Asides

Sketty Renovation Project

A Sketty Renovation Project

Firstly, thank you to James Matthews of JM BUILDING CONTRACTORS, for coming along and allowing us to video him (on our phone) about the amazing renovation project he has been working on over the past 2 years:

Secondly, we hope that if you are inspired to take on a renovation project, that you will contact us in the first instance and let us guide you to the right project for your budget & skill-set.

Thirdly, watch James talk about his first renovation project and take a look at the amazing before and after photos, from his work at 26 Beaconsfield Way, Sketty.

James put his unique stamp on the property, which he purchased in March 2017, opting for a large open plan design with a large rear extension.  Due to his tight budget, it was imperative for James to rely upon his relationship with Alison, the associate valuer at Sketty office, who went out on a limb to ensure that James got hold of the property for the best price, in order to utilise his savings for the work!

James and his family moved into their newly renovated home in March 2018 and are now working on the garden & garage, before the project is complete and the property can be sold.   Here are some of the photos from the project so far.

Refurbishment project in Beaconsfield Way Sketty
Before Photos
Refurbishment project in Beaconsfield Way Sketty
Roof being refurbished
Refurbishment project in Beaconsfield Way Sketty
Kitchen & Lounge almost completed

We are sure you will agree it is, indeed, an amazing project and showcases the work James & his building team can do.  If you are considering a renovation project there are 2 contacts to add to your planning list:

Alison Morris
(Associate and Valuer)

90 Gower Road
Sketty
Swansea
SA2 9BZ

Tel: 01792 299655

JM Building Contractors

Tel:01792 201 448
Tel: 07837 488 350
Email: info@jmbuildingcontractors.co.uk

JMBuilders Logo

Dawsons auction room 2018

Should you consider putting your home up for Auction?

No longer just a domain for investors, developers and property traders, the auction room is now the preferred option of buying and selling property for a number of people looking for a fast and secure method of sale.

The beauty of the Auction Room is that there is no chain and the buyer commits legally on the fall of the gavel with an exchange of contracts secured by a 10% non-returnable deposit.  So auction sales remove the stresses and uncertainty of ‘subject to contract’ transactions, ensuring that estate agents who market property through this method can speed up the process and eliminate the risks of ‘gazumping and gazundering’.

When you consider the time it takes to sell a home by traditional methods, it is easy to see the appeal:

  • Property listed to offer accepted: 10 weeks
  • Offer accepted to searches ordered: 36 days
  • Mortgage arrangement: 3-6 weeks
  • Searches to an exchange of contracts: 58 days
  • Exchange of contracts to completion: 0-28 days

(Data:  View My Chain)

The residential property auction market saw a significant increase in both the number of lots offered for sale and lots sold in 2018, as a high number of people continue to turn to auctions as a means of buying and selling property, fresh data shows.

It is clear to see the benefit of having a sales transaction under-offer and completed in a month, when you compare it to the average time it takes for a property to go ‘under offer’ in Swansea (100 days on average)!

Average time for a house to go under offer

According to the latest figures for October released by the Essential Information Group (EIG), with whom the Dawsons Auction Team work, there was a sharp double-digit increase in both the volume of lots offered and lots sold for the month, up 26% and 38% respectively.

The total amount of money raised by the group rose by just over 51% to £298 million.  “Further increases are evident throughout the rolling quarterly and yearly figures, demonstrating an ever-strengthening market with growing numbers of buyers and sellers choosing auctions as a viable route to market,” said David Sandeman, Managing Director at EIG.

Speaking with Callum Thomas, our Auction Sales Negotiator, the Nationwide statistics fro EIG mirror those from the 5 Dawsons auctions during 2018.  Callum says “we have always had a strong Auction market in South Wales and in 2018 we had an average of 19 properties listed at each event, but we have seen a real change in our audience.  We have had a significant increase in ‘auction newbies’ attending, especially from further-afield areas, like London & Bristol.  It would appear that many people are looking at investments in our location, whether it be buy-to-let, flips, pension plan or putting their kids on the market.  We are really delighted to announce that we’ve been able to sell 91.3% of our listed stock at Auction, this is much higher than the National average for property listed in the traditional manner, which is 65% (77% for Dawsons traditional sales properties).”

“With regards to pricing, the Auction medium is still being used for more ‘run-down’ properties or those with development potential.  Hence, the average sale price at Auction for Dawsons in 2018 stands at £99,981 (price does not include pre / post-auction sales).  That said, it is an increase on 2017 figures and there is definitely a shift happening, with more family homes or more traditional property being listed.”

Compare this with the traditional (non-Auction) sales in County of Swansea 2018, you will see that there is a distinct gap still, but one which is being closed and is likely to close further during 2019.

  • Semi-detached properties averaged £158,142.
  • Terraced properties averaged £123,044
  • Detached properties averaged £276,469.

This was similar in terms of sold prices to nearby Bridgend (£166,620) but was more expensive than Neath Port Talbot (£125,157) and Rhondda Cynon Taff (£124,686). The most expensive area within Swansea was Rhossili (£800,000) and the cheapest was Brynhyfryd (£99,695).

In the past year house prices in County of Swansea were 4% up on the year before and 4% up on 2016 prices, when they averaged at £166,648.

Taking in the areas from where we’ve seen a marked increase of auction buyers coming, it may suggest that Swansea is an area of particular interest to property developers or investors looking for rental properties:

LONDON

Most of the sales in Central London over the past year were flats which on average sold for £1,565,096. Terraced properties had an average sold price of £3,379,980 and detached properties averaged at £3,000,000.

  • Central London averaged £1,691,247
  • West London averaged £1,244,006
  • South West London averaged £743,632
  • North London averaged £714,095

BRISTOL

Last year most property sales in Bristol (County) involved terraced properties which sold for on average £317,913. Flats sold for an average price of £252,766, while semi-detached properties fetched £350,286.

  • Bristol (County) averaged £315,338
  • Gloucestershire averaged £300,133
  • Somerset averaged £292,947
  • Wiltshire averaged £289,584

During the last year, sold prices in Bristol (County) were 5% up on the previous year and 11% up on 2016 when the average house price was £285,126.

If you would like to speak to someone about the Auction process, and whether it would be beneficial to your property, or if you are interested in attending our next auction (Wed 27th February3pm) then read on or call us on 01792 478903 or 01792 478904.

Looking Back as we look forward into 2019

Round-up of 2018

As we head into a brand new year, we look back over the past year at Dawsons and all of the amazing community events we have been involved with, money raised for so many good causes, and a wonderful team of people, all of whom have given their time & effort voluntarily.  Thank you Dawsons Team and to everyone who has donated!

Happy 2019, let’s hope it’s an amazing one!

January

Christmas Jumper Day in aid of ‘Save the Children’

Save The Children Christmas Jumper Day 2017

February

Our Valentine competition winner enjoying breakfast at The Optimist

valentine competition at The Optimist 2017

March

Our branches collecting for the West Wales Poundies

EASTER FUNDRAISER for west wales poundies

April

Climbing Pen Y Fan for the Neonatal Unit

pen y fan climb for Neonatal Ward WALESSeveral of our Dawsons babies have spent time in the unit, not least George on the left whose life was saved there seven years ago and completed the strenuous walk with the Dawsons banner in his rucksack.

May

Our ‘Sell your home for free’ competition winner

SELL YOUR HOME FOR FREE

June

#OneThousandItemsOfFood for Trussell Trust Food Bank via Agents Giving & Relocation Agent Network

Thousand items of Food for Trussell Food Bank

Collecting food for the homeless

July

“Safe as Houses” supporting the child safety wristbands at Wales Airshow

Children's Safety Wristbands

WRIST BANDS FOR CHILD SAFETY AT WALES AIR SHOW

August

Sponsoring and taking part in the Burry port Raft Race in aid of the RNLI and Afia Banjul Football Association

burry port raft race for RNLI 2017

September

Macmillan coffee mornings across the branches

MACMILLAN COFFEE MORNING

October

Dawsons Langland Litter Pickers.

litterpick langland 2018

November

Sam’s curry night as she heads off on Maternity leave, whilst undergoing chemotherapy for Breast Cancer.

SAM & LUKE BRAVE THE SHAVE

Sams Breast Cancer curry night

December

Mr X Donations for underprivileged local children.

MR X COLLECTION FOR UNDER PRIVILEGED CHILDREN

Airmail Express to Santa Claus from Gorseinon

Christmas Letters to Santa Claus

Santa Claus rides in a reindeer sleigh.

If you have been good this year and want to send your Christmas List to Santa Clause, you can post it this week at the Dawson’s Office based at 90 High Street, Gorseinon, Swansea SA4 4BL.

We have an official postbox in the office and once all of the mail is collected it will be winging it’s way to Santa in the North Pole!

Post a letter to Santa in GorseinonPlease try to use Santa’s official address on your envelope:

Santa/Father Christmas

Santa’s Grotto

Reindeerland

XM4 5HQ

Mums and dads and all friends come into the office, get warm, have a mince pie and a glass of mulled wine, the children can even colour in one of our Christmas pictures while you relax!  Selection Box for the best drawing on the night too.

Gorseinon Christmas colouring

We look forward to seeing you on Wednesday 28th from 5.30pm. Lantern parade and fireworks in LIme Street from 6.30pm.