Putney property price update – January 2022
Putney is in the London Borough of Wandsworth and benefits from its riverside location and is just a few Tube stops from the hustle and bustle of Kensington and the West End. Its perfect location makes this an ideal choice for commuters who need to reach all parts of London and property prices generally perform well here.
Situated close to beautiful Wandsworth Park, Putney has a great choice of independent and chain shops, a local library, a cinema and entertainment venues. The schools in Putney are without doubt some of the finest in London. All Saints Primary, Our Lady of Victories and Brandlehow School are a few of the Ofsted ‘Outstanding’ rated schools in the area.
Read our Putney Area Guide for more information about this location including details about local schools and transport links.
Putney property prices are on the rise again
According to Zoopla the average price paid for a property in Putney was £866,438.
Overall, the average price for property in Putney stood at £785,959 in January 2022. This is a rise of 0.85% in the last three months (since October 2021) which has helped to reduce the slight fall of 2.05% when compared with 12 months ago. However, the current values are still around 7% higher than 2019 according to Rightmove.
In terms of property types, flats in Putney made up the majority of sales and sold for an average of £525,662 during 2021. Terraced houses performed strongly and sold for an average of £980,000 according to Rightmove’s latest figures. Semi-detached homes also performed well with an average local value of £1,587,156.
The outlook for Putney property prices in 2022 looks bright. After the difficulties of the pandemic, central London prices are set to rise more in line with UK growth. Locations like Putney are set to see growth of around 4% in the next year and around 13.7% by 2026 according to data published in the Standard.
What makes Putney so special?
Putney has many benefits. For starters, it’s only a short distance from Richmond, another area with a picturesque riverside location in south-west London. Putney’s position along the Thames provides great views and delightful walks. It’s a great contrast to the pace of life just north of the river in Fulham, the West End, Soho and beyond.
The current Putney Bridge was opened in May, 1886. The bridge is overlooked by two beautiful churches on both banks, All Saints Church Fulham and St Mary’s Church Putney. Putney High Street connects with the bridge and leads up past Putney station to Putney Hill.
When you head up Putney Hill you come to Putney Heath. This historic 400-acre area of scrub and open land is popular for dog walks and weekend picnics and connects with Wimbledon Common to the south and Richmond Park to the west.
So, a riverside location like Putney can blend London living with all the benefits of open green spaces which are great for our wellbeing and family life.
Get on the market with Parkgate
For more information about selling your property in Putney, Richmond, Twickenham, Sheen or Mortlake, please get in touch with our multi award-winning team at Parkgate Estates on 0208 940 2991.
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The Parkgate team can help you find the ideal property to buy or let. We all live locally so we know the area really well and can speak from experience and provide a comprehensive overview of Putney.
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