Hammersmith Property Prices - April 2010
Average value falls from first quarter levels
The latest sales data suggests that prices in the W6 area have drifted off since the beginning of the year.
After averaging over £600,000 in the first quarter of the year the average sale price in April for the W6 area was £ 537,182. This includes the sale of three properties for over £1,000,000.
The April data from Land Registry's House Price Index shows an annual price increase of 14.8% in London. For England and Wales prices are up by 8.5%. This is the sixth month in a row in which the figure has been positive and takes the average property value in England and Wales to £165,596.
The Nationwide House Price index for April shows a 10.1% increase the first double digit annual increase since 2007.
Commenting on the figures Martin Gahbauer, Nationwide's Chief Economist, said, "the more important driver of rising house prices has been the low level of stock for sale, as many homeowners and buy-to-let landlords continue to wait for prices to recover to peak 2007 levels before deciding to sell up or move. The very low level of interest rates has been supportive of this wait-and-see approach, particularly in the buy-to-let sector."
He is anticipating that prices will flatten out over the next few months due to the petering out of new buyer enquiries at estate agents offices and an increase in the number of instructions from sellers.
The latest reported sales are given in the table below.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
Property Sales in Hammersmith - April 2010
| Address | Price | Date |
|---|---|---|
| The Grampians, 123, Shepherds Bush Road, W6 7LZ | £205,000 | 30/04/2010 |
| 19, Top Floor Flat, Lena Gardens, W6 7PY | £567,311 | 30/04/2010 |
| 22, Flat A, Poplar Grove, W6 7RE | £395,000 | 30/04/2010 |
| Horton House, Flat 15, Field Road, W6 8HW | £249,500 | 30/04/2010 |
| The Grampians, 84, Shepherds Bush Road, W6 7LZ | £190,000 | 30/04/2010 |
| 28, Kinnoul Road, W6 8NQ | £730,000 | 29/04/2010 |
| 23, First Floor Flat, Humbolt Road, W6 8QH | £446,879 | 27/04/2010 |
| 26, Kinnoul Road, W6 8NQ | £840,000 | 27/04/2010 |
| Thames Reach, 80, 10, Rainville Road, W6 9HS | £715,000 | 27/04/2010 |
| 24, Rainville Road, W6 9HA | £657,500 | 26/04/2010 |
| 266, Ground And Lower Ground Floor Flat, King Street, W6 0SP | £382,000 | 26/04/2010 |
| 13, Studland Street, W6 0JS | £612,500 | 23/04/2010 |
| 78, Cardross Street, W6 0DR | £676,000 | 23/04/2010 |
| 29, Lower Maisonette, Overstone Road, W6 0AD | £455,000 | 23/04/2010 |
| 9, Theresa Road, W6 9AQ | £580,000 | 19/04/2010 |
| 4, Flat, Rosedale Terrace, W6 0HF | £440,000 | 19/04/2010 |
| 7, Coulter Road, W6 0BJ | £1,150,000 | 16/04/2010 |
| 160, Hamlet Gardens, W6 0TR | £350,000 | 16/04/2010 |
| 30, Disbrowe Road, W6 8QF | £528,000 | 16/04/2010 |
| 18, St Albans Terrace, W6 8HL | £405,000 | 16/04/2010 |
| 80, Yeldham Road, W6 8JG | £627,000 | 15/04/2010 |
| 10, Loris Road, W6 7QA | £1,685,000 | 14/04/2010 |
| 97, Riverside Gardens, W6 9LF | £250,000 | 14/04/2010 |
| 145, Hamlet Gardens, W6 0TR | £435,000 | 13/04/2010 |
| 19, Nella Road, W6 9PB | £737,500 | 13/04/2010 |
| Irene House, Flat 4, Sulgrave Road, W6 7QP | £300,000 | 12/04/2010 |
| 37, Flat 1, Mall Road, W6 9DG | £240,000 | 08/04/2010 |
| 14, Kinnoul Road, W6 8NQ | £570,000 | 08/04/2010 |
| 2, Riverside Gardens, W6 9LE | £270,000 | 07/04/2010 |
| 25, Agate Road, W6 0AJ | £1,540,000 | 06/04/2010 |
| 67, Banim Street, W6 0DN | £490,000 | 01/04/2010 |
| Yeldham House, Flat 14, Yeldham Road, W6 8JD | £152,000 | 01/04/2010 |
| 145, Flora Gardens, W6 0HS | £218,000 | 01/04/2010 |
| 42, Spencer Mews, W6 8PB | £175,000 | 01/04/2010 |
Source: Land Registry
September 15, 2010
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