For What It's Worth
The eminently sensible Scottish practice whereby the seller rather than the purchaser of a property carries out a structural survey is being recommended by agents south of the border for properties in poor condition. The Surrey based agents Curchods says it speeds up the sales process and gives buyers less room to negotiate the price down. Executors are generally more willing to see the virtues of the scheme than people selling their own home, according to Curchods' senior partner Andrew Dewar. He is selling a three-bedroom Victorian terrace in Guildford, needing total refurbishment, for pounds 65,000 rather than the normal pounds 95,000 because of the work revealed by a full set of structural reports. "The vendors agreed it was important to attract only those people who have a real interest and the financial ability to undertake a lot of work," Mr Dewar said.
Nick van Hoogstraten, the American producer of the forthcoming West End show The Fields of Ambrosia, has rented a flat in St John's Wood, London. He took the two-bedroom flat in Hamilton Terrace the day after Chestertons put it on the market for pounds 350 a week.