Residential Sales Market Data and Recently Sold by Chase Evans 

Residential sales asking prices are falling on a national level when compared to data from the previous month, according to latest House Price Index report.

The average UK house asking price was £364,895 or 1.9% lower than in July 2023. At the same time, the number of agreed sales is 15% lower than in 2019, says Rightmove.

Although predictable, the summer/holiday slowdown has been linked to buyers’ seasonal switch to holiday arrangements and spending, as well as the current UK inflation rate and the recent rise in the Bank of England Base Rates.

The average asking price of a London property was £672,961, down 2.3% from the last month, and 0.7% up year on year.

Vendors who are sensitive to wider market forces are more likely to compromise on price, especially if forced, or wanting for any reason, to dispose of a property asset fast. And buyers who aspire to own a property will be around looking for a good value sale.

Recent research by the Centre for London finds that the number of available properties for sale is still 10% lower than this time in 2019. This detail is part of an ambitious analysis of the entire London Housing market. Demand for homes in the capital is far higher than existing supply, says the Centre for London, stating that the average rent in London is equivalent to 40% of average household income, compared to 26% across England. 

Recently Sold by Chase Evans

Marine Wharf, Surrey Quays, London SE16

Guide Price: £575,000 L/H

Set in Marine Wharf, a modern and quiet residential neighbourhood south of Greenland Dock and South Dock Marina, is this wonderfully bright two-bedroom, two-bathroom property. The apartment comprises a contemporary dual aspect living space, a master bedroom with an en suite bathroom, a further double bedroom, and a bathroom with a shower. The property is set further along the quiet end of Plough Way and very close to the Thames. Furthermore, the Surrey Quays area will benefit from the forthcoming investment upgrades in the nearby Canada Water. Marine Wharf is 0.7MI away from Surrey Quays and 1.1MI away from Canada Water Underground.

For more sales in SE16 please contact: (0)20 3468 9709 I greenwich.sales@chaseevans.co.uk

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Keybridge, Vauxhall, SW8

Guide Price: £635,000 L/H

Keybridge is a high-end contemporary development in Vauxhall, set in the eastern section of the popular Nine Elms district on the south bank of the Thames. This one-bedroom property is part of a luxury collection of apartments featuring the wonderfully light dual-aspect living space fitted with quality wood flooring, glazing, lighting, kitchen and bedroom cabinetry, as well as stylish bathroom tiling and ware. Keybridge has onsite residents’ leisure facilities, 24-hour concierge support and is a stone’s throw away from transport links at Vauxhall Underground and National Rail stations. The property is well placed for the new Nine Elms Station and amenities at Battersea Power Station.

For more sales in SW8 please contact: (0)20 3773 6582, eandc.sales@chaseevans.co.uk

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Ferry Street, Isle of Dogs, E14

Guide Price: 895,000 F/H

This four-bedroom, three-bathroom freehold house on the Isle of Dogs offers flexible, well-presented, contemporary living space. It measures approx. 1,301sq. ft/12.87sq. m arranged over three floors, plus there is a patio garden and a private parking space.

The open-plan kitchen/dining room and a bathroom occupy the ground floor which opens onto the patio. Two bedrooms occupy the first floor, and a flight of stairs up are two further bedrooms and two bathrooms.

Ferry Street is a popular E14 address and a well-established quiet riverside neighbourhood typical for the southern tip of the peninsula. The property enjoys a great location near the river, Thames Path, and the Mudchute DLR station.

For more sales in E14 please contact: (0)20 3468 9618 docklands.sales@chaseevans.co.uk