House prices increased by 3.1% in Wandsworth in May, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 3% annual growth.

The average Wandsworth house price in May was £625,412, Land Registry figures show – a 3.1% increase on April.

Over the month, the picture was better than that across London, where prices decreased 0.7%, and Wandsworth outperformed the 0.9% rise for the UK as a whole.

Over the last year, the average sale price of property in Wandsworth rose by £18,000 – putting the area 24th among London’s 33 local authorities for annual growth.

The best annual growth in the region was in Hammersmith and Fulham, where property prices increased on average by 14.9%, to £781,000. At the other end of the scale, properties in City of London lost 16.6% of their value, giving an average price of £766,000.

Winners and Losers Owners of flats saw the biggest improvement in property prices in Wandsworth in May – they increased 3.2%, to £527,647 on average. Over the last year, prices rose by 2%.

Among other types of property: Detached: up 2.1% monthly; up 1.5% annually; £1,775,046 average Semi-detached: up 2.5% monthly; up 3.3% annually; £1,227,478 average Terraced: up 3% monthly; up 5.6% annually; £879,102 average First steps on the property ladder First-time buyers in Wandsworth spent an average of £542,300 on their property – £12,800 more than a year ago, and £5,700 more than in May 2016.

By comparison, former owner-occupiers paid £730,500 on average in May – 34.7% more than first-time buyers.

How do property prices in Wandsworth compare?

Buyers paid 25.6% more than the average price in London (£498,000) in May for a property in Wandsworth. Across London, property prices are high compared to those across the UK, where the average cost £255,000.

The most expensive properties in London were in Kensington and Chelsea – £1.2 million on average, and 1.9 times as much as in Wandsworth. Kensington and Chelsea properties cost 3.9 times as much as homes in Barking and Dagenham (£309,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average May sale price of £1.2 million could buy 12 properties in Burnley (average £100,000).

Factfile Average property price in May Wandsworth: £625,412 London: £497,948 UK: £254,624 Annual growth to May Wandsworth: +3% London: +5.2% UK: +10% Best and worst annual growth in London Hammersmith and Fulham: +14.9% City of London: -16.6%