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.

Property in Fulham

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.”

Report on the local property scene regularly appear on the site and in our newsletter. You can click here for the latest update and analysis.

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Fulham SW6 Property Sales (January 2016)
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