Wentworthski: Multimillion exclusive Surrey estate

Article by Barton Wyatt Estate Agents Surrey

One of the most desirable homes on the exclusive Wentworth Estate in the heart of Surrey sparked a Russian bidding war this weekend reports the appointed agent, Barton Wyatt.

September House, the luxurious detached property from established developers, Millgate Homes, enjoyed a flurry of interest from a number of international buyers in recent weeks but it was two Russian families who eventually went head to head to secure the sale.

After fierce negotiating the lucky winner transferred the deposit for this £6,250,000 family home in record time and is set to move in within the month.

Commenting on the successful sale, James Wyatt, Partner of the award winning agency, Barton Wyatt, says:

"It is sales such as September House that make estate agency really exciting. In my 25 years in this industry, I have never seen such strong competition for a property. Both parties fell in love with the 10,000 sq ft new house but in the end, as it often does, money talks and the lucky buyer secured the deposit first.

"The indoor swimming pool was a big hit in this house, not to mention that the property had been dressed by well known interior designers, Alexander James Interiors who worked with Millgate Homes to create a perfect blend of luxury and sophistication."

September House's new owners will not be the only Russian residents in the area. This corner of leafy Surrey has become a hotspot for Russian families attracted to the open green spaces, easy commute to London, large detached new homes complete with high tech security features.  

James Wyatt continues,

'I wouldn't go so far as to say that this area has turned into 'Wentworthski' but I can certainly see why international buyers, including Russians, are buying in and around Wentworth in ever increasing numbers. Be it their primary family home or a country retreat, the estate offers some truly special homes."

If you are looking or reputable estate or letting agents in Surrey with a range of luxury properties, please contact Barton Wyatt.

London Luxury-Home Prices Rise on Lower-Taxed Property

Provided by Barton Wyatt Letting Agents Sunningdale

Luxury-home prices in central London rose at their fastest rate in three months in September, powered by demand for properties that escape a new higher rate of sales tax, Knight Frank LLP said. The average value of a house or apartment in the U.K. capital’s most expensive neighborhoods climbed 0.7 percent from August, according to an index compiled by the London-based broker. The annual increase was 10 percent compared with a 13- month low of 9.9 percent in August.

Chancellor of the Exchequer George Osborne raised sales tax for properties valued at more than 2 million pounds ($3.25 million) to 7 percent from 5 percent starting in April. The number of homes sold that weren’t subject to the higher levy rose by 23 percent in the third quarter from a year earlier. That lifted prices in the bracket by about 12 percent, Knight Frank said.

“London’s market performance continues to be aided by overseas buyers, who account for more than 50 percent of buyers in the 2 million-pound plus market,” Liam Bailey, Knight Frank’s head of residential research, said today in a statement.

Russian, Indian, Italian, U.S. and French nationals were the biggest buyers from overseas, the broker said. Foreign buyers accounted for 41 percent of prime London homes purchased for 1 million pounds or more.

Values have risen 51 percent to a record since March 2009, the low point for London’s prime residential market after the financial crisis, according to the report.

Knight Frank compiles the index from its own appraisal values of a sample of properties in the 13 most expensive central London neighbourhoods, such as Belgravia, Mayfair, Kensington and Knightsbridge.

Letting Agents Surrey

Virginia Water takes property millionaire top spot according to latest research from PrimeLocation.com

Article by Barton Wyatt Letting Agents Surrey

Newly researched data from PrimeLocation.com heralds Virginia Water in Surrey as the UK's number one property millionaire hotspot, overtaking last year's top pick Beaconsfield in Buckinghamshire.

Home to a higher proportion of properties valued at £1 million or above than anywhere else in the country, James Wyatt, partner of Barton Wyatt Estate Agents Surrey comments:

"Brought up in the heart of Virginia Water, I feel very privileged to have lived in this fantastic village all my life. It's no surprise that this area is the number one choice for a millionaire lifestyle especially considering the picture perfect village that borders the famous Wentworth estate; and its well renowned golf club which played host to the BMW PGA tournament just last weekend.

If you do have your eye on a property adjoining the fairways of Wentworth golf course, this privilege spot commands house prices in the region of £5 million and above. "

While the data from PrimeLocation.com lists the location of seven of the UK's top 10 millionaire towns in the South East - the wealthiest region in the UK, Virginia Water seems to be the crème of the crop with a staggering 48.5% of homes valuing at more than £1,000,000.

Nigel Lewis, property analyst at PrimeLocation.com remarks:

"There are a number of factors that have led these UK towns to become millionaire hotspots. Most of these areas are home to a high proportion of spacious and luxurious properties set in a peaceful and exclusive environment, within easy commuting distance of London, but this sought-after combination comes with a hefty price tag.

"Not only is Virginia Water a commuter town offering easy access to the Capital, it's also home to the famous Wentworth Estate which encompasses one of Europe's premier residential areas.

"With a significant proportion of the housing stock being large detached properties, the price of which averages £1,210,326, this affluent area has overtaken Beaconsfield as the UK's hottest £1m+ location."

But what will your millionaire wallet be able to afford in Virginia Water?

Cranberry Cottage Cranberry Cottage priced at a respectable £1,295,000 is the perfect example of a property in Virginia Water that gets snapped up quickly. As a perfectly modernised and extended character property with luxurious bathroom suites and a stunning open plan kitchen/breakfast/family room, this beautiful property is situated in a prestigious leafy residential road in Virginia Water, perfect for a restful and relaxed life.

Arundel  For someone with more money to burn, the Waverley priced at £3,950,000 is a brand new mansion built by luxury developer Danesfield Homes. The house is situated close to the heart of Virginia Water and comprises six bedrooms, six bathrooms, four reception rooms, double garage, private parking and beautiful gardens of approximately 0.60 acres.

Hyale  Or if you are after that exclusive house on the Wentworth fairways then Hyale, is the perfect property, costing £7,950,000. A very grand house opposite the 17th Green of the Championship West Course with 9,376 square feet of luxurious accommodation arranged over four floors with grounds approaching 1.63 acres.

For more information please contact Barton Wyatt on 01344 843 000 or visit www.bartonwyatt.co.uk.