Sandbanks breezes into The Good Beach Guide 2013

Sandbanks has been the recipient of some wonderful feedback this year. If online consumer recommendations are the way forwards, as we are led to believe, then Sandbanks must be very happy. The summer season has yet to begin.

Firstly, Tripadvisor users voted Sandbanks into the Travellers Choice Top 10 UK Beaches 2013. Beach fans voted where they are heard by one of the worlds most popular unbiased holiday review websites.
TripAdvisor
More recently The Good Beach Guide included Sandbanks in its Good Beach recommendations for 2013. The Sunday Times also recommended it as a good guide if you are thinking of buying a coastal home. Published by the Marine Conservation Society, the Guide is rich in environmental details, and it rates over 700 beaches nationwide by water quality.
Banks RoadBeach69
When Sandbanks was famously flagged as the fourth most expensive place to live in the world way back in 2008, it opened the door to a wave of media attention focused on its superhomes and luxury lifestyle. But there is a fresh appeal to Sandbanks and the story is now being told by a new powerful beach-loving voice.

That voice is reaching more home buyers seeking to tap into the appeal of the Sandbanks coastline. What’s more, if you look at the sold house price data for homes in Sandbanks over the last twelve months, there have been a healthy number of holiday home sales between £300,000 to £500,000. Yes, the contemporary waterside homes are significantly more, but the peninsular also offers many ideal modern family holiday apartments too.

Local investment in amenities like the cafes, playgrounds, lifeguards’ facilities and watersports really has made the area a perfect family destination whether you holiday there or take a step further and purchase a holiday home.
657On a final note voting in favour of Sandbanks, we have been enjoying these wonderful coastal photographs, by ‘manonabeach‘ posted onto his facebook page. Asking the question, “what does the beach mean to you?”, he answers it both visually and verbally through a series of photographs and online interviews. Could this be yet more approving voices we hear from the seashore?
1 shell

Property Marketing Insight – Sandbanks & Canford Cliffs, Poole, Dorset

Property in Sandbanks, Canford Cliffs and Branksome Park, Poole, Dorset – there is, we suspect, we would all agree, an intrinsic “je ne sais quoi” about why people buy property here – reasons could include a hefty sprinkling of lifestyle, climate, accessibility, seaside, sailing, golf, kindred spirits – but, at the end of the day, it all boils down to “It’s a great place to be.”

Banks Road 4 beach04

However, the brickbats are being thrown by HMRC and – increasingly – in a very targeted fashion. Stamp Duty increases over the last couple of years (>£1m @ 5%; >£2m @7%, 15% if corporate). More in prospect? Mansion Tax – if brought in by a Labour government, in our view it will have a material, negative, impact. Bad news. Outside London, this would be one of the few UK locations to feel the effect.

And then, there’s the economy ……… the banks are still hoarding cash as they re-capitalise their balance sheets; mortgages are far from plentiful and there simply aren’t so many people looking. More specifically, there are 130+ properties at prices in excess of £1.5m currently on the market for sale in BH13 and BH14, of which some 70+ are either plots where construction has not yet been started, plus those under construction or which are new (less than 12 months following completion), in all amounting to nearly £260m of property for sale (NB at asking prices > £1.5m ONLY).

However, it’s not all bad news for owners. That last figure is down from over £350m in October 2012 – there have been at least 24 such properties withdrawn from marketing (for various reasons) and a further 20+ sold subject to contract since then, so the (apparent) over-supply picture is improving. More than that, of those houses and apartments which have sold, the average discount to original asking price has dropped from c. 35+% to c. 25% in the same period. So, for those who do wish to sell, there is a market. But beware the flattery. There are too many property specialists out there telling you what you want to hear and, in the long run, they’re not doing you any service.

Overall, sales in the area are holding up: £55m worth last year (2012), in line with the 5 year average, even if 35% down on the peak property performance year 2007 at £85m. Not bad in a recession. But ….. a word of advice. Pricing realism is the key to achieving a sale.

Market snapshot – Properties within BH13, BH14, BH15 sold at prices > £1.5m

(NB: 2012 figures have been annualised from November 2012, the date of the latest
available Land Registry returns at the survey date)

Year

Branksome Park

Canford Cliffs

Sandbanks

Units

Sales

Units

Sales

Units

Sales

 

2012

4.8

£8,640,000

9.6

£23,984,400

3.6

£11,160,000

2011

7

£17,675,000

9

£20,625,000

3

£12,950,000

2010

4

£9,000,000

3

£5,300,000

1

£2,500,000