Fulham Property Sales - January 2016
Slow start to the year for the local home market
Prices and volumes on the local property market appear to have dipped so far this year with the average price dipping back below the million pound mark.
There have been 57 residential property sales in the SW6 post code area reported to the Land Registry during January at an average price of £961,242.
Of these 21 were sold for one million pounds or over with the top price of £2,850,000 being paid for a house on Winchendon Road.
In addition the pub site at 65 New Kings Road also changed hands for £4,500,000.
Across the whole of London Prices rose by 13.5% over the twelve months to February bringing the average price up to £530,368. For England and Wales prices grew by 6.1% to £190,275. The average price of a London home is now at least double any other region of the country apart from the South East.
Prices in the borough of Hammersmith and Fulham rose by 7.3% to £846,355 making the area the third highest priced in London after Kensington & Chelsea and Camden.
Repossessions in England and Wales halved in December 2015 compared with the same month in 2014 and in London they fell by two-thirds.
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 any decisions until a final outcome has been determined, and construction is no exception.”
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Fulham SW6 Property Sales (January 2016) |
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|---|---|---|---|
Date |
Address |
Post Code |
Price (£) |
| 29/01/2016 | Flat 53 Watermans Quay, William Morris Way | SW6 2UU | 495,000 |
| 29/01/2016 | Flat 59 The Piper Building, Peterborough Road | SW6 3EF | 910,000 |
| 29/01/2016 | 30, Hugon Road | SW6 3EN | 1,295,000 |
| 29/01/2016 | 3, Clancarty Road | SW6 3AH | 1,825,000 |
| 29/01/2016 | 200, New Kings Road | SW6 4NF | 727,500 |
| 29/01/2016 | 617A, Fulham Road | SW6 5UQ | 974,950 |
| 29/01/2016 | 29, Bronsart Road | SW6 6AJ | 1,450,000 |
| 29/01/2016 | 58, St Peters Terrace | SW6 7JS | 625,000 |
| 28/01/2016 | 1, Breer Street | SW6 3HE | 910,000 |
| 28/01/2016 | 48, Mendora Road | SW6 7NB | 1,292,144 |
| 27/01/2016 | 11, Hazlebury Road | SW6 2NA | 1,405,000 |
| 27/01/2016 | First Floor Flat 228, Munster Road | SW6 6AZ | 700,000 |
| 27/01/2016 | 22, Wheatsheaf Lane | SW6 6LS | 440,000 |
| 26/01/2016 | 32, Winchendon Road | SW6 5DR | 2,850,000 |
| 25/01/2016 | Flat 7 Dungannon House, Vanston Place | SW6 1AY | 800,000 |
| 25/01/2016 | 38, Elthiron Road | SW6 4BW | 2,700,000 |
| 22/01/2016 | Ground Floor Flat 38, De Morgan Road | SW6 2RP | 595,000 |
| 22/01/2016 | The Peterborough Arms, 65, New Kings Road | SW6 4SE | 4,600,000 |
| 22/01/2016 | 12 Farm Close, 12, Farm Lane | SW6 1PS | 315,000 |
| 22/01/2016 | 107 Bishops Mansions, Bishops Park Road | SW6 6DY | 855,000 |
| 22/01/2016 | 20, Parkville Road | SW6 7BX | 1,495,000 |
| 20/01/2016 | Flat 7 Drive Mansions, Fulham Road | SW6 5JB | 610,000 |
| 19/01/2016 | Ground Floor Premises 33, Harwood Road | SW6 4QP | 302,500 |
| 18/01/2016 | Flat 1 St Dionis House, 42, New Kings Road | SW6 4LS | 1,200,000 |
| 15/01/2016 | 38, Clonmel Road | SW6 5BJ | 2,100,000 |
| 15/01/2016 | 1, Dancer Road | SW6 4DU | 1,999,000 |
| 15/01/2016 | 19A, New Kings Road | SW6 4SB | 574,000 |
| 15/01/2016 | 8, Furness Road | SW6 2LH | 1,065,000 |
| 15/01/2016 | 148 Rivermead Court, Ranelagh Gardens | SW6 3SF | 985,000 |
| 15/01/2016 | 39, Hestercombe Avenue | SW6 5LL | 1,825,000 |
| 15/01/2016 | Flat 4 Normanhurst, Vera Road | SW6 6QN | 500,000 |
| 15/01/2016 | 17A, Homestead Road | SW6 7DB | 577,500 |
| 15/01/2016 | Flat 1 119, Dawes Road | SW6 7DU | 452,000 |
| 15/01/2016 | 10, Hartismere Road | SW6 7TT | 1,670,000 |
| 14/01/2016 | Flat 35 Marina Point, Lensbury Avenue | SW6 2GX | 1,040,000 |
| 14/01/2016 | Flat 1 18, Buer Road | SW6 4LA | 460,000 |
| 13/01/2016 | Flat 1-6 437 - 441, North End Road | SW6 1NY | 2,420,000 |
| 12/01/2016 | Flat D 14 - 16, Bagleys Lane | SW6 2AR | 575,000 |
| 12/01/2016 | 48F, Fulham Park Gardens | SW6 4JZ | 485,000 |
| 12/01/2016 | 215, Munster Road | SW6 6BU | 230,000 |
| 12/01/2016 | Ground Floor Flat 59, Marville Road | SW6 7BB | 755,000 |
| 11/01/2016 | 31A, Crookham Road | SW6 4EG | 915,000 |
| 11/01/2016 | 40, Hartismere Road | SW6 7UD | 1,200,500 |
| 08/01/2016 | 21, Parsons Green Lane | SW6 4HH | 600,000 |
| 08/01/2016 | 106, Farm Lane | SW6 1QH | 1,200,000 |
| 08/01/2016 | First Floor Flat 4, Waldemar Avenue | SW6 5NA | 550,000 |
| 08/01/2016 | Maxwell Mews House, 17, Maxwell Road | SW6 2HT | 1,150,000 |
| 08/01/2016 | Flat 75 Sulivan Court, Peterborough Road | SW6 3DB | 465,000 |
| 08/01/2016 | 34, Novello Street | SW6 4JB | 1,160,000 |
| 08/01/2016 | The Swan Public House, Fulham Broadway | SW6 1AA | 259,998 |
| 08/01/2016 | 104, Farm Lane | SW6 1QH | 1,200,000 |
| 08/01/2016 | Flat 2 36, Wandsworth Bridge Road | SW6 2TH | 672,500 |
| 07/01/2016 | 62, Wardo Avenue | SW6 6RE | 799,950 |
| 06/01/2016 | Flat 7 Octavia House, 213, Townmead Road | SW6 2FH | 490,000 |
| 06/01/2016 | Ground Floor Flat 74, Harwood Road | SW6 4PZ | 558,500 |
| 05/01/2016 | Flat 33 Down House, 297, Wandsworth Bridge Road | SW6 2NY | 480,000 |
| 05/01/2016 | 111, Walham Green Court | SW6 2DQ | 585,000 |
| 05/01/2016 | First Floor Flat 18, Woodlawn Road | SW6 6NQ | 675,000 |
| 04/01/2016 | Apartment 8 Mitford Building, 10, Dawes Road | SW6 7EW | 306,000 |
May 17, 2016
