Hammersmith Property Prices in September 2010

Average house price in W6 falls below £600,000

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Property prices in Hammersmith have fallen back from peak levels according to the latest official figures. Land Registry data for September shows the average price of a home sold in W6 as being £587,820. Prices by this measure peaked in the first quarter of this year when they rose briefly over £600,000 and again in June and Ruly.

Prices are up by 16.1% over the last year. In recent months it appears to be flats rather than houses that are leading the way. Flat sales volumes are up by 30.5% over the same period last year and prices are up by 25.4%

Over the last three years the rise in prices has been a more stately 9.2% and volumes are still well below what they were at that time.

Christian Harper of local agent Oliver Finn said, "We have certainly enjoyed a much better quarter than expected. Buyers numbers have reduced however the quality of buyers is second to none. Stock still remains paramount to the market stability. Instruction levels were expected to fall due to seasonal activity however good proceedable buyers will not wait forever and the market could stall if stock levels do not improve at the start of 2011. What a great and unexpected opportunity for sellers to capitalise whilst the going is good. I feel that European economics will play a larger part in market confidence during the next quarter"

For London as a whole the Land Registry data shows an increase of 8.8% in September over the same month in 2009. The average price of a London residential properly is now £340,344. This is the smallest annual rise since December 2009. Compared to August prices fell by 0.6%

The Nationwide's House Price index is suggesting a lower overall increase in prices than the Land Registry. This is based on offer prices for homes rather than achieved sale prices. Martin Gahbauer, Nationwide's Chief Economist, said, "October saw a continuation of the modest downward trend in house prices that began at the start of the summer. The average price of a typical UK property edged down by a seasonally adjusted 0.7% month-on month
in October."

He now thinks that a second round of quantatitive easing will be supportive for the property market.

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 - September 2010

Address Price Date
52a, Claxton Grove, W6 8HF
300,000
30/09/2010
73, Nasmyth Street, W6 0HA
910,000
30/09/2010
Hamlet Court, Flat 13, Hamlet Gardens, W6 0SY
280,000
30/09/2010
14, Luxemburg Gardens, W6 7EA
2,250,000
30/09/2010
16, Ground Floor Flat, Averill Street, W6 8EB
416,000
24/09/2010
23, Ground Floor Flat, Winslow Road, W6 9SF
295,000
24/09/2010
Longthorpe Court, 34, Invermead Close, W6 0QH
103,200
24/09/2010
35, Everington Street, W6 8DX
470,000
24/09/2010
8, Nella Road, W6 9PB
577,000
24/09/2010
4b, Stamford Brook Road, W6 0XH
169,950
23/09/2010
15, Beauclerc Road, W6 0NS
1,950,000
23/09/2010
Latymer Court, Flat 296, Hammersmith Road, W6 7LD
465,000
23/09/2010
The Grampians, 102, Shepherds Bush Road, W6 7LZ
282,000
22/09/2010
8, Ranelagh Gardens, W6 0YE
465,000
21/09/2010
148, First Floor Flat, Hammersmith Grove, W6 7HE
295,000
20/09/2010
32a, Westcroft Square, W6 0TD
530,000
20/09/2010
78, Claxton Grove, W6 8HE
600,000
20/09/2010
202, Flat D, Hammersmith Grove, W6 7HG
600,000
17/09/2010
11a, Raynham Road, W6 0HY
430,500
17/09/2010
Muscal House, Flat 45, Field Road, W6 8HS
210,000
17/09/2010
31a, Parfrey Street, W6 9EW
475,000
17/09/2010
7c, Averill Street, W6 8ED
377,500
15/09/2010
25, Colwith Road, W6 9EY
432,000
15/09/2010
Marryat Court, Flat 2, Cromwell Avenue, W6 9LB
285,000
15/09/2010
3, Nella Road, W6 9PB
350,000
14/09/2010
Hamlet Court, Flat 53, Hamlet Gardens, W6 0SY
245,000
13/09/2010
80, Black Lion Lane, W6 9BE
3,100,000
13/09/2010
57, First Floor Flat, Lochaline Street, W6 9SJ
432,000
10/09/2010
196a, King Street, W6 0RA
310,000
08/09/2010
36d, Overstone Road, W6 0AB
310,000
03/09/2010
149, Flat 10, Hammersmith Grove, W6 0NJ
345,000
03/09/2010
29, Flat 8, Batoum Gardens, W6 7QB
467,000
03/09/2010
62, Upper Maisonette, Richford Street, W6 7HP
750,000
03/09/2010
39, Flat 3, Westcroft Square, W6 0TA
355,000
03/09/2010
49, Ground Floor Flat, Petley Road, W6 9SU
445,000
03/09/2010
53, Overstone Road, W6 0AD
925,000
03/09/2010
6, Petley Road, W6 9ST
770,000
02/09/2010
Latymer Court, Flat 109, Hammersmith Road, W6 7JF
365,000
01/09/2010

Source: Land Registry

Previous Sales in Hammersmith

January 18, 2011