Prospect House Becomes Chiswick's Second Most Expensive


Strand on the Green property goes for over £6 million

Big money buyers have been coming to the Chiswick property recently, leading one local agent to say there has been a "renaissance" in the market above the £3 million mark. There have been three sales since around the end of March and beginning of April which rank amongst the top ten most expensive of all time in W4.

Prospect House on Strand on the Green (pictured on right) became the second most expensive property in Chiswick selling for £6,675,000. Dating to circa 1812 when the land was acquired by master builder Thomas Cubitt, the house has been listed by English Heritage (Grade II) as a property of historic interest.

Sold to a professional couple by Savills, the stunning Georgian architecture makes the most of its setting, with 10 windows spanning 70 feet of riverbank and facing southwest across the river.

Just a few days before this sale a house on Bedford Road in Bedford Park became the sixth dearest home in W4 costing its new owners £4,350,000 and a few days later Eyot Cottage on Chiswick Mall went for £4,000,000 - the ninth highest price ever in the area.

Christopher Bramwell of Savills said the market above £3,000,000 was seeing "something of a renaissance" as landmark instructions attracted significant interest from buyers, either local up-sizers or international buyers taking advantage of the price differential from the sale of their central London properties.

"Most of the people looking to live here are coming from Notting Hill or Holland Park and other more central locations. As these areas become increasingly popular with foreign buyers, we are seeing a trickle effect in these people now coming out West to Chiswick. We have just been instructed to market an elegant detached Grade II listed family house on a grand corner plot, among the finest in Bedford Park, with a guide price of £4,750,000.  At the other end of the scale, we have commenced the marketing of 5 superb new build apartments near Gunnersbury ranging from £350,000 for a one bedroom flat to £495,000 for a three bedroom apartment."

Chiswick Top Ten All-Time Property Sales
Address
Price (£)
Date
Walpole House, Chiswick Mall, W4 2PS
12,500,000
30/05/2008
Prospect House, 71 Strand On The Green, W4 3PF
6,675,000
02/04/2013
Strawberry House, Chiswick Mall, W4 2PS
5,500,000
10/03/2010
1 South Parade, W4 1JU
5,300,000
05/11/2012
56 Woodstock Road, W4 1EQ
4,450,000
19/08/2011
15 Bedford Road, W4 1JD
4,350,000
27/03/2013
61 Barrowgate Road, W4 4QT
4,300,000
07/12/2011
1 Riverside Lodge, 30 Chiswick Mall, W4 2AZ
4,175,000
27/09/2012
Eyot Cottage, Chiswick Mall, W4 2PN
4,000,000
12/04/2013
31 Barrowgate Road, W4 4QX
3,850,000
01/07/2010

The April data from Land Registry's House Price Index shows that London remains the best performing property market in England and Wales. The average price of a home in the capital rose by 6.2% over the year to £375,795.

For the country as a whole prices only rose by 0.7% which takes the average property value in England and Wales to £161,458.

The most up-to-date figures available show that during February 2013, the number of completed house sales in England and Wales decreased by 3 per cent to 43,573 compared with 44,829 in February 2012.The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3 per cent to 488 from 475 in February 2012. London has seen a fall in repossessions which were down by 29% to 117 in February 2013 compared with the same month in 2012.

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April 2013 Property Sales in Chiswick

Deed Date Address Price (£)
30/04/2013 60 Chiswick Village W4 3BZ
250,000
30/04/2013 5, Heathfield Court, Heathfield Terrace W4 4LP
375,000
30/04/2013 23 Arlington Gardens W4 4EZ
395,000
30/04/2013 15 Alkerden Road W4 2HP
815,000
30/04/2013 8 Greenend Road W4 1AJ
850,000
30/04/2013 33 Upham Park Road W4 1PQ
1,000,000
26/04/2013 Flat 15, Flanders Mansions, Flanders Road W4 1NE
575,000
26/04/2013 Flat 3, The Green Apartments 374a, Chiswick High Road W4 5TA
595,000
26/04/2013 25 Riverview Grove W4 3QL
807,000
26/04/2013 185 St. Albans Avenue W4 5JT
810,000
26/04/2013 12 Eyot Green W4 2PT
1,050,000
26/04/2013 56 Thornton Avenue W4 1QQ
1,150,000
26/04/2013 28 Queen Annes Grove W4 1HN
2,900,000
24/04/2013 Flat 10, The Gatehouse, Hogarth Lane W4 2QN
500,000
23/04/2013 23 Staveley Gardens W4 2SA
549,950
19/04/2013 Flat 62, Dewsbury Court 44-66, Chiswick Road W4 5RA
220,000
19/04/2013 44, Beaumont Court, Sutton Lane North W4 4LE
321,000
19/04/2013 6 Old Timber Court, Acton Lane W4 5JQ
325,000
19/04/2013 69 Thorney Hedge Road W4 5SB
755,000
15/04/2013 53 Grove Park Road W4 3RU
475,000
15/04/2013 40 Seymour Road W4 5ES
699,950
12/04/2013 34 Chiswick Village W4 3BY
275,000
12/04/2013 Flat 44, Homecross House, 21 Fishers Lane W4 1YA
330,000
12/04/2013 19 Short Road W4 2QU
491,000
12/04/2013 29 Bridgman Road W4 5BA
710,000
12/04/2013 10 Pyrmont Road W4 3NR
740,000
12/04/2013 4 Waldeck Road W4 3NP
759,950
12/04/2013 7 Corney Reach Way W4 2TY
825,000
12/04/2013 38 Antrobus Road W4 5HZ
830,000
12/04/2013 24 Speldhurst Road W4 1BU
850,000
12/04/2013 Eyot Cottage, Chiswick Mall W4 2PN
4,000,000
11/04/2013 34 Riverview Grove W4 3QJ
710,000
08/04/2013 Flat 1, 28 Saville Road W4 5HG
360,000
08/04/2013 38c Grove Park Gardens W4 3RZ
865,000
08/04/2013 1c Kingscote Road W4 5LJ
970,000
05/04/2013 34 Woodstock Road W4 1UF
425,000
05/04/2013 Flat 3, 33 Grove Park Gardens W4 3RY
450,000
05/04/2013 Flat 1, 208 Acton Lane W4 5DL
485,000
05/04/2013 102 Wellesley Road W4 3AP
500,000
05/04/2013 144 Rusthall Avenue W4 1BS
1,124,500
04/04/2013 9 Pumping Station Road W4 2SN
835,000
04/04/2013 59 Stile Hall Gardens W4 3BT
930,000
03/04/2013 31 Brackley Road W4 2HW
899,950
02/04/2013 2 Ashbourne Grove W4 2JH
540,000
02/04/2013 21 Netheravon Road W4 2NA
1,475,000
02/04/2013 71 Strand On The Green W4 3PF
6,675,000


* Some properties excluded from this table at owners' request

Property sales in March 2013

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Source: Land Registry

September 17, 2013