Property Auctions Wandsworth

Known as London's ninth biggest borough in terms of population, Wandsworth covers 13.25 square miles. Wandsworth is named after river Wandle, the Thames' largest London tributary that stretches from Battersea Park to Wimbledon Common, embracing Tooting Bec and Putney Heath within its borders.

In terms of geographical area, Wandsworth is the third biggest 'inner' London borough. It is also the home for more than hundred celebrated Wandsworth personalities. It is a popular residential area with many different types of housing – from the leafy suburbs of Putney to the inner city housing estates of north Battersea.

Average House Price in Wandsworth

According to the current property estimates, the average price for property in Wandsworth is at £754,977 as in November 2018. This is a fall of 0.57% in the last three months (since August 2018) and fall of 2.22% since 12 months ago.

In terms of property types, flats in Wandsworth sold for an average of £133,443 and terraced houses for £218,632.

Wandsworth, with an overall average price of £768,967, was similar in terms of sold prices to nearby Richmond Upon Thames (£779,905), but was more expensive than Merton (£643,178) and Kingston upon Thames (£560,343). The priciest area within Wandsworth was Nine Elms (£1,119,341) and the least expensive was Furzedown (£580,702).

The average sold price in Wandsworth Town has increased 0.86% over the last 5 years.

Top Wandsworth Attractions

Wandsworth is a Borough with many a gems of attractions. Coal Cranes at Battersea Power Station, Albert Bridge, Pagoda at Battersea Park and Battersea Arts Centre all stand like monuments along the river.

Wandsworth is also the site of the world's oldest public railway-The Surrey Iron Railway. As Thames-side borough, Wandsworth has plenty to offer to anyone who enjoys visiting and photographing historic bridges with no fewer than eight bridges crossing the river within its boundaries. Wandsworth is also home to London's only licensed heliport which is a less known fact to Londoners who tend to travel by tube and bus.

Wandsworth Prison is the largest prison in London, and after Liverpool prison is the second largest in the Europe. Another interesting fact about Wandsworth is it has one of the country's lowest rate of council tax. The Richmond Park, the second largest park in London, is in Wandsworth Borough.

Demand for Wandsworth Property

Wandsworth proves to be a popular area for investors with market trends on the rise in this South-West London location. Offering a multitude of benefits, from excellent travel connections to a selection of open spaces, Wandsworth has something for everyone. Not only has Wandsworth seen a rise in investment opportunities in recent years, the near future is also predicted to make investments worthwhile.

Whether it is to Buy-to-Let investors or home-owners looking to make a purchase, Wandsworth is able to offer excellent transport connections by rail and car; located in Zone 2 with access to Wandsworth Town station for South Western railway, while East Putney station has access to the District line. The A3 is accessible via car – just 10 minutes from Wandsworth – connecting to Portsmouth in the south. Local facilities and amenities also contribute to determining a property’s worth; Wandsworth is able to offer green spaces as well as schools highly-ranked by Ofsted, making this area family-friendly, appealing to all.

The variety of house types in the area keeps it a top choice for many looking to relocate, from traditional Victorian and Edwardian-style houses to the surge of flats and modern buildings emerging that give this area a diverse yet trendy vibe.

The estimated monthly cost of renting in Wandsworth is roughly between £1,355 and £3,305 pcm depending on a number of factors including property size and location.

 According to research conducted by Barclays, Wandsworth is set to become one of the top 15 property investment hotspots in the UK and one of the top 4 in London suggesting that this area in London will prove to be a worthwhile investment within the next four years.

What Happens When You Agree on a Price?

Once you have found the property of your dreams, the next step is to make an offer. When you make an offer on a property, it can often be weeks or even months before you can agree on a price, cut through the red tape, make all of the arrangement and get round to signing the relevant paperwork before even coming close to being handed the keys. With LetsBid, all of the hassle is taken care of in our registration process, meaning that all that you have to do is make an offer on a property.

As soon as a price is agreed, the listing is taken down for 28 days while the buyer raises the funds to complete the purchase. As simple as that, the keys to the property are yours.