Pause for breath in rise of local home values
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The latest sales data suggests that prices in the W6 area are seeing some retracement after rising to record levels earlier in the year.
Since the beginning of March average property prices are just over £500,000. For the first quarter as a whole the average was over £600,000.
The April data from Land Registry's House Price Index shows an annual price increase of 14.8% in London. For England and Wales prices are up by 8.5%. This is the sixth month in a row in which the figure has been positive and takes the average property value in England and Wales to £165,596.
The Nationwide House Price index for April shows a 10.1% increase the first double digit annual increase since 2007.
Commenting on the figures Martin Gahbauer, Nationwide's Chief Economist, said, "the more important driver of rising house prices has been the low level of stock for sale, as many homeowners and buy-to-let landlords continue to wait for prices to recover to peak 2007 levels before deciding to sell up or move. The very low level of interest rates has been supportive of this wait-and-see approach, particularly in the buy-to-let sector."
He is anticipating that prices will flatten out over the next few months due to the petering out of new buyer enquiries at estate agents offices and an increase in the number of instructions from sellers.
The latest reported sales are given in the table below.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
Property Sales in Hammersmith - March 2010
| Address | Price | Date |
|---|---|---|
| 145, Flora Gardens, W6 0HS | 218,000 |
27/04/2010 |
| 145, Hamlet Gardens, W6 0TR | 435,000 |
13/04/2010 |
| Irene House, Flat 4, Sulgrave Road, W6 7QP | 300,000 |
12/04/2010 |
| 37, Flat 1, Mall Road, W6 9DG | 240,000 |
08/04/2010 |
| 14, Kinnoul Road, W6 8NQ | 570,000 |
08/04/2010 |
| 2, Riverside Gardens, W6 9LE | 270,000 |
07/04/2010 |
| 67, Banim Street, W6 0DN | 490,000 |
01/04/2010 |
| 51, Kinnoul Road, W6 8NG | 725,000 |
31/03/2010 |
| 41, Richford Street, W6 7HJ | 885,000 |
31/03/2010 |
| The Square, Flat 10, Peabody Estate, W6 9PX | 265,000 |
29/03/2010 |
| 14b, Studland Street, W6 0JS | 235,000 |
29/03/2010 |
| 3, Mulberry Place, W6 9TY | 500,000 |
29/03/2010 |
| 151, Sulgrave Road, W6 7PX | 715,000 |
26/03/2010 |
| 61, Greyhound Road, W6 8NH | 522,500 |
26/03/2010 |
| The Grampians, 138, Shepherds Bush Road, W6 7NB | 330,000 |
26/03/2010 |
| D Block, Flat 9, Peabody Estate, W6 9PW | 262,000 |
24/03/2010 |
| 43a, Overstone Road, W6 0AD | 595,000 |
22/03/2010 |
| 79, Nasmyth Street, W6 0HA | 725,000 |
22/03/2010 |
| Kings Court, Flat 94, Hamlet Gardens, W6 0RW | 228,500 |
19/03/2010 |
| Hamlet Court, Flat 50, Hamlet Gardens, W6 0SY | 281,000 |
19/03/2010 |
| 1, Marco Road, W6 0PN | 1,212,500 |
18/03/2010 |
| 37, Ground Floor Flat, Disbrowe Road, W6 8QG | 372,500 |
18/03/2010 |
| 192, Dalling Road, W6 0EU | 442,225 |
16/03/2010 |
| Digby Mansions, Flat 49, Hammersmith Bridge Road, W6 9DF | 375,000 |
15/03/2010 |
| 45, The Upper Maisonette, Agate Road, W6 0AL | 550,000 |
15/03/2010 |
| Kings Court, Flat 84, Hamlet Gardens, W6 0RW | 216,500 |
15/03/2010 |
| The Grampians, 3, Shepherds Bush Road, W6 7LN | 294,000 |
12/03/2010 |
| 24, Flat 4, Stamford Brook Avenue, W6 0YD | 125,000 |
12/03/2010 |
| 49, Carthew Road, W6 0DU | 820,000 |
12/03/2010 |
| 51, Musard Road, W6 8NR | 730,000 |
12/03/2010 |
| 3, Lochaline Street, W6 9SJ | 615,000 |
12/03/2010 |
| Stamford Court, Flat 118, Goldhawk Road, W6 0XE | 303,500 |
11/03/2010 |
| Grove Mansions, Flat 11, Hammersmith Grove, W6 7EW | 385,000 |
11/03/2010 |
| 84, Claxton Grove, W6 8HE | 603,000 |
08/03/2010 |
| Alexandra House, Flat 6, Sulgrave Road, W6 7QU | 249,999 |
08/03/2010 |
| 20, Brackenbury Gardens, W6 0BP | 1,275,000 |
05/03/2010 |
| 94, Claxton Grove, W6 8HE | 615,000 |
05/03/2010 |
| 58b, Parfrey Street, W6 9EN | 325,000 |
03/03/2010 |
| 62, Carthew Road, W6 0DX | 765,000 |
03/03/2010 |
| 17, Nasmyth Street, W6 0HA | 724,500 |
03/03/2010 |
| 27, Tabor Road, W6 0BN | 870,000 |
03/03/2010 |
Source: Land Registry
June 11, 2010