Shepherd's Bush House Prices Fall

Average sale price down from previous peak

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After reaching record levels in earlier months the average sale price of a property in W12 has fallen according to the latest official figures from the Land Registry.

The fourth quarter of 2010 saw the average price for the area fall to £426,400, down by 13% - almost £65,000 - from the previous quarter. This was mainly due to a reduction in the number of sales of larger semi-detached properties and terraced houses.

The fall during the quarter brings prices down from the record levels seen earlier in the year, when the average price soared to £490,388, to more or less the same level they were 12 months ago.

Flat prices were steady over the quarter and have managed to rise by 6.4% compared with a year ago.

Of particular concern to agents will be the fall in the number of transactions. Although levels haven't quite sunk to the numbers seen in 2009 the number of sales is down by 17.1% compared to the previous year.

London as a whole remains by far and away the strongest area in the country in price terms with home values rising by 6.2% in December compared to the same month in 2009. The average London property now costs £342,325.

For England and Wales as a whole property prices rose by 1.5% with many areas of the north seeing falling values over the year. The average home price in the U.K. is now £163,814.

 

Shepherd's Bush Property Prices - October - December 2010

Area Semi-Det Sales Terraced Sales Flat/Mais Sales Total Averages Total Sales
W12 0 0 0 427863 11 236250 6 360235 17
W12 7 0 0 511166 3 272000 11 323250 14
W12 8 0 0 642390 5 354059 16 422709 21
W12 9 890833 3 641428 14 328775 18 502013 35
Total 890833 3 558543 33 313576 51 426400 87
Change over quarter -24.0% -40.0% -10.5% -25.0% -0.4% -3.8% -13.0% -14.7%
Change over year -38.0% -40.0% 2.3% 0.0% 6.4% -23.9% -0.4% -17.1%

 

Shepherd's Bush Property Prices - July - September 2010

Area Semi-Det Sales Terraced Sales Flat/Mais Sales Total Averages Total Sales
W12 0 0 0 424123 15 306666 3 404547 18
W12 7 0 0 677714 7 264809 11 425383 18
W12 8 0 0 790000 5 356194 19 446570 24
W12 9 1172800 5 729780 17 304645 20 580075 42
Total 1172800 5 624139 44 314971 53 490388 102
Change over quarter -2.8% -16.7% 5.0% 51.7% -2.8% -11.7% 6.1% 7.4%
Change over year 63.1% -28.6% 14.9% 22.2% 6.0% 0.0% 16.7% 6.3%

Source: Land Registry

March 18, 2011