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Local property market continues to see low number of transactions

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The volume of sales in the local property market has continued to be low so far this year.

There have been 93 property sales in the SW6 post code area reported to the Land Registry since the end of January at an average price of £1,086,695. This is down on the level of transactions that would normally be expected at this time of year.

Of these 40 were priced at one million pounds or more with the most expensive being a house in Broomhouse Road which changed hands for £3,010,000.

Property in Fulham

The Land Registry’s March data for London shows a 13.9% rise over the last year to £534,785. This is higher than any other part of the country and makes London average twice the average for any other part of the country including the South East.

Annual growth of 6.7% in March brings the average house price in England and Wales to £189,901.

The latest survey by the Royal Institution of Chartered Surveyors (RICS) has revealed that growth in the private and public housing sectors in London slowed down considerably. Private housing workloads rose at their slowest pace since Q4 2012, with only 20% more of those working in the sector reporting a rise in activity rather than a fall over the first quarter of 2016. During the last quarter of 2015 that figure was 44 per cent.

This easing in the private housing sector has not been offset by any increase in the construction of public housing, with growth in this sector remaining broadly unchanged from the previous quarter, and just 11% more surveyors reporting a rise rather than a fall in activity.

RICS Chief Economist, Simon Rubinsohn said, “On the surface, it might seem surprising that we are witnessing a slowdown in the construction sector just a few months after hearing the Chancellor’s ‘We Are The Builders’ speech, given the Government’s significant commitment to this sector. One might well ask why growth in private housing workloads is softening at a time when policy is firmly focussed on the creation of new starter homes. We have long held the view that starter homes cannot be the only solution. There is an issue around the availability of land on which new houses can be built, and we would like to see more being done to free up private brownfield sites.

“Our survey tells us that planning delays are one of the biggest barriers to growth in the construction sector. We have recommended that councils work together to create a team of emergency planners who can parachute into boroughs that are experiencing significant delays, therefore reducing a major growth barrier.

“That said, we cannot discount the climate of uncertainty caused by the forthcoming EU referendum. We know that a range of sectors have been affected by these issues as investors look to delay.

of the local property scene appears on the site. You can click here for the latest update and analysis.

If your agent is claiming to be marketing your property effectively and it doesn't appear on FulhamSW6.com it may be time to choose a new agent.

 

Fulham SW6 Property Sales (February - March 2016)
Date
Address
Post Code
Price (£)
30/03/2016 25, Rosebury Road SW6 2NQ
1,405,000
29/03/2016 48, Wardo Avenue SW6 6RE
729,100
24/03/2016 Flat 1 25, Crookham Road SW6 4EG
545,000
23/03/2016 Flat 52 Aspect Court, Lensbury Avenue SW6 2TN
910,000
22/03/2016 125 Rivermead Court, Ranelagh Gardens SW6 3SD
2,300,000
21/03/2016 Flat 2 28, Buer Road SW6 4LA
367,500
18/03/2016 Flat 75 Doulton House, 11, Park Street SW6 2FS
507,500
18/03/2016 90, Broughton Road SW6 2LB
1,425,000
18/03/2016 Flat 3 Village Court, Chelsea Village SW6 1HZ
700,000
17/03/2016 30A, Ongar Road SW6 1SJ
670,000
15/03/2016 Flat 6 Stamford Gate House, Chelsea Village SW6 1HW
979,999
14/03/2016 98, Burnthwaite Road SW6 5BG
1,295,000
11/03/2016 Flat 8 Stamford Gate House, Chelsea Village SW6 1HW
636,534
11/03/2016 15, Rosebury Road SW6 2NH
1,575,000
11/03/2016 83, Horder Road SW6 5ED
1,050,000
11/03/2016 28, Bronsart Road SW6 6AA
1,407,000
11/03/2016 75 Bishops Mansions, Bishops Park Road SW6 6DY
842,500
10/03/2016 28A, Ongar Road SW6 1SJ
817,000
10/03/2016 Flat 30 Fountain House, The Boulevard SW6 2TQ
760,000
10/03/2016 21, Varna Road SW6 7LB
1,250,000
09/03/2016 Ground Floor Flat 100, Stephendale Road SW6 2PH
620,000
09/03/2016 10, Marryat Square SW6 6UA
890,000
08/03/2016 Flat A First Floor 130, Townmead Road SW6 2SR
641,000
08/03/2016 178, Munster Road SW6 6AT
1,485,000
08/03/2016 24, Dawes Road SW6 7EN
585,000
07/03/2016 Upper Flat 12, Langthorne Street SW6 6JY
765,000
04/03/2016 1 Hotel Apartments, Chelsea Village SW6 1HY
645,000
04/03/2016 Flat 568, Kings Road SW6 2DY
900,000
04/03/2016 706A, Fulham Road SW6 5SB
395,000
04/03/2016 14B, Queensmill Road SW6 6JS
455,000
04/03/2016 2, Prothero Road SW6 7LZ
1,175,000
03/03/2016 Flat 2 169, New Kings Road SW6 4SN
435,000
02/03/2016 54, Hannell Road SW6 7RB
1,150,000
01/03/2016 9, Mimosa Street SW6 4DS
1,700,000
01/03/2016 22, Halford Road SW6 1JT
1,500,000
01/03/2016 Flat 53 The Piper Building, Peterborough Road SW6 3EF
940,000
01/03/2016 9, Studdridge Street SW6 3SL
2,500,000
01/03/2016 15, Brookville Road SW6 7BH
1,800,000
01/03/2016 28, Tournay Road SW6 7UF
2,000,000
29/02/2016 Flat 13 West London Studios, 402, Fulham Road SW6 1HR
550,000
29/02/2016 129, Hurlingham Road SW6 3NJ
2,650,000
29/02/2016 Flat 38 Lancaster Court, Fulham Road SW6 5TB
425,000
29/02/2016 41, Breer Street SW6 3HE
1,240,000
26/02/2016 1, Broomhouse Road SW6 3QU
3,010,000
26/02/2016 6A, Furness Road SW6 2LH
740,000
26/02/2016 33, Edenvale Street SW6 2SE
900,000
26/02/2016 Flat 18 Consort House, Lensbury Avenue SW6 2JZ
1,080,000
26/02/2016 Flat A 2, Linver Road SW6 3RB
1,175,000
26/02/2016 100B, Bronsart Road SW6 6AB
660,000
26/02/2016 65, Filmer Road SW6 7JF
1,325,000
26/02/2016 54, Shorrolds Road SW6 7TP
1,250,000
25/02/2016 The Fi Rst Floor Flat At 12, Oakbury Road SW6 2NW
755,000
25/02/2016 46, Gilstead Road SW6 2LG
1,300,000
25/02/2016 177B, New Kings Road SW6 4SW
580,000
25/02/2016 17A, Kilkie Street SW6 2SH
550,000
25/02/2016 145, Mirabel Road SW6 7EQ
519,000
25/02/2016 Flat C 15, Shorrolds Road SW6 7TR
630,000
24/02/2016 Flat 24 Parkview Court, 38, Fulham High Street SW6 3LP
515,000
24/02/2016 Ground Floor Flat 19, Ongar Road SW6 1RL
610,000
24/02/2016 90, Langthorne Street SW6 6JX
1,995,000
22/02/2016 246, Wandsworth Bridge Road SW6 2UD
838,000
22/02/2016 4, Harbledown Road SW6 5TP
1,825,000
22/02/2016 367A, Fulham Palace Road SW6 6TB
300,000
19/02/2016 106, Settrington Road SW6 3BA
2,425,000
19/02/2016 Flat 39A Hurlingham Court, Ranelagh Gardens SW6 3UW
810,000
19/02/2016 219, Lillie Road SW6 7LW
800,000
17/02/2016 37, Kilmaine Road SW6 7JU
1,250,000
17/02/2016 14, Kilmaine Road SW6 7JX
1,251,999
17/02/2016 27, Epirus Road SW6 7UR
2,015,000
16/02/2016 Flat 71 The Piper Building, Peterborough Road SW6 3EF
2,278,000
12/02/2016 19, Mablethorpe Road SW6 6AQ
1,360,000
12/02/2016 248B, Munster Road SW6 6BB
367,500
10/02/2016 Upper Maisonette 22, Acfold Road SW6 2AL
900,000
10/02/2016 1A, Byam Street SW6 2RB
687,500
10/02/2016 20, Hartismere Road SW6 7UD
1,330,000
09/02/2016 609 - 611, Fulham Road SW6 5UA
90,000
08/02/2016 Flat C 99, Stephendale Road SW6 2LT
475,000
08/02/2016 48A, Ongar Road SW6 1SJ
880,000
08/02/2016 24, Acfold Road SW6 2AL
2,300,000
08/02/2016 700A, Fulham Road SW6 5SA
945,000
05/02/2016 Basement Flat 83, Lillie Road SW6 1UD
350,000
05/02/2016 Flat 71 Barton House, Wandsworth Bridge Road SW6 2PD
380,000
04/02/2016 1, Friston Street SW6 3AS
1,900,000
04/02/2016 16, Marville Road SW6 7BD
1,600,000
04/02/2016 28, Brookville Road SW6 7BJ
1,850,000
04/02/2016 20, Orbain Road SW6 7JY
1,240,000
03/02/2016 Flat 84 Lancaster Court, Fulham Road SW6 5TA
435,000
03/02/2016 Flat 2 Eric Macdonald House, Parthenia Road SW6 4BQ
525,000
02/02/2016 23, Walham Grove SW6 1QP
2,175,000
01/02/2016 First Floor Flat 25, Parsons Green Lane SW6 4HH
645,000
01/02/2016 28, Rostrevor Road SW6 5AD
2,025,000
01/02/2016 5A, Edenvale Street SW6 2SE
817,500
01/02/2016 Flat 4 452A, Fulham Palace Road SW6 6HY
780,000

 

May 17, 2016

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