Latest Hammersmith Property Sales
Turnover declines sharply as local house market starts the year quietly
Transaction levels in the Hammersmith property market have fallen so far this year. This appears mainly to be down to a lack of sales in the new riverside developments particular around Queen's Wharf and Fulham Reach.
The average property price in W6 during the first three months of 2016 was £901,862 - down by 10.8% compared to the same period in 2015, when the average soared above the million mark to £1,011,362.
The reduction in sales is mainly concentrated in one postcode zone, W6 9, the area around the riverside which houses upmarket developments
At the start of 2015, sales at these developments were booming, with 35 apartments changing hands in the area for an average price of £1,409,660.
By contrast, at the start of this year, this flood appears to have dried up with just four flats sold in this area and the average price slumping to £903,750.
Across the whole of London Prices rose by 13.5% over the twelve months to February bringing the average price up to £530,368. For England and Wales prices grew by 6.1% to £190,275.
Prices in the London Borough of Hounslow rose by 13.6% during the year to reach £409,062. Prices in the London Borough of Ealing rose by 6.7% during the year to reach £494,437.
Repossessions in England and Wales halved in December 2015 compared with the same month in 2014 and in London they fell by two-thirds.
The latest survey by the Royal Institution of Chartered Surveyors (RICS) has revealed that growth in the private and public housing sectors in London slowed down considerably. Private housing workloads rose at their slowest pace since Q4 2012, with only 20% more of those working in the sector reporting a rise in activity rather than a fall over the first quarter of 2016. During the last quarter of 2015 that figure was 44 per cent.
This easing in the private housing sector has not been offset by any increase in the construction of public housing, with growth in this sector remaining broadly unchanged from the previous quarter, and just 11% more surveyors reporting a rise rather than a fall in activity.
RICS Chief Economist, Simon Rubinsohn said, “On the surface, it might seem surprising that we are witnessing a slowdown in the construction sector just a few months after hearing the Chancellor’s ‘We Are The Builders’ speech, given the Government’s significant commitment to this sector. One might well ask why growth in private housing workloads is softening at a time when policy is firmly focussed on the creation of new starter homes. We have long held the view that starter homes cannot be the only solution. There is an issue around the availability of land on which new houses can be built, and we would like to see more being done to free up private brownfield sites.
“Our survey tells us that planning delays are one of the biggest barriers to growth in the construction sector. We have recommended that councils work together to create a team of emergency planners who can parachute into boroughs that are experiencing significant delays, therefore reducing a major growth barrier.
“That said, we cannot discount the climate of uncertainty caused by the forthcoming EU referendum. We know that a range of sectors have been affected by these issues as investors look to delay any decisions until a final outcome has been determined, and construction is no exception.”
A regular market review of the local property scene appears on the site. You can click here for the latest update and analysis.
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Hammersmith Property Prices (January - March 2016) |
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Date |
Address |
Post Code |
Price (£) |
| 18/03/2016 | Ground Floor Flat 29, Brackenbury Road | W6 0BE | 480,000 |
| 18/03/2016 | Flat 123 Stamford Court, Goldhawk Road | W6 0XE | 528,500 |
| 18/03/2016 | 42, Stamford Brook Road | W6 0XL | 2,115,000 |
| 18/03/2016 | 46, Richford Street | W6 7HP | 1,425,000 |
| 17/03/2016 | 67, Aspenlea Road | W6 8LH | 475,000 |
| 15/03/2016 | 14, Everington Street | W6 8DU | 1,050,000 |
| 10/03/2016 | Flat 3 398, Goldhawk Road | W6 0SB | 500,000 |
| 09/03/2016 | 58, Musard Road | W6 8NW | 1,050,000 |
| 07/03/2016 | 58, Stamford Brook Road | W6 0XL | 2,127,500 |
| 03/03/2016 | 39 Ashlar Court, 21, Ravenscourt Gardens | W6 0TU | 1,160,000 |
| 03/03/2016 | 86 The Grampians, Shepherds Bush Road | W6 7LZ | 530,000 |
| 03/03/2016 | 44, Kinnoul Road | W6 8NQ | 1,175,000 |
| 02/03/2016 | Flat 2 398, Goldhawk Road | W6 0SB | 592,500 |
| 01/03/2016 | Flat 111 Stamford Court, Goldhawk Road | W6 0XE | 420,000 |
| 01/03/2016 | 108 Distillery Wharf, Parrs Way | W6 9GD | 1,450,000 |
| 01/03/2016 | 9, Chancellors Street | W6 9RN | 1,225,000 |
| 29/02/2016 | Flat 96 Kings Court, Hamlet Gardens | W6 0RW | 303,000 |
| 29/02/2016 | 10, Adeney Close | W6 8ES | 725,000 |
| 26/02/2016 | 39, Iffley Road | W6 0PB | 530,000 |
| 26/02/2016 | Flat 9 Stamford Court, Goldhawk Road | W6 0XB | 498,000 |
| 26/02/2016 | 30, Melrose Gardens | W6 7RW | 2,150,000 |
| 26/02/2016 | Flat 41A Digby Mansions, Hammersmith Bridge Road | W6 9DF | 465,000 |
| 25/02/2016 | 192A, Dalling Road | W6 0EU | 705,000 |
| 24/02/2016 | Flat 3 Royston House, Sulgrave Road | W6 7QR | 285,000 |
| 24/02/2016 | 38, Abbey Gardens | W6 8QR | 395,000 |
| 24/02/2016 | 107, Colwith Road | W6 9EZ | 920,000 |
| 23/02/2016 | 68, Hamlet Gardens | W6 0SU | 655,000 |
| 19/02/2016 | 24, Agate Road | W6 0AH | 2,535,000 |
| 19/02/2016 | 44, Batoum Gardens | W6 7QD | 2,345,000 |
| 19/02/2016 | 53, Beryl Road | W6 8JS | 1,000,000 |
| 15/02/2016 | 53 Ashlar Court, 21, Ravenscourt Gardens | W6 0TU | 445,000 |
| 12/02/2016 | Flat 1 32, Cromwell Grove | W6 7RG | 675,000 |
| 11/02/2016 | 31, Aldensley Road | W6 0DH | 1,150,000 |
| 08/02/2016 | Flat 4 Stamford Brook Mansions, Goldhawk Road | W6 0XA | 625,000 |
| 08/02/2016 | Flat 3 8, Hammersmith Broadway | W6 7AL | 445,000 |
| 05/02/2016 | 105, Flora Gardens | W6 0HR | 560,000 |
| 05/02/2016 | Flat 87 Kings Court, Hamlet Gardens | W6 0RW | 207,500 |
| 05/02/2016 | Flat 97 Kings Court, Hamlet Gardens | W6 0RW | 320,000 |
| 05/02/2016 | Flat 26 Mary Macarthur House, Field Road | W6 8HZ | 450,000 |
| 03/02/2016 | 7, Ravenscourt Avenue | W6 0SL | 1,200,000 |
| 02/02/2016 | 3E, Southerton Road | W6 0PJ | 420,350 |
| 02/02/2016 | Third Floor Flat 22, Greyhound Road | W6 8NX | 380,000 |
| 01/02/2016 | 47, Margravine Road | W6 8LL | 1,125,000 |
| 01/02/2016 | 33, Colwith Road | W6 9EY | 660,000 |
| 29/01/2016 | Upper Maisonette 176, Dalling Road | W6 0EU | 690,000 |
| 29/01/2016 | 11, Cressy Court | W6 0UY | 440,000 |
| 29/01/2016 | Flat 350 Latymer Court, Hammersmith Road | W6 7LH | 760,000 |
| 29/01/2016 | 131, Claxton Grove | W6 8HB | 1,000,000 |
| 29/01/2016 | 41, Yeldham Road | W6 8JF | 460,000 |
| 29/01/2016 | Flat 4 175 - 177, Fulham Palace Road | W6 8QT | 440,000 |
| 29/01/2016 | Flat 2 Clarke Court, Great West Road | W6 9AP | 102,196 |
| 29/01/2016 | Flat 5 Clarke Court, Great West Road | W6 9AP | 91,266 |
| 29/01/2016 | Flat 8 Clarke Court, Great West Road | W6 9AP | 76,190 |
| 29/01/2016 | Flat 9 Clarke Court, Great West Road | W6 9AP | 91,266 |
| 29/01/2016 | 216B, Fulham Palace Road | W6 9NT | 585,000 |
| 28/01/2016 | 4, Petley Road | W6 9ST | 1,340,000 |
| 26/01/2016 | 59A, Greyhound Road | W6 8NH | 1,151,000 |
| 22/01/2016 | 61, Carthew Road | W6 0DU | 1,175,000 |
| 22/01/2016 | 38B, Westcroft Square | W6 0TA | 545,000 |
| 22/01/2016 | 24, Ranelagh Gardens | W6 0YE | 855,000 |
| 22/01/2016 | Flat 4 8, Hammersmith Broadway | W6 7AL | 495,000 |
| 22/01/2016 | 63, Rowan Road | W6 7DT | 2,550,000 |
| 22/01/2016 | Flat 87 Latymer Court, Hammersmith Road | W6 7JE | 442,000 |
| 22/01/2016 | 9A, Margravine Road | W6 8LS | 750,000 |
| 21/01/2016 | Flat 6 175 - 177, Fulham Palace Road | W6 8QT | 500,000 |
| 20/01/2016 | Flat 2 Burnham House, Sulgrave Road | W6 7QW | 475,000 |
| 18/01/2016 | First Floor Flat 184, Hammersmith Grove | W6 7HF | 587,500 |
| 18/01/2016 | Flat 154 Latymer Court, Hammersmith Road | W6 7JG | 435,000 |
| 13/01/2016 | 37, Bradmore Park Road | W6 0DT | 1,050,000 |
| 13/01/2016 | 42, Moylan Road | W6 8QB | 1,011,700 |
| 12/01/2016 | 43, Mall Road | W6 9DG | 1,800,000 |
| 08/01/2016 | Flat 250 Latymer Court, Hammersmith Road | W6 7LB | 960,000 |
| 07/01/2016 | 9, Redmore Road | W6 0HZ | 971,350 |
| 07/01/2016 | 9, Cambridge Grove | W6 0LA | 1,225,000 |
| 06/01/2016 | Ground Floor 164 - 166, King Street | W6 0QU | 14,000 |
| 06/01/2016 | 25B, Westcroft Square | W6 0TD | 560,000 |
| 06/01/2016 | Garden Flat 11, Averill Street | W6 8ED | 700,000 |
| 06/01/2016 | 20, Adeney Close | W6 8ES | 458,000 |
| 05/01/2016 | 24, Carthew Road | W6 0DX | 1,250,000 |
| 05/01/2016 | 144A, Hammersmith Grove | W6 7HE | 400,000 |
Source: Land Registry
May 27, 2016
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