W3 Home Prices Finally Get Going

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Recent sales suggest W3 property prices are on the up

After a period in which the local area appeared to be lagging the rest of London, the latest figures suggest that W3 is at last starting to see prices move up.

The average price of a property sold since 1st December was £355,982. This compares to an average price in the W3 area in the fourth quarter of 2009 of £296,365 which is 3.6% down on the same period last year.

Volumes appear to be good despite the fact that reported sales at major developments like Bromyard House are thin on the ground.

We spoke to Oliver Thomas, sales manager for the Shepherds Bush Office at Northfields Estate Agents who cover Acton. He told us:

"Prices are heading back up to 2007 levels - generally considered to be the height of the market. This has been caused by strong demand from buyers and a lack of properties for sale.

"Now is a fantastic time to sell and with possible uncertainty ahead with the forthcoming election, not to mention the World Cup which seems to slow things down, it is perfect timing if you are thinking about selling.

"The market is back again, but not many people know it. We've sold quite a few properties recently where people have gone on the market just to test the waters and then they end up with a sale at asking or close to asking price.

"My advice to anyone thinking about selling would be to get your property on the market sooner rather than later."

The Land Registry House Price for London in January shows that the capital has been the strongest area of the country during the month with the average price now up by 10.5% compared to January 2009 and 3.9% compared to the previous month. The average London home now costs £336,212.

The January data for the whole country from the Land Registry shows an annual house price movement of 5.2%, which is the second month in a row in which the figure has been positive. While not all regions are recovering at the same rate, it is clear that overall prices are increasing. Monthly house price change is also positive this month at 2.1%. This is the eighth consecutive month that the figure has been above zero.

The average house price in England and Wales now stands at £165,088.

Right Move's House Price index, which is based on offered prices rather than sales prices, is showing that prices have moved down again during the winter. Their index for December is down by 2.2% during the month but up by 1.7% compared with last year.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

The latest reported sales are given in the table below.

A regular market review of the local property scene appears on the site. You can click here for the latest update and analysis.

If your agent is claiming to be marketing your property effectively and it doesn't appear on ActonW3.com it may be time to choose a new agent.

Properties Sold in Acton W3 - December 2009

Address	Price (£)	Date
Morris House, Flat 23, Swainson Road, W3 7UP	97,500	22/12/2009
15, Flat 2, Birch Grove, W3 9SW	175,000	22/12/2009
Victoria Court, Flat 33, Kingsbridge Avenue, W3 9AH	274,500	22/12/2009
114, Shakespeare Road, W3 6SN	385,000	21/12/2009
Goldsmith House, Flat 4, Shakespeare Road, W3 6SH	250,000	21/12/2009
Bromyard House, Flat 92, Bromyard Avenue, W3 7BF	206,000	21/12/2009
56, First Avenue, W3 7JW	410,000	21/12/2009
39, Noel Road, W3 0JD	447,000	21/12/2009
56a, Grafton Road, W3 6PD	325,000	18/12/2009
37, Holley Road, W3 7TR	135,000	18/12/2009
Pegasus Court, 194, Flat 18, Horn Lane, W3 6PT	230,000	18/12/2009
250, Flat 4, Horn Lane, W3 6TQ	232,500	18/12/2009
Anthony Court, Flat 39, Larden Road, W3 7DY	320,000	18/12/2009
Tilbury House, 24, Flat 5, Horn Lane, W3 6QR	198,000	18/12/2009
15, Princes Gardens, W3 0LX	475,000	18/12/2009
Bromyard House, Flat 164, Bromyard Avenue, W3 7BF	330,000	18/12/2009
12, The Ridgeway, W3 8LL	410,000	18/12/2009
Daniel Court, 146, Flat 5, East Acton Lane, W3 7EX	220,000	18/12/2009
Anthony Court, Flat 28, Larden Road, W3 7DY	365,000	18/12/2009
Vandervell Court, Flat 53, Larden Road, W3 7EU	375,000	18/12/2009
17, Flat 2, Alfred Road, W3 6LH	340,000	18/12/2009
Anthony Court, Flat 14, Larden Road, W3 7DY	250,000	18/12/2009
16, Hillcrest Road, W3 9RZ	655,000	17/12/2009
6, Flat 5, Old Oak Road, W3 7HL	236,500	16/12/2009
37, Court Way, W3 0PY	350,000	15/12/2009
68, The Ridgeway, W3 8LR	370,000	14/12/2009
19, Petersfield Road, W3 8NY	230,000	14/12/2009
62, Perryn Road, W3 7LX	887,500	11/12/2009
133, Gunnersbury Avenue, W3 8LE	397,500	11/12/2009
Norfolk House, Flat 4, Queens Drive, W3 0HQ	310,000	11/12/2009
36, Newton Avenue, W3 8AL	527,500	11/12/2009
8, Palmerston Road, W3 8FF	232,500	11/12/2009
43 - 49, Flat 12, Gunnersbury Lane, W3 8ED	134,000	11/12/2009
Miranda Court, Flat 12, Queens Drive, W3 0HZ	262,000	11/12/2009
59, Davis Road, W3 7SF	337,500	11/12/2009
25, Petersfield Road, W3 8NY	276,000	10/12/2009
7, Palmerston Road, W3 8FF	81,375	10/12/2009
Issigonis House, Flat 124, Cowley Road, W3 7UN	82,500	09/12/2009
20, Avenue Crescent, W3 8EP	800,000	08/12/2009
80, Noel Road, W3 0JS	357,000	08/12/2009
Victoria Court, Flat 45, Kingsbridge Avenue, W3 9AH	295,000	08/12/2009
1, East Acton Lane, W3 7HD	1,015,000	07/12/2009
Issigonis House, Flat 121, Cowley Road, W3 7UJ	82,500	04/12/2009
79, Beechwood Grove, W3 7HY	145,000	04/12/2009
8, Sunninghill Court, W3 8BB	185,000	04/12/2009
10, Friary Road, W3 6AE	440,000	04/12/2009
Anthony Court, Flat 46, Larden Road, W3 7DY	355,000	04/12/2009
Anthony Court, Flat 31, Larden Road, W3 7DY	370,000	03/12/2009
363a, Acton Lane, W3 8NR	290,000	03/12/2009
18c, Heathfield Road, W3 8EL	249,950	02/12/2009
Ayr Court, Flat 4, Monks Drive, W3 0EA	320,000	01/12/2009
215, Princes Gardens, W3 0LT	480,000	01/12/2009

Previous Property Sales in Acton

 

April 8, 2010