Lack of interest in million pound plus homes drives down price average
A lack of activity at the top end of the Wandsworth property market appears to be depressing price levels in the local area.
Since the beginning of February 133 properties have changed hands according to the Land Registry at an average price of £477,240. Only three of those properties sold for over £1,000,000, a very low proportion compared to the normal trend in the area.
This has led to the overall average remaining below the half a million mark having briefly risen above that level during the winter months.
The most expensive property sold during the period was on Rosehill Road and went for £2,650,000.
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.
Allan Fuller, estate agent in the area for over 30 years, said: "Finding fact from statistics is a great job for politicians, they are the experts in picking out the figures that suit them to prove whatever theory they want to peddle. So I will try and not appear too much like a politician! The difficulty I find with information from a small window of activity in property is that there are so many factors that can play a part. The time of year is particularly relevant for larger house sales because usually vendors wait until spring to put them on the market, so the sales will not feature in reports until later in the year. So when analysing these figures bear in mind it is for a period when traditionally fewer sales at the upper end of the market are happening. It will be interesting to see, but I am sure that later reports in 2012 will show greater levels of activity in the upper level. Certainly in my office there is no lack of buyers keen to find large houses.
Allan continued:
"
The good news locally is that more property is changing hands, values have recovered dramatically overall, and in many instances are back to, or even above levels at the end of the boom in 2007, which more than proves the immense popularity of the area, of course there will be fluctuations monthly in property, we are dealing with a commodity that in statistical terms provides a fairly small number of transactions, so a few more cheaper or more expensive sales will influence the result.
The real fact is that Wandsworth is a popular please to live, and is becoming increasingly so, London overall is a different economy to the rest of the UK, it is also attracting investment in property from so many corners of the globe as people see it as a safe haven from economic and political turmoil elsewhere, and sadly this is something that does not look like changing for a very long time.
So do not get concerned by a few months figures, property still is, and will continue to be long term the safest place to invest, and you can trust me, I’m not a politician!"
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 - March/April 2012
Address | Price (£) |
Deed Date |
71, Merton Road, SW18 5SY | 465,000 |
23/04/2012 |
635b, Garratt Lane, SW18 4SX | 224,000 |
20/04/2012 |
31, Heathfield Square, SW18 3HZ | 287,500 |
20/04/2012 |
57, Aslett Street, SW18 2BE | 500,000 |
20/04/2012 |
319, Flat 9, Trinity Road, SW18 3SL | 306,500 |
19/04/2012 |
11a, First Floor Flat, Replingham Road, SW18 5LT | 279,950 |
16/04/2012 |
16, Bucharest Road, SW18 3AR | 707,500 |
16/04/2012 |
309d, Trinity Road, SW18 3SN | 287,500 |
13/04/2012 |
309d, Trinity Road, SW18 3SN | 287,500 |
13/04/2012 |
47, Quinton Street, SW18 3QR | 430,000 |
13/04/2012 |
69, Astonville Street, SW18 5AW | 725,000 |
13/04/2012 |
83, Clonmore Street, SW18 5HD | 745,000 |
13/04/2012 |
2, Victoria Mews, SW18 3PY | 930,000 |
13/04/2012 |
Upper Maisonette, 109, Balvernie Grove, SW18 5RQ | 357,500 |
12/04/2012 |
5, Wimbledon Park Road, SW18 1LS | 377,500 |
12/04/2012 |
43, Tranmere Road, SW18 3QH | 390,000 |
12/04/2012 |
67, St Anns Crescent, SW18 2LP | 750,000 |
12/04/2012 |
Ensign House, Flat 50, Juniper Drive, SW18 1TA | 850,000 |
12/04/2012 |
37, Flat 5, West Hill, SW18 1RB | 250,000 |
11/04/2012 |
32, Sispara Gardens, SW18 1LQ | 1,400,000 |
11/04/2012 |
Florence Court, 1, 6, Wimbledon Park Road, SW18 1LS | 245,000 |
10/04/2012 |
52, Denton Street, SW18 2JS | 288,000 |
10/04/2012 |
121, Swaby Road, SW18 3PH | 525,000 |
10/04/2012 |
30, Fairfield Drive, SW18 1DL | 215,000 |
05/04/2012 |
65, Kingham Close, SW18 3BX | 300,000 |
05/04/2012 |
50, Balvernie Grove, SW18 5RU | 333,000 |
05/04/2012 |
10, Tonsley Hill, SW18 1BB | 815,000 |
05/04/2012 |
16a, Quinton Street, SW18 3QS | 442,000 |
04/04/2012 |
128, Lower Flat, Merton Road, SW18 5SP | 477,500 |
04/04/2012 |
80, Apartment 12, North Side Wandsworth Common, SW18 2QX | 650,000 |
04/04/2012 |
5, Wilna Road, SW18 3AY | 770,000 |
04/04/2012 |
61, Clonmore Street, SW18 5ET | 840,000 |
04/04/2012 |
17a, Cicada Road, SW18 2NN | 445,000 |
03/04/2012 |
40, Dawlish Avenue, SW18 4RW | 570,000 |
02/04/2012 |
60, Brookwood Road, SW18 5BY | 625,000 |
02/04/2012 |
25, Twilley Street, SW18 4NU | 670,000 |
02/04/2012 |
Merton House, Flat 15, Merton Road, SW18 5LA | 272,000 |
30/03/2012 |
14, Atheldene Road, SW18 3BW | 280,000 |
30/03/2012 |
80, Waldron Road, SW18 3TD | 410,000 |
30/03/2012 |
37, Tranmere Road, SW18 3QH | 410,000 |
30/03/2012 |
50, Camborne Road, SW18 4BJ | 543,000 |
30/03/2012 |
125, Trentham Street, SW18 5DH | 560,000 |
30/03/2012 |
37, Farlton Road, SW18 3BJ | 617,000 |
30/03/2012 |
185, Magdalen Road, SW18 3PB | 660,000 |
30/03/2012 |
18, Southfields Road, SW18 1QN | 895,000 |
30/03/2012 |
56, Wimbledon Park Road, SW18 5SH | 920,000 |
30/03/2012 |
17, Rosehill Road, SW18 2NY | 2,650,000 |
30/03/2012 |
23b, Barmouth Road, SW18 2DT | 425,000 |
28/03/2012 |
134a, Penwith Road, SW18 4QB | 440,000 |
28/03/2012 |
342a, Garratt Lane, SW18 4EL | 170,025 |
27/03/2012 |
76, Second Floor Flat, Lebanon Gardens, SW18 1RH | 315,000 |
26/03/2012 |
Spinnaker House, Flat 56, Juniper Drive, SW18 1FS | 366,452 |
26/03/2012 |
4 Ringford House, Ringford Road, SW18 1RT | 390,000 |
26/03/2012 |
2, Apartment 54, Hardwicks Square, SW18 4HU | 465,000 |
26/03/2012 |
631, Flat 4, Garratt Lane, SW18 4SX | 205,000 |
23/03/2012 |
537, Flat A, Garratt Lane, SW18 4SR | 217,500 |
23/03/2012 |
Brecon House, Flat 7, Granville Road, SW18 5TA | 235,000 |
23/03/2012 |
Huguenot Terrace, 15 - 21, 14, East Hill, SW18 2HZ | 249,999 |
23/03/2012 |
Binstead House, 5, Flat 39, Vermont Road, SW18 2AD | 250,000 |
23/03/2012 |
Domelton House, Flat 37, Iron Mill Road, SW18 2AF | 250,000 |
23/03/2012 |
29, Godley Road, SW18 3HB | 322,000 |
23/03/2012 |
Anchor House, Flat 396, Smugglers Way, SW18 1EN | 385,000 |
23/03/2012 |
Bluewater House, Flat 291, Smugglers Way, SW18 1EB | 410,000 |
23/03/2012 |
177, Engadine Street, SW18 5DU | 585,000 |
23/03/2012 |
95, Strathville Road, SW18 4QR | 610,000 |
23/03/2012 |
73, Elborough Street, SW18 5DR | 772,000 |
23/03/2012 |
16, Whitelands Crescent, SW18 5QY | 930,000 |
23/03/2012 |
38, Arnal Crescent, SW18 5PX | 197,500 |
22/03/2012 |
67b, Atheldene Road, SW18 3BN | 250,000 |
22/03/2012 |
44a, Trentham Street, SW18 5AT | 350,000 |
22/03/2012 |
23, Southfields Road, SW18 1QW | 960,000 |
22/03/2012 |
St Andrews Court, Flat 16, Waynflete Street, SW18 3QF | 240,000 |
20/03/2012 |
Binstead House, 5, Flat 54, Vermont Road, SW18 2AD | 219,500 |
19/03/2012 |
32a, Merton Road, SW18 1QX | 242,000 |
19/03/2012 |
88, Flat C, Cromford Road, SW18 1NY | 245,500 |
19/03/2012 |
388, Merton Road, SW18 5AD | 315,000 |
19/03/2012 |
Spinnaker House, Flat 89, Juniper Drive, SW18 1FS | 610,000 |
19/03/2012 |
Knowles House, 7, Flat 15, Neville Gill Close, SW18 4BP | 180,000 |
16/03/2012 |
44, Arnal Crescent, SW18 5PX | 192,700 |
16/03/2012 |
224 - 226, Wimbledon Park Road, SW18 5RL | 225,000 |
16/03/2012 |
Station Masters House, 347, Flat 4, Earlsfield Road, SW18 3DG | 249,950 |
16/03/2012 |
26, Marcus Street, SW18 2JT | 315,000 |
16/03/2012 |
93, Penwith Road, SW18 4PY | 330,000 |
16/03/2012 |
123, Allfarthing Lane, SW18 2AU | 373,250 |
16/03/2012 |
3a, Waldron Road, SW18 3TB | 397,000 |
16/03/2012 |
2, Apartment 55, Hardwicks Square, SW18 4HU | 455,000 |
16/03/2012 |
223, Merton Road, SW18 5EE | 475,000 |
16/03/2012 |
14, Upper Flat, Dempster Road, SW18 1AT | 500,000 |
16/03/2012 |
20, Putney Bridge Road, SW18 1HS | 550,000 |
16/03/2012 |
83, Alma Road, SW18 1AQ | 615,000 |
16/03/2012 |
35, Isis Street, SW18 3QL | 699,950 |
16/03/2012 |
132, Elborough Street, SW18 5DL | 730,000 |
16/03/2012 |
49a, Wimbledon Park Road, SW18 5SJ | 290,500 |
15/03/2012 |
Shorwell House, Flat 21, Vermont Road, SW18 2LG | 232,000 |
14/03/2012 |
Spinnaker House, 86, Juniper Drive, SW18 1FS | 374,950 |
14/03/2012 |
Anchor House, Flat 445, Smugglers Way, SW18 1EX | 426,000 |
14/03/2012 |
Spinnaker House, Flat 85, Juniper Drive, SW18 1FS | 458,955 |
14/03/2012 |
62, Godley Road, SW18 3HD | 308,500 |
13/03/2012 |
65, Basement Flat, Bassingham Road, SW18 3AF | 291,132 |
12/03/2012 |
Spinnaker House, Flat 59, Juniper Drive, SW18 1FS | 472,500 |
12/03/2012 |
Morville House, Flat 23, Fitzhugh Grove, SW18 3SD | 228,250 |
09/03/2012 |
5, Allfarthing Lane, SW18 2PG | 248,000 |
09/03/2012 |
Melrose Court, 44, Flat 4, Melrose Road, SW18 1LZ | 256,250 |
09/03/2012 |
Argento Tower, 65, Mapleton Road, SW18 4GB | 271,500 |
09/03/2012 |
6a, Treport Street, SW18 2BP | 289,950 |
09/03/2012 |
10, Treport Street, SW18 2BP | 309,000 |
09/03/2012 |
92, Brocklebank Road, SW18 3AX | 395,100 |
09/03/2012 |
174, Merton Road, SW18 5SW | 490,000 |
09/03/2012 |
25, Camborne Road, SW18 4BH | 523,000 |
09/03/2012 |
Spinnaker House, Flat 72, Juniper Drive, SW18 1FS | 565,000 |
09/03/2012 |
147, Revelstoke Road, SW18 5NN | 700,000 |
09/03/2012 |
148, Clonmore Street, SW18 5HB | 735,000 |
09/03/2012 |
46, Rosehill Road, SW18 2NX | 1,565,000 |
09/03/2012 |
Binstead House, 5, Flat 44, Vermont Road, SW18 2AD | 210,000 |
08/03/2012 |
11, Bodmin Street, SW18 4XF | 210,000 |
08/03/2012 |
115, Aslett Street, SW18 2BG | 380,000 |
08/03/2012 |
57, Elborough Street, SW18 5DR | 640,678 |
08/03/2012 |
545a, Garratt Lane, SW18 4SR | 145,000 |
07/03/2012 |
8c, St Anns Crescent, SW18 2LR | 213,000 |
07/03/2012 |
Royal Victoria Patriotic Building, Flat 27, John Archer Way, SW18 3SX | 350,000 |
07/03/2012 |
Bluewater House, Flat 297, Smugglers Way, SW18 1EB | 305,000 |
06/03/2012 |
35, Leckford Road, SW18 3PT | 406,000 |
05/03/2012 |
13, Acris Street, SW18 2QT | 940,000 |
05/03/2012 |
Greenview Court, 25, Flat A, Baskerville Road, SW18 3RP | 308,000 |
02/03/2012 |
15a, Isis Street, SW18 3QL | 377,000 |
02/03/2012 |
66, Quinton Street, SW18 3QS | 419,950 |
02/03/2012 |
Spinnaker House, Flat 57, Juniper Drive, SW18 1FS | 460,000 |
02/03/2012 |
58, Astonville Street, SW18 5AJ | 650,000 |
02/03/2012 |
Bluewater House, Flat 312, Smugglers Way, SW18 1EB | 675,000 |
02/03/2012 |
41d, North Side Wandsworth Common, SW18 2SU | 440,000 |
01/03/2012 |
104, Heythorp Street, SW18 5BX | 561,973 |
01/03/2012 |
56, Bucharest Road, SW18 3AR | 636,000 |
01/03/2012 |
69, Haldon Road, SW18 1QF | 826,500 |
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 wandsworthsw18.com. Any use of these numbers should jointly attribute the Land Registry and wandsworthsw18.com.
July 6, 2012