Preston Bennett Fine Homes Winter 2016
The Hamptons International London and South Hertfordshire branch network Whether in London or across the south of England, our widespread network of over 85 branches will work together to sell or let your property at the best possible price. HERTFORDSHIRE Stanmore Muswell Hill Hampstead Islington St John s Wood Ealing East Sheen Notting Hill Kensington Sloane Square Chiswick Chelsea Richmond Teddington Twickenham Barnes Hyde Park & Bayswater Fulham Putney Earlsfield Wimbledon Mayfair Knightsbridge Battersea Pimlico Clapham Balham City Canary Wharf Tower Bridge Greenwich Blackheath Dulwich Kingston upon Thames Surbiton hamptons.co.uk
welcome to more 3
4 Preston Bennett Fine Homes 020 8954 0060
STANMORE 5
BUSHEY HEATH 6 Preston Bennett Fine Homes 020 8954 0060
conveyancing specialists Whether you are moving home or buying for investment, Moerans Solicitors will help make the legal process painless and transparent. You will never be left in the dark. Other services include: Commercial Property Wills Lasting Powers of Attorney Inheritance Tax Planning Trusts Estate Administration Our friendly and experienced team will communicate clearly in plain English and are always happy to answer your questions. By working closely with your estate agent, mortgage adviser and lender, we aim to provide you with a comprehensive service way possible. Call NOW for a quote or email: newbusiness@moerans.com www.moerans.com 020 8952 0242 Authorised and Regulated by the Solicitors Regulation Authority No: 52381 Moerans Solicitors 123 Station Road Edgware HA8 7JR
Fasten your seatbelts The Brexit shock The vote to leave the European Union (EU) has unsettled the housing market, but the major driver of its performance will be the path of the economy. That is uncertain as the arrangements for decoupling from the EU and the effect this will have on trade have yet to be seen. will weaken markets In our central scenario we expect the economy to weaken and for this to affect house price growth and transaction levels as consumer confidence, household incomes and the labour market are affected. We expect UK house prices to see a growth of just 2.5 per cent in 2016 and -1.0 per cent in 2017, before recovering to 2 per cent in 2018....London and the South will feel it most We expect the London markets to see the biggest falls in house price growth, particularly at the most expensive end of the scale. Some of that slowdown is entirely unrelated to Brexit. Higher stamp duty is taking its toll, but after several years of double digit price growth, expectations of future capital gain have also weakened, reducing demand. We expect to see some correction in these markets in 2016 and 2017 but a recovery in 2018. but the North and Midlands don t escape While London and South Eastern markets are expected to see the largest slowdown in prices, the North and Midlands are also expected to slow. Weaker economic growth takes part of the responsibility, but so too will uncertainty about export tariffs and inward investment, despite the support of a weaker currency. Supply shortages will support prices while ultralow interest rates will help to support demand The continuing lack of supply of property will remain a supportive factor for house prices across most of the country. And as the Bank of England has reduced rates and introduced more quantitative easing, mortgage finance will be available to help demand. which will support demand in the rental markets Demand for private rented accommodation should remain strong. Uncertainty about the path of house prices and slower levels of activity are likely to increase the supply and demand for rented accommodation. Those unable to sell in a slower market may choose to rent their property to gain an income, while those moving may choose to rent for a while before purchasing, particularly if they expect a reduction in prices. Uncharted territory brings big forecast uncertainties There are higher than usual risks to these forecasts given the extraordinary nature of the challenges ahead. Most risks are to the downside and will be dominated by the UK s ability to leave the EU in an orderly fashion and maintain its trade links and markets. It isn t certain, but an orderly exit is in the interest of the European and indeed global economies, given the size of the UK s economy. Source: Countrywide Research *Defined as selected postcodes within Belgravia, Westminster, Kensington & Chelsea. **Defined as selected postcodes within Ealing, Greenwich, Hackney, Hammersmith & Fulham, Haringey, Islington, Lambeth, Lewisham, Newham, Southwark, Tower Hamlets, Wandsworth. Preston Bennett in association with Hamptons International 2016
Market Insight September/October 2016 The Waiting Game The vote to leave the EU took the markets by surprise and has hit sentiment, but nothing can actually change until the UK s exit become formal. When Article 50 is invoked, the clock starts ticking and there will be two years in which to negotiate an orderly exit. But up to that point, the UK remains a member of the EU, with all the rights and freedoms of trade. The new government may not be a different colour, but it does seem to have an altered approach to austerity. Allowing there to be more slack in the public finances to help smooth the UK s transition will be welcome news to many, and will help to support the economy through challenging times. The economic indicators with the biggest bearing on the housing markets are GDP, inflation, interest rates and the labour market. Most economists agree that leaving the EU will have a negative effect on GDP and as a result on household income growth, which is crucial for housing. Uncertainty is the biggest problem and that will affect investment decisions and hence the pace of economic growth. However companies which said they would move from the UK on a vote to leave the EU, have yet to make any arrangements to do so. The UK is a big importer so the 10 per cent fall in Sterling means we should expect inflation to rise significantly. That will erode households real spending power which in turn will affect economic growth and demand in the housing market. However, the Bank of England and its Monetary Policy Committee has cut rates and introduced more quantitative easing to provide some boost. But today s times are very different to 2008/9. The credit crunch was the major cause of the deep and lasting recession we faced then, but banks are much stronger and more resilient, so the lending markets for investment - and housing- will still be able to function and satisfy demand. -4.0 1.50 1.45 1.40 1.35 1.30 1.25 1.20 1.15 1.10 1.05 1-3.5 05 January 2016-3.0 Sterling v US$ and Euro 05 February 2016-2.5 05 March 2016 Euro into sterling -2.0-1.5 05 April 2016 US$ into sterling -1.0 05 May 2016 IFS NIESR OECD HMT -0.5 0.0 Source: Forecasters 05 June 05 July 2016 2016 Source: Bank of England Driving a Hard Bargain As affordability has deteriorated, fuelled by an insufficient growth in the supply of new homes, some form of adjustment to house prices was always a possibility, particularly in the areas which have seen the fastest growth. The vote to leave the EU has increased uncertainty about economic prospects and acts as a catalyst to changes in house prices as buyers and sellers factor weaker conditions into their negotiations. Data on the ratio of asking to achieved prices shows that there has already been some impact on prices since the referendum. The ratios of asking to achieved have softened in most parts of the UK reflecting price negotiation in the face of the uncertain times ahead, with the largest effect in London. Of course when dealing with homes, individual characteristics vary so much that averages may not tell the full story. Some properties still fetch above the asking price, despite the average ratio of asking to achieved price being 97 per cent. But the softening theme on prices is clearly backed up by looking at the change in the proportion of properties where sales have reached a price above the asking. And, what is more revealing is that it is higher priced property that has seen the biggest effect altogether. Property priced at over 2million has seen the percentage of initial asking price achieved fall from 97 per cent in June, broadly unchanged on July 2015, to 92 per cent in July after the referendum. And this is also reflected in the sales agreed over the asking price falling from 20 per cent in July 2015 to 14 per cent in July 2015. Initial Asking to Achieved Sub 250K 250K to 500K 500K to 1M 1M to 2M Over 2M Sub 250K 250K to 500K 500K to 1M 1M to 2M Over 2M Source: Countrywide Research Source: Countrywide Research prestonbennett.co.uk Preston Bennett in association with Hamptons International 2016
10 Preston Bennett Fine Homes 020 8954 0060
POTTERS BAR An outstanding Edwardian Grade II listed detached residence situated within a local conservation area and only 25 min from King's Cross station, incorporating the aesthetic elements of a period Edwardian property with high ceilings, beautiful period features. Having been sympathetically modernised by the current owners to provide a home of distinction and quality, the house sits on a plot of approximately 0.75 acres. 6 bedrooms 3 reception rooms summerhouse and wine cellar extensive parking tennis court and heated swimming pool driveway and double garage with electric doors 11
STANMORE SOLD Green Lane Stanmore Freehold POA A stylish and contemporary 3691 sq. ft detached residence which has been meticulously maintained by the current owners to provide a delightful property designed to suit modern family living. 5/6 bedrooms 3/4 reception rooms 4 bathrooms utility room large front driveway and 181 landscaped rear garden 12 Preston Bennett Fine Homes 020 8954 0060
PINNER 13
TOTTERIDGE 15
16 Preston Bennett Fine Homes 020 8954 0060
MILL HILL A handsome, substantial and beautifully proportioned six bedroom, Georgian style, detached property which occupies a favourable position on this premier road built approximately 15 years ago by Octagon. 6 bedrooms 4 reception rooms 4 bathrooms bespoke kitchen by Clive Christian under floor heating master bathroom air conditioning to all bedrooms electric gated entrance approximately 5132 sq. ft 17
Hartsbourne Avenue Bushey Heath Freehold 1,895,000 18 Preston Bennett Fine Homes 020 8954 0060
BUSHEY HEATH 19
STANMORE A luxurious three bedroom ground floor apartment built some twelve years ago within an exclusive gated development offering larger than average accommodation combined with a luxurious specification. Queens Lodge is nestled in landscaped gardens with a private drive set behind electric gates. 3 bedrooms reception room and dining area 2 bathrooms terrace 2 allocated underground parking spaces approximately 1821 sq. ft 20 Preston Bennett Fine Homes 020 8954 0060
BUSHEY 21
Marquess Villas Bentley Priory Stanmore Freehold 1,200,000 Offering sumptuous living planned over two floors, this classically elegant townhouse offers 1,870 sq. ft of accommodation, comprising three stunning bedrooms, the principal having a luxurious en suite bathroom and a further family bathroom, a beautiful roof terrace that wraps around three sides of the house providing stunning views over the 57 acres of landscaped grounds. EPC: C 3 bedrooms 2 reception rooms 2 bathrooms (1 ensuite) kitchen family room 2 parking spaces
STANMORE 23
LUXURIOUS NEW Show Home Now Open Prices from 1,995,000 *
020 8954 8626
STANMORE 27
OXHEY 28 Preston Bennett Fine Homes 020 8954 0060
HARROW WEALD Portman Hall Harrow Weald Share of Freehold POA 29
Valencia oad Stanmore Freehold POA A substantial double fronted, three story family residence, situated on a prominent plot on one of Stanmore s most favoured residential locations situated literally around the corner from Stanmore station, having a floor area of approximately 6,000 sq. ft benefiting from an impressive indoor swimming pool complex which has bi folding doors onto the secluded terrace and gardens. 7/8 bedrooms 4 reception rooms 4 bathrooms south facing garden swimming pool complex double garage and carriage driveway
STANMORE 31
SOLD SOLD SOLD Fallowfield, Asking Price 1,650,000 SOLD Egerton Close, Asking Price 1,800,000 SOLD Priory Drive, Asking Price 2,950,000 Pynnacles Close, Asking Price 1,950,000 SOLD Pynnacles Close, Asking Price 4,000,000 SOLD King George Avenue, Asking Price 1,175,000 SOLD Rees Drive, Asking Price 1,200,000 SOLD SOLD Gordon Avenue, Asking Price 1,350,000 Priory Drive, Asking Price 4,000,000 Glaneam Road, Asking Price 1,850,000 32 Preston Bennett Fine Homes 020 8954 0060
SOLD SOLD SOLD SOLD West Drive, Asking Price 2,150,000 Bramblewood, Asking Price 2,100,000 SOLD Haydon Hill, Asking Price 1,250,000 SOLD Dennis Lane, Asking Price 2,500,000 SOLD Warren Lane, Asking Price 7,000,000 SOLD SOLD Stanmore Hill, Asking Price 1,250,000 SOLD Grange Road, Asking Price 1,695,000 SOLD Glanleam Road, Asking Price 4,500,000 The Briars, Asking Price 1,395,000 Bentley Way, Asking Price 1,500,000 33
Allum Lane Elstree Freehold 3,000,000 34 Preston Bennett Fine Homes 020 8954 0060
ELSTREE 35
HARROW WEALD 36 Preston Bennett Fine Homes 020 8954 0060
OUR INSPIRATION COMES FROMYOU 020 8200 5556 interiors@new id.co.uk www.new-id.co.uk
Roundbush Lane Aldenham Freehold 2,000,000
ALDENHAM 39
STANMORE Soane Square Bentley Priory Stanmore Freehold 1,350,000 Soane Square is a classically elegant collection of townhouses and this particular house comprises 4/5 bedrooms. Designed with a distinctly Georgian flavour by multi award-winning ADAM Architects, Soane Square incorporates a range of elegant details that subtly reference the past. EPC: B 4/5 bedrooms 1 reception room 4 bathrooms patio and roof terrace private parking approximately 2129 sq.ft 40 Preston Bennett Fine Homes 020 8954 0060
STANMORE 41
Clamp Hill Stanmore Freehold POA 42 Preston Bennett Fine Homes 020 8954 0060
STANMORE 43
HATCH END An attractive contemporary detached family residence situated on a pretty and secluded South Westerly facing plot measuring approximately a quarter of an acre located on a tree lined private road. The property offers spacious and bright living accommodation. 4 bedrooms 3 reception rooms 2 bathrooms detached double garage 106' secluded south west facing rear garden approximately 2411 sq.ft 44 Preston Bennett Fine Homes 020 8954 0060
EDGWARE A superb 4000 sq.ft home for a large or extended family with a separate annexe situated within the garden which provides a substantial office complex, or alternatively would suit a separate studio or home office or granny apartment. 6 bedrooms 5 reception rooms 5 bathrooms self contained annexe private parking 45
Wall Hall Mansion Aldenham Share of Freehold 3,500,000 46 Preston Bennett Fine Homes 020 8954 0060
ALDENHAM 47
BUSHEY HEATH Chiltern Avenue Bushey Heath Freehold 1,600,000 An imposing and immaculately presented detached Tudor style home at approximately 4262 sq. ft which was extensively extended and modernised fifteen years ago and has been transformed in to a superb family home, benefiting from a spacious kitchen/breakfast room which is open plan to the TV/ family room. 4/5 bedrooms 3/4 reception rooms 3 bathrooms spacious master bedroom with en-suite bathroom and dressing room double garage southerly facing rear garden 48 Preston Bennett Fine Homes 020 8954 0060
BOOK YOUR APPOINTMENT NOW ELDER PLACE Magpie Hall Road, Bushey, Hertforshire WD23 1NU Luxury apartments available in Bushey Heath Downsize your home, not your lifestyle Situated in the charming Hertfordshire town of Bushey, Elder Place is a luxury collection of just 12 stylish apartments set over three floors. Contemporary living Only a short walk to Bushey Heath Private balcony or terrace to all apartments Communal gardens Secure underground parking Low maintenance Passenger lift For further information please call Preston Bennett on 020 8954 8626 or email newhomes@prestonbennett.co.uk shanlyhomes.com
50 Preston Bennett Fine Homes 020 8954 0060
STANMORE 51
Mansion House Drive Bentley Priory Stanmore Leasehold 1,350,000 52 Preston Bennett Fine Homes 020 8954 0060
STANMORE The attention to detail is exquisite, this beautifully designed three bedroom 1,899 sq. ft first floor apartment benefits from a bright and spacious reception room which boasts incredible southerly facing views across the undulating lawns and Italian gardens, the reception room opens directly to the beautifully fitted and contemporary kitchen breakfast room and dining room. EPC: C 3 bedrooms 2 ensuite bathrooms dressing room to the principal bedroom reception beautiful open plan designer kitchen family bathroom 2 parking spaces balcony passenger lift 53
BUSHEY HEATH Hartsbourne Avenue Bushey Heath Freehold 1,775,000 A family residence located on the most sought after turning in Bushey Heath. This wisteria clad double fronted traditional home provides approximately 3,100 sq. ft of accommodation, open plan kitchen family room which looks directly out onto a generously sized garden and patio area. 5 bedrooms 4 reception rooms 3 bathrooms country style open plan kitchen/family room sumptuous entrance hall driveway 54 Preston Bennett Fine Homes 020 8954 0060
Need comprehensive mortgage advice? Look no further than... FIRST FINANCIAL INTERMEDIARIES In the current economic climate nothing is certain. Life is unpredictable, markets are volatile and the world of arranging finance is ever-changing. As financial advisers, we re aware of all of these elements, so we make use of our years of extensive experience and unrivalled contacts to ensure that we achieve the results that you desire. With offices based in Stanmore and London, our firm of financial advisers aims to provide advice to both individuals and companies on arranging finance and their protection needs. At First Financial Intermediaries our focus is on comprehensive finance - we offer a wide range of financial products and services for both personal and corporate clients, as well as advice on a full range of life and critical illness products. To further add to our service portfolio, we work closely with our recommended partner - First Wealth LLP - who provide independent financial planning on a variety of areas including pensions, investments, trusts and taxation. The key to our success lies with our dedicated team of advisers, each of whom is passionate, efficient and dedicated to providing their clients with an unrivalled advisory service. We aim for client service excellence and strive to be the best at what we do by making your entire experience with us as seamless and stressfree as possible. What sets us apart is our approach - we re innovative when it comes to finance. By reviewing your circumstances in a holistic manner and addressing your immediate and long-term goals and ambitions, we are able to produce intelligent and tailored solutions. Please call us on 020 8416 0111 or email info@firstadvisers.co.uk www.firstadvisers.co.uk For over 16 years, thousands of clients have entrusted us with their important financial decisions. We provide expertise across the full spectrum of mortgages, protection and commercial finance, giving you absolute confidence in the quality of our advice. Want to know more? We welcome the opportunity to meet with you on a no-obligation basis to discuss your individual requirements.
A delightful and quite charming five bedroom, three bathroom detached family home, situated at the entrance to a quiet cul-de-sac on the highly sought after Old Lodge Estate and within walking distance from Bentley Priory. The property benefits from a well kept front garden, rear garden in excess of 100 ft, driveway and detached garage which is currently converted into a home office. 5 bedrooms 3/4 reception rooms double volume entrance hall 3 bathrooms driveway detached garage approximately 2496 sq.ft
STANMORE 57
Pynnacles Close Stanmore Freehold POA 58 Preston Bennett Fine Homes 020 8954 0060
STANMORE 59
Glenthorpe Gardens Bentley Priory Stanmore Leasehold 1,550,000 60 Preston Bennett Fine Homes 020 8954 0060
STANMORE Set in 57 Acres of Landscaped grounds with two tennis courts and a four mile walking trail. Residents benefit from the added security of a gated entrance, 24 hour security and a concierge service. This sumptuous three bedroom ground floor apartment has been painstakingly interior designed by Consero London to provide approximately 1750 sq. ft of accommodation, benefiting from a stunning 50 ft terrace. EPC: B 3 bedrooms 1 reception room 2 bathrooms 50ft elevated terrace with south facing views own private entrance 2 parking spaces store room 61
STANMORE 62 Preston Bennett Fine Homes 020 8954 0060
Many of our houses are sold without ever going on the open market. If you are considering moving then register your requirements to gain access to our full portfolio of stunning homes.
37/41 Church Road, Stanmore HA7 4AA 020 8954 0060 finehomes@prestonbennett.co.uk www.prestonbennett.co.uk RESIDENTIAL FINE HOMES NEW HOMES LETTINGS & MANAGEMENT PLANNING LAND & DEVELOPMENT