Property management in Merton, London

2 bed rent

£2,695 a month

3 bed rent

£3,370 a month

Typical sale price

£641,450

Gross yield

4.3%

Read around SW19. Rents are advertised rents; the sale price is the average of completed sales in the last twelve months.

Merton is an outer south-west London borough, known for Wimbledon, and rents vary considerably within it, with Wimbledon itself commanding more than Mitcham or Morden further south. The borough also includes Colliers Wood and Raynes Park, both of which sit between these two extremes in terms of rent levels.

Wimbledon has a good deal of Victorian and Edwardian housing along with some substantial detached and semi-detached houses near the common, while Mitcham and Morden have more post-war semis and terraces, giving the borough a genuine mix of housing types. Raynes Park and Colliers Wood add further variety, with a combination of interwar housing and some more recent flat developments.

Wimbledon station offers National Rail, District line and tram connections, while Morden sits at the southern end of the Northern line, and the A3 and A24 provide road links towards central London and the M25, so tenants range from professionals and families in Wimbledon to a broader mix of families and commuters in Mitcham and Morden.

For a landlord, this range means Merton offers options at different price points within a single borough, and the annual Wimbledon tennis championships can also bring short-term letting interest to properties near the grounds, which is a feature of the local market that is fairly unusual in London. South Wimbledon and the area around the All England Club also see seasonal demand each summer, which is a distinctive feature of the local rental market not found in most other parts of London. For a landlord, understanding this specific mix of professionals, families and commuters matters when setting a fair rent and preparing a property, since it shapes both how quickly a home is likely to let and the kind of presentation these tenants expect.

• Rent collected and paid to you within 3 working days of your tenant paying
• Your rent held in a ring-fenced client account, separate from Caso's own money, until it is paid to you
• Tenant calls and messages answered 24 hours a day, every day
• Repairs assessed, priced and arranged for you, charged at the contractor's invoice with no markup
• A monthly statement for each property, with every invoice attached, in your portal
• Late rent chased from the first day it is overdue, with a dated record
• Tenancy agreement drawn up and signed online
• Renewals, changes of tenant and legal notices prepared and served
• Rent reviewed every year and the Section 13 rent increase notice served for you
• Deposit protected with the Tenancy Deposit Scheme within 30 days, and the deposit paperwork the law requires served on your tenant
• Deposit deductions agreed and the deposit returned at the end of the tenancy
• Gas safety, electrical safety and energy certificates renewed before they expire, at cost
• Smoke and carbon monoxide alarms checked and recorded
• Council landlord licence applied for where your area needs one, and its renewal date tracked
• Optional: rent guarantee at cost, with no markup. You are paid even when the tenant does not pay.

Selective or HMO licence (council licence). The London Borough of Merton has no selective licensing scheme currently. A shared home let to five or more people from more than one household still needs a mandatory HMO licence.