Wandsworth Home Values Reach New Record Levels
Average price for SW18 rises above £700,000 despite mansion tax concerns
Property prices in the Wandsworth area rose to record levels in the first quarter of 2015 according to the latest official figures.
There have been 180 sales reported to the Land Registry in the SW18 post code area up until the end of March at an average of £713,554.
This is a new all-time high quarterly average for local home prices and the first time the level has reached over £700,000.
There was a significant recovery from the dip seen in the market at the end of last year and price rose by 3.3% compared with the same period in 2014. Over the last five year prices are up by 34.8% and they have doubled over the last decade.
The rise comes in spite of a relative decline in activity at the very top end of the market with fewer transactions taking place in the million pound plus bracket. The most expensive house sold during the period was on Patten Road changing hands for £2,525,000. There have been more than seventy sales in the area at a higher price in previous years.
38 sales took place at more than one million pounds in the area with four of them over two million pounds.
The Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey says that London house prices were back into positive territory in April, after seven months in decline, with short term predictions suggesting further rises.
28% more chartered surveyors saw prices rise in London in April, the first positive reading in the capital after seven negative months in the run up to the election. Price expectations over the next three months are also positive, with 11% more respondents expecting prices to rise further.
New instructions fell sharply with 36% more chartered surveyors seeing a decline, while the capital also saw an increase in buyer enquiries for the first time in a year as both these factors contributed to the pick-up in prices. Activity levels over the last month decreased most sharply in London where 21% more respondents reported a fall rather than rise in newly agreed sales
52% more respondents expect prices to rise over the next twelve months in London and the predicted average percentage price rise for houses in the capital over each of the next five years is 5.4%.
Meanwhile, in the lettings sector, supply has been rising steadily in London for three years now but the growth in tenant demand is not far behind. As a result, 39% more chartered surveyors expect rents to rise over the next three months which is the highest reading since the first half of 2011.
Simon Rubinsohn, RICS Chief Economist, said: “It is conceivable that the decisive outcome to the election could encourage a pick-up in instructions to agents and ease some of the recent upward pressure on house prices but it is doubtful that this will be substantive enough to provide anything more than temporary relief. Alongside an increased flow of second hand stock, it is absolutely critical that new government focuses on measures to boost the flow of new build.’’
According to Land Registry figures London as a whole continued to see the highest price rises in the country in March rising by 11.3% to £462,799. This compares to a 5.3% increase for England and Wales which brought the average price up to £178,007. The peak was achieved in November 2007 when the average reached £181,049.
The number of properties sold in England and Wales for over £1 million decreased by 19 per cent to 851 from 1,049 a year earlier. Repossessions in England and Wales decreased by 45 per cent to 590 compared with 1,081 in January 2014
London was the region with the greatest fall in repossession sales with only 65 taking place in January 2015.
If your agent is claiming to be marketing your property effectively and it doesn't appear on WandsworthSW18.com it may be time to choose a new agent.
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 Wandsworth SW18 - February/March 2015 |
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|---|---|---|
| Deed date | Address | Price (£) |
| 27/03/2015 | 39a Lydden Grove, SW18 4LJ | 558,000 |
| 24/03/2015 | 14 Valonia Gardens, SW18 1PY | 1,370,000 |
| 24/03/2015 | 45 Isis Street, SW18 3QL | 1,200,000 |
| 24/03/2015 | 50a Elsenham Street, SW18 5NS | 315,000 |
| 20/03/2015 | 63 Summerley Street, SW18 4EX | 1,071,000 |
| 20/03/2015 | 64 Granville Road, SW18 5SG | 921,076 |
| 19/03/2015 | 8 Dault Road, SW18 2NQ | 1,205,000 |
| 19/03/2015 | 25 Dawnay Road, SW18 3PQ | 640,000 |
| 18/03/2015 | 8, Charterhouse Apartments, 21 Eltringham Street, SW18 1AU | 500,000 |
| 17/03/2015 | 92 Geraldine Road, SW18 2NL | 310,000 |
| 16/03/2015 | Flat 16, Cumber House, Merton Road, SW18 5JZ | 370,000 |
| 13/03/2015 | Flat 2, Fullers House, 24 Armoury Way, SW18 1HZ | 272,500 |
| 13/03/2015 | 101, Chapelier House, Eastfields Avenue, SW18 1LR | 1,700,000 |
| 13/03/2015 | 41 Bucharest Road, SW18 3AS | 958,800 |
| 13/03/2015 | 10 Atheldene Road, SW18 3BW | 375,000 |
| 13/03/2015 | 168 Clonmore Street, SW18 5HB | 900,000 |
| 13/03/2015 | 186 Sutherland Grove, SW18 5QX | 360,000 |
| 12/03/2015 | 33 Tonsley Road, SW18 1BG | 1,230,000 |
| 12/03/2015 | Flat 217, Compass House, Smugglers Way, SW18 1DQ | 525,000 |
| 12/03/2015 | 45, Commodore House, Juniper Drive, SW18 1TW | 1,030,000 |
| 12/03/2015 | 39 Marcus Street, SW18 2JT | 450,000 |
| 12/03/2015 | 300 Trinity Road, SW18 3RG | 1,300,000 |
| 12/03/2015 | 25a Duntshill Road, SW18 4QN | 585,000 |
| 12/03/2015 | 30 Heythorp Street, SW18 5BN | 711,000 |
| 06/03/2015 | 92 Nantes Close, SW18 1JL | 340,000 |
| 06/03/2015 | 6 Ravensbury Terrace, SW18 4RL | 855,000 |
| 06/03/2015 | 33a Astonville Street, SW18 5AN | 545,000 |
| 06/03/2015 | 176 Replingham Road, SW18 5LJ | 495,000 |
| 06/03/2015 | 55 Revelstoke Road, SW18 5NJ | 949,950 |
| 06/03/2015 | 47 Skeena Hill, SW18 5PW | 1,000,000 |
| 06/03/2015 | 51-59, 51 Bowman Mews, SW18 5TN | 340,000 |
| 04/03/2015 | 65b Wimbledon Park Road, SW18 5SJ | 425,000 |
| 02/03/2015 | Flat 3, 320c Earlsfield Road, SW18 3EJ | 350,000 |
| 02/03/2015 | 163 Heythorp Street, SW18 5BT | 1,250,000 |
| 27/02/2015 | Flat 205, Compass House, Smugglers Way, SW18 1DQ | 540,000 |
| 27/02/2015 | 28 Swanage Road, SW18 2DY | 1,795,000 |
| 27/02/2015 | 25 Spencer Road, SW18 2SP | 2,450,000 |
| 27/02/2015 | Flat 31, Parkview Court, 15 Broomhill Road, SW18 4JG | 230,000 |
| 27/02/2015 | 169 Penwith Road, SW18 4PZ | 555,000 |
| 27/02/2015 | 29 Pirbright Road, SW18 5NB | 805,000 |
| 26/02/2015 | Flat 24, 17 Hardwicks Way, SW18 4AG | 348,000 |
| 26/02/2015 | 75 Engadine Street, SW18 5BZ | 1,000,000 |
| 25/02/2015 | 49a Cicada Road, SW18 2NN | 575,000 |
| 24/02/2015 | Flat 48, Mantle Court, Mapleton Road, SW18 4AU | 500,000 |
| 20/02/2015 | Flat 118, Dolphin House, Smugglers Way, SW18 1DG | 1,250,000 |
| 20/02/2015 | Flat 25, Tower Court, Frogmore, SW18 1HL | 427,000 |
| 20/02/2015 | 10 Valonia Gardens, SW18 1PY | 1,275,000 |
| 20/02/2015 | 10 Aspley Road, SW18 2DB | 1,400,000 |
| 20/02/2015 | 45 St. Ann's Crescent, SW18 2NG | 1,205,000 |
| 20/02/2015 | 34 Brathway Road, SW18 4BB | 823,000 |
| 20/02/2015 | 19 Brathway Road, SW18 4BE | 715,000 |
| 20/02/2015 | 38 Gressenhall Road, SW18 5QJ | 350,000 |
| 20/02/2015 | 132 Balvernie Grove, SW18 5RP | 435,000 |
| 19/02/2015 | 2 Brocklebank Road, SW18 3AU | 1,050,000 |
| 19/02/2015 | 52a Wimbledon Park Road, SW18 5SH | 1,875,000 |
| 18/02/2015 | Flat 3, Waterloo Court, Frogmore, SW18 1HL | 425,000 |
| 18/02/2015 | Flat 7, Mantle Court, Mapleton Road, SW18 4AU | 499,000 |
| 16/02/2015 | 4, Kingfisher House, Juniper Drive, SW18 1TX | 592,500 |
| 16/02/2015 | 63 Kingham Close, SW18 3BX | 495,000 |
| 16/02/2015 | 154a Swaby Road, SW18 3QY | 730,000 |
| 13/02/2015 | Apartment 404, Mandel House, Eastfields Avenue, SW18 1JU | 499,950 |
| 13/02/2015 | 15 Strathan Close, SW18 1PW | 635,000 |
| 13/02/2015 | 69 Ravensbury Road, SW18 4RX | 876,000 |
| 12/02/2015 | 16 Bodmin Street, SW18 4PT | 483,500 |
| 12/02/2015 | 141a Revelstoke Road, SW18 5NN | 460,000 |
| 11/02/2015 | 7b West Hill, SW18 1RB | 250,000 |
| 11/02/2015 | Flat 3, Whitecliff House, Vermont Road, SW18 2LH | 365,000 |
| 11/02/2015 | Flat 38, Clifford Court, Heathfield Road, SW18 3JE | 322,500 |
| 11/02/2015 | Flat 23, Morville House, Fitzhugh Grove, SW18 3SD | 390,000 |
| 10/02/2015 | Flat 41, Prospect Quay, 98 Point Pleasant, SW18 1PR | 794,950 |
| 10/02/2015 | Flat 58, Prospect Quay, 98 Point Pleasant, SW18 1PR | 2,250,000 |
| 09/02/2015 | 23b Cromford Road, SW18 1NZ | 460,000 |
| 09/02/2015 | 42 Allfarthing Lane, SW18 2AJ | 670,000 |
| 09/02/2015 | 29a Duntshill Road, SW18 4QN | 450,000 |
| 06/02/2015 | 15 Ballantine Street, SW18 1AL | 975,000 |
| 06/02/2015 | 11 Dempster Road, SW18 1AS | 1,385,000 |
| 06/02/2015 | Flat 468, Omega Building, Smugglers Way, SW18 1AZ | 220,000 |
| 06/02/2015 | 63 Ericcson Close, SW18 1SQ | 332,502 |
| 06/02/2015 | 1, Kingfisher House, Juniper Drive, SW18 1TX | 590,000 |
| 06/02/2015 | 97, Kingfisher House, Juniper Drive, SW18 1TY | 634,950 |
| 06/02/2015 | 15 Quarry Road, SW18 2QH | 1,105,000 |
| 06/02/2015 | 40 Tilehurst Road, SW18 3ET | 495,000 |
| 06/02/2015 | 56a Penwith Road, SW18 4QD | 580,000 |
| 06/02/2015 | 92 Brookwood Road, SW18 5DB | 872,000 |
| 06/02/2015 | 22 Lavenham Road, SW18 5HA | 1,000,000 |
| 05/02/2015 | 17a Treport Street, SW18 2BW | 395,000 |
| 05/02/2015 | 30 Kingham Close, SW18 3BX | 270,000 |
| 05/02/2015 | 435 Merton Road, SW18 5LB | 407,000 |
| 04/02/2015 | Ground Floor Flat, 6 Strathville Road, SW18 4QZ | 500,000 |
| 04/02/2015 | Flat 6, 320c Earlsfield Road, SW18 3EJ | 315,000 |
| 03/02/2015 | 350a Old York Road, SW18 1SS | 445,000 |
| 03/02/2015 | 10 Openview, SW18 3PE | 857,000 |
| 03/02/2015 | 8 Lydden Grove, SW18 4LL | 535,000 |
| 02/02/2015 | Flat A, 70 East Hill, SW18 2HQ | 625,000 |
| 02/02/2015 | 49 Willow Tree Close, SW18 3EL | 335,000 |
| 02/02/2015 | 31 Penwith Road, SW18 4PU | 490,000 |
Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by wandsworthsw18.com. Any use of these numbers should jointly attribute the Land Registry and wandsworthsw18.com.
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