Shepherd's Bush Property Sales - February 2011
Prices continue to make a steady recovery
The average price of residential properties sold in February this year in Shepherd's Bush is £430,755. This is slightly up on the last quarter of 2010 when the average dropped to £426,400, a sharp drop of 13% - almost £65,000 - from the peak levels seen in the Summer. There were 41 homes sold in the area during the month.
Two homes sold for over £1 million, including one in Ashchurch Park Villas which became the twelfth most expensive property to have been sold in Shepherd's Bush.
London property prices overall are up by 3.2% in February compared to last year. Prices were down marginally on the previous month. This is still highest level in the country with the North East seeing prices fall by 7.1% in the same period. Nationally prices fell by 1.7% in February 2011 compared with February 2010.
This brings the average property price to £341,048, in comparison to the figure for England and Wales, which is £162,215.
Longer term London has also significantly outperformed the rest of the country according to the Nationwide House Price Index, with prices up 17% over the last five years. This compares to a modest 1.3% increase across the UK as a whole. Over the same period, the North was the worst performing region, with prices down 7.8%.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said, “Demand for homes has levelled out, supported by historically low interest rates and some stabilisation in the labour market. The continued uncertain outlook for the economy is likely to keep many potential buyers on the sidelines for some time yet. “Nevertheless, there are few signs of a glut of unsold homes building up on the market. Sellers remain reluctant to accept lower prices to secure a sale. In fact there are tentative signs that the volume of homes coming onto the market is slowing.”
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The latest reported sales are given in the table below.
February 2011 Property Sales in Shepherd's Bush
| Address | Price (£) | Date |
|---|---|---|
| 12a, Coverdale Road, W12 8JL | 300,000 |
28/02/2011 |
| 22, Elgin Avenue, W12 9NP | 246,000 |
28/02/2011 |
| 145, Basement Flat, Uxbridge Road, W12 9RB | 345,000 |
28/02/2011 |
| 60, Abdale Road, W12 7EU | 665,000 |
28/02/2011 |
| 32, Warbeck Road, W12 8NT | 695,000 |
28/02/2011 |
| 26, First Floor Flat, Lime Grove, W12 8EA | 317,500 |
25/02/2011 |
| 66, Sedgeford Road, W12 0NB | 595,000 |
25/02/2011 |
| 24, Ground Floor Flat 5, Wendell Road, W12 9RT | 140,000 |
22/02/2011 |
| 30, Hudson Close, W12 7LX | 190,000 |
18/02/2011 |
| 38a, Thornfield Road, W12 8JQ | 275,000 |
18/02/2011 |
| 4, First Floor Flat, Warbeck Road, W12 8NT | 310,000 |
18/02/2011 |
| 103, Flat 7, Devonport Road, W12 8PB | 160,000 |
18/02/2011 |
| 40, Ground Floor Flat A, Davisville Road, W12 9SJ | 335,000 |
18/02/2011 |
| 47, Percy Road, W12 9PX | 818,000 |
18/02/2011 |
| 1, Bramble Gardens, W12 0TF | 355,000 |
18/02/2011 |
| 7, Flat 1, Loftus Road, W12 7EH | 350,000 |
17/02/2011 |
| 40, Flat B, Davisville Road, W12 9SJ | 200,000 |
16/02/2011 |
| 67, Primula Street, W12 0RF | 260,000 |
16/02/2011 |
| 27, Havelock Close, W12 7NG | 236,000 |
15/02/2011 |
| 85, Flat 2, Godolphin Road, W12 8JN | 292,000 |
15/02/2011 |
| 78, Stowe Road, W12 8BW | 340,000 |
14/02/2011 |
| 35, Aylmer Road, W12 9LG | 415,000 |
14/02/2011 |
| 90, Thorpebank Road, W12 0PQ | 455,000 |
14/02/2011 |
| 25, Ingersoll Road, W12 7BE | 830,500 |
14/02/2011 |
| 54, Ollgar Close, W12 0NG | 190,000 |
11/02/2011 |
| 44, Ground Floor Flat, Askew Crescent, W12 9DP | 215,000 |
11/02/2011 |
| 55, B5, Boscombe Road, W12 9HT | 192,000 |
11/02/2011 |
| 23, Vespan Road, W12 9QG | 622,000 |
11/02/2011 |
| 4, Ashchurch Park Villas, W12 9SP | 1,715,000 |
11/02/2011 |
| 54, Davisville Road, W12 9SJ | 1,000,000 |
11/02/2011 |
| 159, Wulfstan Street, W12 0AB | 281,000 |
08/02/2011 |
| 97b, Willow Vale, W12 0PA | 461,000 |
07/02/2011 |
| 18, Flat 2, Lime Grove, W12 8EA | 315,000 |
04/02/2011 |
| 50, Flat 4, Woodstock Grove, W12 8LG | 285,000 |
04/02/2011 |
| 70, Galloway Road, W12 0PJ | 450,000 |
04/02/2011 |
| 67, Macfarlane Road, W12 7JY | 720,000 |
04/02/2011 |
| 34, Wendell Road, W12 9RS | 660,000 |
04/02/2011 |
| 412, Flat 3, Uxbridge Road, W12 0NR | 315,000 |
03/02/2011 |
| 136, Cobbold Road, W12 9LL | 460,000 |
03/02/2011 |
| 16a, Godolphin Road, W12 8JE | 389,950 |
02/02/2011 |
| Hanover Court, Flat 17, Uxbridge Road, W12 9EP | 265,000 |
01/02/2011 |
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Source: Land Registry
October 12, 2011
