Demand for all types of home remains strong says estate agent
The average price of residential properties sold in March this year in Shepherd's Bush is £447,639. This is higher than the previous two month but well down on the peak levels seen last Summer.
There were 36 homes sold in the area during the month.
Two homes sold for over £1 million, one in Loftus Road and one in Rylett Road.
"Demand for all types of property is strong, but the supply of family sized homes is low, " says Paul Jorgenson of estate agent Jorgenson Turner. " With larger homes, there are considerable costs involved in moving home, and at the moment people may be feeling cautious and deciding against a move.
"Flats in W12 are popular because they are still affordable compared with other local areas," says Paul, whose agency has around a dozen available for under £250,000.
"They are also buying in an improving area - Shepherd's Bush is being gentrified with building work going on in every street."
House prices in London are now the only in the country that have risen compared with the same period last year. The Land Registry's House Price Index shows that the average price in the capital was £336,828 in March 2011 up by 0.8% compared to the same month last year. For England and Wales the average price is now £160,996 down by 2.3% from March 2010. Prices in the north east have fallen by 9.3% and in Wales they are down by 7.2%.
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The latest reported sales are given in the table below.
March 2011 Property Sales in Shepherd's Bush
Address | Price (£) | Date |
---|---|---|
7, Flat 7, Loftus Road, W12 7EH | 250,000 |
31/03/2011 |
64, Flat B-C, Hadyn Park Road, W12 9AG | 302,500 |
31/03/2011 |
149, Becklow Road, W12 9HH | 570,000 |
31/03/2011 |
3, Bevan Mews, W12 9AJ | 650,000 |
31/03/2011 |
72, Ormiston Grove, W12 0JS | 410,000 |
29/03/2011 |
Lea Court, Flat 227, Emlyn Gardens, W12 9UL | 280,000 |
29/03/2011 |
52, Heathstan Road, W12 0RA | 340,000 |
29/03/2011 |
7, Flat 4, Loftus Road, W12 7EH | 185,000 |
25/03/2011 |
33, Upper Maisonette, Lime Grove, W12 8EE | 563,000 |
25/03/2011 |
98, Lower Ground Floor Flat, Devonport Road, W12 8NU | 322,500 |
25/03/2011 |
42, Top Floor Flat, Percy Road, W12 9QA | 468,250 |
25/03/2011 |
25, Bloemfontein Avenue, W12 7BJ | 611,250 |
25/03/2011 |
13, Arminger Road, W12 7BA | 790,000 |
25/03/2011 |
3, Loftus Road, W12 7EH | 1,130,000 |
25/03/2011 |
23c, Oaklands Grove, W12 0JD | 230,000 |
24/03/2011 |
75, Basement Flat, Coningham Road, W12 8BS | 375,000 |
24/03/2011 |
97, Wendell Road, W12 9SB | 600,000 |
23/03/2011 |
22, Norbroke Street, W12 0QU | 310,000 |
23/03/2011 |
17a, Uxbridge Road, W12 8LH | 780,000 |
22/03/2011 |
2, Askew Crescent, W12 9DP | 485,000 |
22/03/2011 |
67, First Floor Flat, Coningham Road, W12 8BS | 250,000 |
21/03/2011 |
62, Ground Floor Flat, Westville Road, W12 9BD | 280,000 |
21/03/2011 |
72a, Cathnor Road, W12 9JA | 390,000 |
21/03/2011 |
110, 1, Becklow Road, W12 9HJ | 212,500 |
18/03/2011 |
85, Becklow Road, W12 9HH | 564,000 |
18/03/2011 |
7, Flat 3, Loftus Road, W12 7EH | 205,000 |
11/03/2011 |
88c, St Stephens Avenue, W12 8JD | 425,000 |
11/03/2011 |
142, Cobbold Road, W12 9LL | 435,000 |
09/03/2011 |
125, Westway, W12 0SD | 265,000 |
09/03/2011 |
166, Emlyn Road, W12 9TB | 450,000 |
08/03/2011 |
168, Emlyn Road, W12 9TB | 450,000 |
08/03/2011 |
2, Lower Maisonette, Jeddo Road, W12 9EQ | 340,000 |
07/03/2011 |
59a, Greenside Road, W12 9JQ | 277,000 |
07/03/2011 |
10, Flat 2, Stanlake Road, W12 7HP | 245,000 |
04/03/2011 |
5, Rylett Road, W12 9NL | 1,399,000 |
04/03/2011 |
167 - 169, Flat D, Uxbridge Road, W12 9RB | 275,000 |
03/03/2011 |
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Source: Land Registry
October 12, 2011