Buyers flock to St Margarets

Julia Green, from Churchills Estate Agents gives us an appraisal of the current property market in St Margarets. Please also see the new St Margarets property page for more information.

The market in St Margarets has been very strong so far this year with an increased number of buyers being tempted over the water from Richmond and surrounding areas. There is an evident draw to the village atmosphere and certain pockets have become extremely sought after. These include roads in the village such as St Stephens Gardens which has seen prices close to peak 2007 levels. We have completed sales on two six bedroom semi- detached family homes in St Stephens Gardens within the last month, only just below the highest price achieved in 2007 which was £1,740,000.

Goodwin Kennah Mortgage Solutions, our Independent Mortgage Advisers have reported that lenders are now beginning to lend up to 90% again giving more confidence to the housing market and with interest rates at an historic low now is a good time to buy your first home or make that long awaited move. Despite the national press expectations of a decline in the prices in the second half of the year, St Margarets and Richmond remain very sought after and resilient with Hollywood stars such as Angelina Jolie being spotted in the area. Demand for prime property is escalating amongst affluent families and city workers wishing to keep their money in bricks and mortar rather than stocks and shares. According to Rightmove demand reports, in the last month (from 18.7.11 - 17.8.11) there have been 6306 searches for property in St Margarets and 5728 of these were specifically for houses.

Churchills have been exclusive to St Margarets for 20 years and our local knowledge and experienced staff provide an professional and seamless service from start to finish. Our clients become our neighbours and we are very much part of the community. If you are interested in finding out more about properties coming to the market in September or to arrange an appointment for a Complimentary Home Consultation on how to add value before selling and maximise the price achievable in the quickest time possible please call 0208 8913987.