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Situated in south-west London, Wandsworth is home to many thriving residential communities, including Wandsworth Common, Clapham, Battersea, Earlsfield and Tooting.
Many green spaces and excellent transport links to and from the city centre make Wandsworth a great place to live. However, if you are looking to move from the borough, what can you expect when selling your home?
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Looking to sell your Wandsworth home?
Property prices in Wandsworth has followed with the rest of London and seen major increases. In the last year alone, prices in the borough have seen a 23% increase, with the average property now costing £806,173.
Flats, which are most in demand in the area, have also seen the lowest growth over the last year, at 4%, and will generally achieve a price of £618,639 on average.
Looking to rent your home?
You may be wanting to rent out your property in Wandsworth. So what can you expect with the rental market? Property prices fluctuate across the borough, but will achieve an average monthly income of £2,506 PCM.
House sharing is a popular method of living in the area, which sees many people renting out 3-4 bedroom properties for an average income to the owner of £3,517 PCM. Flats will achieve an income of £2,294 PCM while single rooms will bring in around £788 PCM.
Buyer demographic in Wandsworth
Buyers will generally be young singles in a variety of professions. The average age for people in Wandsworth is 34 years old.
Property in Wandsworth will generally be sold within 88 days from first being advertised. However, this varies vastly depending on the property you currently own.
Flats are most advertised, but will be snapped up within 86 days. Detached properties are least advertised on the internet and so will be sold within 67 days. Semi-detached properties take the longest amount of time to sell in the area, taking 126 days overall – almost double the time for detached properties.
Similar locations to Wandsworth
Wandsworth has many great green spaces and is just 20-30 minutes away from the city centre by tube. If you are looking to move somewhere with plenty of green space within London, consider moving to Richmond or Merton for Wimbledon Common.
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