The number of homes listed for sale at £1 million or more has doubled across Britain in the past six years — and Wandsworth is one of the country’s leading hotspots.
New figures from property website Rightmove show a 103% rise in homes priced at seven figures between January and April 2025, compared to the same period in 2019. Today, more than one in 20 homes on the market across Britain carries a £1 million price tag.
But in Wandsworth, the concentration is far higher. The borough now ranks third in the UK for the highest share of million-pound homes for sale — behind only Westminster and Kensington & Chelsea. It outpaces other wealthy London areas like Camden and Richmond, and even traditionally exclusive commuter towns such as Windsor, Elmbridge and St Albans.
The latest data reflects Wandsworth’s position as a high-demand, high-value part of inner London. The borough’s blend of period housing stock, green spaces, good schools and fast transport links continues to appeal to affluent buyers, particularly families looking to upsize without leaving the capital.
What does £1m buy in Wandsworth?
A budget of £1 million in Wandsworth might secure a three-bedroom terrace in Tooting, a two-bedroom flat with a balcony near Clapham Junction, or a modest family house in Putney. In more exclusive enclaves such as Wandsworth Common or Battersea’s riverside developments, buyers can expect stiff competition — and rising prices.
Wandsworth’s popularity has endured through market fluctuations, the pandemic, and successive changes in stamp duty policy. Unlike some rural hotspots that saw rapid spikes in value during the “race for space” years, Wandsworth’s growth has been more consistent and resilient.
A wider shift in the market
The trend is not limited to London. Nationally, the proportion of homes for sale priced at £1 million or more has risen from under 3% in 2019 to just over 5% in early 2025. The biggest percentage increases in seven-figure listings were seen in Cornwall, Uttlesford and Somerset — a sign of continued demand for larger properties in lifestyle-driven locations.
Rightmove’s research compared local authority areas with at least 10 homes for sale during the study period. The figures show that while the million-pound club is expanding, the capital remains its centre of gravity — with Wandsworth firmly embedded in the top tier.
A borough of contrasts
Wandsworth’s growing number of high-value homes highlights a deepening contrast within the borough. While riverside penthouses and Victorian mansions drive the market’s upper end, thousands of residents continue to face housing insecurity, long repair backlogs, and worsening affordability.
The borough’s emergence as one of Britain’s most expensive places to buy comes at a time of growing scrutiny over housing inequality — both nationally and locally. But for now, the million-pound milestone remains a mark of Wandsworth’s enduring appeal to wealthier buyers.
