Spike in prices proves temporary as average falls at year end
|
The average price of a home sold in the SW15 post code area fell back during December after seeing a sharp rise in the previous month.
It reached £568,128 with 82 homes being sold during the month. Of these eight went for over £1,000,000 with the most expensive being a house on St. Simon's Avenue which cost £4,825,000.
The December 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 11.2% over the year to £403,972.
For the country as a whole prices rose by 4.4% which takes the average property value in England and Wales to £167,353. Repossession volumes decreased by 28 per cent in July 2013 to 1,187 compared with 1,645 in July 2012.
The most up-to-date figures available show that during October 2013 the number of completed house sales in England & Wales increased by 21 per cent to 71,929 compared with 59,213 in October 2012. The number of properties sold in England and Wales for over £1 million in October 2013 increased by 40 per cent to 913 from 651 in October 2012.
According to the RICS Residential Market Survey, the number of homes sold per chartered surveyor in London reached its highest point since October 2010 in December as the recovery in the capital’s property sector continued.
Over the festive period, the average number of transactions per surveyor in London, reached 16 - over treble that of the lowest point of the downturn back in February 2009 when respondents were selling a mere 6. With more sales now going through, growth in demand for rented accommodation has fallen again as a growing number of renters opt to test the sales market.
Meanwhile, with the amount of homes coming onto the market still nowhere near enough to meet the higher level of demand, prices continue to rise. In London during December, a net balance of 99 percent more chartered surveyors reported growing prices. Significantly, every area of the UK saw prices increase with London and the South East experiencing the biggest jumps.
Peter Bolton King, RICS Global Residential Director, commented: “The housing market is starting to thrive once more. Sales are at their highest level in almost six years and this is being reflected right across the UK. Growing availability of affordable mortgages has released some pent-up demand from a market that, in recent years, has seen many viable buyers unable to enter the market. On the face of it, this seems like good news but unless we see a marked increase in the number of homes coming up for sale we could well be looking at a price rises becoming unsustainable in some areas.”
Properties Sold in SW15 - December 2013 |
||
|---|---|---|
| Deed Date | Address | Price (£) |
| 23/12/2013 | 65 Carslake Road, SW15 3DB | 228,000 |
| 20/12/2013 | Flat 6, 102 Friars Avenue, SW15 3DU | 150,000 |
| 20/12/2013 | 145 Frensham Drive, SW15 3ED | 220,000 |
| 20/12/2013 | 1 Brett House Close, SW15 3JD | 230,000 |
| 20/12/2013 | 319 Clarence Lane, SW15 5QA | 180,000 |
| 20/12/2013 | Flat 32, Lime Court, 2 Gipsy Lane, SW15 5RJ | 400,000 |
| 20/12/2013 | Flat 4, 41 St. John's Avenue, SW15 6AL | 360,000 |
| 20/12/2013 | Flat 64, Ormonde Court, Upper Richmond Road, SW15 6TP | 315,500 |
| 20/12/2013 | Flat 24, Avershaw House, 1 Chartfield Avenue, SW15 6AD | 649,950 |
| 19/12/2013 | Flat 1, 2 Burstock Road, SW15 2PW | 577,400 |
| 19/12/2013 | 240 Cortis Road, SW15 3AJ | 215,000 |
| 18/12/2013 | 15 St. Simon's Avenue, SW15 6DU | 4,825,000 |
| 18/12/2013 | Flat 2, 100 Friars Avenue, SW15 3DU | 164,000 |
| 18/12/2013 | 65 Frensham Drive, SW15 3EB | 229,950 |
| 18/12/2013 | 242 Huntingfield Road, SW15 5ER | 469,000 |
| 18/12/2013 | 278 Huntingfield Road, SW15 5ER | 438,000 |
| 18/12/2013 | Flat 82, March Court, Warwick Drive, SW15 6LD | 200,000 |
| 18/12/2013 | 25 Clarendon Drive, SW15 1AW | 605,000 |
| 18/12/2013 | 21, Apsley House, 2 Holford Way, SW15 5EY | 120,000 |
| 17/12/2013 | Flat 2, Kersfield House, 11 Kersfield Road, SW15 3HJ | 225,000 |
| 17/12/2013 | Flat 132, Highlands Heath, Portsmouth Road, SW15 3TZ | 707,000 |
| 17/12/2013 | Flat 5, 40 Putney Hill, SW15 6AQ | 450,000 |
| 17/12/2013 | Flat 11, 7 Rayners Road, SW15 2AY | 300,000 |
| 16/12/2013 | 4 Cedar Close, SW15 3SD | 980,000 |
| 16/12/2013 | 86 Sherfield Gardens, SW15 4PR | 245,000 |
| 16/12/2013 | 244 Dover House Road, SW15 5DA | 1,260,000 |
| 16/12/2013 | 85 Huntingfield Road, SW15 5EA | 700,000 |
| 16/12/2013 | 81 Burke Close, SW15 5RS | 335,000 |
| 16/12/2013 | Flat 12, Belvedere Court 372-374, Upper Richmond Road, SW15 6HY | 460,000 |
| 16/12/2013 | Flat 50, Percy Laurie House, 217 Upper Richmond Road, SW15 6SY | 495,000 |
| 16/12/2013 | Flat 5, The Glass House 51-57, Lacy Road, SW15 1PR | 648,000 |
| 13/12/2013 | 12d Oxford Road, SW15 2LF | 429,999 |
| 13/12/2013 | Flat 17, Grangewood 48-50, Upper Richmond Road, SW15 2RN | 339,950 |
| 13/12/2013 | Flat 47, 73 Upper Richmond Road, SW15 2SR | 459,725 |
| 13/12/2013 | 21 Innes Gardens, SW15 3AB | 210,000 |
| 13/12/2013 | Flat 8, Purbrook House, Petersfield Rise, SW15 4AQ | 270,000 |
| 13/12/2013 | 35 Medfield Street, SW15 4JY | 470,000 |
| 13/12/2013 | 18 Vanneck Square, SW15 5DX | 328,000 |
| 13/12/2013 | 10 Pleasance Road, SW15 5HP | 480,000 |
| 13/12/2013 | Flat 73, Belvedere Court 372-374, Upper Richmond Road, SW15 6HZ | 260,000 |
| 13/12/2013 | Flat 35, University Mansions, Lower Richmond Road, SW15 1EP | 420,000 |
| 13/12/2013 | Flat 10, Forrest House, Horne Way, SW15 1HU | 320,000 |
| 13/12/2013 | Flat 9, Westmore Court 17-20, Carlton Drive, SW15 2BU | 327,500 |
| 13/12/2013 | Flat 32, Roebuck House, 89 Roehampton Lane, SW15 5FN | 407,550 |
| 12/12/2013 | 8, Fusion Court, Kingston Vale, SW15 3PF | 320,000 |
| 12/12/2013 | 79b Medfield Street, SW15 4JY | 520,000 |
| 12/12/2013 | 19 Arnewood Close, SW15 4NR | 175,000 |
| 12/12/2013 | Flat 2, 4 Mercier Road, SW15 2AT | 599,950 |
| 11/12/2013 | Flat 12, Magdalen House, Manor Fields, SW15 3LU | 675,000 |
| 11/12/2013 | Flat 34, Roebuck House, 89 Roehampton Lane, SW15 5FN | 445,000 |
| 10/12/2013 | 9a Schubert Road, SW15 2QT | 657,000 |
| 10/12/2013 | 41 Hazlewell Road, SW15 6LS | 2,700,000 |
| 10/12/2013 | 60 Festing Road, SW15 1LP | 1,450,000 |
| 10/12/2013 | Flat 4, 37 Keswick Road, SW15 2JB | 474,950 |
| 09/12/2013 | Flat 55, 73 Upper Richmond Road, SW15 2SR | 530,000 |
| 09/12/2013 | 149 Innes Gardens, SW15 3AE | 185,000 |
| 09/12/2013 | 180 Tildesley Road, SW15 3AT | 185,000 |
| 09/12/2013 | Flat 27, Balliol House, Manor Fields, SW15 3LL | 406,000 |
| 09/12/2013 | 149 Dover House Road, SW15 5AD | 370,000 |
| 09/12/2013 | 24a Salvin Road, SW15 1DR | 790,000 |
| 09/12/2013 | 21 Spencer Walk, SW15 1PL | 540,000 |
| 06/12/2013 | 47 Upper Richmond Road, SW15 2RF | 930,000 |
| 06/12/2013 | 36 Dover House Road, SW15 5AU | 562,000 |
| 06/12/2013 | 75 Huntingfield Road, SW15 5EA | 645,000 |
| 06/12/2013 | 24 The Pleasance, SW15 5HG | 625,000 |
| 06/12/2013 | 5 Nursery Close, SW15 6AS | 475,000 |
| 06/12/2013 | Flat 129, Harwood Court, Upper Richmond Road, SW15 6JB | 220,000 |
| 06/12/2013 | Flat 10, Faulkner House, Horne Way, SW15 1HT | 315,000 |
| 06/12/2013 | Flat 7, Hewett House, Horne Way, SW15 1JE | 250,000 |
| 06/12/2013 | Flat 43, Castle Court, 1 Brewhouse Lane, SW15 2JJ | 660,000 |
| 06/12/2013 | Flat 1, 182 West Hill, SW15 3SH | 232,120 |
| 05/12/2013 | 4 The Footpath, SW15 5AW | 450,000 |
| 05/12/2013 | 25 Swinburne Road, SW15 5ED | 545,000 |
| 05/12/2013 | Flat 28, Castle Court, 1 Brewhouse Lane, SW15 2JJ | 1,275,000 |
| 04/12/2013 | Flat 24, Braemar, 12 Kersfield Road, SW15 3HG | 420,000 |
| 04/12/2013 | Flat 316, Harwood Court, Upper Richmond Road, SW15 6JF | 260,000 |
| 04/12/2013 | 1a Edith Villas, Bective Road, SW15 2QA | 465,000 |
| 03/12/2013 | 7 Dungarvan Avenue, SW15 5QU | 1,550,000 |
| 03/12/2013 | 1 Cedar Mews, Cambalt Road, SW15 6ED | 1,020,000 |
| 03/12/2013 | Flat 33, March Court, Warwick Drive, SW15 6LE | 379,950 |
| 03/12/2013 | Upper Flat, 33 Wymond Street, SW15 1DY | 680,000 |
| 02/12/2013 | 14 Daylesford Avenue, SW15 5QR | 1,500,000 |
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 2, 2014
