It is common for many people to start a new year with a sense of purpose and optimism. While most of us will be delighted to see the back of 2020, 2021 could be another challenging time of year.
Therefore, if you plan to make changes this year, it is important you take stock of your circumstances.
The housing market ended 2020 in robust fashion, and some industry experts believe this will continue into the first few months of the new year. However, there are concerns as to what will happen in the housing market as we move forwards.
At Holmes Estate Agents, we want you to make an informed decision at all times. We know the local market well, and we are pleased to say we have helped many buyers and vendors in and around Streatham.
We are committed to staying in touch with the latest property market news, and we listen to what the leading property portals say about the local and national markets. If you are keen to make an informed decision regarding the housing market, please rely on us.
As of the end of December 2020, Rightmove said the following regarding the Streatham housing market.
“Properties in Streatham had an overall average price of £536,727 over the last year. The majority of sales in Streatham during the last year were flats, selling for an average price of £399,140. Terraced properties sold for an average of £626,255, with semi-detached properties fetching £875,231.
Overall, sold prices in Streatham over the last year were 4% up on the previous year and 5% up on the 2017 peak of £512,778.”
At the end of December 2020, Rightmove had a total of 1,264 properties listed for sale in Streatham.
Of the 1,264 listed properties in Streatham, 29 are listed as detached properties, while 109 are classed as semi-detached property.
Flats are the most common property for sale in Streatham
There is a modest increase when it comes to terraced properties, with 177 terraced properties listed for sale in and around Streatham according to Rightmove near the end of December.
Therefore, it shouldn’t be a surprise that the most popular form of property listed for sale in Streatham is flats. There are 919 flats listed for sale in the local area. There were three bungalows listed for sale in Streatham at this point.
Garden space and parking spots are in high demand
The most popular search term used by property buyers in 2020, according to Zoopla, was gardens. Parking was also another common search term, with garage space rounding out the top three terms.
If you are looking for these features in a property, you will be pleased to know they are available in abundance in and around Streatham.
Of the 1,264 listed properties in Streatham, 735 have been listed has having a garden.
If you are looking for property with a dedicated parking space, there are 411 listings with parking for property in Streatham.
A total of 256 properties for sale in Streatham are listed as offering a garden and parking space.
We have considerable experience and expertise in the South West of London. We are ideally placed to help vendors, tenants and landlords during this challenging time. If you have any questions regarding the South West London property market, please get in touch with Holmes Estate Agents today.