When demand for family homes and executive flats in Wimbledon Village exceeds the number of homes for sale in this unique part of London, property on the market can attract offers at or above its asking price in a matter of weeks after being listed by Robert Holmes & Co.
Why? Because our valuations specialists use their in-depth knowledge of Wimbledon Village and the surrounding area to give every home an accurate valuation based on a number of factors. These include its type, location, condition, whether it is a leasehold or freehold and even whether it has parking or not.
However, there are 3 things to consider when picking the best time of year to sell a property in Wimbledon Village.
1. Political calendar
Confidence is the lifeblood of the property market and political events can cause short-term uncertainty among buyers.
Just as the property market bounced back to full health when it was announced the Conservative Party had gained an overall majority after the 2015 general election, transactions could return to their seasonal norm following the EU referendum on 23 June.
Other events affecting the UK’s political and economic health can stimulate the property market.
There was a spike in completed transactions in the run up to 1 April this year when stamp duty charges increased for buy-to-let investors and any fall in the value of the pound makes luxury homes in the SW19 postcode area cheaper – and more attractive – for international buyers.
2. Seasons to be cheerful
Spring is traditionally viewed as the best time to sell a property in Wimbledon Village because the weather typically brightens up between February and June, gardens come into bloom and buyers are more active.
But while buyers with children are often keen to complete transactions before the start of the educational year in September and the market typically goes into hibernation during the final two or three weeks of the year, this should not influence when to list your property with Robert Holmes & Co. We sell houses in the winter, spring, summer and autumn.
3. Local factors
The Wimbledon Championships have been attracting tens of thousands of tennis enthusiasts to the All England Club since 1877. For two weeks every year in late June and early July, the Village has many more people enjoying its attractions than at any other time of the year.
While listing a property with Robert Holmes & Co during times of the year when a larger number of potential buyers are in the area can help increase the number of viewings, long-term construction work taking place nearby can turn potential buyers off – particularly if it has an impact on road traffic or transport routes.
Crossrail 2 has published proposals revealing the timescale of the planned major work in Wimbledon town centre, which includes the demolition of Centre Court Shopping Centre.
The major engineering project that will create a high-speed rail line linking Surrey with Hertfordshire is not due to open until at least 2030.
Up to 11 years of construction work in Wimbledon town centre is sure to create significant traffic disruption and have a negative impact on business already established there.
On the other hand, the potential benefits are huge. They include more commercial investment in SW19 as journey times to both central London and Surrey are slashed plus a possible rise in residential property prices of 40%.
As there are so many factors to consider, there is no single best time of the year to sell a property in Wimbledon Village because of the large number of factors to consider.
Since the advent of online marketing and a more globalised economy, traditional times to buy property are no longer clearly defined.
Buyers are looking for property in Wimbledon Village 365 days a year – in 2014, one property portal reported that it had over 1 million visitors on Christmas Day.
If you are considering selling your property in Wimbledon Village or the surrounding areas of Coombe Hill, Kingston Hill, Putney and Southfields, contact Robert Holmes & Co today for an up to date assessment of its market value. You could be surprised how much it is worth.