Hammersmith Property Prices - March 2010

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
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
18, First Floor Flat, Wolverton Gardens, W6 7DY £460,000 26/03/2010
The Grampians, 138, Shepherds Bush Road, W6 7NB £300,000 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
26, Flat 3, Greyhound Road, W6 8NX £250,000 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
The Grampians, 166, Shepherds Bush Road, W6 7NB £172,000 08/03/2010
20, Brackenbury Gardens, W6 0BP £1,275,000 05/03/2010
94, Claxton Grove, W6 8HE £615,000 05/03/2010
12, St James Street, W6 9RW £650,000 04/03/2010
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

Previous Sales in Hammersmith

June 11, 2010