Average Fulham Property Price Drifts Downwards
With slowdown in sales of homes at very top end of market
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.
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
Related links
|
