Situated just beyond a curve of the Thames, Fulham is frequently depicted as a sort of halfway house — better value than next-door Kensington or Notting Hill but more expedient than Putney and Barnes and other localities on the south of the river.
Fulham is largely a residential area of Victorian and Edwardian properties that is dominated by high-income bracket young professionals as renters and buyers. It is well-connected, having three tube stations on the District Line. To give you a perspective, you can arrive at Piccadilly Circus within 16 minutes from here. Faith Cook of Agent Winkworth says, “People tend to stay in Fulham if they can.” Connect with us and our expert estate agents in Fulham will guide you through the best properties available
Fulham’s property market has been inundated with a large influx of first-time buyers. The property market here saw a boost ever since the pandemic, as home buyers hunted for spacious and large houses with outside space.
Average property prices in Fulham
Fulham is not an economical locale. Property prices in Fulham are nearly double the London average. A property in Fulham was estimated to be worth around 1,413,000 as compared to the average property price in London which was estimated at around 742,000 pounds in December 2022.
Zoopla mentions average property prices at Fulham are approximately 1.2 million pounds. This statistic includes an array of properties ranging from single-bedroom apartments to big-family houses. Although, it is imperative to understand that this is just an average, and prices may vary substantially depending on a particular area, size, and condition of the property.
For instance, properties located in the renowned Parsons Green area of the Fulham district can commission much higher rates than any of the neighbourhoods of the area. The prices of large properties with detached spaces and multiple bedrooms fetch more hefty prices than the smaller ones.
Best Deals on Property in Fulham
Fulham has top private schools and ample meadowland. Bishops Park is a favourite family spot offering tennis courts, an artificial beach & a sculpture garden among its resources. Waterfront Furnivall Gardens is a recreational area famous for picnics and sunbathing near Fulham in Hammersmiths during the summer.
Despite the high average house rates in Fulham, there are several ways to secure the best deals on property in this neighbourhood.
Be flexible
When hunting for a property in Fulham, it’s imperative to be flexible with your prerequisites. For instance, if you want a house as a big family home with an addition of a garden, you might need to look at properties that require some revamp in the building structure or properties that are located a bit further from the facilities of Fulham.
Negotiate
There is always an opportunity for negotiations in a property deal. If you have found a perfect property you can strike a bargain starting from negotiating the asking price, seeking for fixtures and fittings to be included in the sale, or arranging for a longer completion date.
Properties on the Market Shelf
If a property has been on the market for a considerable period, the seller may readily agree to bargain on the price. Explore properties that have been on the market for a while and strike up a deal that is lower than the asking price.
Properties requiring renovation
If you are ready to put in the work, a property that needs renovation can be a good arrangement to get the best deal in Fulham. Such properties are priced lower than similar properties in superior conditions and invariably bring extra value to the property by making improvements. Although, you should calculate the cost of any remodelling work when deciding whether a property is a good bargain or not.
Summary
Fulham is encapsulated between the high-class upscale location of Kensington and Chelsea. It mirrors the gorgeous townhouses, homes, and shopping outlets of its neighbours but still retains the affordability and edginess of a well-connected community.
Also Read Interesting Articles At: Tech New Master.
