Prices fall back from heady levels seen earlier in Summer
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August saw property prices pull back from the headier levels seen in the Summer. The average price recorded during the month was £645,101 well down from the exceptionally high levels seen in June and July.
Average prices in London as a whole were up by 0.9% in August according to the Land Registry, which brings them to £345,734. This is the sixth month in a row in which the capital's monthly movement has been greater than zero. Compared to August last year prices are up by 11.4% the strongest annual growth experienced by any region in England and Wales.
The Land Registry's House Price Index for August was up by 0.3% the fifth month in a row in which the movement has been positive. This changes the average property value in England and Wales to £167,423. The annual house price change has now remained positive for ten consecutive months, with a movement of 6.7% in August.
More recent figures from the Halifax House Price Index suggest that home values nationally fell back during September. These numbers are based on offer prices rather than actual achieved sale prices.
Commenting on the Halifax House Price Index, Simon Rubinsohn, Royal Institution of Chartered Surveyors chief economist said, “The latest numbers from Halifax provide further evidence that house prices are easing after the strong gains seen through the latter part of 2009 and the early part of 2010. That said, the 3.6 per cent drop in this index in September undoubtedly highlights the extent of the softer trend in prices. On a month by month basis, house prices are always going to display a degree of volatility and in an environment in which transactions activity is subdued this is going to be even more pronounced."
He added, “RICS expects prices to slip a little further over the coming months, but despite the prospect of public spending cuts we believe the risk of large house price falls remains relatively limited.”
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August 2010 Property Sales in Chiswick
| Address | Price (£) |
Date |
| 10, Ivy Crescent, W4 5NG | 620,000 |
31/08/2010 |
| 156a, Southfield Road, W4 1AN | 450,000 |
31/08/2010 |
| 13, Beaconsfield Close, W4 4EL | 275,000 |
31/08/2010 |
| 55, Antrobus Road, W4 5HZ | 595,000 |
27/08/2010 |
| 1a, Upham Park Road, W4 1PG | 900,000 |
27/08/2010 |
| 74, Paxton Road, W4 2QX | 660,000 |
27/08/2010 |
| 9, Flat 15, Devonhurst Place, W4 4JB | 585,000 |
27/08/2010 |
| 28, Whitehall Park Road, W4 3NE | 785,000 |
27/08/2010 |
| 3, Pyrmont Road, W4 3NR | 320,000 |
27/08/2010 |
| 4, Thames Village, W4 3UE | 349,950 |
27/08/2010 |
| 145, Watchfield Court, W4 4NE | 299,950 |
27/08/2010 |
| Creston Court, 50, Flat 5, Fletcher Road, W4 5AS | 352,500 |
27/08/2010 |
| 7, Priory Road, W4 5JB | 470,000 |
26/08/2010 |
| 19, Cornwall Grove, W4 2LB | 725,000 |
26/08/2010 |
| 33, Flat 5, Grove Park Gardens, W4 3RY | 395,000 |
26/08/2010 |
| 16, Glebe Street, W4 2BG | 765,000 |
26/08/2010 |
| 5, Chiswick Village, W4 3BY | 270,000 |
26/08/2010 |
| 8, Wavendon Avenue, W4 4NR | 434,950 |
26/08/2010 |
| 5, Saville Road, W4 5HQ | 920,000 |
25/08/2010 |
| 69, The Avenue, W4 1HJ | 465,000 |
25/08/2010 |
| Homecross House, 21, Flat 21, Fishers Lane, W4 1YA | 240,000 |
24/08/2010 |
| 28, Binns Road, W4 2BS | 740,000 |
24/08/2010 |
| 461, Chiswick High Road, W4 4AU | 283,000 |
24/08/2010 |
| 19a, Carlton Road, W4 5DY | 399,950 |
20/08/2010 |
| 107, Antrobus Road, W4 5NQ | 450,000 |
20/08/2010 |
| 546, Flat 13, Chiswick High Road, W4 5RG | 483,750 |
20/08/2010 |
| 10, Meade Close, W4 3NT | 310,000 |
20/08/2010 |
| 21, Huntingdon Gardens, W4 3HX | 805,000 |
19/08/2010 |
| 84, Bollo Lane, W4 5LT | 517,000 |
18/08/2010 |
| 40, St Thomas Road, W4 3LD | 384,000 |
18/08/2010 |
| 56, Hartington Road, W4 3TX | 1,275,000 |
18/08/2010 |
| 28, Cunnington Street, W4 5EN | 416,500 |
17/08/2010 |
| 37, Stile Hall Gardens, W4 3BT | 1,120,000 |
16/08/2010 |
| 11, Osier Mews, W4 2NT | 460,000 |
16/08/2010 |
| 31, Cedars Road, W4 3JP | 380,000 |
16/08/2010 |
| 36, Waldeck Road, W4 3NP | 540,000 |
16/08/2010 |
| 5, Evelyn Road, W4 5JL | 758,000 |
13/08/2010 |
| 33, Brookfield Road, W4 1DE | 650,000 |
13/08/2010 |
| 11, Russell Close, W4 2NU | 1,125,000 |
13/08/2010 |
| 9, Flat 35, Devonhurst Place, W4 4JB | 660,000 |
13/08/2010 |
| 24, Kinnaird Avenue, W4 3SH | 1,280,000 |
13/08/2010 |
| 42, Weston Road, W4 5NJ | 580,000 |
12/08/2010 |
| 10, Lattimer Place, W4 2UA | 975,000 |
12/08/2010 |
| 24, Hartington Road, W4 3UA | 1,925,000 |
11/08/2010 |
| 27, Binns Road, W4 2BS | 718,000 |
09/08/2010 |
| Isis Court, 6, Grove Park Road, W4 3SA | 480,000 |
09/08/2010 |
| 87, Sutton Court, W4 3JF | 335,000 |
09/08/2010 |
| 11, Fishers Lane, W4 1RX | 785,000 |
06/08/2010 |
| 33, Elmwood Road, W4 3DY | 1,060,000 |
06/08/2010 |
| 4, Elmwood Road, W4 3DZ | 790,000 |
06/08/2010 |
| Fauconberg Court, 10, Fauconberg Road, W4 3JQ | 340,000 |
06/08/2010 |
| 31, Wavendon Avenue, W4 4NT | 1,362,500 |
06/08/2010 |
| 3, Chatsworth Close, W4 3HZ | 580,000 |
05/08/2010 |
| 96, Antrobus Road, W4 5NQ | 800,000 |
04/08/2010 |
| 13, Saville Road, W4 5HG | 585,000 |
04/08/2010 |
| 4, Priory Gardens, W4 1TT | 1,730,000 |
04/08/2010 |
| 5, Hearne Road, W4 3NJ | 660,000 |
04/08/2010 |
| 189, Southfield Road, W4 5LB | 480,000 |
03/08/2010 |
| 7, Thorney Hedge Road, W4 5SB | 325,000 |
03/08/2010 |
| Pinkham Mansions, 40, Brooks Road, W4 3BQ | 281,000 |
02/08/2010 |
* Some properties excluded from this table at owners' request
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Source: Land Registry
January 13, 2011
