Prices fall further from peak seen during the Summer
The average price of a property sold in the SW18 post code area during October and November was £508,306 according to the latest figures from the Land Registry.
This is down on September when prices averaged £517,900 and earlier in the Summer when the average briefly moved above £600,000.
Seven properties changed hands for over a million pounds during the two month period.
According to the Land Registry London property prices are up by 6.8% in November compared to last year. This is the slowest annual rise in 2010 but remains the highest level in the country.
This brings the average property price to £341,009, in comparison to the figure for England and Wales, which is £164,773.
Andrew Nunn of Andrew Nunn & Associates said, "The 2010 market witnessed some very healthy prices being achieved due to a scarcity of supply. This became more severe as the year developed with potential sellers failing to find suitable alternative property. Demand surpassed expectation with domestic buyers benefiting from the recovery of the London financial sector and overseas buyers benefiting from exchange rates and uncertain home economies.
"Prime property is selling for record prices whilst secondary and tertiary property is more price sensitive. Should interest rates rise by the middle of 2011, a likely scenario given current and future inflationary pressure, then more supply will inevitably come to the market. Once buyers see they have choice then the market will calm down and we will see single figure price appreciation. The message is clear should you be thinking of selling in 2011 then take well informed advice early in the year and do not be suckered in to "the highest price" - it may work against you and remember the sentiment in any market can change very quickly"
For the country as a whole November's data shows a fall of 0.6%. This is the third consecutive month in which prices have fallen. The annual house price growth rate has continued to decline for the sixth month in a row, with an increase of 2.2%. This is the smallest growth seen in 12 months.
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 SW18 - October 2010
| Address | Price (£) |
Deed Date |
| Gernigan House, Flat 22, Fitzhugh Grove, SW18 3SG | 220,000 |
29/10/2010 |
| Calico Court, 41, Flat 4, Merton Road, SW18 5SU | 244,000 |
29/10/2010 |
| 7, Steerforth Street, SW18 4HH | 265,000 |
29/10/2010 |
| 144, Ravensbury Road, SW18 4RU | 275,000 |
29/10/2010 |
| 7, The Limes, SW18 5HW | 275,000 |
29/10/2010 |
| 2b, West Hill, SW18 1SB | 295,000 |
29/10/2010 |
| 50 - 53, Denton Street, SW18 2JS | 300,000 |
29/10/2010 |
| 50 - 53, Denton Street, SW18 2JS | 300,000 |
29/10/2010 |
| 30c, North Side Wandsworth Common, SW18 2SL | 348,000 |
29/10/2010 |
| 243a, Flat 5, Wimbledon Park Road, SW18 5RJ | 360,000 |
29/10/2010 |
| 21a, Quinton Street, SW18 3QR | 380,000 |
29/10/2010 |
| 51a, Atheldene Road, SW18 3BN | 385,000 |
29/10/2010 |
| 91a, Penwith Road, SW18 4PY | 408,500 |
29/10/2010 |
| Kingfisher House, 14, Juniper Drive, SW18 1TX | 460,000 |
29/10/2010 |
| 63, Garrick Close, SW18 1JH | 465,000 |
29/10/2010 |
| 12, Swaffield Road, SW18 3AH | 500,000 |
29/10/2010 |
| 18, Wilna Road, SW18 3BA | 535,000 |
29/10/2010 |
| 65, Strathville Road, SW18 4QR | 550,000 |
29/10/2010 |
| 104, Strathville Road, SW18 4RE | 555,000 |
29/10/2010 |
| 50, Ballantine Street, SW18 1AL | 590,000 |
29/10/2010 |
| 74, St Anns Hill, SW18 2SB | 632,500 |
29/10/2010 |
| 30, Elborough Street, SW18 5DW | 721,000 |
29/10/2010 |
| 44, Denton Street, SW18 2JR | 310,000 |
28/10/2010 |
| Culver Court, Flat 7, Borrodaile Road, SW18 2LD | 250,000 |
27/10/2010 |
| 7a, Lebanon Gardens, SW18 1RQ | 440,000 |
27/10/2010 |
| 23, Bucharest Road, SW18 3AS | 648,500 |
27/10/2010 |
| 17, Littleton Street, SW18 3SZ | 625,000 |
26/10/2010 |
| 53, Littleton Street, SW18 3SZ | 748,000 |
26/10/2010 |
| 17c, Crealock Street, SW18 2BS | 266,000 |
25/10/2010 |
| 9, Nevinson Close, SW18 2TF | 560,000 |
25/10/2010 |
| 44, Frewin Road, SW18 3LP | 1,025,000 |
25/10/2010 |
| 26, Westover Road, SW18 2RQ | 1,935,000 |
25/10/2010 |
| Priscilla House, 145, Flat 6, Merton Road, SW18 5EQ | 125,000 |
22/10/2010 |
| 57, Flat 3, Allfarthing Lane, SW18 2AP | 280,000 |
22/10/2010 |
| 92, Lydden Grove, SW18 4LN | 311,000 |
22/10/2010 |
| 23, Fieldview, SW18 3HG | 345,000 |
22/10/2010 |
| 141, Ground Floor Flat, Earlsfield Road, SW18 3DD | 358,000 |
22/10/2010 |
| 126, Lower Maisonette, Merton Road, SW18 5SP | 455,000 |
22/10/2010 |
| 20, Coleford Road, SW18 1AD | 738,750 |
22/10/2010 |
| 79, Elborough Street, SW18 5DR | 750,000 |
22/10/2010 |
| 80, Apartment 6, North Side Wandsworth Common, SW18 2QX | 385,000 |
21/10/2010 |
| 45a, Trentham Street, SW18 5AS | 404,500 |
21/10/2010 |
| 23, Ballantine Street, SW18 1AL | 725,000 |
21/10/2010 |
| 11a, St Anns Crescent, SW18 2ND | 389,950 |
20/10/2010 |
| 8, Bucharest Road, SW18 3AR | 548,000 |
20/10/2010 |
| 38, Spencer Road, SW18 2SW | 1,625,000 |
20/10/2010 |
| 69, Flat 8, Melrose Road, SW18 1PG | 250,000 |
19/10/2010 |
| 94, Ravensbury Road, SW18 4RS | 370,000 |
19/10/2010 |
| 6, Wincanton Road, SW18 5TY | 493,000 |
19/10/2010 |
| 29, Heythorp Street, SW18 5BW | 582,500 |
19/10/2010 |
| 69, Elborough Street, SW18 5DR | 615,336 |
18/10/2010 |
| 47, Brathway Road, SW18 4BE | 285,000 |
15/10/2010 |
| 431, Merton Road, SW18 5LB | 305,000 |
15/10/2010 |
| Charterhouse Apartments, 21, 38, Eltringham Street, SW18 1AU | 340,000 |
15/10/2010 |
| 33, Apartment 10, Osiers Road, SW18 1NL | 355,000 |
15/10/2010 |
| 30a, Isis Street, SW18 3QN | 439,000 |
15/10/2010 |
| 9a, Birdhurst Road, SW18 1AR | 445,000 |
15/10/2010 |
| 26, Tranmere Road, SW18 3QQ | 482,000 |
15/10/2010 |
| 118, Elborough Street, SW18 5DL | 710,000 |
15/10/2010 |
| 23, Lavenham Road, SW18 5EZ | 780,000 |
15/10/2010 |
| 49, Flat 2, Kimber Road, SW18 4NX | 289,000 |
14/10/2010 |
| 77, Longfield Street, SW18 5RD | 305,000 |
14/10/2010 |
| 25, Ballantine Street, SW18 1AL | 575,000 |
14/10/2010 |
| 278, Flat 108, Magdalen Road, SW18 3NY | 297,500 |
13/10/2010 |
| 35, Ground Floor Flat At, Southfields Road, SW18 1QW | 473,200 |
13/10/2010 |
| 50, Wincanton Road, SW18 5TY | 557,000 |
13/10/2010 |
| 8, Loxley Road, SW18 3LJ | 673,000 |
13/10/2010 |
| 23, Twilley Street, SW18 4NU | 425,000 |
12/10/2010 |
| Chapelier House, 307, Eastfields Avenue, SW18 1LR | 395,000 |
11/10/2010 |
| 46, Lavenham Road, SW18 5HE | 595,000 |
11/10/2010 |
| 27, John Archer Way, SW18 2TR | 240,000 |
08/10/2010 |
| 103, John Archer Way, SW18 2TT | 265,000 |
08/10/2010 |
| 128, Flat B, Earlsfield Road, SW18 3DS | 305,000 |
08/10/2010 |
| 139a, Revelstoke Road, SW18 5NN | 320,000 |
08/10/2010 |
| 62, Tilehurst Road, SW18 3ET | 330,000 |
08/10/2010 |
| 21, 5 Charterhouse Apartments, Eltringham Street, SW18 1AU | 360,000 |
08/10/2010 |
| 6, Longstaff Road, SW18 4AY | 367,500 |
08/10/2010 |
| 278, Flat 301, Magdalen Road, SW18 3NY | 375,000 |
08/10/2010 |
| 152, Flat, Balvernie Grove, SW18 5RW | 410,500 |
08/10/2010 |
| The Coach House, 254, Earlsfield Road, SW18 3DY | 460,000 |
08/10/2010 |
| 13, Victoria Mews, SW18 3PY | 590,000 |
08/10/2010 |
| 14, Tonsley Road, SW18 1BG | 645,000 |
08/10/2010 |
| 7, Skelbrook Street, SW18 4EY | 650,000 |
08/10/2010 |
| 61, Earlsfield Road, SW18 3DA | 680,000 |
08/10/2010 |
| 22, Eglantine Road, SW18 2DD | 805,000 |
08/10/2010 |
| 23, Gressenhall Road, SW18 1PQ | 827,500 |
08/10/2010 |
| Baltimore House, 118, Juniper Drive, SW18 1TT | 549,950 |
07/10/2010 |
| 159, Penwith Road, SW18 4PZ | 370,000 |
06/10/2010 |
| 86, Engadine Street, SW18 5DT | 713,000 |
06/10/2010 |
| 8, Lion Gate Mews, SW18 5EN | 492,000 |
05/10/2010 |
| Parkview Court, 15, Flat 50, Broomhill Road, SW18 4JG | 325,000 |
04/10/2010 |
| 35, Quinton Street, SW18 3QR | 370,000 |
04/10/2010 |
| 27, Headington Road, SW18 3PR | 460,000 |
04/10/2010 |
| 11, Flat 3, Point Pleasant, SW18 1PT | 218,000 |
01/10/2010 |
| Edwyn House, Flat 102, Neville Gill Close, SW18 4BW | 220,000 |
01/10/2010 |
| Morville House, Flat 33, Fitzhugh Grove, SW18 3SD | 242,500 |
01/10/2010 |
| 20, Flat 26, Granville Road, SW18 5SL | 245,000 |
01/10/2010 |
| 128, First Floor Flat, Revelstoke Road, SW18 5PA | 249,500 |
01/10/2010 |
| 15, Crowthorne Close, SW18 5RX | 250,000 |
01/10/2010 |
| 3b, Delia Street, SW18 2BT | 265,000 |
01/10/2010 |
| 128a, Penwith Road, SW18 4QE | 310,000 |
01/10/2010 |
| 4, Flat 1, Huguenot Place, SW18 2EN | 335,000 |
01/10/2010 |
| 30, First And Second Floor Maisonette, Trefoil Road, SW18 2EQ | 395,150 |
01/10/2010 |
| 3a, Cromford Road, SW18 1NZ | 422,500 |
01/10/2010 |
| 51a, Wimbledon Park Road, SW18 5SJ | 427,500 |
01/10/2010 |
| 21, Jessica Road, SW18 2QL | 467,500 |
01/10/2010 |
| 18, Camborne Road, SW18 4BJ | 487,000 |
01/10/2010 |
| 102, St Anns Hill, SW18 2RR | 500,000 |
01/10/2010 |
| 24, Freshford Street, SW18 3TF | 600,000 |
01/10/2010 |
| 16, Marcilly Road, SW18 2HS | 675,000 |
01/10/2010 |
| 53, Loxley Road, SW18 3LL | 1,290,000 |
01/10/2010 |
Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by wandsworthsw18.com. Any use of these numbers should jointly attribute the Land Registry and wandsworthsw18.com.
April 5, 2011