Detached House Sales Inflate Prices in W5

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Property values in the W5 and W13 areas

Latest property information from the Land Registry shows a mixed bag for the W5 and W13 areas.

Prices are up in the last quarter in W5 by 16.2% but this is a bit misleading as there have been more sales of larger houses than in the previous quarter - nine detached houses sold at an average price of over £1.2 million.

There has been a much lower number of flats sold in the area. Indeed on a like for like basis in W5 flats and terrace house sales are actually down compared with last quarter.

In W13 volumes are very low - down by 30% compared with last year and prices down by 7%.

The June data from Land Registry's flagship House Price Index shows an annual price decrease of -2.5 per cent which takes the average property value in England and Wales to £161,479.

The monthly change from May to June is 0.0 per cent.

London is the only region in England and Wales to have experienced an increase in its average property value over the last 12 months with a movement of 0.8%. Over the same period property prices in the North East were down by 7.1%. This brings the average price in London to £339,480 compare to £161,479 in England and Wales as a whole.

In a forthcoming edition of the Ealingtoday.co,uk newsletter there will be a complete listing of recent property sales in the area.

To register to receive it click here.

Ealing Property Prices - April - June 2011

W5 Post Code Area

Area	Detached	Sales	Semi-Det	Sales	Terrace	Sales	Flat/ Mais	Sales	Total Ave.	Total Sales
W5 1	0	0	748000	5	490045	10	255060	10	447642	25
W5 2	1311000	3	0	0	0	0	363037	12	552630	15
W5 3	1401666	3	740000	4	0	0	284404	16	509368	23
W5 4	0	0	0	0	451519	13	262844	10	369486	23
W5 5	943333	3	885500	4	504375	4	365243	8	595339	19
Total	1218666	9	787846	13	473618	27	303712	56	485767	105
Change in Quarter	-	-	13.7%	62.5%	-2.0%	12.5%	-3.8%	-28.2%	28.0%	-4.5%
Change in year	9.1%	12.5%	32.3%	-27.8%	4.1%	-6.9%	10.2%	-18.8%	16.2%	-15.3%
Change in three years	-	-	12.1%	44.4%	-3.9%	-12.9%	6.7%	-5.1%	25.2%	6.1%

 

W13 Post Code Area

Area	Semi-Det	Sales	Terraced	Sales	Flat/ Mais	Sales	Total Averages	Total Sales
W13 0	533333	3	323700	5	210490	5	328535	13
W13 8	550250	4	561875	4	225097	10	372193	18
W13 9	0	0	469629	24	251868	8	415189	32
Total	543000	7	458700	33	231233	23	385023	63
Change in Quarter	-27.7%	16.7%	0.5%	13.8%	-4.0%	-48.9%	7.7%	-21.3%
Change in Year	-9.7%	-68.2%	0.6%	-2.9%	-8.4%	-32.4%	-7.1%	-30.0%
Change in Three Years	1.6%	-63.2%	8.1%	13.8%	-10.2%	-43.9%	3.8%	-29.2%

 

Data in this report is subject to crown copyright protection.

 

August 22 2011