Moveli Magazine (Issue 1 Q4 2021)

E XCEPTIONAL ESTATE AGENTS

Welcome to the first issue As a growing network of highly experienced local estate agents it’s safe to say we are passionate about property. We’re immersed in it every day, talk about it over drinks, read about it, search for it, think about it when we go to sleep and correspond with the owners of it most hours the day affords.

With this magazine we aim to touch the surface of our experience with market commentary from our network across Prime Central, London and the Home Counties alongside interior design, finance, home tech and of course a large dose of property for sale and let.

We believe in a smarter future for estate agency.

The Moveli Team

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Contents 07

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Rock & Rolla

Scene, liked.

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Rolling with the changes in an unpredictable but never uninteresting property market.

What’s caught our eye in the last couple of months. From watches to concrete paper weights.

With lending rates at an all time low what offers are out there for those seeking a mortgage?

46% of Londoners want to move to a rural area

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Properties Browse this months collection of properties from our network of experienced estate agents.

From Kensington and Chelsea to Cobham & Oxshott.

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Rock & Rolla Rolling with the changes in an unpredictable but never uninteresting property market

Josh Woodfin / Property Journalist

ell... where to start. It’s been an interesting year and a half on planet earth.

Practically everyone has had their world turned upside down to varying degrees, and the world of property is no different.

Regardless of whether you’re a buyer, seller, landlord or tenant, everyone has felt the effects of the pandemic. But as the UK emerges into some kind of normality, it’s all to play for as the market moves again, largely driven by the changing demands and aspirations of homeowners and renters alike.

in early 2020. Then, as lockdown was first eased, the market caught fire with pent up demand driving record sales and price increases up and down the UK. Indeed, August 2020 was one of the busiest Augusts’ in the market for years with holidays cancelled everyone turned to their immediate abode and what to do about it. The demand was particularly acute in greener, larger, coastal and commuter towns and there were two words on everyone’s lips: ‘outdoor’ and ‘space’, often used together but exclusively too.

An extremely condensed look at the last 18 months in property might go something like this: When the world was locked down, so was the market.

Virtually all transactions stopped

As it became clear that many people would not be returning to the traditional 9-5, and would be able to work from home more flexibly, many in central London had their eyes turned

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by bigger properties for similar or comparable prices outside of the capital. A survey by Royal London found ​​that when home movers were asked which areas they wanted to move to, 57% of Belfast movers said they wanted to move into a rural area, followed by 53% in Cardiff, 46% in London, 45% in Manchester and 42% in Liverpool.

46% of Londoners want to move to a rural area Second lockdowns in the winter of 2020 slowed proceedings slightly, but at the start of 2021 things really picked up again.

This was of course supercharged

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by the Governments stamp duty holiday, with sellers looking to facilitate a quick sale, and buyers, especially in the lower and mid markets, looking to save themselves a not-insignificant amount of money.

In prime and central London, Q2 2021 saw 36% more properties come to the market than over the same period in 2019. And with buyers pushing to complete before the 30th June stamp duty deadline, both the monthly and quarterly transaction figures set new records. The number of sales was up 140% on the five-year average (2015-2019) and 20% higher than the previous highest month in March 2016 (prior to the 3% stamp duty levy on additional properties).

Data from LonRes perhaps unsurprisingly shows that the highest activity was in the sub £1m market, as buyers here stood to benefit the most from the stamp duty holiday which saw the first £500k of purchase price being tax free. Sales below £1 million rose by 78% in Q2 2021 and in June alone by 177% compared to the five-year (2015 -2019) average.

But whiles prices in the capital

E XCEP T I O N A L E S TAT E AG EN T S

have remained high, London’s growth has been sluggish when compared with other regions, including prime commuter areas all over the South East.

The average price for a property in London in June 2021 was £510,299, according to the Office for National Statistics. This was a £12,603 increase from May 2021’s average of £497,696.

But despite this, there are signs of a return to normality in the market. In August, property prices in the capital and across the UK fell as buyers were distracted by holidays and the push and pull of life. Data from Rightmove shows the average price of property coming to market fell by 0.3% (-£1,076) in August driven by a 0.8% drop in the upper-end typically four-bedroom-plus sector. In contrast, there were new record price highs in the mass-market sectors made up of two-bedroom and fewer first-time-buyer-type properties, up by £1,328 (+0.6%) and three to four-bedroom nextstep homes, up by £975 (+0.3%), where activity remained strong.

This slight downward trend may continue for the rest of the year, with low stock causing some buyers to pull back and see what

78% rise in number of sales below £1 million in Q2 2021

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comes down the line, rather than wade into the not-insignificant pool of buyers who know what they want and will pay to get it: think garden flats for first-time buyers in London, and family homes in commuter towns like Weybridge and Cobham.

Many are obviously hoping for a return to a more normal market, but that may not be on the cards just yet. In a recent report, Zoopla said: ‘The low supply of homes listed for sale, especially family houses, and a limited choice for would-be buyers may well impact demand in Q4 and into 2022, leading to a

Two years in property, in a nutshell

natural slowing in buyer interest as people looking to move wait to find a suitable property before playing their hand. Alongside this, the end of the stamp duty holiday, and the changing economic landscape, with the ending of government support, could also slow the market.

However, this will not be sudden, and people’s desire to upsize and seek green space is still very much a factor, so overall demand will remain stronger than usual. This will also support price growth for the rest of the year. So there’s the possibility of a busy start to 2022, in line with the more traditional, predictable

One of the busiest August property markets ever.

Busy New Year market after conservative win and Brexit ‘done’.

1st National Lockdown. Market stopped as all activity frozen.

Q1

Spareroom reported earlier in the summer that West Central and West London saw the biggest drops in room rents across the city, both down 4% when comparing Q2 2021 with

Housing supply predicted to fall

Stamp duty holiday ends

Property market remained open during subsequent lockdowns

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2020

In the rental market, things have been similarly tumultuous, with renters leaving properties due to changes in employment or a desire for more space during the height of lockdown.

36% more property on the market than Q2 2019 in Prime Central London with all sales below £1m up by 78%

South East prices up +4.7% with London prices down -1.2%

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LO C K D OW N S

seasonal trends, as more normal levels of activity among movers and first-time buyers in the last half of 2021 will result in a slow return of stock levels.

Prices expected to rise

Avg property price down 0.3%

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LO C K D OW N S

2021 Q2

Q3

Q4

Q1

2022 Q2

Q3

Q4

Q1

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98% rental demand up vs supply across South West London year on year Q2 2020. This is closely followed

by East Central, North and the South West – all down 3% yearon-year. In the capital, average rents fell by 2% from £724 in Q2 2020 to £708 in Q2 2021. The biggest drops were recorded in Chelsea (SW3), down 15%, Earls Court/West Brompton (SW5), down 11% and Dulwich (SE21), also down 11%.

But that’s not the end of the story. SpareRoom also noted a recent surge in interest across London, with demand vs supply up 71% year-on-year across the city. While West Central London may have seen the biggest regional drops in rent, it also experienced the biggest increase in demand vs supply (up 191% year-on-year), followed by East Central (up 133%) and the South West (up 98%).

And there are reports of an increase in renters from outside London, including enquiries

from abroad about rental properties, proving that the draw of living in the capital is still very powerful.

Anecdotal reports from agents on the ground also show a strong increase in rental demand with properties being mobbed (in some cases) by tenants keen to secure the right rental. We have found this has led to some price increases of around 5% in rental properties across Southwest London.

In the Home Counties, many Londoners who sold in order to move out have found themselves competing over fewer properties finding themselves in many cases, tenants. This, like the sales market in desirable areas ‘further out’ has led to an increase in demand and prices.

So where do we see the market heading? Higher prices across the Home Counties as

opportunistic sellers capitalise on demand coming out of London, and higher prices in general as the approximate £160 billion of savings built up by the public during the lockdowns combines with historic lowinterest rates.

And finally, higher prices in the flat market in London, which was hit badly during the pandemic. Shifting flats has been difficult to date. But many buyers of such properties (young professionals without children) are now free to work at least partially remotely. Although of course the opportunities that London brings for these people isn’t just limited to job prospects.

So in short - higher prices all around as the market rebounds from the pandemic. It’ll be interesting to see how things have changed for the next issue.

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E XCEP T I O N A L E S TAT E AG EN T S

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You rate that?

Ross Murphy / Capricorn Financial

n recent weeks & months, borrowers looking to secure finance at higher LTV’s have benefited from forces beyond gravity as Banks & Building Societies have looked to ‘sharpen the pencils’.

The ‘Mortgage Guarantee Scheme’ introduced via UK Government from April 2021 has buoyed the marketplace with a raft of lenders falling over themselves to participate: Barclays, HSBC, NatWest, Virgin Money, Halifax etc. Perhaps an unintended consequence of ‘Mortgage Guarantee Scheme’ is the downwards pressure this initiative has placed on rates/ products at 85% LTV & 90% LTV. As it stands, it is possible to secure two year fixed-rates at 2.29% (90% LTV) - approx. 1% lower than rates seen during the height of the Global Pandemic!

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In addition to lower rates at the higher LTV’s, there has been more good news for first-time-buyers as we’ve seen Nationwide BS expand their allowable ‘income multiples’ to approx. 5.5x current levels of basic salary (minimum

£35k) - the only caveat is the requirement to opt for a longer-term fixed-rate product/ structure. Nationwide BS are one of the latest lenders to join the ranks of providers willing to offer ‘5.5x income multiples’ to borrowers: Metro Bank, CYBG, Barclays, Santander, Newcastle BS, Platform Intermediaries - certain providers only look to offer enhanced income multiples to borrowers classified as ‘Professionals’ i.e. Doctors, Lawyers, Accountants etc.

Many lenders are now offering 5.5x income multiples.

And who can forget the headline-grabbing products/ options currently on offer for borrowers able to maintain at least 40% equity in their property? Rates at the lower LTV’s are now at levels never before seen in the UK! Halifax Mortgages & Nationwide BS are clearly eager to snap-up their share of the market as they’re offering five year fixed-rate products less than 1% (with ERC’s/Penalties of up to 5% of

the loan amount it is worthwhile reading the fine-print when it comes to products with extended fixed-rate periods!). Money has definitely never been cheaper and undoubtedly this will help to keep the property market humming despite the recent changes to Stamp Duty Land Tax (30th June 2021).

Fortunately, we’ve also seen a greater willingness from lenders/ providers to accept a higher proportion of ‘non-guaranteed’ income into consideration for affordability purposes i.e. annual bonus income, commission etc. Providing borrowers can evidence ‘non-guaranteed’ income on recent payslips & P60’s –payslips or P60’s received during the COVID period – there are a number of providers that are happy to provide finance/borrowing against this income.

The ‘trifactor’ of more options/ products at higher LTV’s, lower interest rates & improved criteria will be music to the ears for anyone looking to secure mortgage borrowing in the foreseeable future.

Kensington & Chelsea

Jeremy Creasor 25 Years Experience

Jeremy is one of the most experienced estate agents currently working in the Royal Borough of Kensington and Chelsea. He has worked within RBKC for over 20 years and during his time as a residential property agent he has advised over 2,000 homeowners for their property needs and marketed over 1,000 residential properties.

Previous roles include a Senior Valuer for a local boutique

agency and a Director for a large corporate agency. As a local resident, Jeremy’s knowledge of area is second to none which allows him to be on call for his client’s property needs.

Jeremy has extensive experience across both fully marketed and ‘off market’ sales and has been involved with some of the most prestigious apartments and houses in the area. Over the

years he has built long standing and priceless relationships with a huge number of search agents (who work with some of the best buyers searching for homes in the area). It is this, coupled with his unparalleled service that makes him an invaluable asset to have on your side during any property related transaction in the Royal Borough.

Cleveland Square, W2 £2,350,000 FOR SALE

4 Bedrooms Top floor (lift) Fantastic private terrace Beautiful communal gardens 981 Year lease 1,367 sq ft (126.9 sq m)

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Langton Street, SW3 £4,000,000 SALE AGREED

A beautifully presented and extremely spacious five-bedroom family house located just off the Kings Road and a short stroll to the river.

5 Bedrooms 4 Bath/shower rooms West facing terrace West facing private garden 2606 sq ft (242.1 sq m)

Beaufort Gardens, SW3 £3,950,000 FOR SALE

3 Bedrooms 2 Bath/shower rooms Penthouse Share of freehold Period building Private west facing terrace Stunning views Duplex 1432 sq ft (133 sq m)

Queen’s Gate, SW7 £2,595,000 FOR SALE

E XCEP T I O N A L E S TAT E AG EN T S

3 Bedrooms Fifth floor (lift)

Beautifully presented Lateral apartment

2 bath/shower rooms

1446 sq ft (134.3 sq m)

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Redcliffe Road, SW10 £4,000,000 FOR SALE

4 Bedrooms 3 Reception rooms Top floor terrace Secluded rear garden 2546 sq ft (236.5 sq m)

A handsome and impressive four bedroom Victorian family home, situated in an enviable position in this sought after side road in West Chelsea.

Battersea & Clapham

Paul Clappison 17 Years Experience

Paul is a highly experienced sales agent with over 17 years of experience selling property in Southwest London. He is a seasoned professional when it comes to achieving the highest price for your home. Being a local dad living ‘Between the Commons’ for over ten years, his intimate knowledge of the area itself is a great advantage when negotiating with prospective buyers.

Bennerley Road, SW11 £950,000 SOLD

Gorst Road, SW11 £2,990,000 SOLD

3 Bedrooms Share of freehold Excellent condition 1125sq ft (104.5 sq m)

Detached Six bedrooms Three / four bathrooms South facing garden Cellar 3,223 sq ft (299.4 sq m)

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Temperley Road, SW12 £1,500,000 SOLD

4 Bedrooms 38’5 ft south facing garden Large cellar Excellent condition throughout 1,762 sq ft (163.7 sq m)

A superb four-bedroom semi detached house in excellent condition throughout.

Located in one of the most sought after roads within the Nightingale Triangle.

Grandison Road, SW11 £1,750,000 SOLD

5 Bedrooms West facing garden 26ft west facing garden Utility / cellar Extensively updated & refurbished 2,121 sq ft (197 sq m)

Jedburgh Street, SW11 £1,425,000 SOLD

E XCEP T I O N A L E S TAT E AG EN T S

5 Bedrooms 3 Bathrooms Original features

Fully extended and refurbished West-facing garden 1,920 sq ft (178.4 sq m)

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Manchuria Road, SW11 £1,950,000 SOLD

6 Bedrooms South-facing garden Completely refurbished Fully extended 2,876 sq ft (267 sq m)

An exceptional six bedroom property situated ‘Between the Commons’, that has been completely refurbished and fully extended.

Fulham

James Giblin 14 Years Experience

James knows the Fulham property market inside out, having sold homes of all types from studios to six bedroom Victorian houses, from the Peterborough Estate through to Munster Village. His thorough understanding of what it takes to achieve a top price is invaluable.

Langthorne Street, SW6 £950,000 FOR SALE

Felden Street, SW6 £2,500,000 SOLD

3 Bedrooms Private garden Immaculately presented Long Lease 1251 sq ft (116 sq m)

6 Bedrooms Sought after road Good entertaining space Private garden 2,522 sq ft (234 sqm)

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Shorrolds Road, SW6 £2,000,000 SALE AGREED

3/4 Bedrooms 3 Bathrooms (all ensuite) Large garden

Excellent location Freehold house 1,989 sq ft (185 sq m)

An architecturally designed, immaculately presented three bedroom terraced house with a large garden. The property is excellently located for the hubs of both Parsons Green and Fulham Broadway.

Danehurst Street, SW6 £1,050,000 SALE AGREED

2 Bedrooms Private garden Own front door Share of freehold Quiet residential road 1021 sq ft (95 sq m)

Bishops Road, SW6 £1,650,000 SALE AGREED

4 Bedrooms 2 Bathrooms Immaculately presented Freehold House Ground floor utility room/cloakroom 1,691 sq ft (157 sq m)

Hazlebury Road, SW6 £1,700,000 SOLD

E XCEP T I O N A L E S TAT E AG EN T S

4 Bedrooms 2 Receptions South west facing garden

Immaculately presented Popular road 1,917 sq ft (178.1 sq m)

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Earlsfield & Southfields

James Weston 18 Years Experience

Dawnay Road, SW18 £1,000,000 SOLD

With over 18 years experience across both the ”Super-prime” central London and Southwest London areas, including over 11 years in SW18 itself, James has a proven track record spanning both the highs and the lows of the property market.

Previously James held the manager’s position at two high end estate agencies in SW18

Ellerton Road, SW18 £2,000,000 SALE AGREED

and has seen it all when it comes to selling in the area.

This experience has helped him to achieve numerous record prices and sell properties where other agents failed. He lives locally in Earlsfield, has two children, one at Earlsfield Primary School and one at a local nursery, and knows the neighbourhood intimately.

4 Bedrooms Semi Detached South West facing garden Off street Parking 1,302 sq ft (121 sq m)

5 double bedrooms Open plan kitchen/living/dining room Large garden Off street parking 2872 sq ft (266.8 sq m)

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Wilna Road, SW18 £1,175,000 SOLD

4 Bedrooms Office Two bathrooms Fully extended Renovated to a high standard 1,460 Sq Ft (135.6 Sq M)

Aldren Road, SW17 £900,000 SOLD

E XCEP T I O N A L E S TAT E AG EN T S

4 bedrooms Private garden Quiet street

Quiet street Open plan kitchen/living room 1,358 sq ft (126.1 sq m)

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Hendham Road, SW17 £2,000,000 SOLD

5 Bedrooms Stunning ground floor reception space Large garden Close to Wandsworth Common 2,432 sq ft (225.9 sq m)

A beautifully presented house that has been thoroughly renovated and redesigned by the current owners to provide something modern and elegant whilst still retaining period features.

Tooting

Simon Armitage 30 Years Experience

Moring Road, SW17 £660,000 SOLD

Simon is a highly experienced estate agent with over 30 years in the business, working in prime central London for 20 of those in both corporate and independent agencies.

Simon’s straight talking style is refreshingly different and he passionately believes in getting results for his clients. He has

Longley Road, SW17 £600,000 FOR SALE

seen it all when it comes to negotiating home sales and his background across various London markets and conditions makes him an invaluable asset to any seller or landlord.

His local knowledge is also impressive, having lived in Tooting for over 20 years with his wife and two children who attended school locally.

3 Bedrooms Garden Off street parking 989 sq ft (92sqm)

2 Bedrooms Reception room Bathroom En suite shower room Garden 806 sq ft (74.9sqm)

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Dafforne Road, SW17 £1,650,000 FOR SALE Double fronted 6 Bedrooms

Garden

A wonderful and elegant double fronted family home with a wealth of period features and full of natural light.

2,297 sq ft (213.4sqm)

Carlwell Street, SW17 £625,000 FOR SALE

Double reception room Kitchen/breakfast room 2 Bedrooms Garden 963 sq ft (89.5sqm)

Weybridge & Walton-on-Thames

Roberto Ghirardani Gower Road, KT13

10 Years Experience

£800,000 SOLD

Roberto has almost a decade of experience as an estate agent coupled with nearly forty years within the high-end service industry. He is passionate about about providing exceptional service and he uses this skillset with great rapport and solid negotiation to deliver a remarkable service to his clients.

A local resident, he has lived in Weybridge for over 12 years and knows the area with a street by street knowledge. Being a husband and father with two children in a local primary school he also understands what attracts buyers to the area and can speak comprehensively on the benefits to hand.

Oatlands Avenue, KT13 £1,000,000 SALE AGREED

2 Double Bedrooms Large Private Patio South Facing Garden St Georges Hill location 1199 Sq Ft (111.4 sq m)

Development Opportunity Two Apartments Possible Extension (SPP) 3,547 sq ft (329.6 sq m) E XCEPTIONAL ESTATE AGENTS

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Cobham & Oxshott

Mike Wallis 17 Years Experience

Mike has called Cobham home for over a decade. He started his career in property on the high street and worked in several prominent branches before joining a land & new

homes department some years later. Having also worked for a luxury property developer in Wimbledon Village for several years, and a bespoke estate agency for the last five, Mike has

now joined Moveli to continue to provide exceptional service to his clients enabling them to achieve the best outcome whether selling, buying or both.

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Abbotts Drive, GU25 £3,950,000 ACQUIRED FOR CLIENTS

Mike specialises in helping London buyers acquire prime property across Surrey and the Home Counties.

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E XCEPTIONAL ES TATE AGENTS

“Their advice on pricing and how to manage the bids was spot on. They have an excellent modus operandi and I recommend them strongly.”

MR M. G.

James Giblin Fulham

14 Years Experience

Contact us today for expert advice on your sale or let

020 3150 0733 hello@moveli.co.uk

David McGuinness Balham

25 Years Experience

Jeremy Creasor

Melanie Attwater

Kensington & Chelsea

Caterham & Surrey

25 Years Experience

9 Years Experience

Chris Shaw

Mike Wallis

Notting Hill

Cobham & Oxshott

25 Years Experience

17 Years Experience

Paul Clappison

James Weston

Battersea & Clapham

Earlsfield & Southfields

17 Years Experience

18 Years Experience

Chris Price

Roberto Ghirardani

Victoria Park, Mile End & Bow

Weybridge & Walton-on-Thames

11 Years Experience

10 Years Experience

Robert Oatley

Simon Armitage

Pimlico & Westminster

Tooting

16 Years Experience

30 Years Experience

Brett Boyd East Sheen & Barnes

15 Years Experience

4.9 (152)