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Durrants launches luxury bungalow development in Chedgrave

Church View, Chedgrave. Velo Homes Durrants

Durrants is delighted to bring to the market an exciting development of five brand new bungalows in partnership with Vello Homes.

Development is underway at Church View in the charming village of Chedgrave, near Loddon, providing easy access to The Broads AONB as well as the city of Norwich. There will be a variety of 3-bedroom bungalows each with spacious garden, ample parking and attractive rural views.

Vello Homes has a long history with over 30 years of delivering high quality homes in East Anglia. The company is owned and based in Brundall and specialises in small scale, high quality, bespoke housing developments within a 20-mile radius of Norwich.

“We’re thrilled to be working with Vello Homes on this project.” said Dominic Parravani, Managing Director for Durrants. “There’s great synergy between our two companies; both family owned with our roots firmly in the East Anglian soil and both committed to providing our clients with the very highest standards. We’re looking forward to seeing the development take shape and find buyers for these high spec homes.”

Enquiries for Church View, Chedgrave are being managed via our Southwold office. For further information call us on 01502 723292 or email southwold@durrants.com

Church View, Chedgrave. New development from Durrants
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Charity Clay Shoot a Great Success

Durrants Charity Clay Shoot 2021

On Friday 8th October 2021, after an enforced break due to Covid, the annual Durrants charity clay shoot was held in its usual beautiful surroundings of the water meadows and farmland of Red House Farm, St Margaret- South Elmham by kind permission of Mr Philip Kidner.

Once again this popular event was run to raise funds for the Royal Agricultural Benevolent Institution, a national charity that provides local support to farming communities across England and Wales.

Blessed with wonderful weather, fourteen teams came together to shoot two 100-bird flushes, kindly provided by local gunsmiths A Richardson & Sons of Halesworth. BBQ and refreshments were available throughout the day.

Once shooting had ceased, scores were checked and double checked with the winners being announced by Nick Durrant, from Durrants. The winners were James Griffiths and his team from Griffiths and Taylor Structural Engineers.

Dominic Parravani managing director from Durrants said “The day has been a great success. It’s lovely to be back after missing last year’s event.”

The final figure for the funds raised is still to be confirmed, but 100% of proceeds will be donated to RABI.

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An Exciting New Challenge for Lisa

Lisa Brown Residential Sales Manager, Durrants Beccles

We’re delighted to introduce our new Residential Sales Manager for Beccles, Lisa Brown.

Lisa has been a valued member of the Durrants team since 2010 holding positions of Senior Negotiator and Residential Sales Manager of their Southwold office. Prior to joining Durrants, Lisa worked, for 13 years, at a well renowned local law firm in their conveyancing department during which time she ran her own caseload.

“I love Beccles, I’m so happy to be back here – it’s where my roots are. Despite the recent pandemic it’s a thriving town with so much going on. Beccles is a wonderful place for all generations to live with the River Waveney right on the doorstep, the beautiful Suffolk Coast just 15 minutes away and Norfolk’s county city, Norwich, just a short drive or bus journey away.”

Dominic Parravani, Managing Director and Head of Residential Sales for Durrants said of the appointment, “Lisa’s wealth of knowledge and experience in the East Anglian property market is outstanding and her rapport with clients has earned her countless testimonials over her years with Durrants. The Beccles property market is incredibly competitive and I know that Lisa and her them will thrive on the challenge.”

If you have a property in or around Beccles and are considering a move, why not get in touch with Lisa and her team for a free, no obligation property valuation. Call our Beccles branch on 01502 712122 or click here to request a valuation online.

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Promo for Flo!

Southwold residential sales manager Florence Bond

We are delighted to announce the promotion of Florence Bond to Residential Sales Manager of our Southwold Office.

Florence joined the Durrants team in September 2017 and since then she has shown total professionalism and dedication as she has rapidly stepped up the career ladder.

Dominic Parravani, Managing Director and Head of Residential Sales commented “From the young person who came to see me for a role we didn’t have and then impressed so much with her enthusiasm, her hard work, her tenacity, her driven pursuit of knowledge and qualifications, her total professionalism and her ability to be continually cheerful and keep me in check! Very proud!”

Florence leads an enthusiastic and professional team of 9 from the High Street office and will have a challenging job ahead maintaining the Company’s leading position in the local property market. Durrants has outperformed all other estate agents in Southwold and Reydon in the last 12 months, completing three times more sales than the nearest competitor and almost half of all residential sales in the area.*

“Working through a pandemic has certainly been a tremendous learning curve. We’ve seen the market change dramatically and the challenges it brought to the property market would have been unimaginable 18 months ago.” said Florence. “I’m really proud of our team and their commitment to what they do. Their hard work and effort are what have built our reputation in Southwold and the surrounding area.”

We wish Florence all the best in her new role and look forward to many more years of success for her and the Southwold team.

Pictured: Dominic Parravani presents Florence Bond with a bottle of Champagne to celebrate her promotion to Residential Sales Manager for Southwold.

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Bringing the Community Together in Beccles

Beccles Library donation from Durrants

Beccles library is a much needed hub for the local community and its team is working hard to bring people back together this summer after the long social separation caused by the pandemic. With an extensive program of events and big plans for future development there certainly is a lot going on.

This summer, children have the opportunity meet alpacas and miniature donkeys, owls and skunks, build their own build feeders, plant seeds and even find gold at the end of the rainbow, not to mention the Lego Club, Forest School and British sign language clubs. All these fabulous and free activities have been coordinated to run alongside the Summer Reading Challenge, a tremendous scheme run annually in libraries across the country.

“Libraries are about far more than books, we are a social care service.” Says Sharon Chapman, Beccles Library Manager. “Visitors to the library come for all sorts of reasons, which could be anything from using our PCs and printing services, attending one of our community group activities or simply just for a chat. We have groups for new parents, families with pre and school age children and for teenagers too.”

“We maintain strong links with all of the local schools. This summer, most of our volunteers have come from Sir John Leman High School, and they will be listening to younger children read as they progress though the Summer Reading Challenge, while also assisting with a very busy schedule of events and activities. We all feel it is vital to present a summer of fun and relaxation for our local community, especially after the horrible year everyone has endured.”

There are grand plans ahead for Beccles Library with an extensive refurbishment of the children’s library planned. The project, the date for which is to be confirmed, will see a total transformation of this area which will incorporate bright colours and appealing graphics to draw young visitors in. There will be child height ‘book boxes’ to promote independent choice, tables and chairs for families to come together for drawing activities and a ‘book nook’ in which to snuggle up and enjoy getting lost in the pages of a book. In addition, there are plans arrange stock and space so that young adults have their own separate area away from the children’s space.

This work is in addition to wider remedial work to the building’s roof, doors and windows which will be funded by owners of the premises, Suffolk County Council, to the value of approximately £250,000.

Durrants Charitable Foundation is delighted to have made a financial contribution of £750 to this wonderful project which will benefit families from Beccles and beyond.

“Bringing the community back together after such a long time apart is tremendously important” commented Dominic Parravani, Managing Director of Durrants. “The team at Beccles Library is doing a sterling job and their passion and enthusiasm is evident in everything they do. We are proud to support this exciting refurbishment project and look forward to seeing it come to fruition.”

Beccles Library Community Trust supports and fundraises for Beccles Library and has been instrumental in sourcing funding for the children’s library project and would be interested in speaking to anyone who is able to support them further. For more information please contact Sharon Chapman on sharon.chapman@suffolklibraries.co.uk

IMAGE: Local children enjoying the Summer Reading Challenge in the library garden.

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The benefits of bungalow living

pros and cons of buying a bungalow

Finding your ideal home can be a tricky business. Of course it’s essential to have a wishlist to make sure your key criteria are met, but it’s also important to approach your property search with an open mind – your ideal home might not actually look like you think it will.

Choosing a bungalow might not be something you’ve considered, after all, they do have a reputation with some for being only for the elderly; but that’s simply not the case, in fact there are quite a few advantages to owning a bungalow.

Bungalows are a good investment

Fewer bungalows are being built in the UK yet demand remains strong. This means that bungalows hold their value and can appreciate more than other property types. That said, it is true that, due to demand, bungalows tend to be more expensive per square metre.

Space and privacy

Many bungalows were built several decades ago when the need for housing was not as great and space was not at such a premium, so tend to have bigger plots. Outdoor space on bungalow plots typically includes a driveway as well as front and rear garden. In addition to the great outdoor space, bungalows offer more privacy, with neighbouring properties also being single storey buildings that have limited if any view into the neighbouring plot.

Great for Families

As we’ve already mentioned, bungalows are often thought of as for the elderly, and it’s true, they are ideal for senior living, but they’re also a great solution for families. The lack of stairs means there’s one less thing to worry about when there are youngsters toddling about, plus having bedrooms on the same level as the living areas means that children are not too far away so you can easily keep an eye on them. This is also a plus as the kids reach their teenage years and disappear into their bedrooms for hours on end to isolate themselves from the rest of the world.

Housekeeping and maintenance made easy

Let’s face it trudging the vacuum cleaner up and down stairs is a bit of a pain. There’s none of this in a bungalow. With all the accommodation on one level, the housework is a much easier task. It’s also less challenging to carry out regular maintenance work such as cleaning windows, facias, guttering and any roofing work.

Potential to extend

As already mentioned, bungalows tend to have larger plots with space to the rear and front of the property, giving greater potential to extend outwards. Bungalows often have large, high unused loft space too which can be perfect for extending upwards – a loft extension can make a fabulous bedroom and even and ensuite.

Make it your own

Due to the age of many bungalows and the typical demographic of bungalow owners (who have often lived in them since they were built), properties that come to the market are often in need of renovation or modernisation. Of course, this can deter some people but it offers a terrific opportunity to create a real transformation and make your mark on the property.

 

We’ve highlighted here some of the many benefits of bungalow life although, of course, some would argue the disadvantages of living in a bungalow. Some feel insecure sleeping on the ground floor, others don’t like the lack of separation between bedrooms and living areas. Weighing up the pros and cons is a personal choice. But what’s important when conducting a property search is that you check out all the options. You might just find what you’d dismissed as a ‘no’ turns out to be your forever home.

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What does the easing of Covid restrictions mean for property viewings?

please wear a mask

The country seems divided over the forthcoming lifting of Covid restrictions.  Whilst some are delighted and keen to return to life as normal, others are approaching this next step with an element of trepidation as the media, once again, reports daily increases in Coronavirus cases.

The Test and Trace system is doing its job, but several local businesses are suffering disruption to their service levels as more and more of their staff are contacted and requested to self-isolate.

Here at Durrants the safety of our clients and staff remains paramount and we pride ourselves on the high level of service we offer our clients. We feel that relaxing our Covid-19 procedures at this stage would not be appropriate and therefore we would like to take this opportunity to remind you of the safety measures we have in place for property viewings.

Guidance for Buyers

Whilst each request will be dealt with on a case-by-case basis, an overview of these guidelines are:

  • Our staff will ask all prospective viewers, prior to arranging a viewing, whether they are experiencing any symptoms of Covid–19 or are self-isolating. If a prospective viewer, or anyone in their household, is experiencing symptoms they will not be able to view.
  • Viewings are only able to be carried out by appointment and no open house viewings should take place.
  • Viewers will be expected to bring their own PPE. Our staff will also be wearing PPE. If a viewer arrives without necessary PPE then our staff or the vendor will not be able to carry out the viewing.
  • Viewers are asked to avoid touching surfaces within the property.
  • Viewers are asked to restrict the number of people that accompany them on the viewing. You are only able to view with members of your immediate household.
  • Social distancing rules are to be followed at all times.
  • We will aim for all viewings to take no longer than 20 minutes to minimize risk.
  • When booking, you will be sent a full list of the procedures put in place.

Guidance for Sellers

Our staff will ask you prior to arranging an appointment whether you are experiencing any symptoms of Covid–19 or are self-isolating. If you or anyone in your household, is experiencing symptoms we will not be able to carry out the appointment. Viewers will also be asked the above prior to arranging a viewing.

Durrants will ask you to;

  • ensure all surfaces, such as door handles, are cleaned with standard household cleaning products and towels disposed of safely or washed as appropriate, prior to and post, the appointment.
  • open all internal doors and cupboards prior to the appointment.
  • where possible, vacate the property for the viewing and if not possible, keep a minimum two metre distance from both Durrants staff and viewers.
  • Durrants staff will attend the viewing wearing PPE.
  • We will aim for all viewings to take no longer than 20 minutes to minimise risk.
  • Durrants will have sent out guidance prior to the appointment to the viewers to ask them to:
    – Wear PPE to the viewing
    – Attend the viewing with the minimum amount of people possible
    – Not touch any surfaces in the property
    – To follow social distancing guidelines throughout the appointment.

This information is correct at time of publishing (15th July 2021).  

Please click here for the latest guidance for buyers and sellers.

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Keep the home fires burning

Stamp duty announcement Budget 2021

Managing Director and Head of Residential Sales for Durrants, Dominic Parravani comments on Mr Sunak’s budget.

In his spring 2021 Budget the Chancellor of the Exchequer, Rishi Sunak, has chosen to keep the fire under the property market well and truly alight.

The UK is now experiencing a property buying demand reminiscent of a 1970s or 1980s type boom. We know there’s a property boom when adverse events that might otherwise have knocked the market off course fail to do so. Lockdowns 2 and 3 haven’t dented the recharged enthusiasm for property purchase, which began in the first lockdown; nor have the threatened end of the stamp duty holiday or the dark cloud of a post-furlough unemployment spike.

It’s clear that the wider British public is back in love with home ownership, and the Chancellor has chosen to give that fire a further stoke. Mr Sunak has extended the stamp duty holiday from the end of March to the end of June. After this date, the starting rate of stamp duty will be halved to £250,000 until the end of September.

The Budget announcement also included a mortgage guarantee scheme to help people with small deposits get on the property ladder by offering incentives to lenders to provide 95% mortgages.

Simultaneously the Chancellor is easing the country from an end of furlough cliff edge and has turned away from increasing capital gains tax – an increase in CGT could have dented the holiday home and investment sectors. These moves point the way to a lively property market through 2021.

Out of the Chancellor’s control, but helping the market with other boosts, is the sensational march of Covid vaccinations and the pandemic-prompted and facilitated sea change in lifestyle choices.

With the public looking forward to the stepped retreat from lockdown and many people planning new ways of working between office and home, there are compelling new opportunities for buyers looking for first homes or for homes with more room in different surroundings.

As we wake up from the Covid nightmare it looks as if, aided by the Chancellor, a greater number of people will be turning some of their more pleasant lockdown dreams into realities.

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Exodus

Demand for Suffolk countryside properties increases due to covid

Managing Director and Head of Residential Sales for Durrants, Dominic Parravani looks ahead to a busy spring in the property market.

In the wake of Covid 19 the UK experienced an exodus. This was the evacuation of urban dwellers to the land of milk and honey – the countryside.

The flight from city lockdown to a pastoral idyll was and is a compelling idea, especially when working practices have changed so much in the light of the pandemic.

But will this movement last? In a post-vaccination world there may be a gradual drifting back to the pleasures and convenience of big town or city life. But for many the change in lifestyle is now locked in. Roots have been put down in earth rather than concrete.

Despite the looming end to the stamp duty holiday deadline on March 31st there is little or no let up in demand. Lockdown 3 has brought even more buyers to the market and house price rises have reflected this.

Many exodus purchases have been a straight swap – town for country. But a good proportion of transactions have been for holiday homes with a view to longer-term permanent living through career change, altered lifestyle or retirement. This is clever thinking as any potential rises in capital gains tax could favour greater investment in principal residences, rather than second homes.

Covid19 has affected the property market in ways that we never expected, and we imagine it will continue to do so for quite a while. Unwelcome, horrifying and shattering as the disease is, for many buyers and sellers it has also unexpectedly proved to be a profound catalyst for change. If Covid19 fades in its potency into the spring and summer, we think those changes will continue to grow and become wonderful new opportunities. For many, the land of milk and honey beckons.

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The increased demand for rural and coastal properties explained

rural property sales in norfolk and suffolk

Since the initial lockdown in March, the demand for rural properties has increased massively due to changing property priorities and working habits.

Rightmove’s yearly review for 2020 shows that both coastal and rural areas were favoured by buyers as many moved away from central locations.

The top 10 best selling areas in the UK last year were dominated by idyllic locations, such as Devon, Surrey and Somerset.

Similarly, properties with larger living areas, dining rooms and gardens all seemed to be the most popular on the market.

With many expecting to be working from home for a while, or even swapping to remote working on a permanent basis, the significance of a central location is no longer as prevalent for buyers and tenants.

According to Rightmove, out of the top ten best selling areas of 2020, seven of those had a population of 10,000 or less, showing that life away from the hustle and bustle of the city was preferred by many during the pandemic.

Specific areas that have seen impressive growth since the outbreak are Wiltshire, Hampshire, Stockbridge, Suffolk and Hertfordshire.

Amongst these, Hertfordshire was the most popular with a 75% increase in sales year-on-year, and no evidence of this slowing down.

Similarly, suburban areas in the north west have seen the biggest price growth this year, with prices rising from £184,299 to £213,706 on average.*

Rightmove’s director of property data, Tim Bannister, said: “this year we’ve seen an uplift in the number of home-movers escaping to the country and we think this trend will continue for now as people show their willingness to make significant life changes.

“The data highlights just how influential the unexpected events of this year have been in shaping the nation’s housing priorities, with many buyers determined to swap city streets for rural and coastal retreats.”

If you’re looking to prioritise green space in your next property we’d love to help you.  Click here to arrange a free property valuation and get expert advice from one of our friendly team.

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A guide to understanding your property’s value

Understanding your property value

If you are planning to sell or rent your property, then it’s important to get an accurate estimate of how much the property could be worth.

To give you an agent’s perspective of what that involves, we’ve provided some of the key take-away points below.

Market value

Firstly, knowing how much your property is worth is more commonly known as its ‘market value’, which relates to the price a buyer is willing to pay when considering local and national market conditions.

What impacts the value of your property?

The value of your house can be determined by a variety of factors, such as any recent changes to the property or your neighbourhood.

Some of these factors may also include the size, location, amenities, condition and the asking price of similar houses nearby, so it’s always beneficial to talk to a local agent with familiarity selling in your area.

The difference between market value and asking price

Valuing your house accurately is one of the most important parts of the process.

Bringing your home onto the market with an asking price that is too low could mean you receive offers below market value.

Whereas if the asking price is too high, you may not receive any offers at all, causing time delays and market stagnation as the ideal buyers are put off a home that falls outside of their price bracket.

So, whilst it can be tempting to instruct an agent based on who is offering the highest value, the risk of this is that you may need to gradually reduce your price anyway to reflect the property’s actual market value.

How much could your house really be worth?

The best way to see how much your house is worth is through a combination of tried-and-tested
methods.

Over lockdown, it would be advisable to begin by referring to online house price calculators and valuation tools, as these will provide a guide based on Land Registry Data.

However, it’s important to bear in mind that for the most accurate and up-to-date valuation, you should organise time with an agent, as an in-person appraisal will guarantee any recent developments to your home are taken into consideration.

To arrange a free, no obligation valuation of your property, get in touch by completing this simple online form. 

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We’re still open and here to help

Durrants in Southwold

This week it was announced that England is to enter another national lockdown with a review to take place mid-February.

Despite the lockdown, the good news is that the property industry is to continue operating, with estate and letting agents remaining open, house viewings and home moves still permitted. Of course, estate agents and all personnel involved in house moves will be closely following government guidelines to keep safety measures in place.

Propertymark’s chief policy adviser has released this statement: “We welcome the news that the housing market is to remain open throughout this new lockdown period, but it is essential that all agents continue to play their part in reducing the spread of the virus through following all relevant guidance on how to safely conduct viewings.

“It is vital that agents operate in accordance with government and Propertymark guidelines to help prevent the spread of Covid-19, keep movers and buyers safe and keep the housing market moving through these uncertain times.”

For us at Durrants, it’s business as usual. We don’t believe that we will see a decline in the high levels of buyer activity seen since June and we’re confident that property prices will continue to be on an upward trajectory. Rest assured, we are adhering to stringent safety protocols that were set in place last year and will continue to follow government guidance as it is released.