Valuation and Selling a Property in Bloomsbury

Selling a property in Bloomsbury shouldn’t be a difficult process since this is one of the top locations in central London for both residential and investment buyers. Bloomsbury is an area that has long been a favourite haunt of intellectuals and students, making it popular with landlords who want to rent to both students and professionals, with apartments and HMOs selling quickly here. Bloomsbury has been the home of many a scientist, politician, and writer, and is famous as the home of the world-renowned British Museum, along with several academic institutions including the London School of Hygiene and Tropical Medicine, the University of London Library, Birkbeck College, and RADA Drama School.

Table of Contents

Finding a Bloomsbury Estate Agent:

The first step towards selling your property in Bloomsbury is to find the right estate agent. Bloomsbury estate agents can help with a range of necessary processes that you will need to go through before selling your property, including having it valued, making sure that it is in a safe condition, and advertising the property to the relevant buyer market. Whether you are going to sell your property as a residential home or an investment opportunity may impact your choice of estate agent, as some are more experienced with dealing with a certain type of sale.

How Bloomsbury Property Agents Can Help – What to Look for In a Bloomsbury Property Agent:

When looking for a Bloomsbury estate agent, there are certain things to look out for to help you make sure that you are working with the right professionals for the job. Ideally, you will want to work with an estate agent that knows the area well since this will be helpful when they are later advertising your property and conducting viewings with potential buyers who are interested in moving to Bloomsbury. Experience is another essential factor to consider; most sellers are likely to want to work with an estate agent that has a lot of experience selling homes in the area since this will make it easier to get a fast valuation and make the process of selling the property run smoother. It’s also worth considering fees; how much you pay will depend on the estate agent that you choose. Most will take a commission based on the final selling price of the property.

Selling in Bloomsbury: Advertise House for Sale

Advertising your Bloomsbury property for sale is the next step in putting it on the market and attracting potential buyers. The right estate agent will ensure that your property is advertised in as many relevant places as possible. Along with placing a for sale sign at the front of the property, your house or flat will also be listed for sale with professional photos and a floor plan on various property selling sites, the estate agent’s website, property search apps, and social media.

Property in Bloomsbury: Advertise Property for Fast Sale

To get a fast sale, it is important to draw buyers in quickly and generate a lot of interest in your property. You can do this by not only pricing the property competitively but making it easy for buyers to imagine what they would do as the new owner. If you want to sell your property quickly, advertising it in as many places as possible is key. Tell your estate agent that you are hoping for a fast sale, as they may offer additional services to help you achieve this.

How Owners in Bloomsbury Sell Property Quickly:

Since Bloomsbury is a popular area of London with both residential and investment buyers, the good news is that most sellers aren’t waiting around for very long after putting their house on the market. However, there are several things that you can do to improve the chance of your Bloomsbury property selling quickly. These include:

Good Repair: Some buyers are only interested in purchasing homes that are ready to move into and live in. By making sure that the property is in good repair and that it does not need a huge amount of work on the buyer’s part, you’re more likely to attract buyers who are looking to get in fast.
Sell to Tenants: If you currently have tenants situated in the property, it might be worth offering them the option to purchase the property at a reduced price taking into account the rent that they have paid over the months or years. Many tenants are renting while saving up to buy a property and if they are in the right financial position, may be happy to purchase the property that they are currently living in for a more convenient option with no move required. Another option would be to sell the property with the tenants in situ to an investment buyer. Many landlords would be eager to buy quickly to get the rental income and the benefits of a property that does not need them to fill it.

Ask Bloomsbury Estate Agents for Descriptive Advertisements:

When trying to sell your Bloomsbury property, the more descriptive the advertisements you post, the better. Potential buyers will often want to know as much as they can about a property before they go to view it, so by including as much as you can in the ad, you can weed out any buyers who aren’t that interested and directly target ones that are looking for something specific your property has to offer. Along with providing a large number of high-quality photographs that show off the property at every angle, you may also want to consider having a professional video of the property made, which makes it easier for potential buyers to look around before they decide whether or not to view it in person.

Bloomsbury: Sell House With These Tips

To sell a house in Bloomsbury, it can sometimes take more than simply finding an estate agent and putting the property on the market. Bloomsbury is a popular area of London and as a result, there is often a lot of competition when it comes to the property market. It is important to make your house for sale stand out with the following:

Curb Appeal: Many people who want to buy a residential home in Bloomsbury do so because they like the charm of the area even though it is so close to the city centre. Improving the curb appeal of your property with a well-groomed front garden, a clean home exterior, fresh coat of paint on the door, and some vibrant plants might not seem like a huge undertaking, but it can make all the difference when it comes to the first impression you make on your potential buyers.
Neutral Décor: Taking some time to prepare your property for viewings will always pay off. Whether you have been living in the property yourself or have been renting it out to tenants, it’s a good idea to get rid of any personal stamps and create a blank canvas that makes it easy for potential buyers to imagine what they would do with the property.
Expert Valuation: Finally, it can be worth paying more to get an expert valuation of the property carried out by a chartered surveyor rather than relying on the estate agent. This is because incorrect valuations or the bank later undervaluing the property when the buyer has applied for a mortgage can hold up the sale. An expert valuation will help with pricing your property and avoiding these issues further down the line.

Bloomsbury: Sell Flat With These Tips

Selling a flat in Bloomsbury should not be a difficult process since this is a popular area with apartment dwellers. Flats in Bloomsbury are often snapped up quickly by professionals who work in the city of London including those who have a flat in the city centre that they live in throughout the week before returning home elsewhere in the country. In addition, there is no shortage of investment buyers who are always looking for new properties to buy in the popular Bloomsbury area. To sell your flat, consider the above tips for houses along with:

Add Mirrors: For smaller flats, experts recommend adding mirrors to the rooms as this can create the illusion of both additional light and space, especially when placed in smaller areas such as in hallways.
Clear the Floor: Ideally, you will be able to show the flat to viewers empty and without any furniture. But if this is not possible, consider removing any rugs and other items from the floor to once again create an illusion of more space. This enables the light to easily flow onto the floor and open up the room.

Selling a house or flat in Bloomsbury is often an easy process with the right estate agent since this is a popular area of London with both residential and investment buyers. If you are interested in getting started with selling your Bloomsbury property, we at Greater London Properties are here to help. Call us today to discuss your property sale or get in touch using the contact form on our website.

Property Valuation in Bloomsbury

a vary with demand, market conditions, and the economy, so it is important to get a currently accurate valuation.

Bloomsbury Property Information

Since your immediate concern is valuation, the one thing you will want to keep track of is Bloomsbury property information statistics that can change daily. If you do a London property search, the property information in terms of value is listed according to current asking prices. These reports are listed by:

Total properties for sale
Those listed within the past two weeks
Average asking prices
Median prices
Average time they were on the market at their asking prices
Median time of properties that remain unsold

This is the type of property information that is necessary for home sellers and buyers alike. Bear in mind that this will give you a starting point for valuing a specific property that can be compared with like houses having been listed.

Property Prices in Bloomsbury by Type

This is another prime consideration when searching for properties. The type of property will also have a significant impact on price. You can search for house types such as:

Detached
Flat
Semi-detached
Terraced

Then look for the number of bedrooms and the average times on the market. There is really much to consider when searching by type, but it is a good starting point because there is a great difference between a flat and a detached home.

Properties to Buy in Bloomsbury

When looking for properties to buy in Bloomsbury, you might want to consider the exact neighbourhoods in your search. These would include:

Regent’s Park
Soho
Euston
Fitzrovia
Mayfair
King’s Cross
Marylebone
Covent Garden
West End
Holborn

As the real estate mantra goes, it’s always all about location, location, location, so bear that in mind. While you might have your sights set on buying a home in a specific neighbourhood, you might need to broaden your scope a bit based on currently listed properties to buy – or wait for one to become listed within your requirements.

What Does the Bloomsbury Property Market Look Like Today?

As mentioned above, the property market in Bloomsbury is highly sought after by historians, intellectuals and academics. Based on the fact that there is a greater global demand for properties than there are availabilities, we are currently in a strong seller’s market. While you might be able to find houses listed for £500,000, the range goes all the way up to £6.5 million. Again, there are many factors contributing to the valuation of properties in Bloomsbury, but the property market is strong and there is a great demand for those properties being listed.

Average Property Value Today

It can’t be emphasised often enough that the operative word when searching for average property prices is “today.” As in any other industry, prices will fluctuate due to market conditions along with supply and demand. The economy is also a major factor so one major jump, up or down, on the financial exchanges could set average property values spiralling downward or skyrocketing upward. The key to current average property value is to keep a watchful eye on current statistics.

Property Price Range

Property price range is usually an important factor when buying a home. Whilst it might be something for a seller to consider in terms of seeking a competitive asking price, it is vitally important for a home buyer. They typically have a high-end figure to work with, often in terms of what they qualify for in a mortgage loan. Here again, it is vital to check back daily for the current price ranges of homes for sale because the market can change at any moment. Consider for just a moment what the global covid pandemic did to demand and pricing and you will see just how quickly market conditions can change.

Average House Prices in Bloomsbury by Number of Bedrooms

Based on the most current house prices index, the average property valuation in Bloomsbury is averaged at just under £2.5 million. However, you can always compare average house prices per number of bedrooms. Currently, those prices average:

£1,487,000 – 1 bedroom
£2,679,042 – 2 bedrooms
£4,055,833 – 3 bedrooms
£1,983,333 – 4 bedrooms

Whilst there seems to be a bit of confusion as to why four bedrooms are averaging much less than three bedrooms, remember that type and demand are important factors as is the exact neighbourhood within Bloomsbury. Demand can also factor in heavily. Perhaps there is a greater demand for three-bedroom homes than for those with four bedrooms.

Price Ranges in Bloomsbury, By Number of Bedrooms

Price averages for properties in Bloomsbury by number of bedrooms were detailed above. Although it appears that there is a greater demand for three-bedroom homes than those with four bedrooms, market conditions can change at the drop of a hat. However, if you are looking for a range of prices per number of bedrooms, it looks like this:

1 bedroom – £500,000 to £2,938,000
2 bedrooms – £500,000 to £5,376,000
3 bedrooms – £600,000 to £6,500,000
4 bedrooms – £1,000,000 to £2,000,000

These are rough estimates from a line graph on the most recent asking and sales prices. Bear in mind that these are just average price ranges in Bloomsbury by number of bedrooms so other factors will have an impact as well. Therefore, you might also want to dig a little deeper to look at house prices by number of bedrooms in each of those Bloomsbury neighbourhoods such as King’s Cross, Marylebone, and so forth. It really is all about location and no matter how exclusive Bloomsbury is, each of those smaller locations are priced accordingly to their demand and desirability.

How Much Is Your Property Worth?

If you are looking to sell your property in Bloomsbury, it is imperative that you have a realistic assessment as to what your property is worth based on a chartered property valuation in Bloomsbury. In your eyes, it may be worth £10 million but in reality, it may be worth one-third or one-half that number. Then again, remember that market conditions and property values can change often, so there is nothing to say that you can’t alter your asking price based on current market conditions.

The one thing you can’t do, however, is change your asking price if you have a contract in the works. If a prospective buyer has signed an intent to buy at the price you listed, and you’ve agreed, you need to let that intent contract to play out. If it fails to reach fruition, then at that point you can alter your asking price legally.

Summary of Properties for Sale in Bloomsbury

So then, what did you glean from all the above? The first thing that is vitally important is the fact that Bloomsbury is home to a number of extremely important historical attractions such as the Charles Dickens Museum (and house). There are many other attractions for those who are academics and intellectuals, so properties for sale in Bloomsbury might be best marketed to those specific demographics.

Valuations will typically follow market conditions and demand, so properties for sale anywhere will reflect those factors. With that said, the one thing you will always want to do is get a property valuation in Bloomsbury based on the report of a chartered surveyor and as listed on property valuation sites. Along with the location and number of bedrooms to be taken into consideration, the age and condition of the house are equally important. For this reason, it pays to know where you are looking for the information you need to make a buying or selling decision in today’s real estate market.

Properties for Sale in Bloomsbury by Price

If you are looking for properties for sale by price, it is vital that you keep current on listed properties. Use the information available for those listings such as the number of bedrooms, current asking prices and price ranges per number of bedrooms as well as how long they have been on the market and remaining unsold. Age and the condition of the property can be a leading cause for unusually long periods of time on the market. Once again, bear in mind that a property valuation in Bloomsbury will change with market conditions, so it is imperative that you check often to see what they are valued at today based on recent asking prices and completed sales.