House prices in Wandsworth have gone down by an average of over £400 in the month of July, according to figures from the Land Registry.
Wandsworth is one of the most expensive area to buy a property in the UK despite this month's dip in prices.
The latest data from the government department reveals that in July 2022 average house prices in Wandsworth reached £636,066.
This was down from £636,483 in June, representing a 0.1 per cent decrease. In the last 12 months it has risen by 5.7 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Wandsworth here.
How much have house prices decreased in Wandsworth?
Breaking it down for specific types of housing, some prices saw an increase despite the general fall.
- Detached houses - Up to £1,964,977 from £1,960,981 in June
- Semi-detached houses - Up to £1,319,350 from £1,316,308 in June
- Terraced houses - Up to £916,884 from £914,755 in June
- Flats - Down to £527,446 from £528,734 in June
How do Wandsworth house prices compare to the UK average?
Despite the fall in prices this month, Wandsworth is still far above the UK average with a typical property value in the nations reaching £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.
How much could your house be worth?
We have created this map for the London so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate 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.
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