Prime Virginia Water Properties Top of Polls
Mortgage lender Halifax has recently released a report listing the twenty wealthiest streets to live on in England and Wales; the findings are a breath of fresh air to the property market after such a negative 2009, it would seem properties on these streets have maintained their price tags throughout the recession, however, serious interest will only come from those with deep pockets…
Overall the findings revealed that prices in the south east of England still outrank those in the north and Wales by some margin. Properties in the most expensive street in southern England cost more than four times as much as their equivalents in the most expensive street in the north. In Wales, properties on the most expensive street are on average £600,000 pounds compared to over £5 million in London.
Unsurprisingly more than half of the most expensive residential streets can be found in London’s Chelsea and Kensington, with the report showing many of these streets tightly clustered together. Moving away from the capital however the south-east glitters in golden properties. Surrey’s Virginia Water, Cobham and Weybridge are being targeted by foreign investors who are reportedly snatching up multi million pound properties in order to make the most of the weakened sterling.
Barton Wyatt, exclusive Virginia Water based estate agency is pleased but not amazed to see Woodlands Road West featuring in the top 20 wealthiest streets list. Here the average property will set you back £2.3 million based on property sales between 2005 and 2009. James Wyatt, Senior Partner at the agency comments, “In 2009 alone we have seen much higher property prices in the area than the stated £2.3 million average and in the future we would expect more roads to be cited in the wealthiest streets list based on the properties and estates on the market, how well they sell and the demand from wealthy buyers.
”Virginia Water exemplifies the best of high-end English living, many of the properties have been custom built to suit the owners’ requirements including leisure facilities and staff quarters and are set in private grounds providing a slice of English countryside whilst only being a short commuter distance from the centre of London as well as London Heathrow airport and London Gatwick, the M25, M4 and M3 motorways. Wealthy families are drawn to the area with its excellent schools.”
Properties in Virginia Water, sometimes referred to as ‘the stockbroker belt’, are roughly £400,000 higher than the national average and the area has also been listed in the Halifax report as the location for overall highest property values outside of London, something that Forbes agrees with specifically giving the GU25 postcode this rich status. This could be why it attracts celebrity residents such as ex-Formula 1 boss Eddie Jordan, Ernie Els, Bruce Forsyth and a number of foreign Royal families.
James Wyatt continues, “Woodlands Road West on the prestigious Wentworth Estate boasts properties such as Woodlands Brae which is currently on the market for £5,950,000. It is an example of a newly built mansion with approximately 11,000 square feet including an indoor swimming pool complex. The property has very generous room sizes including an enormous kitchen/breakfast/family room with a Smallbone Walnut and Silver kitchen, it offers a master bedroom with dressing room and en-suite bathroom, guest bedroom with dressing room and en-suite bathroom, four further bedrooms, three further bathrooms, staff flat with living room and bedroom, second floor games room, drawing room, dining room, sitting room, study, kitchen/breakfast room, utility room, sauna, swimming pool, gardens.”
With quality properties such as Woodlands Brae nestled on the likes of Woodlands Road West, it is no wonder that these streets command such high price tags for the post code status.
For more information contact Barton Wyatt on 01344 843 000 or visit www.bartonwyatt.co.uk