City, coast and coun­try, York­shire has the best of ev­ery­thing

Yorkshire Post - Property - - PROPERTY - Tim War­ing

IT prob­a­bly won’t come as a sur­prise that the lat­est re­search from Knight Frank states that properties by wa­ter in the south­west of Eng­land com­mand the largest wa­ter­front pre­mi­ums in the UK with up­lifts as much as 66 per cent.

East Anglia and the South-East at 43 per cent and 42 per cent, re­spec­tively, were the ar­eas that com­manded the next largest rises.

Our re­search also il­lus­trates that properties sit­u­ated on es­tu­ar­ies at­tract the high­est pre­mi­ums in terms of a wa­ter­front lo­ca­tion and that even those wa­ter­front properties that do not over­look an es­tu­ary or a har­bour are still worth sig­nif­i­cantly more than their in­land equiv­a­lents.

So why, one might ask, do we not all spend our week­ends, bank hol­i­days or sum­mer hol­i­days in trendy South-West, south coast or Nor­folk lo­ca­tions? Some might say it takes far too long to get there when there are many sunny des­ti­na­tions in south­ern Europe that could be reached in the same trav­el­ling time.

At risk of sound­ing like an ambassador for Wel­come to York­shire, I think there is a more fun­da­men­tal rea­son. We don’t have to move out of our own county to find ev­ery­thing we need for a re­lax­ing get­away. York­shire has such a wide di­ver­sity of at­trac­tions that you could be work­ing in a city in the morn­ing, walk­ing in the hills in the af­ter­noon and en­joy­ing an evening on the east coast, and you could do all that in one 24hour pe­riod. That is prob­a­bly why the A64 and other coast-bound routes are in­creas­ingly busy through­out the year and why the east coast is en­joy­ing a re­vival with new de­vel­op­ments, new ho­tels and an in­ward in­vest­ment that can only be of ben­e­fit to the re­gion.

In fact, I count my­self as one of those reg­u­lar trav­ellers who makes a point through­out the year, and not just dur­ing the sum­mer, of en­joy­ing a week­end break on the east coast af­ter the ups and downs of a week in the es­tate agency busi­ness in and around Har­ro­gate. The chance to have a walk or run on the beach on a Sun­day morn­ing is too good to miss and it is in­vig­o­rat­ing, come rain or shine. It is a great way to recharge the bat­ter­ies.

How­ever, that is not to say that we should all be aban­don­ing our towns and cities at the week­end. It is all a ques­tion of bal­ance and that’s some­thing we can eas­ily find in York­shire.

News of the county’s charms have spread and our statis­tics back this up. Last year, 38 per cent of Knight Frank buy­ers were from out­side York­shire. That fig­ure rose from 36 per cent the year be­fore. In 2010 it was 33 per cent.

Per­haps it is the unique com­bi­na­tion of towns, hills and coast that is at­tract­ing buy­ers. We clearly have it all.

So un­like the South-West, the good news for home own­ers in York­shire is that it isn’t only wa­ter­front views that are driv­ing the mar­ket.

As with any mar­ket­place, there are buy­ers who are still pre­pared to pay a pre­mium for what their hearts de­sire, be it hills with views, river or sea­side views or the con­ve­nience of an ur­ban set­ting with schools around the cor­ner.

How­ever, we re­main in a mar­ket­place that is in­creas­ingly price sen­si­tive. Due to the ease of ac­cess­ing prop­erty data on the in­ter­net, buy­ers are now very well in­formed be­fore they put for­ward their bids. They will have checked what other properties in the area have sold for re­cently.

So the key to suc­cess in sell­ing, be it in town, coun­try or the coast, is to be ac­cu­rate with re­al­is­tic pric­ing. This can even gen­er­ate com­pet­i­tive bid­ding and you may get more than you ini­tially asked for.

Knight Frank’s an­nual Prime Wa­ter­front In­dex re­veals that es­tu­ary hotspots in­clude Rock, Sal­combe, Dart­mouth, St Mawes and New­ton Fer­rers along with pres­ti­gious ar­eas such as Sand­banks and the Beaulieu River Es­tu­ary.

Tim War­ing is a part­ner of Knight Frank and leads its es­tate agent team in York­shire. www. knight­­ro­gate

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