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The borough is popular among families and young couples looking to buy their first property in the borders of London. Based on the southern edge of the capital, Sutton has great transport links into the city centre across many of its small communities. However, if you are looking to move from Sutton, what can you expect when selling your home?
Looking to sell your Sutton home?
Property prices in Sutton have increased generally across the board over the last year. Detached homes have seen the highest increase at 41%, while semi-detached homes have slightly increased at 8%.
Flats, which are the most advertised property type in the area, will sell for around £252,616, while detached homes will reach an average price of £865,479. Terraced and semi-detached homes should reach a price of £381,099 to £476,809. Terraced homes are most in demand at the moment, and have seen a sizable price increase over the last year of 17%.
Looking to rent your home?
What can you expect if you are moving out of Sutton but wanting to rent out your property? Rooms are most in demand for the area, although they are also advertised few and far between.
Rooms will currently get you an average monthly income of £657 PCM. Flats, which are most advertised will bring in £1,122 PCM while houses will achieve an average of £1,997 PCM.
Buyer demographic in Sutton
Sutton is popular among couples and families – the average age for householders is 38 years old. You may find interest from professionals looking at Sutton as easy commuting distance from the city centre.
Property in Sutton will generally sell quite quickly, within 50 days on average. Terraced homes will be snapped up quickest in the area, at just 32 days on average, while flats, which are advertised most in the area, should take around 56 days to sell.
Detached and semi-detached properties will take around 49-53 days for the selling process to be completed.
Similar locations to Sutton
Sutton is a great place for families and couples to establish themselves within the outskirts of London. The area offers accessibility to the hustle and bustle of the city centre while providing some peace and quiet for your family. If you are looking to move somewhere with a similar location and features, consider making the move to Bromley, or the southern end of Croydon.
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