Lack of large house sales brings down price average
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The average price for a property sold in the SW15 area in February fell back below the £500,000 mark. This suggest that home values in the area remain below the peak seen in the third quarter of 2011.
At £427,401 the average is well below that seen in January but this is probably mainly due to the relatively small number of million pound plus properties sold during the month - two versus five in January.
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 - February 2011
| Address | Price (£) | Deed Date |
| Fernhill Place 21-23, Flat 11, Chartfield Avenue, SW15 6DX | 420,000 |
28/02/2011 |
| 18, Enmore Road, SW15 6LL | 1,380,000 |
28/02/2011 |
| 77, Fawe Park Road, SW15 2EG | 500,000 |
28/02/2011 |
| 77b, Fawe Park Road, SW15 2EG | 467,500 |
28/02/2011 |
| 10, Marrick Close, SW15 5RA | 300,000 |
28/02/2011 |
| 1, St Stephens Gardens, SW15 2RR | 266,750 |
28/02/2011 |
| Downside, 8 - 10, Flat 16, St Johns Avenue, SW15 2AE | 555,000 |
25/02/2011 |
| 29, Campion Road, SW15 6NN | 1,600,000 |
25/02/2011 |
| Kenilworth Court, Flat 146, Lower Richmond Road, SW15 1HB | 588,000 |
25/02/2011 |
| Carlton Place, 37, Flat 4, Carlton Drive, SW15 2BH | 310,000 |
25/02/2011 |
| Eashing Point, Flat 35, Wanborough Drive, SW15 4AN | 156,000 |
25/02/2011 |
| 16, Norley Vale, SW15 4BS | 270,000 |
25/02/2011 |
| 10, Norley Vale, SW15 4BS | 230,000 |
25/02/2011 |
| 102, Sherfield Gardens, SW15 4PR | 170,000 |
24/02/2011 |
| 34, Carslake Road, SW15 3DP | 205,000 |
22/02/2011 |
| 77, Dyers Lane, SW15 6JT | 435,000 |
18/02/2011 |
| 23, Isis Close, SW15 6JY | 205,000 |
18/02/2011 |
| 34, Bendemeer Road, SW15 1JU | 760,000 |
18/02/2011 |
| Holly Lodge, 337, Flat 2, Upper Richmond Road, SW15 6XP | 455,000 |
18/02/2011 |
| 22, Lifford Street, SW15 1NY | 710,000 |
18/02/2011 |
| 46, Dover House Road, SW15 5AU | 285,000 |
18/02/2011 |
| 92, Dowdeswell Close, SW15 5RL | 282,500 |
18/02/2011 |
| 37, Cortis Road, SW15 3AF | 205,000 |
17/02/2011 |
| 18, Westleigh Avenue, SW15 6RD | 345,000 |
17/02/2011 |
| 4, Nepean Street, SW15 5DW | 835,000 |
17/02/2011 |
| 12, Tildesley Road, SW15 3AS | 171,000 |
16/02/2011 |
| 59, Parkstead Road, SW15 5AN | 325,000 |
14/02/2011 |
| 17, The Pleasance, SW15 5HF | 487,500 |
14/02/2011 |
| 37a, Galveston Road, SW15 2RZ | 355,000 |
11/02/2011 |
| 96, Tildesley Road, SW15 3AS | 152,000 |
11/02/2011 |
| 5, Sefton Street, SW15 1NA | 608,000 |
11/02/2011 |
| 19, Flat 3, St Margarets Crescent, SW15 6HL | 240,000 |
11/02/2011 |
| 8, Cardinal Place, SW15 1NX | 688,000 |
11/02/2011 |
| Highlands Heath, Flat 50, Portsmouth Road, SW15 3TX | 330,000 |
11/02/2011 |
| George Court, 3, Norstead Place, SW15 3SA | 248,000 |
11/02/2011 |
| 3 Quill Terrace, 22, Charlwood Road, SW15 1PW | 851,750 |
10/02/2011 |
| Kersfield House, 11, Flat 13, Kersfield Road, SW15 3HJ | 160,000 |
10/02/2011 |
| 66, Putney Park Lane, SW15 5HQ | 430,000 |
10/02/2011 |
| Sycamore Lodge, 1, Flat 11, Gipsy Lane, SW15 5RH | 170,000 |
10/02/2011 |
| 37b, Oakhill Road, SW15 2QJ | 275,000 |
10/02/2011 |
| 28, Mexfield Road, SW15 2RQ | 850,000 |
09/02/2011 |
| Harwood Court, Flat 229, Upper Richmond Road, SW15 6JG | 156,000 |
08/02/2011 |
| 259, Hayward Gardens, SW15 3BT | 240,000 |
08/02/2011 |
| 20, Woking Close, SW15 5JZ | 245,000 |
08/02/2011 |
| 22, Grasmere Avenue, SW15 3RB | 870,000 |
07/02/2011 |
| Harwood Court, Flat 223, Upper Richmond Road, SW15 6JG | 197,000 |
04/02/2011 |
| 60, First Floor Flat At, Bendemeer Road, SW15 1JU | 320,000 |
04/02/2011 |
| 95b, Fawe Park Road, SW15 2EG | 495,000 |
04/02/2011 |
| 76b, Schubert Road, SW15 2QS | 400,000 |
04/02/2011 |
| Ewhurst, 8, Flat 1, Kersfield Road, SW15 3HL | 370,000 |
04/02/2011 |
| Hannay House, 23, Flat 80, Scott Avenue, SW15 3PD | 134,750 |
04/02/2011 |
| 256, Flat C, Upper Richmond Road, SW15 6TQ | 320,000 |
02/02/2011 |
| Copse Court, Flat 6, Evenwood Close, SW15 2DE | 325,000 |
02/02/2011 |
| 2, Parkstead Road, SW15 5HW | 345,000 |
02/02/2011 |
| 25, Beaufort Close, SW15 3TL | 792,500 |
01/02/2011 |
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
