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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

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.

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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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Wimbledon Letting Agency Landlord Property Services South West London

admin — Thu, 03 Nov 2022 13:14:23 +0000

Wimbledon Letting Agency Landlord Property Services South West London

It may be world-famous for its tennis while it’s Common is renowned as the 1980’s home of the Wombles, but Wimbledon has something else going for it too. And that is community spirit. If you are a tenant or a family looking to rent in the Tooting Bec, Blaham, Morden and Wimbledon areas, call our team on 020 8767 6181. Or, get in touch via our Contact Form.

Wimbledon, London and Renting a Family Home

An upmarket area of southwest London beloved of families, there’s always organised local events for children and adults alike, giving it a village feel. Its demographic means it’s a safe area – one where it really is safe to walk around those green leafy residential streets at 3am without fear.

And, in fact, crime is extremely low in Wimbledon. Last year the Office of National Statistics (ONS) recorded the crime rate as 62.4 per 1,000 people. That compared favourably to a national average of 77.6.

It’s not just the green areas, wide streets and assortment of large three to four-bedroom homes that attract families to Wimbledon, there’s also the good school’s aspect. Then there’s the excellent travel connections with the London Underground, the tube stations are very well orientated. Heathrow Airport is a mere 60-minute drive (or the same time via TFL). Trains run direct to Gatwick Airport from Wimbledon Station. Access by car to the A3 is easy, opening up connections to Portsmouth. The A3 merges with the M25 then westwards on the M40 to Oxfordshire or eastwards to Surrey.

Wimbledon sits a mere six miles from the centre of London. Wimbledon Station is on the District line, with Westminster only 35 mins by train, Earls Court and Waterloo and within easy commuting distance too. Being in Zone 3, an annual travel card for Wimbledon is £1,808, or £173.60 a month. The Station connects to both South Western Railway and Thameslink. Wimbledon Chase Station also connects to Thameslink, while you’ll get a link to the Tramlink from the main Wimbledon Station.

Wimbledon Things to Do, Entertainment and Nightlife

The New Wimbledon Theatre shows a variety of plays and concerts throughout the year. This beautiful grade II architectural venue dates back to 1910 and is the eighth largest Edwardian Theatre in London.

Those looking for live music can head for the Prince Albert (rock) and Ye Olde Mitre (indie). The Crooked Billet or King’s Arms are big rugby pubs and regularly host live screenings of the Six Nations.

The All England Lawn Tennis & Croquet Club ensures the area is buzzing all summer long, of course, with the most prestigious tennis championship in the world taking place in its 12,000-seater midst. The Wimbledon Lawn Tennis Museum is another attraction – one which holds Family Fund Days twice monthly. Kids can also enjoy art classes at Wimbledon Art Studios, dance at The Russell School of Ballet and drama at the Polka Children’s Theatre (which started way back in1967).

Wimbledon School and Education Catchment Areas for Families Looking to Rent

It shows how many families live in Wimbledon when you consider there are seven secondary schools here, and 15 primaries. There’s also an international school – Lycée International de Londres Winston Churchill. Impressing education establishments include Wimbledon High School, Kings College School (which this year received an ‘excellent; ISI report) and the independent catholic, Ursuline Preparatory School.

November 2022 Single Tenant and Family Home Rental Prices

You can rent a bright and sunny one-bed maisonette in Wimbledon for £1550 a month and a two-bed flat for £1,700. Three-bed properties are renting for around £3,900 and a house with four-bedrooms for £4,983.

Thinking of moving to Wimbledon? Then ring our letting team here at Next Step Estates. After a decade working here we have built up excellent contacts in the area. Tel 020 8767 6181 or email us using our Contact Form.

Eco Friendly Green Spaces and Parks – Wimbledon Common

Wimbledon is blessed with green spaces – the Common offers wildlife and tranquillity from the business of living in the capital. It’s not unusual to find families enjoying picnics there in the summer and joggers all year round. Then again there’s also plenty of sporting opportunities for residents to get involved in. That’s because Wimbledon Park (just off the courts) is home to an 18-hole golf course, an athletics track, cricket pitches and nine ponds.

For something a little different, grade II-listed Cannizaro Park boasts landscaped gardens, diverse flora and fauna, a water garden, rose garden, various sculptures and lots of quiet corners where busy executives and professionals can chill for some time under a rare tree or two.

Shopping

Wimbledon is split into the larger High Street area and the more upmarket Village area uphill. The latter is pedestrianised and home to around 40 shops – many independent boutique offerings – and a cinema. The High Street sports, amongst UK recognised brand names, the independent century-old, grand Elys department store. Gourmet delicatessen Bayley and Sage is the place to go to stock up on picnic essentials and can be found in the Village, alongside such upmarket offerings as Cath Kidston, Le Creuset and Farrow & Ball.

Restaurants and places to eat

Thai Tho is the place to eat if you want to spot A-list tennis players, particularly the likes of Venus Williams’s who says it’s her favourite in the area.

High Street offerings come in the form of The White Onion, while more a la carte dining can be found at The Light House on Ridgway. Cote serves up French plates while Sticks ‘n’ Sushi is another favourite for Asian-inspired edibles.

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