Brisk Business at Both Ends of W6 Property Market

And high price levels are also being maintained in second half of year

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The latest information from the Land Registry shows that the Hammersmith property market is bustling, with prices maintaining high levels during the second half of 2011.

63 properties are reported as sold so far in W6 since the end of June, at an average price of £600,675.

This is slightly down on the average price for the second quarter of 2011, which reached £626,853, just short of the all time high of £631,677 achieved in the last quarter of 2010.

However, this is partly due to the strong demand at the bottom end of the market. Hammersmith remains comparatively affordable for first time buyers, compared to other areas such as Fulham and Chiswick, with 15 properties changing hands for under £300,000, and three selling for under £200,000 - with the cheapest, in Longthorpe Court in Invermead Close priced just £109,650.

Local agent Winkworth says the lack of affordable mortgages cause a marked fall in demand from first timers last year, but now: " First time buyers have started to come back this year, heavily supported by the bank of mum and dad. A good first time buyer property will always sell."

Though the vast majority of properties sold for under £1 million, four  - in Coulter Road, Melrose Terrace, Cromwell Grove and Ravenscourt Road - changed hands for between £1 million and £2 million, and a second house in Ravenscourt Road almost broke the £3 million barrier at £2,875,000.

Ed Mead, Director of Winkworth, says that these continuing high prices are due to buyers  competing over a limited supply of properties. " Far fewer people are opting to move home as the cost of moving has become prohibitive for many homeowners," he says." With property supply likely to decrease over the next quarter and demand increasing, it appears to be an excellent time to be selling. "

London was the only region in England and Wales to experience an increase in its average property value over the last 12 month, according to the Land Registry's. The average price rose by 2.1% to £348,686.

The national House Price Index shows an annual price decrease of 2.6% which takes the average property value in England and Wales to £162,347.

The most up-to-date figures available show that during June 2011, the number of completed house sales in England and Wales decreased by 13% to 54,776 from 62,714 in June 2010. The number of properties sold in England and Wales for over £1 million decreased by 28 per cent between June 2010 and June 2011, from 644 to 465.

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 - July 2011

Address Price Date
6, Flat 2, St Dunstans Road, W6 8RB
480,000
29/07/2011
23, Overstone Road, W6 0AA
265,000
29/07/2011
99, Claxton Grove, W6 8HB
650,000
29/07/2011
22, Shepherds Bush Road, W6 7PJ
208,000
28/07/2011
3, Astrop Mews, W6 7HR
380,000
28/07/2011
17, Melrose Terrace, W6 7RL
1,900,000
28/07/2011
46, Averill Street, W6 8EB
790,000
28/07/2011
33, Cromwell Grove, W6 7RQ
1,685,000
27/07/2011
12, Averill Street, W6 8EB
586,000
27/07/2011
41d, Shepherds Bush Road, W6 7LU
467,000
26/07/2011
6, Richford Street, W6 7HH
915,000
26/07/2011
60, Southerton Road, W6 0PH
855,000
25/07/2011
248, Flat 4, Hammersmith Grove, W6 7EP
275,000
25/07/2011
58, Bradmore Park Road, W6 0DT
950,000
22/07/2011
53, First Floor Flat, Southerton Road, W6 0PJ
285,000
22/07/2011
208a, King Street, W6 0RA
292,500
22/07/2011
7, Disbrowe Road, W6 8QG
675,000
22/07/2011
15, Flat 3, Cromwell Grove, W6 7RQ
280,000
22/07/2011
40, Flat C, Cambridge Grove, W6 0LA
312,000
20/07/2011
62, Adeney Close, W6 8ET
457,500
20/07/2011
13, Richford Street, W6 7HJ
652,000
18/07/2011
Norfolk House, Flat 3, Sulgrave Road, W6 7QT
272,000
18/07/2011
44, Rannoch Road, W6 9SR
700,000
15/07/2011
4a, Brackenbury Gardens, W6 0BP
422,000
15/07/2011
77c, Hammersmith Grove, W6 0NE
580,000
15/07/2011
Royston House, Flat 5, Sulgrave Road, W6 7QR
300,000
15/07/2011
48, Ravenscourt Road, W6 0UG
1,370,000
14/07/2011
25, Charlotte Court, W6 0WW
112,478
14/07/2011
42, Rowan Road, W6 7DU
750,000
13/07/2011
22, Lower Maisonette, Margravine Gardens, W6 8RH
440,000
12/07/2011
Kings Court, Flat 24, Hamlet Gardens, W6 0RN
182,500
11/07/2011
32, Standish Road, W6 9AL
555,000
08/07/2011
43, Colwith Road, W6 9EY
405,000
08/07/2011
2, Flat D, Westcroft Square, W6 0TB
290,000
08/07/2011
382, Goldhawk Road, W6 0SB
881,000
08/07/2011
Latymer Court, Flat 213, Hammersmith Road, W6 7JY
220,000
07/07/2011
39, Yeldham Road, W6 8JF
625,000
06/07/2011
202c, Fulham Palace Road, W6 9PA
382,000
05/07/2011
55a, Cambridge Grove, W6 0LB
448,000
05/07/2011
120, St Dunstans Road, W6 8RA
365,000
04/07/2011
Grove Mansions, Flat 10, Hammersmith Grove, W6 7EW
432,000
04/07/2011
60, Flat 3, Weltje Road, W6 9LT
527,000
01/07/2011
Amelia House, Flat 8, Queen Caroline Street, W6 9ED
322,500
01/07/2011
74, Cardross Street, W6 0DR
722,500
01/07/2011
Longthorpe Court, 35, Invermead Close, W6 0QH
109,650
01/07/2011
47, Richford Street, W6 7HJ
899,950
01/07/2011

Source: Land Registry

Previous Sales in Hammersmith

January 24, 2012