SW15 home values fall sharply from previous month
After a record breaking month in November, the figures for December show that prices in the SW15 area have fallen back again. The average price for the December was £472,428 well down on the previous month and quarter.
Part of the reason for the fall seems to be a higher than usual proportion of flat sales as opposed to an overall fall in prices. Transactions at the top end of the market continued to go through with 5 homes selling for more than £1 million and one, in St. Margarets Crescent, going for £2,030,000.
According to the Land Registry London property prices are up by 6.2% in December compared to last year and 1% up on November 2010.
This brings the average property price to £342,325 in comparison to the figure for England and Wales, which is £163,814. Nationally prices fell marginally in December compared with the previous month and are now only 1.5% up on the year with many areas of the North experiencing price falls.
Nationwide's House Price index for December which is based on offer prices rather than actual sales like the Land Registry did show an increase.
Martin Gahbauer, Nationwide's Chief Economist, said, "When house prices are trending down only modestly rather than decisively – as has been the case in recent months – it is not unusual to a see a mixed pattern of monthly declines and occasional increases."
He added, "London and the South East saw particularly large price gains during this period (2010), as the scarcity of property was most acute in these regions. London will also have benefited from the strong recovery in the financial sector, which is an important driver of buyer confidence and housing demand in the capital."
The latest reported sales are given in the table below.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
Properties Sold in SW15 - December 2010
| Address | Price (£) | Deed Date |
| 24, Ground Floor Flat, Salvin Road, SW15 1DR | 450,000 |
30/12/2010 |
| 62, Westleigh Avenue, SW15 6XF | 354,000 |
23/12/2010 |
| 48, Fawe Park Road, SW15 2EA | 830,000 |
23/12/2010 |
| 70, Hazlewell Road, SW15 6UR | 455,000 |
22/12/2010 |
| 81, Flat 2, Felsham Road, SW15 1BA | 360,000 |
22/12/2010 |
| Lancaster House, Flat 7, Horne Way, SW15 1JB | 250,000 |
22/12/2010 |
| 98, Flat 1, Fawe Park Road, SW15 2EA | 355,000 |
22/12/2010 |
| 32, Flat C, Galveston Road, SW15 2SA | 250,000 |
21/12/2010 |
| 55, Flat 3, Schubert Road, SW15 2QT | 322,000 |
21/12/2010 |
| 49, Flat 4, Schubert Road, SW15 2QT | 416,000 |
21/12/2010 |
| Copse Court, Flat 11, Evenwood Close, SW15 2DE | 240,000 |
20/12/2010 |
| 13, Arnewood Close, SW15 4NR | 150,000 |
20/12/2010 |
| 22, Nursery Close, SW15 6AS | 345,000 |
20/12/2010 |
| George Court, 4, Norstead Place, SW15 3SA | 248,000 |
20/12/2010 |
| 70, Hotham Road, SW15 1QP | 1,187,500 |
20/12/2010 |
| Fairheathe, 43, Flat 18, Putney Hill, SW15 6QP | 375,000 |
17/12/2010 |
| Coniston Court, 5, Flat 9, Carlton Drive, SW15 2BZ | 173,000 |
17/12/2010 |
| Balliol House, Flat 2, Manor Fields, SW15 3LL | 400,000 |
17/12/2010 |
| George Court, 14, Norstead Place, SW15 3SA | 247,000 |
17/12/2010 |
| 32, Coalecroft Road, SW15 6LP | 745,950 |
17/12/2010 |
| 10, Landford Road, SW15 1AG | 1,051,500 |
17/12/2010 |
| Belvedere Court, 372 - 374, Flat 67, Upper Richmond Road, SW15 6HZ | 247,500 |
16/12/2010 |
| 24, Littlecombe Close, SW15 3HR | 240,000 |
16/12/2010 |
| 2a, Stanbridge Road, SW15 1DX | 200,000 |
16/12/2010 |
| 66, Flat 2, Norroy Road, SW15 1PG | 400,000 |
16/12/2010 |
| March Court, Flat 61, Warwick Drive, SW15 6LE | 350,000 |
15/12/2010 |
| 6, Fairfax Mews, SW15 6FF | 1,200,000 |
15/12/2010 |
| 13, Merivale Road, SW15 2NW | 945,000 |
15/12/2010 |
| 2, Mendez Way, SW15 5GA | 700,000 |
15/12/2010 |
| Belvedere Court, 372 - 374, Flat 62, Upper Richmond Road, SW15 6HZ | 297,000 |
14/12/2010 |
| Mayfield Mansions, 94, Flat 16, West Hill, SW15 2YB | 492,500 |
14/12/2010 |
| 160, Flat 2, West Hill, SW15 3SR | 272,500 |
14/12/2010 |
| Putney Park House, 69, Flat 8, Pleasance Road, SW15 5HJ | 445,000 |
14/12/2010 |
| Gilbert Scott Building, Flat B101, Scott Avenue, SW15 3ST | 580,000 |
13/12/2010 |
| 18, Lower Park, SW15 6QY | 475,000 |
10/12/2010 |
| 331, Flat B, Upper Richmond Road, SW15 6SX | 335,000 |
10/12/2010 |
| Ormonde Court, Flat 21, Upper Richmond Road, SW15 6TW | 220,000 |
10/12/2010 |
| 343, Flat 6, Upper Richmond Road, SW15 6XP | 240,000 |
10/12/2010 |
| Hindhead Point, Flat 43, Wanborough Drive, SW15 4AW | 170,000 |
10/12/2010 |
| Kenilworth Court, Flat 34, Lower Richmond Road, SW15 1EN | 249,950 |
10/12/2010 |
| 134, Putney Bridge Road, SW15 2NQ | 335,000 |
10/12/2010 |
| 15, Windermere Road, SW15 3QP | 421,000 |
10/12/2010 |
| 9, Glendarvon Street, SW15 1JS | 870,000 |
10/12/2010 |
| 3, Pembridge Place, SW15 2QE | 616,000 |
10/12/2010 |
| 23, The Pleasance, SW15 5HG | 410,000 |
10/12/2010 |
| Grosvenor Court, Flat 14, Rayners Road, SW15 2AX | 395,000 |
09/12/2010 |
| Criterion House, 38a, Flat 7, Putney Hill, SW15 6AQ | 458,000 |
09/12/2010 |
| 191, Putney Bridge Road, SW15 2NY | 548,000 |
09/12/2010 |
| 3, St Margarets Crescent, SW15 6HL | 2,030,000 |
08/12/2010 |
| Lincoln House, Flat 6, Keswick Road, SW15 2JS | 367,500 |
07/12/2010 |
| Mayfield Mansions, 94, Flat 5, West Hill, SW15 2YB | 496,000 |
06/12/2010 |
| 182b, Fawe Park Road, SW15 2EQ | 420,000 |
06/12/2010 |
| 10, Beauchamp Terrace, SW15 1BW | 950,000 |
06/12/2010 |
| 19, Oakhill Place, SW15 2QN | 623,000 |
06/12/2010 |
| 185, Dover House Road, SW15 5AE | 460,500 |
06/12/2010 |
| 7, Derwent Avenue, SW15 3RA | 685,000 |
03/12/2010 |
| 141, Innes Gardens, SW15 3AE | 228,000 |
03/12/2010 |
| 307, Flat 9, Upper Richmond Road, SW15 6SS | 455,000 |
03/12/2010 |
| Westmore Court, 17 - 20, Flat 36, Carlton Drive, SW15 2BU | 275,000 |
03/12/2010 |
| 151a, Fawe Park Road, SW15 2EG | 335,000 |
03/12/2010 |
| 40, Flat 3, Carlton Drive, SW15 2DG | 690,000 |
03/12/2010 |
| Blendworth Point, Flat 30, Wanborough Drive, SW15 4AL | 140,000 |
03/12/2010 |
| Cornerways, 1, Flat 3, Daylesford Avenue, SW15 5QP | 338,000 |
03/12/2010 |
| Braefoot Court, 7, Putney Hill, SW15 6AG | 335,000 |
03/12/2010 |
| 11, Winchelsea Close, SW15 6HE | 380,000 |
03/12/2010 |
| 44, Festing Road, SW15 1LP | 1,025,000 |
03/12/2010 |
| 188, Huntingfield Road, SW15 5ES | 327,000 |
03/12/2010 |
| 53, Medfield Street, SW15 4JY | 330,000 |
02/12/2010 |
| 241, Dover House Road, SW15 5AF | 383,000 |
02/12/2010 |
| Ross Court, Flat 11, Putney Hill, SW15 3NY | 670,000 |
01/12/2010 |
| Ashdown, 7, Flat 9, Cambalt Road, SW15 6EL | 282,000 |
01/12/2010 |
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 7, 2011