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.

property for sale in Wandsworth SW18

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
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.

May 19, 2015
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