L a R u e D u C r o c q u e t S t . B r e l a d e J E 3 8 B Z
A r e f u r b i s h e d m o d e r n s a n c t u a r y i n t h e
h e a r t o f S t A u b i n ’ s V i l l a g e , b o a s t i n g t h e
f i n e s t c o n t e m p o r a r y l i v i n g w i t h e v e r y d e t a i l
m e t i c u l o u s l y r e d e s i g n e d f o r c o m f o r t a n d
s t y l e R e c e p t i o n r o o m , d i n i n g r o o m , k i t c h e n ,
4 b e d r o o m s ( 1 e n s u i t e ) , 2 f u r t h e r
b a t h r o o m s , p r i v a t e s o u t h w e s t f a c i n g
g a r d e n s , 2 o u t b u i l d i n g s , g a r a g e a n d
f u r t h e r p a r k i n g f o r 2 c a r s
Asking Price £1.645 million
Q u a l i f i e d
H a r r y P h i l p o t t
01534 722 227 harry.philpott@savills.com
S t A u b i n ' s s h f a m i l y e
C r a s l i n E 3 7 B T
a l l y r e f u r b i s h e d f a m i l y h o m e m o d e r n f e e l a n d h i g h q u a l i t y
t t i n g s P r i n c i p a l e n s u i t e
h w a l k - i n w a r d r o b e ) , 2 f u r t h e r
d i t i o n a l b e d r o o m / s t u d y , i n g / l i v i n g / k i t c h e n a r e a , u t i l i t y u d y , p a v e d t e r r a c e , g a r a g e a l d r i v e w a y p a r k i n g a n d a r d e n
£1.8 million
G e r i O ' B r i e n
01534 722 227 gobrien@savills.com
V i c t o r i a M a r k l a n d
01534 722 227 victoria.markland@savills.com
C o n t e m p o r a r y
r u r a l h o m e
L e C h e m i n D e s M o u l i n s
S t . L a w r e n c e J E 3 1 H Y
T h i s c h a r m i n g h o m e o f f e r s a h a r m o n i o u s
c o m b i n a t i o n o f s l e e k a e s t h e t i c s a n d n a t u r a l
b e a u t y , c r e a t i n g a p e r f e c t s a n c t u a r y f o r
t h o s e s e e k i n g s o p h i s t i c a t i o n a n d t r a n q u i l l i t y 1 r e c e p t i o n r o o m , 4 b e d r o o m s ( 3 e n s u i t e ) , 1
f u r t h e r b a t h r o o m , k i t c h e n , h e a t e d s w i m m i n g
p o o l , d o u b l e g a r a g e a n d s o u t h - f a c i n g
g a r d e n t e r r a c e
Asking Price £2.95m | Rental £10k pcm
Q u a l i f i e d
P r i m e c o a s t a l
l o c a t i o n
L a N e u v e R o u t e
S t . B r e l a d e J E 3 8 B S
M e t i c u l o u s l y r e n o v a t e d h o m e , p e r f e c t l y
p o s i t i o n e d a c r o s s f r o m t h e b e a c h , o f f e r i n g
u n p a r a l l e l e d s e a v i e w s a n d l u x u r i o u s f i n i s h e s
t h r o u g h o u t 2 r e c e p t i o n r o o m s , 4 e n s u i t e
b e d r o o m s , k i t c h e n , g a m e s r o o m , r o o f
t e r r a c e , g a r a g e , a n d a s e l f - c o n t a i n e d
2 - b e d r o o m a p a r t m e n t o n t h e g r o u n d f l o o r
Asking Price £4.25 million
Q u a l i f i e d
St. Helier £420,000
Two Bedroom Apartment With Parking Within Walking Distance To The Beach And Town. Located on the first floor of an attractive Victorian Building, within walking distance to the beach and shops and a choice of restaurants on your door step. This apartment would make a great first step on the property ladder or an ideal buy to let opportunity.
Maillard&co 01534 880880
St Helier £585,000
Forming part of a new purpose built development on the outskirts of town, a beautifully presented 2 bedroom penthouse. Chosen at the start of the build, this is the only one in the block to have it’s own outside area and one of just a few with oversized parking allowing space for 2 medium size cars. From the main rooms are distant roof top views towards Havre des Pas and the sea beyond.
Broadlands - 01534 880770
The two bedroom apartment forms part of a small development of just 14 apartments and offers a good size kitchen-breakfast room, spacious and bright living room and house shower room. The primary bedroom is a generous size and currently home to a super king sized bed. The secondary bedroom would make an ideal children’s room, walk in wardrobe or home office. Included with the property is one allocated parking space and a pretty and well maintained communal patio and BBQ area.
Located on a quiet street yet moments from convenience stores and an easy walk to work this lovely home needs to be viewed. The specification is high with wood floors throughout, fitted blinds and a kitchen with all Bosch appliances. Lift access to all floors makes life easier and communal areas are kept very well.
Places.je #47727
Places.je #50877
Grouville £1,100,000
Situated on small cul de sac and conveniently located close to schools, supermarkets, eateries and just a short distance into Gorey. A detached family home which is presented in immaculate condition throughout with no expensive spare. With accommodation comprising entrance hall, cloakroom, storage cupboard, new fully fitted good size kitchen, dining room onto a large sitting room with multi fuel burner, Master
Wilsons Knight Frank - 01534 877977
St Lawrence £2,950,000
Newly renovated from top to bottom to an exceptionally high standard, this detached 4 bedroom, 3 bathroom property is located in a private close near to the beach. Ground floor briefly comprising: spacious entrance hall leading you through to the large living room and to the dining area, which overlooks the eye catching heated swimming pool. The bespoke hand made, Mark Wilkinson eat-in kitchen overlooks the front gardens with access to the utility room & second kitchen which is strategically
Red Properties - 01534 710710
Bedroom Suite with extensive range of wardrobes and drawers, two further bedrooms and two bathrooms. To the exterior of the property there is parking for four cars, private lawned garden with steps up to a patio area, ideal for alfresco eating. Early viewing highly recommended to appreciate what this property has to offer.
located adjacent to the pool and patio area, ideal for alfresco catering and entertaining. An integral garage gives you direct access into the utility room, plus a plant room. The stunning staircase brings you to the first floor and the large window overlooking the pool continues to keep your attention. First floor comprises of a spacious master bedroom, with ample fully fitted wardrobes, guaranteed to keep any lady of the house happy, plus a stunning ensuite shower room; 3 further double bedrooms (1 ensuite), a house bathroom and various storage cupboards.
Places.je # 49426
Places.je # 50594
St.
1
A DEN OF ZEN
If you’ve ever chosen to walk through the carpark of the Portelet Inn, perhaps to choose the more forgiving route to Portelet Bay for a pizza, then you’ll have walked down La Rue Voisin, a quiet, unassuming road with just a few houses. If you look left, you may have noticed the rather attractive Japanese-eque curved roofline sitting on timber pillars and the glass windows of Gwithian.
Built in 2014, the plan was to create a distinctive contemporary residence. The resulting modernist beauty offers over 4000 sq ft of high-quality accommodation. The curved layout was designed around a central inner courtyard, with expansive use of glass to create a strong connection to its surroundings and to maximise natural light. The property offers a spacious, open-plan living area that flows seamlessly from room to room. The large sitting room is a gorgeous space in any weather, with double-height doors and windows - the very definition of ‘inside out’ living. The kitchen is modern and minimalist with clean
A special mention must be made to the basement level, which offers excellent entertainment space, a gym, a utility laundry room, and a wine cellar, complete with industrial chic that looks like a breakout space in a tech startup.
lines and Corian style work surfaces. The kitchen has seamless access to the garden, perfect for al fresco dining. In addition, a formal dining room is positioned between the kitchen and the inner courtyard.
All four bedrooms are doubles, with the master suite benefiting from a large dressing room and a private decking area with sea views. A special mention must be made to the basement level, which offers excellent entertainment space, a gym, a utility laundry room, and a wine cellar, complete with industrial chic that looks like a breakout space in a tech startup.
Externally, Gwithian is both visually impressive and an extensive yet private space, featuring a gated entrance, low-maintenance garden, hot tub, and heated swimming pool, with generous driveway parking for ample cars plus a double garage.
MORTGAGE market update
Words: Peter Seymour, The Mortgage Shop
The Monetary Policy Committee of the Bank of England will meet on 17th September to discuss whether it is time to further reduce Base Rate that currently stands at 5%.
FURTHER CUTS IN INTEREST RATES
Markets are currently pricing in two more cuts this year which would bring the rate down to 4.5%, with further reductions to follow next year, although economists are being more cautious, suggesting that only one cut will be made, with November being the most likely month once the
MPC has a fuller picture when the UK Budget is delivered on 30th October.
These reductions have been made possible after the annual rate of inflation which reached a 41 year high of 11.1% in October 2022 fell back to the policymaker’s target of 2% in May.
GREAT NEWS FOR BORROWERS
All mortgage providers in the UK have reduced their interest rates during August as a result of the drop in base rate, although their local counterparts took no action to follow suit during that month.
At the start of September however, two lenders announced new lower rates which are yet to have an impact on the system. What is likely to happen is that other lenders in Jersey will now introduce reductions to their portfolios, although I will be unable to comment on these due to print deadlines.
These changes are the best news that the market and in particular borrowers, will have had for several years, although the true value of the reductions will not be felt until next year when further cuts are forecast.
BEST RATES
September August July
2-year Tracker rate 60% LTV 5.5% 5.50% 5.44%
2-year Fixed rate 60% LTV 5.04% 5.34% 5.79%
2-year Fixed rate 90% LTV 5.64% 5.64% 5.49%
5-year Fixed rate 60% LTV 4.54% 4.84% 5.29%
5-year Fixed rate 90% LTV 5.09% 5.14% 5.49%
THE HOUSING MARKET
When mortgage rates peaked several years ago this resulted in the local housing market shrinking dramatically with many properties falling in value by at least 25%.
House prices typically rise when interest rates are cut, although this is unlikely to be the case in Jersey as affordability constraints will continue to be imposed by all lenders until rates have fallen further. This means that house prices will have to continue to fall for the foreseeable future.
PROPERTY FOR SALE
Checking the property portal places.je, there are currently 1685 listings which make interesting reading.
First Time Buyers are well served with a choice of 117 flats that are priced at under £300,000, some with a parking space as well which makes fantastic value, especially when you consider that individual parking spaces are selling for £50,000 in St Helier.
For home movers and families looking for three bedrooms and a garden, then there are 345 properties on the market in the range £500,000 to £700,000. Moving further up the scale, then there are 185 houses for sale in the range from £2m up to £10m.
WHAT RATE TO CHOOSE?
For years, borrowers have tended to play safe by locking into a fixed rate to give them peace of mind.
This frequently works well if you can take advantage of a low rate that can be fixed for five or even ten years at a time when an increase in base rate might be on the horizon, although it is not always possible to get it right.
All fixed rates carry an Early Repayment Charge which, for example, with a five year fixed rate, is usually 5% if the capital is repaid in the first year, reducing 4% if repaid in the second year and so on. With two year fixed, a penalty of 2% will apply, reducing to 1% in year two.
In the present market, the lowest interest rates are fixed for five years which is currently the longest period available, although should rates fall, there is a possibility that the borrower will become trapped in a facility that is going to cost more than it should.
Three and two year fixed rates are also available, with the two year facility currently being the most popular as it offers short term security without the worry of having to pay more for longer once rates have fallen.
Now is the best time in over 4 years to make your mortgage move!
Whether your are a first time buyer, home mover or existing borrower who has a fixed rate coming to an end, now is the perfect time to talk to us about your mortgage.
And with 100s of different mortgages at our fingertips, why not let us do the hard work and shop around to find the best mortgage option that works for you? We won’t stop there, we will be right with you every step of the way, to make sure buying your dream home goes smoothly.
PROPERTY TRANSACTIONS
The latest transactions through the Royal Court
27 July 2024
33 And 35 Pier Road (Now Piermont House) Pier Road, St. Helier £2000000
Maison Du Coin, Maison Du Coin, La Route De St Jean, St. Lawrence £1710000 Gaudin & Co
1 Le Clos De La Forge, La Grande Route De St Laurent, St. Lawrence £1025000
10 La Rue Gallie, De St Martin, St. Saviour £600000
Torquay House, 112 Halkett Place, St. Helier £500000
Apartment 2, Keel House, Green Street, St. Helier £435000
Apartment 11, La Place Labey, La Rue Hilgrove, Grouville £320000
La Tourelle, La Rue Des Nimes, St. Peter £1850000
La Cidrerie, La Rue Des Nimes, St. Peter £1425000
Mole End, 1 Clos De La Porte, La Rue De Cambrai, Trinity £800000
1 La Cheve Rue Cottages, La Chve Rue, St. Mary £595000
A Half Undivided Share In Le Petit Roslyn, La Grande Route De La Cte, St. Clement £500000
11 Highfield Country Apartments, La Route D’ebenezer, Trinity £405000
Corner Store 404, Le Capelain House, La Rue De L’etau, St. Helier £17000
Willow Cottage, La Rue Guerdain, Trinity £1845000
Cherry Blossom (Formerly Called Le Picachon), Le Chemin Du Moulin, St. Ouen £1200000
8 Les Hoummets,La Rue Horman, Grouville £697500
8 La Chasse, St. Helier £560000
Apartment 114, The Limes, Green Street, St. Helier £457500
7 Baycroft Apartments, La Route De La Haule, St. Lawrence £2500000
La Sapiniere (Formerly Strathyre), La Route Des Gents, St. Brelade £1489995 Fine & Country
Blanc Pignon, 2 St Nicholas Drive,, Le Mont Nicolle, St. Brelade £995000 Fine & Country
7 D’hautree Gardens, St Saviour’s Hill, St. Saviour £810000
Gaudin & Co
Busca, 3 Le Clos Des Fourneaux, St. Brelade £730000
Le Maistre Estates
Apartment 14, Magnolia House, La Route De St Aubin, St. Lawrence £580000
Trematon Lodge Cottage, 97 St Saviour’s Road, St. Helier £460000
Flat 2, Forest Lodge, Rouge Bouillon, St. Helier £300000
19 July 2024
1 La Chatelaine De Gouray, 1 La Chatelaine De Gouray, La Route De La Cte, St. Martin £2000000
Golconda, La Route De La Haule, St. Peter £1250000 Fine & Country
Nirvana, 3 Le Jardin De La Reine, La Grande Route De Faldouet, St. Martin £930000
Maison Petite, Les Quennevais Drive, La Route, St. Brelade £770000
Bas Du Mont (Formerly Hillside), Le Mont Pinel, St. Ouen £627500
Apartment 21, Orchard Grove, L’hermitage Gardens, La Route De ..., St. Peter £480000
13 Britannia Place, Bath Street, St. Helier £435000
11 Franchard Flats, Albert Street, St. Helier £300000
2 Clos De La Boucterie, La Rue Des Boules, Trinity £1760000
Les Cornieres, La Rue De La Mare Des Reines, St. Martin £999999
Pasadena (Formerly Brooklyn Cottage), Le Mont Les Vaux, St. Brelade £817000 Wilsons
5 Regents View, St John’s Road, St. Helier £750000
Madrara, Cleveland Avenue, St. Helier £600000
Share 12, 16 Hilary Street, St. Helier £465000
Unit 12, Le Capelain House, Castle Quay, La Rue De L’etau, St. Helier £380000
Apartment 25, Maison Belleville, Wellington Road, St. Saviour £159000
Agents! Don’t forget to claim your sales through our Places admin console and show which properties you sold, just click ‘historic sales’ from your menu and ‘claim’!
