Ealing Property Sales - October 2010

---

Million pound houses boost average price in W13

The average price of property in W5 since the end of the third quarter of 2010 is £446,456 according to the latest figures from the Land Registry. This is marginally down from previous levels. Prices in the area are now below the levels of three years ago.

W13 seems to be doing a bit better with an average price of £467,715 over the same period when 37 properties were sold. However, this includes the sale of two houses for over £1,000,000 (on the Avenue and Carew Road). Excluding these two transactions the W13 average is £411,584 down slightly from the previous quarter.

Gary Sinton of local estate agents Sinton Andrews says imminent stamp duty changes may have an impact on the market:

'' I envisage that the increase in stamp duty effective on £1m+ properties from April will possible have a short term effect on that market but the general shortage of quality homes for sale will soon negate the effect.''

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.

Andrew Nunn of Andrew Nunn & Associates said, "The 2010 market witnessed some very healthy prices being achieved due to a scarcity of supply. This became more severe as the year developed with potential sellers failing to find suitable alternative property. Demand surpassed expectation with domestic buyers benefiting from the recovery of the London financial sector and overseas buyers benefiting from exchange rates and uncertain home economies.

"Prime property is selling for record prices whilst secondary and tertiary property is more price sensitive. Should interest rates rise by the middle of 2011, a likely scenario given current and future inflationary pressure, then more supply will inevitably come to the market. Once buyers see they have choice then the market will calm down and we will see single figure price appreciation. The message is clear should you be thinking of selling in 2011 then take well informed advice early in the year and do not be suckered in to "the highest price" - it may work against you and remember the sentiment in any market can change very quickly"

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."

Properties Sold in the W5 Area in October 2010

Address	Price (£)	Deed Date
15, Woodfield Crescent, W5 1PD	499,950	29/10/2010
9, Venetia Road, W5 4JD	499,950	29/10/2010
6, Queens Road, W5 2SA	1,450,000	29/10/2010
56, Ashbourne Road, W5 3DJ	800,000	29/10/2010
4, Wellington Road, W5 4UH	640,000	29/10/2010
46, Lammas Park Road, W5 5JB	840,000	29/10/2010
6, Richmond Road, W5 5NS	210,000	28/10/2010
10, Beech Gardens, W5 4AJ	315,000	28/10/2010
38, Little Ealing Lane, W5 4EA	295,000	26/10/2010
109, Connell Crescent, W5 3BJ	195,000	26/10/2010
21, Flat 1, Mattock Lane, W5 5BH	800,000	22/10/2010
167, Darwin Road, W5 4BB	435,000	22/10/2010
62, Boileau Road, W5 3AJ	675,000	22/10/2010
56, Baronsmede, W5 4LT	925,000	21/10/2010
33, Western Gardens, W5 3RS	810,000	20/10/2010
Cavalier House, 46 - 50, Flat 809, Uxbridge Road, W5 2SU	495,000	20/10/2010
Windmill Court, Flat 17, Windmill Road, W5 4DN	230,000	15/10/2010
7, Devonshire Road, W5 4TR	525,000	15/10/2010
20, Webster Gardens, W5 5ND	273,000	15/10/2010
17, Flat 7, Freeland Road, W5 3HR	322,000	15/10/2010
32, Woodfield Crescent, W5 1PD	450,000	14/10/2010
50, Kenilworth Road, W5 3UH	495,000	11/10/2010
210, Pitshanger Lane, W5 1QG	585,000	08/10/2010
4, Garden Flat, Hamilton Road, W5 2EQ	330,000	08/10/2010
48a, Bramley Road, W5 4SS	265,000	08/10/2010
28, Flat 2, Park Hill, W5 2JN	575,000	08/10/2010
10, Clarendon Road, W5 1AB	565,000	07/10/2010
73a, Grange Road, W5 5BU	390,000	04/10/2010
10, Venetia Road, W5 4JD	435,000	04/10/2010
26, Flat 1, Oxford Road, W5 3ST	255,000	01/10/2010
36, Haven Lane, W5 2HN	540,000	01/10/2010
20, Ealing Village, W5 2LY	267,500	01/10/2010
Cavalier House, 46 - 50, Flat 710, Uxbridge Road, W5 2SU	370,000	01/10/2010
15, Overdale Road, W5 4TU	492,450	01/10/2010

Properties Sold in the W13 Area in October 2010

Address	Price (£)	Deed Date
16, Flat 5, Sutherland Road, W13 0DT	310,000	29/10/2010
6, Chelsea Gardens, W13 0DS	625,000	29/10/2010
34, Northcroft Road, W13 9SX	499,950	27/10/2010
53, Haslemere Avenue, W13 9UH	622,500	27/10/2010
33, Courtfield Gardens, W13 0EY	750,000	27/10/2010
44, Drayton Avenue, W13 0LF	340,000	26/10/2010
99, Highview Road, W13 0HL	468,000	25/10/2010
85, Burnham Way, W13 9YB	465,000	22/10/2010
59, Mattock Lane, W13 9LA	740,000	22/10/2010
118, Cleveland Road, W13 0EL	520,000	21/10/2010
60, The Avenue, W13 8LS	450,000	20/10/2010
82, Hessel Road, W13 9ET	387,500	18/10/2010
88, Flat 2, Felix Road, W13 0NU	230,000	15/10/2010
39, Bellevue Road, W13 8DF	499,950	15/10/2010
28, The Cedars, W13 8JF	335,000	15/10/2010
23, Dane Road, W13 9AQ	578,000	15/10/2010
2, Sydney Road, W13 9EY	475,000	15/10/2010
26a, Ravensbourne Gardens, W13 8EW	177,000	15/10/2010
13, Altenburg Avenue, W13 9RN	480,000	08/10/2010
33, Broomfield Road, W13 9AP	395,000	08/10/2010
28, Broughton Road, W13 8QW	268,000	08/10/2010
Tudor Court, 4, Amherst Road, W13 8NE	300,050	08/10/2010
31, Adelaide Road, W13 9ED	383,000	08/10/2010
21, Green Avenue, W13 9RW	365,000	06/10/2010
68, Adelaide Road, W13 9EB	455,000	04/10/2010
4, Crossway, W13 0AX	425,000	01/10/2010
13, Broomfield Road, W13 9AP	412,500	01/10/2010
Broughton Court, 55, Broughton Road, W13 8QN	286,000	01/10/2010
1, Carew Road, W13 9QL	1,400,000	01/10/2010

 

Source: Land Registry

Data in this report is subject to crown copyright protection.

12 April 2011