Property news: How much would your home's prise rise in the Queen's 90 years?
PUBLISHED: 09:48 27 June 2016 | UPDATED: 10:25 27 June 2016
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County property news. This time: Introducing Beresfords Country and Villages, the Queen's 90 years in house prices, Mersea Homes praised by housing minister, and more
The Queen’s 90 years sees 471-fold house prises rise
As the nation celebrated Her Majesty the Queen’s 90th birthday, the team at Jackson-Stops & Staff decided to take a look back at the history of housing over the last nine decades. Since Queen Elizabeth II was born, in 1926, average UK house prices have risen from a modest £619 to £291,504 (based on the latest ONS figures). This represents an incredible 471 fold increase over 90 years – implying a 47,021% rise in average UK house prices.
Jeremy Smallman, partner in charge of the Chelmsford office of Jackson-Stops & Staff, comments: ‘It is not the fact that property has outperformed over the last 90 years that is surprising, but the sheer scale of it. The 471-fold increase would take a 65cm pot plant, which could easily fit under a kitchen table, to a giant tree that is taller than London’s Shard, standing at 306 metres.’
Introducing Beresfords Country and Village
Beresfords has established itself as an estate agency with a strong and professional base within Essex, Greater London and the surrounding areas. So, after many years of success in the country homes market, the company is launching the wider ranging Beresfords Country and Village brand.
Based at the prestigious offices in Chelmsford, James Caffrey manages the Country and Village team and is delighted to market some of the most impressive and unique properties in the area, coupled with some of the prettiest and most attractive village properties throughout the county.
James comments: ‘The Beresfords brand is extremely strong in the county thanks to the company being established for nearly half a century. Although we have successfully operated in the Country Homes market for a number of years, we wanted to develop a brand that not only has a synergy with the mainstream Beresfords brand but also made this specialist division suitably unique.’
Housing minister praises Mersea Homes
Mersea Homes’ Chesterwell development has been praised as an excellent example of a quality local developer delivering family homes and infrastructure for all of the community.
Colchester MP Will Quince visited the Chesterwell development, just off the new A134 in north Colchester, with Brandon Lewis, Minister of State for Housing and Planning, on Saturday morning. They met up with the Mersea Homes’ team and Brian Morgan of ADP, who has been the lead town planner on the scheme since inception.
Mr Lewis praised the range of housing available at Chesterwell and the community facilities which will include two schools, a country park and routes for cycling or walking directly to Colchester town centre or the mainline train station.
‘Here at Chesterwell, Mersea Homes has built a good reputation with the community and that is the added benefit when you are dealing with a local company who are going to be developing in the area for the foreseeable future,’ said the minister.
One pile or two…
Savills is giving homebuyers the chance to purchase Tudor Cottage in Little Waltham, with the unusual choice of buying the property with or without a separate Essex barn. Tudor Cottage near Chelmsford is available as a whole or in separate lots with a Grade II listed, five-bedroom house and annexe with fantastic views over the Chelmer Valley towards the Little Waltham Meadows nature reserve, partnered with a barn with planning permission for conversion into a separate two-bedroom dwelling. Tudor Cottage, which dates from the 15th century, is light and airy with good ceiling height. The sitting room is well proportioned and features a magnificent fireplace and exposed beams all set within about one acre. The guide price as a whole is £1.025m. Contact Phaedra Howard on 01245 293233.