Shepherd's Bush Property Sales - September 2011
Local house prices remain below peak levels
The average price of residential properties sold in September in the W12 post code area was £455,983. This is in line with the third quarter of the year as a whole which saw a fall from the peak level of over £500,000 during the Summer.
Only 35 properties were sold during the month two of which went for over a million pounds - one in Binden Road for £1,375,000 and the other in Goldhawk Road for £1,350,000.
London was 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 per cent 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.
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The latest reported sales are given in the table below.
September 2011 Property Sales in Shepherd's Bush
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Source: Land Registry
March 23, 2012