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High Flight Oh! I have slipped the surly bonds of earth, And danced the skies on laughter-silvered wings; Sunward I’ve climbed, and joined the tumbling mirth Of sun-split clouds, -- and done a hundred things You have not dreamed of -- Wheeled and soared and swung High in the sunlit silence. Hov’ring there I’ve chased the shouting wind along, and flung My eager craft through footless halls of air... Up, up the long, delirious, burning blue I’ve topped the wind-swept heights with easy grace Where never lark or even eagle flew -- And, while with silent lifting mind I’ve trod The high untrespassed sanctity of space, Put out my hand, and touched the face of God. John Gillespie Magee, Jr Magee took off in his Spitfire from RAF Wellingore (now reverted to agriculture). He had a mid-air collision with an Oxford near Roxholme, baled out but was too low for his parachute to open. He died on impact on farmland near Ruskington and is buried at Scopwick cemetery, near RAF Digby. He was only 19.
JHWalter is proud to join the celebrations Foreword of 100 years of the Royal Air Force. The City of Lincoln, its To be able to look forward, Cathedral and the county of we need to be able to look Lincolnshire have a very special back. This is what we do in relationship with the RAF. equal parts in the 2018 edition We are proud to call ourselves of ‘Property & Business’. ‘Bomber County’. Like the RAF, JHWalter is How fitting that the Bomber proud of its tradition and its Command Memorial and Visitor heritage. Though we are ‘tried Centre have been officially and trusted since 1790’, we completed in this centenary take nothing for granted. No year. A great tribute to all those business or individual can do who flew the bomber aircraft so in a rapidly changing world. that defended our nation. Many There are plenty of challenges never to return. coming from Europe as well as at home, just as there were The Bomber Command Centre when the RAF achieved its is also a great tribute to Tony ‘finest hour’. Worth, former Lord Lieutenant of Lincolnshire, who died last The professional team at year before he could see the JHWalter is here to help great memorial finally opened. businesses and individuals alike Without his massive enthusiasm to meet the challenges ahead. and energy, it would never We are proud to be of service. have happened. Property 02 Planning 29 Residential - Market Overview 02 Planning Successes 32 Home Surveys 12 Homes for Heroes 33 Commercial 13 The County Property Auction 17 Energy 34 Land 19 Battery Power - Fact or Myth 36 Business 22 Renewable Heat 37 Planning for Succession 23 News 39 Brexit & Funding for Farming 26 Machinery auction 28 What’s on 41 Joining JHWalter 42 Front Cover Image: ‘Just Jane’ a Lancaster NX61. Kind permission granted by the Lincolnshire Aviation Heritage Centre and Martin Keen of Silksheen Photography. For further information please visit http://www.lincsaviation.co.uk/
“Your staff have been an absolute pleasure to deal with. Thoroughly professional and efficient; you progressed the sale with such gentle tenacity and maintained brilliant lines of communication between us, the vendor and respective solicitors. I would have absolutely no hesitation in recommending JHWalter.” PROPERTY | BUSINESS | PLANNING | ENERGY 01522 504304 | jhwalter.co.uk
Residential Market Overview Chocks Away… As the droning engines of Brexit approach the white cliffs of Dover, interest rate rises slowly climb through the clouds and stamp duty exemptions for first time buyers dive over the horizon, the dogfights of 2017 are now well and truly ancient history, as we glide into the clearing mists of 2018 and try to predict what will appear in the gun sights. Rightmove’s early national house price indices for 2018 showed early indications of robust demand from buyers, broadly consistent with the same period in 2017, if not up a little by around 9%, along with the average price having increased by 7% (+£2,067) against 6% in the same period last year. Many of the more reliant market pundits’ predictions for 2018 prices seem to suggest a period of stable and steady growth of around 1% and furthermore suggest that prices will rise by around 14.2% cumulatively between 2018 and 2022. Nationwide’s chief economist Robert Gardner recently commented “The acceleration in annual house price growth is a little surprising, however the flow of properties coming onto estate agents books has been more of Whilst this is true across all price If your property is already on the a trickle than a torrent for some time points of the market, it is especially market with another agent and has now and this lack of supply is likely to prevalent in the first time buyer been for some time, why has it not be the key factor providing support sector, due principally to the boost sold or getting the interest it should? to house prices.” given by the abolition of stamp duty on property transactions up to This is not rocket science and is Whilst busy with valuations, many £300,000, leading to would-be buyers generally due to one of three reasons, sellers still seem reticent to commit wishing to take advantage of securing poor marketing, poor agent or to come to market, leading to less properties at today’s prices, before incorrect pricing. Perhaps it is time choice for would-be buyers, therefore any stamp duty savings are overtaken for a fresh approach and relaunch, savvy would-be sellers should be by rising prices. so please do not hesitate to call one looking to get their properties of our team to see how we can get onto the market pronto, as the lack Therefore many smart buy-to-let your home flying. of fresh stock is leading to those investors looking for an exit strategy properties that are temptingly priced due to new minimum energy selling quickly and achieving asking efficiency legislation coming into prices or near to. force from the 1st of April this year, Simon Smith are releasing some of their portfolio MNAEA MARLA properties to take advantage of this Partner, Residential Property increased demand. e simonsmith@jhwalter.co.uk t 01522 504354 02 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Residential To the centuries who were responsible for building Blankney Hall, rebuilding the In 1864 they became engaged and the wedding was to be the society event church, laying out the park and largely of the year. However, during their Manor Born rebuilding the village. engagement Florence had secretly fallen in love with Henry Rawdon-Hastings, Having been kindly instructed by The most colourful member of the 4th Marquis of Hastings. Just before her Blankney Estates to appraise the family was Henry, who inherited the wedding, the story goes, she had asked potential for planning at Scopwick entire family estate including Blankney Chaplin to take her to Oxford Street to House and it’s associated buildings, Hall, along with large estates in add to her wedding outfit. While Chaplin our planning team managed to establish Lincolnshire, Nottinghamshire and waited in the carriage outside, Florence a stunning heritage development Yorkshire, at the tender age of 21. walked straight through the shop and planning approval for the whole of the Known to mix in the very highest out the back, where Hastings waited for site. This included splitting the principal echelons of society, including Queen her. Hastings and Florence eloped and house of some 11,000 square feet, into Victoria’s son Bertie (the Prince of were married the very same day, with two dwellings, four barn conversions Wales) whom he had befriended at Florence informing Chaplin by letter the in the 15,000 square feet of Grade II Oxford University and became King next day, before departing for Scotland, Listed limestone barns, extension and Edward VII in 1901, Henry achieved prior to a longer stay in India whilst the remodelling of Gardeners Cottage, a notoriety through romance and racing, scandal died down. new build replacement dwelling, along featuring in one of the great Victorian with an extension and remodelling of society scandals that became known as Having been humiliated and made a the aptly named Hermit Cottage. ‘The Pocket Venus Episode’. public laughing stock Henry became obsessed with gambling and racing, Scopwick House was originally He fell in love with a London socialite, indeed it was said that “he bought commissioned by the Chaplin family, Lady Florence Padget, who was known horses as if he was drunk and betted owners of nearby Blankney Hall and as “The Pocket Venus” because of her as if he was mad”. estate for most of the 18th and 19th diminutive stature and great beauty. 03 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
In the 1867 Derby, Chaplin renewed During the First World War it became their original guide prices by the time his rivalry with Lord Hastings. Hastings a convalescent hospital for wounded they hit the finishing line. Bringing the wagered thousands of pounds against soldiers and airmen in 1914, run by local deal into the enclosure, with eight sets Chaplin’s horse, ‘Hermit’, Ten days volunteer nurses, until it’s closure of buyers along with eight solicitors, before the race Hermit burst a blood in 1919. The Londesboroughs also ran was never going to be an easy bet, vessel whilst training and Chaplin was into bad luck, suffering the deaths of however for the team at JHWalter, advised not to enter him. However, the four successive owners in title within it was just another day at the races. injury was not so serious and though forty years, and with crippling death not fully fit, Hermit entered the race duties, were forced to sell in the 1930s, Image: and won it despite a dreadful storm. this time to Billy Parker, a successful Kind permission granted for use of farmer from Norfolk, making him the hospital photograph from the postcard Lord Hastings lost over £150,000 largest farmer in England with 32,000 collection of Michael Credland with (over £12 million in today’s value) and acres in Norfolk, Lincolnshire and special thanks to died a broken man the following year Leicestershire. Scopwick House soon manorhousestables.co.uk aged only 26. Folklore proclaims that became home to the Parker family his final words on his deathbed were and has remained a centrepiece of the “that damned Hermit”. Blankney Estate ever since. By 1892 farming rents were falling and Having secured the full heritage planning Henry Chaplin was obliged to sell the for the estate we were then kindly estate to meet debts resulting from his tasked to offer it for sale. This we did, extravagant lifestyle, political ambitions available as a whole or in nine individual and heavy wagers. The new owner lots. As you can imagine such a unique Simon Smith MNAEA MARLA was Chaplin’s main mortgagee, William site gathered a lot of attention from the Partner, Residential Property Denison, 1st Earl of Londesborough. buying public and indeed many of the e simonsmith@jhwalter.co.uk individual lots raced to far in excess of t 01522 504354 04 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Residential Less Isn’t Always More We often get asked the question, “you must feel under threat from the online agents? And our response is no, not really, as we ourselves are very much online agents, advertising on the most popular property portals Rightmove, Onthemarket.com, UKLand&Farms, The Lincolnite and of course our very own regularly updated and recently revamped website JHWalter.co.uk However this is probably where the similarity with pure online agents ends. We don’t simply rely on posting our properties on the internet and hoping for the best (though if one were to be cynical, online agents don’t really need to hope for the best, as most already have your money and therefore no incentive to try and sell your property) Statistics show online only agents fail to We however, in old speak, are ‘proper sell 50% of properties they have listed. estate agents’. “...beware the add ons” The ‘online agents’ only way of getting We offer more traditional personal Online only agents are charging anything interest in a property is by hoping services, including a dedicated, from £35 per viewing, or extra viewing someone sees it online and gets in experienced, human sales team, package for around £300. contact to view. If this doesn’t work, who know everything you need to the only option they have to try and know about all the areas we cover. Furthermore they charge for an EPC generate some interest is to reduce the (Energy Performance Certificate) price and hope it will appeal to more They have visited every property we ranging from £70 up to £85 and buyers at a lower price. Of course, have on our books and understand our Premium Listing upgrade on Rightmove eventually the price will be reduced low vendors situations and expectations. for £100 to £120. One online agent enough and it will sell, so you may be recently marketed their offering to not saving money on your estate agent fee, We will accompany viewings to attain pay until exchange offering fees from however you may risk losing a lot more, true feedback from potential purchasers. £1,495 the equivalent fee offering of by selling your property for thousands many High Street agents. of pounds less than it is worth. We have an extensive mailing list of buyers and regularly send them We include all of these as part of details of listings, which then gives us a our package at no extra cost along “...online only agents reason to call to offer any information with professional photography and on said properties, suggest other bespoke brochure. fail to sell 50% of properties to view and generally instil properties they some motivation to act. If the potential buyer doesn’t want to view we can find So to discuss the sale of probably your most important asset and discover our have listed.” out the reasons why, and if relevant to surprisingly competitive fees, please give the property in question, react with one of the team a call or pop in for Your property is generally your some positive action. a coffee. biggest asset, so we would ask the question why people would want to James Drabble use a ‘cheap option’? MNAVA Valuer e jamesdrabble@jhwalter.co.uk t 01522 504355 05 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Premier Property On reflection of a somewhat turbulent 2017, which saw further political and If your property is in this category, typical market values were probably economic uncertainty, changes to Stamp irrelevant when you decided to buy. Staying Ahead Duty Land Tax and further Brexit bear baiting, there are undoubtedly more However, as the market tightens its shoelaces, with lenders sharpening their of the Game changes afoot which may have an effect on the East Midlands property market pencils and surveyors being reigned in on valuation, it has never been more as we move further ahead through 2018. imperative to ensure that your pricing aspirations are not out of kilter with Strangely, this uncertainty has reality. In such markets, getting your demonstrated a positive effect on the initial price right can make an enormous regions ‘higher end’ housing market difference to the price achieved and over the last 18 months, as we have how long it takes to achieve it. witnessed it defying the stagnation seen in other parts of the country. Serious buyers tend to want to view With far fewer quality homes available and choose from a handful of bespoke in the £500,000 to £2 million bracket, properties. Your best chance of being on due in part to a much higher than that list is when you first go to market, average term of ownership than and you will only be on the list if the other areas of the country, the region pricing looks sensible. Once they are and specifically Lincolnshire, has through your door, your house can be demonstrated a shortfall of these fully appreciated. The motivation of the properties being offered for sale. buyer then becomes much more about the fear of missing out, rather than the As such, too many ‘agents’ are being hope of securing a bargain. tempted to suggest asking prices they know to be unrealistic, but use it as a A number of sellers are also bypassing tool simply to persuade the seller to go the public arena in favour of an with them, with the expectation to brow off-market sale. Discreet and low-key, beat down the asking price over time. these deals progress not by listing on property portals or open viewings, but Whilst capital values remain more or rather by inside knowledge of knowing less flat, local factors such as schooling who the local and further afield ‘top and population changes, are having much end’ buyers are, understanding what more influence on any underlying shifts they are looking for and of course in values than macro-economic ones. making the all important phone call to persuade them to view. Selling need not always be a stressful experience. That cliché exists though, For the near future the team at because it can be, our homes being so JHWalter envisage a steady flow of new intensely personal an asset. The trick instructions coming to the market with is to try to be as objective as possible. hopefully, sellers being aware of the Put yourself in the position of the sort need for accurate pricing in a market of person your house is likely to appeal place that is stabilising. It is vital that to and think about what they would you canvass the opinion of the expert want, could afford and research the team here at JHWalter, to ensure the competition. This should quickly bring optimum result on the sale of your you up to speed with relevant-ish values. property, through our unrivalled advice It will also enable you to see how and bespoke service. properties with excessive guide prices stand out as such, whilst those which appear to offer real value go straight to the top of a buyer’s list, maximising the chances of a significant premium. All houses are unique. A small minority though, combine an exceptional and Ben Kendall BSc (Hons) unique value with such special appeal, Associate,Valuer that comparisons with other properties e benkendall@jhwalter.co.uk become genuinely unrealistic. t 01522 504309 06 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Residential Development Naughty but Nice New Build JHWalter have been working closely building regulations constantly being along with certain rooms being with a number of prime development introduced. They also benefit from required to have accessible opening companies over the last few years, higher levels of sound insulation both windows, large enough to allow helping them in the design, marketing within the home and from external escape in the event of a fire. For those and selling of their stable of new sources, furthermore they are built to wanting the easy life a further bonus build properties from apartments, mobility standards giving easier access is, being brand new, your new home bungalows to bespoke larger, and for the disabled and elderly. should not need updating, refurbishing executive homes. or redecorating for several years If you buy off-plan, you may be able to to come. Whilst personally being an old school have some involvement in the choice lover of all things period architecture of kitchen and bathrooms along with Having so many advantages I have delivers, including Victorian, Georgian, a choice of fixtures and finishes and almost persuaded myself to look at and though not strictly period, 1930’s, for peace of mind new build homes buying a new build for my family and I can, however, see the many benefits come with either a 10-year NHBC indeed am being swayed by my much in buying a new build property. warranty or Professional Consultants better half, that if we can find one in Certificate, covering most structural the right location, might indeed be A new home will be more energy issues. Most developers also offer a doing so! efficient, with a modern heating ‘snagging’ time frame of up to system and higher levels of insulation. two years. Some examples of new build In fact some new build properties properties recently marketed and can use up to 50% less energy than Modern homes are built to the latest sold by JHWalter. To find out about older ones and this efficiency will only safety standards using fire resistant new developments in the pipeline call continue to improve with stricter materials and linked smoke alarms, 01522 504304. 07 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Residential Upcoming Features… We have several new bespoke developments in the pipeline and thought we would share with you a sneak preview of some of those that will be coming to market in the near future. Folly View, Tealby An outstanding development of four individual high specification homes, nestling in extensive landscaped plots of some 0.25 of an acre, enjoying the most stunning of backdrops and all set within this most sought after of Wolds villages. All of the properties will be built using cropped and dressed Lincolnshire Limestone and ‘Old Cottage Blend’ weather facing brickwork, aluminium windows and doors, choice of kitchens, luxury fitted bathrooms Plot 1 (2,793 sq.ft.) Plot 3 (3,233 sq.ft.) and en suites, carpeting, engineered oak or 5 bedroom & 4 bathroom. 5 bedroom & 3 bathroom. tiled flooring to hall, kitchen and family areas, underfloor heating to ground floor, along Plot 2 (3,000 sq.ft.) Plot 4 (3,000 sq,ft,) with options for internal finishes. 4 bedroom & 3 bathroom. 4 bedroom & 3 bathroom. Prices From £600,000. Vicarage Lane, bedrooms, master en suite and family bathroom. Externally are landscaped We have further projects due to come on stream shortly, although not shortly South Clifton grounds of some 0,24 of an acre along enough to be detailed here. However with attached double garaging. what we can tell you is they all feature Set in the heart of this quaint, semi- Guide Price £525,000. in popular villages near to Lincoln so rural village are these two new superb if you would like further details please bespoke dwellings, designed specifically The Threshing Barn (3,218 sq.ft.) do not hesitate to call one of the team to naturally blend in with the local Comprising a dramatic reception hall, who can bring you up to speed with the countryside, replicating a traditional formal reception room, open plan dining latest releases. farmhouse along with a threshing kitchen and family room, home office, barn style home. utility and cloakroom to the ground floor, with four double bedrooms, two The Farmhouse (2,215 sq.ft) en suite, and family bathroom to the Simon Smith With accomodation comprising first floor. Outside will be landscaped MNAEA MARLA reception hall, sitting room, kitchen/ grounds of some 0.45 of an acre along Partner, Residential Property family room, home office, utility and with double garaging. e simonsmith@jhwalter.co.uk cloakroom to the ground floor, with five Guide Price £650,000. t 01522 504354 08 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Residential Recent Sales LD LD LD SO SO SO Barn Cottage, Glentham Edgehill, Lincoln Pennycress Close, Lincoln LD LD LD SO SO SO Sandra Crescent, Washingborough Mill Lane, North Hykeham Spire Close, Lincoln LD LD LD SO SO SO Cambridge Drive, Washingborough Capito Drive, North Hykeham Drake Street, Lincoln LD LD LD SO SO SO Hospital Cottages, Bracebridge Heath St Mary’s Avenue, Welton St Clements Road, North Hykeham
LD LD LD SO SO SO Greetwell Road, Lincoln Langworthgate - Lincoln Denver House - Frieston LD LD LD SO SO SO Cornhills Dairy, Broxholme Stonefield Avenue, Uphill, Lincoln Bleak House, Navenby LD LD LD SO SO SO Threshing Barn, Navenby Low Grange Farm, Middle Rasen Beatrice House, Welton LD LD LD SO SO SO The Manor House, Hemswell Spring Wood Farm, Upton Newport Farm Close, North Carlton
Residential Rising Damp - Fact or Fable? Owners of many properties from Victorian terraces through Edwardian semis, to Elizabethan country homes know the persistent nuisance of rising damp. Wet walls up to 1.5 metres above the floor and the plaster in some areas perished, crumbling to dust and décor ruined. A tide mark clearly visible showing the high water mark often accompanied by salt residue. Damp proofing leaflets describe water rising by capillary action and promoting the benefits of injecting silicon solution into the bricks to form a waterproof barrier. Work includes removal of the plaster and replacement with cement based render to make the new plaster more waterproof and resistant to salts from the bricks. So why is rising damp a topic for debate in surveying journals? Even former RICS Construction Chief, Simon Bonniforce has said that “true rising damp is a myth and chemical injection damp proof courses are a waste of money”. A brick wall, being an open structured material will not readily cause capillary action. Older lime mortar joints in brickwork allows rapid evaporation to the outer wall surface, which would break the capillary close to the ground. Cement mortar joints are water resistant and often act as a damp proof course themselves. If the damp is not rising from the ground, where is it coming from? Actually, the most common causes of damp are leaks, bridging and condensation. Leaking gutters and down pipes are obvious candidates, while poor flashing and malfunctioning window sills allow water to drip down the outside, settling in the lower parts of the wall. High ground levels from drives and flower beds, even next door’s house on sloping sites, bring water through horizontally. The lower parts of walls are often cold, especially in older properties. Far from being naturally damp, it is their very dryness combined with cold, that sucks moisture from the atmosphere. Bricks are a complex combination of chemical compounds able to absorb moisture. Damp air entering and leaving bricks draws out salts into solution on the surface of walls. A heated room will attract greater evaporation, encourage salts, which themselves attract Andrew Curtis dampness and cause plaster to crumble. BSc (Hons) MRICS DEA Consultant Our approach? Look for every other possibility before e andrewcurtis@jhwalter.co.uk t 01522 504312 concluding the damp is rising. 11 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Why are more and more Purchasers commissioning their own Home Surveys? In these days of extended warranties, for everything from cars to washing machines, consumers are wanting the peace of mind to know that if something goes wrong, they can have a repair that is covered within a pre-agreed, and often pre-paid cost. It is much the same principal with property. Being by far the biggest single investment that most people will make, if a defect becomes apparent after purchase, a buyer could be faced with an additional bill to carry out remedial works at a time when they can least afford it. The cost of a Home Survey can, at first glance appear high, however, if defects are found, the report can give a purchaser the opportunity to renegotiate the price, to account for at least a percentage of the cost of the works, based on a professional opinion. In most instances, savings far outweigh the cost of the Survey and at the very least enable the purchaser to make an informed decision on whether to proceed. Whilst the whole process of obtaining These can range from more in-depth Leslie-Anne Milson quotations for works that have been Building Surveys, Specific Defect MRICS highlighted in a report can seem Reports and Condition Reports, Valuation Manager tedious and delay the buying process, to Reports setting out repair and e lesliemilson@jhwalter.co.uk at least, by doing it all ‘up front’ maintenance issues for someone t 01522 504306 a purchaser is fully aware of costs entering into a lease agreement. and their future liabilities. In most instances, savings far outweigh the If you would like to know more cost of the Survey. about the range of Surveys that we can provide and chat to one At JHWalter, we are able to of our Surveyors, please call our provide the standard RICS Survey team on 01522 504334. Homebuyer Reports and Building Surveys but also have the experience and expertise to be able to provide more bespoke reports to suit a particular property and/or specific purchaser requirements. 12 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Commercial What future for the Commercial Property Market? The only thing we can say for Out of town offices may be As the prudent banker would say, certain is that it will change and efficient for the commute to work, ask yourself about the exit route. we cannot be sure in which but companies needing to attract If your tenant goes, will you find direction. But there are signposts good staff, also need to think another as good and as willing to out there that might help the about the working atmosphere pay a full rent? If the building is investor, or the occupier, decide they offer their employees. The B1 surplus to requirements, will it how to commit their money and office on an industrial estate or set attract another operator? If not, balance the risks. in lovely countryside, may not be how adaptable is the property great for those who want to nip to an alternative use? Will the The biggest continuing driver to the shops or do pilates in their planners allow it and are the costs for change is the internet. The lunch break. reasonable to achieve it? market for industrial space is strong, especially warehousing and Sustainability in all its forms And sat over all of this is the distribution, to support the need will loom large in the minds of economy and the “B” word, Brexit. to get product from warehouse future investors and occupiers. UK plc will have to be adaptable to home in double quick time. The market and the politics of and resilient to flourish after Counter intuitively, the shop is an diesel, petrol and electric cars Brexit, whatever that looks like. important part of this network is rapidly changing. The future If your commercial property is with two thirds of internet sales of commercial property will be flexible and robust, it too will sit involving a visit to store at some affected in just the same way, on solid foundations. point. However, retail is constantly as efficient companies look for having to reinvent itself, to stay energy cost savings, especially as Of course, commercial property in fresh and give the shopper reason their attention is drawn to such a prime location, which is perfectly to get off their sofa. matters by MEES. adapted and modernised for its use and for the investor, with a Where town centres are So how should investors and long lease to a blue chip tenant imaginative to attract the occupiers hedge their bets will always fetch good money. consumer, values are being Those prepared to look more against the vagaries of an maintained. In a similar way, widely can do so with some office workers like there to be uncertain future? assurance, if they have in mind retail and leisure facilities nearby. what happens next for their property in a changing world. 13 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Cliff Road, Welton JHWalter has been selling development land for reinforcing services, negotiating detail of a retained most of its 228 years. We were pleased recently house and an access to important farm infrastructure. to be asked to promote a top quality site at Cliff Road, Welton. Saxon Springs by Linden Homes commenced marketing in late 2017 with a range of new homes in The starting point is always to visit the property and an attractive village setting. The show home is open to understand the opportunity - in this case a low and the units are selling well. density, high quality scheme within walking distance of a popular village centre. Of even greater importance If you feel you might have some land with hope for is the information available - the planning permission, development please seek expert advice from one of affordable housing, s106 obligations and payments, our team. as well as known costs of development peculiar to this opportunity. With this level of detail, we pulled together advice on asking price using development appraisal and comparison with other sales we have conducted in the region. Working with the clients, it was concluded that a confident asking price was appropriate for a scheme expected to attract competition. Buyers in this market are more likely to engage when the asking price is reasonable and well calibrated. Our confidence meant that we set a date for offers early in the process. Particulars were produced with a link to the key data for buyers. Marketing was launched via “the usual channels” online, some conventional press and, most importantly, by direct mailing and contact with likely buyers. As expected, the property attracted good interest with a number of strong offers on the tender day. The best two bidders were invited to discuss the detail of their proposals before a preferred bidder was chosen. This allowed the sellers to understand who they would be working with through the conveyancing process. Plan courtesy of Linden Homes Inevitably, offers were conditional, development buyers demand accurate information on abnormal costs before exchange and grant of Reserved Matters prior to completion. However, we issued Head of John Elliott Terms and continued to work with the client and BSc (Hons) MRICS ACIArb MNAVA solicitors. There was much to do to get the deal over Partner, Chartered Surveyor the line - a previously unknown cost adjustment for e johnelliott@jhwalter.co.uk t 01522 504303 14 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Commercial You and MEES Would you believe that we are in the 11th year of EPCs? Energy Performance Certificates arrived as part of HIPs (Home Information Packs). The HIPs broke but EPCs expanded to include all domestic and commercial property with few exceptions. From 1 April 2018, a new acronym looms large in the lexicon of property owners - MEES (Minimum Energy Efficiency Standards). Actually, they have been here for two years already with residential tenants being able to require upgrades to properties with low EPCs. From 1st April this year, all domestic and non-domestic landlords must ensure that their property has an Minimum Energy Efficiency Standard or an EPC of E or better when a new lease is made (letting or lease renewal). This obligation will expand into existing let property from 1 April 2020 (residential) or 1 April 2023 (non-residential). There are a number of exemptions from EPCs, most notably for Listed Buildings. Other exemptions include industrial buildings that use little energy such as unheated warehouses; buildings due for redevelopment and very small buildings (less than 50m 2). Such properties can be let without an EPC at all but beware, the rules are tightly drafted and strictly interpreted. Where an EPC is required but is at F or G, there are still further exemptions from MEES. You can let a property under the “golden rule” - that improvements would not pay for themselves within 7 years, the works would devalue the property by more than 5% or you need third party consent (landlord or planners) and cannot get it. The MEES exemptions must be put on The PRS (Private Rented Sector) Exemptions Register and will be reviewed every 5 years. For further information https://www.gov.uk/government/ publications/the-private-rented-property- minimum-standard-landlord-guidance- documents John Elliott BSc (Hons) MRICS ACIArb MNAVA Partner, Chartered Surveyor e johnelliott@jhwalter.co.uk t 01522 504303 15 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Commercial Recent Sales Residential Development Opportunity Residential Development Site For Sale - £2,500,000 For Sale - £1,750,000 Cliff Road, Welton, Lincoln 6.1 acres (2.50 hectares) Moor Lane, Branston • Site area 3.14 hectares (7.75 acres) • Outline planning permission for 73 units • Outline planning permission for 63 units • Greenfield site on edge of good village • Only 14% affordable housing (9 dwellings) • Immediately available • Greenfield site on edge of good village LD LD • Low density scheme - 21 units per hectare SO SO Warehouse Storage Land & Workshops Industrial, Offices & Storage For Sale - £1,250,000 For Sale - £500,000 Depot, Main Street,Torksey, Lincoln The New Forge, Cliff Road, Leadenham • Site Area: 7.66 hectares (18.9 acres) | Floor Area: 1,605m2 (17,272 sq. ft) • Freehold with vacant possession upon completion • Of interest to investors and occupiers • Workshops - 10,846 sq ft (1,008 sq m) • Offices - 3,974 sq ft (369 sq m) • Substantial open storage site • Mezzanine Stores - 1,235 sq ft (115 sq m) • Modern workshop/warehouse buildings and office LD • Easy access to major road network LD • As a whole or in parts SO SO • Potential for redevelopment / change of use Freehold Investment Opportunity Freehold Retail & Residential Investment Opportunity For Sale - £395,000 For Sale - £165,000 5 Cornhill, Lincoln 61 & 61a West Parade, Lincoln • Currently let to Oxfam GB upon a 10 year FRI lease • Part let end of terrace mixed use property • Headline rent £27,850 per annum • Commercial ground floor retail unit providing 55 m² (593 sq ft) NIA • Grade II Listed building upon busy pedestrianised thoroughfare • Residential - self contained first floor two bedroom flat LD • Situated in the Cornhill Quarter of Lincoln • Single garage to the rear (let upon a licence agreement) LD SO • 186 m² (2,000 sq ft) NIA • Located in popular West End area of the city SO 16 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
2017 Auction Review 2017 was another interesting year for the County Property Auction team with the main challenge being a lack of stock coming to the market. Despite this we sold 71 lots from the 93 lots offered in 2017 which equates to a 76% success rate and over £9,500,000 of property and land GONE! GONE! Under the hammer 2017! Sales highlights include: March 1st May 10th Building Plot, 2.29 Acres, Les Charretiers, Methodist Chapel, 3 Aldergrove Crescent, 10 Satterley Close, Ingham Hemswell Whaplode St Catherine Ingham Lincoln Witham St Hughs SOLD! - £97,000 SOLD! - £28,000 SOLD! - £160,000 SOLD! - £112,000 SOLD! - £97,000 SOLD! - £187,000 July 12th September 20th Appledore, 4 Dunston Road, Mount Pleasant Wayside, 49 Fen Road, Village Hall, Wragby Metheringham Farmhouse, Laughton Snellend Washingborough Washingborough SOLD! - £165,000 SOLD! - £183,000 SOLD! - £280,000 SOLD! - £110,000 SOLD! - £272,000 SOLD! - £121,000 November 29th 2018 Auction Dates 8 Church Road, Waldene, Methodist Chapel, March 7th Deadline for entries 26th Jan Skellingthorpe Scawby Brook Sturton by stow May 9th Deadline for entries 29th March July 11th Deadline for entries June 1st September 19th Deadline for entries August 10th November 28th Deadline for entries October 12th SOLD! - £139,000 SOLD! - £254,000 SOLD! - £152,000 If you have property or land to sell please call the auction team on 01522 504360 or auctions@jhwalter.co.uk
Auction Unique Property The County Property Auction team are fortunate to handle a wide variety of property types and no day is ever the same. I have now been with JHWalter for 12 years and have sold by auction everything from a Nuclear Bunker to a piece of fresh air between two buildings with planning for an apartment. The auction process is ideally suited to unique properties and we have a proven track record of achieving great prices for our auction vendors with properties of this nature. I have chosen to feature a particular favourite of mine from the last 12 months. March 1st Auction 2017 Lot 12 - Garages & land to the rear of 10 Steep Hill, Lincoln GUIDE PRICE £100,000 | SOLD PRICE £157,000 Set in an elevated position with breathtaking views across the City, this unique opportunity comprised a collection of 6 garages set in around 0.09 of an acre. The site was part let and bringing in around £4,740 p/a. It would have been very easy to sell lots 11 and 12 together, however we felt that splitting the asset into two lots would realise the best result for our client. Indeed it did, with strong interest shown and some competitive bidding on the night, the two lots realised a combined result of £507,000, which I do not feel would have been achievable by a normal private treaty sale. If you have a unique property then please call the auction team on 01522 504360 or email auctions@jhwalter.co.uk and one of our highly experienced team will be glad to offer a free no obligation market appraisal. Minimum EPC Rating Lot 11 - 10 Steep Hill, Lincoln Guide Price £350,000 | SOLD PRICE £350,000 from April 2018 The Energy Efficiency (Private Rented Property) Having not been to the market It required a full scheme of (England and Wales) Regulations 2015 mean for over 50 years, this really modernisation, but comprised that, from April 2018, private non-domestic (and was a unique opportunity to six bedrooms, three reception domestic) landlords must ensure that properties purchase a substantial Grade II rooms, basement storage and they rent in England and Wales reach at least an listed townhouse in a prime uphill two bathrooms all arranged over EPC rating of E before granting a tenancy to new location. Believed to date from four floors. The site extended or existing tenants. the mid-18th century with to around 0.11 of an acre with a later 19th century additions landscaped tiered garden offering If your property will be the property had a plethora panoramic view across the city. affected by this legislation of original features. and you wish to sell rather than complete the necessary James Mulhall works, then please call the BA MNAEA MNAVA auction team now on Senior Associate, Auction Manager 01522 504360 and let us e jamesmulhall@jhwalter.co.uk get your property GONE! t 01522 504318 18 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Rural The Farmland of Lincolnshire Having worked in Lincolnshire for around 30 years, I am Within Lincolnshire we have grade 1, grade 2, grade 3 and struck by the thought that it is remarkable that fields I a little grade 4 land. The grading system was introduced by ploughed at 18, continue to produce good crops of wheat, the government to assist with planning decisions and avoid barley, oil seed rape, peas and beans. That soil with good development on the most productive grade 1 and grade 2 husbandry and a little fertiliser has turned in a harvest land. The grading was not field specific and therefore we often without fail every year. see fields which rightly should move up or down a grade. Soils are also classified into Soil Associations such as Since early years of practical farming I have worked as an Wickham, Elmton, Wisbech and Wallasea, each with its agent, trading and valuing farms. Buying a farm with good soil own geology, soil and site characteristics, cropping and land gives the potential for good performance this year, next year use capability. There are many associations mostly named and indeed every year. after locations where the soil type is prevalent. The Fen The Wolds Level land at, or sometimes below sea level, drained with a A range of rolling hills up to 551 feet above sea level, run system of dykes and pumps, fenland soils, mainly grade 2, form south to north and up and over the river Humber into an outer ring to the silts at Bourne, Crowland and Stickney, Yorkshire. Main settlements are located just off the wolds at up to Bardney in the lower Witham valley. Including silt and Spilsby, Horncastle, Louth, Market Rasen and Brigg. The soils clay, these soils include the organic plant remains of decayed are varied but mainly free working, naturally draining, loam reeds and other wetland plants. In some areas the soil is over chalk and in places sandstone, with more bodied loams almost black, similar to the peat bought from the local garden in the valley bottoms. The best wold land is level with soils centre. In other areas constant cultivation has seen the over 9 inches deep over chalk with minimal stone and no flint. organic matter degrade leaving behind a clay loam. The most Much of the southern wolds are grade 3 with the best grade organic soils produce good roots, mainly potatoes, carrots 2 and some grade 1 in the north. Combinable crops dominate and parsnips, with the stronger land growing wheat with some with sugar beet and potatoes on the best soils. The Wolds sugar beet. offer the opportunity to farm in a beautiful landscape and the best wold farms are a rare commodity, usually drawing strong demand when on the market. The average farm will come with some challenges, which might include steep slopes, areas of thin flinty soil, cold north facing slopes and spring lines. 19 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
The Silts The Cliff and the Heath The silts form an area of level land, classified grade 1 and Known to the north of Lincoln as the Cliff and to the south grade 2, close to the coast at sea level around the Wash as the Heath, this Limestone ridge runs from Stamford in from Skegness in the north, south to Boston and around to the south, northwards through Lincoln and on to Kirton Holbeach in the south east. Deposited by the sea the silts are in Lindsey. deep productive soils, ranging from a bodied silty clay best suited to growing heavy crops of wheat, to the best light free Soils are brashy free working loams over limestone, some working silts, capable of growing the most demanding crops of might refer to as ‘boys land’. Much of the land is classified cauliflower, leeks, onions and potatoes. Pure marine silt does as grade 2 and its potential is maximised when irrigation not clod and can carry tractors in wet conditions, without is available. Land drainage is not needed as the limestone damage to soil structure. Further, its capacity to hold water, bedrock provides good natural drainage. The lightest deepest ensures many crops can flourish without irrigation. soils grow good potatoes but stone separation is needed. A narrow band of the very best silt runs from Boston north Generally cropping focuses on wheat, barley, oil seed rape, to Wainfleet. Known as ‘The Toft’, it feels somewhat like flour vining peas and sugar beet. The soils can be droughty without and is capable of growing 2 crops of cauliflowers in the same irrigation, limiting yields in a dry year, however this is year. The majority of the vegetable silts can only manage compensated by the land being easier to farm. 3 crops in two years, with the third crop being an over wintered cauliflower. There is a small pocket of marine silt in the north east of the county, south of Grimsby around Marshchapel and River silt can be found alongside the Trent running north from Gainsborough. The Marsh The Sands On the coastal plain from Skegness, north through Burgh le There are pockets of sand throughout Lincolnshire such as Marsh, Maltby le Marsh and up through the Saltfleets, the at Salmonby in the Wolds, Coningsby, Market Rasen, west of Lincolnshire Marsh is a band of silty clay soils classified as Lincoln at Wigsley, or north of Gainsborough at Scotter. grade 3. Until the 1940’s most of this area was permanent pasture and highly regarded as some of the best pasture for Sands are usually classified as grade 3 or even grade 4. fattening cattle in the country. Cropping now focuses on The free draining character causes droughtiness, but with winter sown combinable crops, with pockets of potatoes irrigation, the sands are transformed into flexible productive and sugar beet on the lighter areas. land, ideal for growing the best cash crops such as potatoes, carrots, onions, leeks and parsnips. Provided the sand is not too coarse it helps crops to be lifted with little soil and gives The Vale a good skin finish. Lying between the Wolds and the Limestone cliff, the vale is Lincolnshire is a premiership arable county due to the a mix of soils though clays predominate. The clay soils are quality of its soils. So long as we look after our soils this best suited to winter cropping with combinable crops and in will continue from generation to generation. the best years can produce heavy yields. Moisture retention reduces the number of days when conditions are suitable for cultivation. The working window can be widened where land has a comprehensive well maintained drainage system. The Tim Atkinson costs of farming are further escalated by the BSc (Hons) MRICS FAAV Managing Partner, Chartered Surveyor requirement for high horsepower machines. e timatkinson@jhwalter.co.uk t 01522 504313 20 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
Farms and Farmland Recent Sales White House and Village Farms, Sturton by Stow Around 198 acres of prime Lincolnshire Heath land & Marton Grange, Marton with a 350 tonne grain store 739.29 ACRES (299.15 ha) or thereabouts For Sale by Contractually Binding Formal Tender Highly commercial Lincolnshire arable land and farm buildings 80.09 Hectares (197.90 acres) or thereabouts FOR SALE BY CONTRACTUALLY BINDING FORMAL TENDER Mainly free working Grade 2 Limestone arable land 350 tonne grain store. As a whole or in 11 lots, or combinations thereof. An excellent arable holding close to the city of Lincoln. LD LD SO SO 107 acres, Normanton Lane at Stanford on Soar 162.27 Acres (65.67 Ha) at Spridlington, For sale by contractually binding formal tender around 43.43 hectares Near Lincoln (107.31 acres) of free working Grade 2 arable land. FOR SALE BY CONTRACTUALLY BINDING FORMAL TENDER Opportunity to acquire a good block of arable land close to Loughborough For sale as a whole. LD LD SO SO At Seggimoor Farm, Glentham, Market Rasen Land at South Carr Farm, Laughton, Gainsborough FOR SALE BY CONTRACTUALLY BINDING FORMAL TENDER 102.76 acres of predominantly Grade I silt warp. 120.82 ha (298.56 acres) or thereabouts of Grade 3 • Ring Fenced Holding Lincolnshire arable land with 8 million gallon reservoir & irrigation licence As a whole or in 3 lots LD LD SO SO 21 \\ jhwalter.co.uk/property PROPERTY | BUSINESS | PLANNING | ENERGY
“Ellie and the JHWalter team always have their eye on the ball, picking up many details which would’ve been overlooked had we not used JHWalter’s services. We found her very down to earth, easy to talk to and very professional indeed. We would recommend Ellie and her team to anybody.” PROPERTY | BUSINESS | PLANNING | ENERGY 01522 504302 | jhwalter.co.uk
Business Planning for Succession now ... Before the rules change If ever there was a time to take The proposed changes are: advice on succession under the Agricultural Holdings Act 1986, • Repeal of the Commercial it is now. Successful succession Unit Test. planning is not just a strict legal • Prevention of applicants who interpretation of the succession are more than 5 years older rules, but requires detailed than the state pension age understanding as to how they • Allowing a wider list of apply to an applicant’s people to apply for particular position. MEES - When is a house succession, but limiting the length of the tenancy and Whilst the current rules have with an open market rent. not a house … When it been basically the same for over 30 years, the applicant’s specific • Replacing the Suitability test with a Business Competence is a tenanted farmhouse? chances of success can vary year on year. Take, for example, the • test. Procedure to convert The Minimum Energy Efficiency Standards are now amount of land an applicant can tenancy into a fixed term in force (April 2018) requiring Landlords letting any farm before they are ineligible. tenancy that can be new tenancies (including renewing) for residential or Only a few years ago, even 300 assigned rather than have commercial property where an Energy Performance acres could have made the succession rights. Certificate (EPC) is required, to improve the EPC applicant ineligible whereas above level F, unless the property is within limited today 2,000 acres will not What advice do you need? exceptions. From April 2020 this will also apply to all necessarily make an applicant ongoing tenancies of residential properties and from ineligible - all due to a ‘quirk’ of As always, early planning and April 2023 to commercial property. the annually produced income assessment of the current figures published by Parliament. position will always give the Where an Agricultural Farm Tenant (either under applicant the best chance of Agricultural Holdings Act 1986 or as a Farm Business Potential changes for succession - but this is not Tenancy tenant) has sub-let farm cottages, the Farm the succession rules just an application of the Tenant is the Landlord for the purposes of MEES. As legal tests. The best advice to whether the Head Landlord then reimburses the Anyone planning to apply for is the combination of both Farm Tenant for the energy efficient improvement succession in, say, the next five the legal tests and also, just works will depend on the repair terms under the farm years, should also consider the as importantly, the practical tenancy - and the costs incurred will no doubt be an implications of the Tenancy knowledge of how to present issue when considering how the future cottage rent is Reform Industry Group’s (TRIG) and defend a succession treated in the context of the whole farm rent. recommendations to DEFRA for application. Ultimately, the The issue with tenanted farmhouses rented under an the proposed Agricultural Bill vast majority of succession AHA or FBT tenancy is that the legal definitions of to go before Parliament. These applications are settled without properties, which are caught under the MEES rules, are recommendations include some a Tribunal hearing, rather by specific. These tenanted farmhouses appear to either specific changes to the current a very detailed presentation succession tests. It is not certain and analysis of the factual • slip through all the definitions and requirements that all these changes will be information which can be very altogether, or introduced or their precise complex - but this is what will • may be classified as ‘non-domestic’ which means terms. If they are, then some win the case. After over 20 years the MEES regulations do not take effect on existing people, who may not be able of experience and over 95% continuing tenancies until 2023. to succeed now, may be able to success rate, the best advice succeed in the future. However, remains that it is never too soon For the time being, therefore, it still remains a there will be others for whom to plan for succession - and take question as to whether Head Landlords are required it would be better to deal with expert advice. to carry out energy efficiency works to existing succession sooner rather than tenanted farmhouses. later before any changes are introduced. For advice on all AHA and FBT landlord and tenancy matters contact Ellie Allwood. 23 \\ jhwalter.co.uk/business PROPERTY | BUSINESS | PLANNING | ENERGY
New Rules for Mobile Phone Masts Anyone who has a Mobile Phone Mast may feel that, during the last few years, negotiations for rent increases and other lease terms have been anything but easy. The introduction of the long awaited Electronic Communications Code in December 2017, which aims to protect and ensure the continuation of the electronic communication system for the benefit of us all, may appear to make this negotiating position even more difficult. The new Code gives Telecom Operators more rights and protection. One particular area of concern for Landowners is whether future rents will be lower, as the new code stipulates the basis for Honouring the Airmen - the rental assessment of the said area, will be based on a bare land value. memorials in the fields However, whilst the Code certainly gives Telecom Operators more rights To me, the link between farmed the land and and protection, its provisions are a RAF100 and farming lies he was one of the first default position for when agreement in the memorials erected people to get to one of cannot be reached by negotiation. where many war planes the planes. Realising that The Operators have indicated that crashed between 1939 - no-one could be saved, they wish to reach agreement by 45 in farmland close to his next thought was for negotiation rather than invoke the the many airfields in this his Fordson in the shed Code and, therefore, there is potential region. The poignancy of nearby! A lasting memory for the current levels of rent to these memorials is not for our family - and due to continue and not significantly reduce. just how young these the passion and dedication Of course, the new Code is only in its airmen were when they of Lady Helen Nall, who infancy and we will see over the next lost their lives, but how discovered fragments of few months how it is applied to actual many nations served side the planes, there are now negotiations on new leases and by side. This is particularly two stones erected to rent discussions. brought home to me provide a lasting memorial by the memorial in the on the Nall family land. At the end of the day, whilst the riverside fields in my home At the dedication service, Operator’s rights to remain on site village of Hoveringham in family members of the are protected, the new Code does not Nottinghamshire. There lost pilots travelled from force Landowners to let new sites. If stands the most moving Canada, New Zealand and the Operators play ‘hard ball’ on rents, and fitting tribute to two all parts of Britain to join they will find it very difficult to find separate Lancaster plane the local people to mark new sites where Landlords are willing crashes - both during the occasion - and remain to accept a low rent in return for the a very snowy January in contact with the village. Operator using the site to improve 1945 - whilst trying to These stones, at the edge their network and have the benefit of land at RAF Syerston. In of a field are now seen the financial rewards. all, 14 young men from by innumerable walkers, Britain, Canada and New cyclists, horse riders and Zealand lost their lives also by pilots and cadets Ellie Allwood - with an average age of who use the monoliths BSc (Hons) LL.M FRICS FAAV 23. My family have always as visual landmarks when Partner, Chartered Surveyor recalled one of these flying from Syerston. e ellieallwood@jhwalter.co.uk crashes as my grandfather t 01522 504320 24 \\ jhwalter.co.uk/business PROPERTY | BUSINESS | PLANNING | ENERGY
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