SW15 Property Back at Peak Levels?

Latest numbers suggest market recovery has been strong

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putney property pricesNew figures are suggesting that property prices in the Putney area may have staged a complete recovery and could even be reaching new record levels.

The average sale price for August so far according to Land Registry figures was £677,075. This would be one of the highest monthly averages on record.

Although volumes are still too low to take monthly averages as a reliable guide to the level of the market, there are other indications of an almost complete recovery. The Right Move house price index which is based on offer prices rather than actual sale prices is suggesting a stronger recovery during Autumn. The index is up by 2.8% for October which and is now higher than the same month last year. By this index London property prices are at a record high and according to their survey only one in ten buyers are expecting prices to fall.

Martin Ellis, housing economist at the Halifax, said, "The combination of increased demand and a low level of properties available for sale has pushed up house prices in recent months. The marked improvement in affordability due to the reduction in both property prices and interest rates since mid- 2007 has been a key factor in stimulating higher demand."

Prices in London rose by 0.8% during August according to the Land Registry's House Price Index. The average price of a London home is £310,640 and this is down by 6.2% since last year.

For the England and Wales as a whole prices fell by 0.1% in August and are down 9.4% compared with the previous August.

Properties Sold in SW15 - August 2009

Address Price (£) Deed Date
Flat 102, March Court, Warwick Drive, SW15 6LD £160,000 28/08/2009
24, Ruvigny Gardens, SW15 1JR £745,000 28/08/2009
Flat 2, 96, Chelverton Road, SW15 1RL £377,710 28/08/2009
Flat 11, 31 Ashcombe Court, Carlton Drive, SW15 2BW £275,000 28/08/2009
46, Bendemeer Road, SW15 1JU £273,650 28/08/2009
24a, Quill Lane, SW15 1PD £330,000 28/08/2009
27, Felsham Road, SW15 1AY £390,000 28/08/2009
Flat 5, 18, Oakhill Road, SW15 2QU £365,000 28/08/2009
9, Woodlawn Close, SW15 2RE £542,000 28/08/2009
Flat 6, 75 Sispara Mansions, West Hill, SW15 2UL £530,000 28/08/2009
32, Friars Avenue, SW15 3DU £175,000 28/08/2009
Flat 57, 11 Kersfield House, Kersfield Road, SW15 3HJ £140,000 28/08/2009
Flat 7, 26, Holmbush Road, SW15 3LE £299,950 28/08/2009
14, Hazlewell Road, SW15 6LH £1,950,000 27/08/2009
3, Balmuir Gardens, SW15 6NG £1,057,000 27/08/2009
5, Balfour Place, SW15 6XR £499,950 27/08/2009
10, Fawe Park Road, SW15 2EA £850,000 27/08/2009
Ground Floor Flat At, 165, Lower Richmond Road, SW15 1HH £360,000 27/08/2009
69, Wadham Road, SW15 2LS £430,000 27/08/2009
20, Keswick Avenue, SW15 3QJ £330,000 27/08/2009
2, Ullswater Close, SW15 3RF £1,837,500 27/08/2009
Flat 107, Ormonde Court, Upper Richmond Road, SW15 6TR £230,000 26/08/2009
The Second Floor Flat At, 36, Clarendon Drive, SW15 1AE £350,000 26/08/2009
26, Bective Road, SW15 2QA £456,000 26/08/2009
Flat 64, Exeter House, Putney Heath, SW15 3SX £360,000 26/08/2009
2, Olivette Street, SW15 1NW £445,000 25/08/2009
Flat 9, Lockyer House, The Platt, SW15 1EE £218,000 25/08/2009
35, Sefton Street, SW15 1NA £450,000 24/08/2009
29a, Waterman Street, SW15 1DD £292,000 24/08/2009
12, Stratford Grove, SW15 1NU £875,000 21/08/2009
29, Gladwyn Road, SW15 1JY £674,500 21/08/2009
Flat 4, 98, Friars Avenue, SW15 3DU £140,000 21/08/2009
Flat 139, Highlands Heath, Portsmouth Road, SW15 3TZ £415,000 21/08/2009
Flat 13, 307, Upper Richmond Road, SW15 6SS £447,500 19/08/2009
3, 2 The Mews, Wadham Road, SW15 2LR £345,000 18/08/2009
22b, Putney High Street, SW15 1SL £215,000 17/08/2009
26, Ullswater Crescent, SW15 3RQ £745,000 17/08/2009
2, Weiss Road, SW15 1DH £615,500 14/08/2009
31, Weiss Road, SW15 1DH £626,000 14/08/2009
2, Bader Way, SW15 5GD £495,000 14/08/2009
17, Mascotte Road, SW15 1NN £500,000 14/08/2009
211, Frensham Drive, SW15 3ED £208,000 14/08/2009
Flat 5, Ruvigny Mansions, Embankment, SW15 1LE £750,000 13/08/2009
Flat 27, 317 Listergate, Upper Richmond Road, SW15 6ST £370,000 12/08/2009
4, Bader Way, SW15 5GD £500,000 12/08/2009
11, Mendez Way, SW15 5GA £440,000 12/08/2009
Flat 4, 7, Mercier Road, SW15 2AW £470,000 11/08/2009
8, Woodthorpe Road, SW15 6UQ £1,950,000 10/08/2009
2, Hotham Road, SW15 1QB £995,000 10/08/2009
4, Tideswell Road, SW15 6LJ £1,450,000 07/08/2009
20, Redgrave Road, SW15 1PX £365,000 07/08/2009
3, Gamlen Road, SW15 1AB £875,000 07/08/2009
31, Buttermere Drive, SW15 2HW £390,000 07/08/2009
2a, Modder Place, SW15 1PA £292,500 07/08/2009
140, Frensham Drive, SW15 3EG £180,000 07/08/2009
39, Redgrave Road, SW15 1PX £995,000 05/08/2009
6, Gamlen Road, SW15 1AB £800,000 03/08/2009

 

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.

January 12, 2010

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