Prices achieved so far this year suggests market at record levels
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According to the latest figures from the Land Registry the average price of a home sold in the SW15 post code area so far this year was £593,805. This is above the highest quarterly average price seen in the area during the third quarter of 2011.
There have been 73 properties reported as sold to date in 2013, nine of which went for over £1,000,000. The most expensive of these was on St. Simon's Avenue changing hands for £3,610,000.
According to the Land Registry, London property prices continue to lead the rest of the country rising by 6.3% in February compared with the same month in 2011. The average price of a home in the capital is now £370,819. This is down slightly on the previous month. For England and Wales as a whole over the same period average prices rose by just 1.0% to reach £162,606.
Local agent Allan Fuller told PutneySW15.com:
Demand for all types of houses and flats locally is incredibly strong, we have recently launched several properties with an Open House viewing arrangement on the first day of marketing and were overwhelmed with a deluge of enquiries and several immediately agreed sales.
A rise in prices of 6.3% in London in February is nothing short of amazing given the overall economic doom in the media, and is fascinating compared to the rest of England and Wales, and proves yet again that the London economy is completely different to most of the country.
Our own experience is that locally we are seeing between 5% and 10% increase in prices since the beginning of January, sounds imposable, well believe me it’s true!
Given the economy why can this be happening? There are various factors, certainly mortgages are becoming more readily available, employment levels in Central London are improving, and I believe there is a considerable faith in owning property, in fact many people say to me that they feel safer having their money in property than in the bank! Desirable locations such as ours have a finite amount of property, with demand rising the laws of supply and demand mean that values will rise and that is just what we are experiencing.
The outlook at the moment is that demand will remain very strong as the Spring market develops, Putney is certainly proving itself to be in the vanguard of a resurgent property market and I am sure that the next statistics will show a continuance of this trend."
The most up-to-date figures available show that during December 2012, the number of completed house sales in England and Wales decreased by 15 per cent to 53,860 compared with 63,600 in December 2011. The number of properties sold in England and Wales for over £1 million in December 2012 increased by 19 per cent to 598 from 501 in December 2011.
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 - January/February 2013
| Deed Date | Address | Price (£) |
|---|---|---|
| 22/02/2013 | Flat 33, Wheatley House, Tangley Grove, SW15 4DP | 111,000 |
| 20/02/2013 | 154 Felsham Road, SW15 1DP | 550,000 |
| 18/02/2013 | 132 Innes Gardens, SW15 3AE | 215,000 |
| 15/02/2013 | 10 St. Simon's Avenue, SW15 6DU | 3,610,000 |
| 15/02/2013 | 19 Wadham Road, SW15 2LS | 950,000 |
| 15/02/2013 | 177 Lower Richmond Road, SW15 1HH | 910,000 |
| 15/02/2013 | 23 Salvin Road, SW15 1DR | 610,000 |
| 15/02/2013 | 43 Larpent Avenue, SW15 6UU | 350,000 |
| 15/02/2013 | 39a St. John's Avenue, SW15 6AL | 225,000 |
| 13/02/2013 | 14 Parkfields, SW15 6NH | 1,200,000 |
| 12/02/2013 | Flat 12, Crown Court, Lacy Road, SW15 1NS | 360,000 |
| 11/02/2013 | Flat 39, Fairacres, Roehampton Lane, SW15 5LX | 750,000 |
| 08/02/2013 | 12 Granard Avenue, SW15 6HJ | 1,620,000 |
| 08/02/2013 | Flat 12, Glenalmond House, Manor Fields, SW15 3LP | 595,000 |
| 08/02/2013 | 182 Putney Bridge Road, SW15 2NG | 527,500 |
| 08/02/2013 | 18 Crestway, SW15 5BY | 476,000 |
| 08/02/2013 | First Floor Flat, 38 Rotherwood Road, SW15 1JZ | 456,000 |
| 08/02/2013 | 12a Mascotte Road, SW15 1NN | 314,400 |
| 08/02/2013 | Flat 19, Brockbridge House, Tangley Grove, SW15 4EN | 140,000 |
| 07/02/2013 | Flat 36, Penwood House, Tunworth Crescent, SW15 4PJ | 145,000 |
| 04/02/2013 | 14 Vitali Close, SW15 5EX | 445,000 |
| 04/02/2013 | 33 Cambalt Road, SW15 6EL | 250,000 |
| 01/02/2013 | Flat A, 85 Lacy Road, SW15 1NR | 640,000 |
| 01/02/2013 | 25 Medfield Street, SW15 4JY | 425,000 |
| 01/02/2013 | Flat 2, Greville House, Biggs Row, SW15 1DN | 362,500 |
| 31/01/2013 | 18 Granard Avenue, SW15 6HJ | 1,950,000 |
| 31/01/2013 | 28 Carmalt Gardens, SW15 6NE | 1,420,000 |
| 31/01/2013 | 3 Egliston Mews, SW15 1AP | 930,000 |
| 30/01/2013 | Flat 9, Ormonde Court, Upper Richmond Road, SW15 6TW | 232,500 |
| 28/01/2013 | 92 Crestway, SW15 5DD | 425,000 |
| 28/01/2013 | 13 Henty Walk, SW15 5AG | 420,000 |
| 25/01/2013 | 38 Ullswater Crescent, SW15 3RQ | 785,000 |
| 25/01/2013 | 59 Sefton Street, SW15 1NA | 700,000 |
| 25/01/2013 | 18 Bangalore Street, SW15 1QE | 645,000 |
| 25/01/2013 | 234 Huntingfield Road, SW15 5ES | 428,200 |
| 25/01/2013 | 328 Dowdeswell Close, SW15 5RP | 321,000 |
| 25/01/2013 | 6, Fusion Court, Kingston Vale, SW15 3PF | 249,950 |
| 22/01/2013 | Ground Floor Flat, 117 Putney Bridge Road, SW15 2PA | 402,500 |
| 21/01/2013 | 46 Newnes Path, SW15 5JB | 220,000 |
| 21/01/2013 | Flat 1, Pembroke House, Toland Square, SW15 5PB | 218,000 |
| 18/01/2013 | 10 Vitali Close, SW15 5EX | 1,300,000 |
| 18/01/2013 | 31 Felsham Road, SW15 1AY | 800,000 |
| 18/01/2013 | 48 Putney Park Lane, SW15 5HD | 565,000 |
| 18/01/2013 | Flat 18, Stafford House, 9 Scott Avenue, SW15 3PA | 430,000 |
| 18/01/2013 | 32 Chelverton Road, SW15 1RH | 406,100 |
| 18/01/2013 | Flat 14, Aspire Building, 10 Upper Richmond Road, SW15 2TS | 367,500 |
| 18/01/2013 | Flat 67, Millbrooke Court, Keswick Road, SW15 2RA | 250,000 |
| 18/01/2013 | 13 Cortis Road, SW15 3AF | 210,000 |
| 18/01/2013 | 97 Innes Gardens, SW15 3AE | 189,000 |
| 18/01/2013 | Flat 4, Cadnam Point, Dilton Gardens, SW15 4BY | 171,000 |
| 18/01/2013 | Flat 9, Cedars Court, 1 Clarence Lane, SW15 4PN | 110,000 |
| 17/01/2013 | 61 Felsham Road, SW15 1AZ | 450,000 |
| 17/01/2013 | 110 Dover House Road, SW15 5AT | 400,000 |
| 16/01/2013 | Flat 9, Wildcroft Manor, Wildcroft Road, SW15 3TS | 685,000 |
| 16/01/2013 | Flat 38, Fairburn Court, St. John's Avenue, SW15 2AU | 413,000 |
| 16/01/2013 | Flat 19, Charcot House, Highcliffe Drive, SW15 4PT | 145,000 |
| 15/01/2013 | Flat 2, 40 Carlton Drive, SW15 2DG | 695,000 |
| 15/01/2013 | Flat 87, Hannay House, 23 Scott Avenue, SW15 3PD | 250,000 |
| 14/01/2013 | Flat 27, Wildcroft Manor, Wildcroft Road, SW15 3TT | 650,000 |
| 14/01/2013 | 4 Priests Bridge, SW15 5JE | 628,500 |
| 14/01/2013 | Flat 1, 35 Hotham Road, SW15 1QL | 550,000 |
| 14/01/2013 | Flat 1, 19 Rayners Road, SW15 2AZ | 540,000 |
| 14/01/2013 | Flat 3, Jellicoe House, Whitnell Way, SW15 6DD | 270,000 |
| 14/01/2013 | Flat 115, Harwood Court, Upper Richmond Road, SW15 6JB | 218,000 |
| 11/01/2013 | 10 Keswick Avenue, SW15 3QJ | 558,000 |
| 11/01/2013 | Flat 4, 58 Hazlewell Road, SW15 6LR | 370,000 |
| 11/01/2013 | Flat 2, Bonthron House, Horne Way, SW15 1HX | 240,000 |
| 10/01/2013 | 15 Hotham Road, SW15 1QL | 1,110,000 |
| 10/01/2013 | Flat 2, Common View, Putney Common, SW15 1HN | 359,950 |
| 09/01/2013 | 52 Bective Road, SW15 2QA | 860,000 |
| 09/01/2013 | Flat 28, John Keall House, Henry Jackson Road, SW15 1DJ | 385,000 |
| 08/01/2013 | Flat 5, 78-80, West Hill, SW15 2UJ | 415,000 |
| 08/01/2013 | 50 Dover House Road, SW15 5AU | 295,000 |
| 07/01/2013 | 23 Hazlewell Road, SW15 6LT | 3,100,000 |
| 07/01/2013 | Flat 12, Hamilton House, Toland Square, SW15 5PQ | 200,000 |
| 04/01/2013 | 27 Clarendon Drive, SW15 1AW | 1,300,000 |
| 04/01/2013 | Ground Floor Flat, 19 Langside Avenue, SW15 5QT | 690,000 |
| 04/01/2013 | 247 Dover House Road, SW15 5AF | 400,000 |
| 04/01/2013 | Flat 3, Fairheathe, 43 Putney Hill, SW15 6QP | 350,000 |
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.
April 24, 2013
