Putney Property Sales - March 2012

Renewed demand for larger homes boosts average price

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Buyers in the local area seem to have acquired a renewed appetite for larger properties according to the latest official data.

The Land Registry have published information which shows that 94 properties were sold in the SW15 post code area since the beginning of March ten of which went for over £1,000,000.

The most expensive property changing hands during the month went for £3,100,000 on Ravenna Road.

Higher priced sales drove the average price up to £559,016 back towards the peak levels for the area.

The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £160,372. London remains the best performing area in the country with prices rising by 0.7% to £343,522 over the same period although it is down on the previous month.

The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13% to 42,511 compared to 37,584 in January 2011.

Jonathan Mills of Parkgate estate agents on the Lower Richmond Rd said:
“The family housing market is still the big winner of the year as this data suggests. With our last three family style houses going to sealed bids it does show that the demand for the £1,000,000 plus bracket is still plentiful. The lack of stock is allowing these current prices to sustain as when something attractive comes to market there are plenty fighting for it in our recent experience.

He continued: " The situation ,as of today, is still the same with houses getting more demand than flats, although as always this is property specific. Enquiries for buying are up across the board as the families go for the schools and rental investors put their money in to our area due to the stability of prices and underlying demand for both selling and renting.

The only chance of seeing prices softening is if more stock comes to the market as, despite the national trend, Putney has and will be driven by local factors. With excellent schools, good transport links and the river it is little wonder why the area is so popular. As a local myself I am biased, of course, but the facts do speak for themselves!”

Local agent for over 30 years, Allan Fuller commented on the latest sales figures: "The latest statistics for property sales in our area again prove that Putney bears little resemblance to much of the UK. We could almost be described as living in our own bubble! Certainly from the activity in my office this year you would hardly know there is a recession going on!

The fact is that London, and popular areas like Putney are attracting plenty of people who want to live here. The capital is seen as a safe haven by so many people who are buying in to the UK because of either financial or political instability in their home countries, and sadly for the world these circumstances show no signs of abating. Whilst we may not see a big influx of overseas buyers here there is certainly a trickledown effect from Central London.

He continued: " I may be biased working and living in this town, but we have always enjoyed the best of both worlds, great communications to heart of town, the River Thames and hundreds of acres of open spaces on our doorstep, so no wonder buyers flock here! It is interesting to see so much demand for houses, there are simply not enough, and apart from very rare exceptions no more can be created, so it is just the law of supply and demand that is boosting prices. Whilst the economic conditions do not allow a boom market with prices escalating out of control values certainly will remain stable and show growth unless something cataclysmic happens. It all proves that buying property, in the right location, is still the finest investment you can make, the fact that we are in such a great place to live just adds to the attraction."

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database. The latest reported sales are given in the table below.

Properties Sold in SW15 - March 2012

Address Price (£) Deed Date
51 - 53, Flat B, Schubert Road, SW15 2QT
535,000
30/03/2012
Hannay House, 23, Flat 72, Scott Avenue, SW15 3PD
250,000
30/03/2012
Exeter House, Flat 67, Putney Heath, SW15 3SX
395,000
30/03/2012
2, Maclaren Mews, SW15 1UA
725,000
30/03/2012
42, Vanneck Square, SW15 5DX
390,000
30/03/2012
23, Ground Floor Flat, Salvin Road, SW15 1DR
445,000
28/03/2012
Harwood Court, Flat 501, Upper Richmond Road, SW15 6JE
310,000
28/03/2012
6, Embankment, SW15 1LB
2,550,000
28/03/2012
10, Gillis Square, SW15 5FG
815,000
28/03/2012
30, Putney Park Lane, SW15 5HD
415,000
28/03/2012
50, Granard Avenue, SW15 6HJ
705,000
27/03/2012
11, Eastleigh Walk, SW15 4LQ
293,000
27/03/2012
2, Rossdale Road, SW15 1AD
1,500,000
26/03/2012
21, Blackett Street, SW15 1QG
950,000
26/03/2012
24, Schubert Road, SW15 2QS
330,000
23/03/2012
Wellington House, 154 - 160, Flat 9, Upper Richmond Road, SW15 2SW
292,500
23/03/2012
Sycamore Lodge, 1, Flat 15, Gipsy Lane, SW15 5RH
208,000
23/03/2012
22, Salvin Road, SW15 1DR
492,500
23/03/2012
107, Flat 1, Lower Richmond Road, SW15 1EU
396,000
23/03/2012
20, Flat A, Lower Richmond Road, SW15 1JP
241,950
23/03/2012
Harwood Court, Flat 206, Upper Richmond Road, SW15 6JG
200,000
23/03/2012
143, Innes Gardens, SW15 3AE
210,000
23/03/2012
14, Tildesley Road, SW15 3AS
180,000
23/03/2012
29, Sefton Street, SW15 1NA
740,000
23/03/2012
9, Gillis Square, SW15 5FG
800,000
23/03/2012
Kenilworth Court, Flat 124, Lower Richmond Road, SW15 1HB
664,000
22/03/2012
Blendworth Point, Flat 6, Wanborough Drive, SW15 4AL
175,000
22/03/2012
1a, Ullswater Close, SW15 3RF
1,675,000
22/03/2012
67, Innes Gardens, SW15 3AD
232,000
21/03/2012
17, Tildesley Road, SW15 3AA
165,500
21/03/2012
11, Carslake Road, SW15 3DB
175,000
21/03/2012
469, Tildesley Road, SW15 3BE
227,000
21/03/2012
4, Luttrell Avenue, SW15 6PF
1,145,000
21/03/2012
Westmore Court, 17 - 20, Flat 30, Carlton Drive, SW15 2BU
360,000
19/03/2012
8, Gillis Square, SW15 5FG
790,000
19/03/2012
93, Flat 1, Felsham Road, SW15 1BA
499,950
16/03/2012
61, Flat A, Lower Richmond Road, SW15 1ET
443,000
16/03/2012
36a, Quill Lane, SW15 1PD
430,000
16/03/2012
14, Isis Close, SW15 6JY
195,000
16/03/2012
Belvedere Court, 372 - 374, Flat 9, Upper Richmond Road, SW15 6HY
250,000
16/03/2012
Putney Park House, 69, Flat 1, Pleasance Road, SW15 5HJ
445,000
16/03/2012
6, Ravenna Road, SW15 6AW
3,100,000
16/03/2012
10, Pentlow Street, SW15 1LX
900,000
16/03/2012
63, Bowness Crescent, SW15 3QN
631,000
16/03/2012
14, Rodway Road, SW15 5DS
1,450,000
16/03/2012
22, Wymond Street, SW15 1DY
1,050,000
16/03/2012
19, Gillis Square, SW15 5FG
735,000
16/03/2012
43, Vale Crescent, SW15 3PJ
168,000
15/03/2012
55, Woking Close, SW15 5LA
212,500
15/03/2012
7, Flat 7, Rayners Road, SW15 2AY
355,000
14/03/2012
3, Flat 5, Woodborough Road, SW15 6PX
435,000
14/03/2012
35, Flat 9, Keswick Road, SW15 2EW
300,000
12/03/2012
160, Huntingfield Road, SW15 5ES
244,000
12/03/2012
49b, Rotherwood Road, SW15 1LA
685,000
09/03/2012
51, Second Floor Flat At, Chelverton Road, SW15 1RN
340,000
08/03/2012
20, Roskell Road, SW15 1DS
785,000
08/03/2012
27, Gladwyn Road, SW15 1JY
1,042,500
08/03/2012
25, Galveston Road, SW15 2RZ
724,155
06/03/2012
100, Flat 2, Deodar Road, SW15 2NJ
635,000
05/03/2012
51, Cambalt Road, SW15 6EL
250,000
05/03/2012
16, Cherrywood Drive, SW15 6DS
460,000
05/03/2012
Mercury Mansions, Flat 6, Dryburgh Road, SW15 1BT
362,000
02/03/2012
Kenilworth Court, Flat 25, Lower Richmond Road, SW15 1EW
250,000
02/03/2012
49, Bective Road, SW15 2QA
710,000
02/03/2012
22, Gillis Square, SW15 5FG
735,000
02/03/2012
164, Stroud Crescent, SW15 3EH
185,000
01/03/2012
7, Pallister Terrace, SW15 3ER
325,000
01/03/2012

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.

July 5, 2012

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