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Demand versus supply - resilient house prices

29/06/2022

House hunting demand is easing for the first time in eight months – yet house prices are set to rise further.

One of the West Midlands leading independent sales agents, Balfours, concurs with figures released by the Royal Institution of Chartered Surveyors RICS, showing a 7% drop in demand in May. Alistair Hilton, head of sales explains: “Demand is relative to supply, we have seen a continuous shortage of supply over the last two years, for that reason the prediction is for house prices to remain strong, at least until the autumn.”

He continues: “Actual sales are likely to mirror the curb in demand in the next three months, thereafter as the cost-of-living bites, property values are likely to plateau – held in suspension by the continuing short supply. Anyone considering launching their home to the market will currently be pleasantly surprised. It is our experience that pent up demand from buyers is by no means satisfied.”

RICS figures reveal a quarter of agents are predicting that the next twelve months will see a reduction in the number of sales. “Yes, house hunters are tightening their belts, on the back of higher interest rates and energy costs, both directly linked to owning your own home.

“However with little prospect of increased housing stocks, house prices are predicted to remain resilient into 2023,” Alistair concludes.  If you would like a complimentary and confidential appraisal of your property call Alistair and the Balfours team on 01743 353511.

The Haven Main

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Five ensuite bedrooms seven acres two external barns

29/06/2022

Crug Farm offers a stunning rural position with panoramic views. This exceptionally desirable, flexible five-bedroom barn conversion dates back to 1811, successfully blending original architecture with 21st century living.

The property is found in an idyllic Site of Special Scientific Interest, beyond a secluded driveway which partially borders the River Lugg. Located near the village of Llangunllo, Radnorshire, local towns include Knighton eight miles and Presteigne 11 miles. It comes with seven and a half acres and two large barns offering opportunities for business or leisure.

Launched to the market by Balfours, the accommodation as currently used comprises of four reception rooms and five ensuite bedrooms. The principal bedroom is on the ground floor and enjoys glazing to three aspects; conversely on the first floor is a stunning drawing room with vaulted ceiling where again glazing to three aspects maximises the stunning views.

The kitchen breakfast room is found off the entrance hall, a cream Aga features, together with a Jerusalem stone floor and Welsh slate worktops. The room offers access to the conservatory and onwards to a second barn with dining room and study. Each of the two barns has two bedrooms on the first floor, each with its own staircase offering opportunities for multi-generational living, or holiday let.

Ludlow sales manager, Scott Kemsley comments: “Crug Farm has been finished to an exceptionally high standard, including solid Oak flooring a galvanised steel and oak staircase and two Clearview woodburning stoves are among its internal fixtures. There is a courtyard for Al Fresco dining with adjacent rose garden, plus stunning formal gardens designed to maximise the stunning views.”

A Dutch style barn is fitted with a utility including wc and heating, the barn also provides store, workshop 50 square metres of garaging, above is an additional 110 square metres of storage – the whole has great potential subject to planning. At the top of the driveway is a second barn, which subject to planning could provide additional scope. Balfours are marketing Crug Farm with a guide price of £925,000, call 01584 707100 for more information.

CrugFarm Main

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Ashford Carbonel, heart of the village four bed house

15/06/2022

The Old Cider House, situated in one of South Shropshire’s most popular villages has been launched to the market by Balfours.

Found in the heart of Ashford Carbonel, this charming four-bedroom property comes with boundless charm and character. Village life includes a primary school in walking distance, vibrant village hall and church. There is also an excellent choice of independent schools. 

Ludlow, renowned for its restaurants, and independent shops, plus racecourse and golf course, is just four miles, while Leominster is ten miles. The county towns of Herefordshire, Worcestershire and Shrewsbury, range between 22 miles and 34, so all very commutable, as is the Midlands and Birmingham.

The reception hall, dining room complete with original Bread Oven, provides a welcome with access to the sitting room, snug and kitchen. Beyond the kitchen is a cloakroom and utility. Agent, Ludlow sales manager, Scott Kemsley comments: “This is the first time the Old Cider House has come to the market in 35 years. It is the most charming property well presented with an empathy for its character features, including beams and inglenook fireplace. What a fabulous address too!”

There are two bedrooms and a family bathroom on the first floor, with a further two bedrooms on the second floor, plus a large landing suitable as a study area. To the rear of the property is a large cottage garden, predominantly laid to lawn with well stocked borders, terrace and seating, plus two garden sheds. To the front of The Old Cider House is a garage with boiler house, plus off-road parking. Balfours are marketing the property with a guide price of £595,000. Call Balfours on 01584 707100.

0164TheOldCiderHouse main

0164TheOldCiderHouse garden

0164TheOldCiderHouse bedroom

0164TheOldCiderHouse sitting room

 

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Demand versus supply - resilient house prices

14/06/2022

House hunting demand is easing for the first time in eight months – yet house prices are set to rise further.

One of the West Midlands leading independent sales agents, Balfours, concurs with figures released by the Royal Institution of Chartered Surveyors RICS, showing a 7% drop in demand in May. Alistair Hilton, head of sales explains: “Demand is relative to supply, we have seen a continuous shortage of supply over the last two years, for that reason the prediction is for house prices to remain strong, at least until the autumn.”

He continues: “Actual sales are likely to mirror the curb in demand in the next three months, thereafter as the cost-of-living bites, property values are likely to plateau – held in suspension by the continuing short supply. Anyone considering launching their home to the market will currently be pleasantly surprised. It is our experience that pent up demand from buyers is by no means satisfied.”

RICS figures reveal a quarter of agents are predicting that the next twelve months will see a reduction in the number of sales. “Yes, house hunters are tightening their belts, on the back of higher interest rates and energy costs, both directly linked to owning your own home.

“However, with little prospect of increased housing stocks, house prices are predicted to remain resilient into 2023,” Alistair concludes.  If you would like a complimentary and confidential appraisal of your property call Alistair and the Balfours team on 01743 353511.

Alistair 2021

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Idyllic location with unique opportunities

10/06/2022

An idyllic location and an open canvas of opportunity awaits at Pen Y Parc, which sits within a 32-acre ring fence. Located two miles from Llanfechain, while Welshpool, Oswestry and Shrewsbury are between 11 and 22 miles.

This 16th century (unlisted) farmhouse, with its spectacular views and exciting potential requires some renovation and total refurbishment, with room for extension. Currently it comprises of a reception hallway, large open plan kitchen living area, two reception rooms and a utility room. On the first floor there are two very generous sized bedrooms with storage cupboards and a bathroom.

Charlie Giffard, Balfours Associate Partner, Country House Sales, enthuses: “This is one of those exceedingly rare opportunities to re-instate this old farmhouse and steading. It occupies an elevated vantage point revealing wonderful views up and down the valley.

“There is a range of particularly useful farm buildings, perfect for repurposing including a large steel framed shed of nearly 275 square metres; a Dutch barn, piggery, a pair of Nissan huts and a brick built stable with loft above, which would have potential as an annex or holiday let. There is also the opportunity to rent more land immediately adjacent should the prospective purchaser wish,” he adds.

Balfours are marketing Pen Y Parc with a guide price of £600,000. For more information call 01743 353511.’’

Pen Y Parc house

Pen Y Parc main

Pen Y Parc view

Pen Y Parc internal

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Rural retreat - sought after location

08/06/2022

Opportunity overflows with this four-bedroom grade II listed home plus potential annexe accommodation, set in over half an acre, in spectacular South Shropshire countryside.

One – Two Bagginswood is in its hamlet namesake, with Stottesdon village just over a mile away. Independent shops and services are to be found at Cleobury Mortimer, four miles and Bewdley and Bridgnorth, some eight miles. Significantly Birmingham and Worcester are just 29 miles and 23 miles respectively.

Scott Kemsley, Balfours Ludlow sales agent comments: “This is an exceptionally pretty, mellow stone four-bedroom house which sits adjacent to a detached barn with possibility of permission for conversion. The opportunity is there to configure exactly as required; multi-generational living, rental income, or indeed as separate workspace.”

The main house is equally charming internally, featuring exposed beams, stonework, and flagstone flooring. The main oak porch leads to the open plan living space incorporating dining area and large lounge with wood burner set in a stone Inglenook. A well-appointed kitchen, utility and cloakroom compete the ground floor.

There is a generous master bedroom on the first floor, echoing period charm and with potential en-suite facilities. A large family bathroom is well equipped with bath and walk in shower, while a double bedroom enjoys a gallery to a study space above. Two more bedrooms are to be found on the second floor together with the galleried study.

Generous garden and grounds extending to 0.67 acres offer space and privacy to this unique package which Balfours are marketing with a guide price of £775,000, call 01584 707100.

0154Bagginswood Main

0154Bagginswood Barn

0154Bagginswood Living room

0154Bagginswood Ariel

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