House prices in Wandsworth have gone down by an average of over £2,000 in the month of May, according to figures from the Land Registry.
Wandsworth is one of the most expensive areas to buy a property in the UK despite this month’s dip in prices.
The latest data from the government department reveals that in May 2022 average house prices in Wandsworth reached £641,589.
This was down from £643,872 in April, representing a 0.4 per cent decrease. In the last 12 months it has risen by 8.5 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Wandsworth here.
Breaking it down for specific types of housing, some prices saw an increase despite the general fall.
- Detached houses – Up to £2,014,454 from £1,977,622 in April
- Semi-detached houses – Up to £1,330,311 from £1,321,912 in April
- Terraced houses – Up to £919,364 from £917,413 in April
- Flats – Down to £533,278 from £537,415 in April
Despite the fall in prices this month, Wandsworth is still far above the UK average with a typical property value in the nation reaching £283,496 in May.
In cash terms, the average house price in May was £32,210 higher than a year earlier with house price growth accelerating to 12.8 per cent in May 2022. Prices were up by 1.2 per cent month on month.
We have created this map for the London so you can see the average house price in each neighborhood since 1995.
Sites like Zoopla can offer an estimated valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Wandsworth are the most expensive for average house prices.