“What a seller should avoid is poor presentation, shoddy workmanship and – more difficult to overcome – a badly-proportioned home,” cautions Simon Barnes. He says every room must have an obvious function. “Investing in a full makeover can pay huge dividends as no one wants to buy a grubby and unkempt home unless there’s a price reduction,” he insists.
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Daily Telegraph: Compass Points – Chester Square (Feb 2015)
Here’s a well-heeled square that has been home to olagarchs, prime ministers and Nigella Lawson. This to-die-for 4925 sq ft property comes with five bedrooms, a media room, steam room with plunge pool and staff suite.
If the thought of those mortgage payments brings you out in a hot sweat, simply turn on the air-conditioning.
I am often surprised at just how little attention vendors pay to the advice of their agent. Their expert advice is particularly important at this time of year: if a house is unsold by Christmas, it is unlikely that it will sell by March.
In central London I have not seen any significant change in the market since the summer. Prices at the top end may have reduced slightly, but this is largely because many properties were overvalued earlier in the year. There is still a lot of activity at the top end in the London property market with people still buying. Those people who are citing the uncertainty of next year’s general election and possible mansion tax as reasons not to buy would, in all likelihood, will not be buying at the present time anyway.
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Simon Barnes, an independent property consultant, has been inside One Hyde Park and deals in the super-prime market.
It is an amazing place and is not be like buying a one-bedroom flat. It is a very modern, high quality build, you have the Mandarin next door and the ultimate concierge.
The sort of person who will look at it is likely to be the sort of person who spends a lot of time in a hotel. But for £10 million you could get quite a few nights in the finest hotel suite.
The bar in residential development keeps being raised. What you lack in London are the locations to build on which is why they can charge such a price at One Hyde Park.
Will the quality of developments improve? Yes, but it is highly unlikely you find a better location.
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Chester Square: This prestigious garden square is home to a beautiful stucco fronted town house that has been completely restored and redesigned for modern living whilst retaining many of the original features which give it charm.
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