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House price rises are slower among homes found near a Waitrose

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Is the ‘Waitrose effect’ waning? House prices are now rising SLOWER for homes found near the upmarket stores

  • Property values are rising at a greater rate further away from a Waitrose
  • Homes close to a Waitrose have seen house prices typically rise by 16%
  • Homes further away from a Waitrose have seen higher price growth of 23%










Living near to a Waitrose has long been considered desirable among homebuyers – and has even often been said to translate into higher house prices.

But times are changing and the so-called ‘Waitrose effect’ is no longer as prevalent as it once was, according to new research.

It found that property values are now rising at a greater rate further away from a Waitrose as people move away from towns and cities during the pandemic.

Homes further away from a Waitrose have seen price growth of 2%

Homes close to a Waitrose have seen house prices typically rise by 16 per cent, according to new research

It is the first time that this has happened, claimed property and data insight specialist TwentyCi.

Living near the the upmarket supermarket is still considerably more expensive.

The average price of a property that was within walking distance of half-a-mile of a Waitrose was £599,000 during the first three months of this year.

By contrast, the average price for homes that were between 10 and 20 miles away from their nearest Waitrose store was £243,000.

However, the rate of growth tells a different story. Homes further away from a Waitrose have seen price growth of 23 per cent since the first three months of 2019, while those close to Waitrose have seen values rise by only 16 per cent since the same quarter.

Colin Bradshaw, of TwentyCi, said: ‘The higher growth rate for houses situated further away from a Waitrose reflects the picture we have been seeing throughout the pandemic – that suggests that while proximity to a Waitrose store is attractive, the bigger move is away from busy town centres and cities, towards quieter green spaces.’

The pandemic has seen a race for space among buyers as people turn to rural and coastal areas following several lockdowns. 

Phillip Stevens, of estate agents Antony Roberts, said: ‘In reality, this trend is nothing to do with Waitrose specifically.

‘Waitrose supermarkets are generally located close to town centres which is also where train stations tend to be. Such central locations have historically been in greater demand than outlying areas.

‘However, this current trend probably reflects the fact that many more people are working from home and not commuting to offices to the same extent, so they are prioritising the greater internal and outside space offered by properties further from town centres.

‘It is likely this trend will evolve again as businesses encourage their employees to spend more time back at city-based offices, albeit this shifting lifestyle will have a long-lasting effect. It is likely that the town centre premium will not again be as significant as it used to be ‘pre-pandemic’.’

Property values are rising at a greater rate further away from a Waitrose, said property and data insight specialist TwentyCi

Property values are rising at a greater rate further away from a Waitrose, said property and data insight specialist TwentyCi

It follows separate research last month that suggested buyers prefer being near a Tesco supermarket.

The research by Rightmove asked 2,023 people viewing property online in August what kind of property their dream home would be, where it would be, and what they would want on their doorstep.

It resulted in identifying the nation’s dream home, which also included being by the sea and a pub, as well as having four bedrooms.

It now also includes an office, something that has become a priority for many workers during the pandemic.

The property website said that while Tesco pipped the usual desirable location indicator Waitrose to the post, preferences vary around the country.

While it found that the supermarket that most people would like to live close to is a Tesco, regional preferences revealed the South favouring Waitrose and Sainsbury’s winning in Yorkshire & the Humber. Rightmove pointed out that the results could be skewed as Tesco has more stores around the country.

A spokesman for Waitrose was approached for comment, but declined to respond.

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Amanda Holden puts her five bedroom Surrey home on the market for £5million

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Amanda Holden has put her Surrey mansion on the market for £5million after giving the luxurious property a showbiz makeover.

The Britain’s Got Talent judge, 51, is hoping to make a £1.5million profit having splashed out £3.5m on the five-bedroom home seven years ago.

The detached home boasts its own bar, huge 30ft by 27ft living room, stylish kitchen diner and a hot tub, where Amanda has posed for several bikini pictures she’s posted on her Instagram page.

Amanda Holden (pictured) has put one of her family homes on the market seven years after she bought it for £3.5million 

The star often posts pictures on Instagram of her beautiful home, which she has been given a fabulous renovation by the star

The star often posts pictures on Instagram of her beautiful home, which she has been given a fabulous renovation by the star

The huge open-plan living room also displays eye-catching artwork, including a giant painting of a female astronaut and a £30,000 drawing by the Connor Brothers of a sultry woman in a silver dress smoking a cigarette

 The huge open-plan living room also displays eye-catching artwork, including a giant painting of a female astronaut and a £30,000 drawing by the Connor Brothers of a sultry woman in a silver dress smoking a cigarette

A source said: ‘Amanda loves her family home and is really proud of the work she’s done on it.

‘She’s had a real hand in the makeover and has enjoyed seeing her ideas come to life.

‘It will be a sad day when she moves out but Amanda can take comfort in the number of memories she’s created there.’

Amanda lives in the property with record producer husband Chris Hughes and their two daughters Lexi, 16, and Hollie, 10. 

After buying the home in 2015, herself and Chris described the mansion as their ‘forever home’ and Amanda admitted ‘badgering’ its former owner to sell it to them for years until they finally relented.

The couple also own a holiday home in the Cotswolds, which they have been renovating over the past year.

Heart FM DJ Amanda has spoken of her love of interior design

Heart FM DJ Amanda has spoken of her love of interior design

Amanda recently added a glamorous outhouse to the Surrey property where another bar and the hot tub are located, set upon a large wooden decking area, close to a palm tree she planted in honour of Sir Captain Tom Moore.

The garden room also includes a log burner and comfy sofas, which Amanda says are perfect for a ‘sneaky afternoon disco nap.’

The Heart FM DJ renovated her bespoke Wilson Fink kitchen during lockdown, adding new cupboards and worktops, plus mirrored tiles on the walls.

She also has three disco ball-style lights, worth £850 each, hanging over her breakfast bar.

And her quirky taste is exemplified by pineapple-themed accessories dotted around the property, including dark navy and pineapple-print wallpaper and a £125 Graham and Green pineapple lamp.

The huge open-plan living room also displays eye-catching artwork, including a giant painting of a female astronaut and a £30,000 drawing by the Connor Brothers of a sultry woman in a silver dress smoking a cigarette under the caption ‘If you haven’t got anything nice to say come sit next to me.’

The mansion, which includes five bedrooms, three bathrooms and a study, is located behind two sets of private gates which lead onto a private road towards the house.

The driveway is big enough to hold several cars, which is convenient when Amanda hosts her showbiz parties.

Speaking about her home to House Beautiful, Amanda revealed it was important their Surrey property didn’t feel like ‘a show home’

She said: ‘We have two little girls and don’t want them feeling that they’re treading on eggshells.’

Amanda’s passion for interior design has led to her landing a new TV show with pal Alan Carr in which the pair be doing up a property in Italy.

The series will air on the BBC after she pitched the idea to the broadcaster.

Amanda admits herself and husband Chris have so many clothes, they turned a room into a walk-in wardrobe – inspired by her favourite TV show.

She says: ‘I’m a huge Sex And The City fan and Chris did a Mr Big and turned a whole room into my wardrobe.

‘Except, he didn’t leave a pair of Manolos at the end… but he arranged everything else. It’s something I’ve always dreamt of.

‘There’s a remote-controlled mirror that goes up and down and lights up – it’s amazing.’

The star has taken to Instagram and posted photos of her on dreamy summer evenings relaxing her garden which includes a hot tub set upon a large wooden decking area, close to a palm tree she planted in honour of Sir Captain Tom Moore

The star has taken to Instagram and posted photos of her on dreamy summer evenings relaxing her garden which includes a hot tub set upon a large wooden decking area, close to a palm tree she planted in honour of Sir Captain Tom Moore

Speaking about her efforts to lovingly renovate her home, house proud Amanda explained: 'I am house proud, but I've got two kids, two dogs and a cat, so it's a family house. Everything is washable and wipeable.'

Speaking about her efforts to lovingly renovate her home, house proud Amanda explained: ‘I am house proud, but I’ve got two kids, two dogs and a cat, so it’s a family house. Everything is washable and wipeable.’

The buyer lucky enough to be able to afford Amanda's sprawling home will be able to relax in this stunning stand alone bath

The buyer lucky enough to be able to afford Amanda’s sprawling home will be able to relax in this stunning stand alone bath

The en-suite bathroom is just off the master bedroom where Amanda has frequently posted enviable pictures on her socials

The en-suite bathroom is just off the master bedroom where Amanda has frequently posted enviable pictures on her socials

And the TV favourite also concedes she’s a clean freak, meaning every service on the ground floor can be wiped fresh.

Speaking to The Mirror, she explained: ‘I am house proud, but I’ve got two kids, two dogs and a cat, so it’s a family house. Everything is washable and wipeable.

‘It’s so open plan my littlest can cycle her bike around. ‘I don’t have carpets on the ground floor – and this is disgusting – but I was doing an interview a while ago and my puppy pooed on the floor during the chat.

‘But you don’t worry if you have wooden floors. Two words: wipe clean.’

Amanda, who designed a homeware range for shopping network QVC, is so into interior design she believes it could eventually become a day job – if she ever loses her looks.

She added: ‘I want this to be a legacy. When my face falls off and all the telly work dries up, this is actually where I want to be.’ 

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Russian TV host refuses to apologise for report on mock nuclear attack on Ireland

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The Russian state television host who broadcast a graphic of a simulated nuclear attack destroying Ireland has rejected a request from Taoiseach Micheál Martin to apologise for the programme.

In a follow-up report broadcast on state-owned television channel Russia-1 on Sunday night, television host Dmitry Kiselyov refused to apologise for the animated graphic broadcast earlier this month showing a nuclear strike off the Irish coast erasing Ireland and Britain from the map.

On Sunday’s programme, Kiselyov, a Kremlin supporter and state propagandist, described Ireland as “collateral damage” in a potential nuclear attack by Russia on the UK in any escalation of tensions between the countries over Russia’s war on Ukraine.

While distinguishing between Ireland, a neutral country, and the UK, Kiselyov repeated the assertion in the original report that “the whole British archipelago was basically a sinkable island” and that Russia has “every capability for such a nuclear retaliation”.

Referring to Irish political and public reaction to the original report broadcast at the start of this month, the Russian TV host said: “Ireland literally flew into a rage. Of course as a neutral country, it wasn’t nice for Ireland to become collateral damage in Britain’s clash with Russia.”

The news report, according to a translation tweeted by the BBC digital journalist Francis Scarr who monitors Russian state television, quoted the Taoiseach describing the Russian media report as “very sinister, intimidatory tactics by the Russian Federation”.

“I don’t think anyone’s going to be intimidated by it. I think it reflects a mindset that is worrying and not in touch with reality. I think there should be an apology forthcoming,” the Taoiseach was quoted as saying on the Russian programme against a photograph of Mr Martin.

Kiselyov said he completely agreed that an apology should be forthcoming but that it should come from British prime minister Boris Johnson, falsely claiming that the UK leader had made a “groundless threat to strike Russia” that had led to the original report and simulated attack.

“But we’re not intimidating anyone. Talking about capabilities has an anti-war modality. As they say, let’s not start. It will end badly. It’s better to live in peace,” said Kiselyov.

Fianna Fáil MEP for Ireland South Billy Kelleher said the Russian state-owned station still owed an apology to the Taoiseach and the Irish people over the report and mock attack.

He described the Russia presenter as “a mouthpiece” for Russian leader Vladimir Putin and that “anything said by him were effectively the official views from the Kremlin”.

“It shows how delusional their foreign policy is. It shows how removed they are from understanding what neutral countries are,” he said.

“It is indicative of Russia’s view of the world and how they believe they can obliterate a nation if they feel that is necessary to protect themselves even if there is no threat coming from Ireland.”

The reports on the Russian national broadcaster were “outrageous”, “completely unacceptable” and “indicative of the delusional state of the entire Putin regime,” he said.

“We simply cannot have what are official media outlets relaying huge threats to wipe Ireland off the face of the earth, a neutral country that has never once threatened Russia,” he said.

Labour Party foreign affairs spokesman Brendan Howlin TD described the host’s comments as “both delusional and menacing on a number of fronts”, including how the television station was conflating Ireland and Britain.

“Ireland is a neutral country but as the people of Ireland have very ably demonstrated in the last two months, we are not neutral in relation to the illegal and immoral assault on the people of Ukraine by Putin,” he said.

“We will not be intimidated by grandiose, farcical threats emanating from Russia. This is not a comic book; this is a painful reality for millions of Ukrainians.”



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Sirius Real Estate sells London business park for €18.8m (GB)

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Sirius Real Estate has agreed to the sale of an asset in Camberwell, London, for €18.8m (£16m), representing a NIY of circa 2%. The property formed part of the portfolio Sirius acquired in November 2021 with its purchase of BizSpace, the leading provider of regional light industrial, workshop, studio and out of town office units across the UK. The sale price represents a 94% premium to the valuation at the time of Sirius’ acquisition of BizSpace.

 

The multi-tenanted business park, which comprises approximately 34,700ft² of industrial and office space is 91% occupied following a series of asset management measures delivered through the BizSpace platform. The sale is expected to complete in July 2022.

 

Commenting on the transaction, Andrew Coombs, Chief Executive Officer of Sirius Real Estate, said: “This disposal is further proof of the latent value in the BizSpace portfolio we acquired late last year, the price being significantly ahead of last September’s valuation on which our purchase was based, and the attractive sale follows our recent announcement that we had since improved like-for-like rental income across the portfolio by 7.5%. The sale will allow us to invest in new opportunities for BizSpace in the UK as we continue to build our acquisition pipeline. Bringing together the Sirius and BizSpace platforms, with a strengthened management team at BizSpace, is already delivering strong results and operational synergies that will enhance our UK portfolio.”

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