Latest Property Sales in Hammersmith

Stronger recovery in volumes - houses lead price recovery

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The latest official sales figures for property in the local area suggest that a two tier market is developing in Hammersmith. Whereas house prices appear to be recovering strongly, the prices of flats are static at best.

There has been a massive recovery in volumes in the market with sales up by 83.6% over the last quarter. The sales of flats and maisonettes nearly doubled.

The average price of a property in W6 in the third quarter of this year was £513,220, a sharp bounce-back from the previous quarter and only marginally below the levels seen a year ago.

A more detailed look at the numbers shows that the headline number does not tell the full story. Flat prices are down significantly over the last year, whereas terraced house prices have risen strongly.

Over the last five years terraced properties in W6 are up by 35.7% whereas flats have risen by just 14.1%

London's annual house price change to the end of September according to the Land Registry is -3.2%, which is the sixth month in a row in which London's rate of fall has eased. The average value of a property in London is now £314,954.

Right Move's House Price index, which is based on offered prices rather than sales prices, is showing that in October in London prices were back to an all-time high. The majority of buyers are expecting more rises and only 1 in 10 expecting falls

The Land Registry figures for England and Wales as a whole in September show an annual movement of -5.6%. This brings the average house price in England and Wales to £158,377. This is the fifth month in a row where the annual rate of decline has eased.

The latest survey of Chartered Surveyors for the RICS also shows the market recovering with London appearing to be the strongest area.

Jeremy Leaf, a spokesperson for the RICS said, " Although the supply of property is beginning to pick-up, it is still insufficient to keep pace with the increase in demand which points to further prices gains in the near term. Cheap money remains a critical prop for the market and this is being reflected in the continuing appetite for finance from first-time buyers despite the large deposits still being demanded by lenders."

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

Address Price Date
Basement Flat, 34, Brecon Road, W6 8PU £230,000 28/08/2009
5, Rannoch Road, W6 9SS £550,000 28/08/2009
69, Cardross Street, W6 0DP £643,000 28/08/2009
Basement Maisonette, 41, Averill Street, W6 8ED £247,500 28/08/2009
48, Rannoch Road, W6 9SR £550,000 27/08/2009
66, Brook Green, W6 7BE £1,775,000 27/08/2009
Ground Floor Flat, 67, Musard Road, W6 8NR £340,000 26/08/2009
Flat 1, 2, Mall Villas, W6 9DQ £305,000 26/08/2009
Flat A, 35 St Dunstan's Road, St Dunstans Road, W6 8RE £275,000 25/08/2009
10, Skelwith Road, W6 9EX £645,000 25/08/2009
Flat 1, 139, Hammersmith Grove, W6 0NJ £380,000 24/08/2009
23b, Studland Street, W6 0JS £378,000 21/08/2009
4, Everington Street, W6 8DU £375,000 20/08/2009
16, Larnach Road, W6 9NX £500,000 20/08/2009
13, Nasmyth Street, W6 0HA £685,000 19/08/2009
Ground Floor Flat At, 18, Poplar Grove, W6 7RE £425,000 19/08/2009
Ground Floor Flat, 91, St Dunstans Road, W6 8RE £335,000 19/08/2009
Second Floor Flat And Roof Void, 117, Sulgrave Road, W6 7QH £470,000 19/08/2009
15, Rannoch Road, W6 9SS £610,000 19/08/2009
132, Iffley Road, W6 0PE £800,000 17/08/2009
41, Mall Road, W6 9DG £790,000 14/08/2009
Flat 4, Percy House, Sulgrave Road, W6 7QE £323,000 14/08/2009
61, Rowan Road, W6 7DT £1,600,000 14/08/2009
44, Chancellors Road, W6 9RS £610,000 14/08/2009
Flat 4, 133, Hammersmith Grove, W6 0NJ £352,500 14/08/2009
11, Ellaline Road, W6 9NZ £480,000 14/08/2009
92, St Dunstans Road, W6 8RA £425,000 13/08/2009
20, Skelwith Road, W6 9EX £625,000 13/08/2009
Flat 8, S Block, Peabody Estate, W6 9QY £183,000 12/08/2009
Flat 3, G Block, Peabody Estate, W6 9PT £221,000 11/08/2009
86a, Glenthorne Road, W6 0LP £365,000 10/08/2009
8, Lena Gardens, W6 7PZ £1,335,000 07/08/2009
Flat 21, William Morris House, Margravine Road, W6 8LP £227,500 07/08/2009
122, Rannoch Road, W6 9SW £495,000 05/08/2009
214b, King Street, W6 0RA £306,000 05/08/2009
45, Riverside Gardens, W6 9LE £229,000 04/08/2009

 

Source: Land Registry

Previous Sales in Hammersmith

January 20, 2010