Local Estate Agent Reports Busiest Month in 30 Years
Prices drift lower toward end of 2012 but January is 'a boom month'
A local estate agent is suggesting that property buyers ignore recently released figures showing prices in Putney were drifting lower at the end of 2012 and focus on current 'boom' conditions which have seen the busiest time for his office in the thirty years of its existence.
The latest information released by the Land Registry shows that the average price of a home sold in the SW15 post code area has continued to fall in the autumn and winter of last year.
77 homes changed hands since the end of September 2012 at an average price of £519,368. This is down on the average seen in the third quarter of 2012 which was £562,656.
7 of the properties sold in the period went for over £1,000,000 with the most expensive of all being a home on Drybrugh Road which cost its new owners £2,069,000.
Local agent Allan Fuller commented on the figures:
"The fact that this report show a small decrease in average prices is really only a quirk of statistics, if the average price has been slightly more the result would have been different. What is more worthwhile to focus on is that an appreciable amount of property changed hands in this period, traditionally not the busiest time in property.
"It is more relevant to read the statistic of a 7% increase in London prices, as this would be far closer to our experience in 2012 for the Putney area.
"Also when we are still in recessionary times for any suburb to have such high average property values shows the underlying strength and desirability of our area. Certainly this is more than borne out by the strength of demand for all types of property in my office. In fact we need far more available property to satisfy the demand that we have!
He continued, "January has for us been something of a boom month, combining the number of sales and lettings deals that we have agreed it has been our busiest month for new business in our 30 years of existence, certainly confirming how popular our town is!
"So for anyone thinking of a move don’t be worried by one set of figures, for a true reflection of what is really happening why not drop in for a chat and a coffee and we can discuss any aspect of property in detail. "
The October data from Land Registry's flagship House Price Index shows an annual price increase of 1.1 per cent which takes the average property value in England and Wales to £161,605. This is marginally up on the previous month. London continues to be the area of the country with the fastest rising prices up by 7.0 per cent over the last year.
The most up-to-date figures available show that during August 2012, the number of completed house sales in England and Wales decreased by 3 per cent to 62,291 compared with 64,417 in August 2011.
The number of properties sold in England and Wales for over £1 million in August 2012 increased by 12 per cent to 843 from 753 in August 2011.
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 - October/November 2012
| Deed Date | Address | Price (£) |
|---|---|---|
| 23/11/2012 | 13 Malbrook Road, SW15 6UH | 1,200,000 |
| 16/11/2012 | 20 Festing Road, SW15 1LP | 1,040,000 |
| 16/11/2012 | Flat 5, Grosvenor Court, Rayners Road, SW15 2AX | 400,000 |
| 16/11/2012 | Flat 1, 47 Montserrat Road, SW15 2LE | 740,100 |
| 16/11/2012 | 28 Galveston Road, SW15 2SA | 1,150,000 |
| 16/11/2012 | 228 Tildesley Road, SW15 3BG | 241,000 |
| 16/11/2012 | 128 Stroud Crescent, SW15 3EH | 145,000 |
| 16/11/2012 | Flat 7, Gloucester House, 21 Scott Avenue, SW15 3PB | 435,000 |
| 14/11/2012 | Flat D201, Gilbert Scott Building, Scott Avenue, SW15 3ST | 400,000 |
| 13/11/2012 | Flat 3, Paramount Apartments, 42 Putney Hill, SW15 6AQ | 620,000 |
| 12/11/2012 | Flat 12, 2 St. John's Avenue, SW15 2AG | 480,000 |
| 12/11/2012 | Flat 5, 40 Carlton Drive, SW15 2DG | 720,000 |
| 09/11/2012 | First Floor Flat At, 38 Bendemeer Road, SW15 1JU | 495,000 |
| 09/11/2012 | Flat 2, Grayswood Point, Norley Vale, SW15 4BT | 184,000 |
| 08/11/2012 | 37b Montserrat Road, SW15 2LD | 585,000 |
| 08/11/2012 | Flat E501, Gilbert Scott Building, Scott Avenue, SW15 3ST | 425,000 |
| 07/11/2012 | Flat 6, Gloucester House, 21 Scott Avenue, SW15 3PB | 365,000 |
| 05/11/2012 | Flat 33, Castle Court, 1 Brewhouse Lane, SW15 2JJ | 332,500 |
| 05/11/2012 | Flat 12, Belvedere Court 372-374, Upper Richmond Road, SW15 6HY | 295,000 |
| 02/11/2012 | 41 Dryburgh Road, SW15 1BN | 2,069,000 |
| 02/11/2012 | 88 Disraeli Road, SW15 2DX | 850,000 |
| 02/11/2012 | 72b Oakhill Road, SW15 2QP | 347,500 |
| 02/11/2012 | Flat 18, Downholme 101-107, Upper Richmond Road, SW15 2TH | 340,000 |
| 02/11/2012 | Flat 1, Hedley Court, Putney Hill, SW15 3NS | 250,000 |
| 02/11/2012 | Flat 11, Egbury House, Tangley Grove, SW15 4EL | 135,000 |
| 02/11/2012 | Flat 35, Ormonde Court, Upper Richmond Road, SW15 6TW | 210,000 |
| 01/11/2012 | 239 Hayward Gardens, SW15 3BU | 231,000 |
| 01/11/2012 | Flat 9, Pine Lodge, 1 Whitefield Close, SW15 3SS | 245,000 |
| 31/10/2012 | Flat 10, Kings Court, 1 Bessborough Road, SW15 4AB | 232,000 |
| 31/10/2012 | 1 Elmshaw Road, SW15 5EL | 390,000 |
| 29/10/2012 | 96 Disraeli Road, SW15 2DX | 885,000 |
| 29/10/2012 | 305 Upper Richmond Road, SW15 6SS | 575,000 |
| 26/10/2012 | 437c Upper Richmond Road, SW15 5QY | 315,000 |
| 26/10/2012 | 17 Erpingham Road, SW15 1BE | 1,160,000 |
| 26/10/2012 | Flat 9, Forrest House, Horne Way, SW15 1HU | 250,000 |
| 26/10/2012 | Flat 20, Avershaw House, 1 Chartfield Avenue, SW15 6AD | 370,000 |
| 24/10/2012 | 16, Knox House, Horne Way, SW15 1JA | 249,950 |
| 24/10/2012 | Flat 38, Highlands Heath, Portsmouth Road, SW15 3TR | 440,000 |
| 24/10/2012 | 201 Roehampton Lane, SW15 4HN | 662,000 |
| 23/10/2012 | 127 Disraeli Road, SW15 2DZ | 780,000 |
| 22/10/2012 | Flat 5, Dryburgh Court, 1 Dryburgh Road, SW15 1BN | 585,000 |
| 22/10/2012 | 32 Sunnymead Road, SW15 5HY | 358,250 |
| 19/10/2012 | Ground Floor Flat At, 51 Oakhill Road, SW15 2QJ | 495,000 |
| 19/10/2012 | 42 Aubyn Square, SW15 5NT | 600,000 |
| 19/10/2012 | 2 Salvin Road, SW15 1DR | 522,500 |
| 19/10/2012 | Flat 18, Court Royal, Carlton Drive, SW15 2BJ | 215,000 |
| 19/10/2012 | 7 Lytton Grove, SW15 2EP | 410,000 |
| 19/10/2012 | 12 Cavalry Gardens, SW15 2QQ | 855,000 |
| 19/10/2012 | Flat 18, Highlands Heath, Portsmouth Road, SW15 3TR | 362,500 |
| 19/10/2012 | 52 Dover House Road, SW15 5AU | 260,000 |
| 19/10/2012 | 120 Swinburne Road, SW15 5EH | 435,000 |
| 15/10/2012 | 1 Brett House Close, SW15 3JD | 200,000 |
| 12/10/2012 | Ground Floor Flat, 105 Putney Bridge Road, SW15 2PA | 575,000 |
| 12/10/2012 | 8 Mascotte Road, SW15 1NN | 755,000 |
| 12/10/2012 | Flat 18, Hedley Court, Putney Hill, SW15 3NS | 215,000 |
| 12/10/2012 | 236 Kingston Vale, SW15 3PT | 800,000 |
| 12/10/2012 | Flat G, 5 Colinette Road, SW15 6QG | 600,000 |
| 11/10/2012 | 4 Skelgill Road, SW15 2EF | 582,000 |
| 11/10/2012 | 42 Holmbush Road, SW15 3LE | 380,000 |
| 10/10/2012 | 46 Hotham Road, SW15 1QJ | 1,350,000 |
| 10/10/2012 | Flat 2, 78-80, West Hill, SW15 2UJ | 440,000 |
| 08/10/2012 | 31 Stockhurst Close, SW15 1NB | 305,000 |
| 08/10/2012 | 14 Pembridge Place, SW15 2QE | 667,500 |
| 05/10/2012 | 50b Putney High Street, SW15 1SQ | 430,000 |
| 05/10/2012 | 13 Disraeli Gardens, SW15 2QB | 660,000 |
| 05/10/2012 | Flat 55, Heath Royal, 30 Kersfield Road, SW15 3HA | 340,000 |
| 05/10/2012 | Flat 3, 162 West Hill, SW15 3SR | 380,000 |
| 05/10/2012 | 25 Coalecroft Road, SW15 6LW | 1,440,000 |
| 05/10/2012 | Flat 36, Ormonde Court, Upper Richmond Road, SW15 6TW | 230,000 |
| 03/10/2012 | 10 Mere Close, SW15 3HX | 240,000 |
| 03/10/2012 | Flat 12, Pine Lodge, 1 Whitefield Close, SW15 3SS | 333,000 |
| 03/10/2012 | Flat 14, Maple Lodge, Whitefield Close, SW15 3SS | 360,000 |
| 02/10/2012 | 14 Mascotte Road, SW15 1NN | 675,000 |
| 02/10/2012 | 34 Parkstead Road, SW15 5AP | 350,000 |
| 02/10/2012 | Flat 8, Lime Court, 2 Gipsy Lane, SW15 5RJ | 408,000 |
| 02/10/2012 | Flat 54, Hill Court, Putney Hill, SW15 6BB | 498,000 |
| 01/10/2012 | 16 Henty Walk, SW15 5AG | 440,500 |
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.
February 1, 2013
