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Regional report

Each month we visit three agents across the country to discover what is happening in their local market. This month we meet members of The Guild of Property Professionals in South Yorkshire, Devon & Cornwall and Monmouthshire.

The Negotiator
Link to Regional Report - March 2022

STATS: Average time on market: 96 Days Average sale price: £178,531 Number of sales in Q4 of 2021: 19


Link to Regional Report - March 2022MOSS PROPERTIES
Chris Stone, Managing Director

Due to its ideal transport location and reputation as a property hotspot, Doncaster continues to perform extremely strongly. We have seen plenty of local buyers registering as they look to downsize and upsize as a result of the pandemic, as well as professional investors based in the South of England looking to take advantage of the more appealing return on investment that the North of England offers.

City status bid

Doncaster is currently going for City status and this in turn will bring more investment. House sellers therefore have the perfect opportunity to achieve the highest selling price while demand is still high in Doncaster compared to other parts of the UK. The town ranked 19th across the UK for house price growth in 2021 with Halifax reporting an increase of 14.2 per cent or £25,096 year on year increase.

Lively 2021

During Q1 to Q3 of 2021, Moss Properties reported that properties were on the market for an average of 96 days, with properties achieving an average sale price of £178,531. In addition to this, 19 sales were secured in Q4 of 2021.

Doncaster’s finest

Moss Property offers a first-class service, with a high calibre of staff brimming with knowledge enabling a hassle free, day-to-day management of the sale or let of properties within the Doncaster region.

Pictured property: Rossington, Doncaster – offers over £300,000

Link to Regional Report - March 2022

STATS: Average listing price in 2021: £1,137,505 Average time on market: Less than six and half weeks Number of sale in the last four weeks: 4


Link to Regional Report - March 2022D. R. KIVELL COUNTRY PROPERTY
David Kivell, FRICS FAAV

D. R. Kivell Country Property specialises in the sale of country houses and farms across Devon and Cornwall. We pride ourselves on offering a personal and professional service tailored to your individual requirements. David Kivell FRICS FAAV has over 35 years’ experience in the South West country property market and will be pleased to assist you with the sale of your property.

Last year saw considerable uplift in the country property market and there has been unprecedented demand from buyers looking to escape the city and move to the South West, with the pandemic putting larger homes, outdoor space, home working and a change of lifestyle higher up people’s priorities.

2021 was a record year for D. R. Kivell Country Property with our average listing price increased from £782,762 in 2020 to £1,137,505 in 2021. Country houses and equestrian sales have been aplenty with the most notable ones being Coomberrow Farm, near Plymouth, Devon, which sold against a guide £1,350,000. This 64-acre equestrian property featured a five-bedroom character country residence, stables, sand school and woodland.

Quality country homes

In Oldhay near Launceston in Cornwall, a 35-acre country estate with a six-bedroom, Grade II listed house and a substantial Grade II Listed barn sold against guide £1,200,000. North Warne on the edge of Dartmoor, a six-bedroom country house, adjoining one-bedroom coach house with 7.5 acres sold for £1,250,000.

Last year there was a general shortage of good quality country homes and farms for sale across Devon and Cornwall and a record low number of available properties throughout the UK. In 2021, demand significantly outstripped supply leaving many frustrated buyers unable to secure a country property with their search continuing into 2022.

Early indications are that the 2022 country property market will be buoyant with the South West still having a ‘big draw’ for people looking to relocate from the larger cities and we already have many buyers registering, and sellers scheduling market appraisals. Preparations are already underway for our West Country Property Exhibition at our London office in Park Lane on 28th April.

Pictured property: North Warne, Dartmoor – £1,250,000

Link to Regional Report - March 2022

STATS: Homes advertised in Chepstow during 2021: 719 Homes advertised currently under offer: Around 64 per cent Average house price in Monmouthshire: £324,841


Link to Regional Report - March 2022ARCHER & CO
Alex Buchanan, Sales Manager

Winter, a lingering season, a time for many to gather golden moments, embark upon a sentimental journey, and enjoy every idle hour. But what does winter mean for homeowners and home movers in and around Chepstow?

The new year encourages many of us to make positive changes in our lives. A popular choice is pledging to do more exercise, while some people might decide to learn a new skill. But as agents, we find that pretty much every new year brings with it not only a flood of requests from homeowners for valuations, but also a steady stream of enquiries about homes for sale. That means as we make our way through winter towards the spring, the market is usually buzzing. In Chepstow (NP16) throughout 2021 there were a total of 719 homes advertised for sale of which 496 we placed under offer meaning 69 per cent of all homes advertised agreed a sale and it seems that this trend is still continuing as currently around 64 per cent of all homes advertised are currently under offer.

Locally, from October 2020 to October 2021 the average house price in Monmouthshire has increased from £286,379 to £324,841. An average increase of around 13.4 per cent. The average price of a detached house in Monmouthshire increased from £412,000 to £472,000. Semi-detached homes saw a rise from £237,000 to £268,000, terraced saw an increase from £194,000 to £218,000 and apartments going up from £145,000 to 161,000.

Settling market

So, what can Chepstow expect from the 2022 market? As I always say, none of us have a crystal ball but with an exceptionally busy 2021 drawn to a close, it is predicted we will see a closer to normal yet still busy market in 2022. It is also expected that there will be a better balance of supply and demand which will suit more hesitant movers who may have held back from this year’s frenzied market.

We are still experiencing high volumes of buyers leaving the cities, especially from just over the Severn in Bristol as well as London all in the race for space, a better quality of life and better value property making it still a great time for local owners to sell.

Pictured property: Catbrook, Monmouthshire – Guide price £800,000, sold for £875,000

April 18, 2022

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