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Rural Rental Market Demand Outstripping Supply

07/08/2020

A desire to live in a rural area and pent-up demand are driving the rural rental market, firming values.

 

Phones Buzzing

Shropshire’s leading rural estate agent, Balfours, reports a high level of enquires since the easing of lockdown. Senior lettings negotiator, Jackie Monro says that phones have been buzzing with properties flying off the market, many before, or as soon as they are launched. “Currently demand is outstripping supply – and that is despite the fact that we have probably the best portfolio of rural properties through our rural estate management.”

“We are seeing the effect of covid first hand as people reassess their lives, with two drivers: Working from home is now acceptable so they don’t have to be in cities or suburbia. Secondly from a health viewpoint living in the countryside ticks all the boxes, including minimising contact with densely populated areas.”

Jackie compares the covid shut down to the traditional Christmas shut down, “that is only two weeks, this time we had three months without any warning. Naturally as a result there are people who have been desperate to move for some time, plus those who are opting to change their lifestyle. As a result we simply need more properties to satisfy demand.”

 

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Extensive Package with Development Opportunity

04/08/2020

Mature regency elegance anchors this impressive 47 acre residential property. Opportunity “knocks” in numerous directions for Chetwynd Grove found at Cross Lanes, near Wrexham.

 

Beautifully Maintained Gardens

In addition to the main house there are significant outbuildings two of which benefit from planning permission to residential accommodation. Offering the opportunity to develop to sell, utilise for a relative, let out on long term or holiday let basis. Additional buildings can also be utilised for equestrian or other interests.

The main house dating back to the 1800s provides six bedrooms, four of which are en-suite. It is steeped in regency elegance with high plaster coved ceilings, deep skirting, period fire places and generous doors among its integral assets.

Balfours country house sales, Charlie Giffard, comments: “Chetwynd Grove benefits from two driveways, allowing the principle property to retain privacy. There are fabulous formal gardens beautifully maintained, together with kitchen garden and orchard. However part of the garden would conveniently divide off to provide for the outbuildings. The whole has fabulous outlooks to its six fields totalling 47 acres.”

The locality is well served by an impressive choice of independent schools, golf facilities, public houses and fabulous local walks. Chetwynd Grove is marketed with a guide price of £1,400,000, call Balfours Estate Agents Shrewsbury office on 01743 353511.

For further details please visit our Property Sales Page.

Chetwynd Grove Main

Chetwynd Grove Garage

Chetwynd Grove Living Room

Chetwynd Grove Kitchen

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Life Balance and Stamp Duty Drive Shropshire Residential Market

03/08/2020

Shropshire’s residential market is enjoying significant market activity of both buyers and sellers.

“We are experiencing a high volume of calls,” says Alistair Hilton, head of sales at Balfours, who explains a desire to move from urban clusters such as Manchester, Birmingham and other cities to the county’s villages and hamlets is very evident.

Alistair explains: “The volume of interest in property for sale in Shropshire, the bordering counties and the Welsh Marches is strong, people have realised they don’t have to be near the conurbations, homeworking can be highly successful and provide the work, life balance people desire too.

“The stamp duty holiday has also had a significant impact on the market. Properties we sell tend to be between £400,000 and £1.5 million therefore there is a substantial saving to be made from the stamp duty cut. It is quite clear buyers are keen to capitalise on that. Not just those seeking a new lifestyle, but those moving through the progression of life, up and down the ladder, he adds.

He says the continuing uncertainty of covid and end of furlough will be reality checks that may have an impact on prices. “We are not witnessing that right now, despite what national doom mongers would have you believe. Every year, month on month growth doesn’t happen organically, it has fluctuations; this year is no different in that respect.

“Currently as the months progress buyers are finding more purchasing power and driving up prices. We will of course be keeping a close eye on the situation.”

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Limited Edition Contemporary Home For Sale in Shropshire

28/07/2020

An enviable location with views across the township of Church Stretton to the surrounding hills is on the market. Number Three, The Donkey Patch is a truly contemporary four bedroom home, where a wrap round balcony ensures opportunities to take pleasure from this panoramic feast.   

 

Enviable Views

Maximising the topography, the porch and entrance hall offer access to each of the ground floor rooms, namely the kitchen, breakfast room, sitting room and study. Both the breakfast room and the sitting room benefit from direct links to the balcony. While glazing is well appointed throughout - the sitting room also benefits from a sleek fitting wood burning stove.

A lower ground floor comprises a utility, large garage, store room, entrance hall and wc, there is a further wc on the ground floor. Four bedrooms and three bathrooms are to be found on the second floor, two of which are en-suite. The master-room optimises those enviable views, while offering a very secluded space.

Church Stretton has a great array of individual shops and restaurants, plus a railway station in walking distance. Add to this the outstanding walking, golf and other sporting opportunities and you have something very special. Balfours sales manager, Ludlow, Scott Kemsley, comments: “This is truly a limited edition location, made more unique as a contemporary home which delivers opportunity to achieve a life work balance. The Donkey Patch is marketed with a guide price of £695,000, call Balfours Estate Agents Ludlow office on 01584 707100.

For further details please visit our Property Sales Page.

3 The Donkey Patch Main

3 The Donkey Patch View

3 The Donkey Patch Living Room

3 The Donkey Patch Kitchen

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Four Bed Impeccable Contemporary Finish

23/07/2020

Fresh, contemporary, with an abundance of natural light, these are the unique selling points of this four bedroom home at Harmer Hill, just six miles from Shrewsbury.

 

Well-lit Contemporary Feel Found at The Pines, For Sale in Shropshire

Three The Pines, is found at Lower Road, Harmer Hill where an active Village Hall, pretty Chapel and local pub provide a thriving social hub, Yorton train station is less than two miles, with regular trains to Crewe and Shrewsbury.

Large and airy, the entrance hall with refined oak doors and bannister sets the scene for the quality associated with this Shingler Homes’ 21st century build. There are four bedrooms, with the guest room and master room, both with en-suite – the master-room serenades with a Juliet balcony. Bedrooms three and four are both of good proportions include fitted wardrobes and share the main bathroom.

Head of sales, Alistair Hilton comments: “One of the jewels of The Pines is its delightful and well-presented modern white gloss kitchen with grey quartz work tops and island. The adjacent dining area benefits from French doors to the terrace and garden. In the lounge a wood-burner and large glazed window offer a well-lit contemporary feel. Throughout this property, the finish is impeccably presented and good to go,” he adds.

An external wc, utility, garage and carport complete this package. Three The Pines is marketed by Balfours Estate Agents Shrewsbury office with a guide price of £450,000. Call 01743 353511.

For further details please visit our Property Details Page.

3 The Pines Main

3 The Pines Garden

3 The Pines Kitchen

3 The Pines Living Room

 

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Stamp Duty Welcome Boost to Economy and Wellbeing

17/07/2020

Home owners still want and need to move house for numerous reasons despite, or in a few cases because of, the pandemic. That’s the feed-back from Shropshire residents to one of the county’s leading estate agents. 

 

Stamp Duty Cut

“The chancellor, Rishi Sunak’s temporary cut in stamp duty is a welcome boost,” says head of sales at Balfours, Alistair Hilton. Since the easing of lock down we have seen a number of sales go through. What we are now hoping is that the stamp duty cut will give a boost of confidence to those considering putting their property on the market. 

The recent announcement which raises the threshold on stamp duty to £500,000 until end of March 2021, should give those who are serious about moving the confidence to make that happen. Changes in stamp duty are nothing new; we have had four changes in the last ten years.

Now a house priced at £500,000 will save £15,000; even at £600,000 the bill will only be £5,000, when it would have previously been £20,000.

“Reading between the lines there is a chance that in next year’s spring budget the Chancellor’s won’t simply return stamp duty to what it was.  For most of us our home is the most expensive and prized purchase we will ever make, so to keep the market moving is not only a critical part of the UK’s economy, but also fundamental to our wellbeing  and therefore one worth nurturing in these difficult times,” Alistair adds.

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