Property Sales in Hammersmith - July 2009

Tiny number of transactions means misery for agents

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572,500

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
37, Delorme Street, W6 8DS
500,000
31/07/2009
15, South Black Lion Lane, W6 9TJ
655,000
31/07/2009
Flat 9, 108 112 Russell Court, Hammersmith Grove, W6 7HB
307,500
28/07/2009
84c, Hammersmith Grove, W6 7HB
240,000
27/07/2009
26, Aldensley Road, W6 0DL
480,000
24/07/2009
Flat 2, Kings Court, Hamlet Gardens, W6 0RN
166,000
24/07/2009
33, Rannoch Road, W6 9SS
590,000
24/07/2009
88, Rannoch Road, W6 9SP
550,000
24/07/2009
21, The Grampians, Shepherds Bush Road, W6 7LN
250,000
22/07/2009
Flat 41, Stamford Court, Goldhawk Road, W6 0XD
249,500
20/07/2009
123, Claxton Grove, W6 8HB
500,000
17/07/2009
53, Petley Road, W6 9SU
590,000
17/07/2009
17, Stamford Brook Road, W6 0XJ
715,000
17/07/2009
170, Flora Gardens, W6 0HT
190,000
17/07/2009
Flat 327, Latymer Court, Hammersmith Road, W6 7LD
280,000
15/07/2009
17, Brecon Road, W6 8PY
655,000
14/07/2009
Basement Flat, 49, Averill Street, W6 8ED
249,999
13/07/2009
Flat 24a, Digby Mansions, Hammersmith Bridge Road, W6 9DE
240,000
10/07/2009
20, Lena Gardens, W6 7PZ
915,000
10/07/2009
11, Claxton Grove, W6 8HD
575,000
10/07/2009
24, Claxton Grove, W6 8HF
475,000
10/07/2009
52, Bute Gardens, W6 7DX
1,300,000
08/07/2009
103, The Grampians, Shepherds Bush Road, W6 7LZ
126,000
08/07/2009
13a, St Peters Square, W6 9AB
276,000
07/07/2009
55, Rowan Road, W6 7DT
1,550,000
06/07/2009
5, Luxemburg Gardens, W6 7EA
2,100,000
03/07/2009
14, Weltje Road, W6 9TG
795,000
02/07/2009
1, Hebron Road, W6 0PQ
815,000
01/07/2009
Flat 2, 26, Stamford Brook Avenue, W6 0YD
260,000
01/07/2009
1, Theresa Road, W6 9AQ
580,000
01/07/2009

 

Source: Land Registry

Previous Sales in Hammersmith

November 18, 2009