Wandsworth House Breaks Local Price Record
Local residential property values surge to new highs
It has been a record breaking few months for Wandsworth property with a new all-time high price being set and average values also at their highest ever for the SW18 post code area.
The record was broken by a semi-detached house on Lyford Road which went for £5,900,000. This beat the previous high of £5,000,000 set by a terraced house on Spencer Road in 2009.
It has six bedrooms, three reception rooms, off-street parking and is described as having a spectacular west facing garden. The property was sold for £2,500,000 as recently as January 2010.
During the second half of the year there have been 121 sales reported to the Land Registry at an average price of £812,753 in SW18. 28 of these sales were for over one million pounds. This strongly suggests market values are at all-time highs as up until the first half of the year prices were averaging under £700,000. Even if you exclude the Lyford Road sale the average is £770,359.
There are indications, however that this precipitous price rise may becoming to an end. A survey by the Royal Institution of Chartered Surveyors (RICS) on sentiment in the property market suggests that London prices started to fall in September for the first time in three years. This is based on a survey of their members rather than reported sales prices form the Land Registry.
The expectation amongst surveyors for the coming three months in London is that prices will fall further but that they will regain lost ground over the coming year.
A growing sense of caution seems to be indicated by a continued contraction in buyer demand. The RICS survey showed that it contracted in London for the fifth month in a row.
Simon Aldous MRICS, of Savills, said, "We do think there is uncertainty due to the forthcoming General Election and the changes that may arise to Mansion Tax, Annual Tax on Enveloped Dwellings, Capital Gains Tax, Stamp Duty. Changes to mortgage lending/regulation has softened the market in Prime South West London. "
Local agent Alan Fuller however, thinks that a slowdown in ever-rising prices is welcome, saying: " The rapid escalation that started in 2013 began to slow naturally in July, they could never have gone on rising for ever and we are now seeing that values have plateaued, but demand is still there and we still have plenty of buyers for all types of property.
"As for the next months we see the market remaining stable and prices generally static, so a great time to take advantage of calmer times if you are thinking of a move."
The average price in London during the month of July was £457,072 which is up by 19.3% compared with the same month in 2013. For England and Wales as a whole the average is now £175,653 compared with the peak of £181,442 in November 2007 up by 7.2%.
The most up-to-date figures available show that during May 2014 the number of completed house sales in England & Wales increased by 10 per cent to 72,900 compared with 66,325 in May 2013.
The number of properties sold in England and Wales for over £1 million in May 2014 increased by 32 per cent to 1,032 from 779 in May 2013.
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 - July/August 2014 |
||
|---|---|---|
| Deed date | Address | Price (£) |
| 22/08/2014 | 7 Carmichael Mews, SW18 3HH | 635,000 |
| 22/08/2014 | 181 Tranmere Road, SW18 3QX | 575,000 |
| 15/08/2014 | 20 Aslett Street, SW18 2BN | 1,045,000 |
| 15/08/2014 | First Floor Flat, 10 Merton Road, SW18 1QY | 315,000 |
| 14/08/2014 | 156 Godley Road, SW18 3HE | 456,537 |
| 14/08/2014 | 43 Magdalen Road, SW18 3ND | 1,625,000 |
| 14/08/2014 | 59 Elsynge Road, SW18 2HR | 1,518,828 |
| 12/08/2014 | Flat 27, Shorwell House, Vermont Road, SW18 2LG | 336,000 |
| 11/08/2014 | 9 Trewint Street, SW18 4HA | 911,000 |
| 08/08/2014 | 52 Vanderbilt Road, SW18 3BQ | 988,000 |
| 08/08/2014 | Flat 136, Coleman Court, Kimber Road, SW18 4PB | 245,425 |
| 08/08/2014 | 141 Elsenham Street, SW18 5NZ | 950,000 |
| 07/08/2014 | 44 Gressenhall Road, SW18 5QJ | 387,000 |
| 07/08/2014 | 77 Pulborough Road, SW18 5UL | 880,000 |
| 05/08/2014 | 16 Lyford Road, SW18 3LG | 3,200,000 |
| 05/08/2014 | Flat 378, Anchor House, Smugglers Way, SW18 1EL | 545,000 |
| 04/08/2014 | Flat 365, Anchor House, Smugglers Way, SW18 1EL | 470,000 |
| 04/08/2014 | 68b Longfield Street, SW18 5RE | 940,000 |
| 01/08/2014 | 146a Swaby Road, SW18 3QY | 725,000 |
| 01/08/2014 | 42a Penwith Road, SW18 4QD | 625,000 |
| 01/08/2014 | 42 Girdwood Road, SW18 5QS | 1,550,000 |
| 01/08/2014 | 13 Gatwick Road, SW18 5UF | 931,000 |
| 01/08/2014 | 109 Geraldine Road, SW18 2NJ | 1,175,000 |
| 01/08/2014 | Flat 73, Ensign House, Juniper Drive, SW18 1TR | 635,000 |
| 01/08/2014 | Flat 12, Flotilla House, Juniper Drive, SW18 1FX | 680,000 |
| 31/07/2014 | 36 Bucharest Road, SW18 3AR | 1,037,000 |
| 31/07/2014 | 29 Nicosia Road, SW18 3RN | 2,800,000 |
| 31/07/2014 | 2 Duntshill Road, SW18 4QL | 435,000 |
| 31/07/2014 | 109 Engadine Street, SW18 5DU | 1,207,770 |
| 31/07/2014 | 65 Nantes Close, SW18 1JL | 346,000 |
| 31/07/2014 | Flat 302, 278 Magdalen Road, SW18 3NY | 575,000 |
| 30/07/2014 | 112 Allfarthing Lane, SW18 2AB | 499,999 |
| 30/07/2014 | 105 Argento Tower, Mapleton Road, SW18 4GB | 485,000 |
| 29/07/2014 | 12 Burntwood Close, SW18 3JU | 1,499,950 |
| 29/07/2014 | 56 Amerland Road, SW18 1PZ | 850,000 |
| 29/07/2014 | 22a St. Ann's Crescent, SW18 2LR | 583,000 |
| 28/07/2014 | 113 Penwith Road, SW18 4PY | 478,500 |
| 28/07/2014 | 18 Wandle Way, SW18 4UJ | 425,000 |
| 28/07/2014 | 2 Coleford Road, SW18 1AD | 1,296,000 |
| 25/07/2014 | 86 Swaby Road, SW18 3QZ | 646,106 |
| 25/07/2014 | Apartment 9, 96 Garratt Lane, SW18 4DH | 298,000 |
| 25/07/2014 | 19 Riverdale Drive, SW18 4UR | 680,000 |
| 25/07/2014 | Flat 4, Rodale Mansions, 6 Borrodaile Road, SW18 2LL | 289,950 |
| 25/07/2014 | Flat 20, Totland House, 2 Vermont Road, SW18 2LQ | 325,000 |
| 25/07/2014 | Flat 1, 7 Revelstoke Road, SW18 5NJ | 635,000 |
| 25/07/2014 | 24, Charterhouse Apartments, 21 Eltringham Street, SW18 1AU | 540,000 |
| 25/07/2014 | Replingham Road, SW18 5LT | 590,000 |
| 25/07/2014 | 15, Palladio Court, Mapleton Road, SW18 4GD | 91,516 |
| 24/07/2014 | 24 Waynflete Street, SW18 3QE | 591,000 |
| 24/07/2014 | 26 Crowthorne Close, SW18 5RX | 366,000 |
| 24/07/2014 | 37 Trefoil Road, SW18 2EG | 1,500,000 |
| 24/07/2014 | 37a Atheldene Road, SW18 3BN | 410,000 |
| 24/07/2014 | 12 Horizon House, Juniper Drive, SW18 1GH | 670,000 |
| 23/07/2014 | 98 Geraldine Road, SW18 2NL | 279,950 |
| 22/07/2014 | 42 Astonville Street, SW18 5AL | 528,000 |
| 22/07/2014 | 4 Quarry Road, SW18 2QJ | 1,350,000 |
| 21/07/2014 | 4 Farlton Road, SW18 3BL | 925,000 |
| 21/07/2014 | 50 Tranmere Road, SW18 3QJ | 1,100,000 |
| 21/07/2014 | 50 Brathway Road, SW18 4BB | 250,000 |
| 18/07/2014 | 19 Strickland Row, SW18 3JD | 521,100 |
| 18/07/2014 | 27 Isis Street, SW18 3QL | 525,000 |
| 18/07/2014 | 286 Trinity Road, SW18 3RG | 1,790,000 |
| 18/07/2014 | 12 Camborne Road, SW18 4BJ | 870,000 |
| 18/07/2014 | 138 Sutherland Grove, SW18 5QN | 820,000 |
| 18/07/2014 | 1 Tonsley Hill, SW18 1BE | 1,251,503 |
| 18/07/2014 | 26 Herndon Road, SW18 2DG | 1,330,000 |
| 18/07/2014 | Top Floor Flat, 483 Merton Road, SW18 5LE | 375,600 |
| 18/07/2014 | Flat 39, Voltaire Buildings, 330 Garratt Lane, SW18 4FQ | 440,151 |
| 17/07/2014 | 4 Openview, SW18 3PF | 875,000 |
| 17/07/2014 | 18 Waldron Road, SW18 3TE | 921,500 |
| 17/07/2014 | 21 Malva Close, SW18 2JU | 420,000 |
| 17/07/2014 | 12c Treport Street, SW18 2BP | 499,950 |
| 16/07/2014 | Flat 6, Earlsfield House, Swaffield Road, SW18 3AH | 475,000 |
| 16/07/2014 | 72 Geraldine Road, SW18 2NL | 1,500,000 |
| 16/07/2014 | 1 Spencer Road, SW18 2SP | 1,850,000 |
| 16/07/2014 | Flat 3, Hardy Court, 1 Furmage Street, SW18 4GH | 105,000 |
| 15/07/2014 | 34 Lyford Road, SW18 3LT | 5,900,000 |
| 15/07/2014 | 61 Westover Road, SW18 2RF | 2,175,000 |
| 15/07/2014 | 59b St. Ann's Crescent, SW18 2NG | 633,500 |
| 14/07/2014 | 19a Isis Street, SW18 3QL | 665,000 |
| 14/07/2014 | 281 Trinity Road, SW18 3SN | 2,800,000 |
| 14/07/2014 | Flat 55, 11 Point Pleasant, SW18 1PT | 182,500 |
| 11/07/2014 | 246c Earlsfield Road, SW18 3DY | 325,000 |
| 11/07/2014 | 152a Swaby Road, SW18 3QY | 713,000 |
| 11/07/2014 | Flat 13, Artemis Place, 29 Sutherland Grove, SW18 5PT | 114,000 |
| 11/07/2014 | 12 Pulborough Road, SW18 5UQ | 1,050,000 |
| 11/07/2014 | 8 Bloomsbury Place, SW18 2JB | 475,000 |
| 11/07/2014 | 32 Horizon House, Juniper Drive, SW18 1GH | 895,000 |
| 10/07/2014 | 60 Fieldview, SW18 3HF | 600,000 |
| 10/07/2014 | 221 Magdalen Road, SW18 3PB | 1,110,000 |
| 10/07/2014 | 54 Openview, SW18 3PD | 806,000 |
| 10/07/2014 | 32c Seymour Road, SW18 5JA | 395,000 |
| 10/07/2014 | 50 Gressenhall Road, SW18 5QJ | 410,000 |
| 10/07/2014 | Flat 359, Anchor House, Smugglers Way, SW18 1EL | 450,000 |
| 10/07/2014 | Flat 393, Anchor House, Smugglers Way, SW18 1EN | 460,000 |
| 09/07/2014 | 26 Coliston Road, SW18 4PJ | 875,000 |
| 08/07/2014 | 117 Twilley Street, SW18 4NW | 450,000 |
| 08/07/2014 | 71 Penwith Road, SW18 4PX | 461,500 |
| 08/07/2014 | 53 Crowthorne Close, SW18 5RX | 370,000 |
| 08/07/2014 | 29a Wandsworth Common West Side, SW18 2EP | 449,000 |
| 07/07/2014 | 13a West Hill, SW18 1RB | 284,500 |
| 07/07/2014 | 31 Horizon House, Juniper Drive, SW18 1GH | 880,000 |
| 04/07/2014 | 14a North Side Wandsworth Common, SW18 2SL | 675,000 |
| 04/07/2014 | 26 Bassingham Road, SW18 3AG | 1,180,000 |
| 04/07/2014 | 12 Winfrith Road, SW18 3BD | 1,100,000 |
| 04/07/2014 | Flat 27, Park Lodge, 74 Wimbledon Park Road, SW18 5SH | 370,000 |
| 04/07/2014 | Flat 366, Anchor House, Smugglers Way, SW18 1EL | 461,000 |
| 04/07/2014 | Flat 2, Norfolk Mansions, Santos Road, SW18 1NU | 629,955 |
| 04/07/2014 | Flat 12, Almanac House, 180 East Hill, SW18 2HD | 475,000 |
| 04/07/2014 | 2b Quinton Street, SW18 3QS | 700,000 |
| 03/07/2014 | 15, Andrew Reed House, Linstead Way, SW18 5QD | 238,000 |
| 02/07/2014 | 30 Barchard Street, SW18 1DU | 595,000 |
| 02/07/2014 | 7 Haldon Road, SW18 1QD | 1,560,000 |
| 02/07/2014 | Ground Floor Flat, 363 Earlsfield Road, SW18 3DG | 535,000 |
| 02/07/2014 | Flat 5, 19 Wimbledon Park Road, SW18 1LU | 435,000 |
| 02/07/2014 | 101 Jasmine House, Juniper Drive, SW18 1GL | 785,000 |
| 02/07/2014 | 8 Horizon House, Juniper Drive, SW18 1GH | 532,500 |
| 01/07/2014 | 57 Engadine Street, SW18 5BZ | 1,120,311 |
| 01/07/2014 | 10 Hambledon Road, SW18 5UB | 850,000 |
| 01/07/2014 | 73 Bartholomew Close, SW18 1JG | 205,000 |
| 01/07/2014 | Flat 3, Ensign House, Juniper Drive, SW18 1TA | 470,000 |
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.
October 21, 2014Related links
|
