Faron Sutaria News
Market comment from Ciaran Curley, Manager of Faron Sutaria, Notting Hill
This quarter has proven to be one of the busiest for our Notting Hill Gate office, with fantastic results achieved.
Restrictions on supply and an influx of foreign buyers who view Notting Hill as an attractive location due to its wonderful architecture and excellent transport links, are the main drivers.
First and second floor flats are, as always, in highest demand with buyers willing to pay a premium for those classic period features. In addition, outside space is fetcing a premium also, as buyers compete with multiple bids.
Notably, the number of European buyers has again risen significently since the deposit crisis in Cyprus, resulting in a vast increase in the number of cash buyers operating in the market at each price bracket.
Fluidity demands that those thinking of buying should consider having their finances in place prior to committing to any offer, and be ready to move quickly.
15th May 2013
Evening Standard
HOT HOMES: GEORGIAN GEMS
The characteristic meat symmetry and full-height classical windows of Georgian homes have been enchanting Londoners for centuries.
These sought-after period gems are dotted around the capital and are snapped up by home buyers drawn by the history and architectural merit or these elegant buildings, as well as their charming red-brick exteriors and well-proportioned layouts.
Chelsea, SW3
A two-bedroom apartment on the lower ground floor of a Georgian terrace house on King’s Road, with a separate reception room and kitchen. The flat has a long lease, its own private entrance and is close to Chelsea’s shop, bars and restaurants.
Price: £750,000
Through: Faron Sutaria
8th May 2013
Market Comment from Christopher Simon, Senior Manager of Faron Sutaria, Earls Court
The property market in Earls Court has been very positive so far this year and we have achieved fantastic results. It is a very price sensitive market so properties which have been sensibly priced attracted the most interest, with many going to best and final offers.
We have more buyers currently registered to buy in Earls Court than earlier this year, many have previously shown an interest in South Kensington and Chelsea areas, attracted by slightly more affordable prices. Purchasers are heading advice and are getting their finances in place before committing to an offer.
There are two particular types of property which are most in demand - those which have been renovated in an ultra contemporary style and are in turn key condition and those in need of modernisation. Flats with two bedrooms and two bathrooms with leases over 90 years or a Share of Freehold are the most requested. We have noticed an upsurge in British purchasers, making up 50% of our buyers so far this year when compared to just 20% in 2012 when the majority of our clients were French and Italian.
If you are thinking of taking advantage of the current buoyant market please do contact us.
1st May 2013
Market comment from Dean Moriarty, Manager of Shepherd’s Bush and Brook Green
Moreover, W12 has shown some of the fastest rising asking prices in London; last year up 11.6% to £545 per sq ft., only just trailing behind its more affluent neighbours in Kensington and Chelsea. It appears that the wall has finally been torn down around the Shepherd’s Bush roundabout, and the cash rich investors from Kensington and Chelsea have marked W12 as the next alternative in which to invest.
I am delighted to be able to say that I am frequently instructed to sell properties which I sold to the current owners over a decade ago. Faron Sutaria’s in depth knowledge and experience in the area is highly valued by our local residents.
26th April 2012
Absolutely Chiswick, Richmond & West Magazine
LUXURIOUS LETTINGS
Lime Grove, Shepherds Bush W12
Faron Sutaria are proud to present new built development by prestigious developers St James. This fantastic Mews house is furnished with contemporary design and is available now. The design of the houses has been carefully considered, offering space and light with generous glazing, flexible space for modern family living and a contemporary luxury specification. With stylish kitchen/diners, open plan large lounges and contemporary interiors, Lime Grove Mews is set to offer the very best in 21st century living.
With video door entry and accessed only by electronic key fob, these family hoes offer security and peace of mind, ideal for young families growing up in London. Accessed through private driveway off Stowe Road, Line Grove Mews is a haven amongst the thriving authentic and eclectic urban landscape, offering a quiet corner of Shepherds Bush.
April 2013
Market comment from Ben Rivera, Manager of Faron Sutaria, South Kensington
We are also looking forward to our open house day this weekend on Saturday 20th April. All the properties featured on these pages will be open for viewings, as well as many more. Please contact your local office for further details.
We always have a tremendous amount of interest in the properties that are entered into it, so if you are considering selling and this is a marketing option that interests you, then please do contact your local Faron Sutaria office as we would be delighted to assist.
17th April 2013
Market comment from Ben Rivera, Manager of Faron Sutaria, South Kensington
The perception of mews houses has really changed in the last few years and in the first quarter we agreed all three that we have on the market. In fact a recent sale in Ensor Mews achieved a record price of £2,140 per sq ft.
With the Pound falling against the Euro and US Dollar in the last couple of months we have seen a fresh wave of buyers coming to the capital to try and secure a piece of Prime Central London. This has continued the upward trend in prices and increased the number of buyers per property quite considerably.
Now Easter has passed, I predict there will be even more buyers eager to secure a sale before the Summer. Please do make contact if you would like to discuss any property matter with us.
3rd April 2013
The Times
Get in. Get out. Get away
Homes for £600,000 or less
IN
Architect designed flat
Fulham, SW6
What you get A freehold apartment with two double bedrooms in Fulham. The stylish reception room has a walnut floor and marble fireplace, a double-height glass ceiling and bespoke cupboards. There is air-conditioning in the master bedroom and the limestone-tiled bathroom has underfloor heating.
Where is it? In a Victorian terrace on Homestead Road, less than a ten-minute walk from Parsons Green or Fulham Broadway Underground stations on the Disctrict line.
Upside the high-spec apartment is beautifully designed and in a desirable location close to Parsons Green.
Downside It is small, just 745sq ft, with a balcony but no garden. The master bedroom is not en suite.
Price £599,950
Contact 020-7731 1487, www.faronsutaria.co.uk
29th March 2013
Market comment from Nadiye Morgan, Manager of Faron Sutaria in Chelsea
The property market in Chelsea has been buoyed by foreign investment for some time now and the strength of the Euro and Dollar against Sterling is attracting more international buyers.
The rise in stamp duty for properties above £2,000,000 caused a degree of distortion in the marketplace. Yet in real terms, properties are 6% cheaper than they were at the beginning of the year for Eurozone buyers, and 13% cheaper in Dollar terms compared with the ‘peak’ of the market*.
Strength in demand, coupled with the shortage of property available for sale means market conditions are perfect for sellers seeking a seamless transaction, with buyers competing with each other to acquire a property now, confident in the security of the Prime London marketplace, especially in Chelsea.
The best properties on the best roads in the area have seen their prices rise by upwards of 5% in the past 12 months. Interest from British buyers seeking a pied-à-terre or London base remains strong. If you are considering a sale, or would like to discuss the value of your property, please contact us or come in and see us at 54-56 Lower Sloane Street.
*Source: European Central Bank
20th March 2013
Evening Standard
BUY OF THE WEEK
Shopaholics might be seriously tempted by this smart mansion block flat, just a few minutes from King’s Road. For £799,950 you get a slick kitchen, two double bedrooms and a spacious reception room showcasing wood floors and a big bay window. For sale through Faron Sutaria.
11th April 2012
The Times, Bricks & Mortar
Get in. Get out. Get away
Houseboats
OUT
Brentford, Middlesex, TW8
Spacious two-bedroom home
What you get A 56ft Dutch barge with two good sized bedrooms, a large open-plan recpetion room, modern fitted gallery kitchen, a bathroom and two large useable deck terraces.
Where is it? Tenacious is located at Brentford Dock. Brentford station is a ten minute walk away.
Upside Would make an ideal weekend pad, as there is space for when friends want to crash. There is parking on shore.
Downside You may only stay for upto four nights a week and the annual mooring fee is £3,750 (this includes the parking). You may want to revamp the interior as it looks as though it has not been updated in a while.
Price £175,000
Contact Faron Sutaria, 020-8994 4111, faronsutaria.co.uk
15th March 2013
Market comment from James Leslie Manager of Faron Sutaria in Chiswick
At this time of year our thoughts turn to enjoying outside space and as such family houses and garden flats become particularly popular. Chiswick is, and has always been a desirable place to live due to its village feel mixed with the buzz and amenities of London. This makes for a heated property market with more demand than supply and means that quality properties are snapped up very quickly, in fact most within days of coming onto the market with prices being achieved at or above asking price.
We currently have a buyer to seller ratio of 10:1 and with more buyers registering at this time of year than any other this will only increase. So, if you’re thinking of selling or buying, please call or email us and we’ll be happy to guide you through the Chiswick housing market.
6th March 2013
Market comment from Philip Mack, Manager of Faron Sutaria in Islington
Savvy investors are looking towards the De Beauvoir Town area which has more usually been seen as the poor neighbour to Canonbury and Barnsbury. The properties on roads like Northchurch, Englefield, Oakley and Ockendon are slightly later in period than their more expensive counterparts in the traditional Georgian and early Victorian terraces, and as such offer better space with good sized gardens.
The announcement that the new Google headquarters is to be based in Kings Cross will help drive the investment buyer market in the area, there has been a noticeable increase in demand from the Buy to Let sector. There are a number of new developments going up close to Old Street which has benefited from the recent announcement by the Government ear marking £50million to regenerate the Old Street roundabout which will only serve to enhance the residential status of the area.
20th February 2013
The London Magazine
Lettings Special: Tales of the Unexpected
Fast mover
We had an applicant looking to rent a one-bedroom flat in South Kensington. He had seen everything within his budget, but hadn’t found a property. We’d been invited to give a market appraisal on a new flat, so we seized an opportunity and asked if he wanted to be the first to see a property we were hoping to bring to the market. He was happy to go with our senior negotiator and wait in the car while she appraised the flat, a large studio with a mezzanine bedroom. The landlord, impressed by us having an applicant literally waiting outside to see it, gave the instruction over the phone. Our
applicant then viewed the flat – and loved it.
Seeing the urgency of making a decision before it came to the open market, he offered an excellent price straight away. The next day, we had a signed lease.
Lesson learned: trust your instincts and don’t be afraid to use your initiative.
By Karen Kaldezar, Director, Faron Sutaria
February 2013
Market comment from Polly Ogden, Manager of Faron Sutaria, Fulham
6th February 2013
The Resident
Orsett Terrace, W2, £575,000. Just a short walk from Paddington station with its direct links to Heathrow Express and the Underground station, this bright and airy one-bedroom apartment has the added advantage of its own private patio, which can be accessed from the reception room or bedroom. Faron Sutaria 020 7229 2404.
January 2013
Market comment from Dean Moriarty, Manager of Faron Sutaria in Shepherds Bush
I explained that this has been mainly due to massive regeneration projects in the area, along with fantastic transport links and of course a world class shopping centre, and it would seem that many of the international buyers that have been flocking to London over the past year have noticed this and have earmarked W12 as an area with high growth potential over the next five years.
So when answering that big question on where to invest in 2013, W12 is my top tip. I am delighted to be able to say that I am frequently instructed to sell properties which I have sold to the current owners over a decade ago. Faron Sutaria’s in-depth knowledge and experience in the area is highly valued by our local residents.
23rd January 2013
City A.M
Lawford Road, NW5
Price £515,000
This two bedroom first floor apartment stretches over 700 sq.ft in a semi-detached Victorian house. There are sash windows, a fully fitted kitchen, private loft access, oak flooring and a shared garden.
Contact Faron Sutaria on www.faronsutaria.co.uk or 020 7267 7074
30th November 2012
Market comment from Christopher Simon, Senior Manager of Faron Sutaria in Earls Court
This vibrant area is attracting purchasers from across the globe, who recognise this area as a property hotspot to invest in due to its central London location, beautiful garden squares and the proposed regeneration project of the Earls Court Exhibition Centre.
We have seen some outstanding prices achieved for properties in the area, with purchasers who were previously looking in South Kensington and Chelsea widening their search and appreciating the quintessential charm of Earls Court’s finest homes.
Our prominent Sales and Lettings office in Earls Court has been open for 32 years and is newly renovated. It is firmly established as one of the area’s leading agents and has an expanding team of highly motivated and successful estate agents with the ability to communicate in 18 different languages.
21st November 2012
Market Comment from Ben Rivera,Manager of Faron Sutaria in South Kensington
As Christmas fast approaches we find ourselves in an incredibly busy market with both buyers and sellers looking to secure a move before the festivities begin. Year to date, Faron Sutaria has seen 99% more buyers registering with us and 31% more instructions than in 2011. That combined with prices in prime central London flats rising by 10% and houses seeing a 12% rise compared to Q3 2011* has led to the South Kensington office having a very successful year so far.
As we all know a lot of hard work deserves a reward, which is why Faron Sutaria South Kensington decided to host our first cheese and wine evening for our clients and local residents. A special thank you has to go out to our neighbours, Handford Wines, for supplying some fantastic wines that certainly helped contribute to everyone having a superb time.
* Source - Lonres
7th November 2012
The Resident
GLAMOUROUS BEDROOMS
Onslow Gardens, South Kensington SW7, £1,99,950
A peaceful night’s sleep beckons in this relaxing bedroom. It is one of three in this stylish flat which also has an open-plan living/kitchen room with direct access onto the communal gardens, and two bathrooms.
Faron Sutaria 020 7590 0300
October 2012
Market comment from Nadiye Morgan,Manager of Faron Sutaria in Camden
The shortage of available property on the market, combined with the number of serious buyers, means market conditions are perfect for sellers who want to move before Christmas. Primrose Hill has long attracted European buyers and this has spread to Camden and Kentish Town, with recent sales agreed to buyers from Italy, Germany and France.
24th October 2012
The Daily Telegraph
The Top 20 Places to Make Money
There are plenty of gilt-edged oportunities around the world for canny property investors in later life, says Graham Norwood
18 Earls Court, London
All change down where? The Thirties exhibition centre will be demolished next year along with old council homes. it will be replaced bu a new "urban quarter" of trendy flats.
Investment tip Local agents say values are 25 per cent below Fulham or West Kensington for now anyway>
Likely rise 10 per cent in 2013
13th October 2013
Market Comment from Laurence Lai, Director of Faron Sutaria, Chelsea
The King’s Road, named so because it was once a private royal route to Hampton Court, is still Chelsea’s main road. It is one of the most famous shopping promenades in London and has been synonymous with all things cool, chic and cutting edge since the ‘swinging sixties’.
Nowadays it is still as busy as ever and draws in huge crowds particularly on a Saturday. Duke of York Square with its open spaces, boutiques, restaurants, spa, hairdressers, beauty salons and Saturday market has added a new dimension to the King’s Road experience. It is also home to the Saatchi Gallery which presented 7 of the 10 most visited exhibitions in London from 2009-2011. Peter Jones has occupied its existing site on the corner of Sloane Square for over 75 years.
Home to the RHS Flower Show, The Chelsea Pensioners, The Chelsea Royal Hospital, Chelsea is steeped in history. It has a diverse range of property to suit all tastes and perfectly contrasts the old with the new; modern with traditional. If you are looking to buy, Chelsea is definitely the ‘happening’ place to be, and if you are looking to sell, demand as ever is still very high.
10th October 2012
Sunday Telegraph
The Back Upper Dimension (Bud) is the new must-have extension, discovers Caroline McGhie.
London has always led the way in the property market. It breaks through price barriers, sets trends, searches out ways to harvest value where there was none before. Now the streets of Fulham, in its southwest, are buzzing with the latest craze. The upstairs back extension, called the Bud, is sprouting on Victorian houses so vigorously no one would believe there was a recession.
What can you do? If you have already extended your kitchen into the garden, developed the side return (exterior passage at the side of the house), and built out your loft, then the next addition has to be the Bud (back upper dimension).
“When we did ours in January, our neighbour did it at the same time, so we were able to save costs on scaffolding, and cut a deal with the builder and the architect,” says Michael Brennan. He bought his house in Tamworth Street seven years ago when he was single and he began to make the most of it. He built into the side return, got married to Camilla, and two years ago they had their first child, Grace. When their second child announced its arrival they decided they needed more space upstairs.
“It was a typical Fulham town house with two reception rooms, three bedrooms, one bathroom and a sort of attic room in the roof,” he says. “Extending here usually adds value so we redid the whole top floor. We created a separate guest floor up there, and extended out on the first floor at the back to create a blue mosaic wet room. It is now a four-bedroom, two bathroom house.” But was it worth it? “It probably cost £60,000 and has added £60,000 to the value of the house, but the point is that it makes it a lot more saleable,” says Michael, who works in biotechnology funding. “It probably washed its face economically, but far more important than that is that it made the whole top floor useful.” Their second daughter, Eloise, is seven months old, and Grace is running about, so they want a bigger garden and are moving. The house is for sale for £1.5 million with Faron Sutaria (faronsutaria.com; 020 7731 1487).
“Buds are happening all over Fulham,” says Michael. “There are six going on in one road, and another six in the parallel road. Contractors’ hoardings are everywhere. We will do the same in the house we move to nearer the river.”
For now, Fulham is the heartland of the Bud, as Jonathan Wright of Planning Solutions explains. “It used to be difficult, but about five years ago two home owners who wanted them were turned down by planners and went to appeal. Both were allowed. Since then the council has let them happen but has tried to refine what it allows. They insist that a Bud or back-box extension should be no more than half as long as the existing back addition, that it should have a mansard type roof, and that if a side dormer overlooks a neighbour then it must be obscure-glazed and fixed shut.”
He says it takes about eight weeks to get planning permission and eight to 10 weeks for the work to be done. “Buds are popular because you can get a double bedroom in, and they are one of the cheapest forms of extension because they don’t require foundations. We have up to five applications on the go at any one time,” he says.
Home owners in neighbouring Kensington and Chelsea tend to go for a basement dig-out because planning is tighter in Conservation Areas. “It is the land of basements, where we have seen the birth of the iceberg house, with two levels underground and underground extension beneath the garden,” says Jonathan.
Costs of extensions
1. Basement dig-out: £300,000
2. Kitchen extension with wraparound: £50,000
3. Loft conversion: £40,000-£50,000
4. Bud or back-box: £35,000
30th September 2012
Market comment from James Leslie, Manager of Faron Sutaria in Chiswick
However, with the number of buyers registered still way exceeding properties for sale there is still a real need for quality instructions which in turn is holding asking prices firm with many properties even exceeding their asking prices. We have recently had numerous properties go under offer in the area from a lovely ‘Grove Park’ house with an asking price of £3.65m through to smaller houses and flats, many of which are where buyers have been forced to compete, sending the achieved prices considerably above the asking prices.
I’m confident Chiswick and surrounding areas will remain popular due to the great lifestyle and atmosphere they provide. If you would like to discuss either selling your property within this area or are indeed interested in purchasing, we would be delighted to assist you.
26th September 2012
Market Comment from Laurence Lai, Director in Notting Hill
We are instructed to sell some of the finest property in our area and we will undoubtedly have something to suit every taste and across most price ranges. Please contact the relevant office to see which other properties are being shown on the day, we look forward to
seeing you.
12th September 2012
Market Comment from Chirstopher Simon, Manager in Earls Court
This vibrant area is attracting purchasers from across the world who wish to invest in The Royal Borough of Kensington and Chelsea and recognize Earls Court as a property hotspot due to its central London location, beautiful garden squares and quintessential period charm.
Owing to our success, we now have a newly refurbished sales and lettings office and a highly experienced and knowledgeable team of 23 property professionals. With the ability to communicate in 18 different languages, the team is able to efficiently negotiate with both our local and International clients.
An intelligent approach to all aspects of estate agency has so far this year enabled us to negotiate an averaged combined sale price in excess of 102% of asking prices, with many properties achieving all time record levels. If you are thinking of selling we would welcome the opportunity to discuss your requirements with you and help to create a bespoke marketing strategy for your property.
29th August 2012
Market comment from Polly Ogden, Manager in Fulham
This unusual market place makes it a perfect time to sell before the September rush, where a number of new properties will appear on the market as sellers return from the summer break.
If you are currently on the market with another agent and are yet to talk to Faron Sutaria, we would love to hear from you. We are confident that our unique strategy to sell property means that not only will we secure you the right buyer but also achieve you the best possible price, a factor often overlooked by our competitors. Our new branch occupies a corner position on the roundabout where Fulham Road and Northend Road meet, so do come in and see us.
Alternatively, if you are planning to market the property once the children return to school, make the most of our Open Day Weekend on the 15th September – an ideal start to the marketing of your home.
8th August 2012
The Times
A DREAM HOME
Islington, London
College Cross: A Modern two-bedroomed flat with a patio and a communal garden.
Upside: The flat is minutes away from Upper Street’s trendy shops and bars
Downside: The service charge is £1,500 per annum, but this does include buildings insurance.
Yours for: £700,000, Faron Sutaria. 020 7354 9737
25th July 2012
Market comment from Ben Rivera
their holidays, Faron Sutaria in South Kensington is still incredibly busy. A prime example of the deals being done is the sale of an impressive house on prestigious South Terrace for just under £6m.
Despite having been on the market with another local agent for several months, a buyer was not found. It was withdrawn from the market and relaunched by Faron Sutaria. We agreed terms with a buyer last Monday and worked hard to get it exchanged by close of business on Friday. Both the seller and buyer were British; whilst its true that prime Central London has experienced an influx of buyers from all over the world, South Kensington remains ever popular with native purchasers.
The long-awaited Olympics begin next Friday, and with four events taking place in and around the Royal Borough we are anticipating an influx of international footfall through the area. The staff in our dedicated team here on Old Brompton Road speak a total of nine different languages from the usual European languages through to Arabic, Armenian and Zulu, making us well placed to help anyone passing through with their property search.
18th July 2012
The Times
HOUSEBOATS
Brentford, Hounslow TW8
What you get: One bedroom, open-plan reception room and fully fitted kitchen and modern bathroom. Underground parking is available for £75 per month.
Where is it? Just off the River Thames on the new mooring in Soap House Creek. It is half a mile from Kew Bridge railway station; trains to Waterloo take 30 minutes.
Upside: It’s newly renovated and features a new John Deere engine.
Downside: The interior is currently rather bland but that can easily be remedied with a bit of imagination. The service charge is £7,000 a year, which includes mooring fees (£2,750 per six months).
Price: £95,000
Contact: Faron Sutaria, 020 8994 4111, faronsutaria.co.uk
15th June 2012
Market comment from Tom Lepsky, Manager in Chelsea
It feels like summer is finally here, bringing an influx of International visitors to London. The sporting calendar brings a buzz to the city as we look forward to the Wimbledon Tennis Championships, the Olympics, the Euro 2012 Football Championships and the Paralympics. There has been a significant rise in activity from potential buyers and I’m delighted to report that we are continuing to be very busy and have just had another record week. As a result of our trusted and professional advice, our clients are well tuned into the latest developments in the market place and sensitive pricing is resulting in quick sales.
At our Chelsea office, we benefit from the close network of our nine Central London offices and the combination of well established and new offices has resulted in exceptional internal referrals. The amount of high calibre leads that we have generated has therefore benefited all of our clients and increased sales across the whole company. I would be delighted to discuss any specific property needs that you might have, or put you in touch with any of our offices throughout our network.
6th June 2012
Market comment from Laurence Lai, Director in Notting Hill
Amidst the turmoil of recent events, the extended Bank Holiday for the Queen’s Diamond Jubilee celebrations will be a welcome distraction for most that will demonstrate that even in the face of adversity, no one does ‘pomp and ceremony’ quite like we do. The feel good factor around the country will, I predict be euphoric and many of us will be filled with a huge sense of national pride.
The start of the Euro 2012 is just around the corner, then Wimbledon closely followed by the Olympics.
Add to this the uncertainty in the financial markets and political unrest in some regions, you could be forgiven for thinking that we will see a summer of distractions. One thing is constant though. If you present your property in the best possible way and appoint an estate agent that has access to the best marketing available whilst offering experienced, professional and sound advice, you will always achieve a great sale.
London is still very much regarded as a safe haven as far as property investment goes and we are still experiencing a huge influx of overseas buyers looking to purchase property. Faron Sutaria has some of the finest properties available at most price ranges and to suit all tastes. We have offices in all the prime areas of London and look forward to being an integral part of your move.
30th May 2012
The Evening Standard
A cool collection of whites and greys sets the calm tone in this three-bedroom Chiswick home with a stylish reception room, spacious skylit kitchen-diner and huge cellar with development potential. Faron Sutaria seeks £800,000
14th November 2012
Market comment from Philip Pike, Manager in Chiswick
With this in mind, it is worth taking a few moments to consider how to best prepare your home for sale. Whilst almost everybody knows about decluttering the house and considers possibly redecorating certain rooms, very few potential sellers give much thought to sorting out the paperwork ahead of time.
Ideally, the papers relating to the house should be ready to send to a buyer’s solicitor as soon as an offer is accepted. This will not only speed the sale up by a week, as this is typically how long it takes to get everything organised, but demonstrates clearly to your new buyer that you are serious about getting everything done in a timely manner.
So plan for your sale now, as you don’t want to be searching through boxes for that one missing piece of paper once you’ve started your packing.
4th July 2012
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