Press

As Summer fast approaches, with the sun smiling brightly on London and the prospect of the 100th Chelsea Flower Show just around the corner, attention is swiftly turning to the attraction of a London garden.

According to Marsh & Parsons research, two comparable properties in the same area could vary greatly in price due to the impact of a garden or an outside terrace. A well situated, sunny facing garden can significantly boost the price of a London property, compared to one without, by as much as 20% or more. As the weather improves the importance of a garden or alfresco space such as roof terraces, balconies and gardens becomes an essential "must-have" for buyers.

If we place Notting Hill under the microscope, striking discrepancies exist between property types, specifically those which boast attractive outdoor space. For instance, this two-bedroom property with an outdoor patio garden (example) is £30,000 more expensive than another comparable two bedroom property in the same building (example). That represents a premium of around 5% for a property of relatively the same size, on the same floor and in the same building and primarily due to one having a private balcony.

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"This morning’s figures show yet more encouraging signs of a quickening recovery in the UK’s property market. There are wider signs of economic recovery and the London stock market is powering ahead, which is a sure indicator of  future growth prospects and with April being one of the strongest months for lending since the collapse of Lehman Brothers in 2008 there is a general feel of optimism in the air. The London property market continues to operate in its own microclimate, driving growth in UK house prices overall with consistently strong price increases. But a steady growth of 7.6% does not constitute a bubble. Bolstered by strong demand from both overseas and domestic buyers, together with government initiatives such as Help to Buy, the London property market looks set to continue its orderly rise."

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Marsh & Parsons is proud to announce the opening of their 19th office on London’s Baker Street – the site of the former Beatles Apple Store – as part of the agency’s expansion across the capital.

To celebrate the opening, Marsh & Parsons will be offering a 0% sales fee for the first three months following the launch until Friday 30th August. This represents a reduction from a standard commission of 2.5% and will save customers in the area an average of nearly £25,000.*

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Estate agent Marsh & Parsons is delighted to announce the appointment of Siobhan Staunton as the new Head of New Homes, based in Kensington.

Siobhan joins Marsh & Parsons from St George and previously Ward Homes (part of Barratt), where she managed the sales and marketing of luxury developments across central London. Siobhan has also worked as an Area Manager for a large national estate agent with clients including St James, Crest Nicholson and Shanly Homes, where she gained a wealth of experience in this highly competitive field.

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