Wimbledon Property Values Hit All-Time High
Record price for Old Rectory House drives average to new record
The latest official numbers show that the average price of a property in the SW19 post code area reached an all-time high in the third quarter of this year.
There were 385 homes reported to the Land Registry as being sold from July to September at an average of £665,207. However, this includes the all-time record price paid for a residential property in Wimbledon - the sale of Old Rectory House in Church Road for £17,500,000.
Old Rectory House
It is Wimbledon's oldest inhabited building with much of the structure dating back to Tudor times. It was taken over by the Crown during the dissolution of the monasteries and Henry VII stayed there in 1546. As he was too bloated to get up the stairs a bedroom was created for him in the main entrance hall. After his death it became the residence of Sir William Cecil, a key advisor to Elizabeth I.
Owners since then have include Brian May, the Queen guitarist. The previous owners had paid £3,750,000 for the detached property in 1998 although its new owners may have got a bargain because the original guide price for the property was £26 million. The Grade II listed building includes seven bedrooms and 13,000 sq ft of accommodation space.
If you exclude this sale from the quarterly figures the average price in Wimbledon for the period is no longer a record at £621,336 and the peak of the market was in the first quarter of this year.
Over the last year the average price (including Old Rectory House) is up by 15.8%. Over five years prices have risen by 45.9% and over the last decade they have more than doubled up by 113.2%
Edward Foley, owner of Winkworth Estate Agents in Wimbledon, said: "Winkworth have experienced a very active third quarter of the year. Demand remains strong with new buyers registered up by 38% compared with the same time last year. Sales prices have achieved record highs with multiple offers on some properties. Average £ per sq.ft values have also been rising as competition for properties increases.
"There has been the strongest growth in the sub £2m market driven by the higher stamp duty charges for £2m+ properties introduced at last years budget. We have also seen many families moving out from more central parts of London attracted by the excellent schools Wimbledon has to offer and slightly more value for money."
The September data from Land Registry's House Price Index shows that London remains the best performing property market in England and Wales. The average price of a home in the capital rose by 9.3% over the year to £393,462.
Jon Pishiri, RICS London residential spokesperson said: "Increasing demand and continuing low supply are major determinants in London prices being pushed up. The Help to Buy initiative coupled with rising rental values are further encouraging people to purchase a house as opposed to renting. There is an obvious need to increase supply to the market in order to address this problem."
For the country as a whole prices rose by 3.4% which takes the average property value in England and Wales to £167,063. Repossession volumes decreased by 28 per cent in July 2013 to 1,187 compared with 1,645 in July 2012.
The number of properties sold in England and Wales for over £1 million in July 2013 increased by 34 per cent to 1,143 from 852 in July 2012.
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.
WimbledonSW19.com is the only place that you will find detailed analysis of the Wimbledon property market.
Property Sales in Wimbledon - September 2013/October 2013 |
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|---|---|---|
| Deed Date | Address | Price (£) |
| 28/10/2013 | 60 Nelson Road, SW19 1HX | 560,000 |
| 26/10/2013 | 32 Kingsley Road, SW19 8HF | 460,000 |
| 25/10/2013 | 14 Plough Lane, SW19 8HA | 265,000 |
| 25/10/2013 | Flat 1, Oakhill Court, Edge Hill, SW19 4NR | 467,500 |
| 25/10/2013 | 15 Effra Road, SW19 8PW | 877,248 |
| 24/10/2013 | 148a South Park Road, SW19 8TA | 385,000 |
| 24/10/2013 | Flat 2, Emerson Court, Wimbledon Hill Road, SW19 7PQ | 499,000 |
| 22/10/2013 | Flat 7, Kings View Court 115b, Ridgway, SW19 4RW | 378,000 |
| 21/10/2013 | 7 Hardy Road, SW19 1JA | 599,950 |
| 18/10/2013 | 163 Kipling Drive, Colliers Wood, SW19 1TN | 277,500 |
| 18/10/2013 | Flat 2, Lelliot Court 2a, Edge Hill, SW19 4LP | 280,000 |
| 18/10/2013 | 17 Lydney Close, SW19 6JN | 340,000 |
| 18/10/2013 | 7 Levana Close, SW19 6HP | 475,000 |
| 18/10/2013 | Flat 3a, Normanhurst, Cecil Road, SW19 1JS | 477,500 |
| 18/10/2013 | 29 Belvedere Square, SW19 5DJ | 560,000 |
| 18/10/2013 | 37 Effra Road, SW19 8PW | 835,000 |
| 18/10/2013 | 16 Southlands Drive, SW19 5QB | 906,000 |
| 18/10/2013 | 2 Rostrevor Road, SW19 7AP | 1,100,000 |
| 18/10/2013 | 31 Crescent Gardens, SW19 8AJ | 1,152,050 |
| 18/10/2013 | 94 Home Park Road, SW19 7HR | 1,425,000 |
| 17/10/2013 | 31 Lacock Close, SW19 1BG | 390,000 |
| 17/10/2013 | 9 Salisbury Road, SW19 4EZ | 1,210,000 |
| 16/10/2013 | Flat 18, Viscount Point, 199 The Broadway, SW19 1NL | 460,000 |
| 16/10/2013 | 17 Newstead Way, SW19 5HR | 892,500 |
| 15/10/2013 | 41 Alverstone Avenue, SW19 8BD | 740,000 |
| 15/10/2013 | 77 Bathgate Road, SW19 5PQ | 835,000 |
| 15/10/2013 | 23 Leeward Gardens, SW19 7QR | 1,150,000 |
| 14/10/2013 | 13a High Street Wimbledon, SW19 5DX | 750,000 |
| 11/10/2013 | 143a Kingston Road, SW19 1LJ | 238,000 |
| 11/10/2013 | Flat 15, Fernwood, Albert Drive, SW19 6LR | 280,000 |
| 11/10/2013 | Flat 3, 8 Henfield Road, SW19 3HU | 314,950 |
| 11/10/2013 | 31 Laburnum Road, SW19 1BH | 449,950 |
| 11/10/2013 | 2 Beech Close, SW19 4TU | 713,000 |
| 10/10/2013 | 12 Reynolds Close, Colliers Wood, SW19 2QJ | 220,000 |
| 10/10/2013 | 46 Haydon Park Road, SW19 8JY | 1,175,000 |
| 09/10/2013 | Flat 11, 4 Chapter Way, Colliers Wood, SW19 2RZ | 237,000 |
| 08/10/2013 | Flat 12, Edgecombe House, Whitlock Drive, SW19 6SL | 225,000 |
| 08/10/2013 | Flat 7, Stretford Court, 110 Worple Road, SW19 4JB | 405,000 |
| 08/10/2013 | Flat 26, Chivelston, 78 Wimbledon Park Side, SW19 5LH | 487,500 |
| 07/10/2013 | 38 Dane Road, SW19 2NB | 300,000 |
| 07/10/2013 | 65 Sandbourne Avenue, SW19 3EH | 500,000 |
| 07/10/2013 | 37 Cranleigh Road, SW19 3LX | 625,000 |
| 04/10/2013 | 54 Dinton Road, Colliers Wood, SW19 2AP | 209,000 |
| 04/10/2013 | 53 Shelley Way, Colliers Wood, SW19 1TH | 230,000 |
| 04/10/2013 | Flat 1, 24 Dreadnought Close, Colliers Wood, SW19 2TA | 280,000 |
| 04/10/2013 | 40 Wandle Bank, Colliers Wood, SW19 1DW | 445,000 |
| 04/10/2013 | 38 Wandle Bank, Colliers Wood, SW19 1DW | 535,000 |
| 04/10/2013 | 16 Poplar Road, SW19 3JR | 655,000 |
| 04/10/2013 | 25 Chapman Square, SW19 5QR | 695,000 |
| 04/10/2013 | 120 Florence Road, SW19 8TN | 735,000 |
| 04/10/2013 | 18 Chapman Square, SW19 5QR | 775,000 |
| 04/10/2013 | 12 Dora Road, SW19 7HH | 1,300,000 |
| 04/10/2013 | 384 Wimbledon Park Road, SW19 6PJ | 1,700,000 |
| 03/10/2013 | 28 Belvedere Square, SW19 5DJ | 560,000 |
| 03/10/2013 | 2, Wesley Court, Griffiths Road, SW19 1SP | 650,000 |
| 02/10/2013 | 48 Haydon Park Road, SW19 8JY | 1,144,000 |
| 01/10/2013 | 43 Gap Road, SW19 8JE | 565,000 |
| 01/10/2013 | 5 Waldemar Road, SW19 7LJ | 935,000 |
| 30/09/2013 | 4 Fulwood Walk, SW19 6RB | 275,000 |
| 30/09/2013 | 5 Windermere Avenue, SW19 3EP | 480,000 |
| 30/09/2013 | Flat 25, Woodside House, Woodside, SW19 7QN | 480,000 |
| 30/09/2013 | 70 Quicks Road, SW19 1EX | 588,750 |
| 30/09/2013 | 37 Wellington Road, SW19 8EQ | 685,000 |
| 27/09/2013 | Flat 1, 116 Worple Road, SW19 4JB | 275,000 |
| 27/09/2013 | Flat 14, Florence Court, Sunnyside, SW19 4SG | 280,000 |
| 27/09/2013 | Flat 10, Radley Lodge, Inner Park Road, SW19 6DG | 325,000 |
| 27/09/2013 | 12 Burghley Hall Close, SW19 6TN | 335,000 |
| 27/09/2013 | 36 Cromwell Road, SW19 8LZ | 390,000 |
| 27/09/2013 | 12 Devonshire Road, Colliers Wood, SW19 2EN | 500,000 |
| 27/09/2013 | 3 Homefield Road, SW19 4QE | 520,000 |
| 27/09/2013 | 52 Florence Road, SW19 8TJ | 590,000 |
| 27/09/2013 | 132 Melrose Avenue, SW19 8AX | 732,000 |
| 27/09/2013 | Flat 2, 54 Ridgway, SW19 4QR | 930,000 |
| 27/09/2013 | 59 Latimer Road, SW19 1EW | 999,950 |
| 27/09/2013 | 21 Southdean Gardens, SW19 6NT | 1,270,000 |
| 26/09/2013 | Flat 5, Hartfield Mansions, Hartfield Road, SW19 3TA | 325,000 |
| 26/09/2013 | 136 Selhurst Close, SW19 6AZ | 325,000 |
| 26/09/2013 | 140 Florence Road, SW19 8TN | 755,000 |
| 26/09/2013 | 46 South Park Road, SW19 8SZ | 985,000 |
| 25/09/2013 | 8 New Close, SW19 2SY | 140,000 |
| 25/09/2013 | 35 Selhurst Close, SW19 6AY | 205,000 |
| 25/09/2013 | 11 Alphea Close, Colliers Wood, SW19 2EP | 241,000 |
| 25/09/2013 | 1a Courtney Road, Colliers Wood, SW19 2EE | 265,000 |
| 25/09/2013 | 61 Brangwyn Crescent, Colliers Wood, SW19 2UA | 288,500 |
| 25/09/2013 | Flat 6, 49 Augustus Road, SW19 6LW | 340,000 |
| 25/09/2013 | Flat B, 15 Elm Grove, SW19 4HE | 520,000 |
| 25/09/2013 | 314a Haydons Road, SW19 8JZ | 550,000 |
| 25/09/2013 | 6 Queensland Avenue, SW19 3AD | 550,000 |
| 25/09/2013 | 18 Kingswood Road, SW19 3NE | 945,000 |
| 24/09/2013 | 46a Dryden Road, SW19 8SG | 280,000 |
| 24/09/2013 | Flat 15, Regency Court, 55 Hartfield Road, SW19 3SF | 399,000 |
| 24/09/2013 | 51 Faraday Road, SW19 8PE | 499,999 |
| 24/09/2013 | 52 Effra Road, SW19 8PP | 875,000 |
| 23/09/2013 | Flat 5, Chagford Court, 57 Devonshire Road, Colliers Wood, SW19 2EJ | 203,000 |
| 23/09/2013 | 12 Strathearn Road, SW19 7LH | 319,000 |
| 23/09/2013 | Flat 1, 54 Alexandra Road, SW19 7LB | 499,950 |
| 23/09/2013 | 86 Grasmere Avenue, SW19 3DX | 550,000 |
| 23/09/2013 | Flat 2, Burghley House, Somerset Road, SW19 5JB | 770,000 |
| 23/09/2013 | 2 Pine Grove, SW19 7HE | 1,605,000 |
| 20/09/2013 | 244 Brangwyn Crescent, Colliers Wood, SW19 2UF | 140,000 |
| 20/09/2013 | 176b Hartfield Road, SW19 3TQ | 212,000 |
| 20/09/2013 | Flat 5, 22a Marlborough Road, Colliers Wood, SW19 2HG | 220,000 |
| 20/09/2013 | Flat 9, Doradus Court, Augustus Road, SW19 6EX | 310,000 |
| 20/09/2013 | Flat 6, 84 Worple Road, SW19 4HZ | 337,000 |
| 20/09/2013 | 49 Bournemouth Road, SW19 3AR | 932,000 |
| 19/09/2013 | 6 Hotham Road, SW19 1BS | 495,000 |
| 19/09/2013 | 52 Havelock Road, SW19 8HD | 530,000 |
| 19/09/2013 | 28 Poplar Road, SW19 3JR | 680,000 |
| 19/09/2013 | 122 Mostyn Road, SW19 3LR | 925,000 |
| 18/09/2013 | Flat 4, Salisbury House, Somerset Road, SW19 5HY | 575,000 |
| 18/09/2013 | 12 Edge Hill, SW19 4LP | 3,000,000 |
| 17/09/2013 | 164 Queens Road, SW19 8LX | 1,225,000 |
| 16/09/2013 | 59 Smithwood Close, SW19 6JL | 250,000 |
| 16/09/2013 | 13 Mill Road, SW19 2NE | 379,950 |
| 16/09/2013 | 72 Morden Road, SW19 3BP | 420,000 |
| 16/09/2013 | 91 Cavendish Road, Colliers Wood, SW19 2EY | 610,000 |
| 16/09/2013 | 63 Chapman Square, SW19 5QU | 675,000 |
| 16/09/2013 | 2 Caroline Road, SW19 3QL | 720,000 |
| 13/09/2013 | Flat 12, Herbert House, 8 Elm Grove, SW19 4JP | 75,000 |
| 13/09/2013 | 123 Kipling Drive, Colliers Wood, SW19 1TL | 285,000 |
| 13/09/2013 | 12a Birdhurst Road, Colliers Wood, SW19 2HZ | 295,000 |
| 13/09/2013 | Flat 2, 249 Kingston Road, SW19 3NW | 325,000 |
| 13/09/2013 | 61a Graham Road, SW19 3SW | 425,000 |
| 13/09/2013 | 63 Victory Road, SW19 1HP | 565,000 |
| 13/09/2013 | 206 South Park Road, SW19 8TA | 795,000 |
| 12/09/2013 | Flat 48, Edgecombe House, Whitlock Drive, SW19 6SL | 212,500 |
| 12/09/2013 | 15 Selhurst Close, SW19 6AY | 285,000 |
| 12/09/2013 | 20 Hartfield Crescent, SW19 3SD | 360,000 |
| 12/09/2013 | 47a Rayleigh Road, SW19 3RE | 490,000 |
| 12/09/2013 | 45 Havelock Road, SW19 8HE | 570,000 |
| 12/09/2013 | 57a Haydon Park Road, SW19 8JQ | 625,000 |
| 12/09/2013 | 11 Winifred Road, SW19 3AS | 860,000 |
| 12/09/2013 | 52 Ridgway, SW19 4QR | 1,495,000 |
| 11/09/2013 | 34 Willow View, Colliers Wood, SW19 2UR | 200,000 |
| 11/09/2013 | Flat 2, 55 Hamilton Road, SW19 1JG | 441,000 |
| 11/09/2013 | 5a Florence Road, SW19 8TH | 475,000 |
| 10/09/2013 | Flat 10, Florence Court, Sunnyside, SW19 4SG | 325,000 |
| 09/09/2013 | 45 Selhurst Close, SW19 6AY | 215,000 |
| 09/09/2013 | Flat 12, Reed House, 21 Durnsford Road, SW19 8GU | 240,000 |
| 06/09/2013 | 24 Shelley Way, Colliers Wood, SW19 1TS | 212,500 |
| 06/09/2013 | 20 Lydney Close, SW19 6JN | 242,000 |
| 06/09/2013 | Flat 11, Martin Court, 48 Pelham Road, SW19 1NP | 250,000 |
| 06/09/2013 | Flat 2, Oakman House, Tilford Gardens, SW19 6EP | 250,000 |
| 06/09/2013 | 2 Fortescue Road, Colliers Wood, SW19 2EB | 270,000 |
| 06/09/2013 | 49 Weydown Close, SW19 6JG | 270,000 |
| 06/09/2013 | 9 Haydons Road, SW19 1HG | 285,000 |
| 06/09/2013 | Flat 3, Ash Court, 56 Worple Road, SW19 4EY | 296,000 |
| 06/09/2013 | First Floor Flat At, 106 The Broadway, SW19 1RH | 315,000 |
| 06/09/2013 | 73 Nelson Road, SW19 1HU | 400,000 |
| 06/09/2013 | 295 Haydons Road, SW19 8TX | 407,050 |
| 06/09/2013 | 2 Milton Road, SW19 8SE | 552,000 |
| 06/09/2013 | 14 Strathearn Road, SW19 7LH | 600,000 |
| 06/09/2013 | 42 Southlands Drive, SW19 5QH | 650,000 |
| 06/09/2013 | Flat 10, Chimneys Court, 119 Ridgway, SW19 4RE | 690,000 |
| 06/09/2013 | 1 The Crescent, SW19 8AW | 892,000 |
| 06/09/2013 | 1 Chapman Square, SW19 5QQ | 1,350,000 |
| 05/09/2013 | 81 Cavendish Road, Colliers Wood, SW19 2EY | 485,000 |
| 05/09/2013 | Flat 12, Harrowdene Court, 6 Belvedere Drive, SW19 7BY | 749,400 |
| 05/09/2013 | 173 Graham Road, SW19 3SL | 835,000 |
| 05/09/2013 | 2 Parkwood Road, SW19 7AQ | 1,450,000 |
| 05/09/2013 | 3 Lampton House Close, SW19 5EX | 1,895,000 |
| 05/09/2013 | 5 Rectory Orchard, SW19 5AS | 1,950,000 |
| 05/09/2013 | 27 Bathgate Road, SW19 5PW | 2,350,000 |
| 05/09/2013 | 8 Lauriston Road, SW19 4TQ | 2,650,000 |
| 04/09/2013 | 49 Kipling Drive, Colliers Wood, SW19 1TJ | 250,000 |
| 04/09/2013 | Apartment 5, 14 East Road, SW19 1UY | 279,950 |
| 04/09/2013 | Flat 3, Heritage House, 21 Inner Park Road, SW19 6ED | 310,000 |
| 04/09/2013 | 174 Effra Road, SW19 8QA | 869,000 |
| 04/09/2013 | 3b Alwyne Road, SW19 7AB | 1,080,000 |
| 04/09/2013 | 25 Bathgate Road, SW19 5PW | 2,450,000 |
| 04/09/2013 | 4 Murray Road, SW19 4PB | 3,650,000 |
| 03/09/2013 | 2 Plough Lane, SW19 8HA | 165,000 |
| 03/09/2013 | Flat 18, Emerson Court, Wimbledon Hill Road, SW19 7PQ | 307,000 |
| 03/09/2013 | 7 Melrose Road, SW19 3HF | 670,000 |
| 03/09/2013 | 35 Alverstone Avenue, SW19 8BD | 921,500 |
| 02/09/2013 | Flat 11, Parkside House, High Street Wimbledon, SW19 5AY | 282,000 |
| 02/09/2013 | 38 Durnsford Avenue, SW19 8BH | 740,000 |
| 02/09/2013 | 4 The Crescent, SW19 8AN | 920,000 |
| 02/09/2013 | 12 Midmoor Road, SW19 4JD | 940,000 |
| 02/09/2013 | 71 Merton Hall Road, SW19 3PX | 1,512,500 |
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Source: Land Registry
December 5, 2013