Finefair Ltd is working hard to support clients in these tricky times. We want them to know they can rely on us to manage their properties effectively and arrange services like guaranteed rent. In fact, we remain one of the most reliable names for property management Merton has.
A number of areas in London have become more popular than ever because of a change in buyer needs due to coronavirus. More buyers want larger homes with gardens and space inside for remote working. As a result, locations with an abundance of these properties and lots of green open space in the area are in high demand.
Wimbledon
This part of Merton has always been popular with families who want to move out of Central London. However there has been a huge jump in demand in the last year, even with the closure of the market and subsequent limitations. These obstacles don’t seem to have stopped people though.
In a financial sense, the new demand is pushing the average house price in the area up. According to data from Land Registry, the average hit a record high of £856,300 in the final quarter of 2020. This figure is an impressive 10.3% above the price from 2019.
Some people may look at the price of some homes in the area and say just a few sales could be responsible for the increase. While this is true and there are plenty of properties over the £1million price tag, it is not accurate. In fact, the number of sales was up an incredible 38% in 2020. Far more properties are changing hands.
Why is Wimbledon so popular?
As we said above, a number of families choose this part of Merton for the large homes with gardens and open space. However, there are also a number of really great schools in the area. There are some top private schools as well as some outstanding State options.
Most people know Wimbledon because of the annual tennis tournament. This can be a tricky time of the year for some locals as it typically brings a huge number of visitors to the area. However, it is not all bad. Many people love seeing the area come to life during these weeks. There is also the opportunity to let properties to visitors and players. This could be a very lucrative option for some owners.
A lot of people also love Wimbledon for the easy commute. The local station has regular trams and trains. In addition, Wimbledon Park is on the District Line and South Wimbledon is on the Northern Line. This means that locals have lots of options for travelling into Central London and beyond.
A bright future
Late in 2020 Merton Council also set out their plans to improve the area over the next 20 years. The master plan will help to reinvigorate the area. It will include a development of the station and the arrival of Crossrail 2. This will provide even more options for commuting.
One of the most impressive parts of the master plan is the ideas for commercial space. The council is looking at how they can create spaces that will suit the needs of businesses and workers in the future. There will be more focus on creating adaptable spaces that will suit co-working, retail, and leisure needs.
The master plan also calls for improvements to the public realm. For example they want to improve pedestrianisation, making it safer for people on foot in the area. There is a call for more greening too. This could see more trees, flowers, and plants in the area.
Talk to us about property management in Merton
Finefair Ltd understands that everyone has different needs when it comes to finding the right properties to buy. We would love to help them to explore the options. This could include popular areas like Wimbledon or lesser known nearby locations where their money could go further. Then we can offer useful services like managing assets for them and guaranteed rent.
We are one of the best choices for property management Merton can offer because we have the skills to look after so many different properties. This includes large family homes, smaller terraces, quaint cottages, blocks of flats, and apartments. We even take care of estates.
So, if you want to work with us, please get in touch.
