Mixed Picture for Fulham Property Prices

Latest figures show winners and losers across SW6

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Fulham Property in the Fourth Quarter 2011

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The average property price in Fulham is continuing to drift lower so far this year according to the latest figures from the Land Registry.

Transactions reported for 2012 have averaged £693,217 - well below the peak of the market of £789,000 reached in the second quarter of 2011.

The average price has also dropped slightly from last quarter, when it was £697,811.

However, looking beyond these overall figures there is better news for SW6. Price falls are not consistent across different types of property, or different areas of Fulham.

The average flat price has risen by a small 1.1% over the last quarter, but a more substantial 8% compared with this time last year. However within Fulham there are wide variations, with some postcode areas - SW6 2, 4 and 7 - showing price falls, while the other four postcode areas record large rises.

The biggest jump was in SW6 3 - the Hurlingham area to the south of New Kings Road - where the average rose from £599,746 at the end of last year to £655,000 in the first three months of this year.

Terraced houses showed a similar mixed picture, with postcodes SW6 2, 4 and 7 recording price drops, but other postcodes showing substantial rises. In SW6 6 - the area to the west of Fulham Palace, including the ABC streets - the average soared from £855,980 in the previous quarter to £1,013.871.

The overall average house price rose by 4% compared with the previous quarter, though it was still down by 5.1% on the previous year. Looking longer term however, the trend is firmly upward, with the average house price climbing by over a quarter - 25.9% to be exact - over the last three years.

Looking at the wider picture, he March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £160,372. London remains the best performing area in the country with prices rising by 0.7% to £343,522 over the same period.

The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13% to 42,511 compared to 37,584 in January 2011.

Fulham Property Prices - January - March 2012
Area Terraced Sales Flat/Mais Sales Total Averages Total Sales
SW6 1 806166 6 421344 19 513701 25
SW6 2 1011375 14 463177 62 564161 76
SW6 3 1639384 17 655000 6 1382588 23
SW6 4 1336950 10 412466 22 701367 32
SW6 5 1527250 10 429214 10 978232 20
SW6 6 1013871 16 513319 34 673496 50
SW6 7 787571 14 402275 27 533839 41
Total 1181100 87 457407 180 693217 267
Change over quarter 4.0% -17.9% 1.1% -4.8% -0.7% -9.5%
Change over year -5.1% -13.0% 8.0% 16.9% -10.3% 3.1%
Change over three years 25.9% 97.7% -6.3% 350.0% -4.2% 217.9%
Change over five years - - - - 20.1% -
Change over ten years - - - - 87.2% -

 

Fulham Property Prices - October - December 2011
Area Terraced Sales Flat/Mais Sales Total Averages Total Sales
SW6 1 0 0 399182 23 399182 23
SW6 2 1097969 15 463650 48 614678 63
SW6 3 1458934 15 599746 13 1060025 28
SW6 4 1428678 19 444979 19 936829 38
SW6 5 1185894 19 403542 20 784688 39
SW6 6 855980 16 484603 31 611029 47
SW6 7 845656 22 421215 35 585034 57
Total 1135194 106 452507 189 697811 295
Change over quarter -3.5% -22.6% -3.5% -4.5% -9.4% -13.2%
Change over year 13.4% 27.7% 10.2% 26.8% 9.1% 25.5%
Change over three years 15.4% -
Change over five years 35.6% -
Change over ten years 100.8% -


May 25, 2012

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