Shepherd's Bush Property Sales April 2010
Local market stages a recovery after quiet start to the year
The average sale price of a residential property in April rose to £480,702. This bodes well for a good recovery in average prices which fell to just £408,000 in the first quarter on low volumes.
The month saw three properties change hand for over £1,000,000 including homes on Binden Road, Ashchurch Terrace Villas and Boscombe Road.
The average house price for England and Wales in April was £165,596, up by 0.2%, and the average house price for London was £341,487, up by 1.6%.
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.
April 2010 Property Sales in Shepherd's Bush
| Address | Price (£) | Date |
|---|---|---|
| 23, Ashchurch Terrace, W12 9SL | 1,050,000 |
01/04/2010 |
| 362b, Uxbridge Road, W12 7LL | 335,000 |
01/04/2010 |
| 68, Ormiston Grove, W12 0JS | 336,000 |
01/04/2010 |
| 79, Wendell Road, W12 9SB | 855,000 |
01/04/2010 |
| Phipps House, Flat 120, White City Estate, W12 7QF | 158,000 |
08/04/2010 |
| 47, Westville Road, W12 9BB | 650,000 |
08/04/2010 |
| 13, Abdale Road, W12 7ER | 665,000 |
09/04/2010 |
| 16d, Stowe Road, W12 8BN | 345,000 |
09/04/2010 |
| 35a, Hudson Close, W12 7LX | 149,900 |
09/04/2010 |
| 36, Galloway Road, W12 0PJ | 505,000 |
15/04/2010 |
| 58, Flat B, Loftus Road, W12 7EL | 195,000 |
16/04/2010 |
| 30, Flat B, Ellerslie Road, W12 7BW | 349,650 |
16/04/2010 |
| 43, Thorpebank Road, W12 0PG | 460,000 |
16/04/2010 |
| 47, Thorpebank Road, W12 0PG | 428,500 |
16/04/2010 |
| 38c, Ashchurch Park Villas, W12 9SP | 250,000 |
23/04/2010 |
| Granville Mansions, Flat 8a, Shepherds Bush Green, W12 8QA | 339,000 |
23/04/2010 |
| 19, Binden Road, W12 9RJ | 1,115,000 |
23/04/2010 |
| 4, Second Floor Flat, Bassein Park Road, W12 9RY | 207,500 |
26/04/2010 |
| 2, Devonport Mews, W12 8NG | 170,000 |
27/04/2010 |
| 32, Norbroke Street, W12 0QU | 356,000 |
28/04/2010 |
| 121a, Uxbridge Road, W12 8NL | 350,000 |
29/04/2010 |
| 72b, Stanlake Road, W12 7HL | 475,000 |
30/04/2010 |
| 3, Landor Walk, W12 9AP | 420,000 |
30/04/2010 |
| 2, Boscombe Road, W12 9HP | 1,512,000 |
30/04/2010 |
| 45, Collingbourne Road, W12 0JG | 341,000 |
30/04/2010 |
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Source: Land Registry
October 4, 2010
