Million Pound Properties on the Increase in W12

But Bush also has bargain buys for first time buyers

Related Links

Property in Greenside Road Shepherds Bush
Two bedroom architect designed house in Greenside Road available through

Marsh and Parson's

Northfields Estates

More Local Estate Agents

Property in Shepherd's Bush For Sale

Property in Shepherd's Bush To Rent

Latest Property Report for Shepherd's Bush

Previous Sales in Shepherd's Bush

Participate

Discuss this story on the Forum

Register for the Shepherd's Bush Newsletter to get regular property updates

The average price of residential properties sold so far in the second half of 2011 in Shepherd's Bush is £468,376.

This appears to show a fall from the second quarter of the year when the average peaked at over £500,000.

However, a closer look at the 55 home sales reveals this drop average may have more to do with the relatively small number of larger houses being sold during the period than a general decline in prices.

Since the end of June, only two have changed hands for over £1,000,000. A home in Flanchford Road was the most expensive, selling for £1,350,000, while a second property in Binden Road in Wendell Park achieved £1,265,000.

This is in contrast to the general picture in our borough, with a new survey from Lloyds TSB revealing that Hammersmith and Fulham had the third highest total of million pound home sales in the country with 198 sold during the first half of the year.

However, as we get closer to the end of the year, Shepherd's Bush seems to be catching up with neighbouring Hammersmith and Fulham, which according to the same survey had the postcode - SW6 - with the highest total of million pound sales in the country, a total of 142.

Website Prime Location currently lists no fewer than 24 properties for sale in Shepherd's Bush above the million mark, including a five bedroom house in Hartswood Road priced £3,500,000 and a unique two bedroom architect designed property in Greenside Road selling for £1,650,000.

At the other end of the market, the figures from the Land Registry contain good news for first time buyers. With four flats priced under £200,000 and another six under £250,000 Shepherd's Bush is still one of the best areas in West London to kake a first step onto the property ladder.

This is still the case in November, with a choice of over 20 flats available in the area with price tags below £200,000.

London is the only region in England and Wales to experience an increase in its average property value over the last 12 months, 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% between June 2010 and June 2011, from 644 to 465.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

If you want to receive regular updates on the Shepherd's Bush property market with informed comment from the best local agents sign up for our e-mail newsletter by clicking here.

Properties for sale in the Shepherd's Bush area are listed on our site and can be accessed by clicking here.

The latest reported sales are given in the table below.

July/August 2011 Property Sales in Shepherd's Bush

Address Price (£) Date
41c, Stanlake Road, W12 7HG
330,000
22/08/2011
42, Mayfield Road, W12 9LU
142,000
19/08/2011
12a, Woodstock Grove, W12 8LE
400,000
17/08/2011
12, Hadyn Park Road, W12 9AG
806,000
17/08/2011
6, Binden Road, W12 9RJ
1,265,000
15/08/2011
94, Galloway Road, W12 0PJ
525,000
12/08/2011
27, Frithville Gardens, W12 7JG
914,000
11/08/2011
5, Cobbold Road, W12 9LA
465,000
09/08/2011
67, Ground Floor Flat, Coningham Road, W12 8BS
286,000
05/08/2011
79, Flat 4, Coningham Road, W12 8BS
390,000
05/08/2011
128, Wulfstan Street, W12 0AD
395,000
05/08/2011
114, Galloway Road, W12 0PJ
400,000
05/08/2011
18, Aldine Street, W12 8AN
510,000
04/08/2011
68, Flat B, Devonport Road, W12 8NU
270,000
04/08/2011
24, Flat A, St Stephens Avenue, W12 8JH
400,000
02/08/2011
16, Lower And Ground Floor Flat, St Stephens Avenue, W12 8JH
735,000
02/08/2011
12, Laurence Mews, W12 9AT
715,000
02/08/2011
83c, Vespan Road, W12 9QG
195,000
01/08/2011
14, 1, St Stephens Avenue, W12 8JH
262,000
29/07/2011
22a, St Stephens Avenue, W12 8JH
365,000
29/07/2011
10, Osmund Street, W12 0AX
290,000
29/07/2011
138, Ground Floor Maisonette, Emlyn Road, W12 9TB
378,000
29/07/2011
Cobble Corner, 6, Laurence Mews, W12 9AT
570,000
29/07/2011
Ariel Court, Flat 8, Goldhawk Road, W12 9PH
240,000
27/07/2011
10, Sedgeford Road, W12 0ND
850,000
27/07/2011
Shackleton Court, Flat 31, Scotts Road, W12 8HQ
240,000
26/07/2011
Linden Court, Flat 28, Frithville Gardens, W12 7JJ
230,000
25/07/2011
45, Flat B, St Stephens Avenue, W12 8JB
296,000
22/07/2011
18, Flat 4, Lime Grove, W12 8EA
320,000
22/07/2011
58, Ground Floor Flat, Aylmer Road, W12 9LQ
385,000
22/07/2011
18, Aylmer Road, W12 9LQ
388,500
22/07/2011
54, Second Floor Flat, Coningham Road, W12 8BH
244,000
19/07/2011
5, Foxglove Street, W12 0QD
352,000
19/07/2011
6, Hemlock Road, W12 0QR
318,000
18/07/2011
149, Westway, W12 0SD
300,000
17/07/2011
Woodford Court, 33, Flat 75, Shepherds Bush Green, W12 8QZ
154,000
15/07/2011
83b, Vespan Road, W12 9QG
421,500
15/07/2011
11, Ingersoll Road, W12 7BE
818,000
15/07/2011
130, Cobbold Road, W12 9LL
360,000
15/07/2011
96, Cobbold Road, W12 9LL
500,000
15/07/2011
60, Emlyn Road, W12 9TD
850,000
15/07/2011
24, Vespan Road, W12 9QQ
270,000
13/07/2011
12, Stronsa Road, W12 9LB
485,000
11/07/2011
23, Davisville Road, W12 9SH
805,000
11/07/2011
44, Second Floor Flat, Godolphin Road, W12 8JF
430,000
08/07/2011
31, Clematis Street, W12 0QG
365,000
08/07/2011
19, Daffodil Street, W12 0TG
351,330
08/07/2011
88, Devonport Road, W12 8NU
138,335
07/07/2011
67, Wendell Road, W12 9SB
875,000
04/07/2011
122, Flat 6, Uxbridge Road, W12 8AA
200,000
01/07/2011
14, 2, St Stephens Avenue, W12 8JH
250,000
01/07/2011
85b, Uxbridge Road, W12 8NR
295,000
01/07/2011
37, Aldbourne Road, W12 0LW
900,000
01/07/2011
4, Roxwell Road, W12 9QF
771,000
01/07/2011
38, Flanchford Road, W12 9ND
1,350,000
01/07/2011

 

If you are a member of this site and don't want details of a property that you have bought or sold displayed here just let us know and we will remove it.

Source: Land Registry

November 4, 2011