SU­PER SUB­URBS

Caro­line McGhie re­veals the most valu­able prop­erty mar­kets in Eng­land and Wales, form­ing a halo of wealth around Lon­don

The Sunday Telegraph - Sunday - - Life Property -

Watch out for the Su­per Sub­urbs. While Lon­don prop­erty prices have soared in the aus­ter­ity era, the coun­try’s most prized sub­urbs have qui­etly con­tin­ued to in­flate. Big houses in am­ple gar­dens, pri­vate roads and es­tates, coun­try life with­out the mud and Har­vey Nicks and the West End a quick train ride away have made key lo­ca­tions into 24-carat in­vest­ment zones. New re­search look­ing at the most valu­able mar­kets in Eng­land and Wales by elec­toral ward, re­veals that a halo of ar­eas around the cap­i­tal, iden­ti­fied by The Sun­day Tele­graph as Su­per­bia at the end of the last boom, have re­cov­ered from the slump and be­come mil­lion­aire en­claves. Nine Su­per Sub­urbs now have av­er­age prices of more than £1mil­lion, of which five are in Sur­rey. “Prime sub­ur­ban prop­erty rose 4.7 per cent last year, and th­ese are the only ar­eas out­side Lon­don where prices are now higher than pre-crunch,” says Lu­cian Cook of Sav­ills Re­search, who car­ried out the anal­y­sis. “In some ar­eas, where the buyer pro­file is sim­i­lar to Lon­don, prices are more than 20 per cent above peak.” In­ter­na­tion­als now con­sti­tute 20 per cent of buy­ers above £2mil­lion in the top streets. The com­bi­na­tion of tro­phy houses, se­cu­rity, ac­cess to Lon­don, chic restau­rants and shops pro­duces what he calls a “vir­tu­ous cir­cle of wealth at­tract­ing wealth”. in Cob­ham where they can en­joy the peace­ful life­style, ac­cess to ex­cel­lent schools and to Lon­don,” says Jeremy Camp­bell-Har­ris of John D Wood. For sale: De­tached Twen­ties house with five bed­rooms, £1.65mil­lion, John D Wood (01932 864252). Sur­rey. Drop: in five years down 2 per cent, over 10: up 102 per cent. Av­er­age house price: £1,163,537. “Vir­ginia Wa­ter is known for its pe­riod coun­try houses and be­spoke mod­ern man­sions,” says Daniel Burstow of Sav­ills. “The ca­chet of the Went­worth Es­tate and its world-fa­mous golf cour­ses, easy ac­cess to Heathrow and Lon­don and the in­ter­na­tional school nearby mean over­seas buy­ers love it. “Prime prices con­tinue to grow and could in­crease by around 20 per cent over the next few years.” For sale: Hill House in West Drive, with five bed­room suites, in­door pool and spa, buggy ac­cess to the East Course, £11mil­lion, Sav­ills (01344 295355). Buck­ing­hamshire. Rise: in five years 30 per cent, over 10: 57 per cent. Av­er­age house price: £1,161,422. Lon­don fam­i­lies in search of good schools as well as wealthy East­ern Euro­peans are buy­ing here, ac­cord­ing to An­drew Ri­ley of Hamp­tons In­ter­na­tional. They love to knock­down-and-re­build to achieve the house of their dreams. For sale: Six-bed­room de­tached house in Farn­ham Com­mon, £1.195mil­lion, Hamp­tons In­ter­na­tional (01753 720151). Sur­rey. Rise: in five years 51 per cent, over 10: 129 per cent. Av­er­age house price: £1,140,281. A pri­vate, se­cure es­tate like no other, gated and guarded, built as a new stock­bro­ker belt around the golf club in 1912. Old pop stars, oli­garchs and rulers-in-ex­ile come here for peace and quiet. Rus­sians now own about 25 per cent of the es­tate, which ex­tends over 900 acres. Around half the 30 sales last year were for knock-down-and-re­build, ac­cord­ing to Si­mon Ash­well of Sav­ills. “A new house will cost as much as the site to buy, and take up to two years to com­plete,” he says. For sale: Cae­sars Cot­tage, with five bed­room suites, in­door pool, gym, cin­ema, £12mil­lion, Cur­ch­ods (01932 843322) and Sav­ills (01932 838000). Sur­rey. Rise: in five years 10 per cent, over 10: 96 per cent. Av­er­age house price: £1,129,153. The se­cret of Esher’s suc­cess is its “Lon­don style with vil­lage at­mos­phere” ac­cord­ing to Alex Her­man of Knight Frank. Bou­tiques, restau­rants, rac­ing at Sandown Park, in­ter­na­tional schools – it has the lot. For sale: Win­drush, on a gated es­tate, with six bed­rooms, £3.35mil­lion, Knight Frank (01372 464496). Hert­ford­shire. Rise: in five years 29 per cent, over 10: 66 per cent. Av­er­age house price: £1,109,969. “Moor Park is an ex­tremely sought-af­ter pri­vate es­tate con­sist­ing of sub­stan­tial mod­ern fam­ily homes. Prices start at £1.5mil­lion and peak at £5mil­lion,” says Chris Ryall of Hamp­tons In­ter­na­tional. It also has its own Tube Best of both worlds: Pain­shill Park, Cob­ham, is a short jour­ney from Lon­don. Princes Rid­ing, left, (8), £1.95m in Ash­bridge, Hert­ford­shire sta­tion on the Met­ro­pol­i­tan Line. For sale: Daneswood, Moor Park pri­vate es­tate, four bed­rooms and pool, £1.65mil­lion, Sav­ills (01923 824225). Hert­ford­shire. Rise: in five years 65 per cent, over 10: 119 per cent. Av­er­age house price: £1,030,250. Large houses in big gar­dens scat­tered along a few roads in Henry VIII’s for­mer hunt­ing es­tate, with Berkham­sted nearby for shops and trains to Lon­don. For sale: Princes Rid­ing, with six bed­rooms, £1.95mil­lion, Aitchisons (01442 873901). Buck­ing­hamshire. Rise: in five years 26 per cent, over 10: 63 per cent. Av­er­age house price: £1,021,312. “Many buy­ers say they find the com­mute from Bea­cons­field quicker than from Chiswick or Wandsworth,”

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