Archive for March, 2010

A Busy Month for Residential Property Sales

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It’s been a busy month for Quinton Scott’s Residential Sales Team.  Here are  just a selection of properties which have completed this month:

 

Toynbee Road, SW19

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A well presented three bedroom terraced family home located in a conservation area close to Dundonald Park.

 

 

 

 

 

 

South Park Road, SW1973southpark.jpg

A beautiful extended 5 bedroom Victorian family home with separate upstairs study and 2 bathrooms situated in the ever popular South Park Gardens area of Wimbledon.

 

 

 

 

 

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Holly Lodge, Wimbledon Hill Road, SW19

A two bedroom, two bathroom apartment in a gated development located close to Wimbledon Town Centre.

 

 

 

 

 

Lygon Court, Graham Road, SW19lygon_ct_7.jpg

An executive top floor one bedroom apartment situated right in the heart of Wimbledon Town centre.

 

 

 

 

 

 

 

Viscount Point, The Broadway, SW1916_viscount.jpg

A superb two double bedroom first floor apartment in a fantastic central location close to all Wimbledon’s excellent amenities.

 

 

 

 

 

 

Hayes Court, Sunnyside, SW199hayescrt.jpg

A two bedroom penthouse apartment with outstanding panaramic views over Wimbledon and the City.

 

 

 

 

 

 

Simon Philp, Assistant Manager of Quinton Scott’s Wimbledon Village office comments …

 

March has seen a distinct increase in activity with the number of market appraisals increasing quite noticeably In the last few weeks which is now starting to transfer into instructions. The combination of an increase in the number of new applicant registrations and greater selection of properties has also seen the highest viewing figures in months.Since the beginning of the the year we have seen a shortage of good quality instructions and as a consequence several properties have received multiple offers and record prices have been achieved within days of the property coming on to the market. With demand outweighing supply this is proving to be the best market for sellers in the last 2-3 years.”

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March Deals – Commercial

Written By Andrew Scott Robertson | 23 March 2010

Merton SW19

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Clients of Quinton Scott have  sold a 1960’s  20,000 sq ft freehold office & warehouse premises located close to the Tandem Centre to the PSA Group for a consideration close to £2m. The premises have been acquired for expansion.

 

 

 

 

 


 

Merton SW19

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On behalf of LPA Receivers Quinton Scott have sold  Unit 4 The Pavilions a modern 2 storey warehouse and office premises of 3,520 sq ft located at East Road Merton to Axis Plumbers for a consideration of over £400,000.

March Deals – Commercial

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Merton SW19

2_prince_georges_road.jpg

Clients of Quinton Scott have  sold a 1960’s  20,000 sq ft freehold office & warehouse premises located close to the Tandem Centre to the PSA Group for a consideration close to £2m. The premises have been acquired for expansion.

 

 

 

 

 


 

Merton SW19

the_pavillions.jpg

On behalf of LPA Receivers Quinton Scott have sold  Unit 4 The Pavilions a modern 2 storey warehouse and office premises of 3,520 sq ft located at East Road Merton to Axis Plumbers for a consideration of over £400,000.

Commercial – Recent Success

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Blue Fin, Southwark Street, London EC1

blue_fin.jpg

8,000 sq.ft. of Grade A offices acquired on behalf of a plc client.

 

 

 

 

 

Merton Industrial Estate, London SW19

7,500 sq.ft. of industrial/warehouse accommodation acquired on behalf of a wholesale automotive spare parts distributor.

merton.jpg

 

 

 

 

Housing Market – February Update

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New instructions rebound more strongly than buyer enquiries

  • The net price balance remains comfortably in positive territory but drops to 17%
  • Both new buyer enquiries and new instructions rebound from the depressed January levels but the latter does so more strongly
  • Surveyors remain upbeat about both price and sales expectations albeit less so than last month

The February 2010 RICS Housing Market Survey showed surveyors to still be generally positive on price movements in residential property but a little less so than in January. The seasonally adjusted net balance of respondents reporting increasing rather than declining prices fell to 17% in February from 31%.

 

To view the RICS Housing Market Report for February please click on the link below:

http://www.rics.org/site/download_feed.aspx?fileID=6082&fileExtension=PDF

John King, Chairman of Quinton Scott comments:

‘While activity levels have increased, results show a similar number of sales from last month, indicating that both vendors and potential purchasers are concerned about something!.  If March goes the same way as the previous two months then we are in to a ‘slow down’ in the market’.

Housing Market – January Update

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Extreme weather puts a freeze on activity but prices continue to rise

  • The net price balance increased to +32%.
  • The new buyer enquiries, new instructions and agreed sales net balances turn negative due the weather.
  • Surveyors remain optimistic about the short term outlook for both prices and activity.

The January 2010 RICS Housing Market Survey showed an increasing number of surveyors seeing price rises rather than falls. The seasonally adjusted net balance of surveyors reporting rising rather than falling prices rose to 32% in January from 30% and is now only slightly below

November’s recent high of 35%.

However, buying and selling fell during the month; respondents to the survey attributed this to the extreme weather conditions experienced in the early January. The new buyer enquiries net balance fell to -20% (from +18%), the agreed sales net balance fell to -15% (from +19%) and the new instruction net balance fell to -5% (from +15%).

To view the RICS Housing Market Report please click on link below.

http://www.rics.org/site/download_feed.aspx?fileID=5828&fileExtension=PDF

 

John King, Director of Quinton Scott comments:

‘Transactional levels are improving which is further evidence of the recovery.  The top end of the market, circa £3-£5M is in short supply at present and this is fueling Estate Agents’ opiion on value.    Overall a good start to the year’.

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