� PROPERTY SECTION
PROMOTIONAL FEATURE
In my view…
DUKES PLACE MEREWORTH ROAD, WEST PECKHAM
Richard Smith
Director, Residential Sales, Savills Sevenoaks
£2,975,000
The Sevenoaks residential team has got off to a busy start to the year, with twice as many viewings taking place in January and February compared to the same period last year. Last year was a bit dysfunctional with the election taking place in May; it hit the market and had an adverse effect on April as well as most of May, then we were into the summer. However, there seemed to be a better atmosphere in the latter part of 2015 and the market improved dramatically. With values in London beginning to flatline in the last few months, people are starting to come out of London and there has been an increase in activity and more confidence. The market between £500,000 and £1m is a very active section of the market and even at the top end we have secured a number of deals at £2m and £3m so far this year. This has been helped with schemes such as Help to Buy on new build developments in the area, which have had a big impact. We expect the market to remain price sensitive this year and one of the keys to a successful sale is to set the correct price. While there will always be an appetite to buy in this area, applicants are reluctant to view properties they consider overpriced. Many of our current applicants are growing families who want to be near a station and good schools. Properties that don’t need a lot of work are particularly sought after at the moment. For those looking to buy, we are currently instructed on a number of fine properties in all price ranges, and with our research department’s forecast looking positive, now would seem to be an excellent time to buy in our area. Savills Sevenoaks, 74 High Street, Sevenoaks TN13 1JR 01732 789700
newsdesk@timesoftunbridgewells.co.uk
DO YOU HAVE A STORY? Wednesday 16th March 2016
‘The building still retains original features with exposed timbers, oak doors, lattice oak frame windows, fireplaces and vaulted ceilings’