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.

Effects of Covid-19 on the UK Lettings Market

James Somers MARLA
Head of Lettings, London

The effects on the property market due to Covid-19 have been clear; with the country on lockdown since the end of March there has certainly been less activity across the UK housing market. However, since the lockdown measures were lifted for estate agents last month, we have seen an increase in lettings activity and it’s clear that people are preparing themselves for life after lockdown – a massive boost for the lettings market and one we certainly all needed!

At UK SIR, we saw lettings enquiries increase by over 130% from April to May, echoing our predictions of pent up demand during the lockdown period which put almost everything property related on hold. This huge increase is partly due to the fall in demand we saw at the end of March, but this is an extremely positive change and a sign that demand for rental properties is growing much more than sales.

Despite this returning demand and rise in enquiries, while rents initially remained fairly steady, new reports suggest that achieved rent levels look likely to come down and we have already seen Landlords accepting lower offers to ensure they have a tenant and eliminate any vacancy period even if this means taking a lower rent. June through to September is typically the busiest period of the year for lettings agents but with travel restrictions still in place, we have seen hardly any corporate relocations since Q1 and the uncertainty for students surrounding their studying means the flurry of international students we normally see at this time of the year is down as well. With that said, people will always need a place to live and with the wider impact of Covid-19 on the sales market, we expect to see more would be buyers filling the void and opting to rent instead with lettings being a more stable option as the long term effects of this pandemic become more clear. For that reason I expect the lettings market to remain buoyant with more activity predicted over the following months.

Those who are looking are planning for every eventuality and the lock-down has put peoples living situations into perspective with many revaluating what they actually need and what’s most important to them. Many of the enquiries we are now seeing have requests for outside space and a home working space which shows the shift in people’s needs as working from home for many is likely to continue for some time. With the fear this could happen again at the back of many people’s minds, they want to know they are prepared for another lock-down and have the most comfortable home environment possible.

This is also evident through the increase in activity from our Country Office. The demand for country rental properties is still strong with many London families looking to either up sticks and relocate to more rural areas with good connections into London or to acquire a second home where they can all live more comfortably without feeling on top of each other in their smaller London residences which might have little to no outside space. With the “staycation” also expected to be more popular this summer with families opting to stay in the UK rather than take the risk of traveling abroad, we expect to see many people taking out short-term holiday lets with houses coming with pools and tennis courts being the most popular.

During the lockdown it was important that we did not become complacent and were there to support our clients throughout this difficult time. While the country was on lockdown we continued to advise and prepare our landlords for when the lockdown is lifted. This was a great opportunity for many of them to get their properties ready whether that be finishing off the renovations, tidying up the garden or as we saw for many – organising virtual reality tours of their homes. We wanted to ensure we were putting our clients in the best possible position to capitalise on the returning activity as soon as social distancing measures were lifted and it was thanks to this effort that meant we were ready come 13th May, with multiple offers already agreed.

Lets for the Summer in the English Country Side

Main Road, Farthinghoe, BrackleyNorthamptonshire, NN13

6 Bedrooms | 6,623 Sq. Ft.

£10,000 per week

Abbey Lodge is a uniquely historical house in a desirable location. The house has a rich history, and dates predominantly from the 15th and 16th centuries. Farthinghoe is a rural south Northamptonshire village close to the border of north Oxfordshire. The village has a primary school, The Fox public house/restaurant, repair garage and parish church. There is good communication with intercity train services from Bicester North to London Marylebone and access to the M40 at either J10 for the south or J11 for the north.

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The Ridge, Neston, Wiltshire, SN13

6 Bedrooms

£6,923 per week

Enjoy your first view of this traditional country house set within 12 acres from the gravelled sweeping driveway, the solid wooden door giving access to the traditional hall with flagstone floors and high ceilings, step into a cosy TV room with comfy armchairs, cushions and colourful throws, the perfect space to lose yourself in a movie. Passing back through the dining hall a larger lounge warmed by the open fire, welcomes you with comfortable seating for all that come to stay. The indoor pool with heated pool and changing rooms is perfect whatever the season with by folding doors that open onto the gardens.

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Farm Lane, New Yatt, Witney, Oxfordshire, OX29

Bedroom

£4,000 per week

This luxury farmhouse is the perfect place from which to explore the rolling Cotswold countryside whilst still being close to the market towns of Witney, Woodstock and the City of Oxford. The farm has plenty of space with 7 bedrooms, 5 bathrooms, 3 reception rooms and a superb Johnny Grey designed kitchen. New Yatt is a small village situated 2 miles from the bustling market town of Witney. Woodstock and Blenheim Palace are 7 miles away and the “city of dreaming spires” Oxford 12 miles.

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Exquisite London Lets

Turner House, 6 Exchange Court, Covent Garden, London, WC2R

2 Bedrooms | 806 Sq. Ft.

£1,200 per week

Presenting this modern two-bedroom, two-bathroom first floor lateral apartment with a large semi-open plan living room complete with a modern bespoke kitchen. The apartment is beautifully presented having been recently redecorated throughout and further benefits from access to a balcony from the living room. Turner House is perfectly located in the heart of Covent Garden and is moments from the Covent Garden Piazza benefiting from the plethora of shops, bars and restaurants the area has to offer.

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