what’s your property WORTH?

With interest rates due to rise, when is best time to sell? by Owen Rice

have you ever wondered what your property is actually worth? Local property specialists KALMARs have given us some insight into current trends and provided us with price guides for home-owners in south London, based on property type and number of bedrooms.

“Owners of prime flats with one, two or three bedrooms can expect to sell their property for up to £550k, £750k and over £850k respectively,” explained Sebastian Kalmar at their office in Shad Thames.

Painters Mews Kalmars London Bermondsey What is Property Worth

3 Painters Mews, one of the beautiful properties sold by KALMARs

“The demand for sellers is very strong at the moment,” he continued. “House prices have reflected this in their growth in the first and second quarters of 2015 and we expect demand in the next quarter of 2015 to be just as strong, if not stronger. So, if you are thinking of marketing your property, there’s no better time, especially in regenerated areas like New Bermondsey, Surrey Quays and Elephant & Castle.”

“The shortage of supply is also increasing the demand for rented property, which in turn is increasing rental prices. One bedroom prime flats start at around £400 per week, whereas two and three bedroom properties are now looking for £500 and £750 respectively.”

The decision to sell your property may come down to the potential value of the property and that is where specialists like KALMARs can lend their expertise. Having recently sold properties such as the Balfour Lofts, the Valentine Apartments and Painters Mews, they also have extensive knowledge of upcoming projects in SE1 and SE16. These include New Bermondsey’s Biscuit Factory, the Lendlease regeneration project of Elephant & Castle and the redevelopment of Surrey Quays and its shopping centre.

With prices as strong as they currently are, the big decision for home-owners now is whether to sell soon or wait, but having an accurate valuation may make the decision a lot easier.

KALMARs
Jamaica Wharf
2 Shad Thames
SE1 2YU
t: 020 7403 0600
w: www.kalmars.com
e: info@kalmars.com

Painters Mews Kalmars London Bermondsey What is Property Worth Estate Agent Team

The KALMARs Team

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