Last Hurrah for Putney Property?

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Official numbers show SW15 average home just under half a million

The latest quarterly data from the Land Registry is showing that prices in the Putney area rose by 19.1% in the latest period. The average home in SW15 now costs £498,976.

This is the highest number ever recorded and reflects a strong showing across all sectors of the market. The average Putney terrace now goes for £622,422 and if you live in the SW15 6 post code sector the average is £833,333..

The average was driven up by brisk turnover at the top end of the market. Multi-million pound houses in Roehampton saw particularly high activity but it wasn't just luxury properties that were moving quickly, local flat prices appear to have risen sharply over the last twelve months.

There is concern amongst many market observers that this may be the peak in the property market with increases in interest rates having little time to take effect the transactions that are represented in this data which is from the second quarter of this year.


Nationally properties were up by 9.2% over the last year to an average price of £181,227. London saw the average property costing £339,638 up by 16.0% according to the Land Registry house price index.

Putney Property Prices - April - June 2007

Area	Detached	Sales	Semi-Det	Sales	Terrace	Sales	Flat/Mais	Sales	Overall	Total
SW15 1	0	0	1,049,583	6	794,744	17	333,197	36	539038	59
SW15 2	0	0	786,250	4	673,170	12	400,227	60	463640	76
SW15 3	1,455,000	5	763,000	5	582,716	6	360,412	97	438462	113
SW15 4	0	0	0	0	327,790	5	188,500	23	213373	28
SW15 5	3,705,000	5	496,300	5	398,904	11	246,980	20	739855	41
SW15 6	1,675,000	5	1,365,518	4	833,333	3	369,011	39	602520	51
Overall	2278333	15	883378	24	622442	54	344128	275	498976	368
Last quarter	62.4%	400.0%	17.8%	4.3%	8.0%	-5.3%	7.9%	19.0%	22.4%	17.2%
Last year	44.3%	50.0%	-1.0%	-7.7%	19.4%	-25.0%	34.8%	44.0%	19.1%	23.1%
Last 3 years	95.9%	-6.3%	35.7%	26.3%	34.9%	-28.0%	37.2%	-9.2%	45.6%	-10.9%

 

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.

August 21, 2008