Hammersmith Grove Home Sells for Five Million

Spring months see local prices move back towards peak levels

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A house on Hammersmith Grove has become the most expensive residential property in the W6 post code area after being sold for £5,000,000.

The semi-detached freehold property last changed hands in 2007 for £1,650,000.

A total of 49 properties have been sold in the W6 post code area according to the Land Registry at an average price of £727,740.

Nine of these homes changed hands for over for over £1,000,000, which suggests that local home values are moving back towards peak levels seen in the third quarter of last year, having faltered during the chilly months in at the start of 2013.

The reason for these raising prices, local agents agree, is that demand for property is much greater than the current supply.

Says Alex Maile, MS of Lawson Rutter:
" Whatever economic missiles come our way it seems that our local housing market remains amazingly resilient and there’s no reason to suppose this is about to change.

"Any price fluctuation will always be driven by the relationship between supply and demand and all the evidence is that supply is becoming increasingly limited."


Paul Price of Marsh and Parsons Brook Green says: " In Brook Green and the surrounding Brackenbury Village and Hammersmith areas, property prices have risen by up to 7% since the beginning of the year. A lack of available property and increasing demand from buyers has helped to push these prices upwards and the demand is not showing any signs of easing.

" The number of buyers registered for every available property now stands at 15.7, compared to 10.5 in January. Competition amongst buyers is highest in the £1.5m to £2m price bracket, where buyers can get a 2,000sqft Victorian family house for less than £2m – a rarity so close to central London.

" As a result, we are achieving record prices for these premium properties and the price per square foot is being pushed above £1,000 in many cases."

Looking at London as a whole, April data from Land Registry's House Price Index shows that our  city remains the best performing property market in England and Wales. The average price of a home in the capital rose by 6.2% over the year to £375,795.

For the country as a whole prices only rose by 0.7% which takes the average property value in England and Wales to £161,458.

The most up-to-date figures available show that during February 2013, the number of completed house sales in England and Wales decreased by 3 per cent to 43,573 compared with 44,829 in February 2012.The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3 per cent to 488 from 475 in February 2012. London has seen a fall in repossessions which were down by 29% to 117 in February 2013 compared with the same month in 2012.

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 - (April - May 2013)
Deed date Address Price (£)
20-May-13 22 Stamford Brook Avenue, W6 0YD
390,000
17-May-13 Flat 217, Latymer Court, Hammersmith Road, W6 7JY
291,000
15-May-13 10 Kinnoul Road, W6 8NQ
795,000
10-May-13 115 Rannoch Road, W6 9SY
742,500
08-May-13 5 Marco Road, W6 0PN
1,775,000
07-May-13 54 Weltje Road, W6 9LT
337,000
03-May-13 36 Flora Gardens, W6 0HP
250,000
30-Apr-13 7, Crabtree Hall, Rainville Road, W6 9HB
265,000
30-Apr-13 108 Dalling Road, W6 0JA
325,325
29-Apr-13 Flat 27, Hamlet Court, Hamlet Gardens, W6 0SY
290,000
29-Apr-13 16 Disbrowe Road, W6 8QF
870,000
29-Apr-13 137 Claxton Grove, W6 8HB
960,000
26-Apr-13 Flat 1, Hazel House, Sulgrave Road, W6 7QF
390,000
26-Apr-13 Flat 3, 106 Hammersmith Grove, W6 7HB
445,000
26-Apr-13 22 Lena Gardens, W6 7PZ
498,999
26-Apr-13 32 Standish Road, W6 9AL
875,000
26-Apr-13 27 Raynham Road, W6 0HY
1,180,000
26-Apr-13 5 Aldensley Road, W6 0DH
1,450,000
26-Apr-13 34 St. Dunstans Road, W6 8RB
1,495,000
26-Apr-13 64 Prebend Gardens, W6 0XU
1,650,000
24-Apr-13 Flat 29, Digby Mansions, Hammersmith Bridge Road, W6 9DE
600,000
22-Apr-13 Flat, 36 Greyhound Road, W6 8NX
132,000
22-Apr-13 Flat 1, Chisholm Court, St. Peters Road, W6 9BB
249,999
22-Apr-13 Basement, 32 Lena Gardens, W6 7PZ
312,000
19-Apr-13 174, The Grampians, Shepherds Bush Road, W6 7ND
165,000
19-Apr-13 12 Bowfell Road, W6 9HE
780,000
18-Apr-13 Flat 24, Mary Macarthur House, Field Road, W6 8HZ
286,000
18-Apr-13 Flat 42, Hamlet Court, Hamlet Gardens, W6 0SY
315,000
18-Apr-13 Top Floor Flat, 9 Humbolt Road, W6 8QH
485,000
18-Apr-13 5a Margravine Gardens, W6 8RL
775,000
17-Apr-13 18 Ranelagh Gardens, Stamford Brook Avenue, W6 0YE
633,500
16-Apr-13 47 Hammersmith Grove, W6 0NE
5,000,000
15-Apr-13 6 Margravine Gardens, W6 8RH
390,000
11-Apr-13 7 Rosedew Road, W6 9ET
900,000
11-Apr-13 2 Furber Street, W6 0HE
1,150,000
10-Apr-13 Flat 105, Kings Court, Hamlet Gardens, W6 0RW
220,000
10-Apr-13 Flat 18, Marryat Court, Cromwell Avenue, W6 9LB
334,000
10-Apr-13 Flat 2, Marryat Court, Cromwell Avenue, W6 9LB
350,000
10-Apr-13 33 Ellaline Road, W6 9NZ
790,000
09-Apr-13 156 Hamlet Gardens, W6 0TR
419,950
09-Apr-13 87 Cardross Street, W6 0DP
990,000
08-Apr-13 152 Hamlet Gardens, W6 0TR
415,000
08-Apr-13 Apartment 42, Vitae, 311 Goldhawk Road, W6 0SZ
600,000
08-Apr-13 Flat 42, Bazalgette Court, Great West Road, W6 9AG
1,000,000
05-Apr-13 145b Greyhound Road, W6 8NJ
150,000
05-Apr-13 35 Cressy Court, Wingate Road, W6 0UY
407,000
05-Apr-13 Flat 6, Oakbrook, Goldhawk Road, W6 0WU
980,000
03-Apr-13 73 Iffley Road, W6 0PD
1,370,000
02-Apr-13 101, The Grampians, Shepherds Bush Road, W6 7LZ
185,000

 

Source: Land Registry

Previous Sales in Hammersmith

July 12, 2013