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The Housing Market in South West London – SW Postcodes

Local Property Guide

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If you’re looking for SW London house prices, we’ve got you covered with our guide. We’ve surveyed the latest data from Zoopla to give you the low-down on what buyers in the south west need to know, from the most affordable areas to the more expensive areas of the city to make a purchase.
 

Average house prices in South West London

According to data from Zoopla (Nov 2019), the average property price in SW London over the last 12 months was £864,185. Get an idea of how far your budget will stretch with our breakdown of average prices by property type:
 

  • Detached house: £2,220,451
  • Semi-detached house: £1,258,051
  • Terraced house: £1,099,784
  • Flats: £612,884

 

South West London’s Most Expensive Areas

If you want the green space and village atmosphere that living in SW London offers, you should expect to pay a premium for it. The most expensive place to buy in this area is South Kensington, SW7, which is the home of Harrods and Harvey Nichols, as well at the V&A, the Natural History Museum and the Royal Albert Hall. To live near all of these iconic attractions, you’ll pay an average of £2,452,124.

Chelsea is another area where prices are high. Here, the average property price is £2,376,217, and perhaps unsurprisingly, SW1, which covers Central London, is also pricey. This covers the swanky districts of Belgravia, Whitehall and Buckingham Palace, amongst others, and the average property sells for £1,722,326.

Slightly further out, West Brompton is another expensive area to buy a house in SW London. A quiet, affluent residential area, SW10 is favoured by young families and couples buying their first home. Prices here average £1,643,651. Barnes is our final expensive district, where you’ll enjoy larger houses with gardens, a village-like atmosphere, and some of the city’s finest private schools. Expect to pay for these attractions as houses here average £1,397,222.
 

South West London’s Cheapest Areas

If you dream of owning a house in SW London, there are some more affordable areas to check out. Streatham, SW16, is one such district. Just 20 minutes from Victoria, it’s a good choice for commuters who want more bang for their buck. Prices average £462,268.

Stockwell, SW9, is another good option. Here you can find plenty of mansion flats for sale, which are perfect for young couples buying their first home. Prices in Stockwell average £516,598. For an achingly cool, up-and-coming area, Brixton is surprisingly affordable. It’s cheaper and edgier than Shoreditch, and delightfully multicultural. Houses average £544,046 in SW2.

You could also look in Tooting, SW17, where house prices average £622,334, or try South Lambeth, another area which is undergoing rapid gentrification. There, you can expect to pay an average of £693,878 for a property, and you’ll have a choice of town houses, terraces and modern flats.
 

Up-and-coming Areas in South West London

If you’re looking to make an investment, think about buying a house in one of these parts of SW London. Prices in these areas have increased over the last 5 years, and they’re set to become more popular:
 

  • Balham, SW12. Prices here average £778,243, an 9.36% increase
  • Streatham, SW16. Prices here average £462,268, which is an 8.83% increase
  • Clapham, SW4. Prices here average £773,394, which is an 8.24% increase
  • West Wimbledon, SW20. Prices here average £715,007, which is a 7% increase

 

How Far Will Your Money Go in South West London?

House prices in SW London can be eye-wateringly expensive, but as we’ve seen, there are also far more affordable areas in the region. Buying a 3 bedroom terraced house in South Kensington, for example, will cost you around £3,759,000. In Streatham, you can get the same type of house and the same number of bedrooms for £504,000.
 

South West London Housing Market: Conclusion

There’s no doubt about it: if you want the luxuries of SW London life, including expansive green spaces and cultural attractions, there is a hefty price tag. However, if you know the right areas to look, you can still enjoy living in the south west, for a far more affordable price.
 
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