Wandsworth Property Start Year on a Quiet Note

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Transaction levels continue to be well below historic norms

Property sales in Wandsworth continue to be in the doldrums with turnover well down on historic levels.

Only 108 sales have been reported to the Land Registry in the SW18 post code area since the end of January this year. The average price was close to historic highs at £727,153.

Of these 20 went for over a million pounds the top priced of which was a three bedroom flat in Chapelier House, Eastfields Avenue which changed hands for £2,599,500.

The Land Registry’s March data for London shows a 13.9% rise over the last year to £534,785. This is higher than any other part of the country and makes London average twice the average for any other part of the country including the South East.

Annual growth of 6.7% in March brings the average house price in England and Wales to £189,901.

The latest survey by the Royal Institution of Chartered Surveyors (RICS) has revealed that growth in the private and public housing sectors in London slowed down considerably. Private housing workloads rose at their slowest pace since Q4 2012, with only 20% more of those working in the sector reporting a rise in activity rather than a fall over the first quarter of 2016. During the last quarter of 2015 that figure was 44 per cent.

This easing in the private housing sector has not been offset by any increase in the construction of public housing, with growth in this sector remaining broadly unchanged from the previous quarter, and just 11% more surveyors reporting a rise rather than a fall in activity.

RICS Chief Economist, Simon Rubinsohn said, “On the surface, it might seem surprising that we are witnessing a slowdown in the construction sector just a few months after hearing the Chancellor’s ‘We Are The Builders’ speech, given the Government’s significant commitment to this sector. One might well ask why growth in private housing workloads is softening at a time when policy is firmly focussed on the creation of new starter homes. We have long held the view that starter homes cannot be the only solution. There is an issue around the availability of land on which new houses can be built, and we would like to see more being done to free up private brownfield sites.

“Our survey tells us that planning delays are one of the biggest barriers to growth in the construction sector. We have recommended that councils work together to create a team of emergency planners who can parachute into boroughs that are experiencing significant delays, therefore reducing a major growth barrier.

“That said, we cannot discount the climate of uncertainty caused by the forthcoming EU referendum. We know that a range of sectors have been affected by these issues as investors look to delay.

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.

Wandsworth SW18 Property Prices - February - March 2016
Date	Address	Post Code	Price (£)
24/03/2016	4, Stonemasons Yard	SW18 3NR	1,100,000
23/03/2016	125, Engadine Street	SW18 5DU	893,000
21/03/2016	Flat 26 Bembridge House, 1, Iron Mill Road	SW18 2AQ	405,000
18/03/2016	7, Westdean Close	SW18 2JX	317,000
18/03/2016	50, Geraldine Road	SW18 2NT	1,650,000
18/03/2016	54, Bucharest Road	SW18 3AR	1,100,000
18/03/2016	58, Crowthorne Close	SW18 5RX	367,000
17/03/2016	Flat A 1, Tonsley Road	SW18 1BG	555,000
17/03/2016	Flat 4 319, Trinity Road	SW18 3SL	370,000
17/03/2016	Flat 11 136, Garratt Lane	SW18 4EE	470,000
16/03/2016	246C, Earlsfield Road	SW18 3DY	395,000
16/03/2016	42, Wincanton Road	SW18 5TY	500,000
15/03/2016	43, Tonsley Place	SW18 1BH	1,335,000
15/03/2016	Flat 230 Compass House, Smugglers Way	SW18 1DQ	1,350,000
15/03/2016	Ground Floor And Basement 350, Old York Road	SW18 1SS	120,000
15/03/2016	54, Strathville Road	SW18 4RB	845,000
15/03/2016	7, Elsenham Street	SW18 5NU	910,000
11/03/2016	17, Coleford Road	SW18 1AD	1,325,000
11/03/2016	Flat 247 Bluewater House, Smugglers Way	SW18 1EA	545,000
11/03/2016	36 Trafalgar House, Juniper Drive	SW18 1GY	2,250,000
11/03/2016	10, Dingwall Road	SW18 3AZ	850,000
11/03/2016	10A, Atheldene Road	SW18 3BW	560,000
11/03/2016	12, Bowman Mews	SW18 5TN	610,000
10/03/2016	Flat 11 Rodale Mansions, 6, Borrodaile Road	SW18 2LL	177,486
10/03/2016	172, Tranmere Road	SW18 3QU	821,600
10/03/2016	Flat 110 Voltaire Buildings, 330, Garratt Lane	SW18 4FR	427,500
10/03/2016	152, Heythorp Street	SW18 5BU	1,240,000
10/03/2016	First Floor Flat 139, Merton Road	SW18 5EH	415,000
09/03/2016	120A, Penwith Road	SW18 4QE	750,000
07/03/2016	529B, Garratt Lane	SW18 4SR	340,000
04/03/2016	74C, East Hill	SW18 2HG	630,000
04/03/2016	183 - 189, St Anns Hill	SW18 2RX	555,000
04/03/2016	Flat 7 Skipsea House, Fitzhugh Grove	SW18 3SF	375,000
04/03/2016	2 George View House, 36, Knaresborough Drive	SW18 4GT	600,000
04/03/2016	112, Trentham Street	SW18 5DJ	1,085,000
03/03/2016	80, Camborne Road	SW18 4BJ	940,000
03/03/2016	86, Camborne Road	SW18 4BJ	890,000
02/03/2016	22, Longfield Street	SW18 5RE	710,000
01/03/2016	Apartment 12 Skydec Apartments, 30, Heathfield Road	SW18 3HP	407,000
01/03/2016	13A, Summerley Street	SW18 4ET	320,000
29/02/2016	29, Weybourne Street	SW18 4HG	980,000
29/02/2016	105B, West Hill Road	SW18 5HR	480,000
29/02/2016	44, Hambledon Road	SW18 5UB	950,000
26/02/2016	14 Horizon House, Juniper Drive	SW18 1GH	730,000
26/02/2016	25 Commodore House, Juniper Drive	SW18 1TW	675,000
26/02/2016	23, Melody Road	SW18 2QW	1,900,000
26/02/2016	102A, Swaby Road	SW18 3QZ	667,500
26/02/2016	79 George View House, 36, Knaresborough Drive	SW18 4GT	599,950
26/02/2016	63, Ravensbury Road	SW18 4RX	820,000
26/02/2016	Flat 6 Times Court, 24, Ravensbury Road	SW18 4RZ	325,000
26/02/2016	3, Revelstoke Road	SW18 5NJ	780,000
26/02/2016	Lower Flat 128, Merton Road	SW18 5SP	696,950
25/02/2016	35, Freshford Street	SW18 3TG	985,000
25/02/2016	17 Waterbank House, 34, Knaresborough Drive	SW18 4FU	599,950
24/02/2016	Flat 11 Merton House, Merton Road	SW18 5LA	432,500
23/02/2016	Flat 2 4, Huguenot Place	SW18 2EN	435,000
23/02/2016	Flat 7 Hardy Court, 1, Furmage Street	SW18 4GH	163,950
22/02/2016	Flat 33 Fairfield Court, Fairfield Street	SW18 1DZ	351,000
22/02/2016	Flat 15 Mill Court, 432, Merton Road	SW18 5AE	174,000
19/02/2016	4, Ericcson Close	SW18 1SG	369,000
19/02/2016	55, St Anns Hill	SW18 2EZ	1,299,950
19/02/2016	45, Geraldine Road	SW18 2NR	1,700,000
19/02/2016	29, Vanderbilt Road	SW18 3BG	1,200,000
19/02/2016	65, Camborne Road	SW18 4BH	730,000
19/02/2016	First Floor Flat 414, Garratt Lane	SW18 4HW	321,000
19/02/2016	451, Garratt Lane	SW18 4SL	545,000
19/02/2016	Flat 3 Mastin House, Merton Road	SW18 5JY	465,000
19/02/2016	54, Gressenhall Road	SW18 5QJ	415,000
18/02/2016	61, Openview	SW18 3PD	785,000
18/02/2016	39, Tranmere Road	SW18 3QH	590,000
18/02/2016	17 George View House, 36, Knaresborough Drive	SW18 4GT	599,950
18/02/2016	101, Replingham Road	SW18 5LU	609,160
17/02/2016	Flat 3 Langford Lofts, 190, Garratt Lane	SW18 4ED	485,000
17/02/2016	99 George View House, 36, Knaresborough Drive	SW18 4GU	650,000
15/02/2016	Flat 34 Dolphin House, Smugglers Way	SW18 1DE	520,000
15/02/2016	7, Bucharest Road	SW18 3AS	1,245,000
15/02/2016	Ground Floor And Basement Flat 286, Earlsfield Road	SW18 3EH	540,000
15/02/2016	26, Trentham Street	SW18 5AT	505,000
15/02/2016	168, Elborough Street	SW18 5DL	1,040,000
12/02/2016	Apartment 309 3, Eastfields Avenue	SW18 1GN	730,000
12/02/2016	34 Quarter House, Juniper Drive	SW18 1GX	535,000
12/02/2016	Ground Floor Flat 63, Haldon Road	SW18 1QF	512,500
12/02/2016	11B, St Anns Crescent	SW18 2ND	615,000
12/02/2016	11, Brocklebank Road	SW18 3AP	1,040,000
12/02/2016	5, Tilehurst Road	SW18 3EU	830,000
12/02/2016	Flat 1 Acuba House, Acuba Road	SW18 4QS	465,000
12/02/2016	84, Pirbright Road	SW18 5NA	995,000
11/02/2016	Unit 6 Compass House, Smugglers Way	SW18 1DB	712,000
11/02/2016	5 Francis House 25, Eltringham Street	SW18 1GU	725,000
11/02/2016	136, Wimbledon Park Road	SW18 5UG	1,510,000
09/02/2016	Flat 71 Dolphin House, Smugglers Way	SW18 1DF	500,000
09/02/2016	23A, Steerforth Street	SW18 4HH	515,000
09/02/2016	184, Replingham Road	SW18 5LJ	650,000
08/02/2016	Flat 5 Norfolk Mansions, Santos Road	SW18 1NU	600,000
08/02/2016	13, Longstaff Crescent	SW18 4BA	591,500
05/02/2016	Lower Ground Floor Flat 26, Santos Road	SW18 1NS	520,000
05/02/2016	15C, Crealock Street	SW18 2BS	670,000
05/02/2016	50, Phoenix Way	SW18 2PW	376,000
05/02/2016	61A, Penwith Road	SW18 4PX	622,500
05/02/2016	6A, Lainson Street	SW18 5RS	406,000
04/02/2016	Flat 5 Bolting House, 28, Armoury Way	SW18 1HZ	452,000
04/02/2016	150, Trentham Street	SW18 5DJ	1,112,500
03/02/2016	2 Retreat Apartments, 8, Furmage Street	SW18 4BF	466,597
02/02/2016	6, Dawlish Avenue	SW18 4RW	801,000
01/02/2016	601 Chapelier House, Eastfields Avenue	SW18 1LR	2,599,500
01/02/2016	Flat 27 Binstead House, 5, Vermont Road	SW18 2AD	380,000
01/02/2016	13, Trefoil Road	SW18 2EG	1,350,000
01/02/2016	Flat 3 Cumber House, Merton Road	SW18 5JZ	385,000

 

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.

June 14, 2016