Our Sister Company, FHP City Living, have a Record Year


February 21, 2007

Residential Land News

Residential sales specialists and regeneration consultancy, FHP City Living, has reported its best trading year to date for 2006.  The Resales Team have sold 90 houses and apartments in The Park Estate, Mapperley Park and the City at a total value of £19 million, with an average price achieved of £211,000.

The New Developments Team were responsible for the sale of 104 apartments and houses during 2006, with developments including Waterfront Plaza next to Jury’s Hotel, and the Shared Ownership schemes at Gamston and New Basford which have now sold out.

The most sought after resales properties in The City continue to be two bedroom apartments with en suite and parking and, with the additional space of the extra bedroom, the flexibility to work from home for many professionals.  Also, one bedroom apartments that can provide an outdoor space, terrace and/or parking score highly with buyers.

Board counts in The Park Estate and Mapperley Park* confirmed FHP City Living as the dominant agent in these two prestigious areas of Nottingham, with 58% of properties for sale in The Park and 30% of properties for sale in Mapperley Park available through FHP City Living.

Managing Director, David Hargreaves, commented “At the beginning of 2006 we decided to specialise in 3 distinct areas, namely The Park, Mapperley Park and the City Centre and create dedicated teams to service both the seller and buyer in these areas.   This strategy has paid off with our market leading position now well established and a significant amount of stock available for buyers for 2007.  We have also seen a major increase in the number of instructions received for us to sell houses as opposed to just apartments in The Park and Mapperley Park.” 

 

FHP City Living currently have 45 houses and apartments with a value in excess of £14 million available in The Park Estate and its borders ranging from a one bedroom apartment at £127,950 to a modern, family home at £595,000;

In Mapperley Park FHP City Living have 33 properties for sale with a value in excess of £10 million, again ranging from a one bedroom apartment at £89,950 to a newly built 4 bedroom detached house currently on the market for £625,000.

In the City Centre FHP City Living have 99 properties for sale with a value of £16 million, ranging from a one bedroom at £99,950 to a two bedroom, top floor location with terrace at £215,000.

Hargreaves went on to say: “We were particularly pleased to achieve prices averaging 95% of the quoting price across the board in what was still a relatively difficult market in 2006.”

David Hargreaves added “due to the significant growth and our position as market leader, we have had to employ additional expertise.”  Steve Parker has been recruited to work alongside Neil Sutcliffe handling sales in and around Mapperley Park.  Neil also teams up with Nina Danylevch in the City whilst Jason Cook and Vicky Maule-ffinch handle sales in The Park Estate and its borders. 

Kirsty McGowan, a graphic designer, has also been added to the team to develop our marketing effort, whilst a long term agreement has been entered into with Niche Design for them to produce 7 professional photographs and a full set of scale plans for all properties we are instructed to sell in The Park, Mapperley Park and The City Centre.

Branch Manager, Jason Cook, commented “no other agent is offering what FHP City Living offer – a dedicated team of specialists for each of the 3 areas – The Park, Mapperley Park and The City Centre and that, in my opinion, gives us a significant advantage over the competition and provides added value to our clients.”

 

Hargreaves went on to say “2007 will see the FHP City Living office at Weekday Cross in the Lace Market expanded to incorporate the first floor of the former Stones Deli and Restaurant, FHP Private Finance launched to provide financial services to its clients and purchasers and a possible entry into the West Bridgford market.”

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