Putney has long been a popular area for many buyers – surrounded by greenery, bordered by the River Thames and offering a wealth of property styles, over the years it has cemented its status as one of South West London’s most sought after locations.
With improved levels of confidence in the sales market, conditions in Putney are currently superb for sellers and many are amazed at the prices they are achieving. Prices have increased by around 15-20% this year alone with many properties selling over and above asking price. This has resulted in huge levels of competition however and it’s not unusual for many of the buyers we see to have gone to sealed bids five or six times and still not been successful.
Putney is one of those areas that offers something for everyone and as a result, our buyers tend to be incredibly varied from first time buyers, young professionals, families, investors and even downsizers. The architecture is impressive and ranges from Victorian and Edwardian homes to 1930s mansion flats and now also a good selection of modern new build developments. It’s certainly not as affordable as it used to be though and buyers now need in excess of £500,000 for a centrally located two bedroom garden flat, while a one bed located in any of the prestigious new build schemes will cost upwards of £350,000.
The East Putney grid area tends to be popular among young professionals and families looking for a period home and as a result roads such as Schubert and Cromford Roads are actively sought after along with any streets which are close to the high street such as Disraeli, Fawe Park or Burstock Roads. An average sized four bedroom terraced house here can just about be bought for £1million. Comparatively, West Putney tends to be slightly more expensive than the east side, with the same property selling for between £1,250,000 and £1,350,000, although prices are rising quickly and this might not be the case for much longer.