New Record Set for House Price in W12

Home in Hartswood Road becomes first to exceed three million

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A new record has been set for the price paid for a home in Shepherd's Bush. A house on Hartswood Road has become the first residential property in the W12 post code area to change hands for over three million at £3,202,000.

Record breaking property on Hartswood Road

Four of the five highest prices paid in the area are now on Hartswood Road. A few weeks before the record breakinge another house on the road sold for just under the three million mark.

Overall prices in the area seem to have surged to new highs. In the second half of the year 61 sales have been reported to the Land Registry so far at an average price of £758,832. This is way above previous levels and may be partly due to a larger proportion of houses compared to flats being sold recently but it seems highly likely that when the third quarter prices are published they will show local property prices to be at a new peak.

There are indications that this precipitous price rise may becoming to an end. A survey by the Royal Institution of Chartered Surveyors (RICS) on sentiment in the property market suggests that London prices started to fall in September for the first time in three years. This is based on a survey of their members rather than reported sales prices form the Land Registry.

The expectation amongst surveyors for the coming three months in London is that prices will fall further but that they will regain lost ground over the coming year.

A growing sense of caution seems to be indicated by a continued contraction in buyer demand. The RICS survey showed that it contracted in London for the fifth month in a row.

Simon Aldous MRICS, of Savills, said, "We do think there is uncertainty due to the forthcoming General Election and the changes that may arise to Mansion Tax, Annual Tax on Enveloped Dwellings, Capital Gains Tax, Stamp Duty. Changes to mortgage lending/regulation has softened the market in Prime South West London. "

The average price in London during the month of July was £457,072 which is up by 19.3% compared with the same month in 2013. For England and Wales as a whole the average is now £175,653 compared with the peak of £181,442 in November 2007 up by 7.2%.

The most up-to-date figures available show that during May 2014 the number of completed house sales in England & Wales increased by 10 per cent to 72,900 compared with 66,325 in May 2013.

The number of properties sold in England and Wales for over £1 million in May 2014 increased by 32 per cent to 1,032 from 779 in May 2013.

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The latest reported sales are given in the table below:

Property Sales in Shepherd's Bush (July-August 2014)
Date Address Price (£)
28-Aug-14 128 Askew Road, W12 9BL
315,000
20-Aug-14 Flat 6, Seymour Mansions, Boscombe Road, W12 9HR
359,950
20-Aug-14 First Floor Flat, 101 Coningham Road, W12 8BU
500,000
13-Aug-14 Flat 62, Blaxland House, White City Estate, W12 7NH
277,000
12-Aug-14 26a Lime Grove, W12 8EA
541,000
12-Aug-14 First Floor Flat, 8 Stowe Road, W12 8BN
460,550
08-Aug-14 8a Sterne Street, W12 8AD
1,220,101
08-Aug-14 30 Westville Road, W12 9BD
1,398,513
08-Aug-14 70b Uxbridge Road, W12 8LP
795,000
07-Aug-14 4 Jeddo Road, W12 9EQ
525,000
07-Aug-14 95 Wendell Road, W12 9SB
1,500,000
06-Aug-14 6 Bloemfontein Avenue, W12 7BL
1,250,000
05-Aug-14 160 Emlyn Road, W12 9TB
610,000
01-Aug-14 72 Oaklands Grove, W12 0JB
540,000
01-Aug-14 44 Godolphin Road, W12 8JF
720,000
01-Aug-14 44a Askew Crescent, W12 9DP
415,550
01-Aug-14 Flat 40, Holst House, Du Cane Road, W12 0EB
400,000
28-Jul-14 62 Galloway Road, W12 0PJ
800,000
28-Jul-14 35 Mayfield Road, W12 9LT
215,000
28-Jul-14 13b Goodwin Road, W12 9JN
366,000
25-Jul-14 60 Sundew Avenue, W12 0RR
359,000
25-Jul-14 40 Loftus Road, W12 7EN
485,000
25-Jul-14 62 Aylmer Road, W12 9LQ
560,000
25-Jul-14 19 Hartswood Road, W12 9NE
3,202,000
25-Jul-14 27 Rylett Road, W12 9SS
2,250,000
25-Jul-14 Flat D, 4 Loftus Road, W12 7EN
425,000
25-Jul-14 Flat 3, 99 Devonport Road, W12 8PB
575,000
24-Jul-14 Flat 20, Durban House, White City Estate, W12 7PU
450,000
23-Jul-14 Ground Floor Flat, 9 Loftus Road, W12 7EH
455,500
22-Jul-14 30 Braybrook Street, W12 0AP
403,000
22-Jul-14 99 Coningham Road, W12 8BU
437,500
21-Jul-14 73 Batman Close, White City Estate, W12 7NX
445,000
21-Jul-14 50 Stowe Road, W12 8BW
450,000
18-Jul-14 38 Arminger Road, W12 7BB
530,000
18-Jul-14 72 Stanlake Road, W12 7HL
280,000
18-Jul-14 16a Godolphin Road, W12 8JE
655,000
18-Jul-14 Flat 17, Askew Mansions, Askew Road, W12 9DA
595,000
17-Jul-14 16 Joslings Close, W12 7DF
70,000
16-Jul-14 139 Bentworth Road, W12 7AB
420,000
16-Jul-14 40 Hadyn Park Road, W12 9AG
1,375,000
16-Jul-14 Flat 3, 58 Pennard Road, W12 8DS
250,000
15-Jul-14 30 Coverdale Road, W12 8JL
1,760,000
15-Jul-14 Flat 3, 58 Macfarlane Road, W12 7JZ
515,000
14-Jul-14 53 Thorpebank Road, W12 0PG
750,000
14-Jul-14 28a Sterne Street, W12 8AD
755,000
14-Jul-14 26 Richmond Way, W12 8LY
1,755,000
14-Jul-14 53 Bassein Park Road, W12 9RW
1,780,000
09-Jul-14 23 Roxwell Road, W12 9QE
1,075,000
08-Jul-14 27 Mayfield Road, W12 9LT
335,000
07-Jul-14 41 Galloway Road, W12 0PH
769,000
07-Jul-14 Flat 15, Bentinck House, White City Estate, W12 7AR
300,000
07-Jul-14 Flat 20, Ellenborough House, White City Estate, W12 7NA
300,000
07-Jul-14 Flat 29, Carteret House, White City Estate, W12 7QA
368,000
07-Jul-14 81 Vespan Road, W12 9QG
1,126,000
04-Jul-14 74 Thorpebank Road, W12 0PQ
745,600
04-Jul-14 4 Primula Street, W12 0RE
455,000
04-Jul-14 39 Bloemfontein Road, W12 7BH
999,999
04-Jul-14 Flat 3, 4 Clifton Avenue, W12 9DR
565,000
03-Jul-14 23b Stowe Road, W12 8BQ
327,000
03-Jul-14 Flat 30, Apex Court, 1 Woodger Road, W12 8NW
800,000
01-Jul-14 62 Hartswood Road, W12 9NF
2,927,500

 

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Source: Land Registry

 

October 9, 2014