Tiny number of transactions means misery for agents
The latest figures from the Land Registry are showing that the credit crunch is starting to have a noticeable impact on property values and volumes. Prices are down but transaction volumes have plummeted by nearly 60%
The web site Primelocation.com released figures last month claiming that sellers had increased the price of properties in the area by over 14% during January. Estate agents are looking to overseas buyers attracted by bargains presented by the weakness of sterling to provide support for the market particularly at the top end. The sale of a property in Hammersmith Terrace for over £2.5 million suggests this may not be totally wishful thinking (see table below).
The Land Registry numbers are for actual transactions rather than prices at which properties are being offered for sale so they may present a more reliable picture of the market.
The average price for a W6 property sold in the fourth quarter of last year was £452,455. This is down by 7.4% less than half the fall seen elsewhere in London and the country.
The most alarming number for estate agents is the volume figures which show that only 60 properties changed hands during the quarter. With 41 agents listed as being based in the area, significant consolidation seems likely.
The Land Registry data for January for the country as a whole shows an annual house price change of -15.1 per cent. This marks the seventeenth month in a row where the annual rate of change has fallen. This contrasts with the 21 months of uninterrupted increases in the annual rate of change between December 2005 and August 2007. Prices in London were down by 14.1% over the year.
The average property in England and Wales is currently worth £156,753 and the rate of monthly price change stands at -0.8 per cent. Sales volumes nationally have continued to decrease, with the number of sales averaging 41,014 per month in the months August to November 2008. In the same period in 2007, the average was £106,495
The numbers are subject to revision as usually some properties are added late to the Land Registry's database
Sales in Hammersmith
Address | Price | Date |
---|---|---|
10, Hammersmith Terrace, W6 9TS | £2,525,000 | 20/01/2009 |
Flat 12, 16 Blades Court, Lower Mall, W6 9DJ | £400,000 | 16/01/2009 |
First And Second Floor Flat, 4, Wingrave Road, W6 9HF | £415,000 | 13/01/2009 |
10, Silverton Road, W6 9NY | £460,000 | 08/01/2009 |
Flat 2, Digby Mansions, Hammersmith Bridge Road, W6 9DE | £294,000 | 23/12/2008 |
28, Parfrey Street, W6 9EN | £499,999 | 22/12/2008 |
18, 80 Thames Reach, Rainville Road, W6 9HS | £725,000 | 19/12/2008 |
Flat 131, Kings Court, Hamlet Gardens, W6 0RP | £165,000 | 19/12/2008 |
11, Colwith Road, W6 9EY | £490,000 | 18/12/2008 |
185, Dalling Road, W6 0ES | £625,000 | 16/12/2008 |
2, Cardross Street, W6 0DR | £415,000 | 15/12/2008 |
South Lodge, Field Road, W6 8HP | £344,000 | 15/12/2008 |
25b, Dorville Crescent, W6 0HH | £318,500 | 11/12/2008 |
Flat 3, 36, Greyhound Road, W6 8NX | £213,000 | 11/12/2008 |
21, Poplar Grove, W6 7RF | £1,300,000 | 09/12/2008 |
111, Sulgrave Road, W6 7QH | £815,000 | 09/12/2008 |
99, Claxton Grove, W6 8HB | £465,000 | 05/12/2008 |
Flat 10, P Block, Peabody Estate, W6 9QT | £190,000 | 05/12/2008 |
14, Perrers Road, W6 0EZ | £380,000 | 05/12/2008 |
54, Perrers Road, W6 0EZ | £550,000 | 03/12/2008 |
Flat 3, D Block, Peabody Estate, W6 9PW | £182,500 |
03/12/2008 |
Flat 2, 270, King Street, W6 0SP | £270,000 | 01/12/2008 |
Flat 5, J Block, Peabody Estate, W6 9QG | £163,000 | 01/12/2008 |
Flat 3, Edith House, Queen Caroline Street, W6 9EF | £330,000 | 28/11/2008 |
77, Claxton Grove, W6 8HB | £500,000 | 27/11/2008 |
Flat 3, 162, Hammersmith Grove, W6 7HE | £400,000 | 27/11/2008 |
Flat 45, Greyhound Mansions, Greyhound Road, W6 8NY | £183,000 | 26/11/2008 |
10, Rowan Road, W6 7DU | £670,000 | 26/11/2008 |
16, Ravenscourt Avenue, W6 0SL | £1,125,000 | 26/11/2008 |
15, Cambridge Grove, W6 0LA | £800,000 | 24/11/2008 |
2 Maisonette, 37, Mall Road, W6 9DG | £274,500 | 21/11/2008 |
47, Humbolt Road, W6 8QQ | £675,000 | 21/11/2008 |
First Floor Flat, 6, Margravine Gardens, W6 8RH | £300,000 | 18/11/2008 |
18, Rannoch Road, W6 9SR | £575,000 | 14/11/2008 |
23, Tabor Road, W6 0BN | £755,000 | 07/11/2008 |
145c, Sulgrave Road, W6 7PX | £372,000 | 07/11/2008 |
Flat 21, Yeldham House, Yeldham Road, W6 8JD | £190,000 | 07/11/2008 |
Flat 2, S Block, Peabody Estate, W6 9QY | £198,000 | 29/10/2008 |
Flat 10, R Block, Peabody Estate, W6 9QX | £181,500 | 29/10/2008 |
28, Larnach Road, W6 9NX | £555,000 | 28/10/2008 |
36c, Brecon Road, W6 8PU | £250,000 |
24/10/2008 |
Ground Floor Flat, 91, Brackenbury Road, W6 0BQ | £264,524 | 24/10/2008 |
Ground Floor Studio Flat, 93, Hammersmith Grove, W6 0NQ | £186,000 | 24/10/2008 |
36, Riverside Gardens, W6 9LE | £235,000 | 24/10/2008 |
123, Aspen Gardens, W6 9JF | £250,000 | 24/10/2008 |
47, Musard Road, W6 8NR | £535,300 | 23/10/2008 |
Flat 20, Greyhound Mansions, Greyhound Road, W6 8NY | £175,000 | 23/10/2008 |
Flat 41, Bazalgette Court, Great West Road, W6 9AG | £380,000 | 21/10/2008 |
32, Cardross Street, W6 0DR | £650,000 | 17/10/2008 |
165, Dalling Road, W6 0ES | £1,315,000 | 17/10/2008 |
3, Atwood Road, W6 0HX | £485,000 | 17/10/2008 |
8, Ravenscourt Road, W6 0UG | £950,000 | 17/10/2008 |
66, Biscay Road, W6 8JN | £510,000 | 15/10/2008 |
16a, Delorme Street, W6 8DT | £285,000 | 10/10/2008 |
12, Rowan Road, W6 7DU | £730,000 | 09/10/2008 |
10, Pleydell Avenue, W6 0XX | £1,075,000 | 08/10/2008 |
84, Overstone Road, W6 0AB | £800,000 | 08/10/2008 |
13, Perrers Road, W6 0EY | £620,000 | 06/10/2008 |
15, Chancellors Street, W6 9RN | £705,000 | 06/10/2008 |
Flat 3, 97, Greyhound Road, W6 8NJ | £340,000 | 03/10/2008 |
First Floor Flat, 17, Petley Road, W6 9SU | £327,500 |
03/10/2008 |
First Floor Flat, 93, Brackenbury Road, W6 0BQ | £280,000 | 26/09/2008 |
Flat 2, 161, Hammersmith Grove, W6 0NJ | £285,000 | 26/09/2008 |
Flat 1, 7 Anns House, Banim Street, W6 0DN | £222,500 | 26/09/2008 |
10, Everington Street, W6 8DU | £403,000 | 22/09/2008 |
Flat 4, Royston House, Sulgrave Road, W6 7QR | £250,000 | 22/09/2008 |
Flat 58, Digby Mansions, Hammersmith Bridge Road, W6 9DF | £430,000 | 22/09/2008 |
Ground Floor Flat, 22, Verbena Gardens, W6 9TP | £245,000 | 19/09/2008 |
10a, Brackenbury Gardens, W6 0BP | £370,000 | 19/09/2008 |
57, Hammersmith Grove, W6 0NE | £2,700,000 | 19/09/2008 |
Flat 36, Bazalgette Court, Great West Road, W6 9AG | £470,000 | 19/09/2008 |
Roof Space, 13, Raynham Road, W6 0HY | £485,000 | 19/09/2008 |
Ground And First Floors, 13, Raynham Road, W6 0HY | £485,000 | 19/09/2008 |
32a, Claxton Grove, W6 8HF | £302,500 | 16/09/2008 |
32, St Dunstans Road, W6 8RB | £822,500 | 16/09/2008 |
19, Beryl Road, W6 8JS | £545,000 | 15/09/2008 |
50, Colwith Road, W6 9EY | £390,000 | 12/09/2008 |
80, Carthew Road, W6 0DX | £750,000 | 12/09/2008 |
Flat 3, 131, Hammersmith Grove, W6 0NJ | £420,000 | 09/09/2008 |
Source: Land Registry
March 18, 2008
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