By PrimeResi.
We are delighted to be celebrating our busiest January to date this week at Black Brick, with a flurry of deals and a book of clients with budgets ranging up to £25mn.
At Black Brick, we have started 2024 in a way that none of us can quite remember experiencing before — and we could not be more energised by what lies ahead.
As our Managing Partner Camilla Dell has shared, January has brought with it a book of exceptionally motivated clients seeking properties ranging from £1.5 million all the way up to £25 million. It is, quite simply, the busiest January in our 17-year history — and long may that continue.
The momentum actually began building in the final weeks of 2023, when we exchanged contracts on a number of significant properties in the run-up to Christmas, achieving record discounts from original asking prices on behalf of our clients. That success is a testament to the skill, tenacity and market expertise of our entire team — and Camilla is immensely proud of every one of them.
Among the stand-out acquisitions of recent weeks was a magnificent seven-bedroom property just moments from Harrods on one of London’s most prestigious garden squares, Hans Place in Knightsbridge. Originally listed at £13.5 million — well above our clients’ £8 million to £10 million brief — we tracked the property patiently throughout 2023 as successive price reductions brought it closer into range. Terms were ultimately agreed at £10,033,560, inclusive of all furniture, representing a saving of £3.5 million from the original asking price and coming in four per cent below the most recent comparable sale on the street. Contracts were exchanged in under three weeks.
Further recent completions include an immaculate family home on Clapham Common West Side, acquired at £5.5 million for a family relocating back to London, and a three-bedroom apartment in Chelsea secured at 20 per cent below the asking price.
Beyond the deals themselves, 2024 promises to be a landmark year for Black Brick in other ways too. We have exciting plans in the pipeline — including expansion into new parts of the UK — and we look forward to sharing more details in due course. Watch this space.
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