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Nine Elms House Prices

The average house price in Nine Elms is £926,666 using HM Land Registry data.

The average property price increased by £380,016 (38.9%) over the last 5 years and increased by £75,969 (5.93%) over the last 12 months.

Over the last year, there were 163 residential property sales – a decrease of 383 transactions (-234.97%) relative to the previous year. The majority of house sales (42) were in the £1,312,000 - £1,676,000 range. Then came properties in the £948,000 - £1,312,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-44,861 (-3%).

In Oct 24, there were 61 new estate agency instructions, 15 agreed home sales and 38 property price reductions.

5-Year Average Property Prices in Nine Elms

38.9%

Property prices in Nine Elms increased by 38.9% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Nine Elms Over the Last Year

5.93%

Property prices in Nine Elms increased by 5.93% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Nine Elms - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Nine Elms

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Nine Elms

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Nine Elms

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Nine Elms since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Nine Elms area since 1995.

Recent Property Sales in Nine Elms

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 5, Elm Quay Court, Nine Elms Lane, London, Greater London, SW8 5DE	£930,000	£870,000	-£60,000	08 Aug 2022	04 Apr 2023	239 Days
Flat 14, Elm Quay Court, Nine Elms Lane, London, Greater London, SW8 5DE	£945,000	£925,000	-£20,000	04 Jan 2019	29 Mar 2019	84 Days
Apartment 79, Faraday House, Aurora Gardens, London, Greater London, SW11 8EF	£775,000	£750,000	-£25,000	24 Aug 2017	26 Jun 2018	306 Days

Most Expensive Streets in Nine Elms

Postcode	Street	Area	Average	No. of Sales
SW11 8AX	Boiler House Battersea Power Station	Circus Road North	£8,035,022	4
SW11 8AT	Boiler House Battersea Power Station	Circus Road South	£4,429,848	9
SW11 8EJ	Circus Road West	London	£3,846,875	8
SW8 5FT	Carnation Way	London	£2,840,877	33
SW11 8BB	Switch House East Battersea Power Station	Circus Road East	£2,583,919	33
SW11 8ET	Circus Road West	London	£2,423,400	5
SW11 8EG	Circus Road West	London	£2,312,500	11
SW8 5JE	Carnation Way	London	£2,307,090	11
SW11 8BD	Switch House West Battersea Power Station	Circus Road West	£2,098,988	67
SW11 8BA	Switch House East Battersea Power Station	Circus Road East	£1,695,650	31

Least Expensive Streets in Nine Elms

Postcode	Street	Area	Average	No. of Sales
SW8 5EZ	Sleaford Street	London	£166,041	6
SW11 8EB	Riverlight Quay	London	£170,295	22
SW11 4GB	Palmer Road	London	£179,950	5
SW11 8EA	Riverlight Quay	London	£182,596	13
SW11 4GJ	Palmer Road	London	£251,035	7
SW11 7AS	New Mill Road	London	£261,750	28
SW11 7BE	Ace Way	London	£315,416	3
SW8 5BY	Nine Elms Lane	London	£672,000	5
SW11 7BY	Malthouse Road	London	£713,801	55
SW11 8AA	Riverlight Quay	London	£719,000	5