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Julian W Introduction:
“Putney is constantly changing. We make it our mission to live and breathe the local area to help our vendors secure smooth sales and strong sale prices.”
Whether you’re making plans to start a family, a young professional looking to branch out but retain good connections to the city, or simply wishing to invest in the great potential to be had in South London, Putney certainly will not disappoint.
Much of the housing stock dates from the Victorian era, when the population soared and the demand for homes skyrocketed. Putney has been experiencing another new boom in recent years, with new flats and apartments being built to high specifications.
Let’s dive into what both buyers and sellers can expect when eyeing up the Putney property market, and how vendors can work with this knowledge to secure the best price for their property.
A Local Market in a National Climate:
The Putney property market has its own local trends, but it is largely at the mercy of national swings in the economy and the housing market. The 2008 crash, Brexit, and the COVID-19 pandemic have all left their mark.
For many years, prices were stuck in limbo as buyers waited on the side-lines for certainty to prevail in the wider economy. Sellers were hesitant to budge, hopeful that a return of confidence was on the horizon.
But beneath these external factors, the Putney property market’s exceptional qualities shine through. With a wide range of attractive properties to consider, both old and new, Putney is renowned for being a district with great character, fantastic amenities, and easy access to Central London.
All this is reflected in the average property prices. As of mid-2024, the average property price in Putney varies significantly depending on the type of property and its specific location within the district. Detached houses range from £1.8 million to £3 million, semi-detached houses from £1.2 million to £2.2 million, terraced houses from £900,000 to £1.5 million, and flats/apartments from £450,000 to £900,000..
Clearly, the area has a lot going for it, with homes becoming such a premium, so it’s no secret that luxury apartments in Putney and high-quality family housing are in high demand.
Climbing the Putney Property Ladder:
Not all Putney property is at the very top of the chain. There is an equally wide—and growing—selection of apartments and smaller homes for those at the beginning of their journey, climbing the property ladder.
The Putney Estate Agent has helped vendors sell everything from studio apartments to exclusive detached homes. The type of property isn’t an issue; what matters is our knowledge of the area and of prospective buyers.
However, there is one type of property that all Putney estate agents know characterises Putney, and indeed characterises South West London: the delightful terraced houses lining our streets. Nobody built a house with character quite like the Victorians—and they built a fair few!
Often deceptively large despite their small frontage, these charming houses were typically built with three or four bedrooms each, and make perfect family homes. Many local architects have worked to extend them in ingenious ways to make the most of the space they provide and, while the streets have maintained their quaint uniformity on the surface, behind almost every front door is a unique private space.
Luxury Putney Apartments:
More recently, architects have looked to the sky, and we’ve seen a sizable increase in the construction of luxury apartments in Putney. Data suggests that the area has even become something of a hotspot for flats, with prices for flats in the Putney area increasing significantly over the last decade. As of 2024, the typical flat is worth between £450,000 and £900,000.
In fact, flats have made up the bulk of transactions in the SW15 postcode in recent years. While there are a number of large penthouses and spacious apartments, a lot of the movement here has been from government schemes such as Help to Buy, designed to help first-time buyers gain a foothold on the local housing ladder.
Developments such as Carlton House on Upper Richmond Road offer stylish, modern apartments at a wide range of price points. Meanwhile, down by the riverside, apartments in the more established Putney Wharf Tower offer a breath-taking view across the Thames.
Houses in Putney:
Putney boasts a rich variety of housing options, prominently featuring Victorian and Edwardian houses that are highly sought after for their character and architectural charm. These period properties often come with spacious rooms, high ceilings, and original features, making them particularly desirable for families and those looking for homes with historical significance. The average prices for these houses vary, with terraced houses typically ranging from £900,000 to £1.5 million, while semi-detached and detached houses can command prices from £1.2 million up to £3 million. Many of these houses, while maintaining their quaint exterior uniformity, have been ingeniously extended and modernised internally, offering unique living spaces behind their classic facades. This blend of old-world charm and modern convenience makes Putney’s houses a prime choice for homebuyers looking for both style and functionality.
Space to Breathe:
Variety is just one of the things that makes Putney such a popular area. Terraced homes dating back two centuries alongside top-of-the-range apartments and flats mean buyers have a choice of Putney properties to suit their needs.
But even beyond choice, there’s one thing we as Putney estate agents hear requested by prospective home buyers more than anything else: access to green spaces.
The Office for National Statistics has revealed that one in eight British properties have no gardens. This comes as buyers place increasing value on gardens or some form of nearby recreational open space with pleasant greenery.
In fact, one of the UK’s largest property website portals revealed that the word ‘gardens’ was one of the most popular key phrases that customers used when searching for new homes. Homes are more than just bricks and mortar: breathing space in the form of gardens and nearby parks places great (yet intangible) value on properties. Fortunately, Putney has generous availability for both.
For vendors, this means a high level of interest. Buyers might have a lot of choice, but they also have a lot of competition. As London’s population grows, demand for homes with outdoor space and easy access to Central London is only going to rise.
Expert Putney Estate Agents:
On the selling side, the level of choice and competition in the area makes it imperative to work with an experienced Putney estate agent to help maximise the value in your home.
The area attracts a wide range of buyers, and a successful sale starts with the careful positioning and marketing of your property to its prospective new owners.
With an established reputation in the area built up over decades, The Putney Estate Agent is the go-to choice for many people looking to make their move into the area. We attract serious buyers who are ready to build a home in our wonderful district. For vendors, that means smooth sales and strong sale prices.
Summary:
Putney, a vibrant area in South London, continues to attract diverse groups including families, young professionals, and investors. Known for its Victorian-era housing, the area has seen recent booms with high-specification new flats and apartments.
The local property market, though influenced by national economic trends, stands out for its character and amenities. Average property prices in 2024 range from £450,000 to £900,000 for flats, and up to £3 million for detached houses. Putney’s market has a variety of properties, from charming Victorian terraces to modern luxury apartments, reflecting a significant increase in demand and prices over the last decade.
Green spaces, such as Putney Heath and Richmond Park, enhance the area’s appeal, with gardens being a highly valued feature. The local market remains competitive, necessitating the expertise of experienced estate agents to navigate and secure strong sale prices.
The Putney Estate Agent offers comprehensive local knowledge and experience, ensuring smooth transactions and optimal positioning of properties to attract serious buyers
