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Britain’s ten hotspot villages where house prices have soared

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Britain’s property hotspot villages have been revealed and top-of-the-pile Malborough, near Salcombe in Devon, has seen prices almost double.

Lockdown has seen a surprise property boom – marked by deep-pocketed buyers escaping to the country – driving prices in some popular villages up substantially.

The top 10 villages listed by estate agent Savills have all seen average property sale prices rise more than 50 per cent, as demand outweighed supply in locations where homes rarely come up for sale.    

The list of top 10 villages includes Malborough, in Devon’s South Hams, Bisley-with-Lypiatt, Blockley and Shipton-Under-Wychwood, which all benefited from the Cotswold effect, and Brasted, near Kent commuter hotspot Sevenoaks. 

Do you live near one of the villages in Britain where prices have soared as revealed by estate agents Savills? These figures show how much average sale prices rose in the year to November 2020

Do you live near one of the villages in Britain where prices have soared as revealed by estate agents Savills? These figures show how much average sale prices rose in the year to November 2020

The data compiled by Savills exclusively for MailOnline looked at parishes in England and Wales with the biggest increases in the average price of homes sold. 

It should be noted, however, that as transactions within such limited areas will be low, average local price gains can be much greater than in a broad national index and individual expensive property sales can skew the figures.

While the data analysed parishes – defined as towns and villages – the list only ended up featuring villages. 

This one-bed end of terrace house in Malborough, Devon, is for sale for £300,000, via estate agents Luscombe Maye

This one-bed end of terrace house in Malborough, Devon, is for sale for £300,000, via estate agents Luscombe Maye

This may reflect the trend among buyers for more quiet outdoor spaces and greenery during the pandemic as people have faced repeated lockdowns.

Savills was keen to highlight that the small nature of parishes means that sale numbers are limited – something that has a disproportionate effect on the price increases.

The estate agent explained how that the impressive price increases during the past year did not equate to price growth – and that, rather, they show what has been seen across country markets.

This has been a search for space, with many families upsizing and a search for greenery being a top priority for many buyers.

This three-bed detached house in Bisley, Stroud, has been on the market with an asking price of £675,000 via Murrays estate agents

This three-bed detached house in Bisley, Stroud, has been on the market with an asking price of £675,000 via Murrays estate agents

PARISHES WITH THE BIGGEST PRICE RISES FROM NOV 2019 TO NOV  2020
Parish Local Authority Average second hand sale price, 12 months to Nov-20 No of second hand sales, 12 months to Nov-20 Average second hand sale price, 12 months to Nov-19 No of second hand sales, 12 months to Nov-19 1 year change in average second hand sale price
Malborough South Hams £450,275 26 £234,366 29 92.10%
Bisley-with-Lypiatt Stroud £792,500 23 £462,163 30 71.50%
Brasted Sevenoaks £1,108,002 23 £697,872 21 58.80%
Shipton-under-Wychwood West Oxfordshire £753,543 23 £474,942 26 58.70%
Blockley Cotswold £654,530 35 £421,250 37 55.40%
Marcham Vale of White Horse £529,748 29 £348,885 26 51.80%
Watton-at-Stone East Hertfordshire £546,544 21 £360,247 21 51.70%
Thakeham Horsham £741,596 26 £489,708 24 51.40%
Wanborough Swindon £560,965 24 £371,500 22 51.00%
Boldre New Forest £1,086,900 20 £720,998 25 50.70%
Source: Savills           
This three-bed cottage in Brasted, Kent, is for sale for £415,000, via estate agents James Millard

This three-bed cottage in Brasted, Kent, is for sale for £415,000, via estate agents James Millard

This three-bed in Shipton-Under-Wychwood, Oxfordshire, is on the market for £520,000, via estate agents Thomas Merrifield

This three-bed in Shipton-Under-Wychwood, Oxfordshire, is on the market for £520,000, via estate agents Thomas Merrifield 

The list of villages with the biggest increases in the average price of homes sold include Malborough, in South Hams, which has seen a rise of 92 per cent.

The village is near Salcombe and is popular among tourists, with holiday homes located throughout the area.

The average price of a property in Devon’s Malborough was £234,366 in November 2019.

Fast forward 12 months to November last year and the average value of a home in the village has risen sharply by 92.1 per cent, to £450,275. 

It is followed by Bisley-with-Lypiatt, in Stroud, Gloucestshire, where the average price of a property has risen from £462,163 to £792,500 during the same 12 months, up 71.5 per cent.

In third position is Brasted, in Kent, with values rising 58.8 per cent, from £697,872 to £1,108,002 in a year. 

Also in the top 10 are Blockley, in the Cotswolds, Wanborough, in Wiltshire, and Boldre, in the New Forest, where the average price of homes sold have risen 55.4 per cent, 51 per cent, and 50.7 per cent, respectively.  

The average price of a property in Britain has risen 2.55 per cent during the past year, or by £7, 600, to £305,397, according to property website Zoopla.

This four-bed detached house in Marcham, Oxfordshire, is for sale for £625,000, via Hodsons estate agents

This four-bed detached house in Marcham, Oxfordshire, is for sale for £625,000, via Hodsons estate agents

This three-bed detached house in Watton-at-Stone, Hertfordshire, is being sold for £950,000, via estate agents Fine & Country

This three-bed detached house in Watton-at-Stone, Hertfordshire, is being sold for £950,000, via estate agents Fine & Country

This three-bed house in Thakeham, West Sussex, is for sale for £725,000,  via estate agents Cubitt & West

This three-bed house in Thakeham, West Sussex, is for sale for £725,000,  via estate agents Cubitt & West

If you can't find a property in a location from our list, there's always a neighbouring village: This five-bed house in Hampshire's Lyndhurst is for sale for £1.5million, via Savills . It is near Boldre, which is in our list of top 10.

If you can’t find a property in a location from our list, there’s always a neighbouring village: This five-bed house in Hampshire’s Lyndhurst is for sale for £1.5million, via Savills . It is near Boldre, which is in our list of top 10.

It follows a separate Savills survey that revealed 42 per cent of its 1,100 respondents claimed proximity to a park or open space was one of their top two priorities when looking for a new home a year ago.

This has now risen to 55 per cent, driving premiums for proximity to National Parks, areas of outstanding natural beauty and other large green open spaces.

Frances Clacy, of Savills, told MailOnline Property: ‘Over the past year, there’s been a significant increase in demand for property in villages as many have looked to upsize for more inside and outside space.

‘This is the opposite to the trend we’d seen over the period since the credit crunch when towns and cities tended to outperform, which means in many cases, villages now look good value in comparison and the ability to get more for your money has further increased buyers’ desire for village life.’ 

Savills used data covering November to November as this was the most up to date Land Registry figures it had access to at the point of doing the analysis. 

This four-bed house in Wanborough, Wiltshire, is being sold for £750,000, via estate agents Richard James

This four-bed house in Wanborough, Wiltshire, is being sold for £750,000, via estate agents Richard James

This six-bed house in Boldre, in the New Forest, is on the market for £1.75million, via estate agents Spencers

This six-bed house in Boldre, in the New Forest, is on the market for £1.75million, via estate agents Spencers

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

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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.”

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

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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.”

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

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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.”

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