From our fees to EPCs, Robert Holmes & Co explains some of the key costs you’ll need to budget for when selling a home in Wimbledon Village.
Homes in Wimbledon Village are among the most desirable in London, particularly the five- and six-bed Victorian and Edwardian properties that are on the edge of Wimbledon Common.
While the Village’s property portfolio contains an array of £20m-plus mansions complete with swimming pools, tennis courts and other luxury amenities, detached villas, artisan cottages, inter-war semis, period terraces, 1960s townhouses and retro-style flats are equally desirable.
Meanwhile, many of the new homes in Wimbledon Village help maintain the value of property in the area by combining the traditional architecture of a grand London residence with every attribute and convenience required for 21st century living.
If you are putting a property in Wimbledon Village on the market, there are a range of factors to consider when calculating how much the sale will cost. These include…
Estate agent fees
Choosing the right estate agent can make the difference between receiving an offer that reflects the true value of your Wimbledon Village property and not selling it at all.
Robert Holmes & Co has been successfully marketing some of the finest residential property in south-west London and Surrey to buyers from home and abroad since 1987.
As a long-established member of the Wimbledon Village community, our sales professionals have an unrivalled knowledge of residential properties in the area. In fact, most of our sales team live locally, adding an extra layer of expertise to the tailored service you’ll receive from us.
Our fees reflect the type of property in Wimbledon Village you own but are typically no higher than 1.5% plus VAT of the sale price we achieve. That charge covers all the marketing of your Wimbledon Village property, including the production of high-quality colour brochures and floorplans, the services of a professional photographer, listing your home on national property websites, accompanied viewings and handling all offers for your property.
Energy Performance Certificate
It became a legal requirement for vendors to provide an Energy Performance Certificate free of charge to prospective buyers on 9 January 2013. A copy of the EPC must also be handed over to the eventual buyer.
Robert Holmes & Co can arrange for a qualified assessor to produce an EPC for your Wimbledon Village property. The costs can vary, but usually range between £100 and £150 (excluding VAT).
Any owner selling a property in Wimbledon Village will need to hire a solicitor or licensed conveyancer to oversee the legal aspects of a property sale. They either charge vendors a flat fee or a percentage of the value of the property.
As a rough guide, you can expect to pay between £1000 and £3000, depending on how complex the transaction is.
Robert Holmes & Co can offer recommendations if required.
Capital Gains Tax
Although vendors do not pay Stamp Duty Land Tax when they sell a property, the government has ruled that Capital Gains Tax is payable if you make a profit from the sale of property in Wimbledon Village if it is not your primary residence. In other words, if your Wimbledon Village property is a second home, a buy-to-let investment or forms part of an inheritance.
Robert Holmes & Co strongly recommends that you seek independent financial advice about the tax implications of selling a property in Wimbledon Village.
Presenting your property in its best light to potential buyers can be crucial to a successful sale.
We advise carrying out any minor repairs the property requires, ensuring it is in good decorative order and trying to clear unwanted furniture and other possessions to make rooms appear larger.
It is also wise to factor the fees charged by removal companies into the cost of selling your Wimbledon Village property.