At Belvoir Sutton, we believe Sutton is an excellent location, and it has a lot to offer. We know there are many areas in London to consider, but if you are looking for a great location, contact us and we will ensure you make an informed decision.
Do you know the Sutton housing market?
According to Rightmove, house prices in Sutton as of the end of June 2021 can be described as;
“Properties in Sutton had an overall average price of £479,236 over the last year.
The majority of sales in Sutton during the last year were flats, selling for an average price of £299,951. Terraced properties sold for an average of £447,049, with semi-detached properties fetching £567,620.
Overall, sold prices in Sutton over the last year were 10% up on the previous year and 14% up on the 2018 peak of £421,983.”
It is important to remain aware of house prices when considering the housing market, but it is also crucial you are familiar with what is driving change in the market.
Right now, family homes are hot in Sutton, and according to Zoopla, the demand for these large properties has grown by 57% since March. This represents the most significant increase in London in this time, which indicates Sutton leads the way in the Greater London area.
While there is likely to be a range of factors involved with this increasing demand for homes, Zoopla believes the return to school for many pupils has ignited demand for larger homes. In Sutton, there has been notable demand for four and five-bedroom properties.
People want more space home these days
Of course, the impact of the pandemic and the lockdown means larger homes are in demand. People are looking for more space, and a property with a garden. Therefore, we shouldn’t be surprised when the demand for these homes increases by a notable amount.
According to Zoopla, a four-bedroom terrace on Headley Avenue in Wallington was the most viewed property in the local area. Given the size of the home, the popularity of the cul-de-sac and the presence of transport links, shops and great schools, this shouldn’t come as a shock.
With a garden, a detached double garage, ample loft space and plenty of off-street parking, it stands to reason why there is great interest in this property. Then again, it is not as if this is the only home in Sutton that is in demand, and if you are looking for more insight into what the area has to offer, we are here to assist you.
Gráinne Gilmore, Head of Research at Zoopla said: “The reopening of schools in early March was a key moment for the residential property market, alongside the extension of the stamp duty holiday, with buyer demand rising by some 25% in March and April compared to the first two months of the year.”
“The data signals that in more affordable areas buyer interest is rising for 2 and 3-bed houses. On the other hand, buyer demand is rising at the highest rates for 4 and 5-bed houses in the areas where these homes are typically larger than the average signalling that a need for additional space is a factor driving interest in this segment of the market.”
If you are starting the sales process, or wondering what your next move will be, you can arrange for an instant valuation to take place. Our instant valuation tool is free, quick to use and very easy to arrange, so contact Belvoir Sutton today if you would like to arrange a valuation anytime soon.
