Not long ago, we had a gander at the Camden Housing Market, now we’re going to dig a little deeper into the Wandsworth Housing Market.
As one of Southwest London’s most green, leafy, diverse, eclectic and celebrated boroughs, Wandsworth is a place that continues to thrive. And with pretty meandering stretches along the Thames, cutting-edge urban hangouts, leafy village-like retreats and a host of exciting landmarks all living within its invisible walls, it’s easy to see why people are flocking to Wandsworth like flies to…well, you get the picture.
As a result of its growing popularity, property prices in Wandsworth are healthy to say the least. In fact, last year, sold prices in Wandsworth were 9% up on the previous year and 17% up on 2014 when the average property price weighed in at £674,461.
Wandsworth Property Prices
Now, Wandsworth is a big old London borough, and of course, property prices fluctuate from area to area. But to give you a general snapshot of property prices in Wandsworth, here is a breakdown of the property averages for the Borough as well as a comparison of some of its most prominent parts…
According to Rightmove, last year, the majority of property sales in Wandsworth included flats which sold for an average of £651,513. Terraced properties went for an average of £1,026,241, while semi-detached properties grabbed around £1,580,187.
Wandsworth, with an overall average property price of £791,208, was similar regarding sold prices to nearby Richmond Upon Thames (£781,799) but more pricey than Merton (£617,149) and Kingston upon Thames (£550,823).
The most expensive area within the borough was New Covent Garden (£1,126,562), and the cheapest was Furzedown (£546,802).
Wandsworth Rental Prices
Data from Foxtons shows that the rental range across the whole of Wandsworth falls between £277 – £1,650 per week, while the average rental price for a property is £523 per week.
And once again, for the sake of comparison, here’s a breakdown of average prices per week according to property type…
● One-bedroom: £325
● Two-bedroom: £448
● Three-bedroom: £705
● Four-bedroom: £653
● Five-bedroom: £1,145
While buying or renting in Wandsworth couldn’t necessarily be considered cheap, in terms of available resources, amenities, fun, excitement, schools, healthcare, pubs, bars and restaurants, you can’t go wrong. Plus, if you’re looking to invest in property in the area, the way the Wandsworth housing market is at present, you’re bound to spin a healthy profit.
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