Property prices up in the W6 area, but sales are falling

Houses in Hammersmith and Brook Green have highest value in two years

H&F
Period
Av Price
apr-jun 2003
346102
jan-mar 2003
331381
oct-dec 2002
349001
jul-sept 2002
350643
apr-jun 2002
348506

Land Registry published last week its latest Property Prices report for the trimestre between April and June 2003. It reveals that, although prices are falling borough wide, there is a rise in value for the properties in the W6 area.

The overall of house prices in Hammersmith and Fulham is of £346102, 0.69% lower compared with the same period last year. But the report shows an increase at all W6 postcodes, although sales are falling.

The highest increases occurred for houses in Hammersmith and Goldhawk Road areas, including all W6 0 post codes, and Brook Green (W6 7).


At Goldhawk Road area prices are 14,9% up compared with the same period last year. During April-June 2002, houses in the area were at £345,737 and are costing now £406,687 (April-June 2003). All house types (semi-detached, terraced, flat and maisonettes) are in a tendency of increase. The prices reported are the highest in the past two years, but sales are down. The overall sales felt from 75 in April-June in 2002 to 46 this year, 63% lower.

W6 0
Semi-Detached
Terraced
Flat/Maisonette
Overall
Period
Av Price
Sales
Av Price
Sales
Av Price
Sales
Av Price
Sales
apr-jun 2003
731400
5
507637
16
277138
25
406687
46
jan-mar 2003
0
0
570409
22
231914
34
364894
56
oct-dec 2002
0
0
445766
15
249294
37
305968
52
jul-sept 2002
606000
5
497903
31
252463
57
353283
93
apr-jun 2002
538500
5
493053
29
218031
41
345737
75
jan-mar 2002
370999
6
491777
22
232760
23
360756
51
oct-dec 2001
593000
3
455760
23
222023
32
333900
58
jul-sept 2001
0
0
526120
27
216915
45
332866
72
apr-jun 2001
0
0
375911
17
205617
49
249480
66

Brook Green (including all W6 7 post codes) is also enjoying the same increase, exactly 14,8%. House prices in April-June 2002 were at £327,087 and this year went up to £384,129, the highest since April-June 2001. But, again, sales are in a fall by 57,4%. Only 20 houses, 15 of them flats or maisonettes, were sold in the past three months, one of the worst performances in the past two years.

W6 7
Terraced
Flat/Maisonette
Overall
Period
Av Price
Sales
Av Price
Sales
Av Price
Sales
apr-jun 2003
694000
5
280839
15
384129
20
jan-mar 2003
326400
5
273592
13
288260
18
oct-dec 2002
732142
7
223884
26
331696
33
jul-sept 2002
747750
8
271013
29
374091
37
apr-jun 2002
642499
12
218947
35
327087
47
jan-mar 2002
544375
4
175247
22
232035
26
oct-dec 2001
506111
9
189095
21
284199
30
jul-sept 2001
596857
7
209040
26
291304
33
apr-jun 2001
399550
9
211209
25
261063
34

Both Barons Court area (W6 8) and by the Riverside (W6 9) the increase was of 7,1% compared with the same period last year. In Barons Court, the average price is now at £296,236, but it has been higher. In Jul-September 2002, it reached £299,438. Sales felt 52% in the last three months and it is at its lowest level since April 2001.

W6 8
Terraced
Flat/Maisonette
Overall
Period
Av Price
Sales
Av Price
Sales
Av Price
Sales
apr-jun 2003
395857
7
238125
12
296236
19
jan-mar 2003
365310
10
212352
19
265096
29
oct-dec 2002
389326
13
200014
30
257247
43
jul-sept 2002
395662
28
215242
32
299438
60
apr-jun 2002
340918
23
222636
29
274953
52
jan-mar 2002
367285
14
170277
9
290194
23
oct-dec 2001
286622
12
206253
15
241972
27
jul-sept 2001
336972
20
194603
26
256502
46
apr-jun 2001
333681
11
172733
15
240826
26


By the Riverside, despite an increase compared with the same period last year, property prices have been higher. The average price now is of £325,166, but it reached £375,564 during October-December last year. There wasn't a significant change in sales compared with the past trimester, but they also reached its lowest in two years.

W6 9
Terraced
Flat/Maisonette
Overall
Period
Av Price
Sales
Av Price
Sales
Av Price
Sales
apr-jun 2003
445722
9
234750
12
325166
21
jan-mar 2003
353363
11
285954
12
318193
23
oct-dec 2002
496874
20
282249
26
375564
46
jul-sept 2002
484692
13
281150
20
361333
33
apr-jun 2002
399807
13
241140
21
301806
34
jan-mar 2002
498301
12
244444
16
353239
28
oct-dec 2001
436375
12
220312
16
312910
28
jul-sept 2001
409260
23
231905
25
316887
48
apr-jun 2001
412526
19
174246
16
303598
35



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