Latest sales give hope of price recovery
Property sales so far this year are suggesting that home prices are stabilising. The average property transaction so far for February and March is £530,709 much higher than that seen in the previous three months. However volumes remain extremely thin.
The average price of a home sold in the first quarter is up by 12.2%, however a closer look at the figures suggest a two tier market is developing. There is renewed volume at the top end of the market with transactions of detached properties appearing in the figures for the first time in several quarters. Prices of terraced houses have also rallied although it should be pointed out that only 15 changed hands in the period under review.
On the other hand flat prices are down by 8.8% so far this year having held up relatively well previously.
The average Putney property cost £434,198 over the first three months of this year which is slightly above the same period last year. The overall average is likely to be distorted by the renewed activity in higher priced properties and it is likely that most local homes have fallen in value over that period.
Volumes continue to be poor with turnover at about three quarters of what it had been three years ago.
The Land Registry data for March for the country as a whole shows an annual house price change of -16.2%. This brings price levels back to those seen in August 2004.
London prices have fallen by 15.4 % to £299,613. Prices did rise slightly in March, the first time in a year the price index has seen a positive change.
Properties Sold in SW15 - February 2009
| Address | Price (£) |
Deed Date |
| 63, Chelverton Road, SW15 1RW | 960,000 |
27/02/2009 |
| 2 Apartment, Park Royal, Kingston Vale, SW15 3RN | 287,500 |
27/02/2009 |
| 56, Deodar Road, SW15 2NN | 915,000 |
27/02/2009 |
| Flat 7, 12 Braemar, Kersfield Road, SW15 3HG | 300,000 |
27/02/2009 |
| 42, Pleasance Road, SW15 5HJ | 400,000 |
27/02/2009 |
| 1, Rockland Road, SW15 2LN | 915,000 |
26/02/2009 |
| Flat 12, 10 Anne Kerr Court, Kersfield Road, SW15 3HP | 225,000 |
26/02/2009 |
| 94, Frensham Drive, SW15 3EF | 180,000 |
26/02/2009 |
| Second Floor Flat, 171, Lower Richmond Road, SW15 1HH | 285,000 |
24/02/2009 |
| 2, Kingsclere Close, SW15 4EY | 220,000 |
24/02/2009 |
| 9, Roskell Road, SW15 1DS | 785,000 |
20/02/2009 |
| 6, Festing Road, SW15 1LP | 590,000 |
20/02/2009 |
| Flat 14, 7 Craigleith, Kersfield Road, SW15 3HN | 260,000 |
20/02/2009 |
| 9, Holmbush Road, SW15 3LE | 1,100,000 |
20/02/2009 |
| 100, Stroud Crescent, SW15 3EH | 210,000 |
18/02/2009 |
| Flat 19, Keswick Heights, Keswick Road, SW15 2JR | 307,000 |
16/02/2009 |
| Ground Floor Flat At, 7, Enmore Road, SW15 6LL | 467,650 |
16/02/2009 |
| Flat 54, Kenilworth Court, Lower Richmond Road, SW15 1EN | 430,000 |
13/02/2009 |
| 103a, Robin Hood Way, SW15 3QE | 120,000 |
13/02/2009 |
| 13, Atney Road, SW15 2PS | 185,000 |
13/02/2009 |
| Flat A402, Gilbert Scott Building, Scott Avenue, SW15 3SG | 265,895 |
13/02/2009 |
| 81, 1 Queen Marys House, Holford Way, SW15 5DU | 430,000 |
13/02/2009 |
| Flat 12, 3 Shelburne Court, Carlton Drive, SW15 2DQ | 174,995 |
12/02/2009 |
| Flat 19, Selwyn House, Manor Fields, SW15 3LR | 410,000 |
12/02/2009 |
| 38, Bective Road, SW15 2QA | 625,000 |
11/02/2009 |
| Flat 3, 25, Keswick Road, SW15 2JA | 250,000 |
06/02/2009 |
| Flat 3, 1, Holmbush Road, SW15 3LE | 250,000 |
06/02/2009 |
| 53, Bangalore Street, SW15 1QF | 717,000 |
06/02/2009 |
| 8, Rockland Road, SW15 2LN | 499,950 |
06/02/2009 |
| 43, Chelverton Road, SW15 1RN | 825,000 |
03/02/2009 |
Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by PutneySW15.com. Any use of these numbers should jointly attribute the Land Registry and PutneySW15.com.
February 26, 2009
