March 2020

Property Monthly

March 2020

Issue No. 184

Stay Connected!

The Rise of Sophisticated Architecture See Page 19

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

WEB

www.thompsonestates.com

SOLE

SHARE TRANSFER

from £255,000

APARTMENTS

St Helier

1-2

1

0

RES085

SHARE TRANSFER FLYING FREEHOLD

£250,000

APARTMENT

St Helier

1

NEW

1

0

RES104

NEWLY REFURBISHED

FLYING FREEHOLD

£267,000

APARTMENT

St Helier

1

1

0

RES107

EMAIL

sales@thompsonestates.com

TEL

01534 888855

3

4

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

NEW & SOLE

SHARE TRANSFER

£525,000

COTTAGE

St Lawrence

2

2

2

RES120

COMING SOON Top floor 1 bedroom apartment in St Saviour. Newly refurbished with a single garage. Sole agency instruction.

Asking £295,000.

Please call Kerry on 07797 825122

NEW DEVELOPMENT - 2 REMAINING

FLYING FREEHOLD

£375,000

APARTMENTS

St Helier

1

1

1

RES174

TEL

01534 888855

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

FLYING FREEHOLD

£400,000

APARTMENT

St Helier

2

1

1

RES045

SHARE TRANSFER

£520,000

APARTMENT

St Helier

2

2

1

RES058

FLYING FREEHOLD

£540,000

APARTMENT

St Clement

2

2

2

RES198

WANTED We have investors looking for purpose built apartments. Ideally in developments such as: Castle Quay, Spectrum, Fourteen, Westmount or Metropole.

All prices considered.

Please call Mark on 07797 736514

5

6

www.thompsonestates.com

WEB

ONLY 3 REMAINING

FLYING FREEHOLD

from £568,000

APARTMENTS

St Helier

2

2

2

RES151

SOLE

FREEHOLD SEMI-DETACHED HOUSE

£620,000 St Lawrence

3

1

NEW & SOLE

3

RES319

INVESTMENT ONLY

FREEHOLD

£650,000

COMMERCIAL

Gorey

3

1

2

RES033

EMAIL

sales@thompsonestates.com

TEL

01534 888855

02/2020

In the most talked about decision in recent months, the Bank of England decided, at its meeting at the end of January, to hold base rate at 0.75%, a level at which it has remained since August 2018.

In the days and weeks before this meeting, there had been much speculation that Base Rate would have to fall based upon the poor performance of the economy in the lead up to the General Election. Projections for the British economy for this year, however, suggest that one will see modest growth and it is this that no doubt resulted in the Bank deciding to keep the key rate unchanged.

This decision will be reviewed every month, which means that there is no guarantee that the rate will not fall later this year if the economy falters.

The Best Rates...

Other good news is that one local mortgage provider has aggressively reduced some of their fixed rates as shown in our comparison table and it will be interesting to see if this challenge will be taken up by the other lenders in the next four weeks.

Pick of the Bunch

(% loan to property value/price)

60%

Tracker

1.49%

60%

2 year fixed

1.28%

60%

5 year fixed

1.65%

60%

10 year fixed

2.74%

85%

Tracker

1.74%

85%

3 year fixed

1.99%

85%

5 year fixed

2.03%

90%

Tracker

2.19%

90%

2 year fixed

1.94%

90%

5 year fixed

2.29%

95%

2 year fixed

2.99%

95%

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

CLOSER TO HOME, the property market slowed toward the end of last year, which was understandable as we all witnessed history in the making. With all of that now behind us it is encouraging to see so many home movers now making the decision to trade up to larger properties, so freeing up flats and houses for First Time Buyers, many of whom are being supported by family to provide the essential deposit funds that are needed.

For those who do not have a large deposit, it is possible to obtain both 95% and 100% mortgages, although we have found the take-up on these to be much lower than expected, due in part to the higher interest rates that are charged and also their somewhat limited scope. These products are there for a reason though and form part of a much wider range of mortgage options which embrace residential mortgages, buy to let and commercial facilities.

JERSEY is served extremely well by the small number of mortgage providers who help to sustain what can generally be described as a buoyant housing market, although changing expectations of the borrowing public mean that lenders must always look to improve and modify not only their product range but also their lending criteria.

This is easier said than done, as all mortgage lending on both sides of the Channel is controlled by UK regulators, whose restrictions are in place to ensure that borrowers do not default on their mortgage.

It has been apparent in recent months that some lenders are slowly modifying their operations to provide more user-friendly products. Extending loan terms to a maximum of 40 years, increasing income multiples, permitting overpayment on fixed rates with no penalty, taking into account overtime and bonuses, requesting only two years trading figures for self employed applicants and much more, and this is great news for anybody who already has a mortgage or is thinking of getting onto the property ladder.

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

8

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

NEW & SOLE

SEMI-DETACHED HOUSE

SHARE TRANSFER

£625,000

APARTMENT

St Clement

2

2

2

RES031

SOLE

FREEHOLD SEMI-DETACHED HOUSE

£665,000 St Brelade

4

2

4

RES063

FREEHOLD SEMI-DETACHED HOUSE

£665,000 St Saviour

2

1

2

RES068

COMING SOON

WANTED

Beautiful 3 bedroom, 3 bathroom townhouse in the Belvedere development.

Large rear garden, garage and parking for an additional car. Sole agency instruction.

We have numerous applicants searching for 2 or 3 bedroom properties in any area of the Island.

Asking £685,000

Must have outdoor space and parking.

Between £500,000 to £600,000.

Please call Mark on 07797 736514

Please call Matthew on 07797 737773

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WEB

www.thompsonestates.com

SOLE

FREEHOLD SEMI-DETACHED HOUSE

£695,000 Grouville

3

2

8

RES012

SOLE

FLYING FREEHOLD

£725,000

APARTMENT

St Brelade

3

2

2

RES087

LODGING HOUSE

SHARE TRANSFER

£795,000

TERRACED HOUSE

St Saviour

6

5

1

RES061

NEW & SOLE

FREEHOLD SEMI-DETACHED HOUSE

£820,000 St Lawrence

3

2

3

RES042

EMAIL

sales@thompsonestates.com

TEL

01534 888855

9

10

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

CHOICE OF 2

FLYING FREEHOLD

£895,000 & £950,000

APARTMENTS

Greve de Lecq

2

2

2

RES227

NEW

FREEHOLD

£945,000

TERRACED HOUSE

St Helier

5

2

3

RES024

SOLE

FLYING FREEHOLD

£960,000

APARTMENT

Portelet Bay

3

3

2

RES001

COMING SOON Fantastic 4 bedroom family home close to Green Island. Well maintained interior with large enclosed south facing garden and double garage with scope to add more space.

Asking £875,000 Please call James on 07829 835076

TEL

01534 888855

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

SHARE TRANSFER

£1,150,000

APARTMENT

St Brelade’s Bay

3

2

2

RES070

FREEHOLD CONVERTED CHAPEL

£1,380,000 St Lawrence

4

4

5

RES022

FREEHOLD

£1,475,000

DETACHED HOUSE

St Clement

4

4

7

RES102

COMING SOON

WANTED

WANTED

5 Bed bungalow in St Brelade.

Large swimming pool and garden. Immediate income potential or 2 generation home.

2 Bedroom apartment in Gorey Village or Pier area.

3/4 Bedroom modern home in the West. Must have a rural or sea view. Garage and ample parking.

All prices considered.

Up to £1,500,000

Asking £1,450,000 Call Kerry on 07797 825122

Call Mark on 07797 736514

Call Kerry on 07797 825122

11

12

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

FLYING FREEHOLD

£1,495,000

APARTMENT

Portelet Bay

3

3

2

RES035

SOLE

FREEHOLD

£1,495,000

DETACHED HOUSE

Rozel

4

2

4

RES081

NEW DEVELOPMENT

FREEHOLD

from £1,550,000

HOUSES

Trinity

4-5

4-5

4-6

Join us for Year 3 in September 2020 Book a tour of our award winning school with Head Teacher Mr. Dan Pateman visit: www.vcp.je email: admin@vcp.sch.je

RES089

www.thompsonestates.com

WEB

EMAIL

sales@thompsonestates.com

TEL

01534 888855

SOLE

FREEHOLD SEMI-DETACHED HOUSE

£1,625,000 Gorey

5

3

2

RES019

FREEHOLD GRANITE RESIDENCE

£1,695,000 St Martin

5

4

14

RES010

NEW

FREEHOLD GRANITE RESIDENCE

£1,750,000 Trinity

4

4

30

RES069

SOLE

FREEHOLD

£1,895,000

DETACHED HOUSE

St Martin

5

5

14

RES053

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13

14

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

FREEHOLD

£1,950,000

DETACHED HOUSE

St Brelade

4

3

5

RES028

FREEHOLD

£2,150,000

DETACHED HOUSE

St Lawrence

7

4

10

RES018

FLYING FREEHOLD PENTHOUSE APARTMENT

£1,995,000 Gorey

3

3

2

RES178

FREEHOLD SEMI-DETACHED HOUSE

£2,200,000 St Aubin

3

3

3

RES134

SELLMYSTUFF.JE CONTENT SALES

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

FREEHOLD

£2,250,000

DETACHED HOUSE

St Saviour

6

5

12

RES219

FREEHOLD

£2,500,000

DETACHED HOUSE

Rural St Helier

4

4

10

RES103

FREEHOLD

£3,250,000

DETACHED HOUSE

St Brelade

6

6

10

RES052

NON-QUALIFIED

£3,700,000

DETACHED HOUSE

St Peter

6

3

10

RES225

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15

16

Lettings

QUALIFIED

QUALIFIED

£1,650 pm

APARTMENT

QUALIFIED

£1,700 pm

APARTMENT

St Helier

2

2

1

REN062

QUALIFIED

St Brelade

2

2

2

£1,950 pm

1

2

REN050

QUALIFIED

£2,300 pm

APARTMENT

£2,850 pm

2

2

2

4

REN090

QUALIFIED

£3,500 pm

APARTMENT

£3,750 pm

3

6

REN056

2

2

St Martin

2

2

5

REN033

£3,500 pm

HOUSE

REN005

St Grouville

3

2

2

REN028

QUALIFIED

£3,900 pm

HOUSE

£4,000 pm

APARTMENT

St Lawrence

4

REN085

£2,800 pm

COTTAGE

St Clement

2

St Mary

3

REN058

QUALIFIED

HOUSE

2

QUALIFIED

St Clement

4

1

St Helier

2

QUALIFIED

HOUSE

St Lawrence

2

QUALIFIED

Grouville

2

REN012

QUALIFIED

COTTAGE

£1,900 pm

COTTAGE

3

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

4

REN081

St Brelade

3

3

2

REN095

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

17

JERSEY

St Peter

Asking Price £2,550,000 – FC058 - NEW

This magnificent state of the art 5 bedroom contemporary house with elegant features is set in picturesque surroundings overlooking a wildflower meadow whilst also being only a few minutes’ drive from St Peter’s Village, St George’s Preparatory School and the airport.Treboule forms part of an exclusive, luxury close of 12 new houses, arguably one of the most exciting places to live in Jersey.

The modern luxury kitchen/dining area with Miele appliances is open plan living at its best, with flexible accommodation on this spacious ground floor including a playroom/cinema, cloakroom and large utility room.

St Peter

An impressive first floor awaits with four generous en-suite bedrooms, including the Master en-suite bedroom which boasts a generous walk in dressing area.

Completing the ground floor is an integral double garage which is approached from a gated driveway. All situated within a wraparound lawned garden where provisions for a swimming pool have been considered.

Asking Price £2,750,000 – FC016 - NEW

Approached down a long private driveway Beau Vallon Farm, a fine equine estate, is situated in approximately 16 Vergees of gardens, paddocks, fields, meadows and woodlands offering complete privacy and a beautiful, far reaching countryside outlook.This unique dwelling has recently undergone a superior luxury transformation inside and out and now offers comfortable living for multi generation with outstanding equestrian facilities.The main house is accessed through an impressive entrance hall then into a vast fully fitted bespoke kitchen, complete with Aga, giving this room a welcoming country feel. From the orangery a door opens out onto a pretty paved patio area and garden which is an ideal space to sit out in the summer months. Being in an elevated position you can watch the sunrise through to sunset. Upstairs you will find 3 double

bedrooms with generous luxury ensuite rooms all finished to an exacting standard. Integral to this is a cottage with 3 double bedrooms, large living room and eat in kitchen. The equestrian facilities are extremely impressive with 6 well fenced paddocks each with water taps direct from the large pond, sand school, grazing meadow, 5 well built stables, field shelters, tack room, store room and dutch barn. There are various outbuildings; one fully insulated for quality 3 car garaging, fenced carport, storage rooms and a detached coach house featuring large office spaces, with toilet and kitchen facilities, plus a studio apartment above.

The property lies in a rural location yet just 5 minutes drive to the airport. With a feeling of complete serenity and space Beau Vallon is a retreat in a busy world and should be viewed to appreciate.

TEL: 01534 840022

www.fineandcountryjersey.com

18

JERSEY

St Brelade

Asking Price £2,995,000 – FC038 - NEW

St Brelade

Asking Price £3,950,000 – FC007 - NEW

Approached via a long, private tree lined driveway is a large granite property surrounded by approximately 8 acres of its own woodland and garden that provide the utmost privacy. Francfief Farm requires modernisation and offers the discerning purchaser a great opportunity to create a fabulous family home, already available are large entertaining areas, a heated pool, snooker room, ample garaging, plus a separate 2 bedroom cottage with its own parking and garden.

This elegant Georgian style 4 bedroom, 4 bathroom property offers a 5,000sq. ft main house together with a 1,450sq.ft 2 bedroom, 2 bathroom granite barn. Offering character facades with ultra modern interiors, the luxurious and versatile house offers spacious and light accommodation set over 4 floors. Briefly comprising: a beautiful and huge family kitchen, orangery looking out over the south facing garden, dining room, sitting room, cinema room, gym, shower room (currently used as an integral flat), 4 bedrooms (2 are en-suite) and a large loft room ideal as a playroom or home office with a balcony and views over the surrounding woodland towards the Railway Walk.There is a 4 car garage and

Close by is the Railway Walk, La Moye Golf Club, and the ever popular St Brelade’s Bay - a perfect beach for families, water sports, great restaurants, cafés and shops. Conveniently located close to Red Houses, Quennevais shopping precinct and Sport Centre, Jersey Airport and Gama Aviation, the town centre is just a 15 minute drive away. Local schools have an excellent reputation plus there are superb private preparatory and secondary schools within a short drive.

ample parking accessed via a gated entrance.The cottage is separate to the main house and has its own gated entrance, parking and garden.The cottage comprises: eat-in kitchen, lounge, cloakroom, master suite, 2nd bedroom and bathroom.

The property is ideally located close to St Brelade’s Bay, St Aubin’s Village and the airport.Viewing is highly recommended to fully appreciate this stunning residence.

TEL: 01534 840022

www.fineandcountryjersey.com

19

JERSEY

West Grove Apartments, St Lawrence Asking Price £2,250,000 & £2,950,000 – FC050 & FC051 - NEW & SOLE West Grove apartments is a fabulous new block of four luxurious apartments, built to an exceptionally high standard and offering unparalleled design and finish to indulge owners in an upscale lifestyle. Offering refined 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.

The two ground floor duplex garden apartments offer modern yet sophisticated accommodation with 3 double bedrooms, all with fitted wardrobes and 3 luxury bathrooms. An open-plan lounge and kitchen offers modern living and access to the garden, whilst the first floor offers a 2nd reception room/sun lounge with beautiful views over St Aubin’s Bay. Each apartment has a double garage and ample visitor parking can be found within the development.

Occupying the whole top floor is the penthouse which encompasses the latest design trends of Herringbone flooring and a muted wall colour palette, combined with dramatic heavy Walnut doors. Each of the 3 double bedrooms have fitted wardrobes and luxury en-suite facilities, whilst the very spacious lounge offers a panoramic view over St Aubin’s Bay.The contemporary eat-in kitchen has ample space for dining and all principle rooms have access to a large south facing balcony, offering a great entertaining or relaxing space.The penthouse benefits from a private triple car garage with its own power supply and tiled floor.

To the rear of the development, in an elevated location, is a magnificent communal terrace where you can view the spectacular panorama of St Aubin’s Bay.

TEL: 01534 840022

www.fineandcountryjersey.com

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