SW15 Property Prices Fall From Historic Highs
Recent months sees average retreat from record levels
The summer months seem to have marked a peak for SW15 property prices with home values falling back since then.
During September and October the average property price level has dropped to just under £600,000 have been above £700,000 in July and August. The third quarter of the year saw prices in Putney and Roehampton reach their highest ever level.
There have been 114 transaction reported to the Land Registry since the beginning of September, 114 of which were in the million pound plus price bracket.
The most expensive home sold in this period was a house on Tideswell Road which cost its new owners £2,285,000
The September data from Land Registry's House Price Index shows that London remains the best performing property market in England and Wales. The average price of a home in the capital rose by 9.3% over the year to £393,462.
Local agent Allan Fuller told PutneySW15.com:
"These are fascinating statistics, I had expected to see an increase in values this year but no one foresaw that property values would rocket in the way they have. It proves conclusively that we all want to own our own home, despite predictions that there would be a trend to long term renting. The combination of an improving economy, especially in London, and incredibly low interest rates have brought home ownership back in to the limelight.
He continued: "We have sold nearly 3 times the amount of property this year compared to 2012, and even this close to Christmas we are inundated with enquiries. As always a snapshot of results can distort the real situation. There are slightly less very high prices sales, probably because to market over two million is slowed by people being put off by the 7% stamp duty, but everywhere else activity has been incredible. A rise of 9.3% is overall in London, but that is an average and we can show that some properties in Putney have increased in value by almost 20% and we have consistently achieved results that have amazed our clients.
And the future? Allan said: "So what will happen in 2014? Our view is that demand will remain just as strong, however the rate of increase is likely to be slower, but as hopefully the economic conditions continue to improve the success of London will filter out across more of the country, Putney will, as always be in the vanguard of what is happening, it just keeps getting more popular as a place to live. If 2014 is the year you might be moving the current market might seem confusing, but it’s nothing new to us, after 30 years in Putney we have seen every sort of market, so for sensible down to earth advise why not drop in for a friendly chat and a coffee or give us a call?"
Jon Pishiri, RICS London residential spokesperson commented: “Increasing demand and continuing low supply are major determinants in London prices being pushed up. The Help to Buy initiative coupled with rising rental values are further encouraging people to purchase a house as opposed to renting. There is an obvious need to increase supply to the market in order to address this problem.”
For the country as a whole prices rose by 3.4% which takes the average property value in England and Wales to £167,063. Repossession volumes decreased by 28 per cent in July 2013 to 1,187 compared with 1,645 in July 2012.
The number of properties sold in England and Wales for over £1 million in July 2013 increased by 34 per cent to 1,143 from 852 in July 2012.
Properties Sold in SW15 - September/October 2013 |
||
|---|---|---|
| Deed Date | Address | Price (£) |
| 25/10/2013 | Flat 31, Rushmere House, Fontley Way, SW15 4LZ | 172,500 |
| 24/10/2013 | Flat 15, Lime Court, 2 Gipsy Lane, SW15 5RJ | 391,000 |
| 22/10/2013 | 142a West Hill, SW15 3SR | 498,950 |
| 21/10/2013 | Flat 7, 41 Carlton Drive, SW15 2DG | 772,500 |
| 18/10/2013 | Flat 37, Kersfield House, 11 Kersfield Road, SW15 3HJ | 294,000 |
| 18/10/2013 | Flat 21, Gloucester House, 21 Scott Avenue, SW15 3PB | 532,500 |
| 17/10/2013 | Flat 63, Kersfield House, 11 Kersfield Road, SW15 3HJ | 483,000 |
| 17/10/2013 | Flat 2, 58 Schubert Road, SW15 2QS | 332,000 |
| 16/10/2013 | 91a Norroy Road, SW15 1PH | 531,298 |
| 16/10/2013 | 3 Redgate Terrace, SW15 2ES | 445,000 |
| 16/10/2013 | 71 Ullswater Crescent, SW15 3RE | 810,000 |
| 14/10/2013 | 61 Woking Close, SW15 5LA | 315,000 |
| 11/10/2013 | 16 Ruvigny Gardens, SW15 1JR | 1,345,000 |
| 11/10/2013 | 19 Gladwyn Road, SW15 1JY | 1,250,000 |
| 11/10/2013 | Flat 12, Fairburn Court, St. John's Avenue, SW15 2AU | 521,995 |
| 11/10/2013 | Flat C, 221 Putney Bridge Road, SW15 2PX | 615,000 |
| 11/10/2013 | Flat C, 172 West Hill, SW15 3SL | 477,500 |
| 11/10/2013 | 76 Dowdeswell Close, SW15 5RL | 350,000 |
| 11/10/2013 | Flat C, Estate House 225-231, Upper Richmond Road, SW15 6SJ | 320,000 |
| 10/10/2013 | Flat 21, Lime Court, 2 Gipsy Lane, SW15 5RJ | 362,000 |
| 08/10/2013 | Flat 5, 30 Atney Road, SW15 2PS | 425,000 |
| 08/10/2013 | Flat 24, Eashing Point, Wanborough Drive, SW15 4AN | 192,000 |
| 07/10/2013 | Flat A402, Gilbert Scott Building, Scott Avenue, SW15 3SG | 440,000 |
| 07/10/2013 | Flat 2, 94 Disraeli Road, SW15 2DX | 435,000 |
| 04/10/2013 | 58 Fawe Park Road, SW15 2EA | 1,000,000 |
| 04/10/2013 | Flat 13, Hedley Court, Putney Hill, SW15 3NS | 380,000 |
| 04/10/2013 | Flat F106, Gilbert Scott Building, Scott Avenue, SW15 3SG | 580,000 |
| 04/10/2013 | Flat 58, Belvedere Court 372-374, Upper Richmond Road, SW15 6HZ | 405,000 |
| 03/10/2013 | Flat 26, Wildcroft Manor, Wildcroft Road, SW15 3TT | 616,000 |
| 01/10/2013 | 3 Dryburgh Road, SW15 1BN | 2,175,000 |
| 30/09/2013 | Flat 17, Windermere, Lytton Grove, SW15 2ER | 556,000 |
| 30/09/2013 | 17 Rusholme Road, SW15 3JX | 1,900,000 |
| 30/09/2013 | 111 Roehampton Vale, SW15 3PG | 610,000 |
| 30/09/2013 | 21 Parkstead Road, SW15 5HS | 460,000 |
| 30/09/2013 | 108 Dowdeswell Close, SW15 5RL | 345,000 |
| 30/09/2013 | Flat 108, Ormonde Court, Upper Richmond Road, SW15 6TR | 299,950 |
| 27/09/2013 | Flat 25, Kenilworth Court, Lower Richmond Road, SW15 1EW | 340,000 |
| 27/09/2013 | 4 Thornhill Mews, Deodar Road, SW15 2NE | 949,999 |
| 27/09/2013 | 10a Burstock Road, SW15 2PW | 520,000 |
| 27/09/2013 | 15 Pembridge Place, SW15 2QE | 750,000 |
| 27/09/2013 | 160 Hayward Gardens, SW15 3BX | 227,500 |
| 27/09/2013 | Flat 10, South Court, 28 Kersfield Road, SW15 3HQ | 351,700 |
| 27/09/2013 | Flat 34, Lane End, 196 West Hill, SW15 3SH | 237,500 |
| 27/09/2013 | Flat 31, Highlands Heath, Portsmouth Road, SW15 3TR | 399,950 |
| 27/09/2013 | 2 Petersfield Rise, SW15 4AE | 321,000 |
| 27/09/2013 | Flat 30, Cadnam Point, Dilton Gardens, SW15 4BY | 172,500 |
| 27/09/2013 | Flat 15, Fairacres, Roehampton Lane, SW15 5LX | 1,200,000 |
| 27/09/2013 | 7 Kingslawn Close, SW15 6QJ | 830,000 |
| 27/09/2013 | Flat 1, 33 Larpent Avenue, SW15 6UU | 499,000 |
| 27/09/2013 | Top Floor Flat, 89 Erpingham Road, SW15 1BJ | 547,500 |
| 27/09/2013 | 32, Queen Marys House, 1 Holford Way, SW15 5DH | 499,950 |
| 26/09/2013 | Flat 1, 72 Schubert Road, SW15 2QS | 700,000 |
| 26/09/2013 | 16 Robin Hood Way, SW15 3PH | 396,999 |
| 26/09/2013 | 47 Derwent Avenue, SW15 3RA | 650,000 |
| 26/09/2013 | Flat 3, 6 Chartfield Avenue, SW15 6HF | 405,000 |
| 25/09/2013 | 28 Burstock Road, SW15 2PW | 435,000 |
| 25/09/2013 | Penthouse Flat, 3 Cherrywood Drive, SW15 6DS | 387,500 |
| 24/09/2013 | Flat 8, Lorne Court, 51 Putney Hill, SW15 6RX | 485,000 |
| 23/09/2013 | 63 Hayward Gardens, SW15 3BZ | 295,000 |
| 23/09/2013 | Flat A504, Gilbert Scott Building, Scott Avenue, SW15 3SG | 580,000 |
| 23/09/2013 | 9 Sherfield Gardens, SW15 4PB | 227,000 |
| 20/09/2013 | Flat 15, Oakhill Court, Upper Richmond Road, SW15 2QH | 625,000 |
| 20/09/2013 | 98 Frensham Drive, SW15 3EF | 195,000 |
| 20/09/2013 | Flat B, 16 Oxford Road, SW15 2LF | 517,000 |
| 20/09/2013 | 221 Clarence Lane, SW15 5PZ | 242,500 |
| 19/09/2013 | Flat 12, Fareham House, Bessborough Road, SW15 4BQ | 215,000 |
| 19/09/2013 | Flat 47, Percy Laurie House, 217 Upper Richmond Road, SW15 6SY | 475,000 |
| 17/09/2013 | 19 Westhorpe Road, SW15 1QH | 1,395,000 |
| 17/09/2013 | 57 Disraeli Road, SW15 2DR | 1,255,000 |
| 17/09/2013 | 27 St. Margarets Crescent, SW15 6HL | 782,500 |
| 17/09/2013 | 2 Tideswell Road, SW15 6LJ | 2,285,000 |
| 16/09/2013 | Flat 6, White Court, West Hill, SW15 3JB | 395,000 |
| 13/09/2013 | Flat 3, 4-6, Oxford Road, SW15 2LF | 570,000 |
| 13/09/2013 | Flat 49, Wildcroft Manor, Wildcroft Road, SW15 3TT | 710,000 |
| 13/09/2013 | 13 Howards Lane, SW15 6NX | 1,900,000 |
| 13/09/2013 | 8 Kingslawn Close, SW15 6QJ | 805,000 |
| 13/09/2013 | Flat 18, Ormonde Court, Upper Richmond Road, SW15 6TW | 311,000 |
| 13/09/2013 | 60 Disraeli Road, SW15 2DS | 500,000 |
| 12/09/2013 | 45 Bendemeer Road, SW15 1JX | 1,125,000 |
| 12/09/2013 | Flat B, 8 Carlton Drive, SW15 2BZ | 422,000 |
| 12/09/2013 | Flat 4, 78-80, West Hill, SW15 2UJ | 439,950 |
| 12/09/2013 | 9 Florence Terrace, SW15 3RU | 290,000 |
| 12/09/2013 | Flat 134, Highlands Heath, Portsmouth Road, SW15 3TZ | 425,000 |
| 12/09/2013 | 233 Dover House Road, SW15 5AF | 443,000 |
| 12/09/2013 | 29 Holford Way, SW15 5GB | 359,000 |
| 12/09/2013 | Flat 12, Cromwell House, Aubyn Square, SW15 5NF | 250,000 |
| 10/09/2013 | 48 Werter Road, SW15 2LJ | 570,000 |
| 09/09/2013 | 105 Innes Gardens, SW15 3AE | 174,000 |
| 06/09/2013 | Flat 1, Hotham Hall, 1 Hotham Road, SW15 1QS | 890,000 |
| 06/09/2013 | Flat 27, Marlin House, 22 St. John's Avenue, SW15 2AA | 625,000 |
| 06/09/2013 | Flat 3, Claremont 14-16, St. John's Avenue, SW15 2AB | 565,000 |
| 06/09/2013 | 26 Bective Road, SW15 2QA | 775,000 |
| 06/09/2013 | 7 Normanby Close, SW15 2RL | 540,000 |
| 06/09/2013 | Flat 2, Hannay House, 23 Scott Avenue, SW15 3PD | 144,000 |
| 06/09/2013 | Flat 32, Holmsley House, Tangley Grove, SW15 4EH | 159,995 |
| 06/09/2013 | 139 Woking Close, SW15 5LD | 279,000 |
| 06/09/2013 | Flat 18, Halford House, Whitnell Way, SW15 6DE | 250,000 |
| 06/09/2013 | Flat 4, Elystan Court, Howards Lane, SW15 6QH | 399,950 |
| 06/09/2013 | Flat 74, Percy Laurie House, 217 Upper Richmond Road, SW15 6SY | 512,000 |
| 05/09/2013 | 25 Ashlone Road, SW15 1LS | 945,000 |
| 05/09/2013 | 51 Bowness Crescent, SW15 3QN | 620,000 |
| 05/09/2013 | Flat 56, Dunbridge House, Highcliffe Drive, SW15 4QD | 145,000 |
| 05/09/2013 | 17b Westleigh Avenue, SW15 6RF | 418,500 |
| 04/09/2013 | 28a Ruvigny Gardens, SW15 1JR | 840,000 |
| 04/09/2013 | 48 Hotham Road, SW15 1QJ | 1,315,000 |
| 04/09/2013 | 9 Deodar Road, SW15 2NP | 495,000 |
| 04/09/2013 | Flat 2, South Court, 28 Kersfield Road, SW15 3HQ | 355,000 |
| 04/09/2013 | St. Annes, 10 Woodborough Road, SW15 6PZ | 1,250,000 |
| 03/09/2013 | 7 Mascotte Road, SW15 1NN | 866,000 |
| 03/09/2013 | Flat 73, March Court, Warwick Drive, SW15 6LD | 206,750 |
| 02/09/2013 | 18 Fanthorpe Street, SW15 1DZ | 1,175,000 |
| 02/09/2013 | 4 Heath Rise, Kersfield Road, SW15 3HF | 995,000 |
| 02/09/2013 | 183 Danebury Avenue, SW15 4DH | 218,000 |
| 02/09/2013 | 32 Dover House Road, SW15 5AU | 575,000 |
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.
January 15, 2014