Country house sells for more than £1million
A COUNTRY house in Wembury dating from the 1930s has sold for more than £1million.
The property, named Monckswood, boasts seven bedrooms, three bathrooms, a paddock, a detached range of stone barns and an orchard which totals in five acres of land.
The buyers, from the South East, have taken up professional posts in Plymouth.
The property lies between Plymouth Sound and the estuary of the River Yealm in South West Devon.
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Roger Punch, from Stags estate agents, said: "It is a great sale for Plymouth, it's an amazing house. There is a market for quality properties in the region.
"It should give people confidence in the economy. We have tremendous properties in our neighbourhood.
"People are attracted to Plymouth to live and work here and it is well equipped to bring up a family as well. This really is good news for Plymouth."
The detached house was built in the 1930s and features limestone walls, granite quoins and a slate roof.
The reception hall has a sweeping curved staircase, mullioned windows and high ceilings.
The house was originally built to complement the nearby Wembury House and was for many years the official residence of the Air Vice Marshall for RAF Coastal Command.
Incorporated within the grounds are the original stables and coach house for Wembury House.
The sale comes as new figures are revealed showing the Westcountry housing market being on course to bounce-back after the biggest surge of would-be buyers in more than a year.
According to the Royal Institution of Chartered Surveyors (RICS), buyer demand rose last month at its fastest rate since summer 2011.
RICS says the period also saw more properties coming to the market and believes purchasers across the region are looking to test the pre-Christmas market.
The institute says the optimism shown in recent months may slowly be translating into an upturn in activity.
Alongside this, RICS said the number of homes coming onto the region's market also rose.
Last month, 15 per cent more respondents reported rises rather than falls in the number of vendors placing their properties on the market, up from two per cent.
RICS researchers also said house prices across the UK were generally continuing to stabilise, although a balance of seven per cent more surveyors reported drops than those who saw rises.
Comments
by Incredulous2
Wednesday, November 14 2012, 8:01AM
“"It should give people confidence in the economy". Oh yes, we are all on the verge of being able to buy properties for 1 million plus - just needs the economy to improve that little bit more......
Having said that, good luck to the owners who, although are moving from outside the area, will be living and working in the area (and spending their money in the area too). I hope they enjoy Devon.”