Low volumes make market direction unclear
The average price of residential properties sold in May this year in Shepherd's Bush is £450,058. This above the level seen during the first quarter of the year but relatively few homes were sold so it is difficult to reach conclusions about the direction of the market.
There were just 25 homes sold in the area during the month one of which went for over £1,000,000 - a home in Loftus Road costing £1,400,000.
The May data from Land Registry's House Price Index shows an annual price decrease of 2.2% which takes the average property value in England and Wales to £161,823. The monthly change from April to May is a decrease of 0.4%.
The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 2.9 per cent.
The most up-to-date figures available show that during March 2011, the number of completed house sales in England and Wales decreased by -13 per cent to 44,803 from 51,399 in March 2010. The number of properties sold in England and Wales for over £1 million increased by 58 per cent between March 2010 and March 2011, from 511 to 805.
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.
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May 2011 Property Sales in Shepherd's Bush
Address | Price (£) | Date |
---|---|---|
71, Starfield Road, W12 9SN | 305,000 |
31/05/2011 |
4, Flat D, Loftus Road, W12 7EN | 262,000 |
27/05/2011 |
4, Flat B, Loftus Road, W12 7EN | 225,000 |
27/05/2011 |
10, Flat 2, Wendell Road, W12 9RT | 290,000 |
27/05/2011 |
47, Loftus Road, W12 7EH | 1,400,000 |
27/05/2011 |
1, Devonport Mews, W12 8NG | 300,000 |
27/05/2011 |
18, Vespan Road, W12 9QQ | 545,000 |
26/05/2011 |
Frobisher Court, 60, Flat 18, Lime Grove, W12 8ED | 220,000 |
23/05/2011 |
117, Godolphin Road, W12 8JN | 870,000 |
20/05/2011 |
4, Flat C, Loftus Road, W12 7EN | 245,000 |
18/05/2011 |
41c, Macfarlane Road, W12 7JY | 350,000 |
16/05/2011 |
5b, Askew Road, W12 9AA | 339,950 |
16/05/2011 |
67, Emlyn Road, W12 9TG | 852,000 |
16/05/2011 |
7, Flat 5, Loftus Road, W12 7EH | 202,000 |
13/05/2011 |
7, Flat 6, Loftus Road, W12 7EH | 185,000 |
13/05/2011 |
64, Thorpebank Road, W12 0PQ | 499,999 |
13/05/2011 |
7, Flat 2, Loftus Road, W12 7EH | 335,000 |
06/05/2011 |
Aldine Court, Flat 39, Aldine Street, W12 8AL | 167,500 |
06/05/2011 |
12, Goodwin Road, W12 9HX | 265,000 |
06/05/2011 |
15, Ellingham Road, W12 9PR | 865,000 |
06/05/2011 |
151, Braybrook Street, W12 0AJ | 331,000 |
05/05/2011 |
64, Ollgar Close, W12 0NG | 205,000 |
04/05/2011 |
52, Jeddo Road, W12 9EQ | 395,000 |
04/05/2011 |
53, Greenside Road, W12 9JQ | 700,000 |
04/05/2011 |
Melville Court, Flat 30, Goldhawk Road, W12 9NY | 242,000 |
03/05/2011 |
21, Davisville Road, W12 9SH | 960,000 |
03/05/2011 |
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Source: Land Registry
October 13, 2011