Logic updated Apr 29, 2024

House prices in SW15 1 (Putney)

This article reveals price per square metre data and various charts to help you understand current housing market in Putney, London (SW15 1).

---

Defining 'SW15 1'

This analysis is limited to properties whose postcode starts with "SW15 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors but we've labelled it Putney. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Putney is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 39, Ashlone Road, Putney, London, sold for £1,250,000 on Feb-2024. Given the internal area of 113 square metres, the price per sqm is £11,061.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £10,950-£11,500, £11,500-£12,050, £12,050-£12,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 181 sales in Putney (SW15 1) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Putney (SW15 1). Of the 181 transactions, half were sold for between £8,580 and £10,810 per square metre. The median, or 'middle', price per square metre in 'SW15 1' is £9,720. Notably, only 25% of properties that sold recently were valued at more than £10,810 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Putney, London

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring London. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Putney, London

Comparison with neighbouring postcode sectors

The table below shows how 'SW15 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
SW15 6 Putney	£6,790 sqm	£7,810 sqm	£9,100 sqm
SW15 5 Barnes	£6,120 sqm	£7,520 sqm	£8,550 sqm
SW15 3 Putney	£5,830 sqm	£6,900 sqm	£7,980 sqm
SW15 4 Barnes	£4,250 sqm	£4,730 sqm	£5,400 sqm
SW15 1 Putney	£8,580 sqm	£9,720 sqm	£10,810 sqm
SW15 2 East Putney	£7,700 sqm	£8,640 sqm	£9,680 sqm

Will London house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for SW15 1 (Putney) compared with the wider area SW15. The dashed trend lines in the chart show the average over time.

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for London to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about London and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Erpingham Road, Putney, SW15 1B	173 sqm	£10,043	24
Hotham Road, Putney, SW15 1Q	170 sqm	£9,245	20
Felsham Road, Putney, SW15 1B	89 sqm	£9,455	17
Festing Road, Putney, SW15 1L	140 sqm	£11,400	17
Ashlone Road, Putney, SW15 1L	104 sqm	£11,523	13
Lower Richmond Road, Putney, SW15 1H	104 sqm	£7,701	13
Lacy Road, Putney, SW15 1N	69 sqm	£9,063	13
Norroy Road, Putney, SW15 1P	135 sqm	£7,694	12

Search for your street here.

Raw data

Our analysis of Putney is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
39, Ashlone Rd, Putney, London	£1,250,000 Feb-2024	113	11,061
39, Festing Rd, Putney, London	£1,740,000 Jan-2024	154	11,298
90, Hotham Rd, Putney, London	£1,410,000 Dec-2023	210	6,714

See the entire list of all sales in Putney (SW15 1) here.