THE WEEKLY ROUND UP

Se­lected snip­pets from the world of prop­erty

The Daily Telegraph - Property - - Cover Story -

FOR SALE: YOUR CHANCE TO DO A ‘GRAND DE­SIGN’

A rare build­ing with the po­ten­tial to be turned into an imag­i­na­tive fam­ily home is be­ing sold through auc­tion next week. The wa­ter tower in Stafford has amaz­ing views over the sur­round­ing area and is a blank can­vas for am­bi­tious self-builders. The Chan­nel 4 se­ries Grand De­signs has shown the ren­o­va­tion of such tow­ers over the years. It was pre­vi­ously a part of the Stafford Gen­eral Asy­lum and dates back to the 1800s, when it was de­signed by lo­cal ar­chi­tect John Pot­ter. It has a re­serve price of just £5,000 and the auc­tion will take place at the Mo­lineux Sta­dium, Wolver­hamp­ton, on Wed­nes­day through iamsold.co.uk, the on­line auc­tion com­pany.

MEL B CUTS THE PRICE OF HER LA HOME

The Spice Girl’s prop­erty in the Hol­ly­wood Hills, Los An­ge­les, has been on the mar­ket since last year. Ac­cord­ing to the Los An­ge­les Times, Mel B, pic­tured left, has put the fourbed­room house back on the mar­ket for a re­duced $7.495mil­lion (£5.5mil­lion), down from last year’s price of $8.995mil­lion.

She’ll still be mak­ing a big profit on it, hav­ing bought it four years ago for about $4.34mil­lion. It is mod­ern in de­sign and has a swim­ming pool and spa.

HIGH-END SALES SPEED UP BE­YOND LON­DON

Anal­y­sis of Land Reg­istry data by Knight Frank found that last year, sales of prop­er­ties worth more than £1mil­lion surged in ar­eas be­yond Lon­don’s com­muter belt.

While 60 per cent of mil­lion-pound-plus sales are in the cap­i­tal, high lev­els of house price growth in prime ar­eas be­yond has led to the geo­graph­i­cal spread of mil­lion-pound homes widen­ing.

The sharpest rise in high-end sales was in York­shire, where there were 40 per cent more such sales last year, fol­lowed by the North West with 36 per cent more and the West Mid­lands, with 19 per cent higher sales.

These are all ar­eas in which there has been strong house price growth in re­cent months.

The high­est num­ber of £1mil­lion-plus sales was in Elm­bridge, in Sur­rey, fol­lowed by Wind­sor and Maiden­head.

York­shire: higher price tags

Wa­ter tower: lots of po­ten­tial

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