Sharp fall in average prices as top end of market remain quiet
The average price of a property sold in the SW18 post code area during November was £428,904. This is well down on previous months which have been comfortably above £500,000.
Although the average is based on the sale of over 100 local properties vendors will be hoping that it is an anomaly. Only three houses sold for over £1,000,000, which is lower than normal and the fall in the average may reflect a decline in activity at the top end of the market rather than a generalised fall in prices across the board.
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 in London to £341,009, in comparison to the figure for England and Wales, which is £164,773.
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, "“There is little evidence to suggest that house price declines are likely to accelerate in the months ahead. Much of the weakness in property values since the Spring has been driven by a return of sellers to the market, following unusually low levels of property for sale in 2009 and early 2010. However, there is little to indicate that these sellers need to achieve a sale urgently for financial or economic reasons, which means that the downward pressure on house prices is only modest."
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 - November 2010
| Address | Price (£) |
Deed Date |
| Gernigan House, Flat 4, Fitzhugh Grove, SW18 3SG | 187,000 |
30/11/2010 |
| Ketley House, 65, Flat 3, Garratt Lane, SW18 4GR | 340,000 |
30/11/2010 |
| 47, Sudlow Road, SW18 1HP | 560,000 |
30/11/2010 |
| 123, Elsenham Street, SW18 5NY | 565,000 |
30/11/2010 |
| Morville House, Flat 34, Fitzhugh Grove, SW18 3SD | 230,000 |
29/11/2010 |
| Earlsfield House, Flat 12, Swaffield Road, SW18 3AH | 265,000 |
29/11/2010 |
| 73a, Tranmere Road, SW18 3QP | 342,000 |
29/11/2010 |
| 23a, Astonville Street, SW18 5AN | 436,000 |
29/11/2010 |
| Coleman Court, Flat 73, Kimber Road, SW18 4PA | 164,000 |
26/11/2010 |
| 79, The First And Second Floor Maisonette At, Balvernie Grove, SW18 5RR | 242,500 |
26/11/2010 |
| Middlemill House, 30, Flat 1, Armoury Way, SW18 1HZ | 247,000 |
26/11/2010 |
| 7, Ground Floor Flat At, Lydden Grove, SW18 4LJ | 305,000 |
26/11/2010 |
| 268a, Earlsfield Road, SW18 3DY | 315,000 |
26/11/2010 |
| Dolphin House, Flat 119, Smugglers Way, SW18 1DH | 398,000 |
26/11/2010 |
| 367, Earlsfield Road, SW18 3DG | 439,000 |
26/11/2010 |
| 4, Merton Road, SW18 1QY | 470,000 |
26/11/2010 |
| 30, Balvernie Grove, SW18 5RU | 480,000 |
26/11/2010 |
| 115, Trentham Street, SW18 5DH | 725,000 |
26/11/2010 |
| Ascensis Tower, 15, Juniper Drive, SW18 1AY | 800,000 |
26/11/2010 |
| 38, Atheldene Road, SW18 3BW | 230,000 |
25/11/2010 |
| 48a, Astonville Street, SW18 5AL | 430,000 |
25/11/2010 |
| 44a, Longfield Street, SW18 5RE | 445,000 |
25/11/2010 |
| 14, Brookwood Road, SW18 5BP | 550,000 |
25/11/2010 |
| 191, Wimbledon Park Road, SW18 5RH | 875,000 |
25/11/2010 |
| Merton House, Flat 1, Merton Road, SW18 5LA | 269,000 |
22/11/2010 |
| Voltaire Buildings, 330, Flat 47, Garratt Lane, SW18 4FQ | 272,000 |
22/11/2010 |
| 39, Whitelands Crescent, SW18 5QY | 440,000 |
22/11/2010 |
| 28, Haslemere Avenue, SW18 4RP | 446,500 |
22/11/2010 |
| Prospect Quay, 98, Flat 50, Point Pleasant, SW18 1PR | 645,000 |
22/11/2010 |
| Prospect Quay, 98, Flat 50, Point Pleasant, SW18 1PR | 645,000 |
22/11/2010 |
| Prospect Quay, 98, Flat 50, Point Pleasant, SW18 1PR | 645,000 |
22/11/2010 |
| Andrew Reed House, 1, Flat 21, Linstead Way, SW18 5QD | 150,000 |
19/11/2010 |
| 34, Ground Floor Flat, Kimber Road, SW18 4NP | 230,000 |
19/11/2010 |
| 20, First Floor Flat, Melrose Road, SW18 1NE | 245,000 |
19/11/2010 |
| 313a, Garratt Lane, SW18 4DX | 247,000 |
19/11/2010 |
| 2, Nantes Close, SW18 1JL | 250,000 |
19/11/2010 |
| 260, Flat 3, Earlsfield Road, SW18 3DY | 286,000 |
19/11/2010 |
| 42, Stott Close, SW18 2TG | 290,000 |
19/11/2010 |
| 21, Lower Maisonette, Daphne Street, SW18 2BJ | 315,000 |
19/11/2010 |
| 28, Summerley Street, SW18 4EU | 347,000 |
19/11/2010 |
| 32a, Isis Street, SW18 3QN | 352,500 |
19/11/2010 |
| 16, Lower Ground Floor Flat, North Side Wandsworth Common, SW18 2SL | 355,000 |
19/11/2010 |
| Anchor House, Flat 362, Smugglers Way, SW18 1EL | 396,000 |
19/11/2010 |
| 49, Basement Flat, Allfarthing Lane, SW18 2AP | 456,000 |
19/11/2010 |
| 2, Sudlow Road, SW18 1HP | 470,000 |
19/11/2010 |
| 190, Revelstoke Road, SW18 5NW | 675,000 |
19/11/2010 |
| 24, Galesbury Road, SW18 2RL | 800,000 |
19/11/2010 |
| 18, Swanage Road, SW18 2DY | 196,000 |
18/11/2010 |
| 6, Lavenham Road, SW18 5HA | 687,000 |
17/11/2010 |
| 55, Kingham Close, SW18 3BX | 315,000 |
15/11/2010 |
| 20, Quinton Street, SW18 3QS | 381,999 |
15/11/2010 |
| 278, Flat 309, Magdalen Road, SW18 3NY | 395,000 |
15/11/2010 |
| Domelton House, Flat 42, Iron Mill Road, SW18 2AF | 205,000 |
12/11/2010 |
| 20, Bloomsbury Place, SW18 2JB | 250,000 |
12/11/2010 |
| 11, Delia Street, SW18 2BT | 274,500 |
12/11/2010 |
| 31, Godley Road, SW18 3HB | 298,000 |
12/11/2010 |
| 242, Flat 1, Trinity Road, SW18 3RQ | 307,500 |
12/11/2010 |
| 82, Godley Road, SW18 3HD | 331,000 |
12/11/2010 |
| 21, 44 Charterhouse Apartments, Eltringham Street, SW18 1AU | 360,000 |
12/11/2010 |
| 6, Townsend Mews, SW18 3QD | 415,000 |
12/11/2010 |
| 6, Sudlow Road, SW18 1HP | 458,000 |
12/11/2010 |
| 49, Ballantine Street, SW18 1AL | 700,000 |
12/11/2010 |
| 29, Fullerton Road, SW18 1BU | 735,000 |
12/11/2010 |
| 122, Flat B, Merton Road, SW18 5SP | 225,000 |
11/11/2010 |
| 70, John Archer Way, SW18 2TS | 303,000 |
11/11/2010 |
| 74, Balvernie Grove, SW18 5RP | 315,000 |
11/11/2010 |
| 77a, Penwith Road, SW18 4PY | 319,000 |
11/11/2010 |
| 441, Merton Road, SW18 5LB | 329,000 |
11/11/2010 |
| 12, Trewint Street, SW18 4HA | 660,000 |
11/11/2010 |
| 55, Brookwood Road, SW18 5BQ | 737,500 |
11/11/2010 |
| 10, Cicada Road, SW18 2NW | 1,110,000 |
11/11/2010 |
| 1, 3, Wandsworth Common West Side, SW18 2EL | 249,950 |
10/11/2010 |
| 79, Clonmore Street, SW18 5ET | 595,000 |
10/11/2010 |
| 63, Penwith Road, SW18 4PX | 250,000 |
09/11/2010 |
| 589a, Garratt Lane, SW18 4ST | 212,000 |
08/11/2010 |
| 38, Penwith Road, SW18 4QF | 315,000 |
08/11/2010 |
| Downe Lodge, 39, Flat 1, Merton Road, SW18 5SU | 405,000 |
08/11/2010 |
| Domelton House, Flat 6, Iron Mill Road, SW18 2AF | 222,500 |
05/11/2010 |
| 25, Upper Flat, Steerforth Street, SW18 4HH | 266,000 |
05/11/2010 |
| 3, Flat B, Haldon Road, SW18 1QD | 267,500 |
05/11/2010 |
| 28, Penwith Road, SW18 4QF | 277,500 |
05/11/2010 |
| 79, Penwith Road, SW18 4PY | 287,000 |
05/11/2010 |
| 85a, Tranmere Road, SW18 3QP | 296,000 |
05/11/2010 |
| 265, Flat 5, Magdalen Road, SW18 3NZ | 305,000 |
05/11/2010 |
| 31, Astonville Street, SW18 5AN | 335,000 |
05/11/2010 |
| 265, Earlsfield Road, SW18 3DF | 465,000 |
05/11/2010 |
| 13, Longfield Street, SW18 5RD | 512,000 |
05/11/2010 |
| 66 - 68, Basillica Studio, Vanderbilt Road, SW18 3BQ | 640,000 |
05/11/2010 |
| 7, Girdwood Road, SW18 5QR | 660,000 |
05/11/2010 |
| Ascensis Tower, 21, Juniper Drive, SW18 1AY | 810,000 |
05/11/2010 |
| Ascensis Tower, 24, Juniper Drive, SW18 1AY | 860,000 |
05/11/2010 |
| 17, Aspley Road, SW18 2DB | 1,045,000 |
05/11/2010 |
| 55, Arnal Crescent, SW18 5PX | 143,000 |
04/11/2010 |
| 108, The Ground Floor Flat At, Balvernie Grove, SW18 5RP | 340,000 |
04/11/2010 |
| 3, Flat I, Earlsfield Road, SW18 3DB | 225,000 |
03/11/2010 |
| 265, Flat 1, Magdalen Road, SW18 3NZ | 390,000 |
02/11/2010 |
| 68, Wilna Road, SW18 3BA | 635,000 |
02/11/2010 |
| 23, First Floor Flat At, Kimber Road, SW18 4NR | 270,875 |
01/11/2010 |
| Mandel House, Apartment 504, Eastfields Avenue, SW18 1JU | 395,000 |
01/11/2010 |
| 136, Elborough Street, SW18 5DL | 755,000 |
01/11/2010 |
| 1, Rosehill Road, SW18 2NY | 1,315,000 |
01/11/2010 |
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