Savills Amersham and Beaconsfield Home Truths - Thursday 22 April 2021 Welcome and thank you for joining.
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Savills Amersham
and Beaconsfield
Home Truths
Thursday 22 April 2021
Welcome and thank you for joining.
You are on mute for the duration of the webinar.
We will begin shortly.
1
Welcome
Paul Jarman Faisal Choudhry Nick Pounce Chris Moorhouse
Head of Home Counties Residential Head of Sales Head of Sales
Residential Sales Research Amersham Beaconsfield
pjarman@savills.com fchoudhry@savills.com npounce@savills.com cmoorhouse@savills.com
07967 555 434 07967 555 720 07824 592 170 07807 999 760
2
Q&A Panellists
Claire Pincott Hugh Maconochie
Head of Lettings Country House Department
Amersham and Beaconsfield Home Counties
cpincott@savills.com hmaconochie@savills.com
07807 999 255 07870 999 589
3
Residential Market Outlook
Faisal Choudhry, Residential Research
4
2020 anything but a normal housing market
1st modern-day
Resulting in a
recession where
market driven by
the economy
those with
and housing
financial security
market have
Government rather than those
moved in
intervention on exposed to the
different
jobs, earnings economic fallout
directions
and Stamp Duty
and a
Low preceding benevolent
price growth, approach to For whom a
ultra-low interest mortgage reassessment of
rates and early repayments housing needs
expectations of a and priorities
sharp V-shaped essentially
recovery overrode
marked it out as economics
different
5
Exceptional market performance
South East market activity between June 2019 and March 2020 compared with June 2020 to March 2021
Net agreed sales Price reductions
110%
90% 95%
Jun 2019-Mar 2020 versus
94%
Jun 2020-Mar 2021
70%
65%
50%
30%
33% 30%
10% 14% 13% 12%
11% 9%
-10% -14% 0%
-30%
-50%
Under £100k £100k-£200k £200k-£300k £300k-£500k £500k-£1m Above £1 million
Source: Savills Research using TwentyCi 6
Sales agreed between
June 2020 and March 2021 versus
June 2019 and March 2020
Source: Savills Research using TwentyCi 7
The movers and the stickers
87% 1/3 51% 55% 44%
of those in
The proportion of of those living in medium/ large of those in central
of those living in those living in city the countryside towns or city London would
small towns, centres or who are suburbs/ centres like their next
villages or the suburbs who downsizing would like to home to be in a
countryside would prefer their would prefer to remain in an city centre
would like to next home to be in move into a urban area Increasing to 47%
remain in one of a village or the village or small Increasing to 69% amongst the
these locations countryside town of downsizers under 40s
Source: Savills Research Client Survey November 2020 8
Supply and demand imbalance across Amersham & Beaconsfield
Agreed Sales New Instructions
+55% +2%
(Q1 2021 v Q1 2020) (Q1 2021 v Q1 2020)
Source: Savills Research using TwentyCi 9
The impact on mainstream prices
UK Outer Metropolitan
20%
15%
Annual house price growth
10%
5%
0%
-5%
-10%
-15%
-20%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Source: Nationwide 10Amersham &
Beaconsfield
£827K
+3.6%
Buckinghamshire
£511K
+2.5%
Source: Savills Research using Land Registry 11The impact on prime prices
Amersham Beaconsfield
+4.1% +3.8%
(Q1 2021 v Q1 2020) (Q1 2021 v Q1 2020)
Source: Savills Research 12Prime values within a 30-minute commute of London
Inner Commute
Towns
+3.8%
Annual growth
Inner Commute
Inner Commute Rural
+18.2%
+4.3% since 2007 peak
+4.6%
Annual growth Annual growth
Inner Commute
+14.3% Villages +2.3%
since 2007 peak since 2007 peak
+5.1%
Annual growth
+13.0%
since 2007 peak
Source: Savills Research 13Prime rental markets across the commuter zone
Increased More try
tax and before you
regulation buy tenants
Sharp rise in Tenants seeking
applicant more inside and
numbers outside space
More demand
Low stock from Londoners
levels
Source: Savills Research 14London’s Commuter Belt Amersham & Beaconsfield
+5.4% +4.1%
Q1 2021 v Q1 2020 Q1 2021 v Q1 2020
Source: Savills Research 15The importance of locality
Now Prior to Covid-19
60%
Proportion of respondents who ranked as 1 or 2
50%
40%
30%
55%
48%
20%
37%
28%
10%
17% 15%
0%
Park/Open space Family Shops/ local amenities Transport connection Schools Place of work
Source: Savills Research Client and Applicant Survey March 2021 16Vaccine & relaxation of lockdown looks to boost confidence further
Net balance of opinion on commitment to move
Greater commitment to
move in the short, medium &
longer term
+25%
+23%
+20%
+19%
Suggests demand is likely to
remain strong throughout all
of this year and into next
Over the next 3 Over the next 6 Over the next 12 Over the next 24
months months months months
Source: Savills Research Client and Applicant Survey March 2021 17Housing market outlook
5 years to
2021 2022 2023 2024 2025
2025
Prime Values UK Regional +20.5%
+5.0% +4.0% +3.5% +3.0% +3.5%
Prime Values within a 30-
minute commute of +18.2%
London +5.0% +3.5% +3.0% +2.5% +3.0%
Mainstream UK +21.1%
+4.0% +5.0% +4.0% +3.5% +3.0%
Mainstream South East +17.0%
+5.0% +4.5% +2.5% +2.5% +1.5%
UK Residential
1.4 million 1.25 million 1.2 million 1.2 million 1.2 million +15.4%
Transactions
Source: Savills Research 18Thank you © Savills 2021
Local Market Update
Nick Pounce – Head of Residential Sales, Amersham
20The Amersham and Beaconsfield market
Buyer Sales Multiple Guide price Buyers from
registrations* agreed* offers** achieved* London**
+70% +158% +54% 98% +80%
*Source: Savills data, Jan – Mar 2021 v Jan – Mar 2020
**Source: Savills data, Apr 2019 – Mar 2020 v Apr 2020 – Mar 2021 21SOLD properties in Amersham
The Green, Amersham
Guide £895,000
Chalfont Avenue, Little Chalfont
Guide £1.125 million
Chestnut Lane, Amersham
Guide £1.25 million
Burtons Lane, Chalfont St Giles
Guide £1.45 million
22Lodge Farm
• Stunning conversion of former farm house and
new builds barn style dwellings
• Rural yet convenient setting within a mile of Little
Chalfont centre and station
• 6 units in total
• Guide £925,000 - £1.775 million
• Launching June 2021
23High and Over
• One of Amersham’s Landmark properties
• Iconic Grade II* listed detached property
• Widely considered to be the first and finest
Modernist style house built in Britain in 1929
• Guide £2.5 million
• Launching from May 2021
24Thank you © Savills 2021
Local Market Update
Chris Moorhouse – Head of Residential Sales, Beaconsfield
26SOLD properties in Beaconsfield
Beacon Hill, Penn
Guide £2.75 million
Great Hampden
Guide £4.25 million
Poyle Lane, Burnham
Guide £560,000
Penn Street
Guide £1.25 million
27Hughenden Valley
SOLD Guide £1.75 million
28Saunderton
• On the market with another national
agent for 9 months
• No offers
• Moved to Savills
• Presentation refreshed
• Guide £2.995 million
• 9 viewings
• 2 international buyers bidding
• Sale agreed close to guide price
29What does £1.25 million buy you in What does £1.25 million buy a village close to Beaconsfield… you in London… • Cobblers, Penn, HP9 • Primrose Hill, NW3 • Beautiful period detached cottage • Upper floor apartment • Country style kitchen • Views over Primrose Hill Park • 3 bedrooms • 2 bedrooms, 2 bathrooms • 1,760 sq ft • 902 sq ft • Mature garden and outbuilding garage • Secure lock-up garage and storage Source: Savills 30
What does your money buy What does your money buy you in Beaconsfield… you in London… • Grove Road • Marylebone, NW1 • Guide £2.75 million • Guide £2.75 million • 5 bedrooms • 4 bedrooms • Detached • Terraced • 4,546 sq ft • 2,142 sq ft • £605 per sq ft • £1,284 per sq ft Source: Savills 31
New instructions
Coming soon…
Near Princes Risborough Bledlow Ridge Beacon Hill, Penn
Furzefield Road, Beaconsfield Wilton Park, Beaconsfield Seer Green
32Thank you © Savills 2021
Q&A
34You can also read
