Putney Flat Prices Reach Record Levels

Latest data shows lower priced properties doing well in SW15

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putney property pricesThe average price of a flat in Putney has risen above £400,000 for the first time ever according to the latest official data.

Figures from the Land Registry show that the average price of a flat in SW15 during the second quarter was £401,051. This is 8.5% higher than the same period last year and 128 homes were sold during the period.

Overall, the average property price in the area fell slightly with activity at the top end of the market much less than it had been in previous quarters.

Appetite for larger properties in the area seems to have diminished with the number of detached and semi-detached properties falling sharply compared with the previous three months.

The average price of a home in Putney is now £546,522 which is 4.6% down on the previous three months and still below the record levels seen last year.

Over the last 5 years the average price of an SW15 property is up by 9.5% and over ten years it is up by 50.% This is a relatively small rise compared to other areas of London.


London has been the best performing property market over the last year according to the Land Registry's House Price index. Prices were up by 6.3% in the year to June.

For England and Wales as a whole the House Price Index shows an annual price increase of 0.9% which takes the average property value in England and Wales to £161,777.

 

Putney Property Prices (April - June 2012)

Area Detached Sales Semi-Det Sales Terraced Sales Flat/
Mais
Sales Total Ave. Total Sales
SW15 1 0 0 0 0 968862 18 457682 22 687713 40
SW15 2 0 0 0 0 740714 7 480967 36 523251 43
SW15 3 0 0 588750 4 0 0 318250 22 359865 26
SW15 4 0 0 0 0 393427 6 163355 8 261957 14
SW15 5 0 0 935000 3 656337 15 403303 13 577193 31
SW15 6 2191666 3 1433333 3 0 0 385162 27 644678 33
Total 2191666 3 946000 10 757177 46 401051 128 546522 187
Last quarter 36.1% -50.0% -26.6% -41.2% -0.7% 0.0% 11.6% 0.8% -4.6% -4.6%
Last year 17.1% 0.0% -20.4% 66.7% -9.6% 7.0% 8.5% 2.4% 1.9% 5.6%
Last three years 24.6% -57.1% 55.2% 25.0% 39.7% 35.3% 17.2% 48.8% 13.4% 38.5%
Last five years -3.8% -80.0% 7.1% -58.3% 21.6% -14.8% 16.5% -53.5% 9.5% -49.2%
Last ten years 42.1% -40.0% 8.1% 100.0% 114.0% 411.1% 79.4% 113.3% 50.5% 136.7%

 

 

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.

September 14, 2012