Featuring fantastic schools, lots of green areas and property that’s good value for money, Sutton isn’t just up-and-coming – it’s already here.

Sutton Landlord Property Services, Renting in Carshalton as a Tenant with Letting Agents Next Step Estates

The area, which houses around 200,000 people, attracts both young professionals and couples who like the buzzing atmosphere. But young families too are keen to move here, thanks to the outstanding reputation of local schools. If you are a Landlord looking for a reputable, trusted letting agency, let’s chat today about our exclusive Property Management services in South West London.

In fact, Sutton has the fifth highest owner occupancy rate in Greater London. More than 40 per cent of working age residents have a degree level qualification or higher, while the number of residents economically active is higher than the London and national average. Of the seven districts which make up this borough, many have a lively, independent community feel.

To find out how we can help you secure a quality rental at a good price then call us on 020 8767 6181. Alternatively write to us via our contact form..

Sutton Letting Agency, Rent a Flat in Carshalton, SW London

• Are you thinking of letting your property? Or are you already a private landlord looking for a new tenant? Next Step Estates offer you a personal service.

• New Landlords and first time private landlords can read our Letting FAQ here

• Tenants – View our current properties to let in South West London

Sutton Rail and Tube to Balham, Clapham, Dorking, Guildford and St Albans

London Victoria is a mere 30 minutes from Sutton Railway Station. Balham is 20 minutes and Clapham Junction 23 minutes. You can also get to Dorking, Guildford and St Albans from here. Sutton Common Railway Station has local connections, such as, Wimbledon, Farringdon and Kentish Town. There’s also talk of extending Tramlink from Colliers Wood to Sutton. Sutton is actually in Zone 5. A TfL annual rail card is £2,628, while monthly it’s £252.30 at the time of publication (November 2022)

Driving in and out of London from Sutton is pretty easy, thanks to easy access to the A232 and A217. Further out you’ll soon get to the M25 & M23, and last but not least if you are looking for a property that’s close to a London airport – Gatwick Airport is a mere 30 minutes away, and Heathrow 60 minutes.

Rental Prices  and Costs in Sutton and Carshalton, SW London

Competitive rental prices for single tenants and families – A one-bedroom flat in Sutton comes in at around £1150 to rent while a two-bedroom house is renting for £1650. A three-bedroom flat is £1800 and a four-bedroom bungalow £2,700 (November 2022)

A one-bedroom flat in Sutton comes in at around £1150 to rent while a two-bedroom house is renting for £1650. A three-bedroom flat is £1800 and a four-bedroom bungalow £2,700.

Education

Sutton’s state secondary schools regularly feature amongst the top in the country. A report by Ofsted in 2021 showed 43 per cent of the borough’s secondary schools received a rating of ‘outstanding’ – significantly higher than the London figure of 36 per cent.

And, with a total of 24 state secondary schools and 50 primaries – including five grammar schools – parents have plenty of schools to choose from in Sutton. The local colleges at Croydon and Merton both also share good educational reputations.

Green spaces and parks – Outdoor activities nearby

Sutton has 16 parks, making it one of London’s top green areas. Certainly, with more than 1,500 acres of open space in total and the largest regional park outside of central London, there’s plenty of opportunities for getting away from city living in Sutton.

Whether you want to go cycling, running, skating or wandering around formal gardens, there’s something to occupy everyone. Play tennis at the 58-hectare Beddington Park, try a round of crazy golf at Grove Park or enjoy a game of bowls at Rose Hill Park. For those keen to get plenty of exercise or wildlife watching at the weekend, they can head for two local Areas of Outstanding Natural Beauty at the Surrey Hills and the Kent Downs.

Crime 

Last year the crime rate for Sutton was 62 per 1000 people. That compares favourably with the crime rate for the capital as a whole (87 per 1000 residents) and makes Sutton one of London’s five safest boroughs.

Sutton High Street and Local Shopping

Sutton High Street offers brand names while more shops can be found in the Saint Nicholas Shopping Centre, alongside a food court and multiplex cinema. For independent boutique style shopping Wimbledon Village is just 15 minutes on the train while the bright lights of London Bridge and Victoria’s shops are just 30 minutes away.

Restaurants and cafes local to Sutton and Carshalton

The Grumpy Mole, The Ginger Frog, and the quirky and dog-friendly Shinner & Sudstone are favourite family bars and restaurants. The Winning Post (formerly Red Lion pub) is also popular and lays claim to hosting the Rolling Stones in their heyday.

For Italian head to Casa Nostra, Spaghetti Tree and Zizzi. Seafood lovers will no doubt frequent The Fat Crab where, actually, your hands are the cutlery. For Chinese food there’s Heen’s restaurant.

Entertainment

Sutton Music Festival is an annual event and showcase of young talent. You’ll also find drama and live music in Nonsuch Park, including a local country show and lively 5k weekend parkrun.

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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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