Twickenham Property: The twenty most expensive houses sold in 2021

  Posted: 16.09.21 at 14:48 by Nub News in partnership with Twindig

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Twickenham postcodes TW1 and TW2 have some of the hottest property in southwest London.

House prices in Twickenham have been heading in one direction in
2021 – and that’s upwards.

Where are the highest house prices in Twickenham?

So far this year the highest house prices have been seen in St Peter’s Road, TW1, where a home sold for £5,150,000.

That’s significantly ahead of the second most expensive, on Clevedon Road, TW1, which sold for £2,275,000.

Taking the final place on the podium is Cole Park Road, TW1 where a house sold for £2,350,000.

Graph 2 shows the streets with the 20 most expensive house sales in Twickenham, in 2020. Credit: Twindig.

Graph 1 shows the streets – including St Peter’s Road, Clevedon Road, Cole Park Road – with the 20 most expensive house sales in Twickenham so far, in 2021.

How do Twickenham house prices this year compare to last year?

Research by property tech company Twindig shows house prices in Twickenham increased by 8.5% during 2020.

The most expensive house sold was in Ailsa Road TW1, at £4.9 million. St Peter’s Road’s most expensive sale was for £3,820,000.

And the third most expensive was in Waldegrave Park, selling at £3,675,000.

Graph 3 shows the 20 Twickenham streets with most house sales so far this year. Credit: Twindig.

Graph 2 shows the streets with the 20 most expensive house sales in Twickenham, in 2020.

Find out the valuation of your Twickenham home here.

What are the streets with the most house sales in the Twickenham, right now?

So far in 2021 St Margaret’s Road has been the hottest street in Twickenham with 15 homes sold, followed by Varsity Drive with nine sales and Amyand Road with seven sales.

Graph 3 shows the 20 Twickenham streets with most house sales so far this year.

Graph 4 Nine of 2021’s top streets for house sales were also in the top 20 in 2020. Credit: Twindig.

How have the streets with the most house sales in Twickenham changed?

St Margaret’s Road also topped the Twickenham housing market charts in 2020 with 21 sales, followed by Richmond Road with 15 sales and eleven sales in both Amyand Park Road and Cambridge Park.

Nine of 2021’s top streets for house sales were also in the top 20 in 2020.

Eight of the hottest streets in 2021 were also in the 2019 top 20.
Like everywhere else, the Twickenham housing market in 2020 and 2021 has been impacted by COVID-19.

So, Graph 5 shows at the streets with the highest number of house sales in 2019.

Graph 5 shows at the streets with the highest number of house sales in 2019. Credit: Twindig.

Graph 6 shows which streets have had the most house sales in Twickenham over the last three years.

Twickenham House prices in context: Is there such a thing as a housing market?

Experts at Twindig don’t believe there is a UK housing market, but rather thousands of local markets that together make up a UK housing market.

Sometimes an area like Twickenham has its own housing market – and at other times a single street such as St Margaret’s Road, Twickenham could be viewed as having its own housing market.

St Margaret’s Road, for example, has numerous flats sought by both first-time buyers and buy-to-let landlords.

Graph 6 shows which streets have had the most house sales in Twickenham over the last three years. Credit: Twindig.

At the other end of the scale, St Peter’s Road in Twickenham is sought after by the wealthy and buyers interested in a specific property.

So, St Peter’s Road is a separate housing market to St Margaret’s Road, even though they are only a stone’s throw from each other in Twickenham.

Find out the valuation of your Twickenham home here.

House Prices in the London Borough of Richmond

Twickenham is in the London Borough of Richmond. The average house price in Richmond before the first lockdown was £656,740.

Graph 7:The latest house price data from the Land Registry suggests the average house price in Richmond was £702,845.

This rose to £690,352 before the start of the Stamp Duty Holiday.

The latest house price data from the Land Registry (Graph 7) suggests the average house price in Richmond was £702,845.

House prices have therefore increased by £46,105 or 7% since the start of the pandemic – that’s an average of almost £3,000 per month.

Is buying a house in Twickenham a good investment?

Buying a house in Twickenham has been a very wise investment (Graph 8).

Graph 8: Buying a house in Twickenham has been a very wise investment. Credit: Twindig.

The average house price in Twickenham in 1995 was £122,000.

This had increased to £788,000 in December 2020 – an increase of, on average, 7.8% per year.

How active is the housing market in Twickenham?

The volume of house sales in Twickenham has yet to return to its pre-credit crunch levels (Graph 9).

Uncertainty around Brexit has also led to a continued decline in housing transactions.

Graph 9:The volume of house sales in Twickenham has yet to return to its pre-credit crunch levels. Credit: Twindig.

However the outlook for house prices in Twickenham is positive. We believe house prices in Twickenham will be 5% (or c.£35,000) higher in 12 months’ time.

Although the Stamp Duty Holiday draws to a close in September 2021, this is also the start of the Autumn Selling Season, which kicks off as families return from holidays and children return to school.

It is an important time for people looking to move into their next home before Christmas.

We also believe the housing market will return to normal levels of activity as we learn to live with COVID and people move from working fully from home to a hybrid model.

Darren Bartlett of Bartlett and Partners, a partner of Twickenham Nub News, said: “House sales in Twickenham have probably moved forward, but interestingly flats have stayed around 2017 levels for the last four years.

“The 'race for space' is pushing traditional flat buyers further out to get an office space, or a garden, driven by the changes in the world over the last 18 months.”
Darren's Information:
Office: 020 3879 1239
Email: [email protected]
Or check out his website here.

Find out the valuation of your Twickenham home here.

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