Shepherd's Bush Property Sales - February 2011

Prices continue to make a steady recovery

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The average price of residential properties sold in February this year in Shepherd's Bush is £430,755. This is slightly up on the last quarter of 2010 when the average dropped to £426,400, a sharp drop of 13% - almost £65,000 - from the peak levels seen in the Summer. There were 41 homes sold in the area during the month.

Two homes sold for over £1 million, including one in Ashchurch Park Villas which became the twelfth most expensive property to have been sold in Shepherd's Bush.

London property prices overall are up by 3.2% in February compared to last year. Prices were down marginally on the previous month. This is still highest level in the country with the North East seeing prices fall by 7.1% in the same period. Nationally prices fell by 1.7% in February 2011 compared with February 2010.

This brings the average property price to £341,048, in comparison to the figure for England and Wales, which is £162,215.

Longer term London has also significantly outperformed the rest of the country according to the Nationwide House Price Index, with prices up 17% over the last five years. This compares to a modest 1.3% increase across the UK as a whole. Over the same period, the North was the worst performing region, with prices down 7.8%.

Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said, “Demand for homes has levelled out, supported by historically low interest rates and some stabilisation in the labour market. The continued uncertain outlook for the economy is likely to keep many potential buyers on the sidelines for some time yet. “Nevertheless, there are few signs of a glut of unsold homes building up on the market. Sellers remain reluctant to accept lower prices to secure a sale. In fact there are tentative signs that the volume of homes coming onto the market is slowing.”

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The latest reported sales are given in the table below.

February 2011 Property Sales in Shepherd's Bush

Address Price (£) Date
12a, Coverdale Road, W12 8JL
300,000
28/02/2011
22, Elgin Avenue, W12 9NP
246,000
28/02/2011
145, Basement Flat, Uxbridge Road, W12 9RB
345,000
28/02/2011
60, Abdale Road, W12 7EU
665,000
28/02/2011
32, Warbeck Road, W12 8NT
695,000
28/02/2011
26, First Floor Flat, Lime Grove, W12 8EA
317,500
25/02/2011
66, Sedgeford Road, W12 0NB
595,000
25/02/2011
24, Ground Floor Flat 5, Wendell Road, W12 9RT
140,000
22/02/2011
30, Hudson Close, W12 7LX
190,000
18/02/2011
38a, Thornfield Road, W12 8JQ
275,000
18/02/2011
4, First Floor Flat, Warbeck Road, W12 8NT
310,000
18/02/2011
103, Flat 7, Devonport Road, W12 8PB
160,000
18/02/2011
40, Ground Floor Flat A, Davisville Road, W12 9SJ
335,000
18/02/2011
47, Percy Road, W12 9PX
818,000
18/02/2011
1, Bramble Gardens, W12 0TF
355,000
18/02/2011
7, Flat 1, Loftus Road, W12 7EH
350,000
17/02/2011
40, Flat B, Davisville Road, W12 9SJ
200,000
16/02/2011
67, Primula Street, W12 0RF
260,000
16/02/2011
27, Havelock Close, W12 7NG
236,000
15/02/2011
85, Flat 2, Godolphin Road, W12 8JN
292,000
15/02/2011
78, Stowe Road, W12 8BW
340,000
14/02/2011
35, Aylmer Road, W12 9LG
415,000
14/02/2011
90, Thorpebank Road, W12 0PQ
455,000
14/02/2011
25, Ingersoll Road, W12 7BE
830,500
14/02/2011
54, Ollgar Close, W12 0NG
190,000
11/02/2011
44, Ground Floor Flat, Askew Crescent, W12 9DP
215,000
11/02/2011
55, B5, Boscombe Road, W12 9HT
192,000
11/02/2011
23, Vespan Road, W12 9QG
622,000
11/02/2011
4, Ashchurch Park Villas, W12 9SP
1,715,000
11/02/2011
54, Davisville Road, W12 9SJ
1,000,000
11/02/2011
159, Wulfstan Street, W12 0AB
281,000
08/02/2011
97b, Willow Vale, W12 0PA
461,000
07/02/2011
18, Flat 2, Lime Grove, W12 8EA
315,000
04/02/2011
50, Flat 4, Woodstock Grove, W12 8LG
285,000
04/02/2011
70, Galloway Road, W12 0PJ
450,000
04/02/2011
67, Macfarlane Road, W12 7JY
720,000
04/02/2011
34, Wendell Road, W12 9RS
660,000
04/02/2011
412, Flat 3, Uxbridge Road, W12 0NR
315,000
03/02/2011
136, Cobbold Road, W12 9LL
460,000
03/02/2011
16a, Godolphin Road, W12 8JE
389,950
02/02/2011
Hanover Court, Flat 17, Uxbridge Road, W12 9EP
265,000
01/02/2011

 

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Source: Land Registry

October 12, 2011