Fulham Property Prices Reach All Time High

Average at top end of market above the £2 million barrier

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Fulham Property in the Fourth Quarter

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House prices in Fulham hit an all time high in the first three months of 2011, with the average jumping by 20.9% to reach £773,060, compared with £639,597 in the previous quarter.

All sections of the market rose, though the biggest leap was in terraced houses, which were up a spectacular 24.4%, from £1,000,819 between October and December to £1,245,015 from January to March.

Semi-detached houses climbed by a more modest £2,093,000 while flats were up 3.2%, reaching £433,682.

The volume of properties changing hands brought more good news for local estate agents, with a rise of 10% from 235 to 259.

Properties in London are now the only ones in the country that have risen compared with the same period last year. The Land Registry's House Price Index shows that the average price in the capital was £336,828 in March 2011, up by 0.8% compared to the same month last year.

For England and Wales the average price is now £160,996, down by 2.3% from March 2010. Prices in the north east have fallen by 9.3% and in Wales they are down by 7.2%.

 

Sales Price Map for West and South West London

property rental prices west london

Source: Jones Lang LaSalle/Financial Times

Meanwhile a new report states that the price per square foot of property in Fulham is £702 with an annual rental of £32.87 psf giving a yield of 4.68%

In Hammersmith yields have fallen as capital values have moved up more quickly than rents, with analysts saying this is due to the area moving to full 'gentrification'.

Area Sale Price per sq ft Rental Price per sq ft Yield
Fulham
702
32.87
4.68
Chiswick
599
30.07
5.02
Acton
440
23.40
4.02
Ealing (W5)
503
20.74
4.10
Ealing (W13)
393
22.42
5.48
Hammersmith
622
25.97
4.18
Shepherd's Bush
539
n/a
n/a
Putney
565
21.70
n/a
Barnes
570
n/a
n/a
Wandsworth
560
31.46
5.62

Source: Jones Lang LaSalle/Financial Times

Fulham Property Prices -January - March 2011

Area Semi-Det Sales Terraced Sales Flat/Mais Sales Total Ave Total Sales
SW6 1 0 0 1304000 5 314827 9 668103 14
SW6 2 0 0 807500 9 435428 64 481300 73
SW6 3 0 0 1725126 24 528350 10 1373133 34
SW6 4 0 0 1571125 14 389950 20 876316 34
SW6 5 0 0 1195833 9 448214 21 672500 30
SW6 6 2093000 5 1072555 18 434563 19 905421 42
SW6 7 0 0 821704 21 344954 11 657821 32
Total 2093000 5 1245105 100 423682 154 773060 259
Change over quarter 3.7% 66.7% 24.4% 20.5% 3.2% 3.4% 20.9% 10.2%
Change over year - - 13.9% 1.0% -5.3% 14.9% 7.1% 11.2%
Change over three years - 103.5% -
Change over five years - 48.8% -
Change over ten years - 113.6% -

 

Fulham Property Prices - October - December 2010

Area Semi-Det Sales Terraced Sales Flat/Mais Sales Total Averages Total Sales
SW6 1 0 0 802833 3 402772 11 488499 14
SW6 2 0 0 899954 11 365427 42 476367 53
SW6 3 0 0 1115366 17 585727 11 907294 28
SW6 4 0 0 1296550 10 418881 14 784576 24
SW6 5 0 0 989651 12 426406 16 667797 28
SW6 6 2017666 3 928566 15 413446 34 654589 52
SW6 7 0 0 868600 15 391372 21 590217 36
Total 2017666 3 1000819 83 410632 149 639597 235
Change over quarter - - -8.1% -43.5% -9.6% -15.8% -16.0% -28.6%
Change over year - - 6.0% -30.8% -6.0% 0.0% -6.0% -14.5%
Change over three years -6.9% -
Change over five years 29.6% -
Change over ten years 80.9% -

 

 

May 27, 2011

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