Putney Property Prices Hit Record Levels

SW15 homes have averaged over £600,000 for three months

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putney property pricesThe latest data for the SW15 area is suggesting continued strength in local property prices. During the month of June the Land Registry showed the average price to be £625,327 and property prices have continued to average over £600,000 for the month of July in transactions reported so far.

This is the third month in a row that prices have averaged over £600,000 suggesting that the local property market is currently at an all-time high.

The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7% which takes the average property value in England and Wales to £166,798. The monthly change from June to July is an increase of 0.4%.

The region with the highest annual price change is London with an increase of 12.1%

Local Agent Tim Warren of Warren told PutneySW15.com, " I am not surprised by the current data from the Land Registry, showing that London prices are now showing an annual price increase of 12.1% as since June 2009 the market has been recovering from the recession and the first six months of 2010 have been exceptionally busy.

He continued, "However, by Mid June it became evident that the slowdown was not simply due to the advent of Summer holidays but something more fundamental, a feeling that wider economic issues would begin to have more relevance and that the upswing which had caught everyone unawares was slowing down."

"Over the next twelve months I would expect to see a closer parallel between local sales statistics and the recorded National drop for August of 0.9% with Putney house prices falling between five and ten per cent by the Autumn of 2011 . Providing estate agents and vendors show flexibility in recognising and adjusting to any price movements then I anticipate that there will  continue to be a steady exchange of properties with no reason to be alarmed at any slight downward movement."

"I began my career in Putney estate agency in 1972 and have always appreciated the fact that Putney is a relatively small, well defined town with a limited stock of housing . Many of those who settle here choose to do so for the long term due to it’s excellent communication links and wide variety of accessible schools and having established themselves and their families the propensity is to stay within the area, this in itself contributes to a shortage of available accommodation and helps maintain prices ahead of the National average.Personally speaking, the Autumn market has begun  encouragingly with a good and varied selection of properties for sale and some early interest from purchasers, so far so good!"

Properties Sold in SW15 - June2010

Address Price (£) Deed Date
54, Erpingham Road, SW15 1BG
1,390,000
01/06/2010
42, Oakhill Road, SW15 2QR
485,000
01/06/2010
12, Werter Road, SW15 2LJ
1,750,000
01/06/2010
40, Ashlone Road, SW15 1LR
706,000
02/06/2010
Wildcroft Manor, Flat 7, Wildcroft Road, SW15 3TS
595,000
02/06/2010
49, First Floor Flat, Montserrat Road, SW15 2LE
499,950
03/06/2010
25, Fawe Park Road, SW15 2EB
830,000
03/06/2010
46, Sunnymead Road, SW15 5HY
333,000
04/06/2010
41, Rotherwood Road, SW15 1LA
828,000
04/06/2010
Croft House, Flat 8, West Hill, SW15 3SJ
289,950
04/06/2010
11, Falmouth Walk, SW15 5DY
480,000
04/06/2010
Belvedere Court, 372 - 374, Flat 64, Upper Richmond Road, SW15 6HZ
315,000
04/06/2010
Seymour Court, 333, Flat 7, Upper Richmond Road, SW15 6UB
510,000
04/06/2010
40, Flat 2, Carlton Drive, SW15 2DG
660,000
04/06/2010
125, Flat 28, Upper Richmond Road, SW15 2TL
230,000
04/06/2010
47, Buttermere Drive, SW15 2HW
475,000
08/06/2010
450, Flat 6, Upper Richmond Road, SW15 5RQ
270,000
10/06/2010
24b, Pentlow Street, SW15 1LX
276,800
10/06/2010
9, Bader Way, SW15 5GD
340,000
11/06/2010
Ormonde Court, Flat 30, Upper Richmond Road, SW15 6TW
195,000
11/06/2010
Mayfield Mansions, 94, Flat 9, West Hill, SW15 2YB
415,000
11/06/2010
Belvedere Court, 372 - 374, Flat 16, Upper Richmond Road, SW15 6HY
280,000
14/06/2010
1c, Ravenna Road, SW15 6AW
497,000
15/06/2010
Huntingford House, Flat 19, Horne Way, SW15 1HZ
249,999
17/06/2010
Percy Laurie House, 217, Flat 37, Upper Richmond Road, SW15 6SY
350,000
18/06/2010
37a, Montserrat Road, SW15 2LD
640,000
18/06/2010
4, Gladwyn Road, SW15 1JY
789,950
18/06/2010
73, Flat 56, Upper Richmond Road, SW15 2SR
448,500
18/06/2010
Woodlands Gate, Flat 31, Woodlands Way, SW15 2SY
249,950
18/06/2010
Woodlands Gate, Flat 7, Woodlands Way, SW15 2SY
362,500
18/06/2010
Sarah House, 78, Flat 18, Arabella Drive, SW15 5LN
170,000
23/06/2010
129, Fawe Park Road, SW15 2EG
870,000
23/06/2010
The Heights, 237, 1, Upper Richmond Road, SW15 6SN
340,000
25/06/2010
1, Larpent Avenue, SW15 6UP
2,895,000
25/06/2010
341, Flat D, Upper Richmond Road, SW15 6XP
280,000
25/06/2010
5, Oxford Road, SW15 2LG
715,000
25/06/2010
Percy Laurie House, 217, Flat 22, Upper Richmond Road, SW15 6SY
490,000
28/06/2010
54, Flat 1, Keswick Road, SW15 2JE
775,000
28/06/2010
2, Bangalore Street, SW15 1QE
526,000
28/06/2010
25, Cortis Road, SW15 3AF
224,000
28/06/2010
101, Innes Gardens, SW15 3AE
165,000
28/06/2010
1a, Castello Avenue, SW15 6EA
3,600,000
29/06/2010
6, Egliston Road, SW15 1AL
1,400,000
29/06/2010
Ashdown, 7, Flat 10, Cambalt Road, SW15 6EL
309,950
30/06/2010
244, Dover House Road, SW15 5DA
975,000
30/06/2010
202, Huntingfield Road, SW15 5ES
280,000
30/06/2010
18, Lower Common South, SW15 1BP
1,800,000
30/06/2010
Castle Court, 1, Flat 14, Brewhouse Lane, SW15 2JJ
450,000
30/06/2010
5, Roskell Road, SW15 1DS
835,000
30/06/2010
14, Abbotstone Road, SW15 1QR
1,115,888
30/06/2010
20c, Putney High Street, SW15 1SL
286,000
30/06/2010

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.

October 18, 2010

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