Penarth Market Insight Magazine - Issue #2

P E N A R T H

M ARKE T

INSIGHT

JeffreyRoss INSIGHT MAGAZINE ISSUE #2

PENARTH PRICES

LOCAL DEVELOPMENTS

Detailed statistics on sales & rental prices in Penarth and surrounding areas.

Looking for a new build? Take a look at the latest development in the area ‘THE MOORWELL’.

Cardiff Bay Trail Walk & Penarth Marina

CONTENTS PENARTH INSIGHT MAGAZINE ISSUE #2

EDITOR’S INTRODUCTION

4

AREAS WE COVER

6

PENARTH STATISTICS

8

BARRY STATISTICS

10

SULLY STATISTICS

12

FEATURED PROPERTY

14

DINAS POWYS STATISTICS

22

CARDIFF BAY STATISTICS

24

THE VALE STATISTICS

26

SURVEYS & VALUATIONS

28

FEATURED SALES PROPERTIES

32

LOOKING TO INVEST IN PROPERTY?

36

FEATURED RENTAL PROPERTIES

38

JR GROUP UPDATE

42

GROSVENOR MAY

44

SEEL & CO

46

BLOCK & ESTATE MANAGEMENT

48

NEW DEVELOPMENT

50

DESG CO-WORKING SPACE

52

SOLICITOR INSIGHTS

54

CONSTRUCTION UPDATE

56

JR CLIENT EXPERIENCE

58

Page.3

EDITOR’S INTRODUCTION JEFFREYROSS MARKET INSIGHT

Elliott Hooper-Nash

At JeffreyRoss we strongly believe in providing detailed and up-to-date market insights for the areas of South Wales we cover. This, when accompanied by our team’s passion and expertise, creates a supportive and honest environment which leads to the right outcome(s) for our clients.

These insights are being released online quarterly and will focus on the sales and lettings markets for all areas we cover. In addition our market insights also provide details on exclusive featured properties and expert commentaries on fields such as conveyancing, construction and finance.

We have collated these key statistics so you can gain an insight into what’s happening in your local area for both the sales and rental markets.

We hope you find this information both informative and useful when considering your next move. Keep an eye on our web and social media platforms for when your area’s next issue is released!

This issue will provide information that can help you make informed decisions on your next move in property, whether that be buying, selling, renting or letting - It may even make you reconsider the extension you’ve been contemplating!

Instagram: Facebook: Website:

@jeffrey__ross Jeffrey Ross Estate Agents www.jeffreyross.co.uk

In order to create our ‘market insight’ magazines we have partnered with Dataloft, a data-driven research consultancy, to provide us with cutting edge residential property statistics.

Dataloft use resources from the ONS and Land Registry to compile this data, updated every 4 weeks allowing us to have our fingers on the pulse when it comes to property transactions in all of the areas we cover. Most importantly, it empowers us to not only justify the values we set, but enable clients to see how the market is reacting.

Page.4

Elliott Hooper-Nash JeffreyRoss Director

AVERAGE SALES PRICE ACHIEVED

IN THE LAST 12 MONTHS

£259,909 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£1,027PCM Source: Dataloft

AREAS WE COVER JEFFREYROSS PENARTH BRANCH

Penarth

Barry

Sully

Penarth is a wealthy seaside resort and the second largest town in the Vale of Glamorgan. It is also where our latest branch is located and the majority of our branch staff live.

Barry is a seaside resort, with lovely beaches and the resurrected Barry Island Pleasure Park. According to the 2011 census, the population of Barry was 51,502, making it the fifth largest town in Wales.

Sully is a village lying on the Northern coast of the Bristol Channel, midway between the towns of Penarth and Barry and 7 miles from the city of Cardiff. There is a beach, local shop, pharmacy and Post Office situated in the Village.

Houses in Penarth vary from three storey, red brick Victorian houses found Plymouth Rd & Westbourne Rd, to compact stone terraces in Cogan and upper Penarth. Many of these houses were originally large family homes with servants quarters on the top floors, which have now been adapted for multi-occupancy as flats and apartments, though some large houses still remain.

Barry has had a huge amount of investment in recent years, including the development of the waterfront, a retail park and new neighbourhood of Barry featuring modern apartments and houses.

In 2010, the old site at Sully Hospital was converted to a luxury apartment complex, Hayes Point. Other properties in Sully tend to be larger houses and bungalows towards the beach side of South Road with many boasting fantastic views.

Postcode Areas: CF64 1, CF64 2, CF64 3

Postcode Areas: CF62 5, CF62 6, CF62 7, CF62 8, CF62 9, CF63 1, CF63 2, CF63 3, CF63 4

Postcode Areas: CF64 5

www.jeffreyross.co.uk/we-know-penarth

www.jeffreyross.co.uk/we-know-barry

www.jeffreyross.co.uk/we-know-sully

Page.6

Dinas Powys

Cardiff Bay

The Vale

The centre of Dinas Powys still has a mostly unspoiled and almost rural feel, with a large common and a traditional village centre ‘The Square’, which includes a post office and a range of small independent shops, pubs and community facilities.

Cardiff Bay is the coastal corner of Wales’ capital and only a short bus or train ride from the city centre; you can even walk between the two.

Formerly a thriving tidal dockland, famous for exporting Welsh coal to the world, the area is now a vibrant waterfront surrounding the shore of a stunning freshwater lake.

Located immediately to the west of Cardiff between the M4 motorway and the Severn Estuary. The Vale of Glamorgan covers 33,097 hectares 53km of which is on the coastline.

Late 19th century houses contribute to the historic character of the village. Beyond the village centre the streets are residential, primarily single dwelling houses of varying sizes. Britway Court in ‘The Square’, built on the site of a Victorian school, is now a block of apartments and some larger houses surrounding have been divided into flats.

If you’re wondering where to stay in the Cardiff Bay area, there are some really great properties that are popular with young professionals and buy to let investors.

The largest centre of population is Barry followed by Dinas Powys and Llantwit Major. The mainly rural county includes other locations such as the Cosmeston Lakes Country Park, Dyffryn Gardens, Ogmore Castle, Cosmeston Medieval Village, and the Glamorgan Heritage Coast.

Postcode Areas: CF64 4

Postcode Areas: CF10, CF10 5, CF11 0

Postcode Areas: CF5 6, CF61 1, CF61 2, CF62 3, CF62 4, CF62 5, CF62 6, CF62 7, CF62 8, CF62 9, CF63 1, CF63 2, CF63 3, CF63 4, CF63 5, CF71 7

www.jeffreyross.co.uk/we-know-dinas-powys

www.jeffreyross.co.uk/we-know-cardiff-bay

www.jeffreyross.co.uk/we-know-valeofglamorgan

Page.7

AVERAGE SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£464,284 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£1,249PCM Source: Dataloft

Penarth Pier, Penarth

PENARTH STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Jeff Hopkins

*Figures based on actual transactions in the last 12 months

Sales Values: How many homes were sold?

% of sales that were houses

Price change in the last 12 months

Price change in the last 5 Years

What’s the average price per square foot?

274

70.4%

5.2%

28.2%

£339psf

By property type

Detached

Semi-Detached

Terraced

Flats

Average Sales Price

£540,683

£464,174

£345,079

£190,719

Price Change in the last 12 months

5.4%

7.4%

-1.8%

6.8%

% of Market

10.3%

28.8%

32.9%

28.0%

Lettings Values: How much do houses let for?

How much do flats let for?

Rental values have changed by

% of tenants aged between 25 - 29

1.7%

25.9%

Last 12 months

£1,160 Per Month

£995

Per Month

By property type

Detached

Semi-Detached

Terraced

Flats

Average Rent Price (per month)

£1,027

£1,328

£1,246

£995

Price Change in the last 12 months

-3.5%

10.4%

-4.1%

4.6%

Visit www.jeffreyross.co.uk/we-know-penarth for more up-to-date sales and rental figures.

Page.9

BARRY STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Sue Scott

*Figures based on actual transactions in the last 12 months

Sales Values: How many homes were sold?

% of sales that were houses

Price change in the last 12 months

Price change in the last 5 Years

What’s the average price per square foot?

556

86.9%

1.9%

32.5%

£231psf

By property type

Detached

Semi-Detached

Terraced

Flats

Average Sales Price

£367,238

£249,188

£190,134

£144,002

Price Change in the last 12 months

10.2%

-0.4%

-2.4%

19.4%

% of Market

9.9%

23.5%

53.0%

13.6%

Lettings Values: How much do houses let for?

How much do flats let for?

Rental values have changed by

% of tenants aged between 25 - 29

11.4%

18.8%

Last 12 months

£966

Per Month

£735

Per Month

By property type

Detached

Semi-Detached

Terraced

Flats

Average Rent Price (per month)

£948

£1,122

£968

£735

Price Change in the last 12 months

16.7%

8.0%

1.2%

4.1%

Visit www.jeffreyross.co.uk/we-know-barry for more up-to-date sales and rental figures.

Page.10

AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£966PCM Source: Dataloft

AVERAGE SALES PRICE ACHIEVED

IN THE LAST 12 MONTHS

£208K

Barry Island Beach Huts, Barry Island

AVERAGE SALES PRICE ACHIEVED IN THE LAST 12 MONTHS

£383,567 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£1,249PCM Source: Dataloft

Beach Swanbridge Bay, Sully

SULLY STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Paul Davies

*Figures based on actual transactions in the last 12 months

Sales Values: How many homes were sold?

% of sales that were houses

Price change in the last 12 months

Price change in the last 5 Years

What’s the average price per square foot?

71

85.9%

11.8%

37.4%

£383psf

By property type

Detached

Semi-Detached

Terraced

Flats

Average Sales Price

£602,872

£315,829

£223,674

£201,480

Price Change in the last 12 months

18.3%

8.7%

3.4%

1.2%

% of Market

46.8%

25.8%

14.5%

12.9%

Lettings Values: How much do houses let for?

How much do flats let for?

Rental values have changed by

% of tenants aged between 25 - 29

-3.4%

23.5%

Last 12 months

£1,195 Per Month

£866

Per Month

By property type

Detached

Semi-Detached

Terraced

Flats

Average Rent Price (per month)

£1,304

£1,162

£750

£866

Price Change in the last 12 months

8.6%

-22.1%

-3.5%

-0.5%

Visit www.jeffreyross.co.uk/we-know-sully for more up-to-date sales and rental figures.

Page.13

FEATURED PROPERTY PARK ROAD, PENARTH, VALE OF GLAMORGAN, CF64 3BD - £3,000,000 .

8 bedrooms

5 bathrooms

5,798 sq.ft

Arguably, the finest house in a fabulously private location on the finest road in the beautiful seaside town of Penarth. 6,000 sq.ft of fully restored Victorian elegance complimented by modern technology.

Magnificent and stunning semi detached outstanding Victorian house of immense charm & character with superb views of the Bristol Channel. Lovingly restored by the present owners to retain its features of a bygone era combined with smart technology. Set in the largest plot on Park Road with extensive grounds.

Technologically includes smart control 4 system for lighting, heating, security and surround sound with Sonis speakers throughout certain rooms.

Beautifully presented throughout. Complimented with renovated and fully restored sash windows including double glazing throughout, central heating including under floor heating to the kitchen & C.C.T.V. system installed. Boasting a stunningly bespoke kitchen with Gaggenau 200 appliances designed and installed by the award winning Project One of Penarth who also designed the master bedroom and en-suite.

Ross Hooper-Nash

Externally the property is approached by electric gates with a sweeping drive providing off road parking for numerous vehicles and leading to the double garage.

With large lawns to the front and rear plus the large enclosed paved patio. At the far end of the garden planning was granted for a 3 bedroom dwelling.

Our area specialist Ross commented: “At JeffreyRoss we are privileged to handle the sale of many wonderful homes, but every now and then we are asked to sell something very special.

As you walk through the beautifully presented property, it is apparent that no expense has been spared with great attention to detail and exquisite taste throughout.”

If you have something special to sell in Penarth or in other surrounding areas, please contact Ross: Telephone: Email:

029 2041 5161 ross@jeffreyross.co.uk

Additional features include electric gliding curtains to the kitchen & master bedroom, surround sound with Sonis speakers. This incredible home boasts 8 double bedrooms with 5 bathrooms plus 3 elegant living rooms, cloakroom plus the stunning kitchen with utility room in addition to a 3 room basement cellar to include a wine cellar.

Ross Hooper-Nash JeffreyRoss Director

Page.14

L E S S TA L K , M O R E . . .

AUCTION SELL YOUR PROPERTY QUICKLY AT OUR NEXT AUCTION

Visit auctions.seelandco.com to view our latest auction lots

by JeffreyRoss

PROVIDING 24/7 SUPPORT AND ACCESS TO ALL OUR CLIENTS

WE PRIORITISE OUR CLIENT EXPERIENCE Whether you’re a seller, landlord or tenant, PropertyFile gives our clients 24/7 access to any information they may need on their property all in one place.

Our outstanding lettings team were awarded back-to-back British Property Gold Awards for best letting agent in Cardiff (2021-22 & 2022-23).

DINAS POWYS STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Paul Davies

*Figures based on actual transactions in the last 12 months

Sales Values: How many homes were sold?

% of sales that were houses

Price change in the last 12 months

Price change in the last 5 Years

What’s the average price per square foot?

65

95.4%

5.8%

31.4%

£321psf

By property type

Detached

Semi-Detached

Terraced

Flats

Average Sales Price

£662,064

£392,472

£241,329

£217,141

Price Change in the last 12 months

13.9%

5.6%

-6.2%

27.2%

% of Market

24.6%

41.0%

31.1%

3.3%

Lettings Values: How much do houses let for?

How much do flats let for?

Rental values have changed by

% of tenants aged between 40 - 49

-17.2%

33.3%

Last 12 months

£945

Per Month

£1,294 Per Month

By property type

Detached

Semi-Detached

Terraced

Flats

Average Rent Price (per month)

£1,236

£809

£1,250

£1,294

Price Change in the last 12 months

-15.4%

43.2%

-3.4%

48.6%

Visit www.jeffreyross.co.uk/we-know-dinas-powys for more up-to-date sales and rental figures Page.22

AVERAGE SALES PRICE ACHIEVED

IN THE LAST 12 MONTHS

£376,217 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£945 PCM Source: Dataloft

Cottages, Dinas Powys

AVERAGE FLAT RENT ACHIEVED IN THE LAST 12 MONTHS

£1,009 PCM Source: Dataloft

HIGHEST SALES

PRICE ACHIEVED

IN THE LAST 12 MONTHS

£194,757

The Pier Head, Cardiff Bay

CARDIFF BAY STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Sue Scott

*Figures based on actual transactions in the last 12 months

Sales Values: How many homes were sold?

% of sales that were houses

Price change in the last 12 months

Price change in the last 5 Years

What’s the average price per square foot?

173

16.8%

1.0%

7.3%

£249psf

By property type

Detached

Semi-Detached

Terraced

Flats

Average Sales Price

£332,709

£224,876

£299,773

£183,291

Price Change in the last 12 months

13.5%

-16.5%

1.2%

1.4%

% of Market

1.3%

3.3%

9.3%

86.0%

Lettings Values: How much do houses let for?

How much do flats let for?

Rental values have changed by

% of tenants aged between 25 - 29

7.7%

30.9%

Last 12 months

£1,009 Per Month

£1,057 Per Month

By property type

Detached

Semi-Detached

Terraced

Flats

Average Rent Price (per month)

£997

£1,450

£974

£1,057

Price Change in the last 12 months

0.1%

43.1%

7.4%

8.4%

Visit www.jeffreyross.co.uk/we-know-cardiff-bay for more up-to-date sales and rental figures Page.25

THE VALE STATISTICS BASED ON SALES & RENTAL FIGURES FOR THE LAST 12 MONTHS Jeff Hopkins

*Figures based on actual transactions in the last 12 months

Sales Values: How many homes were sold?

% of sales that were houses

Price change in the last 12 months

Price change in the last 5 Years

What’s the average price per square foot?

1008

90.9%

-0.5%

31.4%

£264psf

By property type

Detached

Semi-Detached

Terraced

Flats

Average Sales Price

£459,207

£272,257

£195,332

£156,131

Price Change in the last 12 months

3.1%

3.0%

-2.2%

14.4%

% of Market

26.4%

24.5%

39.6%

9.5%

Lettings Values: How much do houses let for?

How much do flats let for?

Rental values have changed by

% of tenants aged between 40 - 49

9.0%

19.2%

Last 12 months

£987

Per Month

£740

Per Month

By property type

Detached

Semi-Detached

Terraced

Flats

Average Rent Price (per month)

£995

£1,075

£903

£740

Price Change in the last 12 months

12.9%

6.2%

0.9%

4.6%

Visit www.jeffreyross.co.uk/we-know-valeofglamorgan for more up-to-date sales and rental figures.

Page.26

AVERAGE SALES PRICE ACHIEVED

IN THE LAST 12 MONTHS

£259,829 AVERAGE HOUSE RENT ACHIEVED IN THE LAST 12 MONTHS

£987 PCM Source: Dataloft

Hensol Castle, The Vale of Glamorgan

IN THE LAST 12 MONTHS WE’VE ACHIEVED

98.4%

OF OUR CLIENTS ORIGINAL ASKING PRICES Source: Dataloft

SURVEYS & VALUATIONS ACCURATE VALUATIONS & SURVEYS BACKED BY RICS

The Cardiff and South Wales market is currently booming and has seen unprecedented growth, within the last 5 years especially, due to out-of-town buyers.

Property is likely to be one of your most valuable assets, so it is essential that you understand what you’re buying and what it’s worth.

When a property is marketed at the right price it should only take a few weeks to sell, however some agents have a tendency to overvalue properties in order to secure your business. This can have a catastrophic effect, not only to your own sale time but to the overall property market.

Time is vital when selling a property. An overvalued property will not get the traction it deserves and this can also create the impression that something is wrong with the property if it remains on the market too long. Your agent will more than likely then ask you to reduce your price as a form of resolution.

Lee Bryce

OFFERING EXPERTISE AND ADVICE We offer a whole host of property valuation services and products, each best suited to a particular need.

We can advise on and conduct a wide range of RICSbacked valuations and surveys to ensure you have the best information available about your property.

Whether you are looking to mortgage or remortgage, need a valuation due to a land or matrimonial dispute or want to agree a fair value between tenant and landlord, we are here to help.

If you would like to arrange an accurate valuation, please contact our RICS Registered Valuer Lee on: Telephone: Email:

02920 370 100 lee.bryce@seelandco.com

Survey is a crucial stage of the selling/buying process. When a property falls through due to a down valuation the property may need to be re-marketed, and this means starting the selling process again.

In our experience, more properties fall through due to down valuation than any other issue. At JeffreyRoss we utilise the same valuation research a surveyor does and do not tie our clients into lengthy contracts.

Lee Bryce BSc Assoc RICs & RICs Registered Valuer

Page.29

NEW BRANCH SALE F R E E & AVA I L

E S P R E S E N TAT I O N S LABLE ONLINE

W H AT ’ S F E AT U R E D I N S I D E ?

Our latest Sales Presentation outlines the services we provide as well as the various resources we utilise to help our clients accomplish their next move in property.

Scan the QR Code on the right t o read the latest Penarth Branch Presentation.

FEATURED SALES PROPERTY SWANBRIDGE ROAD, SULLY, PENARTH, CF64 5UF - £865,000 .

4 bedrooms

2 bathrooms

2690 sq.ft

Situated upon a large corner plot with 2 very large gardens and exceptional off road parking. Substantial detached property boasting almost 2,700 square footage of versatile living space.

Beautifully presented internally. Briefly comprising a spacious entrance hall, ground floor cloakroom, lounge, living room and dining room, stunningly refitted quality kitchen - fully integrated with island, large utility room plus to the first floor there are 4 large double bedrooms - master with en-suite shower room plus family bathroom and separate cloakroom.

Page.32

Paul Davies

Added extra’s are log burner in the lounge plus CCTV cameras externally. To the left of the house a southerly facing large lawn and to the right a 2nd lawn plus large decked area including a sunken Hot Tub. Catchment for the popular Sully Primary & Stanwell Secondary Schools. Viewing highly recommended.

For more information about this property, please contact our area specialist Paul on: Telephone: Email:

029 2041 5161 paul.davies@jeffreyross.co.uk

26 Boverton Street, Roath, Cardiff, Glamorgan, CF23 5ES

5 bedrooms

4 bathrooms

5251 sq.ft

FEATURED SALES PROPERTIES:

Dunster Drive, Sully, Penarth, CF64 5TN - £585,000

4 bedrooms

1 bathrooms

1453 sq.ft

Glebe Street, Penarth, CF64 1EG - £500,000

4 bedrooms

2 bathrooms

1654 sq.ft

Victoria Road, Penarth, CF64 3HY - £650,000

2 bedrooms

2 bathrooms

1208 sq.ft

Grove Place, Penarth, CF64 2ND - £465,000

3 bedrooms

1 bathrooms

1349 sq.ft

LOOKING TO INVEST IN PROPERTY? OUR TEAM OF AREA SPECIALISTS CAN HELP!

As investments go, historically property has been a strong and developing market. However it’s important to have a clear understanding on matters such as market value, legislation laws and licensing etc.

Through each collaboration, we share our expertise and resources, so you have all the information you need to make the best decision. Our aim is to build a trusted relationship with you so that, for every property transaction you make, we’ll be the first people you call.

WITH YOU EVERY STEP OF THE WAY Being a landlord is an exciting venture, but it is crucial that the right amount of time and attention is provided to ensure your success (and maximised profit).

At JeffreyRoss we’ve guided numerous clients through the process, so if you’re looking for specialist advice then look no further. Our property experts would be delighted to chat through your position and give you as much support as you need throughout.

JeffreyRoss INSIGHT MAGAZINE ISSUE #2

B O O K YO U R F R E E R E N TA L VA L U AT I O N Call 029 2049 9680 or Email info@jeffreyross.co.uk

tel: 02920 370129 email: info@desg.co.uk web: www.desg.co.uk

Voted Cardiff’s Best Co-Working Space Hot-Desks, Meeting Rooms, Breakout Spaces and much more.

Scan the QR code to reserve your desk today.

FEATURED RENTAL PROPERTY PICTON, WATKISS WAY CARDIFF BAY, CARDIFF, CF11 0SG - £1,500(PCM) .

3 bedrooms

2 bathrooms

1214 sq.ft

An immaculately presented 9th floor, that offers lovely balcony views over the Bay and Penarth. The apartment has been stylishly furnished and provides large living space with access onto the balcony. The living space is bright and airy from the amount of windows and door access to the balcony and offers tasteful and excellent quality furnishings.

The property further benefits from a modern-fitted kitchen with integrated appliances (including a dishwasher), three double bedrooms with fitted wardrobes in two of them and ensuite shower room to the master bedroom.

Page.38

Lisa Attwell

EPC Rating: C

Tax Band: G

The property also offers allocated parking spaces, secure gated entrance and 24 hour concierge.

An immaculate apartment, Water rates included For more information about this property, please contact our area specialist Lisa on: Telephone: Email:

029 2041 5161 info@jeffreyross.co.uk

26 Boverton Street, Roath, Cardiff, Glamorgan, CF23 5ES

5 bedrooms

4 bathrooms

5251 sq.ft

FEATURED RENTAL PROPERTIES:

Grants Field, St. Nicholas, Cardiff, CF5 6SE - £1,300(pcm)

3 bedrooms

1 Bathroom

914 sq.ft

Pill Street, Cogan, Penarth, CF64 2JS - £1,100(pcm)

2 Bedrooms

1 Bathrooms

716 sq.ft

Pill Street, Cogan, Penarth, CF64 2JS - £1,250(pcm)

2 Bedrooms

1 Bathrooms

613 sq.ft

Flatholm House, Ferry Court, Cardiff, CF11 0JB - £950(pcm)

1 Bedrooms

1 bathroom

526 sq.ft

JR GROUP UPDATE INTRODUCING GROSVENOR MAY

JeffreyRoss was originally founded in 2008 as ‘City Abode’, a start up lettings business that sub-let the rear office from Jeff Hopkins of Adobe. Our founder Ross Hooper-Nash identified a gap in the market for high end lettings across Cardiff city centre and ear marked Pontcanna as the first area to target.

What he couldn’t have foreseen was the financial crash of the sales market in 2008 due to over valuation and 110% mortgages which ultimately lead to the increase in rental properties coming to the market. People still had to move, but weren’t prepared to do so at a loss by selling.

Due to an uptake in the names ‘Abode’ and ‘City Abode’ being used by many other businesses nationwide, the need for a name change was triggered. After weeks if deliberating, it was decided that even though they weren’t business partners, it would be mutually beneficial to use both the names of Jeffrey and Ross to create ‘JeffreyRoss Limited’ as one upmarket brand.

Shortly after, Ross had the opportunity to expand to an equally sought after location the other side of the Centre, giving him his first shop front and a foot into another key demographic in Cardiff.

After establishing the brand and reputation across Cardiff, it was time to expand further with the acquisition of one of Cardiff’s oldest auctioneers and estate managers ‘Seel&Co’ in 2019 helped create synergy between the two companies.

Lockdown 2020 saw Ross expand the group further into commercial rentals via a new office and hot desking company called ‘Desg’. Once Covid restrictions were lifted, the commercial office space company quickly filled and includes Tenants that could further bolster the industry, from major construction companies, planning to PR, Quantity Surveyors and Architects.

Page.42

Ross Hooper-Nash

In late 2023 JeffreyRoss began its venture into the world of financial services with the addition of ‘Grosvenor May Financial Services’.

Becky Hughes, Grosvenor May: “At Grosvenor May we provide tailored advice for all mortgage and protection needs. We ensure that our customers priorities and circumstances (both now and in-future) are fully understood before making any recommendations.

With over 35 years in the industry you’ll be in safe hands with our experienced team members.”

The future is exciting with further planned expansion, but ensuring we retain the core goals at heart, which is providing excellent customer service maintaining our fundamental values, justified valuations, exceptional marketing and honest advice.

To this day we do not believe in tie in contract periods or getting paid until we have fulfilled our obligation to our clients, allowing us to retain some extremely loyal clients over the last 15 years and how we will endeavour to continue as we develop and evolve.

Telephone: Email:

029 2049 9680 ross@jeffreyross.co.uk

Ross Hooper-Nash JeffreyRoss Director

Wellfield Road, Roath

GROSVENOR MAY STRAIGHTFORWARD FINANCIAL ADVICE TO MAKE YOU SMILE

At the moment many people are concerned about mortgage rates and the rising cost of living. Which has lead to many questioning whether to move home or renovate their current.

Having launched in July 2023, Grosvenor May are proud to offer customers a variety of services that are corroborate by our staffs’ 35+ years experience.

We’re able to save you time and money by searching the mortgage market to find the best deals that suit both your current circumstances and future priorities.

At Grosvenor May we offer a range of services including, but not limited to - Residential purchase, re-mortgage, product transfers, buy-to-let in personnel & limited company names, HMO, multi unit lets, let-tobuy, holiday lets, self build, new builds.

Although property prices are falling its worth noting that the average price is still £40,000 or 17% above pre-pandemic levels.

FINANCIAL MARKET UPDATE Recently the Bank of England voted to keep the base rate at 5.25%. Rates have been rising since late 2021 with 14 successive increases.

If you are seeking financial advice or would like more information on Grosvenor May, please contact: Telephone: Mobile: Email: Website:

As an independent financial adviser we are able to search the whole of the market, meaning that we have access to over 115 different mortgage lenders. This ensures that we can support you with every application type and find the best options available for you.

HOUSING MARKET UPDATE: Data collected from Halifax shows that the average house price is down to £279,569. Marking September 2023 as the fifth consecutive monthly decline, and the largest monthly fall since last November (according to the lender’s latest House Price Index).

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Becky Hughes

Becky Hughes Mortgage Advisor

029 2167 2480 07947 952 090 becky.hughes@grosvenormay.co.uk www.grosvenormay.co.uk

AVERAGE % OF LOTS SOLD WITHIN THE LAST 12 MONTHS

81.9% Source: EIG Auctions

TOTAL SALES FROM AUCTIONS

IN THE LAST 12 MONTHS

244

SEEL & CO AUCTIONEERS & PROPERTY PROFESSIONALS

Huw Edwards

At Seel&Co we pride ourselves on being record breakers, money makers and friendly property people. Looking for auctioneers, surveyors and block management with a difference? Look no further. We’re the best in South Wales.

Seel & Co Ltd is a member of and regulated by RICS and is governed by its professional code of conduct and strict rules on handling Client monies. They are also authorised and regulated by the FCA and can arrange general insurances for Clients at very competitive rates.

Established in 1898, we are one of the largest independent property specialists, estate agents and chartered surveyors in Cardiff and South Wales.

Our family run business is built on traditional values delivered with a modern approach and great service.

Whether you are a seller or buyer, renting or a landlord, leasehold owner or management company we offer all the advice and services you could need under one roof.

For more information about any of the professional services Seel & Co provide, please contact: Telephone: Email: Website:

029 2037 0117 auctions@seelandco.com www.seelandco.com

WE LIKE TO SHAKE THINGS UP Even though we have our modern values, we stop at nothing to make the world of property that little bit different. We are keen to challenge the status quo when it comes to auctions, lettings and more.

Acquired by the JeffreyRoss Group in 2019, the company has gone through significant changes to become one of the most experienced and forward thinking property firms in the UK.

Huw Edwards Head of Auctions & Auctioneer

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BLOCK & ESTATE MANAGEMENT KEEPING THINGS RUNNING SMOOTHLY FOR YOUR PROPERTY

Karl Reid

PROPERTY BLOCK MANAGEMENT SERVICES

MANAGEMENT FEES

Seel & Co Ltd is a long established family firm of Chartered Surveyors providing bespoke Apartment Block Management and Estate Management services to our clients using a dedicated team of professionals.

Our fee for administering the management of a block of flats would vary with the complexity of the site and number of units to be managed.

Using specialist software geared to the management of service charge accounts we work with you to ensure that all your responsibilities under your Lease and Statutory Legislation are properly met.

We provide a personal, efficient and comprehensive service to our clients and it is the quality of that service that is one of the most important criteria for us to achieve.

ASK US ANYTHING

Please be advised that some services fall outside day-to-day management of the site and may incur additional charges as and when necessary and in agreement with the Client. Any additional charges may be negotiable.

Contact us for a bespoke management fee, tailored to your property and needs.

Telephone: Email: Website:

029 2037 0100 karl.reid@seelandco.com www.seelandco.com/block-management/

Excellent communication, careful selection of service providers and regular monitoring of your property ensures a high-quality of service and value for money, as well as allowing us to understand any specific needs your property may have.

Providing expert advice regarding future budgeting, planning maintenance projects and providing adequate levels of reserves for a site are essential aspects of estate or block management.

Strictly governed by both the Royal Institution of Chartered Surveyors, ARMA and the Financial Conduct Authority, all client money is held under the Clients Protection Scheme and accounted for daily.

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Karl Reid Associate Director

WE MANAGE

OVER 100

DEVELOPMENTS THROUGHOUT THE UK

ARE YOU LOOKING FOR A NEW BUILD? CHECK OUT OUR FULL LIST OF PROPERTIES ON OUR WEBSITE: www.jeffreyross.co.uk/new-homes

The Moorwell, Windsor Road, Penarth

NEW DEVELOPMENT THE MOORWELL, WINDSOR ROAD, PENARTH, CF64 1JL

Sarah Bunting

JeffreyRoss are proud to bring to the market The Moorwell, a selection of 12 unique and executive apartments located in one of Cardiff’s most popular destinations. Built in the 1920s, the Art Deco building has been a recognisable Penarth landmark ever since and a key feature of the town.

PRICES FROM £365,000 - £415,000

The apartments have been carefully consider to ensure that all have access to communal or their own outside space as well as secure underground Parking and lift access to the upper floors. This executive development is made up of 4 different apartment types, but all have their own unique attributes.

For more information about the The Moorwell development, please register your interest:

Viewings are strictly by appointment only. If you would to view or reserve a property in this stunning development, please contact the JeffreyRoss team on the below contact details.

Telephone: Email: Website:

029 2041 5161 info@jeffreyross.co.uk www.themoorwell.com

The Moorwell is a modern build, keeping the Art Deco character of the original building and incorporating the theme subtly throughout the design. Internally, the apartments and duplexes provide luxurious, yet practical layouts with personal and communal outside space as well as secure underground car parking and lift access to the upper floors.

All apartments have access to the Courtyard / Yoga lawn. The property is offered to the market with no ongoing chain and would make a great place to live or investment given the rental potential they offer on both long and short terms lets.

Sarah Bunting JeffreyRoss Head of Sales

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DESG BESPOKE SERVICED OFFICES, HOT DESKING & EVENT HIRE

Desg™ is Cardiff’s award-winning co-working space and private office community. We offer a stylish, balanced and mindful environment where companies and individuals can work, meet, and collaborate.

Our Pontcanna building is lined with picture windows providing a beautiful view out to Llandaff Fields, connecting you with one of Cardiff’s most expansive green spaces for easy screen breaks & strolls. Just a few steps away you’ll also find many of Pontcanna’s popular cafes, deli’s, pubs & restaurants.

Our private offices range in size from 2 – 20+ persons (up to 2,500sq ft plus breakout spaces) and benefit from 24hr access in addition to the in-house gym, showers, members lounge & car parking.

BECOMING A DESG MEMBER If you choose to become a registered member of Desg, your account will be credited with “Desg coins”. The coins are automatically used at checkout when you book your unlimited hot-desks throughout the month.

To book a space, scan the QR code below, or contact a member of staff on; Telephone: Email: Website:

We pride ourselves on creating a collaborative and supportive community that often holds breakfast clubs, live event screenings, showcases and events in our members lounge for all tenants and members.

You are welcome to walk-in and arrange your hot desk once you arrive, however we cannot guarantee availability in this case.

Walk-ins still need to complete the same process as seen online so we recommend you do this before you come and save yourself some time.

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Lou Quinn

Lou Quinn Desg Concierge

029 2037 0129 info@desg.co.uk www.desg.co.uk

Desg, Penhill Road, Pontcanna

SOLICITOR INSIGHTS THE LATEST ON CARDIFF’S PROPERTY MARKET

The Cardiff property market has seen some remarkable changes since the beginning of 2023, despite the challenges posed by the economic downturn and the fluctuating interest rates.

Our multi award winning conveyancing department here at Howells Solicitors has been closely monitoring the trends and developments in the local area (and further afield) and is pleased to share its insights and analysis with Jeffrey Ross Estate Agents, a longstanding and valued partner of Howells.

According to the latest data from the Land Registry, the average house price in Cardiff has decreased by 2.3% in the first half of 2023, compared to the same period in 2022. This is slightly lower than the national average of 2.7% and reflects the resilience and attractiveness of the Welsh capital as a place to live and invest. The decrease in house prices has also created some opportunities for first-time buyers and investors, who can benefit from lower mortgage rates and more affordable properties.

The Cardiff property market, however is not without its challenges. The economic uncertainty and the impact of the Covid-19 pandemic have affected the demand and supply of properties, as well as the confidence and expectations of buyers and sellers. The conveyancing process has also become more complex and time-consuming due in particular to the increased scrutiny and regulation of mortgage lenders. Despite the negativity in the media, we are confident that the market will bounce back sooner rather than later and month on month we are seeing an increase in clients instructing us to act for them in their property sale and purchase transactions.

Mick Fallon

That is why it is essential to have a trusted and experienced conveyancing partner, who can guide you through every step of your property transaction, from offer to completion. Howells Solicitors has been providing expert conveyancing services in Cardiff for over 25 years and has won multiple awards for its excellence and innovation. Whether you are buying or selling a property, Howells Solicitors can offer you a fast, efficient and hassle-free service, with fixed fees and no hidden costs.

Howells Solicitors is proud to work with Jeffrey Ross Estate Agents, one of the leading estate agents in Cardiff, who share our commitment to quality, professionalism and customer satisfaction. Together, we can help you achieve your property goals in Cardiff. whatever the market conditions. Contact us today for a free quote or a no-obligation chat about your conveyancing needs.

Mick Fallon Director / Solicitor

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CONSTRUCTION UPDATE WHAT’S THE CURRENT STATE OF BUILDING COSTS?

It is generally accepted across the Construction market that the cost of materials have now increased by some 25-30% since last summer, with some key construction materials (concrete, steel and timber) increasing by more than 50%. This incredible acceleration in material costs has not been seen for some 40 years in the UK market and is putting severe pressure on an already fragile sector.

This may lead to you wondering whether undertaking home improvements is the best of ideas, or whether moving is the better option? I’ll leave far more qualified individuals to advise on the housing market, but from a construction point of view it is fair to say that the market is definitely in a challenging place and waiting 6 to 12 months may well see the market in a far more settled position.

That being said, if getting works undertaken on your house cannot wait, there are a number of things you can do to try and ensure that your dream extension doesn’t run away in cost, leaving you with a bitter taste. Our advice would be; PLAN - Take time to Plan and Design the works before you start; Its an old adage but “failing to plan is planning to fail”. Ensure that you have agreed on all aspects of the build, from the exact size of the project, the location of key services (bathrooms etc.), right down to the proposed finishes and number of plug sockets! The fastest way to blow a construction budget is to start making changes during the project.

SHOP AROUND - Ensure that the builder you are going to use is reputable and gives you the confidence that they can deliver what you want.

Undertaking work in your house is a deeply personal thing, so you need to ensure that whoever you are entrusting to carry out the works gives you the confidence that they are the right ‘fit’. Simple things are to ask for references, check out their social media, ask if they have any affiliations (FMB etc.)

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Ben Smith

THE CONTRACT - If the builder tells you not to worry about a contract then I would walk away there and then! Having an agreed starting point (both in reference to works and cost) is essential to avoid costly disputes and fallings out. It doesn’t need to be war and peace, but referencing the agreed drawings, the contractors schedule of works and the price is a minimum. Ensure that you agree who is going to be responsible for planning / building control sign off / gaining relevant details and calculations from the Engineer / Architect.

CONTROL - During the build ensure that you keep an eye on progress, and ask for programmes and input into decisions regarding the location of key items. If the contractor is well organised they should be able to provide this level of information easily.

This also relates to the money. Don’t pay up front and ensure that you don’t pay 100% of the cost until you are happy all the works are completed to your desired level of satisfaction.

So whether your looking at a simple extension, or planning the next annex of your property the above is as good a starting point as any.

Ben Smith Chief Executive

JR CLIENT EXPERIENCE WHY CHOOSE JEFFREYROSS TO HELP SELL OR LET YOUR PROPERTY

Elliott Hooper-Nash

OUR AREA SPECIALISTS

JEFFREYROSS PROPERTYFILE

JeffreyRoss’ success has been built on providing an environment which attracts the best area specialists in our locations. In an economy that is powered by knowledge, having access to the right people and the right expertise has been imperative for us.

PropertyFile is our in-house software, designed to aid both our tenants and landlords throughout their property tenancies.

Estate agency is a specialist craft. It takes time and patience to hone the skills needed to understand the true value of property - and to fully understand the needs of buyers and sellers alike.

Max Dixon - Client Testimonial: “As a landlord the team at JeffreyRoss are always happy to sort any issues on our behalf. Our tenants had a central heating boiler issue and within two hours JeffreyRoss’ central heating contractor had gone out and fixed the leaking boiler.

The maintenance team are really lovely and I can strongly recommend their services after trusting them with my property management for over 3 years, and hopefully many more”

The system enables clients to access important documents & information, such as key tenancy dates and invoices. The system also keeps track of your income and expenditure by viewing your statements and invoices online - This is also highly beneficial for landlords when calculating their tax return.

For tenants PropertyFile’s dashboards allows you to report any issues you may have and will provide updates on it’s progression and resolution.

If you would like to discuss the JR client experience further, or have any queries, please don’t hesitate to contact a member of our team on: Telephone: Email: Instagram:

029 2049 9680 info@jeffreyross.co.uk @jeffrey__ross

MARKETING EXPERTISE At JeffreyRoss we provide an extensive range of marketing services that help distinguish our client properties when listed for sale or rent.

Our in-house marketing experts constantly analyse the latest data & trends and re-purpose the high quality videography and photography to advertise our client’s properties in a variety of ways.

We are also one of the few agencies that offer advertising across portals such as Zoopla and Rightmove, as well as our own website.

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Elliott Hooper-Nash JeffreyRoss Director

Straightforward financial advice to make you smile

For mortgage enquiries, scan the QR code below.

ABOUT US

WHAT WE OFFER

At Grosvenor May we provide tailored advice for

Mortgages - First Time Buyer, Remortgage, Buy To

all mortgage & protection needs. Our team make

Let, Moving Home, Product Transfer / New Deal,

sure they understand customer priorities and

Lifetime Mortgage Advice.

circumstances (both now and in the future) before making tailored recommendations to meet their

Insurance & Protection - Critical Illness Cover,

mortgage and protection needs. With over 35 years

Family Life Insurance, Home Insurance, Income

experience in financial services, you'll be in safe

Protection, Mortgage Life Insurance.

hands with Grosvenor May.

CONTACT US

Telephone - 02920 672480 Mobile - 07947 952090

To receive tailored mortgage and protection advice

Email - becky.hughes@grosvenormay.co.uk

personal to you, get in touch with our trusted team.

Website - www.grosvenormay.co.uk

PENARTH’S HOME FOR

STYLISH SALES & LETTINGS

JeffreyRoss www.jeffreyross.co.uk