The top 4 home moving tips before you contact Marylebone estate agents

1. Moving to Marylebone
The top 4 home moving tips before you contact Marylebone estate agents

2. Introduction
Many Marylebone estate agents are
experiencing the best property conditions for
over a decade. As a result, there is renewed
competition among home movers looking for
property for sale in NW1, as well as to rent.
Demand is strong among both tenants and
buyers, with a large audience in the UK and
from overseas.
Many properties are being snapped up before a
'for sale' or 'to let' sign has even been erected,
so home movers need to be in the strongest
position possible before they even register with
Marylebone estate agents. Here's some advice
for anyone with NW1 in their home moving
sights.

3. Identify your property budget
Property prices in Marylebone are on the increase so it is
prudent to research how much different properties sell for,
as this will help shape your budget and determine the type
of accommodation you start viewing.
According to property search portal Zoopla, prices in
Marylebone have risen 32% in the last five years - despite
the property market previously facing leaner times. Propped
up by wealthy UK buyers and an influx of spend-happy
international home movers, Marylebone house prices are
still climbing - up 6.8% in the last year, with the average
home adding almost £8,000 to its value in the last 12
weeks alone*.
Zoopla also states that the average rent in Marylebone is just over £4,000 per calendar month but a quick
search online reveals property to rent in Marylebone ranges from just over £3,000 per calendar month for
a two-bedroom flat, soaring to £86,667 per month for a six-bedroom John Nash-designed terraced house.
*Data from Zoopla, 13th March 20144

4. Budget ahead for other home moving costs
When buying a property, a home mover needs
to consider:
· Stamp duty
· Deposit
· Solicitor's fees
· Search fees
· Survey costs
· Mortgage arrangement fee
When renting a property, a tenant needs to
consider
· Tenancy administration costs
· Deposit (usually a percentage of the annual
rent)
All home movers should consider
· Changes to monthly payments - whether a
mortgage repayment or monthly rent charge
· Any increase to any utility and council tax bills
· Any increase to home and contents insurances
· Removal/packing fees
Deciding to buy your first home; entering the
rental market and even investing in property will
all be heavily influenced by your overall budget.
Both buying and renting carry financial
obligations that need to be met, and an increase
or decrease in outgoings can alter your course of
action.

5. Be prepared with your paperwork
Before you register with Marylebone estate
agents it's wise to have all your paperwork in
place. Landlords and vendors will take
organised movers more seriously than those
who are not in a position to proceed quickly.
Consideration needs to be given to the
following:
Tenants
· References from past landlords
· References from employers
· A guarantor, if needed
· Evidence of a deposit, in the form of a bank or
savings account statement
Buyers
· A mortgage offer in principle
· A guarantor, if needed
· Evidence of a deposit, in the form of a bank or
savings account statement
· The instruction of a solicitor
All home movers
· Photographic ID, such as a passport or a driving
licence
· Proof of current address
· Wage slips for the last three to six months
· Utility bills from the last three months, pertaining
to the address where the home mover presently
lives

6. Draw up a list of ‘must have’ and ‘would like’ features
Knowing the type of property for sale in
Marylebone you would consider, or the
ideal size flat to rent in NW1, helps narrow
down the search and save a flurry of
unsuitable properties being suggested.
A 'must have' list can include things like
number of bedrooms, proximity to a Tube
station and parking arrangements.
Features that are willing to be
compromised should be added to a 'would
quite like' list; these often include size of
garden, architectural style and bonus
rooms.
Marylebone estate agents will try and tick
as many boxes within a given budget,
while suggesting alternatives using a little
lateral thinking and the buyer's wish list.

7. Ready to move to Marylebone?
For more tips on buying or renting in Marylebone and finding a property to match your
requirements, don’t hesitate to contact or visit our Marylebone estate agents office.
Sandfords Marylebone
6 Paddington Street
Marylebone,
London W1U 5QG
T +44 (0)20 7224 4994
mvsales@sandfords.com
mvlettings@sandfords.com
www.sandfords.com