July 2020

Property Monthly

Les Beaux Champs, Trinity A New Luxury Gated Development See Page 17

July 2020

Issue No. 188

Stay Connected!

NEW NEGOTIATOR We are delighted to welcome Matthew Glazebrook to our team as our new Associate Negotiator!

Matt has lived in Jersey for over 8 years having moved over from Canterbury. He started out in the fitness industry, then moved into different sales environments including customer relations and sales management.

Matt is an Arsenal fan, and enjoys keeping fit and active including running, tennis and boxing. He’s also on the committee of the Grouville Football Club and manages the reserves.

When he’s not busy running around a football pitch, Matt likes to think of himself as not only the BBQ King, but also as a beer and wine connoisseur, so much so that he’s built himself a bar in his garden!

Whilst Matt has been learning the ropes of Estate Agency, he’s built up a fantastic reputation with both vendors and purchasers alike, as well as securing sales and fantastic sole agency instructions.

If you are interested in selling your property, or would like to discuss your requirements, please give Matt a call.

MATTHEW GLAZEBROOK Associate Negotiator 01534 707909 07797 737773 matthew@thompsonestates.com

KERRY PHILLIPS Director 01534 707914 07797 825122 kerry@thompsonestates.com

MARK GRIMES Associate Negotiator 01534 707921 07797 736514 markg@thompsonestates.com

CHRIS SOKRATI Director 01534 707917 07797 719792 chris@thompsonestates.com

JAMES CUMMING Associate Negotiator 01534 707912 07829 835076 jamesc@thompsonestates.com

WEB

SOLE

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

LAST REMAINING

FLYING FREEHOLD

£249,000

SHARE TRANSFER

£279,000

APARTMENT

St Helier

1

1

0

3

SOLE

SHARE TRANSFER APARTMENT

01534 888855

RES096

£295,000

APARTMENT

St Helier

1

1

0

St Saviour

1

RES005

1

1

RES047

INVESTMENT ONLY

WANTED Renovation projects in all areas of the island.

Buyers waiting.

FLYING FREEHOLD

FLYING FREEHOLD

Up to £450,000 £299,950

APARTMENT

£325,000

APARTMENT

St Helier

2

1

0

RES101

St Peter

1

1

2

Please call 01534 8888855

RES136

PARKING AVAILABLE TO BUY SEPERATELY

FLYING FREEHOLD

FLYING FREEHOLD

from £320,000 - £415,000

APARTMENTS

from £375,000 - £565,000

APARTMENTS

Harve Des Pas

1&2

1

BEACH HOUSE APTS

SOLE

SHARE TRANSFER

£375,000

COTTAGE

St Helier

1

1

1

RES118

Harve Des Pas

1&2

1

0-1

HALSEA APTS

4

WEB

NEW

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

INVESTMENT ONLY

SHARE TRANSFER

£425,000

APARTMENT

St Helier

2

2

1

RES057

NEW

NEW & SOLE

SHARE TRANSFER

FLYING FREEHOLD

£418,000

APARTMENT

£380,000

APARTMENT

St Helier

2

1

2

RES152

St Helier

2

1

0

RES085

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

NEW

NEW

FREEHOLD

SHARE TRANSFER

£425,000

DETACHED HOUSE

TEL

1

0

UNDER CONSTRUCTION

RES098

LAST 2 BED REMAINING

StHelier

2

1

1

FREEHOLD

£450,000

APARTMENT

£495,000

HOUSE

St Helier

2

RES049

NEW & SOLE

FLYING FREEHOLD

2

5

£439,000

APARTMENT

St Helier

2

01534 888855

1

RES169

St Helier

2

2

0

RES046

6

WEB

www.thompsonestates.com

SOLE

LAST REMAINING UNIT

SHARE TRANSFER

FLYING FREEHOLD

£499,500

APARTMENT

sales@thompsonestates.com

EMAIL

2

1

RES058

£568,000

APARTMENT

2

2

SOLE

FREEHOLD

FREEHOLD

£585,000

St Clement

3

RES151

NEW & SOLE

HOUSE

1

1

RES029

1

2

RES077

£575,000

HOUSE

St Clement

3

£569,000

HOUSE

St Helier

2

01534 888855

FREEHOLD

St Helier

2

TEL

St Clement

3

1

1

RES086

NEW

FREEHOLD

FREEHOLD

£615,000

HOUSE

£575,000

HOUSE

St John

3

1

2

RES131

St Helier

4

3

0

RES034

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

7

NEW & SOLE

FREEHOLD

FREEHOLD

£620,000

HOUSE

£625,000

COTTAGE

St Helier

3

2

2

RES013

St Saviour

2

NEW & SOLE

NEW

FREEHOLD

FREEHOLD

£650,000

DETACHED HOUSE

2

1

£685,000

DETACHED HOUSE

Grouville

3

1

3

RES059

SHARE TRANSFER

£675,000

APARTMENT

Castle Quay

2

2

1

RES130

RES016

St Helier Outskirts

3

1

3

RES072

8

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

SOLE

SOLE

SHARE TRANSFER

FLYING FREEHOLD

£725,000

HOUSE WITH INCOME

5

1

RES061

FLYING FREEHOLD

St Brelade’s Bay

3

2

2

£895,000

£785,000

APARTMENT

Greve De Lecq

2

2

RES227/8

SOLE

FREEHOLD

£855,000

BUNGALOW

St Martin

3

1

RES087

SHARE TRANSFER

APARTMENT

2

01534 888855

£695,000

APARTMENT

St Helier

6

TEL

5

RES080

St Helier

2

2

2

RES067

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

9

NEW & SOLE

FREEHOLD

FREEHOLD

£925,000

HOUSE

£945,000

HOUSE

St Brelade

3

3

4

RES003

St Helier

5

2

NEW & SOLE

NEW & SOLE

FREEHOLD

FREEHOLD

£995,000

DETACHED HOUSE

3

TWO GENERATION HOME

£1,025,000

DETACHED HOUSE

St Clement

5

4

5

RES051

RES024

St Brelade

5

3

6

RES018

10

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

NEW & SOLE

NEW & SOLE

FREEHOLD

FLYING FREEHOLD

£1,050,000

DETACHED HOUSE

2

5

RES040

NEW & SOLE

FREEHOLD

£1,450,000

DETACHED HOUSE

Rural St Helier

5

3

10

RES030

01534 888855

£1,325,000

APARTMENT

St Martin

3

TEL

Portelet Bay

3

3

2

RES002

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

11

SOLE

FREEHOLD

FREEHOLD

£1,395,000

DETACHED HOUSE

£1,500,000

DETACHED HOUSE

St Peter

St Mary

5

5

4

RES082

FREEHOLD

4

3

10

FREEHOLD

£1,600,000

TOWNHOUSE

£1,625,000

DETACHED HOUSE

St Aubin

3

RES115

3

2

RES073

Grouville

4

4

15

• Windows • Gutters • Carpets • Upholstery • Office & House Cleaning • • Power Washing • General Cleaning Services • • Fully Insured - Free Quotations • M.: 07797 764180 T.: 01534 789965 E.: ultimatecleaning@myself.com

RES007

12

WEB

www.thompsonestates.com

EMAIL

sales@thompsonestates.com

TEL

01534 888855

DEVELOPMENT OPPORTUNITY

FREEHOLD

FREEHOLD

£1,950,000

DETACHED HOUSE

£2,700,000

DETACHED HOUSE

Grouville

St Brelade

4

3

5

RES028

FREEHOLD

7

5

21

FREEHOLD

£2,750,000

DETACHED HOUSE

£2,950,000

HOUSE

St Peter

7

5

15

RES076

FREEHOLD

£2,995,000

DETACHED HOUSE

St Brelade

8

RES142

5

20

RES026

St Aubin

4

3

5

RES017

06/2020

After such a long period of isolation, it is so encouraging to see the Island slowly coming back to life again Full recovery could take a long time, and it is far too soon to be able to predict whether the new normal is going to be much different to the old version in respect of the property market and the availability of mortgages to fund that market

The Best Rates...

During the past three months, interest rates have continued to fall as a result of the reduction to the Bank of England Base Rate to 0.10%, which is the lowest ever recorded in the Bank’s 326-year history.

The interest rates that we are currently seeing, make purchasing property in Jersey extremely affordable, although the flip side of the coin is that the island is one of the more expensive places in the world.

This is reflected in the publication of the most recent statistics on the Jersey House Price Index, which has shown a modest increase in the first quarter of this year, despite the massive disruption that has occurred.

This has certainly been reflected in the increase of new mortgage enquires we have received since mid-May, from buyers who have had offers accepted and are keen to move forward.

The full impact of the lockdown may not be felt for some months, which means that the current trend could change if too many homeowners were to find themselves in the unfortunate position of losing their jobs and having to sell, so creating a short term glut due to oversupply.

CHANGES IN LENDING CRITERIA With five main mortgage providers in Jersey, it has up to now been possible to achieve multiples on joint income of between 4.75 times and 7 times. In the current climate, mortgage providers are naturally going to be reluctant to offer any terms that might be regarded as risky, with the result that the higher income multiples have now been reduced. One lender has decided to reduce the maximum that it will offer to 80% Loan to Value, whilst other lenders have removed their 100% and 95% mortgages.

Fortunately, we are still currently able to advise upon a 95% product, and it is also possible that as the market picks up pace, so the other lost products might be reinstated.

Pick of the Bunch

(% loan to property value/price)

75%

Tracker

0.85%

60%

2 year fixed

1.03%

60%

5 year fixed

1.25%

60%

7 year fixed

2.31%

85%

Tracker

1.20%

85%

2 year fixed

1.45%

85%

5 year fixed

1.78%

90%

Tracker

1.59%

90%

2 year fixed

1.70%

90%

5 year fixed

2.10%

95%

2 year fixed

3.09%

95%

5 year fixed

3.49%

60%

BTL 2 year fixed

1.35%

60%

BTL 5 year fixed

1.95%

www.mortgageshop.je

ESTATE AGENTS BACK TO WORK Estate agents are now able to start showing sale properties again and the feedback that we are receiving is that the market has become extremely active, and that asking prices are holding, despite earlier predictions by the Jersey Fiscal Policy Panel that we could see a reduction in value of at least 10%, although demand over supply in Jersey usually keeps the market buoyant.

A PERIOD OF CHANGE During the months ahead, we are going to witness many changes, in particular the way that lenders will transact their business. A sixth major lender is planning to open for business later this year which is great news for everybody. Whilst we are extremely well served at the moment by our current lenders, we remain vulnerable in the event of one of the existing banks deciding to pull out of the market, or to change its rates or lending criteria.

The Mortgage Shop, as it has done for the past 30 years, continues to analyse and interpret the full range of mortgage options that are available from every lender in the Island, so ensuring that buyers and borrowers have access to the latest information allowing them to make the best informed choice.

Our team has returned to being fully operational in our Broad Street offices – now able and accustomed to handling the process remotely, to ensure the safety of our staff and clients.

We can be contacted on 789830 or on info@mortgageshop.je

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

14

Lettings

QUALIFIED

QUALIFIED

£1,750 pm

APARTMENT

NON-QUALIFIED

£2,000 pm

APARTMENT

St Helier

2

2

1

REN029

QUALIFIED

2

2

1

£2,350 pm

3

3

REN050

St Ouen

3

2

2

£2,500 pm

APARTMENT

£2,750 pm

APARTMENT

St Helier

2

REN080

QUALIFIED

St Saviour

3

REN060

QUALIFIED

HOUSE

£2,300 pm

HOUSE

St Helier

2

1

REN088

Grouville

2

2

2

REN018

Studios.

Apartments.

Luxury Houses.

Our lettings & management have got it covered.

Call Us: 01534 888855 Or Email: info@thompsonlettings.com

www.thompsonlettings.com Lettings

15

JERSEY

GAIN IMMEDIATE RESIDENTIAL ACCESS INTO JERSEY! If you would like to live in a beautiful island with sandy beaches, a low crime rate, no inheritance tax or charge for death duties, an excellent education system and Michelin Star restaurants, then Jersey could be the place for you.

Here is a selection of properties available to purchase by non Jersey residents.

If you would like to discuss our housing qualifications further, or if you have any questions, please give Rebecca a call on 07797 751527 or Victoria on 07912 480148.

NON-QUALIFIED APARTMENTS

St Helier

From ~ £775,000 - £875,000 PARK HEIGHTS

NON-QUALIFIED 5 BEDROOM HOUSE

St Lawrence

Asking Price ~ £3,750,000 FC018

NON-QUALIFIED 4 BEDROOM HOUSE

St Mary

Asking Price ~ £3,600,000 FC083

NON-QUALIFIED 6 BEDROOM MANOR HOUSE

St Peter

Asking Price ~ £3,250,000 FC063

TEL: 01534 840022

www.fineandcountryjersey.com

17

JERSEY

Les Beaux Champs

Prices from £1,550,000 - £2,650,000

Les Beaux Champs is an exclusive gated development of four houses situated inTrinity, within easy reach of the town centre, private and parish schools and Jersey Airport. Local developer,The Siena Group, have teamed up with Jersey’s best designers, craftsmen and engineers to offer the highest quality houses with the most up to date technology that Jersey has seen in recent years.The individually designed Georgian style and barn style homes are complemented by majestic architecture, elegant interiors and stunning landscaping.The location is designed to take advantage of the south facing aspect and natural countryside.

Purchase Off Plan - Completion Autumn 2020 Unit 1 - Asking £1,550,000 - Approximately 2,952 sq.ft.

Unit 2 - Asking £1,650,000 - Approximately 3,296 sq.ft. - Under Offer Unit 3 - Asking £2,650,000 - Approximately 4,012 sq.ft Unit 4 - Asking £2,650,000 - Approximately 4,067 sq.ft.

DEVELOPMENT OPPORTUNITY

St Aubin

Asking Price ~ £1,200,000 FC024

A stunning 2 bedroom, new build duplex penthouse apartment forming part of an exciting new development located on the charming high street in St Aubin. Only a short stroll down the hill is St Aubin’s Village and harbour where a plethora of excellent restaurants, cafes, bars and shops can be found.

Accommodation is set over 2 floors with an open plan kitchen/lounge forming the top floor and giving access to a large sun terrace where breath-taking sea views over St Aubin’s Bay can be found.The lower level offers 2 bedroom suites. The development comprises 4 houses and 4 duplex apartments all with private parking and sea views over St Aubin’s Bay.The apartment has lift access from the carpark.

St Brelade

Asking Price ~ £2,100,000 FC010

Enjoy one of the most beautiful sea views in Jersey as well as magnificent sunsets every night from this elevated site located just above Petit Port Bay facing west towards St Ouen’s Bay. Currently a detached bungalow situated on exceptional grounds, in need of updating or demolition. Briefly comprising: kitchen, separate utility, house WC, dining room, sitting room, conservatory, study, four double bedrooms and two bathroom suites. Most principle rooms enjoy the sea views as well as the large gardens around the property. Alternatively, the opportunity to create your dream home in one of the best west coast locations should not be missed! Please contact Fine & Country Jersey for further details of a 7000sq. ft house (subject to planning approval).

TEL: 01534 840022

www.fineandcountryjersey.com

18

JERSEY

St Peter

Asking Price ~ £2,200,000 FC068

Constructed in the 1800’s, this traditional 4 bedroom Jersey home is presented in beautiful condition and offers over 3,500 sq.ft of flexible accommodation that lends itself to create a large second-generation unit within the existing property.

Enjoying a quiet rural location, this attractive home is ideal for entertaining, benefiting from a large private garden, spacious terrace with bar area plus a heated swimming pool. Electrically operated gated access, detached double garage and parking for at least 10 cars.

St Ouen

Asking Price ~ P.O.A FC034

Le Canne is a contemporary modern home found in a quiet countryside area of St. Ouen, close to St Ouen’s Bay. It offers spacious, light accommodation throughout and at the heart-of-the-home is a new kitchen extension, which provides beautiful views over the swimming pool and garden.There are 5 bedroom suites, 2 of which are located on the ground floor and ample reception rooms. In addition to an outdoor heated swimming pool with safety cover and hot tub, the property also boasts excellent entertaining space, an outside heated shower, landscaped gardens and distant sea views from the master bedroom.

St Lawrence

Prices From ~ £2,250,000 FC051

West Grove apartments is a fabulous new block of four luxurious apartments, built to an exceptionally high standard.

The two ground floor duplex garden apartments offer 3 double bedrooms, all with fitted wardrobes and 3 bathrooms. Each apartment has a double garage and ample visitor parking. Occupying the whole top floor is the penthouse, with 3 double bedrooms, fitted wardrobes and en-suite facilities, whilst the spacious lounge offers a panoramic view over St Aubin’s Bay. It benefits from a private triple car garage with its own power supply.

Gorey

Asking Price ~ £3,200,000 FC066

This magnificent 4 bed, 4 bath coastal home in Gorey offers timeless New England-style unlike any other, and it boasts truly spectacular interiors.

Overlooking The Royal Bay of Grouville and Gorey Castle, this beautiful newbuild property is located directly opposite the beach, promenade and harbour which bustles with restaurants, shops and cafes. Spacious, light and airy, inside you will find accommodation set over 3 floors. It’s accessed through electric gates and its manageable front and rear gardens allow for an easy low maintenance lifestyle with a lock-up-and-leave emphasis. There is also room for a rear or front pool should the purchaser wish to put one in themselves.

TEL: 01534 840022

www.fineandcountryjersey.com

19

JERSEY

St Peter

Asking Price ~ £2,550,000 FC058

This state of the art, 5 bedroom house is set in picturesque surroundings whilst also being only a few minutes’ drive from amenities, schools and the airport. It forms part of an exclusive close of 12 newly built houses. The modern kitchen/ dining area is open-plan living at its best, with flexible accommodation including a playroom/cinema, cloakroom and large utility.The impressive first floor has the 4 generous en-suite bedrooms, and completing the ground floor is an integral garage which is approached from a gated driveway. All situated within a wraparound lawned garden where provisions for a pool have been considered.

St Lawrence

Asking Price ~ £4,500,000 FC065

This masterpiece approaches 8,000sq.ft and offers luxurious accommodation arranged over two floors. Use of natural materials is present throughout along with handmade cabinetry and the latest complimentary technology. Large floor to ceiling window gives an ‘inside-outside’ feel whilst offering excellent views over a contemporary water feature, pool and garden. Multiple reception rooms complement an ultra-luxury entertaining kitchen complete with a wine room.There are 4 bedroom suites and an independent staff/guest ground floor apartment, pool house, a vast 20 metre pool and a beautiful sunken outdoor living space.

St Ouen

Asking Price ~ P.O.A FC030

We are holding plans for a modern minimalist house of some 12,000sq.ft, located in an elevated position on the west coast of Jersey. With spectacular all round views, the house has been designed to blend inside and outside.The extensive use of glass results in a unique visual experience throughout the house ensuring that all rooms, including those in the ground floor, are flooded with natural daylight. Set in exceptionally large grounds of over 4 acres there are 10 bedrooms in total, a home office, gym, multiple reception rooms, triple car garage and an infinity pool.

St Brelade

Asking Price ~ £4,950,000 FC073

Cutting a modest figure from the roadside, this exemplary 4 bedroom residence, with private garden, garage and sea view sits in an elevated position on the St Brelade coastline. A modern architectural home incorporating state of the art features with exceptional accommodation.The immaculate, manageable south facing gardens have been expertly designed to provide year round interest, featuring a large pond, lawned area and amazing terrace which benefits from all day sunshine.There is a double garage with electric door, ample driveway parking and electric gates.The location is second to none, in an elevated position within walking distance of St Aubin, Ouaisne & St Brelade’s Bay.

TEL: 01534 840022

www.fineandcountryjersey.com

Tim, Dominique and Alby, St Ouen

You can chat, you can stream, you can share.

Mobile

UNLIMITED Broadband

Landline

Roaming*

If you've not got all of your services with JT, there's never been a better time to switch.

Our NEW and improved JT One plan now includes data roaming in the UK, Europe and USA, so you'll be ready to travel when restrictions are lifted.*

Build your plan at www.jtglobal.com/JTOne Follow us, search JTsocial *

Minimum ÂŁ5.25 per month mobile data bolt-on required.

Excludes Azerbaijan, Kazakhstan and Russia. T&Cs apply, see website.

From

ÂŁ

49 p/m

.50