Shepherd's Bush Property Prices Mark Time

Little movement in terms of values for flats and houses in W12

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Property in Shepherd's Bush

Price of Flats in Shepherd's Bush Rises by Almost 10%

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The average property price in Shepherd's Bush dipped slightly in the third quarter of 2016 down by 2% on the same period last year. The levels now stands at £680,059.

The fall has more to do with a change of the mix in properties sold than a general decline in prices. Both flat prices and terraced house prices have risen over the last twelve months but because a larger proportion of the former are being sold the average has declined.

Property in Shepherd's Bush

The Land Registry’s House Price Index is showing that the average price of a home sold in London in August was £488,908 which is up 12.1% over the same month last year. For the UK as a whole the index shows and average price of £218,964 up by 8.4% compared to the previous year.

The short term indications for the market appear to be positive. Mortgage approvals for house purchases rose to a three-month high in September according to the Bank of England, and RICS, the surveyors’ industry group, have reported that buyer inquiries were the highest since February. They say this indicates that market activity is recovering after a quieter period earlier in the year due to uncertainty over the referendum.

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

Shepherd's Bush Property Prices (July - September 2016)
Area Semi-detached Sales Terraced Sales Flat/
mais
Sales Overall Ave Overall Sales
W12 0 665000 1 766073 13 592700 3 729532 17
W12 7 0 0 1120200 5 478235 17 624136 22
W12 8 0 0 1323333 3 556679 19 661223 22
W12 9 1537500 2 1078571 7 519152 23 705172 32
Total 1246667 3 967141 28 522992 62 680059 93
Change over quarter -15.9% -66.7% -14.3% -6.7% -2.3% -47.9% -3.1% -41.1%
Change over year -37.6% 0.0% 10.3% -26.3% 7.0% -16.2% -2.0% -20.5%
Change over three years 28.3% -57.1% 14.1% -15.2% 43.9% -33.3% 31.9% -30.1%
Change over five years 27.5% -50.0% 27.0% 0.0% 76.0% 24.0% 35.8% 10.7%
Change over ten years 131.9% -57.1% 86.4% -41.7% 112.3% -58.9% 112.7% -54.9%

 

 


Source: Land Registry

May 16, 2017

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