Putney Property Sales - March 2012
Renewed demand for larger homes boosts average price
Buyers in the local area seem to have acquired a renewed appetite for larger properties according to the latest official data.
The Land Registry have published information which shows that 94 properties were sold in the SW15 post code area since the beginning of March ten of which went for over £1,000,000.
The most expensive property changing hands during the month went for £3,100,000 on Ravenna Road.
Higher priced sales drove the average price up to £559,016 back towards the peak levels for the area.
The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £160,372. London remains the best performing area in the country with prices rising by 0.7% to £343,522 over the same period although it is down on the previous month.
The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13% to 42,511 compared to 37,584 in January 2011.
Jonathan Mills of Parkgate estate agents on the Lower Richmond Rd said:
“The family housing market is still the big winner of the year as this data suggests. With our last three family style houses going to sealed bids it does show that the demand for the £1,000,000 plus bracket is still plentiful. The lack of stock is allowing these current prices to sustain as when something attractive comes to market there are plenty fighting for it in our recent experience.
He continued: " The situation ,as of today, is still the same with houses getting more demand than flats, although as always this is property specific. Enquiries for buying are up across the board as the families go for the schools and rental investors put their money in to our area due to the stability of prices and underlying demand for both selling and renting.
The only chance of seeing prices softening is if more stock comes to the market as, despite the national trend, Putney has and will be driven by local factors. With excellent schools, good transport links and the river it is little wonder why the area is so popular. As a local myself I am biased, of course, but the facts do speak for themselves!”
Local agent for over 30 years, Allan Fuller commented on the latest sales figures: "The latest statistics for property sales in our area again prove that Putney bears little resemblance to much of the UK. We could almost be described as living in our own bubble! Certainly from the activity in my office this year you would hardly know there is a recession going on!
The fact is that London, and popular areas like Putney are attracting plenty of people who want to live here. The capital is seen as a safe haven by so many people who are buying in to the UK because of either financial or political instability in their home countries, and sadly for the world these circumstances show no signs of abating. Whilst we may not see a big influx of overseas buyers here there is certainly a trickledown effect from Central London.
He continued: "
I may be biased working and living in this town, but we have always enjoyed the best of both worlds, great communications to heart of town, the River Thames and hundreds of acres of open spaces on our doorstep, so no wonder buyers flock here! It is interesting to see so much demand for houses, there are simply not enough, and apart from very rare exceptions no more can be created, so it is just the law of supply and demand that is boosting prices. Whilst the economic conditions do not allow a boom market with prices escalating out of control values certainly will remain stable and show growth unless something cataclysmic happens. It all proves that buying property, in the right location, is still the finest investment you can make, the fact that we are in such a great place to live just adds to the attraction."
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database. The latest reported sales are given in the table below.
Properties Sold in SW15 - March 2012
| Address | Price (£) | Deed Date |
| 51 - 53, Flat B, Schubert Road, SW15 2QT | 535,000 |
30/03/2012 |
| Hannay House, 23, Flat 72, Scott Avenue, SW15 3PD | 250,000 |
30/03/2012 |
| Exeter House, Flat 67, Putney Heath, SW15 3SX | 395,000 |
30/03/2012 |
| 2, Maclaren Mews, SW15 1UA | 725,000 |
30/03/2012 |
| 42, Vanneck Square, SW15 5DX | 390,000 |
30/03/2012 |
| 23, Ground Floor Flat, Salvin Road, SW15 1DR | 445,000 |
28/03/2012 |
| Harwood Court, Flat 501, Upper Richmond Road, SW15 6JE | 310,000 |
28/03/2012 |
| 6, Embankment, SW15 1LB | 2,550,000 |
28/03/2012 |
| 10, Gillis Square, SW15 5FG | 815,000 |
28/03/2012 |
| 30, Putney Park Lane, SW15 5HD | 415,000 |
28/03/2012 |
| 50, Granard Avenue, SW15 6HJ | 705,000 |
27/03/2012 |
| 11, Eastleigh Walk, SW15 4LQ | 293,000 |
27/03/2012 |
| 2, Rossdale Road, SW15 1AD | 1,500,000 |
26/03/2012 |
| 21, Blackett Street, SW15 1QG | 950,000 |
26/03/2012 |
| 24, Schubert Road, SW15 2QS | 330,000 |
23/03/2012 |
| Wellington House, 154 - 160, Flat 9, Upper Richmond Road, SW15 2SW | 292,500 |
23/03/2012 |
| Sycamore Lodge, 1, Flat 15, Gipsy Lane, SW15 5RH | 208,000 |
23/03/2012 |
| 22, Salvin Road, SW15 1DR | 492,500 |
23/03/2012 |
| 107, Flat 1, Lower Richmond Road, SW15 1EU | 396,000 |
23/03/2012 |
| 20, Flat A, Lower Richmond Road, SW15 1JP | 241,950 |
23/03/2012 |
| Harwood Court, Flat 206, Upper Richmond Road, SW15 6JG | 200,000 |
23/03/2012 |
| 143, Innes Gardens, SW15 3AE | 210,000 |
23/03/2012 |
| 14, Tildesley Road, SW15 3AS | 180,000 |
23/03/2012 |
| 29, Sefton Street, SW15 1NA | 740,000 |
23/03/2012 |
| 9, Gillis Square, SW15 5FG | 800,000 |
23/03/2012 |
| Kenilworth Court, Flat 124, Lower Richmond Road, SW15 1HB | 664,000 |
22/03/2012 |
| Blendworth Point, Flat 6, Wanborough Drive, SW15 4AL | 175,000 |
22/03/2012 |
| 1a, Ullswater Close, SW15 3RF | 1,675,000 |
22/03/2012 |
| 67, Innes Gardens, SW15 3AD | 232,000 |
21/03/2012 |
| 17, Tildesley Road, SW15 3AA | 165,500 |
21/03/2012 |
| 11, Carslake Road, SW15 3DB | 175,000 |
21/03/2012 |
| 469, Tildesley Road, SW15 3BE | 227,000 |
21/03/2012 |
| 4, Luttrell Avenue, SW15 6PF | 1,145,000 |
21/03/2012 |
| Westmore Court, 17 - 20, Flat 30, Carlton Drive, SW15 2BU | 360,000 |
19/03/2012 |
| 8, Gillis Square, SW15 5FG | 790,000 |
19/03/2012 |
| 93, Flat 1, Felsham Road, SW15 1BA | 499,950 |
16/03/2012 |
| 61, Flat A, Lower Richmond Road, SW15 1ET | 443,000 |
16/03/2012 |
| 36a, Quill Lane, SW15 1PD | 430,000 |
16/03/2012 |
| 14, Isis Close, SW15 6JY | 195,000 |
16/03/2012 |
| Belvedere Court, 372 - 374, Flat 9, Upper Richmond Road, SW15 6HY | 250,000 |
16/03/2012 |
| Putney Park House, 69, Flat 1, Pleasance Road, SW15 5HJ | 445,000 |
16/03/2012 |
| 6, Ravenna Road, SW15 6AW | 3,100,000 |
16/03/2012 |
| 10, Pentlow Street, SW15 1LX | 900,000 |
16/03/2012 |
| 63, Bowness Crescent, SW15 3QN | 631,000 |
16/03/2012 |
| 14, Rodway Road, SW15 5DS | 1,450,000 |
16/03/2012 |
| 22, Wymond Street, SW15 1DY | 1,050,000 |
16/03/2012 |
| 19, Gillis Square, SW15 5FG | 735,000 |
16/03/2012 |
| 43, Vale Crescent, SW15 3PJ | 168,000 |
15/03/2012 |
| 55, Woking Close, SW15 5LA | 212,500 |
15/03/2012 |
| 7, Flat 7, Rayners Road, SW15 2AY | 355,000 |
14/03/2012 |
| 3, Flat 5, Woodborough Road, SW15 6PX | 435,000 |
14/03/2012 |
| 35, Flat 9, Keswick Road, SW15 2EW | 300,000 |
12/03/2012 |
| 160, Huntingfield Road, SW15 5ES | 244,000 |
12/03/2012 |
| 49b, Rotherwood Road, SW15 1LA | 685,000 |
09/03/2012 |
| 51, Second Floor Flat At, Chelverton Road, SW15 1RN | 340,000 |
08/03/2012 |
| 20, Roskell Road, SW15 1DS | 785,000 |
08/03/2012 |
| 27, Gladwyn Road, SW15 1JY | 1,042,500 |
08/03/2012 |
| 25, Galveston Road, SW15 2RZ | 724,155 |
06/03/2012 |
| 100, Flat 2, Deodar Road, SW15 2NJ | 635,000 |
05/03/2012 |
| 51, Cambalt Road, SW15 6EL | 250,000 |
05/03/2012 |
| 16, Cherrywood Drive, SW15 6DS | 460,000 |
05/03/2012 |
| Mercury Mansions, Flat 6, Dryburgh Road, SW15 1BT | 362,000 |
02/03/2012 |
| Kenilworth Court, Flat 25, Lower Richmond Road, SW15 1EW | 250,000 |
02/03/2012 |
| 49, Bective Road, SW15 2QA | 710,000 |
02/03/2012 |
| 22, Gillis Square, SW15 5FG | 735,000 |
02/03/2012 |
| 164, Stroud Crescent, SW15 3EH | 185,000 |
01/03/2012 |
| 7, Pallister Terrace, SW15 3ER | 325,000 |
01/03/2012 |
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.
July 5, 2012
