Property Sales in Hammersmith - June 2009

Tiny number of transactions means misery for agents

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368,077

The latest figures from the Land Registry are showing that the credit crunch is starting to have a noticeable impact on property values and volumes. Prices are down but transaction volumes have plummeted by nearly 60%

The web site Primelocation.com released figures last month claiming that sellers had increased the price of properties in the area by over 14% during January. Estate agents are looking to overseas buyers attracted by bargains presented by the weakness of sterling to provide support for the market particularly at the top end. The sale of a property in Hammersmith Terrace for over £2.5 million suggests this may not be totally wishful thinking (see table below).

The Land Registry numbers are for actual transactions rather than prices at which properties are being offered for sale so they may present a more reliable picture of the market.

The average price for a W6 property sold in the fourth quarter of last year was £452,455. This is down by 7.4% less than half the fall seen elsewhere in London and the country.

The most alarming number for estate agents is the volume figures which show that only 60 properties changed hands during the quarter. With 41 agents listed as being based in the area, significant consolidation seems likely.

The Land Registry data for January for the country as a whole shows an annual house price change of -15.1 per cent. This marks the seventeenth month in a row where the annual rate of change has fallen. This contrasts with the 21 months of uninterrupted increases in the annual rate of change between December 2005 and August 2007. Prices in London were down by 14.1% over the year.

The average property in England and Wales is currently worth £156,753 and the rate of monthly price change stands at -0.8 per cent. Sales volumes nationally have continued to decrease, with the number of sales averaging 41,014 per month in the months August to November 2008. In the same period in 2007, the average was £106,495

The numbers are subject to revision as usually some properties are added late to the Land Registry's database

Property Sales in Hammersmith

Address Price Date
38, Larnach Road, W6 9NX
640,000
30/06/2009
Flat C, 7, Beauclerc Road, W6 0NR
550,000
30/06/2009
40, Charlotte Court, W6 0WW
112,000
29/06/2009
84, The Grampians, Shepherds Bush Road, W6 7LZ
150,000
29/06/2009
13, Dalling Road, W6 0JD
475,000
26/06/2009
7, Bowfell Road, W6 9HE
625,000
26/06/2009
Ground Floor Flat, 3, Richford Street, W6 7HJ
215,000
26/06/2009
46, Margravine Road, W6 8HA
472,500
25/06/2009
Flat 59, Kings Court, Hamlet Gardens, W6 0RW
185,000
24/06/2009
Top Floor Flat, 9, Humbolt Road, W6 8QH
322,500
22/06/2009
4, Westcroft Mews, W6 0TL
475,000
22/06/2009
179a, Hammersmith Grove, W6 0NL
250,000
22/06/2009
36, Southerton Road, W6 0PH
775,000
19/06/2009
Flat 8, Elizabeth House, Queen Caroline Street, W6 9RB
240,000
19/06/2009
Flat 2, Eric House, Sulgrave Road, W6 7QL
250,000
18/06/2009
Second And Third Floor Flat, 58, Southerton Road, W6 0PH
365,000
18/06/2009
Flat 6, Percy House, Sulgrave Road, W6 7QE
315,000
16/06/2009
81, Hamlet Gardens, W6 0SX
430,000
12/06/2009
74, Hamlet Gardens, W6 0SX
400,000
12/06/2009
Flat 16, Joanna House, Queen Caroline Street, W6 9EE
222,000
12/06/2009
21, Biscay Road, W6 8JW
480,000
10/06/2009
Flat 50, College Court, Queen Caroline Street, W6 9DZ
380,000
10/06/2009
Flat 6, Burnham House, Sulgrave Road, W6 7QW
241,000
10/06/2009
Flat 119, Stamford Court, Goldhawk Road, W6 0XE
290,000
05/06/2009
Basement Flat, 87, Brackenbury Road, W6 0BQ
260,000
04/06/2009
18, Claxton Grove, W6 8HF
450,000
03/06/2009

 

Source: Land Registry

Previous Sales in Hammersmith

November 18, 2009