|Chiswick Breaks the £100,000 Barrier|
First property for nearly three years changes hands for five figure sum
The Chiswick property passed a new landmark in March with the sale of a flat in Kingswood Road for under £76,000. This is the first time that a property has changed hands for less than £100,000 since 2006.
Despite this the average price of properties being sold remains high. The average for March was £632,736 with two properties selling for over a million.
For the first quarter of the year as a whole the average price of property in W4 is £577,020 up by 8.9% compared with the previous quarter. However, a closer look at the numbers shows that both terraced house and flat prices have continued to fall and the only reason the overall average rose is that larger properties are representing a bigger proportion of volume.
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Property Sales in Chiswick during March 2009
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Source: Land Registry
August 20, 2009