SW6 Property Prices Continue to Soar

High demand for houses worth a million pounds plus

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Fulham property continues to see a strong price performance judging by the latest figures from the Land Registry.

So far this year the average price in the SW6 area has leapt by over £100,000 to hit £787,706 compared to £680,509 in the fourth quarter of 2009.

And out of 33 properties reported as sold in February, ten changed hands for over £1,000,000.

At the other end of the market, meanwhile bargain buys are increasingly hard to find in Fulham, with just one flat priced under £250,000 and three under £300,000.

In February, London's annual house price change according to the Land Registry index was a positive 11.9 per cent, which is an increase from last month's figure, and the fifth month in a row in which the movement has been positive. It was also the strongest growth of any region. The average for Wandsworth Borough was up by 7.9 per cent.

The average value of a property in London is now £333,394, which is a decrease from last month.

For the country as a whole there was an annual increase of 7 per cent. This is the fourth month in a row in which the annual movement has been positive. The monthly house price change is negative this month, at -0.3 per cent. This brings the average house price in England and Wales to £164,455.

The Rightmove House Price Index for February 2010 reveals that average asking prices increased by over £7,000 in the past month. This is the largest monthly increase since April 2007 and represents a year-on-year increase of 6.1%. In London they are showing the highest ever level of asking prices.

Miles Shipside, commercial director of Rightmove comments: "A price jump of over 3% is more comparable to the pre-credit-crunch boom-times. Sellers are setting their sights higher, and some agents are going along with them in order to win scarce instructions. Property for sale remains scarce in popular areas, but new supply to the market has to be priced at what buyers are willing and able to pay. An average increase of over 7,000 pounds may prove to be a bit too spicy for some buyers' tastes, now that economic constraints have forced them to develop a simpler palate."

See table below for full list of sales.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

Fulham Property Sales - February 2010

Address
Price Date
73, Finlay Street, SW6 6HF
1,295,000
19/02/2010
42, Ringmer Avenue, SW6 5LW
1,080,000
17/02/2010
71c, Chesilton Road, SW6 5AA
620,000
16/02/2010
Chelsea Studios, 410 - 412, Studio 9, Fulham Road, SW6 1EB
470,000
12/02/2010
2, Parthenia Road, SW6 4BD
1,400,000
12/02/2010
55, Langthorne Street, SW6 6JT
942,000
12/02/2010
2, Greswell Street, SW6 6PP
1,170,000
12/02/2010
23, Upper Maisonette, Winchendon Road, SW6 5DH
631,495
11/02/2010
286, Brompton Park Crescent, SW6 1SZ
445,000
10/02/2010
45, St Maur Road, SW6 4DR
1,120,000
10/02/2010
51, Fabian Road, SW6 7TY
500,000
10/02/2010
Rivermead Court, 145, Ranelagh Gardens, SW6 3SE
1,420,000
09/02/2010
153, Bagleys Lane, SW6 2FW
325,000
08/02/2010
Farm Close, 12, 3, Farm Lane, SW6 1PS
205,000
08/02/2010
148, Bagleys Lane, SW6 2FW
316,250
08/02/2010
44, Glenrosa Street, SW6 2QZ
399,950
05/02/2010
Carrara Wharf, Flat 61, Ranelagh Gardens, SW6 3UE
275,000
05/02/2010
Waldemar Avenue Mansions, Flat 37, Waldemar Avenue, SW6 5LT
465,000
05/02/2010
156, Bagleys Lane, SW6 2FW
320,000
04/02/2010
Down House, 297, Flat 41, Wandsworth Bridge Road, SW6 2NY
280,000
04/02/2010
51, Mirabel Road, SW6 7EQ
335,000
04/02/2010
157, Bagleys Lane, SW6 2QB
325,000
03/02/2010
159, Bagleys Lane, SW6 2FW
625,000
03/02/2010
199, Flat A, Wandsworth Bridge Road, SW6 2TT
360,000
03/02/2010
63a, Burlington Road, SW6 4NH
516,460
02/02/2010
6, First And Second Floor Maisonette, Crookham Road, SW6 4EQ
500,000
02/02/2010
95, New Kings Road, SW6 4SJ
1,050,000
02/02/2010
52, Barclay Road, SW6 1EH
1,450,000
01/02/2010
14, Moore Park Road, SW6 2JS
1,340,000
01/02/2010
12, Gwyn Close, SW6 2EQ
400,000
01/02/2010
787, First Floor Flat, Fulham Road, SW6 5HD
285,000
01/02/2010
17, Stokenchurch Street, SW6 3TS
1,375,000
01/02/2010
17, Chaldon Road, SW6 7NH
550,000
01/02/2010

 

April 9, 2010

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