Home prices rise by 15.9% over the year
Data from the Land Registry for the month of September suggest there has been renewed strength in property values in Wimbledon.
There were 100 sales reported in the SW19 post code area at an average price of £789,900. This is one of the highest monthly averages on record and a significant increase from the previous month
For the third quarter of 2014 prices have risen by 15.9% compared to the same three months in the previous year. This brings the price increase over the last five years to 48.5% and 110.0% over the last decade.
During September here were 16 properties sold for over £1 million during the month the most expensive of which was a house in Parkside Avenue which changed hands for £6,700,000.
London property prices generally are up by 18.4% to £460,521 in the year to end September according to the Land Registry although they are slightly down from the level seen at the end of August. The a average house price in England and Wales is now £177,299 compared with the peak of £181,324 in November 2007. This is a rise of 7.2% compared with the same month last year.
The most up-to-date figures available show that during July 2014 the number of completed house sales in England & Wales increased by 7 per cent to 79,214 compared with 73,749 in July 2013. The number of properties sold in England and Wales for over £1 million in July 2014 increased by 19 per cent to 1,439 from 1,207 in July 2013.
The Royal Institution of Chartered Surveyors (RICS) are striking a cautious note pointing out that demand for property in London has been down for six months in a row. Prices are also falling in more recent months according to their survey which covers sales up to the end of October.
London is experiencing a fall in buyer demand with 62% more chartered surveyors reporting a fall over the last month. Significantly, a little more stock is now coming onto the market with 15% more chartered surveyors seeing a rise in new instructions up from 3% more last month. The RICS say that this points to the market in London moving towards a more sustainable position and they remain modestly positive on a twelve month view.
In London, tenant demand was broadly flat over the last quarter. Despite this, rents are still expected to continue to move higher albeit by a little less than 2 per cent over the next twelve months.
Simon Rubinsohn, RICS Chief Economist, said, 'The flatter trend in the market is partly a reflection of potential buyers becoming a little more cautious about making a purchase as more stringent lending criteria has made it harder to access mortgage finance. An increasing awareness of the approaching general election also appears to be contributing to the softer market if the responses to the latest survey are anything to go by. However, with new instructions still flat at a headline level as has been the case for most of the last year it seems implausible that the dip in demand will result in very much of a decline in house prices.'
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 2014 |
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Deed Date | Address | Price (£) |
30/09/2014 | 20 Parkside Avenue, SW19 5ES | 6,750,000 |
30/09/2014 | 23 Marryat Road, SW19 5BB | 6,500,000 |
30/09/2014 | 17 Ryfold Road, SW19 8DF | 1,065,000 |
30/09/2014 | 68 Trinity Road, SW19 8QZ | 730,000 |
30/09/2014 | 6 Beulah Road, SW19 3SB | 567,500 |
30/09/2014 | 79a Russell Road, SW19 1QN | 415,000 |
30/09/2014 | 81a Russell Road, SW19 1QN | 351,000 |
30/09/2014 | 26 Sutherland Drive, Colliers Wood, SW19 2UJ | 349,000 |
30/09/2014 | 173 Kipling Drive, Colliers Wood, SW19 1TN | 325,000 |
30/09/2014 | Flat 107, Reed House, 21 Durnsford Road, SW19 8GW | 290,000 |
29/09/2014 | 14 Victory Road, SW19 1HN | 806,500 |
26/09/2014 | 95 Stuart Road, SW19 8DJ | 1,040,000 |
26/09/2014 | 37 Birkbeck Road, SW19 8NZ | 969,500 |
26/09/2014 | 16 Birkbeck Road, SW19 8NZ | 940,000 |
26/09/2014 | 27 Dundonald Road, SW19 3QH | 755,000 |
26/09/2014 | 46 Mostyn Road, SW19 3LN | 612,000 |
26/09/2014 | 25 Cromwell Road, SW19 8LE | 560,000 |
26/09/2014 | 6 Grove Road, SW19 1BL | 475,000 |
26/09/2014 | 141 Selhurst Close, SW19 6AY | 450,000 |
26/09/2014 | Flat 5, Bramlands Court, 24 Stanley Road, SW19 8RF | 375,000 |
26/09/2014 | Flat 3, Kathleen Godfree Court, 80 Queens Road, SW19 8LB | 280,000 |
26/09/2014 | Flat 47, Cork House, 5 Durnsford Road, SW19 8GR | 136,500 |
25/09/2014 | 41 Merton Hall Road, SW19 3PR | 1,665,000 |
25/09/2014 | 6 Gap Road, SW19 8JG | 762,000 |
25/09/2014 | Flat 38, Kingfisher Court, 15 Queensmere Road, SW19 5PE | 400,000 |
25/09/2014 | Flat 5, Cascades Court 13-19, Hartfield Crescent, SW19 3RL | 399,000 |
25/09/2014 | 88 Fortescue Road, Colliers Wood, SW19 2EB | 360,000 |
24/09/2014 | 125 Melrose Avenue, SW19 8AU | 828,000 |
24/09/2014 | 17 Bertram Cottages, SW19 1LQ | 820,000 |
24/09/2014 | Flat 17, Nutborn House, 10 Clifton Road, SW19 4QT | 550,000 |
24/09/2014 | 46 Winterfold Close, SW19 6LE | 270,000 |
23/09/2014 | 5 Welford Place, SW19 5AJ | 1,570,000 |
23/09/2014 | 21 Woodside, SW19 7AR | 1,500,000 |
23/09/2014 | 24 Keswick Avenue, SW19 3JE | 845,000 |
23/09/2014 | 23 Willmore End, SW19 3DE | 435,000 |
22/09/2014 | 135 Clarence Road, SW19 8QB | 755,000 |
22/09/2014 | 59 Grove Road, SW19 1BJ | 482,500 |
22/09/2014 | 11, Greenwood, 31 Princes Way, SW19 6QH | 435,000 |
22/09/2014 | 59 Boundary Road, Colliers Wood, SW19 2AW | 392,500 |
19/09/2014 | Flat 10, Lakeview Court, Wimbledon Park Road, SW19 6PP | 710,000 |
19/09/2014 | 232 Durnsford Road, SW19 8DS | 620,000 |
19/09/2014 | Flat 3, 70 Queens Road, SW19 8LR | 497,000 |
19/09/2014 | Flat 1, 210 Queens Road, SW19 8LY | 440,550 |
19/09/2014 | 36 Quicks Road, SW19 1EY | 415,000 |
19/09/2014 | 46 Fulwood Walk, SW19 6RB | 390,000 |
19/09/2014 | 23 Montague Road, SW19 1TB | 365,000 |
19/09/2014 | 256 North Road, Colliers Wood, SW19 1TR | 315,000 |
18/09/2014 | 83 South Park Road, SW19 8RU | 1,261,503 |
18/09/2014 | 47 Havelock Road, SW19 8HE | 610,000 |
18/09/2014 | 15 All Saints Road, SW19 1BU | 605,000 |
18/09/2014 | Flat 28, Ambleside, Albert Drive, SW19 6JY | 350,000 |
17/09/2014 | 89 Wimbledon Park Side, SW19 5LR | 820,000 |
17/09/2014 | Flat 5, Marlborough House, Somerset Road, SW19 5HZ | 685,000 |
17/09/2014 | 11 Littlecote Close, SW19 6RL | 655,000 |
17/09/2014 | Flat 137, Reed House, 21 Durnsford Road, SW19 8GW | 299,950 |
16/09/2014 | 122 Clarence Road, SW19 8QD | 950,000 |
16/09/2014 | Apartment 1, 31 South Road, SW19 1UU | 419,950 |
15/09/2014 | 3 Crooked Billet, SW19 4RQ | 850,000 |
15/09/2014 | 247 South Park Road, SW19 8RY | 790,000 |
15/09/2014 | 19b Pelham Road, SW19 1SU | 400,000 |
15/09/2014 | 7 Sawkins Close, SW19 6JU | 385,000 |
15/09/2014 | Flat 8, Bonsor House 212-214, Merton Road, SW19 1EQ | 345,000 |
15/09/2014 | 30 Dinton Road, Colliers Wood, SW19 2AP | 260,000 |
15/09/2014 | 73 Brangwyn Crescent, Colliers Wood, SW19 2UA | 225,000 |
15/09/2014 | 12 Ruskin Way, Colliers Wood, SW19 2UP | 225,000 |
12/09/2014 | 81a Wimbledon Park Side, SW19 5LP | 1,951,514 |
12/09/2014 | 100 South Park Road, SW19 8SZ | 1,300,000 |
12/09/2014 | 49 Effra Road, SW19 8PS | 955,000 |
12/09/2014 | 5 Claudia Place, SW19 6ES | 627,550 |
12/09/2014 | 9 Harewood Road, Colliers Wood, SW19 2HD | 625,000 |
12/09/2014 | 8 King Charles Walk, SW19 6JA | 620,000 |
12/09/2014 | 23 Tibbets Close, SW19 6EF | 600,000 |
12/09/2014 | 42 Milton Road, SW19 8SE | 596,000 |
12/09/2014 | Flat 25, Edge Hill Court, Edge Hill, SW19 4LL | 499,950 |
12/09/2014 | Flat 16, Chartwell, Wimbledon Park Side, SW19 5LN | 499,950 |
12/09/2014 | 370 Church Road, Mitcham SW19 2QF | 375,000 |
11/09/2014 | 11 Marlborough Close, Colliers Wood, SW19 2HQ | 248,300 |
11/09/2014 | 33 Reynolds Close, Colliers Wood, SW19 2QJ | 217,000 |
09/09/2014 | 47 Caxton Road, SW19 8SJ | 627,000 |
08/09/2014 | 92 Norman Road, SW19 1BT | 670,000 |
08/09/2014 | 5 Meadow Road, SW19 2ND | 525,400 |
05/09/2014 | 87 Woodside, SW19 7BA | 1,605,000 |
05/09/2014 | 6 Bewley Street, SW19 1XB | 637,500 |
05/09/2014 | Flat 108, Reed House, 21 Durnsford Road, SW19 8GW | 295,000 |
04/09/2014 | 15 Deepdale, SW19 5EZ | 2,675,000 |
04/09/2014 | 17 Belvedere Grove, SW19 7RQ | 1,050,000 |
04/09/2014 | Flat C, 8 South Park Road, SW19 8ST | 450,000 |
04/09/2014 | Flat 47, Bassett House, 1 Durnsford Road, SW19 8EA | 382,500 |
04/09/2014 | 53 Clarendon Road, Colliers Wood, SW19 2DX | 250,000 |
03/09/2014 | 2 Bedgebury Gardens, SW19 6PH | 515,000 |
03/09/2014 | 23 Glen Albyn Road, SW19 6HB | 365,000 |
03/09/2014 | 52 Kimble Road, Colliers Wood, SW19 2AS | 299,950 |
03/09/2014 | Flat 1, 195-197, Merton Road, SW19 1EE | 200,000 |
02/09/2014 | 5a Homefield Road, SW19 4QE | 2,900,000 |
02/09/2014 | 50 Stroud Road, SW19 8DG | 1,020,000 |
02/09/2014 | 30 Abbey Road, SW19 2LZ | 490,000 |
01/09/2014 | 51a Parkside, SW19 5NE | 2,700,000 |
01/09/2014 | 13 Haydons Road, SW19 1HG | 474,400 |
01/09/2014 | 9 Pitt Crescent, SW19 8HT | 451,000 |
01/09/2014 | Flat 10, Cloisters House, 53 Griffiths Road, SW19 1SS | 192,000 |
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Source: Land Registry
February 24, 2015