Recent transactions suggest home values have made strong start the year
The latest official data suggests that the local property market has made a strong start to the year. Sales reported so far in 2011 to the Land Registry show an average price of £518,275. This is well above the levels seen at the end of last year which were boosted by the sales of some exceptionally high value properties.
The average remains below the peaks seen in the Summer of 2010. Ten properties have been sold for £1,000,000 or more so far this year.
According to the Land Registry London property prices are up by 3.2% in February compared to last year. Prices were down marginally on the previous month. This is still highest level in the country with the North East seeing prices fall by 7.1% in the same period. Nationally prices fell by 1.7% in February 2011 compared with February 2010.
This brings the average property price to £341,048, in comparison to the figure for England and Wales, which is £162,215.
Longer term London has also significantly outperformed the rest of the country according to the Nationwide House Price Index, with prices up 17% over the last five years. This compares to a modest 1.3% increase across the UK as a whole. Over the same period, the North was the worst performing region, with prices down 7.8%.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said, “Demand for homes has levelled out, supported by historically low interest rates and some stabilisation in the labour market. The continued uncertain outlook for the economy is likely to keep many potential buyers on the sidelines for some time yet. “Nevertheless, there are few signs of a glut of unsold homes building up on the market. Sellers remain reluctant to accept lower prices to secure a sale. In fact there are tentative signs that the volume of homes coming onto the market is slowing.”
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 - January 2011
Address | Price (£) |
Deed Date |
Windsor Court, 22, Flat 13, Frogmore, SW18 1HJ | 235,000 |
31/01/2011 |
81, The Upper Flat At, Haldon Road, SW18 1QF | 410,000 |
31/01/2011 |
29a, Farlton Road, SW18 3BJ | 280,000 |
31/01/2011 |
Spencer Court House, 47 - 49, Flat 8, North Side Wandsworth Common, SW18 2ST | 362,500 |
31/01/2011 |
Spencer Court House, 47 - 49, Flat 8, North Side Wandsworth Common, SW18 2ST | 362,500 |
31/01/2011 |
30, Spencer Road, SW18 2SW | 1,175,000 |
31/01/2011 |
8, St Anns Park Road, SW18 2RW | 650,000 |
31/01/2011 |
160, Godley Road, SW18 3HE | 262,000 |
31/01/2011 |
152, Clonmore Street, SW18 5HB | 680,000 |
31/01/2011 |
Ascensis Tower, 11, Juniper Drive, SW18 1AY | 690,000 |
28/01/2011 |
Mandel House, Apartment 101, Eastfields Avenue, SW18 1JU | 860,000 |
28/01/2011 |
5, Flat 1, Trefoil Road, SW18 2EG | 435,000 |
28/01/2011 |
54a, Waldron Road, SW18 3TD | 265,000 |
28/01/2011 |
50, Waldron Road, SW18 3TD | 309,000 |
28/01/2011 |
38a, Duntshill Road, SW18 4QL | 375,000 |
28/01/2011 |
43, Godley Road, SW18 3HB | 288,000 |
28/01/2011 |
87, Wimbledon Park Road, SW18 5TT | 630,000 |
28/01/2011 |
49, Fullerton Road, SW18 1BU | 761,500 |
28/01/2011 |
45, Fullerton Road, SW18 1BU | 725,000 |
28/01/2011 |
41, Ringford Road, SW18 1RP | 770,000 |
28/01/2011 |
19, Berisford Mews, SW18 2LW | 420,000 |
28/01/2011 |
63, Melody Road, SW18 2QW | 1,240,000 |
28/01/2011 |
107, Swaby Road, SW18 3PH | 455,000 |
28/01/2011 |
Anchor House, Flat 436, Smugglers Way, SW18 1EX | 329,000 |
27/01/2011 |
96, Apartment 1, Garratt Lane, SW18 4DH | 215,000 |
27/01/2011 |
161, Heythorp Street, SW18 5BT | 740,000 |
27/01/2011 |
6, Westover Road, SW18 2RG | 4,095,000 |
26/01/2011 |
44, Collamore Avenue, SW18 3JT | 1,250,000 |
26/01/2011 |
2, Huguenot Place, SW18 2EN | 775,000 |
26/01/2011 |
4a, Jeypore Road, SW18 2RJ | 282,000 |
26/01/2011 |
29, Spanish Road, SW18 2HY | 242,500 |
24/01/2011 |
39e, Earlsfield Road, SW18 3DB | 262,000 |
24/01/2011 |
8, Godley Road, SW18 3HD | 330,000 |
24/01/2011 |
39, Birdhurst Road, SW18 1AR | 430,000 |
21/01/2011 |
Ensign House, Flat 14, Juniper Drive, SW18 1TA | 337,500 |
21/01/2011 |
19, Dounesforth Gardens, SW18 4QP | 249,995 |
21/01/2011 |
23, Trentham Street, SW18 5AS | 315,000 |
21/01/2011 |
20, Flat 6, Granville Road, SW18 5SL | 268,000 |
21/01/2011 |
27, Godley Road, SW18 3HB | 285,000 |
21/01/2011 |
29, Thorndean Street, SW18 4HE | 620,000 |
21/01/2011 |
31, Dalby Road, SW18 1AW | 665,000 |
21/01/2011 |
14, Wilna Road, SW18 3BA | 432,500 |
21/01/2011 |
7, Ravensbury Terrace, SW18 4RL | 605,000 |
21/01/2011 |
161, Elsenham Street, SW18 5NZ | 575,000 |
21/01/2011 |
18, Turenne Close, SW18 1JW | 300,000 |
19/01/2011 |
125, Ravensbury Road, SW18 4RY | 450,000 |
19/01/2011 |
74, Swaby Road, SW18 3QZ | 381,000 |
19/01/2011 |
66, Bowman Mews, SW18 5TN | 215,000 |
18/01/2011 |
7b, Crealock Street, SW18 2BS | 243,000 |
18/01/2011 |
198, Ground Floor Flat, Revelstoke Road, SW18 5NW | 318,000 |
18/01/2011 |
Compass House, Flat 223, Smugglers Way, SW18 1DQ | 340,000 |
14/01/2011 |
27, Wandle Way, SW18 4UJ | 230,000 |
14/01/2011 |
12a, Trentham Street, SW18 5AT | 285,000 |
14/01/2011 |
20, Flat 32, Granville Road, SW18 5SL | 225,000 |
14/01/2011 |
22, Flat 3, Earlsfield Road, SW18 3DN | 247,000 |
14/01/2011 |
46, Fieldview, SW18 3HG | 305,000 |
14/01/2011 |
310, Flat 2, Earlsfield Road, SW18 3EH | 285,000 |
14/01/2011 |
12, Whitelands Crescent, SW18 5QY | 985,000 |
14/01/2011 |
62, Bartholomew Close, SW18 1JQ | 340,000 |
14/01/2011 |
115, Ravensbury Road, SW18 4RY | 410,000 |
14/01/2011 |
111, Ravensbury Road, SW18 4RY | 600,000 |
14/01/2011 |
76, Engadine Street, SW18 5DA | 520,000 |
14/01/2011 |
25, Trentham Street, SW18 5AS | 333,000 |
13/01/2011 |
11, Flat 61, Point Pleasant, SW18 1PT | 107,500 |
12/01/2011 |
Milliners House, 404, Eastfields Avenue, SW18 1LP | 552,000 |
12/01/2011 |
53a, Cicada Road, SW18 2NN | 435,000 |
12/01/2011 |
72a, Aslett Street, SW18 2BH | 315,000 |
11/01/2011 |
156, Earlsfield Road, SW18 3DT | 415,000 |
11/01/2011 |
23, Flat 7, Hardwicks Square, SW18 4AH | 240,000 |
10/01/2011 |
472, Merton Road, SW18 5AE | 403,000 |
10/01/2011 |
478, Merton Road, SW18 5AE | 675,000 |
07/01/2011 |
39, Elsynge Road, SW18 2HR | 1,100,000 |
07/01/2011 |
27, Titchwell Road, SW18 3LW | 1,385,000 |
07/01/2011 |
17, Merton Road, SW18 5ST | 455,000 |
07/01/2011 |
17, Killarney Road, SW18 2DU | 870,000 |
07/01/2011 |
25, Eglantine Road, SW18 2DE | 1,295,000 |
07/01/2011 |
18, Jessica Road, SW18 2QN | 940,000 |
07/01/2011 |
48, Wilna Road, SW18 3BA | 580,000 |
07/01/2011 |
13, Camborne Road, SW18 4BH | 535,000 |
07/01/2011 |
137, Ravensbury Road, SW18 4RY | 514,000 |
07/01/2011 |
82, Strathville Road, SW18 4RB | 500,000 |
04/01/2011 |
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.
June 8, 2011