Connect with us

Current

The locations with the highest demand for family homes revealed

Voice Of EU

Published

on

The areas where demand for family homes has soared during the pandemic have been revealed by Zoopla.

Braintree, Monmouthshire and Knowsley top the list by the property website of the locations where buying the most popular sized three-bedroom family homes has increased in popularity.

It comes amid a shortage of supply in larger family homes for sale as buyers rush to snap up properties with more space amid the pandemic. Zoopla revealed last week that the number of three and four bedroom homes available for sale had dropped to a five-year low.

This three-bedroom family home in Braintree, Essex, is for sale for £300,000 via William H Brown estate agents

This three-bedroom family home in Braintree, Essex, is for sale for £300,000 via William H Brown estate agents

Braintree, Monmouthshire and Knowsley top the list by property website Zoopla of the locations where demand for family homes has soared

Braintree, Monmouthshire and Knowsley top the list by property website Zoopla of the locations where demand for family homes has soared

The biggest growth in demand for family homes was in Braintree, Essex, up 107 per cent, where the average price of a home is £308,000.

It is followed by Monmouthshire, in Wales, which has seen demand increase 103 per cent, and Knowsley in Merseyside, which is up 96 per cent. Typical values in the locations are £263,000 and £153,000 respectively. 

The rankings are based on the places that have seen the biggest rise in demand in the first three months of this year compared to average demand in 2020. Zoopla defined demand as a measure of people who are actively viewing and engaged in finding out more about a property, such as calling or emailing an estate agent.

This three-bedroom house in Undy, Monmouthshire, is for sale for £265,000, via Properts estate agents

This three-bedroom house in Undy, Monmouthshire, is for sale for £265,000, via Properts estate agents

This three-bedroom detached house in Nether Poppleton, York, is for sale for £300,000, via estate agents Reeds Rain

This three-bedroom detached house in Nether Poppleton, York, is for sale for £300,000, via estate agents Reeds Rain

Zoopla said three-bedroom homes are the most coveted type of property in Britain today.

Meanwhile, overall low property stock levels remain a key issue in many parts of the country. The total number of homes available to buy was 30 per cent lower at the start of this month than at the same point from 2017 to 2019, it said.

This three-bedroom terrace in Norton, Stockton-On-Tees, is for sale for £135,000, via estate agents Michael Poole

This three-bedroom terrace in Norton, Stockton-On-Tees, is for sale for £135,000, via estate agents Michael Poole

In its latest data given exclusively to MailOnline Property this week, it found that most of the locations with high demand for family homes have strong commuter links.

This is due to their proximity to regional cities – as is the case for Knowsley (which is near Liverpool), Gedling (near to Nottingham), Selby (near York), Redcar (near to Middlesbrough), and Bromsgrove (near Birmingham city centre) – or due to their connectivity through motorways or railway links, which is the case for Northampton, Monmouthshire and Sedgemoor.

Rural locations have also seen a large uptick in demand for three-bedroom homes and feature in the list. They include Monmouthshire, Northumberland, Breckland and Sedgemoor.

Hull, Barnsley, Knowsley, and Havering also feature on the list. These are more affordable locations where the value of a three-bedroom home is up to 20 per cent below the regional average.

This three-bedroom semi-detached house Claregate, Northampton is for sale for £245,000, via estate agents Your Move

This three-bedroom semi-detached house Claregate, Northampton is for sale for £245,000, via estate agents Your Move

Gráinne Gilmore, of Zoopla. said: ‘The “search for space” among homeowners in the wake of several lockdowns has made family houses highly desirable in the market.

‘These houses usually have a garden and can offer an extra bedroom which can be used as a home office.

‘The demand for this type of home means that supply is becoming more constrained, especially in areas within the wider commuter zone of larger cities and more rural areas.’

Source link

Current

Maurice Investments sell London office building for €30.3m (GB)

Voice Of EU

Published

on

Allsop, acting jointly alongside Anton Page, has completed the sale of the freehold of a Grade A workspace in Aldgate, central London, on behalf of Maurice Investments for €30.3m (£26m). Acquired by Meadow Partners, the price is equivalent to approximately €1120 (£960) per ft² and a net initial yield of 5%.

 

Wool + Tailor, 10-12 Alie Street E1, comprises 27,158ft² of Grade A office and ancillary accommodation over nine floors. It is within a three-minute walk of Aldgate station and a 15-minute walk of six further train and underground stations, including Whitechapel which is on the newly opened Elizabeth line, and is multi-let to five tenants. Maurice Investments had initially acquired the building in an off-market deal advised by Allsop, which also went on to conclude a successful leasing campaign alongside Anton Page.

 

Wool + Tailor was redeveloped in 2019 to include two additional floors and a new façade, with BREEAM “very good” and EPC A and B ratings. It features an eco-friendly biodiverse roof, cycle racks to accommodate up to 36 bikes, and a WiredScore Gold certification with fibre optic internet. Wool + Tailor further benefits from outstanding natural light throughout, which is enhanced by floor-to-ceiling heights of up to 3.3 metres, and a 7th floor communal business lounge with dual aspect terraces offering panoramic views of the City and beyond.

 

Matthew Millman, Partner at Allsop, said: “The sale of Wool + Tailor concludes a highly successful business plan for our client where we advised on the off-market acquisition, letting, then disposal of what has become one of the finest buildings in Aldgate. Wool + Tailor satisfies the requirements of the modern investor and occupier for ‘best in class’ office space with strong ESG credentials, excellent connectivity and plentiful nearby cafes, bars and restaurants.”

Source link

Continue Reading

Current

AnaCap secures €59m loan for Paris office deal (FR)

Voice Of EU

Published

on

Tristan Capital Partners’ TIPS One “Income Plus” Real Estate Debt Fund has provided senior debt financing to funds advised by AnaCap Financial Partners, to support the €59.25m acquisition of South Station, a freehold office asset located in Massy, in the second ring of Paris. South Station is a high-quality property ideally located in Massy – the largest economic centre in the Southern Paris area – and is adjacent to the town’s main transport stations (RER and TGV). The asset is one of the most attractive buildings in the submarket offering modern A-grade office space with excellent amenities.

 

The sale and partial leaseback acquisition will see the vendor CGG, a geophysics specialist, remain as the majority tenant. Pramena Investment will act as the asset manager for the property.

 

Ashil Sodha, Director, Debt Investment at Tristan Capital Partners, said: “As TIPS One continues to diversify, we are pleased to have closed our first loan in France. We are focused on lending on high-quality assets with the right ESG characteristics and we believe this loan exemplifies this strategy well. We look forward to working alongside AnaCap and Pramena and supporting them in optimising their strategy for this asset.”

Source link

Continue Reading

Current

Barratt and David Wilson invest €45.5m in UK resi market

Voice Of EU

Published

on

Harworth Group plc has sold two residential land parcel at its Waverley and Thoresby Vale developments to Barratt and David Wilson Homes, for a total consideration of €45.5m (£39m).

 

At Waverley in South Yorkshire, Harworth has competed a €33.8 (£29m) land sale which will see the delivery of approximately 450 homes, of which over 30% will be affordable. This represents Harworth’s largest-ever serviced residential land sale by number of plots. The new homes will represent Barratt and David Wilson Homes’ fifth phase at the site and will be situated adjacent to both Highwall Park and the Waverley Lake, benefitting from unique water frontage in an area of the development known as Waverley Waterfront. Construction will follow a bespoke design code, devised in partnership between Harworth and Barratt and David Wilson Homes, that complements the existing Waverley development while maximising the amenity value of the area’s waterfront location. The development will include a pedestrianised promenade, further enhancing the site’s placemaking and connectivity.

 

At Thoresby Vale in Nottinghamshire, Harworth has exchanged on the sale of serviced land capable of delivering 174 homes, for €11.6m (£10m). This represents the second phase of the Thoresby Vale development, following the sale of two land parcels at the site to Harron Homes and Barratt and David Wilson Homes in 2019 and 2020 respectively. Alongside the new homes, Barratt and David Wilson Homes will provide a new surface water attenuation pond and a multi-use path and associated landscaping, which will enhance connectivity and link to the site’s planned primary school and local centre, for which site preparation works are currently underway. The sales conclude an active first half for Harworth’s residential developments, during which over 100% of its budgeted residential land sales for the year were completed, exchanged or under offer, and it also launched its first single-family Build to Rent portfolio.

 

Andrew Blackshaw, Chief Operating Officer at Harworth, commented: “Barratt and David Wilson Homes is a trusted and valued partner to Harworth, and we are pleased to be developing our relationship with these two significant land sales. Harworth is particularly well-placed in volatile markets as our serviced land provides housebuilders with a product which is de-risked and ready to build on from day one. The acceleration of both our Waverley and Thoresby Vale sites will see Harworth stepping through its strategy to take advantage of the placemaking and levelling up that these schemes ultimately bring to these communities. In addition, these sales will enhance the maturation of these socially diverse neighbourhoods when delivered alongside our recently launched single family Build to Rent product, Project Spur.”

 

Ed Catchpole, Joint Regional Director for Yorkshire & Central at Harworth, added: “Barratt and David Wilson Homes has a proven track record of high-quality housing delivery at Harworth sites, and these transactions will help to further accelerate the build-out and placemaking at Waverley and Thoresby Vale. Both sites are also set to benefit from additional investment which will see the creation of new Build to Rent homes and local amenities.”

 

Mark Cotes, Managing Director at Barratt and David Wilson Homes North Midlands, said: “We’re thrilled to have secured the land for an extension to our Thoresby Vale development and will look forward to another opportunity to meet the growing demand for housing in Nottinghamshire. Our growing community in Edwinstowe will continue to provide new jobs for local people and we’ll be making further ecological and financial investments as the development progresses.”

Source link

Continue Reading

Trending

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates 
directly on your inbox.

You have Successfully Subscribed!