Hammersmith Property Sales February 2010

Brook Green Sale leads to record month

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The latest sales data shows an all-time monthly high for Hammersmith with property prices averaging £694,452

However, a note of caution should be sounded as there was a relatively small number of homes sold during the month and they included a Brook Green property that went for over £3,000,000. Excluding this sale the average was £568,924.

In February, London's annual house price change according to the Land Registry index was a positive 11.9 per cent, which is an increase from last month's figure, and the fifth month in a row in which the movement has been positive. It was also the strongest growth of any region.

The average value of a property in London is now £333,394, which is a decrease from last month.

For the country as a whole there was an annual increase of 7 per cent. This is the fourth month in a row in which the annual movement has been positive. The monthly house price change is negative this month, at -0.3 per cent. This brings the average house price in England and Wales to £164,455.

The Rightmove House Price Index for February 2010 reveals that average asking prices increased by over £7,000 in the past month. This is the largest monthly increase since April 2007 and represents a year-on-year increase of 6.1%. In London they are showing the highest ever level of asking prices.

Miles Shipside, commercial director of Rightmove comments: "A price jump of over 3% is more comparable to the pre-credit-crunch boom-times. Sellers are setting their sights higher, and some agents are going along with them in order to win scarce instructions. Property for sale remains scarce in popular areas, but new supply to the market has to be priced at what buyers are willing and able to pay. An average increase of over 7,000 pounds may prove to be a bit too spicy for some buyers' tastes, now that economic constraints have forced them to develop a simpler palate."

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 - February 2010

Address Price Date
29, Larnach Road, W6 9NX
760,000
26/02/2010
9, Rainville Road, W6 9HA
318,000
26/02/2010
52, Beryl Road, W6 8JT
615,000
25/02/2010
King Henrys Reach, Flat 74, Manbre Road, W6 9RH
482,000
25/02/2010
William Morris House, Flat 53, Margravine Road, W6 8LR
230,000
24/02/2010
3, Disbrowe Road, W6 8QG
604,000
19/02/2010
47, Rannoch Road, W6 9SS
675,000
19/02/2010
18, Bowfell Road, W6 9HE
720,000
19/02/2010
37, Lower Ground Floor Flat, Overstone Road, W6 0AD
290,000
19/02/2010
110, Rannoch Road, W6 9SW
725,000
19/02/2010
17, Poplar Grove, W6 7RF
1,340,000
17/02/2010
5, Studland Street, W6 0JS
525,000
12/02/2010
26, Ranelagh Gardens, W6 0YE
475,000
12/02/2010
38, Tabor Road, W6 0BW
850,000
12/02/2010
65, Beryl Road, W6 8JS
725,000
12/02/2010
40, Flat 1, Hammersmith Grove, W6 7HA
400,000
05/02/2010
114, Flat 2, St Dunstans Road, W6 8RA
360,000
05/02/2010
23, Greyhound Road, W6 8NH
617,500
05/02/2010
53, Banim Street, W6 0DN
495,000
05/02/2010
The Grampians, 2, Shepherds Bush Road, W6 7LN
172,000
05/02/2010
19, Brook Green, W6 7BL
3,205,001
01/02/2010

 

Source: Land Registry

Previous Sales in Hammersmith

June 11, 2010