Story Highlights

• Wandsworth had total Property Sales of £4.88 billions in 2016
• The total number of properties sold in year 2015 was 5863
• The Average property price was £832 K  while Median was £630 K
• Not New Property Contributed 78.7% and New Property 21.3% by sales value
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty did not have negative impact and the property market witnessed 6.1% growth in total property sales

Wandsworth is one of the Boroughs of South London. It had total Property Sales of £4.88 billions which was 34.21% of South London Property Market 2016.

Total Sales By Property Type

The split of £4.88 billions across the different property types are:

• Flat/Maisonette £2.58 billions (52.99%)
• Terraced £1.35 billion (27.72%)
• Other £561 millions (11.5%)
• Semi-Detached £242 millions (4.97%)
• Detached £138 millions (2.82%)

Year on Year Comparison : Compared to Wandsworth Property Market 2015 in 2016

• All the property types have shown decline in sales except Other, Detached
• Others has shown very sharp growth of 217%

Wandsworth Property Market at Postcode Level

 For property market details at post code level please click on Postcode in the table above.

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £847 millions  compared to £413 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016 

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there does not seem to have been dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Wandsworth has shown growth of 6.1% over 2015

Total No Of Properties Sold By Property Type

In Wandsworth the total number of properties sold in year 2016 was 5863

The breakdown by different property types are:

• Terraced 1326 (22.62%)
• Semi-Detached 156 (2.66%)
• Other 241 (4.11%)
• Flat/Maisonette 4084 (69.66%)
• Detached 56 (0.96%)

Year on Year Comparison : Compared to Wandsworth Property Market 2015 in 2016

• Total number of property sales in Wandsworth has declined by 9.62%
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant growth by 121% 

Average & Median Sales Price

In 2016 the Average property price was £832 K in Wandsworth. The average price for the different property types are:

• Detached £2.46 millions
• Flat/Maisonette £633 K
• Other £2.33 millions
• Semi-Detached £1.55 millions
• Terraced £1.02 millions

The Median Price was £630 K.The median property price for the different property types are:

• Detached £2.09 millions
• Flat/Maisonette £556 K
• Other £450 K
• Semi-Detached £1.31 millions
• Terraced £936 K

Year on Year Comparison : Compared to Wandsworth Property Market 2015 in 2016

• The average and median sales price across all property types have gone up except Other showing decline in median sales price

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £3.84 billion (78.7%)
• New Property £1.04 billions (21.3%)

 By Number Of Sales

• The number of Not New Property sold was 4620 (78.8%)
• The number of New Property sold was 1243 (21.2%)

Year on Year Comparison : Compared to Wandsworth Property Market 2015 in 2016

• New property market share in property market has gone up in 2016 over 2015

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