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Period
architecture boosts UK Country property prices
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Paul and Charlotte Deacon live in one of the most sought-after
villages in the Nadder Valley, near Salisbury. Chilmark is a charming
collection of cottages with three big houses, surrounded by rolling,
sheep-studded Wiltshire hills. This is where the stone for Salisbury
Cathedral was quarried, and its future is protected because it
is a designated Conservation Area. "It is a very tight-knit
village, with a produce market on Saturdays, cricket club, pub,
lots of quiz nights," says Charlotte.

She and Paul are selling The
Dial House (pictured), built of the same Chilmark stone and with
a history dating to 1650, for £1.5m. It comes with six bedrooms,
woodland, swimming pool and tiered garden. "The quality of
the village is such that it will perform well in whatever market,"
says Andrew Grice, who is handling the sale. "In harder times
there is more and more demand for period architecture, the feeling
of being in a place with heart. Buyers are keeping an eye to the
future and know it is assured in a Conservation Area like this."
A comparable house outside the protected halo might cost up to
25 per cent less.
New research to be published next week by English Heritage confirms
that there is a quantifiable property value inherent in prized
Conservation Areas, and yet more value to be unlocked in areas
that are not being properly cared for. It has carried out a nationwide
survey of estate agents that shows 82 per cent believe period
architecture boosts the value of property. More than a quarter
think it increases the sale price by 15 per cent, and 78 per cent
find it makes property sell quicker.
The findings accompany the publication
of the first comprehensive survey of the nation's 9,300 Conservation
Areas, ranging from the well-heeled streets of London's Belgravia
to the fishermen's village of Clovelly in North Devon, to Thirties
suburbs filled with classic semi-detached houses. This Domesday
collection of historic buildings will be launched on June 23,
together with a campaign to nurture the best and save those under
threat.
It is particularly timely, following
the recent demise of the Civic Trust and swift move to put something
in its place by its former president Griff Rhys Jones and Tony
Burton, who has left the National Trust to head what is provisionally
called the Civic Society Initiative. Areas of period charm are
enjoyed by all, says Simon Thurley, chief executive of English
Heritage. "Millions of us live in or near one, go to work
or shop in one or visit them for leisure."
It also shows that the mesmeric
effect of the beauty and character of Conservation Areas is more
potent that we realise. Comments from agents gathered by English
Heritage indicate a deep attraction. "Owners are more aware,"
said one. "They will have residents' committees, and Neighbourhood
Watch helps keep up values," said another. "There is
a better sense of community."
Yet many are under threat, lying
in "forgotten small towns and villages" affected by
economic downturn. Clive Fletcher, historic areas adviser for
the East Midlands, cites Tuxford, in North Nottinghamshire, which
has a beautiful centre with a large old Georgian coaching inn,
now boarded up. "It is incredibly quaint, with an old lock-up,
farms, a delightful village green," he says. Luckily Tuxford
Community Regeneration Group has been formed to halt the slide
into neglect.
The pulling power of historic
areas in the boom time was examined by Savills' research department,
which found that where there was more than a sprinkling of listed
buildings, prices could lift by 30 per cent. Where there was an
intense concentration, it created hot spots where prices were
up to 37 per cent higher. This led to the emergence of "trophy
towns" such as Stockbridge in Wiltshire (carrying a 79 per
cent premium), Pulborough in Sussex (44 per cent) and Burford
in the Cotswolds (43 per cent).
Join a conservation group and
inform English Heritage of your own battles and successes, receive
how-to information and support the campaign on www.english-heritage.org.uk/conservationareas
For sale:
Stockbridge, Hampshire
May Cottage, Grade II listed
old coaching inn with three bedrooms at £330,000.
Burford, Cotswolds
Manor Farmhouse at Nether Westcote,
with four bedrooms, former farmyard, former coach house, stable
block, tennis court, and an acre in a Conservation Area and Area
of Outstanding Natural Beauty, at £1.1m.
Abbotts Ann, Hampshire
Ash Cottage, Grade II listed
with three bedrooms at £565,000.
Source: CountryLife Online
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