Average price dips back below £600,000 in recent months
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Local estate agents are saying there is no reason to panic after a recent dip in local property prices.
The average price of a home sold sold in the SW15 post code area since the end of March was £593,708. This is after a record breaking first quarter of 2013 when the average went above £600,000 for the first time.
Allan Fuller of Allan Fuller Estates Agents puts the fall down to a lower number of properties at the very top end of the market and believes that continuing demand for property in Putney proves it is one of the best places to live in London. He said, "The trend in fact has been a steady increase since this time last year, but the real truth is that values are continuing to rise this year and when the first half of 2013 can be fully analysed I am sure it will confirm what my company has regularly been achieving, which is sales at levels close to 10% up on a year ago."
There were 88 properties reported as sold during the period, twelve of which went for over £1,000,000. The most expensive of these was on Campion Road changing hands for £2,250,000.
He points out that new construction is also gradually picking up, with hundreds of new flats being built adding, "There does need to be more encouragement for affordable housing but this is really all a result of supply and demand, the demand is enormous, but planning permission still takes too long and whilst politicians say they are helping it is immediate action, not future promises that are needed., let's hope that much more positive action can be taken. "
The April data from Land Registry's House Price Index shows that London remains the best performing property market in England and Wales. The average price of a home in the capital rose by 6.2% over the year to £375,795.
For the country as a whole prices only rose by 0.7% which takes the average property value in England and Wales to £161,458.
The most up-to-date figures available show that during February 2013, the number of completed house sales in England and Wales decreased by 3 per cent to 43,573 compared with 44,829 in February 2012.The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3 per cent to 488 from 475 in February 2012. London has seen a fall in repossessions which were down by 29% to 117 in February 2013 compared with the same month in 2012.
Properties Sold in SW15 - April/May 2013
| Deed Date | Address | Price (£) |
|---|---|---|
| 28/05/2013 | 23 Hayward Gardens, SW15 3DA | 250,000 |
| 24/05/2013 | 19 Parkstead Road, SW15 5HS | 449,950 |
| 24/05/2013 | Flat 3, 13 Oakhill Road, SW15 2QJ | 835,000 |
| 20/05/2013 | 30 Alton Road, SW15 4NH | 225,000 |
| 20/05/2013 | Top Floor Flat, 109 Disraeli Road, SW15 2DY | 410,000 |
| 20/05/2013 | 9 Langside Avenue, SW15 5QT | 1,625,000 |
| 17/05/2013 | 54 Evenwood Close, SW15 2DA | 355,400 |
| 17/05/2013 | 32, Putney Wharf Tower, Brewhouse Lane, SW15 2JQ | 660,000 |
| 15/05/2013 | Flat 5, Heath Mansions, Putney Heath Lane, SW15 3JJ | 600,000 |
| 14/05/2013 | Flat 6, Holmsley House, Tangley Grove, SW15 4EH | 109,000 |
| 13/05/2013 | Flat C, 11 Keswick Road, SW15 2HZ | 360,000 |
| 13/05/2013 | 21 Rotherwood Road, SW15 1LA | 970,000 |
| 13/05/2013 | 144 Lower Richmond Road, SW15 1LU | 1,875,000 |
| 10/05/2013 | 36 Ibsley Gardens, SW15 4JN | 220,000 |
| 10/05/2013 | Flat 18, Keswick Heights, Keswick Road, SW15 2JR | 234,000 |
| 10/05/2013 | 12 Derwent Avenue, SW15 3RD | 725,000 |
| 10/05/2013 | 7 Egliston Mews, SW15 1AP | 920,000 |
| 10/05/2013 | 88 Deodar Road, SW15 2NJ | 935,000 |
| 10/05/2013 | 63 Norroy Road, SW15 1PH | 940,000 |
| 07/05/2013 | 19 Stoughton Close, SW15 4LS | 240,000 |
| 03/05/2013 | 106 Woking Close, SW15 5LB | 193,000 |
| 03/05/2013 | Flat 22, Avershaw House, 1 Chartfield Avenue, SW15 6AD | 367,500 |
| 03/05/2013 | Flat 16, Marsdene, 7 St. John's Avenue, SW15 2AN | 538,500 |
| 02/05/2013 | Flat 17, Kings Court, 1 Bessborough Road, SW15 4AB | 199,950 |
| 02/05/2013 | Flat 18, Repton House, 20 Scott Avenue, SW15 3PB | 420,000 |
| 01/05/2013 | 6 Gillis Square, SW15 5FG | 416,000 |
| 30/04/2013 | 77 Vale Crescent, SW15 3PL | 224,500 |
| 30/04/2013 | 2b Chelverton Road, SW15 1RH | 270,000 |
| 30/04/2013 | Flat 36, 73 Upper Richmond Road, SW15 2SR | 457,500 |
| 30/04/2013 | Flat 2, 23 Clarendon Drive, SW15 1AW | 500,000 |
| 30/04/2013 | 18 Beaufort Close, SW15 3TL | 930,000 |
| 30/04/2013 | 26 Deodar Road, SW15 2NN | 950,000 |
| 30/04/2013 | 12 Campion Road, SW15 6NW | 2,250,000 |
| 29/04/2013 | 36 Fanthorpe Street, SW15 1DZ | 439,950 |
| 29/04/2013 | 6 Salvin Road, SW15 1DR | 540,000 |
| 29/04/2013 | 30 Borneo Street, SW15 1QQ | 1,512,795 |
| 26/04/2013 | 178 Cortis Road, SW15 3AQ | 225,000 |
| 26/04/2013 | 12 Aubyn Square, SW15 5NT | 249,950 |
| 26/04/2013 | Flat 4, Hewett House, Horne Way, SW15 1JE | 282,500 |
| 26/04/2013 | Flat 8, Elystan Court, Howards Lane, SW15 6QH | 337,000 |
| 26/04/2013 | Flat 3, 248-250, Upper Richmond Road, SW15 6TG | 385,000 |
| 25/04/2013 | 40 Buttermere Drive, SW15 2HW | 330,000 |
| 25/04/2013 | Flat 6, 68 Upper Richmond Road, SW15 2RP | 470,000 |
| 25/04/2013 | 35 Spencer Walk, SW15 1PL | 649,950 |
| 25/04/2013 | 14 Redgrave Road, SW15 1PX | 1,625,000 |
| 23/04/2013 | Flat 34, Burton Lodge, 15 Portinscale Road, SW15 2HT | 260,000 |
| 19/04/2013 | Flat 3, 413 Upper Richmond Road, SW15 5QX | 269,500 |
| 19/04/2013 | Flat 3, Madison Court 202a, West Hill, SW15 3JA | 290,000 |
| 19/04/2013 | 45 Huntingfield Road, SW15 5EA | 300,000 |
| 19/04/2013 | Flat 7, 413 Upper Richmond Road, SW15 5QX | 324,950 |
| 19/04/2013 | 212 Dover House Road, SW15 5AH | 359,000 |
| 19/04/2013 | Flat 16, Hedley Court, Putney Hill, SW15 3NS | 375,000 |
| 19/04/2013 | Flat 21, Cornerways, 1 Daylesford Avenue, SW15 5QP | 382,000 |
| 19/04/2013 | 75 Fawe Park Road, SW15 2EG | 542,300 |
| 18/04/2013 | 141a Fawe Park Road, SW15 2EG | 624,000 |
| 17/04/2013 | Flat 3, 32 Schubert Road, SW15 2QS | 370,000 |
| 17/04/2013 | 79 Dover House Road, SW15 5AB | 425,000 |
| 17/04/2013 | The First Floor Flat, 132 Disraeli Road, SW15 2DX | 482,000 |
| 16/04/2013 | Flat 4, Cedars Court, 1 Clarence Lane, SW15 4PN | 123,000 |
| 16/04/2013 | Flat 3, 9 Winthorpe Road, SW15 2LW | 370,000 |
| 16/04/2013 | Flat 2, 11 Balmuir Gardens, SW15 6NG | 975,000 |
| 16/04/2013 | 60 Clarendon Drive, SW15 1AH | 1,625,000 |
| 12/04/2013 | Flat 128, Harwood Court, Upper Richmond Road, SW15 6JB | 215,000 |
| 12/04/2013 | Flat 8, 392 Upper Richmond Road, SW15 6JJ | 320,000 |
| 12/04/2013 | Flat 3, Anne Kerr Court, 10 Kersfield Road, SW15 3HP | 338,000 |
| 12/04/2013 | Flat 62, Lockyer House, The Platt, SW15 1EE | 388,750 |
| 12/04/2013 | Flat 12, Fernhill Place 21-23, Chartfield Avenue, SW15 6DX | 425,000 |
| 12/04/2013 | Ground Floor Flat At, 60 Disraeli Road, SW15 2DS | 437,050 |
| 12/04/2013 | 54 Putney Park Lane, SW15 5HQ | 475,000 |
| 12/04/2013 | 22 Commondale, SW15 1HS | 670,000 |
| 10/04/2013 | 153 Tildesley Road, SW15 3AU | 222,000 |
| 10/04/2013 | Flat 116, Ormonde Court, Upper Richmond Road, SW15 6TR | 349,950 |
| 10/04/2013 | First Floor Flat At, 15 Quill Lane, SW15 1PB | 545,000 |
| 08/04/2013 | Flat 2, 149 Upper Richmond Road, SW15 2TX | 347,500 |
| 08/04/2013 | Flat 28, Highlands Heath, Portsmouth Road, SW15 3TR | 379,000 |
| 05/04/2013 | Apartment 125, 24 Brewhouse Lane, SW15 2JX | 227,500 |
| 05/04/2013 | Flat 50, Avershaw House, 1 Chartfield Avenue, SW15 6AD | 427,500 |
| 05/04/2013 | Flat 1, 81 Lacy Road, SW15 1NR | 521,000 |
| 05/04/2013 | 22 Parkfields, SW15 6NH | 1,000,000 |
| 05/04/2013 | 5 Bramcote Road, SW15 6UG | 1,137,500 |
| 05/04/2013 | 3 Bramcote Road, SW15 6UG | 1,148,875 |
| 05/04/2013 | 10 Deodar Road, SW15 2NN | 1,250,000 |
| 05/04/2013 | 6 Winthorpe Road, SW15 2LW | 1,550,000 |
| 05/04/2013 | 28 Redgrave Road, SW15 1PX | 2,162,500 |
| 03/04/2013 | Flat 46, Downholme 101-107, Upper Richmond Road, SW15 2TH | 249,950 |
| 03/04/2013 | 109 Fawe Park Road, SW15 2EG | 850,000 |
| 02/04/2013 | 457 Clarence Lane, SW15 5QD | 180,000 |
| 02/04/2013 | Flat A, 10 Chartfield Avenue, SW15 6HF | 630,000 |
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.
July 5, 2013
