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Local area not as strong as rest of borough

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While house prices in Hammersmith and Fulham rose faster than anywhere else in London in the first quarter of this year, new figures show that Shepherd's Bush sales were not as strong as the rest of the borough.

The average price of a property sold in W12 since the beginning of the year is £390,358. In the fourth quarter of 2009, the average was up by 1.9% compared to the previous quarter to £428,093.

South of the borough, in Fulham, meanwhile, property prices have soared and out of 33 properties reported as sold in February, ten changed hands for over £1,000,000.

In the same month, 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.

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."

January 2010 Property Sales in Shepherd's Bush

Address Price (£) Date
16, Melina Road, W12 9HZ
645,000
29/01/2010
1, Ground Floor Flat, Cobbold Road, W12 9LA
249,500
29/01/2010
81, St Elmo Road, W12 9DZ
333,000
29/01/2010
Fleet Court, Flat 97, Emlyn Gardens, W12 9UF
218,000
28/01/2010
21, Hetley Road, W12 8BA
280,000
28/01/2010
90, Frithville Gardens, W12 7JW
870,000
25/01/2010
66b, Frithville Gardens, W12 7JN
325,000
25/01/2010
13, Lower Ground Floor Flat, Stanlake Villas, W12 7EX
364,000
20/01/2010
11, First & Second Floor Flat, Glenroy Street, W12 0HF
380,000
19/01/2010
63, Askew Road, W12 9AH
375,000
19/01/2010
86a, Oaklands Grove, W12 0JB
377,500
18/01/2010
28, Davisville Road, W12 9SJ
745,000
18/01/2010
83, Ground Floor Flat, Loftus Road, W12 7EL
249,950
15/01/2010
75, Becklow Road, W12 9HH
615,000
15/01/2010
34, Ashchurch Grove, W12 9BU
1,100,000
15/01/2010
19a, Greenside Road, W12 9JQ
245,000
15/01/2010
58, Hartswood Road, W12 9NF
1,350,000
14/01/2010
73, Flat A, Lime Grove, W12 8EE
280,000
11/01/2010
Cornwallis House, Flat 19, India Way, W12 7QT
171,250
11/01/2010
24a, Collingbourne Road, W12 0JQ
391,000
08/01/2010
The Grange, 1, Goldhawk Road, W12 9PD
235,000
08/01/2010
140, Flat 1, Uxbridge Road, W12 8AA
211,950
08/01/2010
73, Flat C, Lime Grove, W12 8EE
320,000
06/01/2010
121, Flat 2, Goldhawk Road, W12 8EN
265,000
05/01/2010
Wandle Court, Flat 185, Emlyn Gardens, W12 9UJ
275,000
05/01/2010
8, Thorpebank Road, W12 0PQ
376,012
04/01/2010

 

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Source: Land Registry

April 11, 2010