Latest Shepherd's Bush Property Sales

Local market lags strong performance of neighbours

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The latest sales figures for the Shepherd's Bush area continues to suggest it is not enjoying the same strength in prices as other parts of West London. The Hammersmith W6 area recently rose to record levels but since the beginning of March W12 prices have fallen since the third quarter of 2009.

Volumes also remain a concern with the bounce back from the very depressed levels during the credit crunch being much less convincing than has been seen in other areas.

The average price of a property in W12 during the first quarter of the year was £403,220 which was down by 5.8% on the previous quarter.

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.

March 2010 Property Sales in Shepherd's Bush

Address Price (£) Date
63, Percy Road, W12 9PX
750,000
31/03/2010
113, Galloway Road, W12 0PH
496,450
31/03/2010
49, Fitzneal Street, W12 0BA
319,000
31/03/2010
42, Ollgar Close, W12 0NG
70,500
30/03/2010
3, Leysfield Road, W12 9JF
285,000
26/03/2010
43, Aylmer Road, W12 9LG
404,000
26/03/2010
3a, Thorpebank Road, W12 0PG
445,000
24/03/2010
31, Aylmer Road, W12 9LG
385,000
23/03/2010
50, Greenside Road, W12 9JG
342,000
22/03/2010
13, Flat A, Keith Grove, W12 9EY
446,733
19/03/2010
Lytten Court, 55, Flat 9, Becklow Road, W12 9HN
108,600
18/03/2010
58, Davisville Road, W12 9SJ
250,000
18/03/2010
14, Loftus Road, W12 7EN
371,000
12/03/2010
21, Ormiston Grove, W12 0JR
980,000
12/03/2010
25, Hadyn Park Road, W12 9AQ
660,000
11/03/2010
65, Flat 3, Coningham Road, W12 8BS
239,950
11/03/2010
17, Flat B, Askew Road, W12 9AD
210,000
08/03/2010
16, Warbeck Road, W12 8NT
655,000
05/03/2010
27, Flat 2, Boscombe Road, W12 9HS
359,995
05/03/2010
18a, Basement Flat, Woodstock Grove, W12 8LE
310,000
05/03/2010
Grey House, Flat 57, White City Estate, W12 7QP
175,000
05/03/2010
27, Clematis Street, W12 0QG
375,000
05/03/2010
60, Jeddo Road, W12 9EQ
365,000
03/03/2010
77, Garden Flat, Lime Grove, W12 8EE
332,000
01/03/2010

 

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Source: Land Registry

October 4, 2010