Property prices in Wandsworth are soaring according to newly released figures from the Land Registry.

The value of houses and flats in the borough rose by a staggering 10.8 per cent to April this year, compared to the same period 12 months earlier.

This means a property worth £500,000 last year is now worth a whopping £554,000.

The average property price in the borough has risen as a result from £408,389 in April last year to £453,169 this year.

In nearby Merton and Hammersmith and Fulham prices increased by slightly more, rising by 11.4 per cent and 11 per cent respectively.

The biggest jump was in Camden, with an annual rise of 11.8 per cent.

Across London prices rose by 6.2 per cent in the year to April to an average of £375,795.

The most expensive average house price in any London borough was in Kensington and Chelsea at £1.1 million, followed by the City of Westminster at almost £800,000.

London property prices are miles ahead of other regions, according to the Land Registry, with the south-east being the second biggest riser, but by only 1.4 per cent.