Wimbledon Property Sales - September 2015
Local residential property market reaches new record levels
After seeming to pause for breath in the previous month the Wimbledon property market surged to new record levels in September.
During the month there were 116 sales reported to the Land Registry in the SW19 post code area at an average of £865,468.
Of these 29 went for over one million with the highest price being paid for a house in Marryat Road. At £6,100,000 this was not enough to make it into the top twenty sales of all time.
The September figures from the Land Registry’s Market Trend Data survey show that London remains the country’s best performing area in terms of residential property price rises. The average price in the capital is now just short of half a million at £499,997 up by 9.6% over the last year. The average property value in England and Wales rose by 5.3%to £186,553. Monthly house prices up 1.0 per cent since August 2015.
The number of completed house sales in England and Wales decreased by 4% to 81,696 compared with 84,691 in July 2014. The number of properties sold in England and Wales for over £1 million in July 2015 decreased by 9% to 1,413 from 1,555 a year earlier. Repossessions in England and Wales decreased by 50 per cent to 471 compared with 943 in July 2014 with only 36 taking place in London during the month.
In October, 25% more chartered surveyors in London saw house prices rise according to the latest RICS UK Residential Market Survey, compared to a balance of 26% more in September, showing a steady increase month-on-month.
However, only 5% more chartered surveyors are expecting a rise in prices in the capital over the next three months – this is the lowest reading across the UK over this time period. Despite this, the twelve month view for the capital is still relatively strong with 53% more respondents expecting prices to increase.
Demand from potential buyers grew modestly across London in October with 7% more respondents seeing a rise in new buyer enquiries. Demand continues to considerably outpace supply and the number of new instructions decreased for the ninth month in succession, with 9% more chartered surveyors reporting a fall, contributing to the rise in prices in the capital. The supply of new listings to the UK market as a whole has been in decline since the start of the 2015 with a decrease in new instructions in London every month this year.
In the London lettings market, demand increased at broadly similar pace to that of supply in the three months to October, as new landlord instructions rose at the quickest quarterly pace since early 2014. Nevertheless, rental expectations remain strong and respondents continue to expect rents to rise over the year ahead. Rental growth in the London is anticipated to accelerate to an average of around 4.5% per year over the coming five years.
Simon Rubinsohn, RICS Chief Economist, commented, “It is hard to get away from the issue of supply when it comes to the current state of the housing market. The legacy of the drop in new build following the onset of the global financial crisis is now really hitting home with both the sales and letting markets continuing to show demand outstripping supply on a month by month basis. And if the five year projections from members regarding the outlook for both prices and rents is anything to go by, property is set to become even more unaffordable going forward making the governments focus of boosting to delivery of new homes absolutely critical.”
Changes to the tax regime have also had an impact in the top end of the market with the turnover of larger family houses in the area falling.
Adrian Gill, director of Reeds Rains and Your Move estate agents, said, “The Chancellor’s intimidating Stamp Duty remodel is still spooking the top end of the London market. Properties worth over £1.5 million have been hit with a stamp duty increase, currently set at 12% of the portion of the property’s value above £1.5m, up from 5% previously. As a result, sales of homes worth more than £1.5 million have fallen by 35% in Q3, compared to a year ago. This tax has really put the shackles on the prime market in the capital, as three quarters of these sales since January 2014 took place in London.“
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.
Home Sales in the Wimbledon SW19 Area - September 2015 |
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Date |
Address |
Post Code |
Price (£) |
| 30/09/2015 | 38, Nelson Road | SW19 1HT | 790,000 |
| 30/09/2015 | The Ground Floor Flat At 1, Cochrane Road | SW19 3QP | 415,000 |
| 30/09/2015 | Flat Greenwood, 31, Princes Way | SW19 6QH | 340,000 |
| 30/09/2015 | 4 Earls Terrace, 3, Leopold Avenue | SW19 7ET | 2,100,000 |
| 30/09/2015 | 101, Melrose Avenue | SW19 8AU | 885,000 |
| 30/09/2015 | Flat 2 250, Haydons Road | SW19 8TT | 415,000 |
| 29/09/2015 | Flat 11 Sycamore House, 175, Merton Road | SW19 1EE | 425,000 |
| 29/09/2015 | 39, Palmerston Road | SW19 1PG | 890,000 |
| 29/09/2015 | 69, Courtney Road | SW19 2EE | 426,000 |
| 29/09/2015 | 22, Tennyson Road | SW19 8SH | 575,000 |
| 28/09/2015 | 4, Denmark Avenue | SW19 4HF | 2,122,000 |
| 28/09/2015 | 103, Dora Road | SW19 7JT | 1,435,000 |
| 28/09/2015 | 49, Wolseley Avenue | SW19 8BG | 1,080,000 |
| 28/09/2015 | 40B, Effra Road | SW19 8PP | 485,000 |
| 25/09/2015 | 49, Cecil Road | SW19 1JR | 876,000 |
| 25/09/2015 | 36, Kingston Road | SW19 1JZ | 400,000 |
| 25/09/2015 | 12, Acre Road | SW19 2AJ | 505,610 |
| 25/09/2015 | 78, Clarendon Road | SW19 2DY | 620,000 |
| 25/09/2015 | 86, Fortescue Road | SW19 2EB | 375,000 |
| 25/09/2015 | 23, Kirkley Road | SW19 3AZ | 915,000 |
| 25/09/2015 | 27, Newton Road | SW19 3PJ | 885,000 |
| 25/09/2015 | 38, Merton Hall Road | SW19 3PS | 500,000 |
| 25/09/2015 | 18, Fairlawn Road | SW19 3QR | 1,217,500 |
| 25/09/2015 | 98, Princes Way | SW19 6HX | 2,900,000 |
| 25/09/2015 | 26, Lake Close | SW19 7EG | 525,000 |
| 25/09/2015 | 40B, Compton Road | SW19 7QD | 775,000 |
| 25/09/2015 | 31, The Crescent | SW19 8AW | 1,225,000 |
| 25/09/2015 | 12, South Park Road | SW19 8SU | 1,250,000 |
| 25/09/2015 | 9, Sunlight Close | SW19 8TG | 590,000 |
| 24/09/2015 | 74, Swanton Gardens | SW19 6BL | 347,500 |
| 22/09/2015 | 138K, Kenley Road | SW19 3DW | 458,700 |
| 22/09/2015 | 2, Bedgebury Gardens | SW19 6PH | 827,000 |
| 21/09/2015 | 21A, Montague Road | SW19 1TB | 665,000 |
| 21/09/2015 | 7, Shelton Road | SW19 3AT | 715,000 |
| 21/09/2015 | 23, Old School Close | SW19 3HY | 285,000 |
| 21/09/2015 | Apartment 135 21 - 33, Worple Road | SW19 4BG | 775,000 |
| 21/09/2015 | Flat 54 Edgecombe House, Whitlock Drive | SW19 6SL | 150,000 |
| 21/09/2015 | 76, Dora Road | SW19 7HH | 2,200,000 |
| 21/09/2015 | 178, Durnsford Road | SW19 8HJ | 375,000 |
| 18/09/2015 | 103, Gladstone Road | SW19 1QS | 825,000 |
| 18/09/2015 | 6, Nursery Road Merton | SW19 3BT | 532,500 |
| 18/09/2015 | 21, Willmore End | SW19 3DE | 445,000 |
| 18/09/2015 | Flat 4 22, Spencer Hill | SW19 4NY | 655,000 |
| 18/09/2015 | Ground Floor Flat 87, Gartmoor Gardens | SW19 6NX | 575,000 |
| 18/09/2015 | 42, Vineyard Hill Road | SW19 7JH | 1,875,000 |
| 18/09/2015 | Flat A 389A, Durnsford Road | SW19 8EF | 365,000 |
| 18/09/2015 | Flat 102 Reed House, 21, Durnsford Road | SW19 8GW | 300,000 |
| 18/09/2015 | Flat 80 Reed House, 21, Durnsford Road | SW19 8GW | 352,500 |
| 18/09/2015 | 97, South Park Road | SW19 8RU | 1,260,000 |
| 18/09/2015 | 221, Haydons Road | SW19 8TZ | 518,000 |
| 16/09/2015 | 30, William Road | SW19 3PL | 700,000 |
| 16/09/2015 | 32, Stoford Close | SW19 6TJ | 275,000 |
| 16/09/2015 | 22, Durnsford Road | SW19 8HQ | 395,000 |
| 16/09/2015 | Flat 48 2, Stanley Road | SW19 8RL | 430,000 |
| 16/09/2015 | 28A, Weir Road | SW19 8UG | 200,000 |
| 15/09/2015 | 1, Alfreton Close | SW19 5NS | 1,250,000 |
| 14/09/2015 | Flat 4 107, Graham Road | SW19 3SP | 275,000 |
| 14/09/2015 | Flat 24 Stretford Court, 110, Worple Road | SW19 4JB | 345,000 |
| 14/09/2015 | 15, Hillside | SW19 4NH | 3,375,000 |
| 14/09/2015 | 3A, Ridgway | SW19 4SB | 1,600,000 |
| 14/09/2015 | 9, Marryat Road | SW19 5BB | 6,100,000 |
| 14/09/2015 | 96, Haydon Park Road | SW19 8JT | 775,000 |
| 11/09/2015 | 12, Abingdon Close | SW19 1AD | 425,000 |
| 11/09/2015 | Flat 2 Pelham Court, 44, Pelham Road | SW19 1NP | 449,950 |
| 11/09/2015 | 69, Russell Road | SW19 1QN | 645,000 |
| 11/09/2015 | 1E, Montague Road | SW19 1TB | 630,000 |
| 11/09/2015 | 89, Boundary Road | SW19 2AW | 355,000 |
| 11/09/2015 | First Floor Flat At 44, Park Road | SW19 2HT | 340,000 |
| 11/09/2015 | 178, Runnymede | SW19 2RG | 317,000 |
| 11/09/2015 | 8, Landseer Close | SW19 2UT | 315,000 |
| 11/09/2015 | 1, Melbourne Road | SW19 3BB | 1,260,000 |
| 11/09/2015 | Flat 4 4, Morden Road | SW19 3BH | 375,000 |
| 11/09/2015 | 85, Mostyn Road | SW19 3LW | 1,240,000 |
| 11/09/2015 | 98, Graham Road | SW19 3SS | 605,000 |
| 11/09/2015 | Flat 1 114, Worple Road | SW19 4JB | 475,000 |
| 11/09/2015 | 7, Marryat Place | SW19 5BL | 2,520,000 |
| 11/09/2015 | 67, Vineyard Hill Road | SW19 7JL | 1,780,000 |
| 11/09/2015 | Flat 6 Draxmont Court, Draxmont | SW19 7PJ | 488,000 |
| 11/09/2015 | Flat Q Ibex House, 166, Arthur Road | SW19 8AQ | 425,000 |
| 11/09/2015 | Flat 78 Bassett House, 1, Durnsford Road | SW19 8EA | 420,000 |
| 11/09/2015 | 5, Ashcombe Road | SW19 8JP | 810,000 |
| 11/09/2015 | 19A, Milton Road | SW19 8SF | 375,000 |
| 11/09/2015 | The Lower Maisonette 88, Florence Road | SW19 8TJ | 425,000 |
| 10/09/2015 | Flat 67 Vista House, 2, Chapter Way | SW19 2RY | 520,000 |
| 10/09/2015 | 12, Willmore End | SW19 3DF | 357,000 |
| 10/09/2015 | 16, Lauriston Road | SW19 4TQ | 3,125,000 |
| 10/09/2015 | Flat 44 Edgecombe House, Whitlock Drive | SW19 6SL | 285,000 |
| 10/09/2015 | 4, Anchorage Close | SW19 8LT | 900,000 |
| 09/09/2015 | Flat 8 13, Lauriston Road | SW19 4TJ | 535,000 |
| 09/09/2015 | 228, Castlecombe Drive | SW19 6RS | 343,000 |
| 08/09/2015 | 11, Chester Road | SW19 4TS | 880,000 |
| 08/09/2015 | 13, Belvedere Square | SW19 5DJ | 1,250,000 |
| 07/09/2015 | 19, Deburgh Road | SW19 1DX | 550,000 |
| 07/09/2015 | 80, Hardy Road | SW19 1HZ | 763,500 |
| 07/09/2015 | Flat 16 Fernwood, Albert Drive | SW19 6LR | 386,000 |
| 04/09/2015 | 19, Wilton Crescent | SW19 3QY | 1,550,000 |
| 04/09/2015 | Flat 3 77, Worple Road | SW19 4BL | 618,500 |
| 04/09/2015 | Flat 3 Kingholme House, 106, Ridgway | SW19 4RD | 1,200,000 |
| 04/09/2015 | Flat 16 Florence Court, Sunnyside | SW19 4SG | 395,000 |
| 04/09/2015 | 35, Somerset Road | SW19 5HT | 2,025,000 |
| 04/09/2015 | 3 Earls Terrace, 3, Leopold Avenue | SW19 7ET | 2,125,000 |
| 04/09/2015 | Flat 1 Jasmine Court, 102, Alexandra Road | SW19 7JY | 390,000 |
| 04/09/2015 | 17, Stroud Road | SW19 8DQ | 1,172,000 |
| 04/09/2015 | Flat 88 Bassett House, 1, Durnsford Road | SW19 8EA | 300,000 |
| 04/09/2015 | 12, Evelyn Road | SW19 8NU | 1,000,000 |
| 03/09/2015 | 4, Normanton Avenue | SW19 8BB | 950,000 |
| 02/09/2015 | 32, Pelham Road | SW19 1SX | 3,300,000 |
| 02/09/2015 | Flat 21 Alwyne Mansions, Alwyne Road | SW19 7AD | 760,000 |
| 02/09/2015 | Flat 49 Woodside House, Woodside | SW19 7QN | 554,000 |
| 02/09/2015 | 12, Melrose Avenue | SW19 8BY | 1,112,500 |
| 02/09/2015 | Flat 109 Reed House, 21, Durnsford Road | SW19 8GW | 292,500 |
| 01/09/2015 | Flat 2 Ryecroft House, Hamilton Road | SW19 1JE | 389,000 |
| 01/09/2015 | Flat 47 Bisley House, Wimbledon Park Side | SW19 5NW | 325,000 |
| 01/09/2015 | Flat 7 Heritage House, 21, Inner Park Road | SW19 6ED | 490,500 |
| 01/09/2015 | 2, Winterfold Close | SW19 6LE | 347,500 |
| 01/09/2015 | 156, Castlecombe Drive | SW19 6RS | 365,000 |
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Source: Land Registry
May 16, 2016
