Wimbledon Property Prices Edge Higher
Overall average moved closer to all-time high
Wimbledon property prices have continued the steady rise seen so far this year even after the vote to leave the European Union.
In the third quarter of the year prices in the SW19 post code area were up by 1.6% compared with the previous three months. However, they fell by 3.4% compared with the same period last year which was an all-time high for local prices.
Volumes remain at historically low levels but have recovered from the extremely low point seen early this year when the number of transactions was hit by stamp duty changes.
The Land Registry’s House Price Index is showing that the average price of a home sold in London in August was £488,908 which is up 12.1% over the same month last year. For the UK as a whole the index shows and average price of £218,964 up by 8.4% compared to the previous year.
The short term indications for the market appear to be positive. Mortgage approvals for house purchases rose to a three-month high in September according to the Bank of England, and RICS, the surveyors’ industry group, have reported that buyer inquiries were the highest since February. They say this indicates that market activity is recovering after a quieter period earlier in the year due to uncertainty over the referendum.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
WimbledonSW19.com is the only place that you will find detailed analysis of the Wimbledon property market.
Wimbledon Property Prices (July-September 2016) |
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|---|---|---|---|---|---|---|---|---|---|---|
| Area | Detached | Sales | Semi-det | Sales | Terrace | Sales | Flat/ mais |
Sales | Overall ave | Total sales |
| SW19 1 | 0 | 0 | 1233667 | 3 | 756348 | 19 | 418252 | 30 | 588830 | 52 |
| SW19 2 | 754625 | 2 | 0 | 0 | 518667 | 18 | 375626 | 23 | 453131 | 43 |
| SW19 3 | 0 | 0 | 894667 | 6 | 947969 | 8 | 425312 | 24 | 609454 | 38 |
| SW19 4 | 1839167 | 3 | 2660000 | 3 | 1303750 | 4 | 845321 | 12 | 1311652 | 22 |
| SW19 5 | 2662500 | 2 | 0 | 0 | 1567500 | 1 | 754917 | 6 | 1269111 | 9 |
| SW19 6 | 2632500 | 2 | 715000 | 1 | 925500 | 3 | 370676 | 21 | 612619 | 27 |
| SW19 7 | 3431667 | 6 | 1677500 | 2 | 931667 | 3 | 606828 | 9 | 1610072 | 20 |
| SW19 8 | 0 | 0 | 1381250 | 4 | 980902 | 21 | 467263 | 15 | 828322 | 40 |
| Total | 2547117 | 15 | 1402316 | 19 | 834329 | 77 | 473731 | 140 | 778552 | 251 |
| Change in Quarter | 13.8% | 66.7% | -4.9% | -5.0% | -4.7% | 26.2% | 1.9% | 23.9% | 1.6% | 23.6% |
| Change in year | -0.3% | -21.1% | -4.1% | -51.3% | 1.4% | -39.4% | 11.3% | -12.5% | -3.4% | -27.2% |
| Change in Three Years | 13.2% | -25.0% | 23.3% | -68.3% | 28.1% | -36.9% | 36.8% | -43.3% | 25.6% | -44.1% |
| Change in Five Years | 7.8% | -50.0% | 43.8% | -70.8% | 55.5% | -50.3% | 60.9% | -23.9% | 24.4% | -42.2% |
| Change in Ten Years | 85.0% | 0.0% | 136.6% | -61.2% | 134.1% | -33.6% | 102.2% | -53.5% | 131.8% | -47.8% |
Source: Land Registry
November 23, 2016