SOLD SOLD

Tim GarbettChairman, Head of North Surrey Sales T +44 (0)1372 [email protected]

Despite global financial issues, St George’s Hill has confidently outperformed other areas. It is internationally recognised as one of the safest property investment addresses within the UK forcosmopolitan purchasers as communications, schooling andleisure pursuits are all catered for.

country propertY

St George’s Hill

5 bedroom luxury house in landscaped 1 acre gardens


St George’s Hill

Detached house and lodge cottagewith 5 bedrooms

kenwood

Luxury mansion with staffaccommodation and rising driveway

Guide Price £15,000,000 Guide Price £3,750,000

Important Notice This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears. 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images are indicative only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT : The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC 305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.

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UK NETWORK1 Aberdeen2 Ascot * 3 Basingstoke 4 Bath 5 Beaconsfield 6 Berkhamsted 7 Birmingham8 Bristol 9 Cardiff10 Cheltenham 11 Cirencester 12 Cobham * 13 Edinburgh 14 Esher * 15 Exeter 16 Guildford 17 Harrogate18 Haslemere 19 Henley-on-Thames

20 Hereford 21 Horsham 22 Hungerford 23 Lauder 24 Leeds25 London † 26 Manchester27 Newcastle 28 Oxford 29 Sevenoaks 30 Sheffield 31 Sherborne 32 Stratford-upon-Avon 33 Sutton Coldfield 34 Tunbridge Wells 35 Virginia Water36 Winchester 37 Worcester

* Lettings Service † 19 offices across Central London

who will appreciate it as much as you do. This is why, when it was time for Keith and Sally

“Knight Frank understood the property… our home is all about the setting”.

The sale is in the detail.

KnightFrank.co.uk/FranklySpeaking

Knowing the best hiding places

KKnnoowwiinngg tthhee bbeesstt Knowing the sunniest Knowing the new owners have all this to come

To hear more about why the Bowrys chose Knight Frank, visit our website or call 020 3641 9565.

EsherThe Old Post House, 81 High Street,Esher, KT10 9QA+44 (0)1372 464 496KnightFrank.co.uk

Cobham50 High Street, Cobham,Surrey, KT11 3EF+44 (0)1932 591600

Guildford231 High Street, GuildfordSurrey, GU1 3BQ+44 (0)1483 564660

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North Surrey View - Knight Frank · North Surrey properties are growing in favour with Londoners enjoying record prices in the Capital and overseas buyers benefiting from currency