The Blog

Price moderation and a sales slowdown are likely over the coming months but should be considered in the context of economic history, the frenzied post-pandemic market and the longer term outlook. The Autumn Statement provided a sobering assessment of the UK economy, but forecasts for the housing market are less dramatic than during 1989-1993 and the Global Financial Crisis in 2007. Inflation is expected to peak during the final quarter of 2022 before falling back over the course of 2023, and unemployment looks likely to remain lower than the 10 year average of 5.3%. The Global Financial Crisis, caused by banks lending more than borrowers could afford to pay, led to the more stringent mortgage lending criteria imposed since 2014. Today, only an estimated 4.2% of homeowners have less than 10% equity in their home. Annual price growth in the UK has moderated back from the double-digit price growth that has epitomised the market in recent months, with all major indices placing growth firmly in single digits as the year draws to a close. At 7.2% in the year to October, annual price growth remains considerably stronger than the 3.3% average between 2010 and 2019. Since June 2020, average property prices have risen by close to £50,000, the equivalent of 24%, with lockdown and lifestyle changes spurring the market. Single digit price correction is predicted for 2023/2024 before price growth is anticipated to return in 2025. Buyers will continue to benefit from the 0% rate of stamp duty up to £250,000 until March 2025. With almost one in three movers ‘needs-based’, such buyers will present sales opportunities. However, realistic pricing for market conditions will be paramount to achieving a sale as the market recalibrates. Except for 2021, this year is set to be the busiest market since 2017. Zoopla estimates there are around 293,000 sales currently in the pipeline to be completed before the end of 2022. Sales volumes are predicted to be around 1 million in 2023, a level more on par with the pre-pandemic norm. October saw a 13% uptick in new supply to the market compared to a year ago, although stock levels remain low by historic standards. Looking at regional activity, a cross the London market, the time taken to sell a property has nudged upwards over the past month. However, at 54 days it remains less than 69 days in October 2019. Tower Hamlets is currently the most active property market in the region. The initial results from the 24th official census, the first ‘digital’ census of England and Wales, report that both the population and number of households in England and Wales rose by just over 6% in the decade to 2021. The population grew by 3.5 million and the number of households by 1.4 million. In London the number of households increased by close to 158,000 and the population by over 625,000. Early 2023 will see the release of new census information reflecting how the number of private dwellings across the capital has changed. There is no doubt that 2023 will inevitably prove a very different housing market to 2022, but there will still be buyers who need to buy, and sellers who need to sell. Over the longer term, forecasts for growth remain positive.

Enjoying a prime position on the quiet Charlwood Street, the property is ideally situated between the thriving hubs of Pimlico and Victoria.

Standing on the corner of Charlwood is this striking, four bedroom Townhouse. This residence is the epitome of London architecture with beautiful period features; from the Stucco fronted exterior and carrying through to the interiors, with generous room proportions and glorious high ceilings, tall sash windows and feature fireplaces. The property enjoys an enviable central London location between Pimlico and Victoria, with a wealth of amenities on the doorstep. Arranged across five floors and offering 2,246sq.ft of sleek modern accommodation, the home comprises four double bedrooms, four bathrooms, open plan kitchen and dining room, reception room , extensive vault storage, utility room and outdoor patio. The ground floor hosts a contemporary kitchen with state-of -the art integrated appliances and dining area, with a reception room located on the first floor; both rooms benefit from magnificent high ceilings and elegant coving, with exposed wood flooring and huge floor to ceiling sash windows offering access to the first floor wrap around terrace. There are four bedrooms in total, all of a great size with bespoke built in wardrobes and en-suite or adjoining bathrooms, the principal bedroom on the second floor is worthy of particular note with a stunning marble en-suite bathroom featuring a luxurious, free-standing bath tub. A patio to the front and rear of the property be accessed via the lower ground floor. Due to its wonderful corner plot, the property is dual aspect throughout, allowing copious amounts of natural light to flood each room creating a bright and spacious ambience. Enjoying a prime position on the quiet Charlwood Street, the property is moments from a lovely range of shops and artisan cafes on Churton Street and Wilton Road, whilst being ideally situated between the thriving hubs of Pimlico and Victoria. The world-renowned shopping of Sloane Square is just a short walk away, alongside the glamourous nightlife of Chelsea’s Kings Road, with a plethora of parks and the River Thames also nearby. Charlwood Street has excellent transport links, with Pimlico Underground Station (Victoria Line) and Victoria Station (District Line, Circle Line, National Rail & Gatwick Express) providing routes around the Capital. If you are interested in buying this property, please contact Dannie at dan@theagency-group.com.

Linksway, Northwood, HA6 - Arguably one of the finest homes available in the UK today and winner of multiple awards

Widely regarded as the finest home on Linksway, Northwoods most prestigious address, we introduce a multi award-winning residence, exuding glamour and grandeur on an unprecedented scale. Winner of Best Residential Property - International Property Awards, Best Residential Property Middlesex - International Property Awards and Commended, Interior Design - The Sunday Times British Home Awards. Spanning four floors, with six splendid bedroom suites, extensive sumptuous living areas and deluxe leisure and entertaining complex, this is 13,297sq.ft of pure luxury. A grand reception hall greets you and leads through to the main area of the ground floor, a sensational open plan kitchen, living and dining area. A spectacular space in excess of 1,540sq.ft, the kitchen showcases top class craftsmanship, where local building materials have been used alongside internationally renowned designer brands and appliances, such as Gaggenau and Sub Zero with a separate pantry and large central island overlooking the living and dining areas. The rear of the property is devoted to stunning glass walls, flooding the floors with beautiful natural light and sliding open onto a sprawling outdoor terrace, extending the entertaining space further and bringing the outside inside. Additionally, on the ground floor is a large dual aspect study and studio, both with doors on to the gardens, and an office, utility room, cloakroom, two guest WCs and access to the garage. A glass encased floating staircase takes pride of place in the reception hall and provides access to all floors. The lower ground floor is home to a magnificent leisure complex. An entertainment room is the perfect spot for lavish hosting or relaxation, oozing opulence and comprising a fully equipped bar with backlit bottle display and snooker room rivalling any West End club. Adjoining the entertainment room is a 20metre indoor swimming pool with the unique bonus of a retractable floor, rising to create a flat platform ideal for a dancefloor, thus extending your entertainment space further. A fully equipped gym, sauna and massage room, alongside individual male and female changing facilities, complete the leisure complex. The swimming pool has full scale glass doors, sliding open onto a tranquil courtyard with living wall and an external sweeping, spiral staircase connecting the lower and ground floor terraces. On the first floor are three bedrooms, inclusive of an outstanding master suite with huge dressing room and glass ceiling, and luxurious bathroom, with the other two bedrooms also served by en suites and dressing rooms. A floor to ceiling glass wall dominates the first-floor bedrooms, giving a fantastic vantage point over the raised gardens and pristine lawns. Up to the second floor, where a large galleried landing provides a seating area, and three remaining bedrooms are located, all with built in wardrobes, en suite bathrooms and doors to access a communal balcony. The property is brimming with premium features, with underfloor heating and air conditioning throughout, an integrated sound system, and first class Moderno interior design work which earned this residence the illustrious award of Best UK Home, Middlesex, and many more. Linksway is fronted by an electronically gated carriage driveway, with multi-vehicle parking and a double garage, and sits on 2/3 of an acre. The gardens are varied and delightful with mature trees and shrubs, offering something for every member of the family. An outside undercover bar is fully equipped with kitchen facilities and perfectly placed alongside the vast seating terrace with outdoor gas fire, making this a dream for al fresco hosting in all seasons. The garden extends to 150ft with a tennis lawn at the rear and raised viewing platform ideal for recreation, while a private Japanese water garden brings serenity. Linksway is a peaceful, leafy road adjoining the protected forest of Copse Wood in the affluent suburb of Northwood. The area is a favourite destination with families, famed for its safety and close proximity to an excellent selection of elite schools, whilst commuting is made easy with the Metropolitan Line connecting residence to the City, and the M25 just 6miles from the property providing cross country links. If you are interested in buying this property, please contact Dannie at dan@theagency-group.com.

Designed by architect W G Gibbins, characterised in a Gothic style and based on the Brighton seafront - this property is not one to miss!

This is a phenomenal opportunity to acquire a stunning church conversion in Brighton. Designed by architect W G Gibbins and characterised in the Gothic style, the property retains many of it’s original features whilst the current owners have meticulously enhanced it throughout with contemporary finishes to create a truly unique masterpiece. The main living area is the centrepiece of this home with an incredible vaulted ceiling, full height stained glass windows and a bar converted from the original altar. If that wasn’t enough, a feature glass staircase leads you to the mezzanine level where you will find the principal bedroom complete with a freestanding roll top bath and a stylish circular feature glass floor. Just off the main living area you will find a fully integrated kitchen with a range of modern appliances as well as access to a private roof terrace to further complement this superb residence. On the lower ground floor there is a guest bedroom complete with en-suite shower room. Additionally the property further benefits from ample storage space throughout as well as a shower room with WC off the main living area. The building was officially dedicated in 1887 as ‘The French Protestant Church of Brighton’, one of only two of its kind in England, the other in Soho Square London. Amongst many interesting facts about this building is that a time capsule was set into the main stone foundation, containing items associated with Queen Victoria’s Golden Jubilee, celebrated the same year. Enviably situated just 120 metres from the beach as well as the vibrant shops, bars and restaurants of the Lanes and the city centre, the theatres, gardens and Royal Pavilion. A great selection of bus services provide access to all parts of the city as well as nearby outlying villages and up to Devil’s Dyke. Additionally Brighton train station is approximately a little over half a mile away, offering frequent mainline links for commuters. Brighton Airport, in Shoreham, offers a convenient base for private aircraft. If you are interested in letting this property, please contact Sean at hello@theagency-group.com.

COMING SOON

Egerton Drive - Fitzroy Gate

Our record-breaking sales in Isleworth Fitzroy Gate is a stunning gated development, it is set in a Grade II Listed Manor House estate. It boasts 3 acres of private parkland bordering the River Thames. The development is close to a number of outstanding schools, just a mile from Richmond and close to St Margaret's Station which has connections into London Waterloo in 31 minutes. The Agency Group have succeeded in selling and renting 6 Egerton Drive properties within the Fitzroy Gate development, over the past year. The following properties in the development were sold and rented by The Agency Group: ✓ 9 Egerton Drive ✓ 16 Egerton Drive ✓ 19 Egerton Drive ✓ 23 Egerton Drive ✓ 27 Egerton Drive ✓ 30 Egerton Drive According to Rightmove, properties in Isleworth had an overall average price of £613,234 over the last year. Rightmove also claim that sold prices in Isleworth over the last year were 6% up on the previous year. The average price of our sold properties on Egerton Drive, Isleworth is £1,875,000. This means that our average sold property price is 3x times the average property price in Isleworth. The UK land registry graph above shows an exponential rise in sold Isleworth properties in November 2021 and April & June 2022. Each time our Egerton Drive listings sold at their higher than average price, they impacted the overall average of Isleworth sold property prices. We are proud that our listings were among the most expensive properties that positively impacted the statistical average. Our agents are constantly pushing the boundaries and reaching their goals. Now that this data-influencing milestone has been accomplished, we think it is important to reflect on its footprint. Our company have greatly and positively influenced Isleworth property sales. We are proud of our influence and our agents impeccable work. We aim to not only fulfil our roles, but always consider the unordinary. Our motto is ‘normal gets you nowhere’, which has certainly proven to be the case with the Fitzroy Gate development sales this past year.