21st Anniversary for Mullucks Wells Boosts Local Charities

Leading estate agent Mullucks Wells is marking its 21st Anniversary with a year-long celebration aimed at helping local charities.

To launch the anniversary year, the company has announced that it will give £100 to charity for each property it sells from now until April 2012.

Mullucks Wells, with offices in Bishop’s Stortford, Saffron Walden and Great Dunmow, was founded in 1990. To celebrate this landmark anniversary, the company will be supporting local charities by holding a series of fundraising events and sponsored activities.  Staff will also be offering “hands on” practical support to specific charity projects.

The Bishop’s Stortford office has chosen the Helen Rollason Cancer Trust as its charity for the year. The Trust was founded in 1999 in memory of sports journalist and TV presenter Helen Rollason, and operates cancer support centres, clinical drug trials and a research laboratory. The charity is planning a number of new projects and the Mullucks Wells office wants to provide its support.

Alongside their Bishop’s Stortford colleagues, the Mullucks Wells team in Great Dunmow has chosen West Essex Mind as their nominated charity and the Saffron Walden office will be supporting the development of a respite centre in Thaxted for adults with disabilities, run by ResCU, and which will provide respite for families from the surrounding area.

As well as donating £100 per sale, the company has also pledged £12,000 from its Lettings Department and £5,000 from its commercial operation in the year ahead. A wide range of fund raising activities are also being planned to help raise awareness of these three very worthwhile charities.

The company will also be helping their charities with hands-on support. Director, William Wells, said: “Not only will we be raising and giving vital funds to these worthwhile causes, but we also want to get our hands dirty! So we’ll be calling on all our staff and other contacts to give up their free time and expertise to help with painting walls, building furniture, clearing spaces to help make these charities’ plans a reality.

“It’s been a huge privilege to work in this community for 21 years and now it’s our chance to give something back.”

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The high emotion of an auction

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Caroline Culot, Archant property correspondent

I sat in on the Brown & Co property auction last week which fetched more than £3.4 m. Out of the 20 lots, two properties were withdrawn and two didn’t sell during the actual auction although one did sell under auction conditions afterwards. The general trend was that people were bidding against each other well over the guide prices and the star lot, a listed Georgian country house in need of renovation (in fact such was its state that some thieves had actually stolen some of its pamments before the sale,) went for £640,000, over the £485,000-£525,000 guide. I was pleased to learn it is going to be renovated as a family home. It was actually really exciting as in the room several people were interested and it’s not just pounds at stake but dreams too and many were realised, others shattered so there was a lot of high emotion.

The popularity of auctions is being seen across the board though with other agents; I saw my good friend John Howard, managing director of Fine & Country in Norfolk and north Suffolk, yesterday and he was saying how marvellous the Auction House operation is going too and I know Simon Arnes at William H Brown would echo this as he regularly reports on successful sales. I suppose buying at auction cuts out a lot of the time and stress involved in buying a property as when the gavel comes down, the sale is binding. Moreover, it’s a fantastic thing to see a property like the star lot get sold there and then with no messing around, a house which under a traditional selling route, could have stuck around on the market, deteriorating, for months and months.

Anyone out there with good or bad auction tales? I’d love to hear them.

You can follow me on twitter at Norfolkhomes24 or email me at caroline.culot@archant.co.uk

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Confidence in property increasing each week

By Sheron Harley, managing director of The Property Shop in Acle

What a month! The confidence level is increasing weekly as the market improves, as seen by the number of new properties becoming available. In our experience in the current market, if a property is priced correctly, it should sell very quickly – there are enough purchasers out there looking to buy that sales are getting tied up within hours of properties becoming available. Traditionally Easter is one of the best times to market your property, so if you are considering selling, now would be an excellent time to approach your local estate agent. With the weather continuing to improve and mortgages becoming more readily available, the outlook is looking good for the summer ahead. The budget has improved the situation with regard to first time buyers purchasing new build properties, and this will boost the building industry which, in turn, will assist the housing market. Property prices continue to remain stable in the Broads area, with no indication of this changing in the near future. Continuing with the positive theme, our independent mortgage advisor, Gary Rose, confirms that the number of mortgage schemes available is at its highest level in three years, with lenders regaining their appetite to lend, especially for those with a reasonable deposit. Therefore, the time could be right to think about that new home. 

You can contact Sheron Harley, managing director at The Property Shop in Acle on 01493 752100.

 

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Why should estate agents be Team players?

By Neil Parsons of Parsons & Co in Dereham and Reepham, Norfolk

In England the traditional way to offer houses for sale is to instruct one sole estate agent , and only when this does not work within a month or two, does a vendor decide to spread the net wider by asking more agents to help sell the property on a multi-agency basis. Inevitably this involves a greater cost and in today’s online environment it rapidly becomes obvious to the buying public that a vendor is becoming desperate, when they see the same property for sale with many different agents. In America and Australia there is a different approach, where all agents offer all properties, and the agents share the commission between them. It is very common for agent A to put the property on sale and agent B to sell it and work together and share the commission. There is a network of independent agents here which do the same thing, and who work together to sell properties and provide everything which buyers and sellers need. Team agents co-operate with each other to assist their vendors, they call it multi-listing and it means that every property a Team agent offers is available through every Team office.  Team has agents in most market towns, including Dereham, Reepham, Wymondham, Attleborough, Watton, Long Stratton and Diss as well as Norwich. Their network extends across the whole of the southern half of the country having 280 plus offices, with a very heavy presence in London and the M25 corridor and they all work together to help everyone buy and sell property.

Team agents retain their own identity, but are linked together by the familiar crystal clear Team logo and their unique way of working together. Each firm is run by it’s owner and offers a high degree of personal service and expertise. I am proud to be a long-standing member of Team and firmly believe that multi-listing offers a better way of selling and buying property. In effect Team gives a multi agency service for a sole agency fee.

Neil Parsons is on 01362 696895

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Good time to sell and buy but some properties are overpriced

By Simon Arnes, divisional managing director of William H Brown in Norfolk
 
The recent budget announcement of his First Buy Direct Scheme offering first time buyers interest free loans for deposits on new build properties, will help those looking to get on the property ladder.  This shared equity scheme will enable first time buyers to purchase a home with as little as a 5% deposit.  This in my opinion, is very good news and a worthwhile initiative that will help us get a few more first time buyers on the property ladder.  There is clearly a big desire still for home ownership and whilst many first time buyers are renting, they tell us their aspiration is still to become home owners. There are also some improved mortgage deals around. We are optimistic as we move into the crucial spring selling period and we are setting plans in place to be busy throughout April.  I would encourage any home owner thinking of selling to get your property onto the market quickly.  There is a good appetite from purchasers so it’s a good time to sell and buy however some of the existing stock on the market is still overpriced with some vendors being unrealistic in their expectations.  I have seen a number of these properties sell with an appropriate price reduction.  In areas of strong demand, some prices are now starting to rise.  However, in areas where there is oversupply, the price still has to be very competitive. 
William H Brown in Norwich is on 01603 760044 or email Norwich@sequencehome.co.uk
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Brown & Co auction sells properties worth more than £3.4million

By Peter Hornor, auctioneer and chartered surveyor at Brown & Co in Norwich

I am pleased to repocrt that after all the talk, inspections, hard work, viewings and client liaison, not to mention auction articles, the great day finally arrived last week. We had our spring auction at our new venue at the Assembly House. After a sleepless night wondering if anyone was going to turn up, the day arrived and it couldn’t really have gone better. We are delighted for our clients, generating more than £3.4m: the room was packed with over 200 people, all generating a great

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atmosphere. Clearly there is a market for properties in the city and county, whatever commentators say; the terraces all sold well in excess of their reserves and the rural entries in North Norfolk and beyond exceeded all expectations.

Peter is on 01603 629871

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Bovingdon, Tewin, Northaw, Little Gaddesden, Whethampstead and Cuffley and Chipperfield all rated within the UK’s richest villages

According to research from international real estate adviser, Savills, published last week in The Telegraph, Village England will never be the same again. Even during the recession, wealth has quietly seeped into favoured rural enclaves and they have officially become “millionaire villages”. New research based on Land Registry figures, reviewing sales of houses valued at more than £1 million over the past four years, shows that chic rural pockets now have prime value.

“Some have attracted so much wealth that they have become urban in character,” says Lucian Cook, who conducted the research at Savills. “Virginia Water in Surrey, for instance, where there have been 125 sales at more than £1 million, and Gerrards Cross in Buckinghamshire with 115, are no longer really villages. We see here the rise of the international village, especially in Surrey, Oxfordshire and Berkshire, close to Heathrow airport, good schools and the motorway network.”

Earlier this month Forbes published its new rich list, showing that the world had 214 new billionaires, of whom 32 — three more than last year — were in Britain. “Continued sales during the recession show there is still wealth around and it is being put into safe havens, though perhaps more discreetly than before,” Cook says.

Villages with their own commuter stations are also developing millionaire status as developers knock down and rebuild mini mansions to meet demand.

Fifteenth on the list is Cuffley, with Whethampstead coming twentieth.  Northaw was rated twenty sixth with Tewin thirty fourth and Bovingdon thirty fifth.  Little Gaddesden came forty second and Chipperfield was forty seventh.

Robert Adams, Head of Savills Harpenden, comments:  “When one considers the good selection of schools and the excellent transport links to central London, it is hardly surprising that so many Hertfordshire villages are so sought after.  What is interesting is that, purchasers, keen to move out of London to a country idyll, do not want to be too remote – usually, they want two to three acres of land and to be only within a 15 minute drive of the nearest town.”

THE TOP TEN

1 East Horsley, Surrey
2
Cookham, Windsor and Maidenhead
3
Alderley Edge, Cheshire
4 Chalfont St Peter, Buckinghamshire
5 Prestbury, Cheshire
6
Penn, Buckinghamshire
7 West Clandon, Surrey
8
Stoke Poges, Buckinghamshire
9
Bramley, Surrey
10
Wonersh, Surrey Continue reading

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