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Period homes push up percentage increase

A diminishing pool of period properties coming to the market is resulting in strengthening sales of quality period homes, despite a turbulent political year.

This is the message from Balfours town sales manager, Alistair Hilton, who says despite the unchartered waters of Brexit, Trump and stamp duty reform on second homes,  town prices have risen by four to six per cent, depending on post-code; and they have done that year on year for the past four years, which is both very encouraging and sustainable. We hope to see the same again next year with stability going forward.

Recently exchanged is Burnside House in Meole Village, a six bedroom traditional Georgian property, set in an acre of grounds, marketed with a guide price of £855,000. Hillgrove, a 1930s five bedroom property in Shrewsbury’s Porthill sale was completed within months, with a guide price of £875,000.

Says Alistair: “It is not just the larger town houses that are selling well; no marketing was undertaken for a two bedroom flat in St Mary’s Place. It sold quickly with a £295,000 guide price. The flat does have a balcony and views to the river and English Bridge, however it has no parking and yet it yielded £310 per square foot, which is quite exceptional. Meantime a two up, two down in the popular district of Belle Vue achieved £175,500.”

Mitigating the lack of period properties are the increasing stocks of new build, throughout Shrewsbury and its outskirts. Sales recently achieved include Number eight, Column House Gardens, Preston Street, Shrewsbury. Alistair adds: “These four bedroom terraced homes were marketed in the region of £400,000, the final two of the ten home development are now under offer with completion expected well before the end of the year.”


Burnside elevation

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