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Low turnover in the local home market in January

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putney property prices14 properties changed hands in Putney in January at an average price of £426,500.

For the fourth quarter as a whole prices are down by over 14% over the year and the number of transactions have fallen by around two-thirds. The average house in Putney now costs £386,413.

No detached or semi-detached homes were sold during the period.

This contrasts sharply with the previous quarter which saw prices hit a record high - despite the credit crunch and the generally gloomy economic situation. Prices have fallen by nearly 25% compared with the previous period although the level of the fall may have been influenced by the mix of properties sold with a higher proportion of flats changing hands.

The data for January for the country as a whole shows an
annual house price change of -15.1 per cent. This marks the seventeenth month in a row where the annual rate of change has fallen. This contrasts with the 21 months of uninterrupted increases in the annual rate of change between December 2005 and August 2007. Prices in London were down by 14.1% over the year.

The average property in England and Wales is currently worth £156,753 and the rate of monthly price change stands at -0.8 per cent. Sales volumes nationally have continued to decrease, with the number of sales averaging 41,014 per month in the months August to November 2008. In the same period in 2007, the average was 106,495

The numbers are subject to revision as usually some properties are added late to the Land Registry's database.

Properties Sold in SW15 - January 2009

Address
Price (£)
Deed Date
142, Stroud Crescent, SW15 3EH
205,000
30/01/2009
Flat 8, Croft House, West Hill, SW15 3SJ
205,000
30/01/2009
450, Upper Richmond Road, SW15 5RQ
250,000
23/01/2009
Flat 12a, 390 Wellwood Court, Upper Richmond Road, SW15 6JH
250,000
23/01/2009
10, Norroy Road, SW15 1PF
385,000
23/01/2009
41, Fawe Park Road, SW15 2EE
639,000
23/01/2009
4, Modder Place, SW15 1PA
535,000
16/01/2009
14, Burstock Road, SW15 2PW
1,150,000
16/01/2009
Flat 140, Kenilworth Court, Lower Richmond Road, SW15 1HB
410,000
15/01/2009
First And Second Floor Flat, 173, Lower Richmond Road, SW15 1HH
120,000
15/01/2009
Flat 5, Somerville House, Manor Fields, SW15 3LX
410,000
14/01/2009
Flat 45, 1 Castle Court, Brewhouse Lane, SW15 2JJ
297,000
14/01/2009
Flat 2, 4, Oakhill Road, SW15 2QU
320,000
14/01/2009
Flat 4, 4, Oakhill Road, SW15 2QU
335,000
12/01/2009
59, Mexfield Road, SW15 2RG
770,000
09/01/2009
Flat 9, 205 Ramsey Court, Cortis Road, SW15 3AX
125,000
09/01/2009
Flat 13, 7 Craigleith, Kersfield Road, SW15 3HN
270,000
07/01/2009

 

Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by PutneySW15.com. Any use of these numbers should jointly attribute the Land Registry and PutneySW15.com.

February 26, 2009

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