Population: 45,132 – Average Property Price: £522,382 – Average £ per sq. ft.: £567
Located in south-west London, Surbiton is a suburban neighbourhood that has continued to attract homebuyers looking to upscale from their current property. It’s a fantastic property development opportunity to capitalise on homeowners who want to live in larger family homes without leaving West London entirely.
Kate Matier, Savills Esher, believes that Surbiton is capturing the attention of prospective buyers who are looking to remain in West London, or who want to move closer to the capital in a beautiful area without paying premium prices that are common in Richmond and Wimbledon.
“South-west Londoners can swap their one or two bedroom flat and be able to trade up to a Victorian cottage in Surbiton for £500,000. If they’re after something bigger, a semi-detached thirties property in good condition could be picked up for £800,000 to £1.2 million depend on its size.”
With an average price per square foot at around £567, Surbiton is a unique opportunity for property developers who are looking to develop detached or semi-detached properties in West London without paying the premium costs usually tied in with the area.
Prospective homebuyers across West London who are looking to upsize want the most for their money, especially whilst Brexit hangs over the property market. Surbiton is a well-connected area that offers direct trains to Waterloo within 25 minutes.
Furthermore, Kingston upon Thames is just further up, offering an extensive range of shops, restaurants and bars too.
Most importantly, Surbiton is in close proximity to a wide-range of well-performing schools, as well as being next to Kingston University. For family homebuyers looking to settle down and tick all their house hunting boxes, this particular area truly has a range of benefits on offer that is rarely ignored by prospective buyers. Totteridge continues to attract property developers.
Surbiton is a more affordable and attractive location for prospective homebuyers simply because it’s greatly cheaper than nearby towns in Surrey, such as Esher and Claygate, whilst avoiding high prices found in Richmond and Wimbledon too.
For first-time property developers looking to begin an ambitious project, or experienced ones wanting to develop large homes, Surbiton is the perfect opportunity. Read more.
Hunter Finance offers fast and flexible finance to property developers all over Essex.
We lend to a wide range of people, including:
60% of the commercial value of the properties on completion plus 100% of the build costs. You can borrow between £100,000 and £2.5m.
If you would like to find out more about our property loans for your project, please call 01825 749721.