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August prices down from levels seen in July

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29 properties changed hands in Putney in August at an average price of £509,481.

So far in the third quarter, according to figures from the Land Registry the average price of properties sold is £633,107. This is way above the average for the second quarter which was marginally above £500,000 and suggests that on this measure property prices are actually reaching new highs.

The exceptionally low levels of volume do, however, mean that the figures should be treated with some caution. One explanation for the rise in the average could be that the composition of homes changing hands is changing. Fewer flats being sold and more higher priced houses will boost the overall average. On the other hand it is impossible to dismiss the numbers as solely being a statistical quirk. On a like for like basis the prices of terraced and semi-detached houses do seem to be above previous levels.

There seems to be little evidence of distressed selling in the Putney area at the moment and with many homeowners looking to upgrade and the resilience of the market is providing them with the equity to get a larger property in the area.

Properties Sold in SW15 - August 2008

Address Price (£) Deed Date
Flat 16, Bede House, Manor Fields, SW15 3LT
635,000
29/08/2008
Flat 29, Court Royal, Carlton Drive, SW15 2BJ
317,500
29/08/2008
Flat 4, 1 Hotham Hall, Hotham Road, SW15 1QS
875,000
28/08/2008
Flat 5, Cadbury House, Dromore Road, SW15 3ET
335,000
28/08/2008
14, Pentlow Street, SW15 1LX
870,000
26/08/2008
Flat 2, 2, Schubert Road, SW15 2QS
500,000
22/08/2008
30a, Galveston Road, SW15 2SA
440,000
21/08/2008
90, Frensham Drive, SW15 3EF
223,000
20/08/2008
Flat 7, 35, Keswick Road, SW15 2EW
385,000
20/08/2008
Flat 1, 37, Keswick Road, SW15 2JB
319,950
18/08/2008
Flat 36, 125, Upper Richmond Road, SW15 2TL
185,000
15/08/2008
52, Charlwood Road, SW15 1PZ
1,450,000
15/08/2008
12, Farlow Road, SW15 1DT
865,000
15/08/2008
Flat 29, Garden Royal, Kersfield Road, SW15 3HE
300,000
15/08/2008
Flat 10, Selwyn House, Manor Fields, SW15 3LR
555,000
15/08/2008
5, Borneo Street, SW15 1QQ
500,000
15/08/2008
10, Littlecombe Close, SW15 3HR
205,000
14/08/2008
Flat 23, 73, Upper Richmond Road, SW15 2SR
499,995
13/08/2008
46, Danemere Street, SW15 1LT
600,000
13/08/2008
Flat 57, 73, Upper Richmond Road, SW15 2SR
320,000
12/08/2008
5, Westhorpe Road, SW15 1QH
1,000,000
08/08/2008
Basement Flat, 22, Disraeli Road, SW15 2DS
345,000
08/08/2008
2a, Salvin Road, SW15 1DR
520,000
08/08/2008
Upper Flat, 33, Wymond Street, SW15 1DY
450,000
08/08/2008
35, Lytton Grove, SW15 2EZ
820,000
07/08/2008
Flat C, 2, Atney Road, SW15 2PS
345,000
06/08/2008
15c, Chelverton Road, SW15 1RN
380,000
05/08/2008
Flat 16, 7 Marsdene, St Johns Avenue, SW15 2AN
410,000
05/08/2008
207, Hayward Gardens, SW15 3BU
124,500
01/08/2008

 

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.

October 10, 2008