Bath View - Knight Frank...A 4 bedroom Grade II Listed terraced town house Guide Price £1,650,000 Pulteney Road An imposing town house with views of The Rec, The Abbey and beyond

Bath ViewProperty Market Focus - Autumn 2012

Charlie TaylorOffice PartnerT +44 (0)1225 [email protected]

2 Bath View

WELCOMEWelcome to the Bath View, our seasonal update on the property markets that matter to you. Along with asnapshot of activity in Bath, 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 and sold.

Country 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.

The significant gap in priceperformance between the countrymarket and the booming prime centralLondon market does however presentan opportunity for the country market,with some London homeownerscashing in on the record-high values inthe Capital to get more property fortheir money in the country.

Prices in the country house market arenow just slightly higher than in 2009,while prices in prime central London

have risen by 48%. For example, aproperty valued at £1.8 million in primecentral London in early 2009 wouldnow be worth around £2.66 million, sothe 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 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. Property prices inOxford, for example, rose by 2.5% inthe second quarter this year, whileHenley saw a 0.5% rise and Guildford a 0.2% rise.

Sales by price band

under £750k 65%

£750k to £1.5m 22%

£1.5m to £2.5m 11%

£2.5m to £3.5m 1%

£3.5m to £5m 1%

Where do our buyers come from?

International 13%

London 24%

South West 55%

Rest of the UK 8%

* Figures reflect activity up to and including Q2 2012.

Bath View 3

Prime Central London

How a £1m investment made £407 a day, every day,for three years.

Prime central London property pricesreached a new high in June, but withvalues almost 50% higher than theywere in March 2009, the rate of pricegrowth is beginning to slow.

Our index confirms that £1m invested incentral London property in March 2009would now be worth approximately£1.48m. This growth equates to anaverage monthly appreciation of£12,400, or £407 daily. Some marketobservers have questioned whetherthis strong price growth will continue.

Over the past few years internationalbuyers have seen London property as asafe-haven investment in anincreasingly volatile global economy.Evidence of this is the fact thatEuropean (non-UK) buyers accounted

for around 10% of the £2m+ centralLondon market between 2005 and 2010and now account for 20% (2011 and2012 to date).

While this safe-haven factor continuesto support the market, we arebeginning to see resistance frombuyers to ongoing price increases andthe difference between asking andachieved prices is beginning to widen,with the percentage of the asking priceachieved having fallen from 96% inMarch to 92% in June.

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

Lucy McIlroySenior NegotiatorT +44 (0)1225 [email protected]

The Bath City market has been particularly active so far this year. The majority of our buyers come from our international database.

Town property

4 Bath View

PROPERTIES FOR SALE

SAW CLOSE

5 one bedroom apartments due early2013

Guide Price from £215,000

London Road East

2 riverside apartments with communalboat


Sutcliffe House

A 2 bedroom apartment close to Bathwith private parking

Guide Price £330,000

Cavendish Crescent

A recently refurbished 2 bedroomcourtyard apartment


Cavendish Lodge

A 2 bedroom apartment set in beautifulgrounds


Widcombe

A recently refurbished coach housewithin a few minutes walk of Bath


SOLD PROPERTIES

walcotA selection of studio and 1 bedroomflats with communal garden


widcombeA 4 bedroom Victorian house close tothe city centre

SOLD

lansdown

A selection of 2 and 3 bedroomcontemporary apartments

Guide Price from £450,000SOLD Guide Price £595,000SOLD

CAMDEN

A Grade II Listed town house withfantastic views across Bath


Bathwick

A 1960’s house in need ofrefurbishment


Catharine Place

A superbly presented ground floorapartment with courtyard


Sutcliffe House

A 4 bedroom town house with privateparking


Circus Mews

A newly refurbished mews house in thecentre of Bath


Combe Down

A beautiful 3 bedroom house in apopular area of Bath


bathwick

4 bedroom town house close to the citycentre


Grosvenor Place

A beautifully refurbished 2 bedroommaisonette with garden

SOLD

Sion HillAn impressive 3 bedroom maisonette

Guide Price £795,000SOLD Guide Price £595,000SOLD

“Knight Frank have provided an excellent service throughoutthe whole sales process. We have felt confident about theirlocal market knowledge and have trusted their advice.”Mr and Mrs Brown

6 Bath View

Matthew LeonardAssociateT +44 (0)1225 [email protected]

Here in Bath we are lucky enough to attract both purchasers andinvestors from all over the world. Bath’s immense heritage and culturehas undoubtedly helped the city market stay resilient during thecurrent difficult economic conditions.

TOWN property

PROPERTIES FOR SALE

New King Street

A charming 4 bedroom four storeytown house in Bath


North Parade Building

A 5 bedroom town house in the citycentre


Lansdown

A bright and airy 4 bedroom bungalowwith amazing views


Lyncombe Vale

A substantial Grade II Listed semi-detached Georgian town house

Guide Price £1,350,000

Lansdown Ridge

A development of 4 newly builtdetached homes with stunning views


Batheaston

A refurbished period house with a 2 bedroom annexe


SOLD PROPERTIES

Sion HillA Grade II Listed town house withviews over a golf course


Gay StreetA delightful Grade II Listed 6 bedroomterraced town house

SOLD

Lansdown Ridge

A development of 4 newly builtdetached homes with stunning views

Guide Price £1,500,000SOLD Guide Price £1,750,000SOLD

Batheaston

A newly extended and renovated 5bedroom detached house


Laggan Gardens

A 5 bedroom detached house withinwalking distance of schools


Englishcombe Lane

A detached 7 bedroom Edwardian Artsand Crafts house


Lansdown Place East

A 4 bedroom Grade II Listed terracedtown house


Pulteney Road

An imposing town house with views ofThe Rec, The Abbey and beyond


North Road

A unique Art Deco house close to Bathcity centre


Winifreds Dale

A superb example of a Grade II Listedsemi detached Georgian town house


The Circus

A recently refurbished town house inone of Bath’s most popular addresses

SOLD

Great Pulteney StreetA delightful 7 bedroom Grade II Listedtown house in the heart of Bath


“We are delighted with the service KnightFrank have provided and felt throughoutthey were the right choice.”Mr B Tobin

8 Bath View

Country property

PROPERTIES FOR SALE

Norton St. Philip

A recently refurbished 2 bedroomcoach house


Monkton Combe

A detached cottage in a peacefullocation


Castle Combe

A period cottage on the edge of abeautiful village


Nettleton, wiltshire

An attractive former school set in 3acres


Biddestone, Wiltshire

A pretty period cottage withcountryside views


Lacock, Wiltshire

A family home with glorious views


SOLD PROPERTIES

Norton St PhilipA charming rural cottage nearWarminster


St. Catherine, Bath2 semi-detached houses for renovation

SOLD

Combe Hay

A pretty period cottage in a popularvillage just outside of Bath

Guide Price £450,000SOLD

SOLD PROPERTIES

SOLD Guide Price £500,000

Francesca Leighton-ScottCountry AdministratorT +44 (0)1225 [email protected]

With the current market conditions, it has become so important to getyour property to the widest possible audience as quickly as possible.With 244 offices worldwide including 59 in the UK, we are well placedto achieve this.

Biddestone, Wiltshire

A charming terraced house in a prettyvillage


claverton

A 4 bedroom family home in a ruralsetting on the edge of Bath


Burton, Wiltshire

A 5 bedroom detached property in agood North Wiltshire village


Camerton, Somerset

A delightful 17th century rectory in aSomerset village


Ston Easton, Somerset

An impressive detached formervicarage set in the heart of Somerset


St. Catherine, Bath

Stunning views over the St. CatherineValley


Upton Cheyney

A truly fantastic renovation opportunitywith elevated views


lanhill, wiltshire

A beautiful Grade II Listed stone barnset in charming countryside

SOLD

Saltford, BristolA 5 bedroom stone built house datingfrom the 18th century

Guide Price £795,000SOLD Guide Price £895,000SOLD

“We are very happy with the result but inparticular with your personal andprofessional approach.”Mrs M Gorley

10 Bath View

Country Property

PROPERTIES FOR SALE

Codford, Wiltshire

A substantial family house with accessto good communications


Bitton, Gloucestershire

An idyllic hideaway with a riverfrontage

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

Little Keyford, Somerset

Perfect, quiet, rural family living withstunning, distant views


Cold Ashton, Somerset

A beautifully renovated and extendedfarmhouse


Tellisford, somerset

An attractive and compact sportingestate close to Bath


SOLD PROPERTIES

South Wraxall

A 4 bedroom farmhouse, cottage andgrounds in a rural village


Frome, Somerset

An immaculately presented convertedfarmhouse set in 15 acres

SOLD Guide Price £1,295,000SOLD SOLD Guide Price £1,450,000

steeple ashton

A unique Grade II Listed property full ofcharacter and charm

Wickwar, South Glouc

A spectacular family home with 3 bedannexe and equestrian facilities

Charlie TaylorOffice PartnerT +44 (0)1225 [email protected]

Knight Frank continues to lead the way in the country with the largestdedicated country house team based in London and officesthroughout the South West. As conditions get more challenging wehave seen an increased demand for our national and internationalreach.

“Difficult economic times have not made thisan easy process but your team has workedhard throughout.”Mr & Mrs L Pearce

St. Catherine, Bath

2 newly converted barns with beautifulviews


Holt, Wiltshire

A period family house in a peacefulsetting


Great Elm, Somerset

Regency splendour close to Bath


Frome, Somerset

A fantastic family home set in 70 acres


wick, gloucestershire

Everything a family would needbetween Bath and Bristol


Timsbury, Somerset

An impressive and immaculate GeorgianManor House with stunning views


Norton St. Philip

Georgian village home close to Bath


Combe HayAn immaculately restored family homevery close to the centre of Bath

SOLD

Sandridge, Wiltshire

The complete family package with far-reaching, fabulous views


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.

Bath4 Wood Street, Queen Square,Bath, BA1 2JQ+44 (0)1225 325 999KnightFrank.co.uk

Documents

Bath View - Knight Frank...A 4 bedroom Grade II Listed terraced town house Guide Price £1,650,000 Pulteney Road An imposing town house with views of The Rec, The Abbey and beyond