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People who sold their homes last year pocketed £95kon average, said Hamptons estate agents

The average home seller who bought within the last 20 years sold their property for £95,360 more than they paid for it, new research has revealed.

The amount is an increase of £11,810 on 2020 when the average seller sold for a £83,500 gain.

A record 92 per cent of sellers in England and Wales sold their property last year for more than they bought it, having owned it for an average of 8.8 years, the annual research by estate agent Hamptons revealed.

The average seller made a gain of £95,360 in 2021, an increase of £11,810 on 2020, according to new research by Hamptons

The average seller made a gain of £95,360 in 2021, an increase of £11,810 on 2020, according to new research by Hamptons

AVERAGE SELLER GROSS PROFIT ACROSS ENGLAND AND WALES
Seller Gain
£
Seller Gain
%
Average years
of ownership
% of sellers
who made a gain
2015 £82,730 59% 8.8 86%
2016 £87,560 60% 8.8 89%
2017 £88,230 58% 8.8 90%
2018 £85,200 54% 8.9 90%
2019 £79,100 48% 8.9 89%
2020 £83,550 44% 8.8 90%
2021 £95,360 46% 8.8 92%
Source: Hamptons & Land Registry     

It follows Britain experiencing a red hot property market last year, during which average values increased by £24,500, according to Halifax.

The Hamptons research found a clear divide among the different types of property sold.

Those selling a detached house saw an average gross gain of £151,840 while those selling a flat saw their gains drop to £54,690 in 2021.

Flats have fallen out of favour during the pandemic as buyers seek more space due to several lockdowns. They have also been plagued with issues such as cladding repair bills and toxic ground rent clauses.

Flats also tend to be owned for a shorter time than detached homes, which are held for longer and accrue more gains.

One in five flat sellers last year made a loss on their property compared to 4 per cent of detached house sellers.

The research revealed that flat owners were the only sellers to see their gains fall between 2020 and 2021

The research revealed that flat owners were the only sellers to see their gains fall between 2020 and 2021

SELLER GROSS PROFIT ACROSS ENGLAND AND WALES BY PROPERTY TYPE
2019 2020 2021
Flat £57,500 £62,360 £54,690
Terraced £66,250 £70,550 £79,370
Semi-Detached £76,820 £81,330 £92,430
Detached £122,280 £132,240 £151,840
Source: Hamptons & Land Registry     

London sellers continued to make the biggest gains. But weaker price growth meant that 2021 marked the first time since Hamptons records began – in 2015 – that sellers in the capital made a gross gain of less than £200,000.

Hamptons suggests that people’s reassessment of their homes since the pandemic began has also led to sellers to move sooner.

It said that 64 per cent of sellers in 2021 sold their home within 10 years, compared to 59 per cent of sellers in 2019.

Aneisha Beveridge, of Hamptons said: ‘Soaring house price growth over the last 18 months has driven up the amount of money homeowners have made.

‘But while owners of larger properties have benefitted from buyers looking for more space, flat owners have seen weaker returns.

‘House price gains are primarily driven by two factors – the length of time people have owned their home and the point at which they bought in the housing cycle.

Most of these profits are never seen by sellers as they are reinvested back into the housing market when they make their next purchase

‘Typically, homeowners who have owned their properties for longer have seen more price growth and therefore made bigger profits.’

However, she added: ‘Although, most of these profits are never seen by sellers as they are reinvested back into the housing market when they make their next purchase.

‘House price gains last year may have been close to their peak. 2021’s average seller bought in 2012, and house prices across England and Wales have risen by 55 per cent since then.

‘However, 2022-2024 sellers are likely to have bought more recently, during a period of weaker price growth. We’ve already seen this in London, where seller gains have been falling since 2016.’

A record 92% per cent of sellers sold their property last year for more than they bought it

A record 92% per cent of sellers sold their property last year for more than they bought it

Hamptons said the rise in seller profit has been boosted by the sale of bigger homes. These have typically been owned for longer and benefitted from more price growth.

Owners of detached houses accounted for 23 per cent of sellers – and 37 per cent of profit – in England and Wales last year, up from 20 per cent in 2019.

And sellers of detached houses made the biggest gains at £151,840 or 53 per cent, having owned them the longest, typically 9.4 years.

The average gross profit on a detached home jumped from £132,240 in 2020 and £122,280 pre-pandemic in 2019.

Hamptons also said that flat owners are least likely to sell their home for more than they bought it for, partly because they tend to own for a shorter period at 8.2 years in 2021.

One in five – at 19 per cent – of flat sellers in 2021 made a loss on their property compared to 4 per cent of detached sellers.

Flat owners were the only sellers to see their gains fall between 2020 and 2021.

The average flat seller who sold in 2021 made a gross gain of £54,690 or 29 per cent, down from £62,360 in 2020.

Meanwhile, the average gain on a terrace property rose to £79,370, up £8,820, in 2021 and semi-detached sellers made £92,430, up £11,100 on average.  

HOW LONG SELLERS IN ENGLAND AND WALES OWNED THEIR HOME
2019 Seller 2020 Seller 2021 Seller
2.3% 1.7% 1.2%
1 4.1% 3.8% 3.1%
2 6.1% 6.0% 5.7%
3 7.6% 7.8% 7.7%
4 8.4% 8.8% 9.1%
5 8.0% 8.7% 9.1%
6 6.3% 7.7% 7.9%
7 4.8% 6.0% 7.3%
8 4.3% 4.4% 5.1%
9 3.9% 3.9% 4.1%
10 3.3% 3.6% 3.6%
11 3.7% 3.2% 3.5%
12 6.6% 3.1% 2.6%
13 6.2% 5.6% 3.5%
14 4.5% 5.5% 5.7%
15 4.3% 4.0% 5.0%
16 3.9% 3.8% 3.5%
17 3.6% 3.6% 3.8%
18 3.0% 3.3% 3.2%
19 2.5% 2.9% 3.2%
20 2.2% 2.2% 2.2%
21 0.3% 0.4% 0.1%
Source: Hamptons & Land Registry 

London sellers continued to make the biggest absolute gross profit. However, weaker house price growth over the last six years has meant that 2021 marked the first time since 2015 – when records began – that the average London seller made a gain of less than £200,000.

The average London seller sold their property in 2021 for £197,730 more than they paid for it an average of 9.1 years ago. It is down from £207,370 in 2020 and a peak of £243,050 in 2016.

While 91 per cent of London sellers made a gain on their property, 16 per cent of flat sellers in the capital sold at a loss, 54 per cent of whom bought in the capital during the last seven years.

Sellers in the North East were least likely to make a profit last year, according to Hamptons.

The average seller in the region made an average gross gain of £28,960, 22 per cent of whom sold their home for less than they bought it – on average 7.9 years ago.

Sellers in London’s most affordable borough, Barking and Dagenham, have seen the biggest percentage gain anywhere in the country.

The average 2021 seller in Barking and Dagenham sold their home for 76 per cent more than they paid for it.

It is followed by sellers in Waltham Forest at 72 per cent, Merthyr Tydfil in Wales at 71 per cent and Havering at 66 per cent.

Twelve of the local authorities where sellers banked the biggest percentage gains in 2021 were located in the capital.

AVERAGE SELLER GAIN BY LENGTH OF OWNERSHIP
Years owned 2015 sellers 2018 sellers 2021 sellers
16% 12% 19%
1 28% 26% 28%
2 25% 19% 21%
3 26% 22% 18%
4 27% 28% 19%
5 26% 37% 23%
6 30% 41% 31%
7 17% 42% 40%
8 13% 40% 51%
9 21% 45% 55%
10 27% 28% 55%
11 35% 24% 54%
12 55% 33% 61%
13 87% 41% 38%
14 122% 51% 39%
15 148% 75% 50%
16 183% 113% 58%
17 206% 153% 72%
18 230% 182% 100%
19 252% 219% 141%
20 252% 242% 180%
21 259% 254% 210%
Source: Hamptons & Land Registry 

The pandemic sparked a wave of early upsizers as people searched for more living and working space.

Some 64 per cent of sellers in 2021 sold their home within 10 years, compared to 59 per cent of sellers in 2019.

However, the proportion of sellers moving within between 11 and 14 years has fallen from 21 per cent in 2019 to 15 per cent in 2021.

Flat owners, in particular, have upsized sooner, with 65 per cent of 2021 flat sellers having moved within 10 years, up from 63 per cent of sellers in 2019.

Typically, the longer someone has owned a property, the bigger their gain.

The average 2021 seller who bought 20 years ago saw their property rise in value by 180 per cent, compared to 23 per cent for someone who bought five years ago.

They’re also less likely to make a loss, with less than 1 per cent of sellers who bought 20 years ago making a loss on the sale of their home in 2021 versus 9 per cent of buyers who bought five years ago.

While homeowners who have sold within five years of buying have made similar returns, seller gains have shrunk for those who have owned for a longer period of time.

For example, the average seller who owned for 15 years and sold in 2015 made an average gain of 148 per cent. However, a 2021 seller who bought 15 years ago made a 50 per cent gross gain. This is because house price growth across England and Wales has generally been weaker in recent years.

One in five flat sellers made a loss in 2021 compared to 4 per cent of those selling a detached home

One in five flat sellers made a loss in 2021 compared to 4 per cent of those selling a detached home

It follows a year that saw house price growth reach new records. They saw their biggest annual rise since the financial crisis last year.

The average price of a property increased by 9.8 per cent in 2021 to a new record high of £276,091, the largest percentage increase since 2007, data from Halifax shows.

In cash terms, prices increased by £24,500 in the year to December, which is the largest annual cash rise since 2003, the mortgage lender said.

However, a ‘considerable’ slowdown may be looming due to a big squeeze on household finances and possible further interest rate hikes. 

Russell Galley, of Halifax, said: ‘Looking ahead, the prospect that interest rates may rise further this year to tackle rising inflation and increasing pressures on household budgets suggest house price growth will slow considerably.’

‘Our expectation is that house prices will maintain their current strong levels, but that growth relative to the last two years will be at a slower pace.’

AVERAGE PROFITS AMONG HOMESELLERS IN EACH LOCAL AUTHORITY
Local Authority Region Average Profit % Average Profit £
BARKING AND DAGENHAM London 76% £123,526
WALTHAM FOREST London 72% £184,278
MERTHYR TYDFIL Wales 71% £54,357
HAVERING London 66% £151,371
CITY OF WESTMINSTER London 65% £411,415
BEXLEY London 65% £143,850
THANET South East England 65% £112,372
REDBRIDGE London 64% £171,215
SLOUGH South East England 63% £125,795
TRAFFORD North West England 63% £131,953
THURROCK East of England 63% £110,101
LEICESTER East Midlands 63% £75,810
HARINGEY London 63% £218,095
SOUTHWARK London 62% £213,312
HARROW London 62% £184,312
ENFIELD London 62% £162,206
GREENWICH London 62% £153,950
THREE RIVERS East of England 62% £194,920
HERTSMERE East of England 62% £212,430
HILLINGDON London 60% £158,161
CANTERBURY South East England 60% £126,011
HASTINGS South East England 60% £97,941
SUTTON London 60% £148,638
HACKNEY London 59% £196,880
MERTON London 59% £232,139
ADUR South East England 59% £127,745
GRAVESHAM South East England 59% £111,571
OADBY AND WIGSTON East Midlands 59% £88,747
ROCHFORD East of England 59% £134,439
KENSINGTON AND CHELSEA London 58% £572,116
LEWISHAM London 58% £155,407
CITY OF BRISTOL South West England 58% £118,008
ST ALBANS East of England 58% £219,882
RHONDDA CYNON TAFF Wales 58% £45,630
SOUTHEND-ON-SEA East of England 58% £121,132
BRENTWOOD East of England 58% £193,409
CASTLE POINT East of England 58% £116,116
BARNET London 57% £214,158
EALING London 57% £198,091
BRENT London 57% £185,993
MALDON East of England 57% £124,564
DOVER South East England 57% £105,626
SALFORD North West England 57% £66,830
LUTON East of England 57% £88,316
BROMLEY London 56% £168,120
FOLKESTONE AND HYTHE South East England 56% £107,162
BRIGHTON AND HOVE South East England 56% £150,436
MANCHESTER North West England 56% £71,465
WATFORD East of England 56% £129,655
CAMBRIDGE East of England 56% £168,540
RICHMOND UPON THAMES London 56% £284,612
BURY North West England 56% £70,937
BLAENAU GWENT Wales 56% £37,787
BROXBOURNE East of England 56% £131,644
ROTHER South East England 56% £127,544
MEDWAY South East England 56% £92,091
NORTH NORFOLK East of England 56% £111,899
CAMDEN London 55% £336,028
OXFORD South East England 55% £181,434
OLDHAM North West England 55% £54,432
CRAWLEY South East England 55% £95,544
ISLE OF ANGLESEY Wales 55% £73,132
CROYDON London 55% £135,245
EPSOM AND EWELL South East England 55% £164,357
EPPING FOREST East of England 55% £184,958
SPELTHORNE South East England 54% £144,806
NEWHAM London 54% £110,306
BASILDON East of England 54% £115,158
TAMESIDE North West England 54% £55,788
STOCKPORT North West England 54% £95,227
KING’S LYNN AND WEST NORFOLK East of England 54% £89,130
STEVENAGE East of England 53% £99,579
ASHFORD South East England 53% £103,621
SEVENOAKS South East England 53% £166,642
KINGSTON UPON THAMES London 53% £188,766
HARLOW East of England 53% £94,975
HAMMERSMITH AND FULHAM London 53% £288,964
HOUNSLOW London 53% £162,585
BROXTOWE East Midlands 53% £76,815
ROSSENDALE North West England 53% £56,514
DACORUM East of England 52% £156,981
NORTH HERTFORDSHIRE East of England 52% £131,520
MOLE VALLEY South East England 52% £187,659
EAST CAMBRIDGESHIRE East of England 52% £100,469
WELWYN HATFIELD East of England 51% £121,125
ROCHDALE North West England 51% £51,865
CAERPHILLY Wales 51% £50,472
WORTHING South East England 51% £105,110
WELLINGBOROUGH East Midlands 51% £63,923
LEWES South East England 51% £122,385
COVENTRY West Midlands 51% £64,682
NEATH PORT TALBOT Wales 51% £42,474
WEST SUFFOLK East of England 51% £90,077
ELMBRIDGE South East England 51% £258,838
LAMBETH London 51% £181,822
CHELMSFORD East of England 51% £125,644
SWALE South East England 50% £90,726
NORTH SOMERSET South West England 50% £103,348
CITY OF NOTTINGHAM East Midlands 50% £57,363
CITY OF LONDON London 50% £216,157
EREWASH East Midlands 50% £64,227
BIRMINGHAM West Midlands 50% £73,021
GEDLING East Midlands 50% £76,557
SOUTH CAMBRIDGESHIRE East of England 50% £126,302
BROMSGROVE West Midlands 49% £105,676
EAST HERTFORDSHIRE East of England 49% £141,821
SOUTH GLOUCESTERSHIRE South West England 49% £95,006
TENDRING East of England 49% £82,397
MONMOUTHSHIRE Wales 49% £93,274
BRAINTREE East of England 49% £97,337
RUTLAND East Midlands 49% £99,415
EAST LINDSEY East Midlands 49% £59,409
ISLINGTON London 49% £215,510
THE VALE OF GLAMORGAN Wales 49% £84,359
NEW FOREST South East England 49% £136,581
WANDSWORTH London 48% £217,357
TUNBRIDGE WELLS South East England 48% £142,942
LIVERPOOL North West England 48% £46,575
BATH AND NORTH EAST SOMERSET South West England 48% £133,776
FOREST OF DEAN South West England 48% £89,428
EAST NORTHAMPTONSHIRE East Midlands 48% £82,495
CEREDIGION Wales 48% £60,111
TANDRIDGE South East England 48% £152,466
GWYNEDD Wales 48% £58,017
BROADLAND East of England 48% £89,530
STROUD South West England 48% £106,310
GUILDFORD South East England 48% £170,444
BLABY East Midlands 48% £74,843
REIGATE AND BANSTEAD South East England 48% £155,009
RUSHCLIFFE East Midlands 48% £106,797
CORNWALL South West England 48% £91,408
WEALDEN South East England 48% £127,835
SOUTH LAKELAND North West England 48% £89,493
EAST SUFFOLK East of England 48% £87,530
BOLSOVER East Midlands 47% £45,901
NORTHAMPTON East Midlands 47% £72,794
PEMBROKESHIRE Wales 47% £61,067
BABERGH East of England 47% £100,615
CHICHESTER South East England 47% £146,452
FENLAND East of England 47% £64,939
NORTH NORTHAMPTONSHIRE East Midlands 47% £71,895
HINCKLEY AND BOSWORTH East Midlands 47% £73,848
POWYS Wales 47% £62,545
MILTON KEYNES South East England 47% £83,953
BOLTON North West England 47% £49,721
WAVERLEY South East England 46% £173,315
NORTH WARWICKSHIRE West Midlands 46% £68,276
TOWER HAMLETS London 46% £136,161
NEWPORT Wales 46% £60,429
BUCKINGHAMSHIRE #N/A 46% £150,934
DERBYSHIRE DALES East Midlands 46% £91,774
MAIDSTONE South East England 46% £102,500
MANSFIELD East Midlands 46% £45,588
WOLVERHAMPTON West Midlands 46% £54,395
SHEFFIELD Yorkshire and the Humber 46% £65,160
GREAT YARMOUTH East of England 46% £61,770
TONBRIDGE AND MALLING South East England 46% £121,660
CENTRAL BEDFORDSHIRE East of England 46% £97,838
CHESTERFIELD East Midlands 46% £51,580
ASHFIELD East Midlands 46% £51,621
CONWY Wales 46% £58,747
HAVANT South East England 46% £96,803
CARMARTHENSHIRE Wales 46% £48,976
RUNNYMEDE South East England 46% £148,506
DARTFORD South East England 46% £94,257
SANDWELL West Midlands 46% £49,754
TORFAEN Wales 46% £49,585
LICHFIELD West Midlands 45% £76,266
WINDSOR AND MAIDENHEAD South East England 45% £172,303
SOLIHULL West Midlands 45% £106,236
DUDLEY West Midlands 45% £61,795
CHARNWOOD East Midlands 45% £77,606
WALSALL West Midlands 45% £61,143
HIGH PEAK East Midlands 45% £72,610
BRECKLAND East of England 45% £76,907
ARUN South East England 45% £109,738
MENDIP South West England 45% £98,047
SOUTH HOLLAND East Midlands 45% £64,837
NORWICH East of England 45% £73,317
HARBOROUGH East Midlands 45% £100,868
WINCHESTER South East England 45% £142,828
WEST LINDSEY East Midlands 45% £60,382
MALVERN HILLS West Midlands 45% £100,987
DENBIGHSHIRE Wales 45% £53,241
HUNTINGDONSHIRE East of England 44% £87,028
SOUTH NORFOLK East of England 44% £87,827
SOUTH HAMS South West England 44% £120,690
FAREHAM South East England 44% £99,363
BRIDGEND Wales 44% £50,495
SWANSEA Wales 44% £53,338
STAFFORDSHIRE MOORLANDS West Midlands 44% £62,443
WIRRAL North West England 44% £61,000
YORK Yorkshire and the Humber 44% £86,200
SOUTH STAFFORDSHIRE West Midlands 44% £54,793
CHELTENHAM South West England 44% £107,121
MID SUFFOLK East of England 44% £89,496
RUGBY West Midlands 44% £75,623
PORTSMOUTH South East England 43% £71,994
MELTON East Midlands 43% £82,327
AMBER VALLEY East Midlands 43% £62,979
NORTH EAST DERBYSHIRE East Midlands 43% £63,676
ISLE OF WIGHT South East England 43% £83,346
WOKING South East England 43% £140,051
IPSWICH East of England 43% £63,510
CITY OF PETERBOROUGH East of England 43% £61,530
EASTBOURNE South East England 43% £85,156
NORTH LINCOLNSHIRE Yorkshire and the Humber 43% £46,951
NORTH KESTEVEN East Midlands 43% £65,914
CORBY East Midlands 43% £55,638
EXETER South West England 43% £86,394
SOUTH KESTEVEN East Midlands 43% £75,008
HART South East England 43% £133,740
SURREY HEATH South East England 43% £136,706
WEST NORTHAMPTONSHIRE East Midlands 43% £78,544
EAST HAMPSHIRE South East England 43% £128,849
CRAVEN Yorkshire and the Humber 43% £62,756
TAMWORTH West Midlands 43% £58,486
MID SUSSEX South East England 43% £116,629
HORSHAM South East England 42% £120,004
WARRINGTON North West England 42% £69,707
RUSHMOOR South East England 42% £89,048
SOUTH OXFORDSHIRE South East England 42% £153,177
COLCHESTER East of England 42% £86,034
PENDLE North West England 42% £35,489
UTTLESFORD East of England 42% £126,701
BEDFORD East of England 42% £90,487
REDDITCH West Midlands 42% £68,075
SEDGEMOOR South West England 42% £73,772
CARDIFF Wales 42% £70,268
SEFTON North West England 42% £59,173
LEEDS Yorkshire and the Humber 42% £65,030
READING South East England 42% £96,796
BARROW-IN-FURNESS North West England 42% £37,471
LINCOLN East Midlands 42% £49,836
NORTH DEVON South West England 42% £83,290
RYEDALE Yorkshire and the Humber 41% £83,386
BOURNEMOUTH, CHRISTCHURCH AND POOLE South West England 41% £109,852
WEST BERKSHIRE South East England 41% £117,371
BASSETLAW East Midlands 41% £52,094
TEIGNBRIDGE South West England 41% £85,097
WOKINGHAM South East England 41% £122,515
GOSPORT South East England 41% £66,183
WEST LANCASHIRE North West England 41% £62,736
NEWARK AND SHERWOOD East Midlands 41% £67,190
WIGAN North West England 41% £40,854
WYRE FOREST West Midlands 41% £65,176
CANNOCK CHASE West Midlands 41% £52,534
CALDERDALE Yorkshire and the Humber 41% £45,174
WARWICK West Midlands 41% £95,970
COTSWOLD South West England 41% £120,403
BRACKNELL FOREST South East England 40% £107,943
SOUTH NORTHAMPTONSHIRE East Midlands 40% £95,433
NUNEATON AND BEDWORTH West Midlands 40% £52,427
DORSET South West England 40% £99,867
NORTH WEST LEICESTERSHIRE East Midlands 40% £61,203
KIRKLEES Yorkshire and the Humber 40% £48,320
STOKE-ON-TRENT West Midlands 40% £33,129
SCARBOROUGH Yorkshire and the Humber 40% £52,011
GLOUCESTER South West England 40% £59,267
DONCASTER Yorkshire and the Humber 39% £39,449
TORRIDGE South West England 39% £75,889
EAST DEVON South West England 39% £93,603
SOUTH SOMERSET South West England 39% £73,816
HARROGATE Yorkshire and the Humber 39% £99,406
CITY OF KINGSTON UPON HULL Yorkshire and the Humber 39% £26,628
CHESHIRE EAST North West England 39% £81,563
WILTSHIRE South West England 39% £82,554
HEREFORDSHIRE West Midlands 39% £78,079
WYCHAVON West Midlands 39% £87,767
BURNLEY North West England 39% £24,293
TORBAY South West England 39% £68,773
CHESHIRE WEST AND CHESTER North West England 39% £70,218
KNOWSLEY North West England 39% £37,390
ROTHERHAM Yorkshire and the Humber 38% £43,436
TEWKESBURY South West England 38% £83,593
CITY OF DERBY East Midlands 38% £49,254
NEWCASTLE-UNDER-LYME West Midlands 38% £46,329
FLINTSHIRE Wales 38% £44,878
SHROPSHIRE West Midlands 38% £71,060
BLACKBURN WITH DARWEN North West England 38% £24,027
BRADFORD Yorkshire and the Humber 38% £40,515
EASTLEIGH South East England 38% £87,402
TEST VALLEY South East England 38% £99,916
EAST RIDING OF YORKSHIRE Yorkshire and the Humber 38% £54,887
BARNSLEY Yorkshire and the Humber 38% £37,706
BASINGSTOKE AND DEANE South East England 38% £95,043
BOSTON East Midlands 37% £47,439
KETTERING East Midlands 37% £64,673
MID DEVON South West England 37% £73,762
ST HELENS North West England 37% £38,916
WREXHAM Wales 37% £46,844
NORTH EAST LINCOLNSHIRE Yorkshire and the Humber 37% £34,399
WEST DEVON South West England 37% £79,572
STRATFORD-ON-AVON West Midlands 37% £101,481
STAFFORD West Midlands 37% £60,601
WAKEFIELD Yorkshire and the Humber 37% £41,782
EAST STAFFORDSHIRE West Midlands 37% £57,741
LANCASTER North West England 36% £44,101
CHERWELL South East England 36% £84,465
WEST OXFORDSHIRE South East England 36% £102,970
HALTON North West England 36% £43,270
SELBY Yorkshire and the Humber 36% £58,308
SOMERSET WEST AND TAUNTON South West England 36% £73,755
HYNDBURN North West England 36% £22,859
SOUTHAMPTON South East England 36% £46,093
DAVENTRY East Midlands 36% £87,603
CITY OF PLYMOUTH South West England 36% £49,943
RICHMONDSHIRE Yorkshire and the Humber 35% £60,159
SOUTH DERBYSHIRE East Midlands 35% £53,192
WORCESTER West Midlands 34% £59,382
SWINDON South West England 34% £57,843
CHORLEY North West England 34% £48,460
COPELAND North West England 34% £30,306
VALE OF WHITE HORSE South East England 33% £96,534
ALLERDALE North West England 33% £42,034
WREKIN West Midlands 32% £46,334
RIBBLE VALLEY North West England 32% £55,300
NORTH TYNESIDE North East England 32% £41,883
WYRE North West England 32% £40,716
HAMBLETON Yorkshire and the Humber 32% £67,944
FYLDE North West England 31% £54,147
EDEN North West England 31% £51,854
NORTHUMBERLAND North East England 31% £49,278
SOUTH RIBBLE North West England 30% £40,737
PRESTON North West England 29% £28,236
REDCAR AND CLEVELAND North East England 28% £24,717
HARTLEPOOL North East England 28% £21,339
BLACKPOOL North West England 28% £23,142
CARLISLE North West England 27% £30,344
COUNTY DURHAM North East England 26% £22,129
NEWCASTLE UPON TYNE North East England 24% £39,463
STOCKTON-ON-TEES North East England 24% £27,402
GATESHEAD North East England 24% £28,569
MIDDLESBROUGH North East England 24% £16,654
SOUTH TYNESIDE North East England 22% £28,214
SUNDERLAND North East England 22% £22,110
DARLINGTON North East England 21% £23,248
Source: Hamptons       

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Air-b-n-banned! Two-bed cottage with no electricity along Dorset’s crumbling Jurassic Coast goes to auction at £225,000 – but is barred from being rented out as holiday home due to 121-year-old covenant

A two-bedroom cottage with no electricity along Dorset’s crumbling Jurassic Coast is on sale for £225,000 – but is barred from being rented as a holiday home due to a 121-year-old covenant.  

The former coastguard cottage is in a row of seven properties perched on a 500ft high chalk headland on Britain’s World Heritage Jurassic Coast with stunning sea views near Weymouth, in Dorset.

The mid-terrace home is completely off grid with no mains services and can only be accessed down a muddy farm track in a 4×4. 

Up for auction at just £225,000, estate agents have warned the property needs ‘everything done’, including water and electricity. 

Adam Taylor, from Symonds & Sampson estate agents, said: ‘It needs everything done – there is no form of electric, it’s all candle light. There’s no mains services at all, it’s completely off grid. 

‘Someone would need to put in solar, water, a new septic tank, a new kitchen and bathroom. 

An off-grid clifftop cottage (pictured second to the left) has gone up for sale for £225,000 but the new owners will be banned from renting it out as an AirBnb due to a 121-year-old covenant

An off-grid clifftop cottage (pictured second to the left) has gone up for sale for £225,000 but the new owners will be banned from renting it out as an AirBnb due to a 121-year-old covenant

The former coastguard cottage is in a row of seven properties perched on a 500ft high chalk headland near Weymouth, in Dorset

The former coastguard cottage is in a row of seven properties perched on a 500ft high chalk headland near Weymouth, in Dorset

The mid-terrace home is completely off grid with no mains services

The mid-terrace home is completely off grid with no mains services 

The cottage is one of seven that was built in the early 1900s and has just 761 sq ft of accommodation

 The cottage is one of seven that was built in the early 1900s and has just 761 sq ft of accommodation

‘There’s plenty of options there for people. It’s one where people are either going to love it or hate it.’ 

A number of large rockfalls have taken place along the Jurassic Coast in recent years as the English south east coastline is slowly being eroded away by weather. 

Meanwhile, while the home would make an ideal weekend bolthole, it cannot be used as a holiday let. 

A covenant – a legal obligation in the title deeds that new owners must abide by – was made on the coastguard property in 1902 by the Weld estate, a major Dorset landowner, who is thought to have not wanted any strangers on their land. 

The property, which will be sold at auction with a guide price of £225,000, requires renovation throughout and is also in need of a new septic tank. Gas is provided by the bottle. 

The covenant the property can only be used ‘for the purpose of a private residence’ as well as laying out rules about making alterations and not allowing businesses to be set up at the site. 

The legal obligation is something holiday hotspots in Devon and Cornwall would undoubtedly like to see more of, but such covenants are hardly created anymore as they would affect property values and put buyers off.

Estate agents Symonds & Sampson have described the cottage as ‘truly unique’.

The seven cottages were built in the early 1900s and at one point would have housed about 40 people between the coastguards and their families.

It has a cosy sitting/dining room and separate kitchen downstairs

It has a cosy sitting/dining room and separate kitchen downstairs 

The living room features an in built fireplace and 1900s inspired decor

The living room features an in built fireplace and 1900s inspired decor

The current owner has had number 2 as a second home for 40 years and it has just 761 sq ft of accommodation with a sitting/dining room and separate kitchen downstairs and two bedrooms and a shower room upstairs.

Outside is a walled garden separating the properties from the coast path, parking and a small outbuilding.

It is located along a stretch of the Jurassic Coast, one mile to the Church of St Catherine-by-the-Sea at Holworth and a little further to the hamlet of Ringstead, with Weymouth seven miles away.

The houses have sweeping views along the coast to Weymouth and Portland as well as Durdle Door, Lulworth Cove and St Aldhelm’s Head.

Just 100 yards from the cottage is a zig-zag Smuggler’s Path, which snakes down to the beach, and at the top of the cliff is a Second World War pillbox.

Much of the surrounding land is owned by the National Trust and the only vehicle access is through a locked gate from the National Trust car park, down 1.5 miles of farm track.

Mr Taylor said: ‘The cottage occupies a dramatic location, right on the edge of White Nothe cliff. 

‘The views out to sea and along the coast to Weymouth and Portland are simply breathtaking.

‘But the cottage is set slightly lower than the cliff to protect it from the wind so you don’t have views from the ground floor, the only view is from the first floor window.

‘The property requires renovation throughout but it offers something rare in today’s hectic world – a unique, peaceful and remote position on the Jurassic coast path within an area abundant in wildlife combined with the facilities for self-sufficiency.

The houses have sweeping views along the coast to Weymouth and Portland as well as Durdle Door, Lulworth Cove and St Aldhelm's Head

The houses have sweeping views along the coast to Weymouth and Portland as well as Durdle Door, Lulworth Cove and St Aldhelm’s Head

Just 100 yards from the cottage is a zig-zag Smuggler's Path, which snakes down to the beach, and at the top of the cliff is a Second World War pillbox

Just 100 yards from the cottage is a zig-zag Smuggler’s Path, which snakes down to the beach, and at the top of the cliff is a Second World War pillbox

Outside is a walled garden separating the properties from the coast path, parking and a small outbuilding

Outside is a walled garden separating the properties from the coast path, parking and a small outbuilding

The cottage can only be accessed down a muddy farm track in a 4x4

 The cottage can only be accessed down a muddy farm track in a 4×4

‘I think it will be a second home, a bolthole retreat. It cannot be used for a holiday let due to the covenant. 

‘I think restrictive covenants are good in some cases – if you own a beautiful cottage on a cliff top you would not want people you don’t know turning up and being noisy.

‘But in villages I think it would mean you could lose quite a lot of value.

‘You could live there full time if you wanted but your access is from the National Trust car park at Ringstead, 1.5 miles through farmland and National Trust land and the only real way to get through is via four-wheel drive.

‘It’s a special place.’

Due to the remote location and difficulties of access, the agents are only holding two days of viewings on September 5 and 6.

The cottage will be sold at auction in Sherborne, Dorset, on September 21, with a guide price of £225,000.

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Now that’s above par! Property-hunters can live at the ‘Home of Golf’ after flat overlooking the 18th hole at St Andrew’s went on sale for £2.3million

Property-hunters have the chance to live at the ‘Home of Golf’ after a flat overlooking the 18th hole at St Andrew’s went on sale for £2.3 million.

The plush pad is located in the 128-year-old Hamilton Grand apartment building, a luxurious Victorian development at the iconic Scottish golf course in Fife.

The 1,000 sq ft property features two impressive balconies which have stunning views of the 18th green at the one of the world’s most famous courses.

Its new owner will have access to a butler service, private chefs and full housekeeping services and can also benefit from a membership to Kohler Waters Spa.

The Hamilton Grand building underwent extensive restoration in 2010 and has proven a magnet for ultra-rich golf fans from across the globe since then.

Property-hunters have the chance to live at the 'Home of Golf' after a flat overlooking the 18th hole at St Andrew's went on sale for £2.3 million

Property-hunters have the chance to live at the ‘Home of Golf’ after a flat overlooking the 18th hole at St Andrew’s went on sale for £2.3 million

The twin French doors offer the best view of the iconic course, giving the new homeowners a clear view of the 18th Green and fairway of the Old Course.

The twin French doors offer the best view of the iconic course, giving the new homeowners a clear view of the 18th Green and fairway of the Old Course.

It boasts lavishly decorated apartment with wooden floors and a Georgian styled fireplace, as well as a well-equipped kitchen

It boasts lavishly decorated apartment with wooden floors and a Georgian styled fireplace, as well as a well-equipped kitchen

Other flats in the 26 apartment building have fetched upwards of £4 million, but this dream home is listed for offers over £2.3 million - the equivalent of £2,212 per foot

Other flats in the 26 apartment building have fetched upwards of £4 million, but this dream home is listed for offers over £2.3 million – the equivalent of £2,212 per foot

Other flats in the 26 apartment building have fetched upwards of £4 million, but this dream home is listed for offers over £2.3 million – the equivalent of £2,212 per foot.

Property manager Jamie Macnab, from Savills estate agents handling the sale, said: ‘This is a dream property for any golfer.

‘It offers a grandstand view over the final green of the most famous golf course in the world.

‘No 16 Hamilton Grand was one of the first units to sell after the refurbishment and is one of the best units in the building.

‘It is central to the main elevation on the third floor. It has four arched windows and two balconies overlooking the 18th green of the world-famous Old Course.

‘The appeal of St Andrews and The Old Course is sometimes overlooked by UK buyers but attracts wealthy buyers from all over the world who love the game of golf.

‘Most people assume that all of the buyers are American but the residents of Hamilton Grand are from all over the world, including several different European countries.

‘This is a very rare opportunity to buy a piece of Scottish golfing heritage’

The two-bed home is apartment number 16 and sports a 24-hour manned butler’s desk located in a grand lobby.

It boasts lavishly decorated apartment with wooden floors and a Georgian styled fireplace, as well as a well-equipped kitchen.

Each bedroom has its own bathroom attached, with one sporting a luxury jacuzzi and a tiled shower.

The twin French doors offer the best view of the iconic course, giving the new homeowners a clear view of the 18th Green and fairway of the Old Course.

The two-bed home is apartment number 16 and sports a 24-hour manned butler's desk located in a grand lobby (pictured)

The two-bed home is apartment number 16 and sports a 24-hour manned butler’s desk located in a grand lobby (pictured)

The flat has four arched windows and two balconies overlooking the 18th green of the world-famous Old Course

The flat has four arched windows and two balconies overlooking the 18th green of the world-famous Old Course

Each bedroom has its own bathroom attached, with one sporting a luxury jacuzzi and a tiled shower

Each bedroom has its own bathroom attached, with one sporting a luxury jacuzzi and a tiled shower

The beautiful apartment has been described as 'a very rare opportunity to buy a piece of Scottish golfing heritage'

The beautiful apartment has been described as ‘a very rare opportunity to buy a piece of Scottish golfing heritage’

The well-equipped kitchen has one of the best views of the course, as it is placed beside one of the main balconies

The well-equipped kitchen has one of the best views of the course, as it is placed beside one of the main balconies 

The Old Course at St Andrews is widely considered the oldest golf course in the world after it was founded in 1552 and celebrated its 150th Open last year.

St Andrews Links run five annual golfing tournaments throughout the year, including the prestigious St Andrews Links Trophy.

Globally renowned for its ancient university, golfing heritage and scenic beach, St Andrews attracts more than half a million visitors each year.

The seaside destination is famed for its intricate and beautiful Scottish architecture, as well as its University founded in 1413.

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Hollywood Studios Reach Tentative Agreement With Screenwriters To End The Strike

The picket line of writers and actors outside Netflix offices in Los Angeles.

The picket line of writers and actors outside Netflix offices in Los Angeles.

A happy ending in Hollywood. The studios and the writers’ union have reached a tentative agreement to end the screenwriters’ strike that has brought the world of film and television in the United States to a halt for nearly five months.

After four days of negotiations, Hollywood studios and the Writers Guild of America (WGA) managed to set down the bases of a new collective agreement. The deal announced Sunday unblocks one of the longest labor conflicts in the industry, with the strike now at 146 days.

“We can say, with great pride, that this deal is exceptional, with meaningful gains and protections for writers in every sector of the membership” the WGA stated in a press release. The leadership of the screenwriters’ organization must ratify the pact on Tuesday by a vote. The studios must now focus on resolving the conflict with the actors’ union, which is still on strike, so that productions can resume operations.

The studios and the WGA resumed negotiations on Wednesday after months of tension and a failed attempt to reach an agreement in mid-August. This time, there was a greater sense of urgency from both sides, who were concerned that further disagreement could have stretched the strike to 2024.

The main executives of the four studios attended the meetings with this in mind to show their willingness to negotiate. The parties set the goal of drafting the new contract before the Yom Kippur holidays, which began Sunday afternoon.

The negotiations were attended by Bob Iger, from Disney; David Zaslav from Warner Bros. Discovery; Netflix’s Ted Sarandos and NBCUniversal’s Donna Langley. The studio heads were present for three days at the meetings, which were held at the offices of the Alliance of Motion Picture and Television Producers (AMPTP).

Over the weekend, the studios were able to finalize the remaining details of the deal with the WGA. California Governor Gavin Newsom was also involved to ensure that both sides remained at the negotiating table. The strike has cost the state about $3 billion, according to a conservative estimate by California State University Northridge.

SAG-AFTRA actors and Writers Guild of America (WGA) writers rally during their ongoing strike, in Los Angeles, California, U.S. September 13, 2023.

SAG-AFTRA actors and Writers Guild of America (WGA) writers rally during their ongoing strike, in Los Angeles, California, U.S.

In the press release to announce the tentative agreement, the WGA made it clear that the strike is not over yet: “No one is to return to work until specifically authorized to by the Guild. We are still on strike until then.” The WGA’s 11,500 members must vote on the agreement.

This will happen after Tuesday, when the Negotiating Committee ratifies the deal once the final version of the text is ready. The deal is likely to be overwhelmingly approved by screenwriters, who have expressed their satisfaction for the resolution. Union members have also recognized the work of the Negotiating Committee, headed by Ellen Stutzaman.

While the strike continues until the deal is voted on, the WGA has brought an end to the picket lines at the gates of major studios in Los Angeles and New York, which have been in place since May 2.

If the strike had reached September 30, it would have become the longest in the history of the WGA, surpassing the 153 days of the 1988 strike. Actors, in the meantime, remain on strike, until they reach a deal with the studios.

According to the writers, the agreement was made possible after the studios agreed to reformulate the scope that artificial intelligence will have in the writing of content, and to set minimum rules for writers’ rooms.

During the strike, screenwriters complained that studios were abusing so-called mini rooms, a more compact version of a writers’ room. These mini rooms were used to develop more content for streaming platforms in less time and with fewer hands, which made the work more precarious. The new agreement establishes a minimum number of people who must write a television series.

One of the most insistent demands by the WGA was a review of the residual payment model. Residuals are compensation paid for the reuse of a credited writer’s work. The union argued that the previous scheme worked in the times of broadcast TV, but that adjustments needed to be made for the era of streaming. In the digital age, writers, producers and actors receive see hardly any compensation for shows that become hits on platforms.

The studios agreed to change the model to increase compensation depending on a show’s audience figures. This issue is also key to resolving the conflict with the actors’ union SAG-AFTRA, which has 160,000 members, and has been on strike for 72 days.

After the failed negotiations in August, the pickets at the doors of the studios became larger in September. The writers flexed their muscles when Drew Barrymore announced she would return to filming her CBS talk show. This provoked the anger of the scriptwriters, who argued that the popular actress was violating the strike. Barrymore defended herself by stating that many members of the production were suffering financial hardship after months without work. But she came under a lot of pressure.

After a week, Barrymore tearfully apologized in a video posted on social media and announced that she would not resume filming. Other television productions followed, reporting that they would not return until the strike was resolved.


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