PROPERTY Q&A; In our series in which people in the North East property market give a personal view on homes, housing, the industry and more, homemaker meets Duncan Young.
What sparked your interest in the property business? I bought my first property when I was 18 in Warkworth and sold it two years later for a good profit. This was the first of many houses I had in my early twenties, which seemed to make me more money than my salary did.
What is the best advice you have ever received about property? Always buy in the best location you can afford.
And the worst? Recent years have taught us that property values can go up as well as down.
What tips would you give to someone wanting to enter the industry? Always do your homework and a good background in psychology helps!
What should a prospective buyer/renter look for when choosing an agent? Factual evidence, maturity and a willingness to go the extra mile.
What are the three most important things people hoping to buy should think about when looking at a home? Location is always the most important. Neighbours can have a major impact on the enjoyment of your home and stability/maintenance will impact significantly on its affordability for the future.
Or if they're planning to rent? A fully managed service, correcting any minor problems that go wrong is vital. Use a reputable firm with good contractors who will act quickly. It is also vital that in the short period that you are renting the property you have peaceful and quiet enjoyment of the house without interruption or defects.
What are the biggest changes you've seen in the past five years? We have had one of the worst housing recessions in living memory and we are now coming through it. Professional advice is required to ensure you have the right mortgage facility and that you can afford the place you call your home.
Where do you see the market in five years? Rising gradually in value and demand. Also a rise in interest rates, but affordable for people, enabling us to repay our deficit and build upon solid foundations. There will be increasing numbers of new build properties constructed in the next five years, giving greater choice of living standards and qualities.
What should the Government be doing to further help the property market? Stamp duty relief and reductions in areas of lower demand and prices will encourage more people to live evenly throughout the country and council tax discounts will also encourage people to live in areas where greater residents are needed.
Have you always lived in the North East? If not, what brought you here and when? Yes. I was born in Amble, lived there for 10 years then Warkworth for 10 years before moving to Gosforth, where I have lived for the past 30 years.
Your three favourite places in the region? The Bamburgh coastline; the stunning and vibrant Newcastle Quayside with its historic city centre; and the Tyne Valley with its many beautiful villages, views and restaurants.
Favourite restaurant or pub in the North East? The County Inn on Gosforth High Street and Cafe 21 on the Quayside.
Would you choose country, coast or city? Having lived here for 30 years it has to be the city.
Walk, museum or gadget? Definitely gadget. Estate agency has changed tremendously due to gadgets over recent years.
Cinema, theatre or DVD? Theatre if it is a lively musical with good dancing for a special occasion, or DVD to relax and chill out on a quiet night at home.
If your Lottery numbers came up what would you buy or do? I would most definitely travel, with a list of European and Worldwide cities still to visit.
Contact details Duncan Young, managing director Sanderson Young, email duncan. email@example.com, tel: 0191 223 3500, www.sandersonyoung.
The suburb of <BJesmond is a particular favourite with Duncan Young and he considers this imposing home as one of the top 10 houses in Newcastle. 13 Lindisfarne Road, Jesmond, was built in the 1900s and has undergone an extensive and impressive refurbishment. It includes a leisure suite with games room, gymnasium, eightperson Jacuzzi and a swimming pool. The property also has six bedrooms, all with en suites, plus many extras including an orangerie,
study and playroom. It is for sale through Sanderson Young at PS4.5m.
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|Publication:||The Journal (Newcastle, England)|
|Date:||Oct 25, 2014|
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