Hammersmith Property Prices - October 2010
Two million pound plus properties drive the market up
The latest figures on Hammersmith property sales suggest the market has remained strong during the Autumn.
Since the end of the third quarter of 2010 sale prices have averaged £648,596, which is a significant increase on the previous three months.
However, the higher average is being driven by transactions at the top end of the market including three homes that sold for over £2,000,000 - in St Peter's Square, Beauclerc Road and Stamford Brook Avenue. Without these sales, the average is similar to the previous period.
At the other end of the market, just two flats, in Hamlet Gardens and Rainville Court in Rainville Road, changed hands at under £200,000, though five were sold for under £250,000, making Hammersmith still relatively affordable for first time buyers.
Local agents remain positive about the property outlook in 2011. Alex Maile, MD of Lawson Rutter says: " The local property market has shown remarkable resilience and following a pretty busy start to the year it seems this is set to continue.
" We’re still seeing great appetite from people who want to move and once you put that against a couple of positive indicators, namely mortgage applications in London almost doubled last year and first time buyer affordability was at a 12 year high you can really only see the market going one way on the back of renewed confidence."
John Horton of Horton & Garton in King Street is slightly more cautious, warning that prices could be 'choppy' in months ahead. He says: " A stable and even 2011 would be a sound 2011.
"I feel that all estate agents should be realistic and not too pessimistic."
And looking at his local area, he adds: " Brackenbury Village, Ravenscourt Park, Stamford Brook and Wendell Park will remain popular for local buyers."
According to the Land Registry, London property prices are up by 6.8% in November compared to last year. This is the slowest annual rise in 2010 but remains the highest level in the country.
This brings the average property price to £341,009, in comparison to the figure for England and Wales, which is £164,773.
For the country as a whole November's data shows a fall of 0.6%. This is the third consecutive month in which prices have fallen. The annual house price growth rate has continued to decline for the sixth month in a row, with an increase of 2.2%. This is the smallest growth seen in 12 months.
Nationwide's House Price index for December which is based on offer prices rather than actual sales like the Land Registry did show an increase.
Martin Gahbauer, Nationwide's Chief Economist, said: "When house prices are trending down only modestly rather than decisively – as has been the case in recent months – it is not unusual to a see a mixed pattern of monthly declines and occasional increases."
He added: " London and the South East saw particularly large price gains during this period (2010), as the scarcity of property was most acute in these regions. London will also have benefited from the strong recovery in the financial sector, which is an important driver of buyer confidence and housing demand in the capital."
The latest reported sales are given in the table below. The numbers are subject to revision as is it usual that some properties are added late to the Land Registry's database
Property Sales in Hammersmith - October 2010
| Address | Price | Date |
|---|---|---|
| 8, Chancellors Street, W6 9RN | 710,000 |
29/10/2010 |
| 14, Flat 2, Verbena Gardens, W6 9TP | 215,000 |
29/10/2010 |
| 9, Beauclerc Road, W6 0NR | 2,256,000 |
29/10/2010 |
| 20, Aspenlea Road, W6 8LJ | 415,000 |
29/10/2010 |
| 76, Bradmore Park Road, W6 0DT | 795,000 |
28/10/2010 |
| 60, Ground Floor Flat, Biscay Road, W6 8JN | 225,000 |
28/10/2010 |
| 40, Sulgrave Gardens, W6 7RA | 282,000 |
28/10/2010 |
| Kings Court, Flat 44, Hamlet Gardens, W6 0RN | 205,000 |
27/10/2010 |
| 16, Rannoch Road, W6 9SR | 665,000 |
26/10/2010 |
| 32, Raynham Road, W6 0HY | 750,000 |
26/10/2010 |
| Latymer Court, Flat 189, Hammersmith Road, W6 7JQ | 485,000 |
25/10/2010 |
| 18, Top Floor Flat, Poplar Grove, W6 7RE | 499,950 |
23/10/2010 |
| 14, Wellesley Avenue, W6 0UP | 550,000 |
22/10/2010 |
| 11, Musard Road, W6 8NR | 770,000 |
22/10/2010 |
| 3, Flat 1, Bothwell Street, W6 8DY | 275,000 |
21/10/2010 |
| 38, Bradmore Park Road, W6 0DT | 673,000 |
19/10/2010 |
| 51, First Floor Flat, Winslow Road, W6 9SF | 360,000 |
15/10/2010 |
| The Square, Flat 42, Peabody Estate, W6 9PX | 212,500 |
15/10/2010 |
| 54, First Floor Flat, Weltje Road, W6 9LT | 405,000 |
15/10/2010 |
| 69b, Tabor Road, W6 0BN | 450,000 |
15/10/2010 |
| 12, Stamford Brook Avenue, W6 0YD | 2,150,000 |
15/10/2010 |
| 9, St Peters Grove, W6 9AY | 650,000 |
15/10/2010 |
| Rainville Court, 147, Rainville Road, W6 9HN | 380,000 |
14/10/2010 |
| 224, Flat 1, Hammersmith Grove, W6 7HG | 436,250 |
14/10/2010 |
| 76, Top Floor Flat, Biscay Road, W6 8JN | 448,000 |
13/10/2010 |
| Rainville Court, 146, Rainville Road, W6 9HN | 145,000 |
12/10/2010 |
| Blades Court, 16, Flat 2, Lower Mall, W6 9DJ | 542,500 |
12/10/2010 |
| 60, Perrers Road, W6 0EZ | 650,000 |
11/10/2010 |
| 6, Barb Mews, W6 7PA | 250,000 |
11/10/2010 |
| 66, Brackenbury Road, W6 0BD | 955,000 |
08/10/2010 |
| 9a, Rosedale Terrace, W6 0HF | 445,000 |
08/10/2010 |
| 50, Musard Road, W6 8NW | 695,000 |
08/10/2010 |
| 59, Tasso Road, W6 8LY | 800,000 |
07/10/2010 |
| 53a, Brackenbury Road, W6 0BG | 694,198 |
06/10/2010 |
| 105a, Brackenbury Road, W6 0BQ | 820,000 |
04/10/2010 |
| 39, Flat 1, Southerton Road, W6 0PH | 366,000 |
01/10/2010 |
| 99, First Floor Flat, St Dunstans Road, W6 8RE | 400,000 |
01/10/2010 |
| 2, Rowan Terrace, W6 7DZ | 825,000 |
01/10/2010 |
Source: Land Registry
May 3, 2011
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