Latest news with #JacksonStops
Yahoo
a day ago
- Business
- Yahoo
Home sales jump by a quarter month on month in May following April slump
The number of home sales picked up by a quarter month on month in May following a plunge in April as a stamp duty holiday ended, according to HM Revenue and Customs (HMRC) figures. Across the UK, around 81,470 home sales were recorded provisionally in May, which was 25% higher than April but a 12% fall compared with May 2024. Stamp duty discounts became less generous for some homebuyers from April, with people rushing to complete deals before the deadline. Stamp duty applies in England and Northern Ireland. HMRC's report said: 'The increase in transactions for May follows decreased transactions for April, which were likely brought forward into March to take advantage of the higher thresholds.' Tom Bill, head of UK residential research at Knight Frank, said: 'Housing transactions are still clambering back to normal levels after the stamp duty cliff-edge earlier this year.' He added: 'One thing slowing down the process is the vast quantity of stock on the market, which means asking prices need to be kept realistic to trigger activity. 'At this halfway point in the year, the tariff and stamp duty chaos are largely behind us, but tax rise speculation ahead of the Budget could see some buyer hesitation creep back in.' Nick Leeming, chairman of Jackson-Stops, said: 'In the current market, it's essential for sellers to remember there is always demand for a sensibly-priced property.' Nathan Emerson, chief executive officer of property professionals' body Propertymark, said: 'We have seen positivity regarding the number of properties coming to the market.' Richard Donnell, executive director at Zoopla, said data from the website indicates that 'new sales are being agreed at the fastest rate for four years, as more homes for sale means more buyers in the market, with the stamp duty changes in the distant past in the minds of home buyers'. He said: 'The market remains on track for 1.15 million sales in 2025, up 5% on 2024 levels as more households move home.' Amy Reynolds, head of sales at London-based estate agent Antony Roberts, said: 'The spring/summer market is traditionally a time when people prefer to move and this is being reflected in transaction numbers. 'There's plenty of desire to buy in the core price ranges and we're also seeing a rise in first-time buyer activity, even though the stamp duty holiday has ended. 'Many are receiving help from family and being driven by pressures in the rental market, where demand far exceeds supply and rental listings have dropped sharply.' Mark Harris, chief executive of mortgage broker SPF Private Clients, said: 'Transaction numbers have risen again as (Bank of England) base rate reductions encourage activity and enable borrowers to plan ahead with more confidence. 'We expect interest rates to fall further from their current level although the pace and size of cuts may be more gradual than the markets thought only a few weeks ago as a result of higher inflation and the wider economic picture. 'In the meantime, lenders continue to trim their mortgage rates as swap rates fall. Easing of criteria should also enable borrowers take on bigger mortgages in coming months.' Several mortgage lenders have recently announced changes to their affordability criteria, enabling some borrowers to take out bigger loans. This follows clarification from the Financial Conduct Authority (FCA), which also launched a discussion paper this week inviting debate on the future of the mortgage market to help support borrowers. Tony Hall, head of business development at Saffron for Intermediaries, said: 'Looking ahead, there are reasons to remain optimistic. 'With summer demand building and more homes coming to market, conditions are gradually shifting in buyers' favour as we move into the second half of the year.' Kevin Roberts, managing director of L&G's mortgage services business, said: 'Today's figures are encouraging for the industry, especially after the flurry of activity we saw in March to beat the stamp duty changes deadline.' Iain McKenzie, chief executive of the Guild of Property Professionals, said: 'The rush to complete in March created an artificial lull, but we are now seeing the return of genuine, underlying demand.' He continued: 'The recent (Bank of England base rate) cut to 4.25% has provided a welcome boost to buyer affordability. 'However, the most significant catalyst is the relaxation of affordability criteria from lenders. By enabling buyers to borrow more and stress-testing against more realistic rates, lenders have unlocked a new wave of purchasing power, playing a crucial role in driving these transactions forward.' He added: 'Buyers now have more choice than they've had for years, which is helping to keep price growth sustainable.'
The Independent
a day ago
- Business
- The Independent
Home sales jump by a quarter month on month in May following April slump
The number of home sales picked up by a quarter month on month in May following a plunge in April as a stamp duty holiday ended, according to HM Revenue and Customs (HMRC) figures. Across the UK, around 81,470 home sales were recorded provisionally in May, which was 25% higher than April but a 12% fall compared with May 2024. Stamp duty discounts became less generous for some homebuyers from April, with people rushing to complete deals before the deadline. Stamp duty applies in England and Northern Ireland. HMRC's report said: 'The increase in transactions for May follows decreased transactions for April, which were likely brought forward into March to take advantage of the higher thresholds.' Tom Bill, head of UK residential research at Knight Frank, said: 'Housing transactions are still clambering back to normal levels after the stamp duty cliff-edge earlier this year.' He added: 'One thing slowing down the process is the vast quantity of stock on the market, which means asking prices need to be kept realistic to trigger activity. 'At this halfway point in the year, the tariff and stamp duty chaos are largely behind us, but tax rise speculation ahead of the Budget could see some buyer hesitation creep back in.' Nick Leeming, chairman of Jackson-Stops, said: 'In the current market, it's essential for sellers to remember there is always demand for a sensibly-priced property.' Nathan Emerson, chief executive officer of property professionals' body Propertymark, said: 'We have seen positivity regarding the number of properties coming to the market.' Richard Donnell, executive director at Zoopla, said data from the website indicates that 'new sales are being agreed at the fastest rate for four years, as more homes for sale means more buyers in the market, with the stamp duty changes in the distant past in the minds of home buyers'. He said: 'The market remains on track for 1.15 million sales in 2025, up 5% on 2024 levels as more households move home.' Amy Reynolds, head of sales at London-based estate agent Antony Roberts, said: 'The spring/summer market is traditionally a time when people prefer to move and this is being reflected in transaction numbers. 'There's plenty of desire to buy in the core price ranges and we're also seeing a rise in first-time buyer activity, even though the stamp duty holiday has ended. 'Many are receiving help from family and being driven by pressures in the rental market, where demand far exceeds supply and rental listings have dropped sharply.' Mark Harris, chief executive of mortgage broker SPF Private Clients, said: 'Transaction numbers have risen again as (Bank of England) base rate reductions encourage activity and enable borrowers to plan ahead with more confidence. 'We expect interest rates to fall further from their current level although the pace and size of cuts may be more gradual than the markets thought only a few weeks ago as a result of higher inflation and the wider economic picture. 'In the meantime, lenders continue to trim their mortgage rates as swap rates fall. Easing of criteria should also enable borrowers take on bigger mortgages in coming months.' Several mortgage lenders have recently announced changes to their affordability criteria, enabling some borrowers to take out bigger loans. This follows clarification from the Financial Conduct Authority (FCA), which also launched a discussion paper this week inviting debate on the future of the mortgage market to help support borrowers. Tony Hall, head of business development at Saffron for Intermediaries, said: 'Looking ahead, there are reasons to remain optimistic. 'With summer demand building and more homes coming to market, conditions are gradually shifting in buyers' favour as we move into the second half of the year.' Kevin Roberts, managing director of L&G's mortgage services business, said: 'Today's figures are encouraging for the industry, especially after the flurry of activity we saw in March to beat the stamp duty changes deadline.'
Yahoo
08-06-2025
- Lifestyle
- Yahoo
Look inside: Cheshire country house sitting on former Crown Estate land up for sale
A period country house in Delamere, with its own indoor swimming pool and sauna, is on the market for a guide price of £3.25 million. The Grange, located in Abbey Lane and on the edge of Delamere Forest, is described by estate agent Jackson-Stops as a 'handsome' property. The land it occupies was part of the Crown Estate until it was sold 'in the early part of the 20th century'. (Image: Jackson-Stops) The house, which bears the date 1910, is constructed of brick with black and white decorative elevations at first-floor level beneath a slate roof. (Image: Jackson-Stops) The interior of the property retains many period features, including feature fireplaces, a 'handsome' staircase, high ceilings with decorative plaster detailing, woodblock floors, and panelled doors with deep architraves. The estate agent said: "Notwithstanding the formality of the original house, The Grange offers extremely comfortable accommodation which has been well maintained and adapted to cater for modern-day family living." (Image: Jackson-Stops) This includes an open plan kitchen connecting to the original dining room, and, on the first floor, several replacement bathrooms and, in the master bedroom suite, twin dressing rooms, a bathroom, and a study/hobbies room, which was originally a separate bedroom. The property also includes an attached leisure suite with an indoor swimming pool, sauna, and changing facilities. (Image: Jackson-Stops) In the rear courtyard, there is a two-bedroomed cottage, 'extensive' garaging, domestic outbuildings, and a shed. The shed is said to be suitable for a variety of uses including 'the housing of a car collection, helicopter, and boats'. (Image: Jackson-Stops) The approach is via twin entrance drives, and the residence is said to be 'protected by woodland shelterbelts' behind a beech hedge. The surrounding amenity woodland features clearings and mown walks. The whole estate extends to 6.25 acres, or 2.52 hectares. (Image: Jackson-Stops) For more information, or to arrange a viewing, call Jackson-Stops on 01244 565234.
Times
07-05-2025
- Business
- Times
What you get for £1.8 million in Norfolk, Wigan and Cyprus
Itteringham Mill dates from the early 18th century and has been transformed into a bright and airy six-bedroom, six-bathroom home. There is more than 4,500 sq ft of living space across three floors including a kitchen/dining area with floor-to-ceiling windows with sweeping views over the mill pool. Modern features include a water-sourced heat pump and underfloor heating. There are two self-contained cottages which are perfect for family or extra income potential. The property is in four acres of land, which includes a wildflower meadow, an island garden and plenty of parking. Itteringham is in between Holt and Aylsham. EPC C (potential B) — on a scale of A (best) to G (worst) Upside Fishing and wild swimming opportunities. Downside Flooding could be an issue. Price £1.8 million Contact Greater Manchester It's not often a fully moated 16th-century house appears on the market, but Gidlow Hall is just that. The property, just over two miles from Wigan, has 4,727 sq ft of living space and 7.41 acres of land. It is accessed via a no through lane with a tree-lined sweeping drive, so there is a high degree of privacy. There are three reception rooms, five bedrooms and three bathrooms, including a main bedroom with en suite bathroom and a terrace. There is also a barrel-vaulted cellar and double garage. EPC C (current and potential) Upside Further land available. Downside The bridge can't be drawn up. Price £1.795 million Contact London SW11 Just off Clapham Common, in one of south London's most sought-after locations, this family home has nearly 2,000 sq ft of accommodation, a private garden and plenty of storage space. The ground floor is one large broken-plan room, with a kitchen, dining space and reception area. Upstairs there are four bedrooms and three bathrooms across two floors, plus potential for a small fifth bedroom. The lower-ground floor has a cellar which is currently used as a gym. EPC D (potential C) Upside Freehold. Downside No off-road parking. Price £1.8 million Contact Wiltshire The Glen, wrapped in wisteria, offers a blend of period character and modern family living with a swimming pool, tennis court and 1.5-acre paddock. It is grade II listed and has three reception rooms on the ground floor, plus a large kitchen/breakfast room, office, study, guest WC, downstairs bedroom and bathroom. On the first floor are three bedrooms, two bathrooms and WC, including a main bedroom with a dressing room and en suite bathroom. Kington Langley is about two miles from Chippenham, and 18 miles from Bath. EPC E (potential D) Upside Self-contained suite for multigenerational living. Downside Interiors are outdated. Price £1.8 million Contact North Yorkshire Bag yourself a mini estate in Sherburn in Elmet, a town 30 minutes' drive from Leeds. Stream Farm and Stream Fields are two hefty dwellings — the first has five bedrooms and five reception rooms, and the second is a three-bedroom fixer upper — plus a self-contained apartment, outbuildings and 2.5 acres of grounds. A large shed within the grounds generates income. Want more land? An additional 12.5 acres is available by separate negotiation. EPC N/A Upside There are good schools close by, including three Parent Power-ranked schools within a two-mile radius. Downside There's a lot to manage. Price £1.8 million Contact Advertisement West Sussex With stunning views of the South Downs National Park, Rhiw has no shortage of country charm. It is grade II listed and the ground floor benefits from exposed timber beams, brickwork and open fireplaces, as well as a conservatory which opens out into the garden. Also downstairs are three more reception rooms, a large kitchen, shower room and bedroom. Upstairs are three more bedrooms, one with an en suite bathroom, as well as a family bathroom. The split-level garden has views over the countryside, al fresco dining space and a number of outbuildings. Amberley is a historic village close to Storrington and Pulborough. EPC N/A Upside Underfloor heating via ground source heat pump. Downside The balcony is accessed via the bathroom. Price £1.795 million Contact Oxfordshire Orchard House is a spacious family home on the edge of the Cotswolds with a Georgian façade, high ceilings and beautifully maintained gardens with a grapevine-wrapped pergola and prolific asparagus bed. On the ground floor there is a generous 500 sq ft living room, kitchen, dining room, office, bathroom and separate WC. Up the curved wooden staircase are four bedrooms and two bathrooms. EPC D (potential B) Upside Off-street parking. Downside No orchard. Price £1.8 million Contact Angus This high-spec five-bedroom house lies among lush green Angus farmland four miles north of the desirable Dundee suburb of Broughty Ferry. Designed by the award-winning architect Heinz Voigt and built 20 years ago, Woodville mixes traditional Scottish architectural elements such as sandstone pillars and heavy mahogany doors with luxurious contemporary fixtures, including a handcrafted David L Douglas kitchen. There are 7.5 acres of grounds which have been shaped with relaxing and entertaining in mind. They include a large pond with waterside dining area, and a pavilion with hot tub, stone-built bar and barbecue area. EPC D (current and potential) Upside Linked one-bedroom cottage perfect for guests or multigenerational living. Downside Contemporary design won't be everyone's idea of the perfect country house. Price Offers over £1.795 million Contact Perth Keillour Castle was built in the mid-19th century, but beneath it lie the remains of a structure dating back hundreds of years. The substantial seven-bedroom, seven-bathroom property has been fully restored and given a high-end contemporary makeover, save for a few final cosmetic touches awaiting application by the next owners. A bespoke Shaker-style kitchen by the luxury interior designer Sculleries of Stockbridge is a particularly outstanding detail. There are more than 43 acres of grounds, which include two gardens of historic botanical interest. EPC F (potential D) Upside Three additional traditional estate dwellings with potential. Downside In need of some final renovation before being move-in ready. Price Offers over £1.8 million Contact Cyprus Part of a luxury lifestyle resort, this southern Cypriot property comes with access to an 18-hole golf course, clubhouse, wellness spa, bar, restaurant and boutique stores. There is an infinity pool with panoramic mountain views, as well as a large patio, perfect for dining alfresco. Inside there are three bedrooms and two bathrooms, a dual-aspect living space and kitchen. Paphos is a 20-minute drive away. Upside Landscaped gardens and covered parking. Downside You would need a car to leave the resort. Price £1.794 million Contact Advertisement … and a ready-made holiday business in Pembrokeshire Clydey Cottages is an award-winning luxury holiday cottage complex, and it's available to purchase turnkey. It's in the heart of Pembrokeshire and the site includes ten holiday units, a heated indoor swimming pool, sauna, games room, spa treatment room and hot tubs. The 15.8 acres of grounds have landscaped gardens, wildflower meadows, woodland walks, and the farm offers animal feeding and egg collecting for families. There are plenty of walks and beaches a short drive away. EPC E (potential C) Upside Future bookings in place. Downside The cottages could be spruced up. Price £1.8 million Contact Find more daily Property & Home content here
