Prices finish the year strongly but falling volumes will be a concern
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Putney property prices finished 2014 strongly ending the year up by 21.2%
The latest figures from the Land Registry for the SW15 post code area show that the average sale price in the last quarter of the year £766,315, the second highest three month average on record.
Unlike many other areas of London where stamp duty changes appear to have dampened interest in higher priced properties, locally there was good demand at the top end of the market and this masked a dip in the prices of flats and terrace houses.
The period saw the second highest price for a residential property in the area with a house in Heathview Gardens selling for £7,450,000. The all-time high was set earlier this year when a home in the same street changed hands for £8,200,000.
One concern for local agents will be the decline in the amount of sales in the area. There were nearly 30% fewer transactions than in the same period last year.
London continues to be the area of the country seeing the strongest price growth. During December the average price in the capital was £464,936 up another 1.8% compared to the previous month to bring the annual price rise to 16.8%
The December data shows a monthly price increase of 0.6 % bringing the annual price change to 7.0% and the average house price in England and Wales to £177,766.
The number of property transactions has increased over the last year. From July 2013 to October 2013 there was an average of 75,201 sales per month compared to 82,067 for the same period in 2014.
Simon Rubinsohn, RICS Chief Economist, said, 'Despite the slowdown, there is optimism that the stamp duty reforms will deliver a 2-5% boost in both sales and prices over the next 12 months, despite members in London expecting sales to decrease by between 5-10% and prices to decrease by 2-5%, with larger properties and/or those in prime areas expected to see the biggest price decreases.'
The number of properties sold in England and Wales for over £1 million in September 2014 increased by 8% to 1,172 from 1,088 in September 2013
Properties Sold in SW15 - December 2014 |
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|---|---|---|
| Deed Date | Address | Price (£) |
| 29/12/2014 | 18 Harbridge Avenue, SW15 4EZ | 280,000 |
| 23/12/2014 | 1 Woodview Close, Kingston Vale, SW15 3RL | 1,090,000 |
| 23/12/2014 | Flat 23, Fairheathe, 43 Putney Hill, SW15 6QP | 495,000 |
| 23/12/2014 | Flat 2, Messenger Court, 23 Upper Richmond Road, SW15 2RF | 355,000 |
| 22/12/2014 | 118 Stroud Crescent, SW15 3EH | 250,000 |
| 19/12/2014 | 14, Roehampton House, Vitali Close, SW15 5FH | 495,000 |
| 19/12/2014 | 33 Vale Crescent, SW15 3PJ | 250,000 |
| 19/12/2014 | Flat D, 142 West Hill, SW15 3SR | 424,950 |
| 19/12/2014 | 6 Pleasance Road, SW15 5HP | 675,000 |
| 19/12/2014 | Flat 9, Devereux House, Aubyn Square, SW15 5NP | 295,000 |
| 19/12/2014 | 25 Rockingham Close, SW15 5RW | 246,000 |
| 19/12/2014 | Flat 118, Harwood Court, Upper Richmond Road, SW15 6JB | 290,000 |
| 19/12/2014 | 22 Fairdale Gardens, SW15 6JW | 695,000 |
| 19/12/2014 | Flat 109, Kenilworth Court, Lower Richmond Road, SW15 1HA | 1,200,000 |
| 19/12/2014 | 14 Bendemeer Road, SW15 1JU | 750,000 |
| 19/12/2014 | Flat 30, Crown Court, Lacy Road, SW15 1NS | 470,000 |
| 19/12/2014 | 88 Deodar Road, SW15 2NJ | 1,250,000 |
| 19/12/2014 | 81 Mexfield Road, SW15 2RG | 877,500 |
| 18/12/2014 | 43 Lytton Grove, SW15 2HD | 1,690,000 |
| 18/12/2014 | 24 Wadham Road, SW15 2LR | 1,032,000 |
| 18/12/2014 | Flat 1, 75 West Hill, SW15 2UL | 580,000 |
| 18/12/2014 | 71 Carslake Road, SW15 3DB | 331,750 |
| 17/12/2014 | Flat 15, Knight House, 22 Scott Avenue, SW15 3PB | 540,000 |
| 17/12/2014 | 43 Bangalore Street, SW15 1QF | 1,525,000 |
| 16/12/2014 | Top Floor Flat, 211 Putney Bridge Road, SW15 2NY | 575,000 |
| 15/12/2014 | Flat 5, 186 West Hill, SW15 3SH | 500,000 |
| 15/12/2014 | 7 Salvin Road, SW15 1DR | 1,460,000 |
| 15/12/2014 | 85 Hotham Road, SW15 1QW | 2,559,000 |
| 15/12/2014 | Flat 6, 4 Mercier Road, SW15 2AT | 600,000 |
| 15/12/2014 | Flat 4, 36 Schubert Road, SW15 2QS | 525,000 |
| 12/12/2014 | 61b Lower Richmond Road, SW15 1ET | 405,000 |
| 12/12/2014 | Flat 9, Knight House, 22 Scott Avenue, SW15 3PB | 385,000 |
| 12/12/2014 | 2 Parkstead Road, SW15 5HW | 598,000 |
| 12/12/2014 | Flat 2, Ashdown, 7 Cambalt Road, SW15 6EL | 442,000 |
| 12/12/2014 | 26 Dryburgh Road, SW15 1BL | 3,125,000 |
| 12/12/2014 | 2 Lower Common South, SW15 1BP | 4,625,000 |
| 12/12/2014 | 103 Norroy Road, SW15 1PH | 795,000 |
| 12/12/2014 | Flat 6, 90 West Hill, SW15 2UJ | 485,501 |
| 12/12/2014 | 15 Tildesley Road, SW15 3AA | 250,000 |
| 11/12/2014 | 130 Felsham Road, SW15 1DP | 485,000 |
| 10/12/2014 | 22 Greenstead Gardens, SW15 5AJ | 525,000 |
| 10/12/2014 | 72 Dover House Road, SW15 5AT | 695,000 |
| 10/12/2014 | Flat B, 16 Lower Richmond Road, SW15 1JP | 367,000 |
| 10/12/2014 | 57, Putney Wharf Tower, Brewhouse Lane, SW15 2JQ | 1,400,000 |
| 09/12/2014 | 24a Swinburne Road, SW15 5EB | 835,000 |
| 09/12/2014 | Flat 5, Highlands Heath, Portsmouth Road, SW15 3TR | 675,000 |
| 09/12/2014 | 6 Ernshaw Place, SW15 2BT | 860,000 |
| 08/12/2014 | 11 Lysons Walk, SW15 5EG | 679,100 |
| 08/12/2014 | 23 Roehampton Close, SW15 5LU | 699,950 |
| 08/12/2014 | Flat 20, Keswick Heights, Keswick Road, SW15 2JR | 530,000 |
| 05/12/2014 | Apartment 91, 25 Brewhouse Lane, SW15 2JQ | 950,000 |
| 05/12/2014 | Flat 1, 4 Galveston Road, SW15 2SA | 620,000 |
| 05/12/2014 | 36 Keswick Avenue, SW15 3QJ | 545,000 |
| 05/12/2014 | Flat F203, Gilbert Scott Building, Scott Avenue, SW15 3SG | 580,000 |
| 05/12/2014 | Flat 17, Andrew House, Toland Square, SW15 5NZ | 325,000 |
| 05/12/2014 | 11b Bramcote Road, SW15 6UG | 375,000 |
| 05/12/2014 | Flat 18, Pearson House, Horne Way, SW15 1HY | 415,000 |
| 05/12/2014 | Flat A, 5 Winthorpe Road, SW15 2LW | 685,000 |
| 05/12/2014 | Flat 14, Mayfield Mansions, 94 West Hill, SW15 2YB | 615,000 |
| 05/12/2014 | Flat 13, Brett House, Putney Heath Lane, SW15 3JE | 450,750 |
| 04/12/2014 | 59 Clarendon Drive, SW15 1AW | 685,000 |
| 04/12/2014 | Flat 43, 125 Upper Richmond Road, SW15 2TL | 340,000 |
| 03/12/2014 | Flat 11, Halford House, Whitnell Way, SW15 6DE | 399,950 |
| 03/12/2014 | 168 Tildesley Road, SW15 3AT | 249,950 |
| 01/12/2014 | Flat 18, Avershaw House, 1 Chartfield Avenue, SW15 6AD | 675,000 |
| 01/12/2014 | 33 Newnes Path, SW15 5JA | 332,000 |
| 01/12/2014 | 11 Isis Close, SW15 6JY | 265,000 |
| 01/12/2014 | Flat M, Estate House 225-231, Upper Richmond Road, SW15 6SJ | 487,000 |
| 01/12/2014 | Flat 2, 47 Hazlewell Road, SW15 6UT | 2,400,000 |
| 01/12/2014 | 63 Disraeli Road, SW15 2DR | 1,595,000 |
| 01/12/2014 | Flat C, 5 Winthorpe Road, SW15 2LW | 419,950 |
| 01/12/2014 | 20 Frensham Drive, SW15 3EA | 265,000 |
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.
May 19, 2015
