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March sales indicate increased turnover in home market

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putney property pricesMarch saw a noticeable increase in property sales in the SW15 area compared to the very fallow winter months.

The average price of a home sold in the first quarter is up by 12.2%, however a closer look at the figures suggest a two tier market is developing. There is renewed volume at the top end of the market with transactions of detached properties appearing in the figures for the first time in several quarters. Prices of terraced houses have also rallied although it should be pointed out that only 15 changed hands in the period under review.

On the other hand flat prices are down by 8.8% so far this year having held up relatively well previously.

The average Putney property cost £434,198 over the first three months of this year which is slightly above the same period last year. The overall average is likely to be distorted by the renewed activity in higher priced properties and it is likely that most local homes have fallen in value over that period.

Volumes continue to be poor with turnover at about three quarters of what it had been three years ago.

The Land Registry data for March for the country as a whole shows an annual house price change of -16.2%. This brings price levels back to those seen in August 2004.

London prices have fallen by 15.4 % to £299,613. Prices did rise slightly in March, the first time in a year the price index has seen a positive change.

Properties Sold in SW15 -March 2009

Address Price (£) Deed Date
Flat 1, 2, Schubert Road, SW15 2QS
422,500
31/03/2009
8, Abbotstone Road, SW15 1QR
910,000
27/03/2009
52, Parkstead Road, SW15 5AP
249,950
27/03/2009
86, Crestway, SW15 5DD
299,000
27/03/2009
Flat 10, Hill Court, Putney Hill, SW15 6BB
155,000
27/03/2009
Flat 25, Westmark Point, Norley Vale, SW15 4BX
125,000
25/03/2009
12, Laneway, SW15 5HX
280,000
25/03/2009
27, 1 Queen Marys House, Holford Way, SW15 5DH
410,000
25/03/2009
25, Carmalt Gardens, SW15 6NE
1,165,000
25/03/2009
Flat 8, Bonner House, Aubyn Square, SW15 5NR
175,000
23/03/2009
Flat 11, Henry Jackson House, Henry Jackson Road, SW15 1DL
262,000
20/03/2009
27, Kingsclere Close, SW15 4EY
225,500
20/03/2009
18, Elmshaw Road, SW15 5EL
265,000
20/03/2009
241, Clarence Lane, SW15 5PZ
200,000
20/03/2009
94, 1 Queen Marys House, Holford Way, SW15 5DU
458,250
20/03/2009
12, Larpent Avenue, SW15 6UP
1,268,750
18/03/2009
42, Bowness Crescent, SW15 3QL
250,000
17/03/2009
Ground Floor Flat, 77, Disraeli Road, SW15 2DR
386,000
13/03/2009
11, Chepstow Close, SW15 2HG
426,500
13/03/2009
Flat 5, 66, Upper Richmond Road, SW15 2RP
380,000
13/03/2009
Flat 7, 100, Friars Avenue, SW15 3DU
132,500
12/03/2009
73, 1 Queen Marys House, Holford Way, SW15 5DU
415,000
11/03/2009
Flat 103, 25 Putney Wharf, Brewhouse Lane, SW15 2JX
1,835,000
09/03/2009
Flat 7, 401 Roehampton Wick, Upper Richmond Road, SW15 5QW
300,000
06/03/2009
26, 1 Queen Marys House, Holford Way, SW15 5DH
350,000
06/03/2009
Flat 54, Hill Court, Putney Hill, SW15 6BB
275,000
06/03/2009
Flat 12, 42 Paramount Apartments, Putney Hill, SW15 6AQ
450,000
06/03/2009
Flat 11, 35, Keswick Road, SW15 2EW
480,000
04/03/2009
44, Robin Hood Lane, SW15 3PY
700,000
02/03/2009

 

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 26, 2009

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