The latest on Acton's property market


Prices and volumes down in the Land Registry's latest figures

More bad news for local estate agents and homeowners, as new figures show that the number of properties changing hands in Acton is falling rapidly, along with the average sale price.

The latest set of figures from the Land Registry show that home sales in the W3 area fell by over 50% compared to the same time last year and prices were down by 3.3%.

With only 111 properties changing hands in a three month period the market has continued in the downward spiral that it has followed for the past year. The rest of the country also saw a fall in volumes but not to the same extent as Acton.

The figures also show that the average price of a Acton property is now £245,731. Acton prices are down by 3.3% over the last year compared to a 9.83% rise for London and a 10.27% national increase.

For the first time in over a year a house in Acton has changed hands for more the £1 million. The home in Avenue Crescent is the 5th property in this bracket to be sold in the W3 area since 2000.

 

Top Ten Sales in Acton so far this year
Date
Address
Map
Price
24-Jan-05 8, Avenue Crescent, £1,370,000 
05-Jan-05 79, Mill Hill Road, W3 8JF £650,000 
16-Feb-05 13, Creswick Road, W3 9HG £650,000 
09-Mar-05 152, East Acton Lane, W3 7EW £625,000 
20-Jan-05 16, Montague Gardens, W3 9PT £600,000 
11-Mar-05 11, Hillcrest Road, W3 9RN £590,385 
17-Dec-04 Land On The South Side Of, Brougham Road, W3 6JD £492,500 
18-Feb-05 34, Whitehall Gardens, W3 9RD £450,000 
21-Jan-05 2, Grasgarth Close, W3 9HS £436,000 
21-Jan-05 235, High Street, W3 9BY £415,000 

Property Prices in Acton Jan - Mar 2005

Jan - Mar 2005
  Detached
  Semi-Detached
  Terraced
  Flat/Maisonette
  Overall
Region/Area
Av Price £
Sales
Av Price £
Sales
Av Price £
Sales
Av Price £
Sales
Av Price £
Sales
W3 0
0
0
277812
8
295158
6
253000
3
279555
17
W3 6
0
0
351666
3
338050
8
188517
23
238096
34
W3 7
0
0
316750
6
247000
3
196329
15
232768
24
W3 8
0
0
0
0
442500
4
190874
16
241199
20
W3 9
0
0
0
0
425250
4
193082
12
251124
16
-
-
304588
17
347494
25
194359
69
245731
111
Change in Quarter
-
-
-20.5%
-46.9%
5.7%
-32.4%
-5.1%
-32.4%
-7.3%
-35.1%
Change in year
-
-
-12.3%
-43.3%
9.0%
-50.0%
2.1%
-52.1%
-3.3%
-51.5%

May 16, 2005