South West London

News, events, tips and advice on SW London

Archive for August, 2015

Property sets new record in Tooting

A property in Tooting, South West London has sold for an incredible £50,000 above asking price.

The four bedroom Victorian terraced house on Chasefield road, SW17 not only far exceeded its expected sale price but also set a new record for property prices on the street.

“Chasefield road has been popular with buyers for a long time because of its proximity to Tooting Bec Common and attractive period family homes” says Rachelle Cramp, Sales Manager of James Pendleton Estate Agents’ Wandsworth Common office.

“This particular property is an outstanding one; it’s sunny and has a beautiful garden, it’s finished and decorated to a high standard and it features a loft conversion. However, such a jump above asking price is also down to the huge influx of buyers we’re experiencing at the moment. The surge means our consultants are receiving large numbers of competitive offers .”

“The general shortage of homes on the market and the rise in confidence after the election results means we’re seeing a high level of competition from potential purchasers, especially in well connected zone 2 and 3 areas like Tooting.”

“Our advice to potential vendors is to make a move now and take advantage of the current climate; this situation won’t last forever as time will likely even out the disparity and we may well see an increase in new build numbers and proposals in the near future. If you’re looking to buy don’t be discouraged – there are still bargains to be had – but do speak to a trained sales consultant; an intimate knowledge of market trends will put you ahead of the competition.

To see pictures of the record-setting property on Chasefield Road visit James Pendleton’s website.

To request a valuation or contact James Pendleton click here.