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David Kimmitt is Branch Manager at Kimmitt & Roberts
Kimmitt & Roberts is lucky enough to operate in an up and coming seaside location. Seaham, with its dramatic cliff top location has seen the biggest jump in house prices over a ten year period, with a current increase fi gure of 183 per cent, taking the average house price to £109,000 in 2012. We have been aff ected by the economic slump, however not as badly as some of our neighbouring towns.
There is a huge diversity of housing both in and around Seaham; £50,000 fi rst time buyer houses to £500,000 plus homes; Seaham can cater for all tastes. We pride ourselves on being ‘The Best’ in our postcodes, focusing on setting sensible asking prices on instruction and, by doing so, achieving on
average 96 per cent of the asking price so far in 2012.
But we are still up against other agents over valuing to gain business especially, now as new instructions slow down due to the holidays. They tell the vendor what want to hear – whether or not it is accurate. Secondly, they convince them that they can achieve that price, even if they cannot. Thirdly, they get them to sign up to a fi xed period where you cannot change agents regardless of their lack of delivery – 4 months or 6 months is common. Finally, they badger vendors to reduce their price down to the level it should have been all along, despite the fact that, at the time of the “valuation”, they were very convincing that the original recommended price was achievable. The practice of overvaluing is
widespread and is rife in this diffi cult market.
Rav Singh is Director of Hamilton Chess
As a leading independent agent, we cater for the spectrum of properties around the town which vary from purpose built one bedroom apartments from £150,000 to sought after Victorian villas at £5-600,000 upwards. This last quarter has been one
of our slowest, hampered by endless rain, sports fi xtures and market forces – I’m hopeful of the green shoots of recovery. Price reductions seem to par
for the course with reductions to 15 per cent of our stock. Windsor off ers several
attractions with Windsor Castle and Legoland topping the bill for tourists. Other leading attractions include Royal Windsor Racecourse while the river hosts many events with Olympic rowing taking place on the Eton Dorney Lake. The list of attractions further include, River
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Boat Trips, Theatre Royal, Carriage Rides along the Long Walk, The Changing of The Guards, The Royal Windsor Wheel, The Jubilee Fountain and Eton College across the bridge from Windsor all of which contribute to the liveliness the town has to off er. A migration of young families and couples from the west of London along the M4 corridors attracted to the wide open parklands surrounding the town, excellent schooling, transport connections and vibrancy of the town seem to be our market audience for both sales and lettings. The Slough Trading Estate is home to several leading successful companies including Mars, Telefonica O2, LG, Ferrari, UCB, and RIM to name but a few making the town of Windsor a highly sought after area.
TheNegotiator ● September 2012 ● 43
Seaham, County Durham
Average sale price £114,500 Average fee (sales only): 1.125% sales
% of stock reduced this month and average reduction: 11% reduced by average 7%
Number of viewings conducted so far this month (sales): 211 sales viewings and 14 sales agreed.
Windsor, Berkshire
Average sale price £400,123 Average fee (sales and lettings) sales: 1.2% sales, lettings: 12% average full management
% of stock reduced this month and average reduction: 5% reduced by average 15%
Number of viewings conducted so far this month: sales: 78, with 7 sales agreed, lettings: 37 viewings and 9 lets agreed.
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