Prime properties of North Yorkshire

Our York office has a boutique and niche feel, and we cover the upper end of the residential market in North Yorkshire, selling some of the finest property in the region. Our mission is to deliver optimum service and results for vendors and buyers alike by combining cutting edge marketing strategies with our knowledge of the market and our personable skills. The type of property we sell befits the Sotheby’s International Realty brand thus making our connected business perfect partners to work with each other.

York is seen as a property “hot spot” in the north of England. The city centre is abundant with wonderful architecture as well as cutting edge modern development and a vibrant lifestyle, making it a go-to destination. Connectivity to London is wonderful with direct trains taking less than 2 hours to travel between the two places which has resulted in the last year many people relocating from London to York simply for a better life work balance. From York, the journey takes 40 minutes to reach the North York Moors National Park or The Yorkshire Dales and in 1 hour you are at the coast.

York has also seen strong capital growth year-on-year and now is one of the most prime destinations to live in the north. It is also a very popular tourist destination so those looking to invest and generate income through holiday lets are doing so.

Toby Cockcroft
Managing Partner
York Office

 

 

 

 

 

 

Lords Moor Lane, Strensall, York, YO32 | 2,995,000

Live in UK’s only UNESCO World Heritage site

Christine Penny
Director Bath and South West Residential

When it comes to real estate in Bath, Christine Penny is the name that comes to mind. Spending 25 years in the property industry has allowed her to witness sweeping changes in the market. She joins UK Sotheby’s International Realty to bring Bath properties to the global market and expose listings to those who had never previously had access.

Bath is one of the most desirable places to live in the UK. The reasons why are many and varied; they include the city’s Roman heritage, Georgian architecture, great schools, stellar shopping and close links to London.

View of Royal Crescent in Bath, England

Highlights of Bath include:

Culture. The Theatre Royal (which has pre-west end productions), The Egg, (for inspiring young thespians), Festivals that include The Literary Festival, The Mozart Fest, Bath Boules Tournament and other current food and music fixtures.

Sports. Olympic standard sports facilities at Bath University, Premiership Rugby, County Cricket, Competitive Golf, Rowing Clubs, Bath Half Marathon and Horse Racing.

Recreation. Parks, the River Avon and Canal, Cycle Paths, Spas, Rural Countryside.

Bath is synonymous with hugely aspirational property. With its magnificent Georgian terraces, crescents and streets, as befits a city with World Heritage status, Bath possesses any number of enviable addresses and for that reason, it is not surprising how many famous people over the centuries have contributed talent and vision and choose and have chosen to make this their home. From Jane Austen, Beau Nash, John Wood and Ralph Allen to (current day) Nicolas Cage, Van Morrison, Peter Gabriel, Jane Seymour and John Cleese (to name a few).

London Road West, Bath, Bath, BA1 | £2,250,000 | 5 Bedrooms | 4 Bathrooms

Bath is a fantastic place for families. Offering great education opportunities, many family friendly attractions and a safe, inspiring environment for children to grow up in.

Quality schooling is one of Bath’s great attractions, and the reason why many parents relocate to the city from London and elsewhere in the UK and abroad. Prior Park College, King Edward’s School, Kingswood School, the Royal High School and Monkton Combe School are leading independents. Bath also offers some of the finest state education in the country at both primary and secondary level.

Facts: Bath does not have industry or head offices. Bath is not a victim of commerce. It does however rely on tourism.

The Roman Baths, City of Bath, Somerset

Countryside surrounding Bath: Beautiful countryside and any number of charming villages and towns surround Bath. Attractive counties such as Somerset, Wiltshire and South Gloucestershire are all in its immediate orbit.

The Mendip Hills and the Somerset levels offer a magical blend of history and legend. Overshadowed by its awesome Tor, Glastonbury is the Mendip district’s most famous town. While Wells, England’s smallest city, is dominated by its magnificent cathedral.

To the east of Bath is the rolling rural landscape of Wiltshire with its chalk horses and picture-postcard villages. Bradford on Avon is packed with specialist shops, art galleries and any number of desirable properties. Other Wiltshire villages of note include Corsham, Box and Castle Combe.

Bath has excellent transport links with mainline train service to London Paddington every 15 minutes and taking less than 90 minutes to reach central London. Bristol International Airport is a short drive away from the city centre and has flights to many European cities and holiday destinations.

The motorway network to the north of the city is also excellent with easy access to the M5 heading both south to Exeter and north to Birmingham and beyond. Junction 18 of the nearby M4 heads east towards London and west into Wales.

Bath is designated as a World Heritage site by UNESCO, it is the only city in the UK to have this honour bestowed upon it.

The city possesses a vibrant cultural scene, where the arts, food, fashion and sport all feature heavily.

Vaccinations don’t affect country move decision

Craigweil Lane, Bognor Regis, PO21 £3,600,000 | 5 Bedrooms | 6 Bathrooms

2020 and 2021 undoubtedly saw a large increase in enquiries and moves from urban areas to more rural ones. There were two kinds of people: Those who moved lock stock and barrel and those who bought a place in the country and retained either their home in the city or ever downsized in the city. So far, following the success of the inoculation program, we have not seen a return to the city, with many movers now settled into their new areas and successfully working from their new home office. Locations near transport have been key and as long as there is an excellent road or rail network nearby, there has been little limit to how far from the city they are prepared to go, perhaps restricted by time instead.

For example, at the time of writing we have a couple buying a beautiful mews house within stunning rural converted stables and surrounding lakes and lawns, forming part of a larger manor house, whilst they retain their home in London. They love the idea of being close to their children and grandchildren, only a few miles away, yet they can be at their London home within 45 minutes. Our mailing list has increased exponentially with buyers looking for the perfect family house away from the city and at some point this will slow down, but right now, all the evidence is for this market to continue.

Broadham Green Road, Oxted, RH8 | £2,000,000 | 4 Bedrooms | 3 Bathrooms

Most of the properties that have been taken up by this migratory force have been the larger family homes. Families with younger children through to late teens. Great schools nearby have been important, although many of the children stayed at their school, as long as they are boarding or commutable. At below £500,000 the market has been pushed along by factors such as the stamp duty holiday but also the pent-up need to move over the last year caused by working from home, births, employment etc. In prices over £1,000,000 it tends to be houses with great gardens and a good home office that have the greatest appeal and as said before, close to transport, yet away from the busy roads.

Buyers remain interested in unmodernised properties that they can renovate to their own specification and design but also, especially properties that are presented fully completed.

Properties in the commuter belt remain hot targets for buyers with a shortage of good stock and buyers waiting to pounce. A great house will sell very well and within a short period of time. Buyers are there waiting. Buyers from the UK and from international hot spots such as Hong Kong are longing to find the perfect house and if it is priced at the market value and presented well though all the mediums available, this really is a great time to sell or let your house. With the new school year fast approaching, buyers have every reason to capture the market today. Not only will they potentially save £15,000 stamp duty, they will enjoy their new gardens throughout this probable staycation summer.

Jason Corbett, Director Country Sales and Lets

Lifting restrictions make London Sales bounce back

Q1 has indeed been a much busier than expected market for sales. The key drivers being the opportunity for domestic buyers to come into the market with a fewer number of overseas buyers. The lack of travel and restrictions of quarantines has meant that people from overseas have held back on visiting for investment. This however is leading to a pent-up demand of overseas buyers waiting to pounce once these restrictions lift, we will have further updates on this on 17th May.

The Stamp Duty deadlines are approaching, and buyers, agents and lawyers have probably not been busier in terms of people wanting to beat the deadline. Come the end of June the first deadline will be here, with the phasing then continuing over the next three months.

Hong Kong buyers are continuing to be prevalent in the UK market, and we expect this to continue and grow as the travel restrictions lift.

This quarter alone we have sold a high number of properties including a bulk sale for £15m, the Iconic Lost House by Sir David Adjaye, £6.5m, a house in Hampstead for £16m, and Eaton Place £4.25m. The current level of properties under offer is at its highest yet, and these sales are primarily a result of lifestyle changes, investment and “life after lockdown.” The key requirements that people continue to request are space (indoor and outdoor), light and views. Lockdown restrictions are lifting, and we can now meet clients for outdoor lunches, visit pubs and begin high street shopping again. In the business world, JP Morgan have announced that employees should be back in their offices by July, which only emphasizes the importance of the continuation of City living!

Guy Bradshaw
Director, Head of London Residential

 

 

 

 

 

 

Curzon Street, Mayfair, London, W1J | £8,500,000 | 3 Bedrooms | 4 Bathrooms

Leasehold Property | Is the statutory landscape changing?

A recent government announcement was presented by the media as the most significant milestone in property ownership in decades. The answer to the question in the title should therefore be an emphatic “Yes” but is that a little premature?

The rights of leaseholders to extend a lease or to acquire the freehold are well established. The process is currently governed by the provisions of the Leasehold Reform Housing and Urban Development Act 1993 (as amended).

Further to the government announcement in January 2021 (following Law Commission recommendations), the statutory landscape in England will change.

The timing and to what extent however remains to be fully determined.

The primary changes proposed

Abolition of “marriage value”, being a sum that is linked to the increase in value of the property after a lease extension and payable to the landlord where the unexpired term of the lease is 80 years or less.

The right to extend the term of the lease of both flats and houses to 990 years at a zero ground rent.

The valuation of the premium payable will be simplified and an online calculator introduced.

Leaseholders would be able to agree a voluntary restriction on their development of the property (adding a storey for example) in order to avoid payment of development value.

A right for leaseholders to buy out the ground rent without having to extend the lease.

The future ground rent in new residential leases to be zero

Should I act now or wait for the reforms?

The government announcement has undoubtedly placed landlords, leaseholders and buyers in a difficult position.

There is no timetable in place for the enactment of the proposals. There is no guarantee that the legislation will reflect the proposals. The proposals will inevitably be subject to scrutiny and challenge by freeholders on human rights grounds.

For example, there are freehold owning charities who rely on the income from ground rents and premiums (including marriage value) to fund charitable initiatives – how will this income be replaced?

A leaseholder with a lease that is approaching the 80 year mark ought to take urgent advice on their options as a decision to wait for the reforms could have significant financial implications.

Leaseholders of shorter leases ought to undertake a very careful analysis of the possible scenarios and the likely financial outcome of each.

For instance, the premium to extend a short lease in Prime Central London could be several hundred thousands of pounds (or more).

To delay an extension whilst awaiting the reforms could significantly increase the premium payable. If marriage value was to be abolished in the reforms this might negate the increase in premium.

There is however no certainty that the marriage value will be abolished entirely meaning there would be significant risk in deciding to wait for the reforms in such circumstances.

We would recommend that discussions take place at an early stage with an experienced lawyer and valuation surveyor to consider the various outcomes so that each route can be properly evaluated. There may also be opportunity for offers to be made to landlords who do not wish to wait for the outcome of the reforms.

There is a lot more to come in this story. Assuming the government does press ahead it could be 2-3 years before we know the extent of the changes to the statutory landscape.

David Quinn

Managing Associate in the Real Estate department at Ince and a specialist in leasehold reform matters.

Ince

 

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Mary Roberton
Global Real Estate Associate
Thank you to David for his insightful piece, we certainly hear a lot of questions associated around the leasehold terms on London property, and it is undoubtably true that extensions add value to your investment. Whether this be to stabilise your pricing and market value for selling, or that its a cost you need to consider in your offer price when buying.

If this is a subject you would like to learn more about please get in touch to schedule a call with David or myself.

Melbury Court, Kensington High Street, London, W8

The first quarter of this year has been extremely busy in the residential market, with our team agreeing significant sales on a weekly basis with both our locally based clients, and we have naturally also seen an increase in remote purchases from our international clientele.

As we head positively towards air corridors reopening and with a large backlog of interest from international buyers planning to fly in to London we are expecting a highly active Q2 & Q3 in sales.

If you have also been considering selling a property, now is the perfect time to begin the process with us.

 

38 Curzon Street
London, England, W1J United Kingdom

Thinking of buying or selling property in the UK ?

 

 

 

We’re Hiring in Cobham | Country Office Sales Associate

We are looking for a self-motivated, ambitious, and digitally savvy individual to join our Country Office in Cobham. We like to hire those with a little something extra.

Click here for the full posting on Indeed.com

The individual must have a proven track record of sales and or lettings and ideally have worked in prime London property sales. Reporting to and working closely with the UK Country Office Director the individual will be supported by the Cobham office, shared services in the London office and will benefit from access to a global marketing platform, international desks and an unrivalled referral network of over 1000 offices and 25,000 brokers worldwide. We are looking for someone to help build and create a team that will service Surrey and the South of England for mainly residential sales and some lettings.

The person will be self-motivated, driven and ambitious. Being tech savvy and willing to learn a new way of brokering properties is a must. We use innovative platforms that require self-learning to perform at the global level. A high level of comfort in the digital and social media realm is necessary to network across borders and through our current pandemic situation. The ideal candidate will want to build their own business and book of clients as there is an uncapped potential for earning with a rewarding commission structure. An instruction winner and exemplary customer service levels are fundamental to our business ethos. There may be opportunities to travel to London, across England and overseas as required.

If you would like to deal with luxury homes, new build investment sales and help build investors property portfolios whilst growing your own career then contact us with your CV and Covering Letter.

Must be able to drive and have own car. Commission Only

Recruitment agents need not apply.

Apply now with your covering letter and CV.

Contact our Country Office at +44 (0)1932 860537.

Landlord Advice | Virtual Tours are a Necessity

Make your property viewable 24-hours a day!

Like many industries over the last 12 months, especially one that has been built on face-to-face meetings, real estate has had to adapt to survive and utilizing the latest technology has become essential for us to succeed in the new normal.

In particular and now more than ever as we find ourselves in the midst of a 3rd lockdown, virtual reality (VR) is one of the most effective tools available and here’s why:

For tours, VR can provide a 360-degree view of a property, 3D floor plans, and an interactive experience of the location.

Prospective buyers and renters can view properties directly from devices like computers, tablets, and smartphones anywhere in the world.

VR tours can help prospective applicants immediately envision themselves in the home – it allows people to explore a property in detail and to actively engage with what they see in their own time.

  • People don’t have to physically see the property to be convinced to make an offer.
  • VR allows estate agents to have a 24/7 open house, with no restrictions on viewings – ultimately maximizing your exposure!

The COVID-19 pandemic has resulted in both an aversion to human contact where possible and increased familiarity with digital tools. When buying or renting a house, people are therefore better prepared to complete the whole process online and VR makes this how process much more transparent, as buyers/renters are fully aware of the condition, size, and location of the home from the very start.

As an industry leader, we have fully embraced the use of VR and see this becoming an integral part of our industry, even after the pandemic is behind us. With restrictions across the capital likely to strengthen over the coming weeks, maybe days, it is essential that you are best prepared for what lies ahead and while estate agents can still show property for now, there is every possibility this might change. If agents aren’t able to show property and applicants can only view properties online then without a proper VR tour available, there is every possibility you could find yourself with a vacant property and no income.

Get in touch with us now to speak about this further and get a quote for your home!

James Somers MARLA
Head of Lettings, London

Buy-to-Let | How to expand your property portfolio

Are you looking to expand your property portfolio? Find out how we can help!

What is UK Sotheby’s International Realty’s Invest Service ?

Andy Berthier MARLA
Head of Property Management – Residential Lettings

We source opportunities, and carry out the due diligence for clients wishing to invest in property. We help both people who are just starting their property journey and others who are looking to expand their existing property portfolio.

This involves supplying clients with detailed insights into how different types of properties or investment strategies work in the current market. We endeavour to help our investors to build up a pension, create an additional income steam or simply leave a legacy.

We can also help manage all types of property projects.

Why do we offer Invest Service?

Finding properties with real potential for a competitive price, is becoming increasingly difficult. As specialists in this area, we have the experience, skills, knowledge and network of connections to help.

How does Invest Service benefit landlords who are looking for new investment opportunities?

Existing landlords are often extremely busy, particularly if they are managing their own properties. By using our invest service, investors benefit from working with professional, reputable, passionate property people who know the local market and have access to great deals.

Sotheby’s UK Invest takes away the time to research your next opportunity.

Why do landlords choose to work with UK Sotheby’s International Realty to invest rather than go it alone?

The main reason they choose to work with us is because we save them time, hassle and in the long-term money.

In many cases we also let and manage our investors’ existing properties, so they have real confidence in our services.

What is the key difference between Invest Service and a Property Buyer?

The biggest and most important difference is that we use our own in-house team to let and manage the properties that have been sourced for investors. That way, we gain a deep understanding of how a property will perform over time. It means we can give a much more consistent and accurate overview of an investment rather than just focus on purchase prices and market statistics.

A property buyers experience is often limited to seeking out properties for purchase, without the long-term commitment to investors.

Let us source it. Renovate it. Find the tenant. Manage it.

You don’t have to wait to develop your portfolio in London or across the UK.

In fact, you shouldn’t wait.

With the UK Government about to levy the Foreign Buyer’s Tax, letting us source your next rental investment now would save you money.

The UK Stamp Duty Holiday has been extended, knowing that buyers are continuing to snap up properties in order to save on stamp duty. This means there’s a good amount of high quality properties on the market, and you don’t have to wade through the listings yourself.

Woodhill Lane, Shamley Green, Guildford, GU5 | Tanyard Farm is Richard Branson’s old family home

A wonderful four double bedroom family house nestling in around 1.4 acres that is tucked away in the ever popular village of Shamley Green.

Full of beautiful character, the house lends itself to home working and to families of all ages. With an in and out driveway behind substantial electric gates, there is both a good front garden and large rear. Rising to the rear, the garden is laid to lawn and is bordered by gardens, woodland and pastureland. There are several patios and seating areas and other buildings with lapsed planning permissions.

Mentioned within his autobiography, Tanyard Farm is Richard Branson’s old family home and has potential to expand as required with lapsed planning for additional buildings in the garden.

This four-bedroom home lends itself well to home working families. Located in the heart of Shamley Green, one of Surrey’s most popular villages, this is an area of pretty, conservation villages benefiting from the stunning Surrey Hills Area of Natural Beauty and is just over 5 miles to the south of Guildford. Tanyards Farm is just a short distance from the cricket green, village store, cafe/delicatessen and two local pubs.

Undoubtedly full of interesting history and in such an amazing location, tucked away, yet with a short stroll of 2 local pubs, this house really has it all. Awesome schools on the door step, shopping nearby and London only a short car/train journey away.

In his 1998 autobiography, Losing My Virginity, the Virgin founder mentions Tanyard Farm. It was where Branson’s first business ventures began with the planting of a Christmas tree farm within the 1.4 acre grounds. Branson had hoped to sell the trees but hadn’t counted on rabbits eating their way through the plantings before they were anywhere near fully grown.

Jason Corbett, Director Country Sales and Lets

Contact Jason at  +44 1932 860 537  or +44 7910 395 419.

Email Jason

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