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Resistance is Futile

little green men and the property market

Dominic Parravani of Durrants compares COP26 and little green men with the November property market.

Many of us will remember childhood comics with little green men warning earthlings that “resistance is futile”. It felt awful to be so helpless.

Yet in Glasgow at COP26, that is just what the scientists are saying. They warn that resisting change will only bring global catastrophe. The experts say that the future is in our hands, but that we must act now.

In a way, selling property is the same. We have experienced an almost unnatural market for the past eighteen months. But things are slowly changing.

The market in some areas is not as gung ho as it was. Multiple full-price bids on properties aren’t as common as they were. Buyers are more relaxed and feel they have more time. And over-priced houses and flats are not receiving quite the high-level interest that they might once have had, especially with the threat of higher mortgage interest rates looming.

For sellers, resisting this turn of events is futile. Keeping a property on the market in the hope someone will pay a premium in all but premium locations is fraught with risk and potential delays.

Just like resisting little green men or global warming, resisting or ignoring market conditions when selling a property is storing up trouble.

With little green men, the laying down of arms is sensible. With global warming, rushing out of fossil fuels and into renewables is sensible. And with property, setting a sensible asking price from the outset, whatever the market, will always mean a faster and easier sale.

 

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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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Southwold Bees Project supported by Durrants

southwold bees supported by Durrants

Southwold Millennium Foundation has installed two bee hives at the town’s Community Orchard in an exciting new project supported by Durrants.

The Foundation, which operates from the Millennium/Stella Peskett Hall provides vital funds for the local community via various initiatives including car parking at Millennium Meadow, and the running of Lighthouse Tours. The Community Orchard, which is in the meadow opposite the Hall, was established 2017, the produce of which is free for local residents.

Southwold Bees was initiated by trustee, Simon Tobin and chairman, Michael Ladd, who approached Durrants Estate Agency to request funding from their Charitable Foundation. Upon successfully receiving funds of £1,500 the Foundation has purchased two hives, two swarms of bees and all the necessary protective equipment.

“We’re really excited about the installation of the Southwold Bees hives.” said Simon Tobin. “As bees continue to decline in the UK it is important that we nurture them, and our Community Orchard is the perfect spot. We will be using this project to reach out to local schools to teach children about the importance of bees.”

Zuhal Tobin will be maintaining the hives having attended a course run by Waveney Beekeepers Group and is supported by their chairman, David Martin.

Dominic Parravani, Managing Director of Durrants commented about the project “We are delighted to support Southwold Bees. It’s a really interesting project from which local schools will benefit. Of course we’re looking forward to tasting the first batch of honey too!”

It is expected that Southwold Bees honey will be sold to raise further funds for Southwold Millennium Foundation.

Pictured (left to right); David Martin of Waveney Beekeepers Assoc; Michael Ladd; Dominic Parravani of Durrants; Zuhal Tobin; Simon Tobin.

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Durrants’ support for the River Waveney Trust

Durrants supports River Waveney Trust

This week, our communications manager Sally Owen had a fascinating visit to Bungay with Martha Meek, Development Manager for River Waveney Trust following their successful application for funding from Durrants Charitable Foundation.

The River Waveney Trust is an environmental charity dedicated to ensuring that the waters, habitats and catchment of this lowland river are healthy for wildlife and people. Their objectives are to collaboratively deliver river enhancement and protection projects to benefit wildlife, public access, water quality and natural flood management. The Trust was formed in 2012 and is part of a network of around 60 local trusts affiliated to the national Rivers Trust umbrella body.

Martha applied to Durrants for funding on behalf of RWT in order to hold an event in partnership with the charity Groundwork, on Natural Flood Management (NFM), as an introduction to the concept for the local communities of the Waveney Valley. Durrants’ is delighted to be involved in this project having such close connections with land owners across the Waveney Valley, and has provided funding of £1,600 to support the event.

Natural Flood Management involves the use of natural processes to slow, capture, re-direct or store flood waters at times of high rainfall. This can prevent so much water from quickly flowing off the land and to the main river where it can cause flooding to homes and businesses. NFM measures can include tree or hedge planting near the river, installing ‘leaky’ dams made from natural timber to hold back water, digging small pools or ponds to capture and store flood water and allowing the river to flow onto the grassed floodplains where there is no risk to people or farmland.

It is hoped that the event, which is scheduled for November 2021 (date TBC), will pave the way for a longer-term practical project to work with communities and landowners to install NFM features into the landscape.

You can find out more about River Waveney Trust here.

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Jungle Crows get new kit

Southwold Rugby donation to ungle Crows

Durrants has been a supporter of Southwold Rugby Club for many years, providing sponsorship funds for various team kits and training equipment, but we didn’t realise just how far our support could reach until now!

Around six years ago, Roger Felton of Southwold Rugby Club took his 16-year old twins on a trip to Kolkata, India where they were involved with The Jungle Crows, a Rugby charity who have been supporting and educating ‘street kids’ since 2004.  Their time in India had a huge impact on them and Roger has stayed in touch with Jungle Crows founder, Paul Walsh MBE, since.

Recently, Southwold Rugby Club pulled together to gather their old season kit and donated over sixty youth rugby shirts to the Jungle Crows.  Paul Walsh said about the donation “Absolutely delighted Southwold stash has managed to make it to the Jungle Crows in Kolkata.  What a great present to cheer everyone up in these difficult times.  We are loving shiny new gear and giving kit a new home.”

We’re overwhelmed with this fabulous gesture and delighted that the old season kit will be put to such good use in Kolkata.

You can find out more about Jungle Crows here.

You can find out more about Southwold Rugby Club here.

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What goes up – goes up further

what goes up, goes up further

Dominic Parravani, Managing Director of Durrants looks to a genius to make some sense of a property market, the like of which we haven’t seen since the 1980s.

What Isaac Newton, who formulated the laws of gravity in the middle of the 17th century, would have made of the current gravity-defying property market is anyone’s guess. But no doubt, like most people, he would have been flummoxed.

Even a genius like Newton, who worked from home during the plague of 1665/6, might have had difficulty making any sense of this mad market. Despite a global killer pandemic, millions of people out of work, the nation in lockdown, pubs shut, travel halted and the Treasury handing out billions in support of businesses, jobs and mortgages, the property market boomed – and it continues to do so. It should, by any calculation, have plummeted like an apple from a tree. Instead, the market didn’t fall; it held itself in suspended animation for a while before surging upwards.

By any estimation the market should at least have mirrored the slowdown experienced after the great recession of 2008. Yet prices are rising.

But perhaps we can learn something from Newton, whose third law stated that to every action there is an equal and opposite reaction.

Homeowners and homebuyers reacted to Covid by moving from large urban centres and buying bigger properties in less crowded areas where they could work from home at least a few days a week. At the same time historically low interest rates kept mortgage repayments manageable, and the amazing vaccine programme has generated confidence.

It wasn’t long ago that property professionals were preparing for the worst. Now the market, which is experiencing very low levels of stock, is seeing increasing values with selling prices in some areas often exceeding their asking prices.

Growing numbers of sight-unseen sales, ultra-competitive bidding through all price ranges and the ugly re-emergence of gazumping are sure signs of people who are panic buying and a crazy property market in boom mode. So, let’s give Newton the last word in trying to make sense of what is going on. He said, “I can calculate the motion of heavenly bodies, but not the madness of people”.