Average Fulham Property Price Drifts Downwards

With slowdown in sales of homes at very top end of market

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Property prices in the SW6 post code area appear to have fallen from the record levels achieved during 2012's summer months, when the average price rocketed above £900,000.

According to the Land Registry, 93 homes have been sold in the area since the end of October, with the average price dipping to £806,675.

Such a large drop might sound alarming, but a closer examination of the figures show that there are two main factors at work.

The first is the popularity of apartments in Doulton House in the new development Chelsea Creek being sold to first time buyers at a discount price of £212,750. With five of these changing hands at well below the normal price of flats in Fulham, this has skewed the average downwards.

Apartments at Chelsea Creek, on Imperial Road, are still available to first timers who live or work in the borough. You can find out more here.

The second factor is the slowdown in sales at the very top end of the market. Whereas the summer saw a number of properties achieving prices of between £3 million and £4 million, these figures show there were no sales at this level, and just five between £2 million and £3 million. The most expensive property was a flat in Dolphin House in Lensbury Avenue, which changed hands for £2,700,000.

Lensbury Avenue is within Imperial Wharf, the neighbouring development to Chelsea Creek, which was also built by developer St George.

Local estate agents will be hoping this lack of top end sales is simply a blip. As we go into the busy spring season, there are currently over 50 homes in Fulham listed for sale for over £2 million, including both traditional houses and penthouse apartments.

There are also ten above the £3 million mark, including one of Fulham's most distinguished properties, a Grade II listed 1860s Victorian villa with five bedrooms, three reception rooms and a larged secluded garden in Fulham Park Gardens, selling through Savills for £4,950,000.

Property in Fulham

The November data from Land Registry's flagship House Price Index shows an annual price increase of 0.9 per cent which takes the average property value in England and Wales to £161,490. The monthly change from October to November is an increase of 0.3 per cent. London continues to be the strongest area of the country in price terms with an increase of 5.9 per cent.

The most up-to-date figures available show that during September 2012, the number of completed house sales in England and Wales decreased by 21 per cent to 50,517 compared with 63,552 in September 2011.

The number of properties sold in England and Wales for over £1 million in September 2012 decreased by 19 per cent to 613 from 753 in September 2011.

The latest reported sales are given in the table below.

 

Fulham Property Sales - November/December 2012

Deed Date Address Price (£)
18/12/2012 227-233, Munster Road, SW6 6BT
370,000
14/12/2012 7 Sherbrooke Road, SW6 7HX
1,000,000
14/12/2012 92 Langthorne Street, SW6 6JX
1,325,000
14/12/2012 42 Radipole Road, SW6 5DL
2,000,000
13/12/2012 Ground Floor Flat, 453 Fulham Palace Road, SW6 6SU
592,000
13/12/2012 28b Moore Park Road, SW6 4PP
715,000
12/12/2012 Flat 21, Parkview Court, 38 Fulham High Street, SW6 3LP
475,000
12/12/2012 24 Chiddingstone Street, SW6 3TG
2,551,000
11/12/2012 55 Harbord Street, SW6 6PL
690,000
11/12/2012 25 Harwood Terrace, SW6 2AF
795,950
11/12/2012 6 Rosaville Road, SW6 7BL
1,225,000
10/12/2012 24a Lambrook Terrace, SW6 6TG
225,000
10/12/2012 2, 50 Radipole Road, SW6 5DL
490,000
10/12/2012 115 Brompton Park Crescent, SW6 1SP
517,500
10/12/2012 Lower Maisonette, 23 Edgarley Terrace, SW6 6QE
525,000
07/12/2012 265 Brompton Park Crescent, SW6 1SZ
495,000
07/12/2012 69 Orbain Road, SW6 7JZ
740,000
07/12/2012 48 Bishops Road, SW6 7AH
1,475,000
06/12/2012 44 Wandsworth Bridge Road, SW6 2TH
450,000
06/12/2012 2 Elswick Street, SW6 2QR
1,172,000
06/12/2012 116, Rivermead Court, Ranelagh Gardens, SW6 3SD
1,680,000
06/12/2012 30 Ellerby Street, SW6 6EY
2,150,000
05/12/2012 230 Munster Road, SW6 6AZ
289,000
05/12/2012 Flat 1, 376 North End Road, SW6 1LY
550,000
04/12/2012 Flat 11, Nacovia House, Townmead Road, SW6 2GW
416,000
04/12/2012 The Lower Ground Floor Flat, 14 Barclay Road, SW6 1EH
486,500
04/12/2012 52a Queensmill Road, SW6 6JS
559,500
04/12/2012 5b Bovingdon Road, SW6 2AP
820,000
03/12/2012 B, 833 Fulham Road, SW6 5HQ
850,000
03/12/2012 Flat 2, Dolphin House, Lensbury Avenue, SW6 2GY
2,700,000
30/11/2012 Second Floor Flat, 354 North End Road, SW6 1LY
402,500
30/11/2012 Flat 100, Watermans Quay, William Morris Way, SW6 2UW
900,000
30/11/2012 1 Burlington Road, SW6 4NP
948,500
30/11/2012 104 Bishops Road, SW6 7AR
1,245,000
29/11/2012 77 Reporton Road, SW6 7JP
476,100
28/11/2012 Flat 40, Romily Court, Landridge Road, SW6 4LL
312,000
27/11/2012 Flat 5, William Banfield House, Munster Road, SW6 4EU
205,000
27/11/2012 162 Estcourt Road, SW6 7HD
465,000
27/11/2012 90 Prothero Road, SW6 7LZ
735,000
26/11/2012 Flat 4, 376 North End Road, SW6 1LY
310,000
26/11/2012 95 Dawes Road, SW6 7DU
335,000
26/11/2012 15 New Kings Road, SW6 4SB
375,000
26/11/2012 1a Dymock Street, SW6 3ET
410,000
26/11/2012 516 Fulham Palace Road, SW6 6JE
546,000
23/11/2012 7a Bloom Park Road, SW6 7BG
885,000
23/11/2012 15 Edgarley Terrace, SW6 6QE
1,035,000
23/11/2012 11 Rigault Road, SW6 4JJ
1,175,000
23/11/2012 4 Firth Gardens, SW6 6QA
1,200,000
23/11/2012 136 Bishops Road, SW6 7AS
1,360,000
23/11/2012 29 Crondace Road, SW6 4BS
1,925,000
23/11/2012 23 Bovingdon Road, SW6 2AP
2,060,000
21/11/2012 Flat 18, Box Tree House, Lensbury Avenue, SW6 2PT
1,400,000
20/11/2012 Flat 14, John Strachey House, Clem Attlee Court, SW6 7SQ
325,000
19/11/2012 Flat 1, 328 Wandsworth Bridge Road, SW6 2TZ
390,000
16/11/2012 Flat 16, Churchfield Mansions 321-345, New Kings Road, SW6 4RA
432,500
16/11/2012 2 Tamworth Street, SW6 1LE
456,500
16/11/2012 Flat 47, Doulton House, 11 Park Street, SW6 2FS
500,000
16/11/2012 91b Hazlebury Road, SW6 2LX
637,500
16/11/2012 14 Haldane Road, SW6 7EU
786,000
16/11/2012 35 Hugon Road, SW6 3ER
850,000
16/11/2012 33 Felden Street, SW6 5AE
1,850,000
15/11/2012 119a Stephendale Road, SW6 2PS
475,000
15/11/2012 5 Rigault Road, SW6 4JJ
565,000
15/11/2012 93 Gowan Avenue, SW6 6RQ
1,220,000
15/11/2012 19, Rivermead Court, Ranelagh Gardens, SW6 3RT
1,710,009
14/11/2012 Flat 61, Doulton House, 11 Park Street, SW6 2FS
186,150
14/11/2012 Flat 34, Doulton House, 11 Park Street, SW6 2FS
212,750
14/11/2012 Flat 59, Doulton House, 11 Park Street, SW6 2FS
212,750
14/11/2012 Flat 57, Doulton House, 11 Park Street, SW6 2FS
212,750
14/11/2012 720 Fulham Road, SW6 5SB
336,000
14/11/2012 Flat 6, Aspect Court, Lensbury Avenue, SW6 2TN
974,250
14/11/2012 83, Rivermead Court, Ranelagh Gardens, SW6 3SA
1,150,000
13/11/2012 48a Ongar Road, SW6 1SJ
495,000
12/11/2012 Flat 249, Sulivan Court, Broomhouse Lane, SW6 3DW
250,000
09/11/2012 176a Dawes Road, SW6 7HS
480,850
09/11/2012 Flat 52, Aspect Court, Lensbury Avenue, SW6 2TN
715,000
08/11/2012 26 Harwood Terrace, SW6 2AB
625,000
08/11/2012 24 Fabian Road, SW6 7TZ
1,150,000
07/11/2012 Flat 148, Watermans Quay, William Morris Way, SW6 2UW
555,000
07/11/2012 7 Rigault Road, SW6 4JJ
880,000
05/11/2012 31a Crookham Road, SW6 4EG
420,000
05/11/2012 34 Harwood Road, SW6 4PH
800,000
05/11/2012 48 Rosaville Road, SW6 7BL
1,070,000
02/11/2012 Flat 53, Doulton House, 11 Park Street, SW6 2FS
212,750
02/11/2012 69 Brompton Park Crescent, SW6 1SP
290,000
02/11/2012 Flat 40, St. Clements Mansions, Lillie Road, SW6 7PQ
366,500
02/11/2012 6 Pellant Road, SW6 7LX
409,000
02/11/2012 88 Aintree Estate, SW6 7QX
430,000
02/11/2012 17 Branksea Street, SW6 6TT
955,000
02/11/2012 18 Bishops Road, SW6 7AB
1,175,000
02/11/2012 14 Parkville Road, SW6 7BX
1,225,000
02/11/2012 13 Clonmel Road, SW6 5BL
1,275,000
01/11/2012 15 Strode Road, SW6 6BL
725,000

 

 

February 25, 2013

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