Strong start to the year for SW15 home values
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After an apparent steep fall in prices at the end of 2010, local home values seem to have recovered well so far this year.
The average sale price reported to the Land Registry so far in 2011 is £572,640. If prices are sustained at this level then there is strong evidence that they are approaching new all-time highs.
There have been 7 properties sold for over a million pound so far in 2011 including one in Dryburgh Road that went for £3,020,000.
Local estate agent Seymour Green said, “It seems that in the forthcoming year of mixed national recovery, the popularity and opportunity afforded in Wandsworth sets the borough up for a speedy recovery. Combined with recently completed builds like St. George’s Wharf, and proposed future builds such as the Battersea Power Station development, the housing market in Wandsworth is set for a rapid post-recession growth, perhaps to exceed pre-recession levels.”
According to the Land Registry London property prices are up by 3.2% in February compared to last year. Prices were down marginally on the previous month. This is still highest level in the country with the North East seeing prices fall by 7.1% in the same period. Nationally prices fell by 1.7% in February 2011 compared with February 2010.
This brings the average property price to £341,048, in comparison to the figure for England and Wales, which is £162,215.
Longer term London has also significantly outperformed the rest of the country according to the Nationwide House Price Index, with prices up 17% over the last five years. This compares to a modest 1.3% increase across the UK as a whole. Over the same period, the North was the worst performing region, with prices down 7.8%.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said, “Demand for homes has levelled out, supported by historically low interest rates and some stabilisation in the labour market. The continued uncertain outlook for the economy is likely to keep many potential buyers on the sidelines for some time yet. “Nevertheless, there are few signs of a glut of unsold homes building up on the market. Sellers remain reluctant to accept lower prices to secure a sale. In fact there are tentative signs that the volume of homes coming onto the market is slowing.”
The latest reported sales are given in the table below.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
Properties Sold in SW15 - January 2011
| Address | Price (£) | Deed Date |
| Richmond House, 2, Upper Richmond Road, SW15 6SN | 550,000 |
31/01/2011 |
| 165, Tildesley Road, SW15 3AU | 197,000 |
31/01/2011 |
| 239, Kingston Vale, SW15 3PT | 595,000 |
31/01/2011 |
| Highlands Heath, Flat 46, Portsmouth Road, SW15 3TX | 322,500 |
31/01/2011 |
| George Court, 10, Norstead Place, SW15 3SA | 240,000 |
31/01/2011 |
| 151, First Floor Flat, Putney Bridge Road, SW15 2NZ | 515,000 |
28/01/2011 |
| Percy Laurie House, 217, Flat 31, Upper Richmond Road, SW15 6SY | 490,000 |
28/01/2011 |
| 6, Stanbridge Road, SW15 1DX | 830,000 |
28/01/2011 |
| 49a, Lower Richmond Road, SW15 1ET | 475,000 |
28/01/2011 |
| 123, Ullswater Crescent, SW15 3RE | 579,000 |
28/01/2011 |
| 14, Tintern Close, SW15 2HF | 615,000 |
28/01/2011 |
| George Court, 9, Norstead Place, SW15 3SA | 250,000 |
28/01/2011 |
| 5, Glendarvon Street, SW15 1JS | 800,000 |
27/01/2011 |
| 56, Wadham Road, SW15 2LR | 500,000 |
27/01/2011 |
| West Point, Flat 4, Putney Hill, SW15 6RU | 520,000 |
26/01/2011 |
| 11d, Carmalt Gardens, SW15 6NE | 460,000 |
26/01/2011 |
| 2, Beech Close, SW15 4HW | 685,000 |
26/01/2011 |
| 65, Medfield Street, SW15 4JY | 705,000 |
26/01/2011 |
| 73, Flat 18, Upper Richmond Road, SW15 2SR | 323,000 |
24/01/2011 |
| 10, Flat A, Chartfield Avenue, SW15 6HF | 557,000 |
21/01/2011 |
| Atlantic House 51-57, Flat 5, Upper Richmond Road, SW15 2RD | 300,000 |
21/01/2011 |
| 133, Hayward Gardens, SW15 3BY | 185,000 |
21/01/2011 |
| 28, Carslake Road, SW15 3DP | 212,500 |
21/01/2011 |
| 20, Erpingham Road, SW15 1BG | 810,000 |
21/01/2011 |
| Classinghall House, 17, Flat 10, Kersfield Road, SW15 3HB | 250,000 |
21/01/2011 |
| 86, Huntingfield Road, SW15 5EU | 385,000 |
21/01/2011 |
| 25, Balmuir Gardens, SW15 6NG | 1,100,000 |
20/01/2011 |
| 70, Clarendon Drive, SW15 1AH | 1,325,000 |
20/01/2011 |
| 32, Ullswater Crescent, SW15 3RQ | 975,000 |
20/01/2011 |
| 3, Burleigh Place, SW15 6ES | 743,000 |
19/01/2011 |
| 7, Coalecroft Road, SW15 6LW | 1,600,000 |
19/01/2011 |
| Grosvenor Court, Flat 11, Rayners Road, SW15 2AX | 324,000 |
19/01/2011 |
| 32, Montserrat Road, SW15 2LA | 1,575,000 |
19/01/2011 |
| 429c, Upper Richmond Road, SW15 5QY | 400,000 |
19/01/2011 |
| 42, Lytton Grove, SW15 2HE | 2,700,000 |
18/01/2011 |
| Espirit House, 18, Keswick Road, SW15 2JL | 450,000 |
18/01/2011 |
| Salisbury Court, 178, Flat 1, Upper Richmond Road, SW15 2SH | 230,000 |
18/01/2011 |
| 2, Burleigh Place, SW15 6ES | 680,000 |
17/01/2011 |
| Belvedere Court, 372 - 374, Flat 54, Upper Richmond Road, SW15 6HZ | 325,000 |
17/01/2011 |
| 28, First And Second Floor Maisonette At, Werter Road, SW15 2LJ | 519,000 |
17/01/2011 |
| 23, Dryburgh Road, SW15 1BN | 3,020,000 |
14/01/2011 |
| Belvedere Court, 372 - 374, Flat 81, Upper Richmond Road, SW15 6HZ | 250,000 |
14/01/2011 |
| Ormonde Court, Flat 65, Upper Richmond Road, SW15 6TP | 220,000 |
14/01/2011 |
| 39, Flat 16, Putney Hill, SW15 6BJ | 249,000 |
14/01/2011 |
| 27, Fanthorpe Street, SW15 1DZ | 1,200,000 |
14/01/2011 |
| 182, Dover House Road, SW15 5AR | 357,000 |
14/01/2011 |
| 11, Hutton Mews, SW15 5HZ | 630,000 |
12/01/2011 |
| 15, Rotherwood Road, SW15 1LA | 850,000 |
12/01/2011 |
| 19, Bendemeer Road, SW15 1JX | 788,000 |
12/01/2011 |
| 11, Isis Close, SW15 6JY | 170,000 |
11/01/2011 |
| Fir Lodge, 3, Flat 18, Gipsy Lane, SW15 5SA | 385,000 |
11/01/2011 |
| 191, Dover House Road, SW15 5AE | 447,500 |
11/01/2011 |
| 16, Tildesley Road, SW15 3AS | 180,000 |
10/01/2011 |
| 47, Clockhouse Place, SW15 2EL | 335,000 |
10/01/2011 |
| 9, Littlecombe Close, SW15 3HR | 225,000 |
07/01/2011 |
| Hindhead Point, Flat 42, Wanborough Drive, SW15 4AW | 159,000 |
07/01/2011 |
| 73b, Oakhill Road, SW15 2QJ | 420,000 |
07/01/2011 |
| 7, Seaton Close, SW15 3TJ | 810,000 |
07/01/2011 |
| 17, Sunnymead Road, SW15 5HY | 330,000 |
07/01/2011 |
| 31, Pleasance Road, SW15 5HR | 346,200 |
07/01/2011 |
| 29, Innes Gardens, SW15 3AB | 205,000 |
06/01/2011 |
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.
June 15, 2011
