Estate Agent Mitcham Archives - Estate Agency and Letting Agent Tooting | Sutton | Mitcham Property Services

Independent Estate Agent London SW Tooting Bec, Mitcham, Sutton Surrey

admin — Wed, 07 Dec 2022 16:46:21 +0000

Independent Letting and Estate Agents Tooting Mitcham and Sutton London South West

Why Christmas Is the Perfect Time to Sell Your Property

Have a property to sell and waiting until New Year to put it on the market? Based on recent trends we advise against this. Holding off until the New Year is what most vendors are thinking. Understandably, the majority of sellers reckon they’ll get Christmas and all the festivities out of the way before they start concentrating on selling.

No Sale No Fee Estate Agent – Property Valuation and Listing

Come Boxing Day hundreds of house hunters are already online seeing what’s available. And if you haven’t already instructed an estate agent in Tooting, Sutton, Mitcham or surrounding to get selling your property then you’ve pretty much been left on the back foot. Act today and broadcast your listing with Next Step Estates.

How to sell with us and list your home for sale
Ten steps to successful property selling in London South West – Tooting Bec, Mitcham and Sutton, Surrey
Call our team today on 020 8767 6181. Or, get in touch online via our Contact Form.

Independent and Trusted in Tooting – Sell Your Home with Next Step Estates SW London#

Boxing Day property viewers are increasing

Online portal Rightmove reported visits to their website on Boxing Day 2021 were 54 per cent higher than the previous year. We’re not surprised. The week between Christmas and New year is a period when people have the time – and inclination – to sit down and start organising their life – they’re still off work, after all.

Instructing Next Step Estates prior to the Christmas break will allow us time to implement the right marketing strategy for your property ready for a Boxing Day launch. Our marketing includes a professional photography session, floor plans, virtual tour etc all completely risk free to the seller as we offer a no sale no fee service.

Let’s chat! Book a consultation with us or call, email or just pop into our office, we’d love to meet and greet you. Did you know? Along with our offline marketing efforts plus the added boost of the increased online portal views we should be able to conduct a large number of viewings in January 2023 which will help in achieving the best possible price for you. Sound good?

SW17 London Best Estate Agent 2023 – Selling Your Property is Easy with Next Step

As an experienced estate agent covering Wimbledon, Morden, Sutton, Mitcham and Tooting we are well aware that another reason the Christmas holiday period is a good time to sell is because most families will be together. And that means being able to discuss any new house move with the main decision makers present in the room.

Sell your London home during the festive period, cash in on cosiness – The height of winter isn’t a bad time to sell your current home. Yes, you can’t get the full benefit of a lovely garden, but you can make the property look cosy, warm and inviting with a log burner, plenty of lamps and jewel-coloured throws and cushions.

Serious sellers choose the Christmas season

House hunters who are actively looking over the traditionally quiet festive period in the property market tend to be those who are very serious about moving quickly. In other words, they are motivated, which translates in to ‘quality buyers’. What do we mean by that? Well, they are viewing property because they want to – or feel they need to – rather than turning up at parties and enjoying all the frivolity of the season. And this means, you are far more likely to get a sale.

Selling in London SW17 – Set up a solicitor – How we’ll work together

As well as getting a good estate agent onboard, you’ll also need a conveyancing solicitor to help you sell your home. It’s a good idea to get one ready in advance so they have all your paperwork prepared and can act quickly when you give them the nod.

Here at Next Step Estates in SW17 we will prepare all the necessary particulars needed to sell your property so that it’s ready to be marketed online on Boxing Day. This includes getting a print of the floor plan, commissioning an EPC, instructing a photographer and producing a marketing brochure.

At Next Step Estates we don’t tie home sellers in to a contract. You can instruct us today and walk away tomorrow, that’s how confident we are in the service we offer. So, house sellers in SW17 put down the mulled wine and wrapping paper and pick up the phone today, would you like us to come round to see you at your home?

BOOK A PROPERTY ADVICE CHAT

VALUE YOUR PROPERTY

HOME VISIT BOOK HERE

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SW17 London House Prices – Estate Agent Sell Your Home

admin — Thu, 17 Nov 2022 15:26:07 +0000

Sell You Home in SW17 London Estate Agency Next Step – House Prices November 2022

BOOK AN INSTANT ONLINE VALUATION

Property in London as a whole is strong, having increased by eight per cent in September 2022, according to the Halifax House Price Index. If you are looking to sell your property in South West London, call our team today on 020 8767 6181. Or, drop us an email via our Contact Form.

We offer private Landlord property management services and you’ll love to read our ‘above and beyond’ case studies on how we help you 7 days a week.

The lender, which bases its report on the number of mortgages approved over a particular month, recorded a record high last month. It’s clear, however, that the property market is beginning to slow, thanks to the cost of living crisis and an increase in mortgage interest payments as the Bank of England continues to put up its base rate figure. This is now sitting at 2.25 per cent, although it’s expected to increase by another one per cent at the next Monetary Policy Committee meeting this month. On 17th November 2022, (today) the government outlined new changes for England which is published here on gov.uk

Independent Estate Agents SW London

This is balanced against stamp duty cuts, a shortage of property coming on to the market and a positive employment situation – all of which fares well for a strong property market. There is no doubt though that the market is beginning to slow down – but then, it was coming from a very high starting point, having been constant since the end of the first lockdown.

In this post though we are looking at property in SW17 Tooting. Here we get the average price of several property categories from three different price indexes – each of whom calculate using different metrics. There isn’t a great deal of difference between each – certainly in the lower priced properties:

Rightmove average prices

According to property portal Rightmove, whose results are based on asking prices, the average price of a property in SW17 last year was £722,905.

They noted that the majority of properties that changed hands in the area were flats – the average asking price for which was £495,670. Terraced properties were the next most popular property type, selling at an average £893,034. Semi-detached properties were also popular, selling at an average £1,237,194.

These prices were three per cent higher than in 2021 and 10 per cent higher than the previous peak of £655,910, back in 2016.

Property Prices London SW17 with Zoopla in Tooting

According to rival property portal Zoopla, the average property in Tooting sold for slightly more over the past year, at £751,886. This makes sense since the company gets its figures from the sale price for properties on its site. In other words, many properties sold for more than the original asking price.

Zoopla was also able to differentiate between property types. Their figures found that flats sold for an average £490,410, for instance. Terraced properties cost around £929,983, semi-detached houses sold for £1,069,580 on average, and detached houses for £2,009,400.

Home.co.uk shows historic price rises – The sales and lettings database calculates annual average selling prices from local estate agents around the UK. It compares them with historic data. Their current statistics are from 1995 to July this year. A comparison between the first data published and now shows phenomenal growth in house prices – not just in Tooting, of course – but all over the country.

Looking at the individual property types, it shows that the price of flats in Tooting have increased by 722 per cent since 1995. Then a flat would have cost £55,671. Today (November 17th 2022) a flat will set you back £457,638.

Terraced houses were on average around £96,444 in 1995. Today you will pay £849,710. That’s an increase of 781 per cent. A semi-detached house was £225,850 in 1995, today it’s £1,340,007 – a jump of 493 per cent. Finally, a detached house was £84,995 around 22 years ago, now it’s worth an average of £2,650,000 – and, at an increase of 3018 per cent, that’s the biggest jump of the lot.

SW17 London Landlords and Property Owners – Let’s Chat

If you have a property you would like to sell in South West London, Tooting, Mitchum and Sutton then get in touch with our sales team today. Conversely, if you see a property you like on our site and are interested in viewing it then call us to book an appointment.

At Next Step Estates we are an independent sale and letting agency focusing on property in London’s upcoming SW17 area. We have been covering the location for more than 15 years now. As a result, we are familiar with all the area’s property types and the type of prices you can expect to find. To contact us, tel: 020 8767 6181. Alternatively drop us a line via our Contact Form.

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Estate Agency News for Tooting, Mitcham and Sutton Stamp Duty Boost

admin — Wed, 05 Oct 2022 13:42:33 +0000

First Time Buyer Stamp Duty Boost – Estate Agency News for Tooting, Mitcham and Sutton

First time buyers in Tooting, Sutton and similar areas of London have been handed a stamp duty boost by the current Conservative government.

Just as former Chancellor Rishi Sunak choose to provide a stamp duty holiday for buyers – and in doing so inflamed an already ‘hot’ property market – now Kwasai Kwarteng has increased the threshold at which stamp duty tax is payable.

South West London First Time Buyers – Act Now

The £125,000 no-tax cut-off point has been raised to £250,000, while first time buyers can buy property up to £425,000 without having to paying any stamp duty tax (previously the first-time buyer threshold was £300). In addition, first-time buyers can buy a property valued at up to £625,000 and still claim relief (a jump of £125,000).

Sellers encouraged to list sooner rather than later.

Stamp Duty Cuts – Sell Your Home with Next Step Estates

All of the new measures came in immediately and, according to the government, will benefit around 200,000 new property buyers in England and Northern Ireland, including first time buyers in Sutton, Tooting and other London boroughs. Scotland and Wales have their own Stamp Duty systems – Land and Buildings Transaction Tax and the Land Transaction Tax respectively – and where the cuts aren’t applicable.

The cuts to stamp duty have been welcomed by some first-time buyers, while others fear they may just make the cost of property even more expensive.

If you are thinking of selling, contact Next Step Estates

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Letting Agency Tooting Bec Morden Balham and Wimbledon SW London

admin — Thu, 22 Sep 2022 11:26:04 +0000

Where’s the UK Property Market ‘At’ Right Now?

Tooting Bec Letting Agents SW London for Morden, Balham and Wimbledon

The cost of living crisis, escalating utility bills and the possibility of a recession any time soon – it doesn’t bode well for the economy. But how is it affecting the property market?

Unlike other commercial sectors which had a miserable time during the two years of on-off lockdowns as a result of the pandemic, the UK housing market flourished. House prices have risen by as much as £30,000 over the past year, according to the latest figures by the Halifax. And if you think that’s impressive, consider the fact that property has risen in value by as much as 60 per cent over the past decade. That’s astounding.

Tenants Wanted – SW London Landlords Contact us for Property Services

Are you looking to sell a property or a tenant looking to rent in the Tooting Bec, Blaham, Morden and Wimbledon areas? If so, call the team today on 020 8767 6181. Or, drop us an email via our Contact Form. We offer Landlord property management services different to any other letting agency in South West London – the company founder was a tenant with a poor landlord. Next Step Estates are specialists at matching great tenants with great properties, as the connection between the Landlord and the person renting, we always go above and beyond as problem solvers with prompt communication 7 days a week.

Property to Let – Balham and Morden Buy to Let House Prices On The Rise

Property prices are still rising – but at a slower rate – and house prices are still rising on a monthly basis, albeit at a much slower rate than has been typical since 2020. In fact, house prices went up by 0.4 per cent in August compared to a typical monthly rise of 0.5 per cent this year. Annual growth also fell – to 11.5 per cent in August from 11.8 per cent in July.

Still, the cost of the average UK property is £294,260, says the Halifax. And there are no signs of a price fall any time soon, thanks to there being such an undersupply of property compared to demand. Those 300,000 homes Boris Johnston and the Tory party promised they’d build every year back in summer 2019? It’s a target they’ve never reached yet.

Back to September 2022 and some of the reasons the property market was so busy over the past couple of years, no longer exist, of course. It was Rishi Sunak’s stamp duty holiday which propelled the property boom – and which is now a distant memory. At the time of its introduction in July 2020 lockdown had already encouraged many city dwellers to look for coastal or countryside homes, while working from home meant many homeowners were keen to upgrade to a home with an additional bedroom which they could then turn in to an office. Conditions were ripe for a flourishing property market – especially when you consider the historically low mortgage interest rates.

Tooting and SW London mortgage rates expected to rise again

However, mortgage rates are rising – and keep rising. Householder are being forced to tighten their spending. The Bank of England’s monetary policy committee’s base rate is currently 1.75 per cent (the highest in 13 years) but economists expect it jump to 2.25 per cent next time they meet (at some point this month). The further increase will again impact on mortgage payments as homeowners on tracker mortgages and variable interest rate home loans see their monthly payments rocket.

Inflation, which was sitting at 10.1 per cent in June could reach as much as 18 per cent by the start of 2023, according to some economists. An energy cap has been announced for October’s utility bills, but it still sits at £2.500 – doubling most householder’s bills compared to the previous year. And with utility costs also hitting businesses hard, the fear of unemployment sits around the corner.

Tenancy Rental prices increase over past 12 months – Lowest Growth in London

And what of the rental market? Latest Office for National Statistics (ONS) figures from their Private Housing Rental Index show that the average UK rent increased by three per cent between June 2021 and June this year. The figure for England was 2.9 per cent. In London the growth was lowest at 1.7 per cent whereas landlords in East Midlands imposed the highest growth at 4.3 per cent.

Housebuilders and New Builds see a fall in reservations

They may have made impressive profits of £1 billion this year, but Britain’s biggest house builder Barratts is also seeing a downturn in reservations for New Build homes. Quite a substantial downtown in fact, from 0.82 per available to unit to 0.6. That’s even lower than before the pandemic when the figure was 0.7 per unit.

The developers were also having to cope with the first-time buyer scheme Help to Buy being withdrawn by the government – and not so far replaced. There are also more expensive build costs due to higher inflation and continuing supply problems.

Land Register undergo a digital transformation

There’s one bright spot on the horizon for home buyers and sellers though (not to mention surveyors and conveyancers). And that’s the introduction of the government’s three-year digital transformation project for the Land Registry office. The aim being to make buying and selling properties quicker and easier by putting the process online.

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Tooting Letting Agency Property Services Landlord Flats to Rent Tooting Mitcham

admin — Sat, 13 Aug 2022 19:09:48 +0000

Letting Agent Property Services Landlords to Rent Tooting Mitcham SW London

Over the years, we have had various questions proposed to us by landlords, many of which are valid. But, one question we often hear would not benefit the landlord if we were to react too swiftly and could have more negative consequences than good. So what is this question?

How quickly can you let my house?

Landlords may ask, ‘how quickly can you let my property out?’ or say, ‘I don’t want a void’, and while our team at Next Step Estates work with speed and accuracy, we also do not want any voids. Instead, we choose to rephrase these common questions and enquire. We often urge landlords to ask:

“How quickly can you let my property to the right tenant(s)?”

Property Services Mitcheam, Tooting, Sutton, South West London Landlords

Urgent letting enquiry? Questions about a problem tenant? Call us on 020 8767 6181

Out of office hours? Send a message via the Contact Form.

As a landlord, there are many reasons why finding the right tenant is essential. The tenant selected, after all, will be the person who will be responsible for the property.

Importance of renting your property to the right tenant – Selecting the wrong tenant could be costly, as they could damage the property, pay late or not at all and may even leave without notice. On the other hand, the right tenant will do more than pay the rent. They will care for the property and will notify the letting agent/landlord of any issues before they can develop into costly maintenance problems.

With our years of experience and refining our approach to property marketing, tenant registration, vetting and viewings, we often find ourselves in a position of receiving multiple offers on a single property. This situation allows us to pick the right offer which is most suitable, and this is not always a case of ‘highest offer wins’. There are many factors that we take into consideration when considering an offer, such as the proposed length of tenancy, if a break clause is required, offer amount, requirements and rental history, to name a few.

Landlord Property Services SW London – Tenant Advice

Unfortunately, within the letting industry, many are quick to let properties to tenants without a thorough tenant selection or screening process. The lack of a thorough process sometimes results in unwanted issues such as rent arrears or significant damage caused to the property. Rushing the selection process can potentially have the reserve effect by costing the landlord more money further down the line.

Do you have any further information needs? We have collated some hot topics for you to read below:

Tooting Letting Agency That Cares About Landlords in Mitcham and Sutton

Unfortunately, renting a property can never be risk-free, but taking shortcuts is not acceptable in today’s market. With an ever increasing amount of landlord legislation that needs to be complied with to regain possession of a property successfully, should you need to seek possession via the courts, it is important to find a letting agent that follows protocol.

When appointing a letting agent to let your property, ask them about their approach/strategy and how they ultimately mitigate the risks of renting a property. At Next Step Estates, we see our role as more than just simply renting a property but to actively ‘manage and mitigate the risks of renting a property’ on behalf of our landlords. Therefore we must act with a duty of care and skill and not compromise the letting process.

To discuss your property services requirements, speak to our highly experienced team on 020 8767 6181

Working too late for a phone call? Send us a message via the Contact Form and we’ll reply as soon as we are able.

SW London Letting Agents - Landlord Property Inspection Interim Services

Every landlord and letting agent should be carrying out a routine property inspection. At Next Step Estates, we believe that these inspections are essential for landlords and tenants.

These interim property inspections can highlight any issues with the property and provide the landlord with peace of mind about the quality of their property.

An interim property inspection is a property inspection that occurs at specific points during the tenants’ tenancy.

At Next Step Estates, we conduct interim property inspections approximately every 6-9 months.

These inspections help identify any potential issues and problems that tenants might be having or causing.

Why interim property inspections Are important: : Overcrowding, Smoke Alarms, Misuse and Maintenance

Property Overcrowding

Has your tenant sublet a room within the property without your knowledge? Whilst this may not seem like a huge concern, your tenant could have created an HMO (house of multiple occupations). Suppose the property is rented to 3 or more unrelated occupiers, and they share facilities such as bathrooms or kitchens. In that case, the property may need to meet certain standards and adhere to HMO manager rules. An interim property inspection will confirm who occupies the property.

Smoke alarm Testing

An interim property inspection is an excellent opportunity to ensure that all smoke alarms are in good working order. It could be that the tenant has deliberately disconnected the alarm/s, which is a health and safety issue, or they haven’t replaced the batteries.

Property Misuse

The tenant/s may not be maintaining the property to a good state of repair or not using the property as they should. An interim inspection will allow you to identify this and provide recommendations to the tenants on what action they need to take or take further action if required.

Maintenance of Property and Garden

Keeping a property well maintained will help reduce overall repair and maintenance costs, both at the end of the current tenancy and throughout. During the inspection, you will have an opportunity to look at bath seals, waste traps, taps etc. and identify any maintenance issues that the tenant may not have realised were an issue.

Benefits of interim property inspections

The main benefit of interim property inspections is that they allow both parties to see if the other is fulfilling their obligations. The landlord can confirm the quality of the property, while the tenant can highlight any potential issues they are having with the property. By conducting interim property inspections, the necessary party can address any maintenance issues.

Landlord Summary: Interim Inspections Are Essential To Keep Great Tenants

While many letting agents abandon the need for interim property inspections, we believe they are necessary for both the landlord and tenant. The landlord can ensure that their property is being cared for, while the tenant can highlight issues that might affect their day-to-day life, such as leaking pipes, broken locks, or other normal wear and tear.

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Tooting Letting Agency Property Services Landlord Flats to Rent Sutton Mitcham SW London

admin — Mon, 25 Jul 2022 09:24:04 +0000

Letting Agent Property Services Landlords - Rent Arrears Help in Tooting Mitcham SW London

Being a landlord is not for the faint hearted and it certainly carries its fair share of risks. One of those risks is rent arrears. Most landlords are able to absorb the financial impact for a short period of time but most will face financial difficulties themselves at some point especially if they have a mortgage to service or rely on the rent as a source of income.

When a tenant falls into arrears it could be for a number of reasons such as, loss of job, ill health, marriage breakdown to name a few.

Removing the risk is not possible but managing and significantly reducing the risk is possible by taking a systematic approach to finding a tenant.

Urgent letting enquiry? Questions about a problem tenant with rent arrears? Call us on 020 8767 6181. For more information and free, expert advice send us an online message with our Contact Form.

Property Services Mitcheam, Tooting, Sutton, South West London Landlords

Firstly, you need to ensure that you appoint an agent who takes their time to find the right tenant for the property and just doesn’t go with the first offer. With areas like Brixton, Clapham, Balham, Tooting and parts of Surrey being very fast paced, its common to receive offers on the first day of launching a property. However, the first offer is not always the best offer nor is the highest.

You need to ask yourself:

“Why is someone needing to move the very next day and willing to pay over the asking rent?”

Landlord Property Services SW London – Tenant Rent Arrears

We follow a tried and tested formula when launching a property, allowing us time to review all offers and select who we believe is the most suitable applicant for the property.

At Next Step Estates our referencing procedure is second to none, having partnered with a leading referencing agency to ensure that all of our applicants are independently vetted prior to being offered a tenancy, this will include a credit check, search for defaults and or CCJs, obtaining a landlord reference and verifying income.

Rent protection insurance can also be taken to transfer the risk of rent arrears.

It’s imperative that your managing agent has the correct systems in place to identify any late payments and a rent arrears policy to quickly act and minimise any arrears. As part of Next Step Estates property management service, we will seek to contact the tenant which will include a home visit within the first seven days if needed and establish the reason of the late payment and how this can be resolved. In most cases, the account is brought up to date however it’s when tenants become totally unresponsive and close all lines of communication is when you need an agent the most.

Tooting Landlord Property Services in Mitcham and Sutton

The options available to a landlord at this stage is limited and the most likely course of action will be to serve a notice (generally a section 8 notice) however before proceedings are issued, we always follow a set plan to try and make contact with the tenants to understand the reason for the late payment and how this can be resolved without having to take any legal action.

In the event that legal proceedings is the only way forward, we will arrange a call with our expert eviction advisor who will guide you through the procedure. (You can read more about notices in our next blog)

To discuss rental arrears solutions, speak to our experienced staff on 020 8767 6181

Or you can use our Contact Form and we’ll reply as soon as we are able.

SW London Letting Agents - Landlord Property Inspection Interim Services

Some landlords see Letting Agents as an “expense” and believe all we do is advertise the property online and immediately approach us once things go south however a good agent is totally worth their fee.

Whilst I am unable to guarantee that a tenant will never go into arrears we will certainly follow our tried and tested formula to mitigate any risk associated with letting a property.

Property Services Letting Agents Tooting South West London

If you have a property to let in the South West London / Surrey are then do give us a call on 0208 767 6181.

Letting Agency Tooting – Expect More from Next Step Estates SW London

As a landlord, you want to make sure that your rental property has tenants as frequently and regularly as possible. After all, you have invested in a property that you want to see a return on so naturally, you want to make sure that the yields from your property are as high as possible.

When it comes to advertising your property, you might want to think about using a letting agency Tooting. They can handle marketing the property, finding tenants and managing the property but what should you look for in a letting agency?

London Locations – Tooting Mitcham Surrey

It makes perfect sense to choose a letting agent that is located in close proximity to the location of your rental property. This will ensure that they have tenants seeking properties in the area and if there are any problems that they need to handle, they can do so quickly.

Landlord Services Tenant Advice

The majority of letting agents will offer the same services. This will include a tenant-find service, Tenant-find and rent service and a full management service. This makes it possible for you to find a service that meets your specific needs. So, if you want them to handle everything then they can and if you want to stay involved then this is possible to.

Proactive, Professional Property Services

If your property is sitting there without a tenant, it is going to cost you money. Therefore, you want to make sure you choose a letting agency Tooting that takes a proactive approach. This means that they have tenants ready to go or they actively market to your target tenant. You should also make sure that they use all the standard marketing platforms, so your property can be found easily.

Letting Agent Money Protection scheme

As your letting agency will be handling deposits, rents and maintenance money, it is important that your money is safe. A reputable letting agency will be able to demonstrate that they are part of a scheme that ensures money is protected.

In addition to this, if the letting agency handles the process of finding a tenant and managing rent or the full management service, you need to make sure that the deposit that the tenant pays is protected. They usually have to pay anything from 4 to 8 weeks worth of rent as a deposit and so, by law, these deposits have to be registered with a government-approved tenancy deposit scheme.

Rental Property Inspections Tooting SW London, Surrey and Mitcham

Your property will need to be cared for and so, depending on the level of service you choose, you need to make sure they carry out regular inspections. This will enable them to keep on top of maintenance issues and deal with people who can rectify problems quickly. Furthermore, they will also be able to carry out annual tasks such as clearing gutters and maintaining gardens.

So, if you are thinking about using a letting agency Tooting, you should do your research. This will ensure you choose a letting agent that works for you and markets your property to the right tenants while also managing it if that’s the service you choose.

This article was published by Nina Payne, an independent UK Digital Marketing SEO.

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