February

Property Monthly

February 2020

Issue No. 183

Stay Connected!

Property Perfection In Portelet RES001 - £960,000 See Page 10

by

INTRODUCING...

CHRIS SOKRATI

JAMES CUMMING

MARK GRIMES

KERRY PHILLIPS

DIRECTOR 01534 707917 07797 719792

ASSOCIATE NEGOTIATOR 01534 707912 07829 835076

ASSOCIATE NEGOTIATOR 01534 707921 07797 736514

DIRECTOR 01534 707914 07797 825122

chris@thompsonestates.com

jamesc@thompsonestates.com

markg@thompsonestates.com

kerry@thompsonestates.com

Come and see our friendly and professional Mortgage team today.

9 Waterloo Street, St Helier, Jersey JE2 4WT.

Call us on 509501 www.skiptoninternational.com

Skipton is licensed by the Guernsey Financial Services Commission. Skipton abides by the Jersey Code of Practice for Consumer Lending.

To help maintain service and quality, telephone calls may be recorded and monitored.

4

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

NEW

FLYING FREEHOLD

£185,000

STUDIO APARTMENT

St Helier

1

1

0

RES057

NEW & SOLE - 5 AVAILABLE

SHARE TRANSFER

from £245,000

APARTMENTS

St Helier

1-2

1

0

RES085

4 AVAILABLE

SHARE TRANSFER

FLYING FREEHOLD

£239,000

APARTMENT

from £375,000

APARTMENTS

St Helier

2

1

0

RES180

NEW & SOLE - INVESTMENT ONLY - QUALIFIED

SHARE TRANSFER

£369,000

APARTMENT

St Helier

3

1

1

RES051

St Helier

1-2

1-2

1

RES174

www.thompsonestates.com

WEB

FREEHOLD

EMAIL

sales@thompsonestates.com

FREEHOLD

SEMI-DETACHED HOUSE

£395,000

1

0

RES050

£399,950

TERRACED HOUSE

1

FLYING FREEHOLD

£410,000 St Helier

2

1

1

RES045

NEW & SOLE

SHARE TRANSFER

£520,000

APARTMENT

St Helier

2

2

1

5

£459,000

APARTMENT

St Helier

3

NEW

APARTMENT

01534 888855

SHARE TRANSFER

St Helier

2

TEL

RES058

Join us for Year 7 2020 Register by 2 March Entrance exam on 21 March visit: www.victoriacollege.je or email: admin@vcj.sch.je

0

RES128

St Helier

2

2

1

RES026

6

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

2 AVAILABLE

FLYING FREEHOLD

£540,000

APARTMENTS

St Clement

2

2

2

RES198 & RES199

7 AVAILABLE

FLYING FREEHOLD

from £568,000

APARTMENTS

St Helier

2

2

2

RES151

NEW

FREEHOLD SEMI-DETACHED HOUSE

£649,000 St Helier

3

2

5

RES072

SOLE

FREEHOLD SEMI-DETACHED HOUSE

£665,000 St Brelade

4

2

4

RES063

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WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

7

FREEHOLD SEMI-DETACHED HOUSE

£685,000 St Saviour

4

2

2

RES016

FREEHOLD SEMI-DETACHED HOUSE

£695,000 St Saviour

2

1

2

RES068

NEW & SOLE

NEW & SOLE

FREEHOLD

FLYING FREEHOLD

SEMI-DETACHED HOUSE

£715,000 Grouville

3

2

8

RES012

£725,000

GARDEN APARTMENT

St Brelade’s Bay

3

2

2

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RES087

A place you call home

Whether you’re a first time buyer or thinking of moving home, we’re here to help get you there.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Visit your local branch Call us on 01534 282828

View natwestinternational.com

Like @Natwest.Int on Facebook

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The Royal Bank of Scotland International Limited trading as NatWest International (NatWest International ). Registered Office: Royal Bank House, 71 Bath Street, St. Helier, Jersey, JE4 8PJ. Tel. 01534 282850.

Regulated by the Jersey Financial Services Commission. Over 18’s only. Security required. Calls may be recorded.

WEB

www.thompsonestates.com

NEW & SOLE

SHARE TRANSFER

£795,000

LODGING HOUSE

St Saviour

6

5

1

RES061

2 AVAILABLE

FLYING FREEHOLD

from £895,000

APARTMENTS

St Ouen

2

2

2

RES227

2 AVAILABLE

NON-QUALIFIED

from £850,000

APARTMENTS

St Helier

3

3

2

RES108 & RES039

EMAIL

sales@thompsonestates.com

TEL

01534 888855

9

10

WEB

www.thompsonestates.com

NEW & SOLE

FLYING FREEHOLD LUXURY APARTMENT

£960,000 Portelet

3

3

2

RES001

NEW

FREEHOLD

£985,000

DETACHED HOUSE

St Peter

4

3

6

RES009

FLYING FREEHOLD LUXURY APARTMENT

from £1,100,000 St Aubin

2-3

2-3

2

RES185

EMAIL

sales@thompsonestates.com

TEL

01534 888855

WEB

www.thompsonestates.com

SHARE TRANSFER

sales@thompsonestates.com

EMAIL

FREEHOLD

£1,125,000

APARTMENT

3

3

RES094

01534 888855

11

FREEHOLD

£1,380,000

RESTORED CHAPEL

St Brelade’s Bay

3

TEL

£1,395,000

DETACHED HOUSE

St Lawrence

4

4

5

RES022

St Mary

5

5

4

RES082

SHARE TRANSFER

£1,150,000

APARTMENT

St Brelade’s Bay

3

2

2

RES070

FLYING FREEHOLD PENTHOUSE APARTMENT

£1,495,000 Portelet

3

2

RES035

Stay cool, calm & protected Your home and its contents are covered by Jersey Mutual

®

Est Est 1869 1869

No endless phone queues, no stalling, no uncertainty and no complicated claim procedures. Since 1869, the Society has been exclusively owned by our Members.

Because all of our profits are invested back into the Society, we are always working to stabilise premiums, increase cover and improve our service to you.

With 27 directors personally serving your 12 parishes, we are committed to providing you with the highest level of service at all times.

For home & contents insurance

Talk to real people, talk to us.

Call 734246 or visit www.jerseymutual.com

Jersey Mutual is regulated by the Jersey Financial Services Commission

SC/GEN/20

3

12

WEB

www.thompsonestates.com

FREEHOLD

£1,495,000

DETACHED HOUSE

St Saviour

5

4

14

RES013

SOLE

FREEHOLD SEMI-DETACHED HOUSE

£1,625,000 Gorey

5

3

2

RES019

NEW & SOLE

FREEHOLD TWO GENERATION HOME

£1,895,000 St Martin

5

5

14

RES053

EMAIL

sales@thompsonestates.com

TEL

01534 888855

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

13

FREEHOLD LUXURY TOWNHOUSE

£1,925,000 St Aubin

3

3

2

RES132

FREEHOLD

£2,150,000

DETACHED HOUSE

St Lawrence

7

4

10

RES018

FREEHOLD

£1,950,000

DETACHED HOUSE

St Brelade

4

3

5+

RES028

FREEHOLD

FREEHOLD

£2,500,000

DETACHED HOUSE

£2,695,000

FARMHOUSE

Rural St Helier

4

4

10

RES103

St Martin

5

2

12

RES043

14

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

SOLE

FREEHOLD

£2,995,000

FARMHOUSE

Rural St Helier

4

3

30

RES055

FREEHOLD

FREEHOLD

CONTEMPORARY HOME

£3,250,000

GRANITE RESIDENCE

St Brelade

6

6

10

RES052

FREEHOLD GRANITE RESIDENCE

£3,500,000 St Martin

6

5

10

RES008

FREEHOLD

£3,700,000

MANOR HOUSE

St Peter

6

3

10

RES225

£3,350,000 St John

7

6

10

RES020

TEL

01534 888855

01/2020

Ten years ago, mortgage lending and property values were on everybody’s minds after the Financial Crisis, triggered by risky lending worldwide, plunged the country into the worst Economic Downturn since the Great Depression.

Households the length and breadth of the country as well as in the Channel Islands were plunged into negative equity as prices plummeted, whilst the property market virtually stalled.

MORTGAGE MARKET REVIEW The recovery took some time and in April 2014,

The Best Rates...

There have been no changes this month in the interest rates that are shown on our chart. This reflects the ‘’wait and see’’ attitude that has been adopted for the past five months by not only mortgage lenders but also many people who are thinking of buying or selling and who are waiting to see what happens post Brexit.

Pick of the Bunch

the Mortgage Market Review was introduced by the Financial Services Authority, the precursor of the Financial Conduct Authority which introduced strict new lending rules whose influence immediately changed the face of mortgage lending.

These changes were designed to curtail the risky lending practices that had prevailed in the run up to the crash and made applying for a mortgage much tougher than it once was. Lenders now look at borrowers’ spending habits, examining income and expenditure to gauge whether the applicants can afford to keep up with the monthly payments, not just at today’s interest rates, but also in a ‘’worst case’’ situation, stress testing affordability at a much higher interest rate as well.

NEW DECADE As we enter a new decade, the only certainty is that mortgage products and their underwriting are going to have to change to match the new market conditions that will inevitably arise post Brexit. This is already being evidenced by several local mortgage providers who have been slowly modifying their lending criteria to enable them to embrace a larger part of the market.

BIG REDUCTIONS Mortgage rates have plummeted since 2009, especially in

(% loan to property value/price)

recent years. The average two-year fixed rate ten years ago stood at 4.93%, although this has nearly halved to 2.44% today.

60%

Tracker

1.49%

60%

2 year fixed

1.50%

60%

5 year fixed

1.81%

60%

10 year fixed

2.74%

85%

Tracker

1.74%

85%

3 year fixed

1.99%

85%

5 year fixed

2.09%

90%

Tracker

2.19%

90%

2 year fixed

1.94%

90%

5 year fixed

2.29%

95%

2 year fixed

2.99%

between lenders, most interest rates have crept up, but still remain

95%

very low by historical standards.

5 year fixed

3.49%

100% 5 year fixed

3.99%

60%

BTL 2 year fixed

1.69%

60%

BTL 5 year fixed

2.30%

www.mortgageshop.je

To put this into perspective, 10 years ago, someone on a £200,000 mortgage, taken over 20 years would be paying £1312 per month. Fast forward to today, and the cost on the same terms would reduce to £1054, a reduction of £258 per month. Three year fixes have dropped from 5.6% to 2.61%, while five-year fixes have more than halved from 6.15% to 2.74%.

Jersey lenders also offer a limited choice of seven- and ten-year fixed options, although these have a limited appeal, as they tend to reduce the flexibility that many homeowners think they will need. Since 2017, and despite strong competition

The Mortgage Shop offers down to earth advice on the lending options that are available from every bank in the Island – one appointment will cover all that you need to know – call 789830

info@mortgageshop.je

Your home is at risk if you do not keep up with repayments on a mortgage or other loans secured on it

16

Lettings

QUALIFIED

QUALIFIED

£1,250 pm

APARTMENT

NON-QUALIFIED

£2,000 pm

HOUSE

St Saviour

1

1

2

REN076

QUALIFIED

Gorey Village

2

1

2

£2,300 pm

2

2

REN058

QUALIFIED

2

1

REN083

Grouville

2

2

4

REN026

NON-QUALIFIED

£3,250 pm

HOUSE

£3,350 pm

HOUSE

St Brelade

3

6

REN041

QUALIFIED

St Mary

4

3

3

REN024

QUALIFIED

£3,750 pm

HOUSE

£3,900 pm

HOUSE

St Mary

3

St Helier

2

£2,800 pm

HOUSE

St Helier

4

REN014

QUALIFIED

APARTMENT

2

£2,000 pm

APARTMENT

3

6

REN056

St Lawrence

4/5

3

EMILY HACQUOIL Lettings Negotiator 01534 707900 07700 348212 emily@thompsonlettings.com

6

REN081

KELLY DOBIN Lettings Negotiator 01534 707908 07797 889836 kelly@thompsonlettings.com

17

JERSEY

Trinity

Starting From £1,550,000 – FC046 - NEW DEVELOPMENT

Fine & Country Jersey have pleasure in offering an exceptional new residential development that takes refined countryside living to a spectacular new level.

Les Beaux Champs is an exclusive gated development of four houses situated in the heart of the Parish of Trinity, one of Jersey’s most desirable areas, within easy reach of the town centre, private and parish schools and Jersey Airport.

Unit 1 is a 4-bedroom, 4-bathroom barn-conversion style property offering a contemporary yet traditional feeling. Measuring approximately 2,952sq.ft.

Asking Price - £1,550,000

St Lawrence

Unit 2 is a 4-bedroom, 4-bathroom traditional style property measuring circa 3,296 sq.ft. Asking Price - £1,650,000 Unit 3 is a 5 bedroom, 5 bathroom period residence that is influenced by local historical buildings with subtle French undertones. Measuring circa 4,012 sq.ft.

Asking Price - £2,650,000 Unit 4 is an elegant 5 bedroom, 5 bathroom period style property measuring circa 4,067 sq.ft. Asking price - £2,650,000

Starting From £2,250,000 – FC016 - NEW & SOLE AGENT

Fine & Country Jersey are delighted to offer for sale West Grove Apartments, a new development of four luxurious high-end, 3-bedroom apartments. They have been built to an exceptionally high standard, encompassing the latest design trends and benefitting from sea views, private garaging and more than generous outdoor spaces. Offering sophisticated architecture with a gentle nod towards the Art Deco era, combined with contemporary, clean lines and harmonious spaces that flow visually and spatially, allowing for great entertaining and stylish living.

Situated in a convenient location between St Helier and St Brelade, access to the town centre or the airport is effortless. Designed to indulge owners in an upscale lifestyle, West Grove offers a rarefied atmosphere of exclusivity and privacy.

Penthouse - Asking Price - £2,950,000 - private triple car garage Duplex Garden Apartments - Asking Price - £2,250,000 - private double garage Unit 3 - Under offer.

TEL: 01534 840022

www.fineandcountryjersey.com

18

JERSEY

St Martin

Asking Price £3,100,000 – FC021

Approached via its own gated entrance, this spectacular Georgian style property with contemporary luxury interior is amongst one of the finest homes in Jersey.

The property is situated in the heart of St Martins countryside, occupying a very private plot commanding outstanding far reaching agricultural views from all principle rooms.The 5058sq.ft of luxurious accommodation has been finished to the highest specification with meticulous attention to detail.This exquisite home is bright and spacious and includes: - drawing room, dining room, luxurious David

St Saviour

Hicks kitchen, utility room and a orangery overlooking the pool and garden.

There is an impressive master suite with separate dressing room and bathroom, 4 further bedrooms and 3 bathrooms. Externally there is an outdoor swimming pool with water feature and Jacuzzi, a superb entertaining pool house with kitchen and W.C. extensive terraces and manicured gardens enjoying far reaching countryside views with all day sun, there is also an integral double garage and ample parking on the brick paved forecourt.s

Asking Price £5,950,000 – FC060

This gorgeous country estate stands in an unspoilt rural part of the parish of St Saviour and is located within easy access the centre of St Helier and to most of the island’s schools. Maufant Manor has in recent years been the subject of a most comprehensive and sensitive modernization and improvement to provide a very beautiful and desirable character filled family home. Offering many desirable facilities including high quality independent guest and staff cottages (3 and 2 bedrooms respectively), a splendid leisure complex that incorporates a wellequipped home cinema, a large gymnasium, a games room and a billiard/ playroom.The accommodation of the main residence is both tasteful and

particularly well presented, and includes 3 excellent reception rooms, a magnificent family kitchen opening to a fine orangery/dining area which access directly onto the gardens, a study and 5-bedroom suites.The estate extends to circa 74 vergees (33 acres) of surrounding gardens, orchard and agricultural lands.

The gardens form a very attractive and most appealing feature of the property and include a delightful feature lake. Within the grounds there is also a hard tennis court and a well sheltered heated swimming pool. Approached via an attractive mature beech lined driveway, with automatic gates to the entrance.

TEL: 01534 840022

www.fineandcountryjersey.com

19

JERSEY

St Peter

Asking Price £7,500,000 – FC053

Mon Bel is a magnificent country home that combines the beauty of traditional Jersey architecture with contemporary living. It is a rare opportunity to purchase a brand-new house with its timeless and elegant facades, spacious interiors and impeccable specification, together with almost 25 vergees of agricultural land.

The large kitchen and dining area are extended with a beautiful period style orangery that opens out to a huge terrace, swimming pool and landscaped gardens.There is a range of additional reception rooms, a home cinema and gym.

St Martin

The 5-bedroom suites ensure plenty of space for all the family, while a selfcontained 2-bedroom unit with kitchen and bathroom facilities meet the needs for staff or guests. Access to the property is through a gated entrance and a long 1/4-mile tree lined drive. Considerable landscaping has been undertaken around the property and many trees were planted. Provisions have been made to extend into the 7,000 square feet attic space.

POA – FC044 - SOLE AGENT

Carteret House is situated in one of the finest coastal locations on Jersey’s North East coast, above the idyllic fishing harbor of Rozel.The magnificent house has a contemporary look with absolute quality of concept, high-end appliances, the latest technology and materials and spectacular workmanship. Upon entering, you are welcomed by an impressive entrance hall with a bespoke staircase.The ground floor reception space is vast with a dining room, living room, kitchen/ breakfast room, butler/catering kitchen with larder, cinema room, office and wine cave. All of the sea facing rooms benefit from large windows and doors leading out onto an extensive terrace.The 5 bedrooms suites upstairs have fabulous

en-suite bathrooms with breathtaking sea views as far as the eye can see.The delight of the lower ground floor is the seamless transition between the inside and the outside; sliding windows gliding back to link the two.The space can be accessed from the kitchen offering a games room and poolroom with changing rooms and bar/entertaining area.The 2.8-acre grounds comprise of lovely manicured lawns with mature borders, various terraced areas, infinity swimming pool plus an enclosed parking forecourt for numerous cars. If all of this wasn’t enough, there is a detached 6-car garage block with staff/guest accommodation above which is cleverly connected to the main house by a spacious glazed passage way.

TEL: 01534 840022

www.fineandcountryjersey.com

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