'Insatiable' Demand For Property In Chiswick

Local agents confident despite average price dipping below £700,000

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A local estate agent has said there is an "insatiable" demand for unmodernised properties in convenient locations of Chiswick while others warn that prices will rocket due to a diminishing supply of homes on the market.

The comments come as the latest figures show that Chiswick prices appear to have remained stable, although the average sale price has dipped slightly below £700,000.

Of the 53 sales in the W4 post code area reported so far to the Land Registry in 2013 the average price has been £698,879. Of these nine have changed hands for over £1,000,000, the most expensive of which was on Dukes Avenue costing its new owners £2,150,000.

Christopher Bramwell, head of Savills, Chiswick commented that they were seeing a ' trickle' effect of buyers moving from Notting Hill and Kensington west towards Chiswick .

"We have recently achieved record prices for houses in Bedford Park and along Chiswick riverside, there is an insatiable demand for un-modernised houses in convenient locations.”  

“Having lagged behind the price increases seen in more central London locations in the last 12 months, there are signs that certain sectors of our market in prime West London are now not only catching up, but forging ahead, narrowing the differential that had previously emerged.

" Meanwhile, the market above £4,000,000 is also seeing something of a renaissance as landmark instructions are attracting significant interest from buyers, be they local up-sizers or international buyers taking advantage of the price differential from the sale of their central London properties."

Christian Harper of Oliver Finn agents said that prices had "rocketed" as demand exceeds supply in Chiswick. "Although the latest figures show a slight reduction in prices across London I am happy to report a far contrast in real terms for Q1 2013 in terms of prices actually achieved compared to Q4 2012.  Prices have rocketed in W4 as demand far outstretches supply.  I expect to see at least a 10% increase in Land registry figures over the next couple of months.  

"My primary concern is the complete lack of supply.  If supply continues to drip feed the market I predict that prices will continue to rise on a sharp elevation which has the potential to replicate the conditions of the early 1990's, which none of us want.  Fortunately it looks highly unlikely that interest rates will rise, which will assist in preventing catastrophe.

"Although as a Chiswick resident I am personally pleased with an increase in my house value I would prefer to see more supply and be able to report a much slower growth pattern which I believe to be much more sustainable."

Matt Thompson of Featherstone Leigh said: "There is a lack of supply in Chiswick for good family houses which has caused prices to rise, I expect this will be seen in the land registry figures in the coming months (due to the three month delay). Lending still is quite tight with the “deposit heavy buyers” benefitting the most from beneficial rates which still creates a difficult entry into the market at the lower level for first time buyers."

According to the Land Registry, London property prices continue to lead the rest of the country rising by 6.3% in February compared with the same month in 2011. The average price of a home in the capital is now £370,819. This is down slightly on the previous month. For England and Wales as a whole over the same period average prices rose by just 1.0% to reach £162,606.

The most up-to-date figures available show that during December 2012, the number of completed house sales in England and Wales decreased by 15 per cent to 53,860 compared with 63,600 in December 2011. The number of properties sold in England and Wales for over £1 million in December 2012 increased by 19 per cent to 598 from 501 in December 2011.

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ChiswickW4.com is the only place that you will find detailed analysis of the Chiswick property market. Over 10,000 property details are viewed on the site each month.

January/February 2013 Property Sales in Chiswick

Deed Date Address Price (£)
20/02/2013 Flat 6a, Sutton Court Mansions, Grove Park Terrace, W4 3JH
18/02/2013 1 Powell Place, Prince Of Wales Terrace, W4 2EY
15/02/2013 77 Park Road, W4 3EY
15/02/2013 2 Ashbourne Grove, W4 2JH
14/02/2013 13 Brooks Road, W4 3BL
08/02/2013 13 Kent Road, W4 5EY
08/02/2013 Flat 16, Chatsworth Lodge, Bourne Place, W4 2EE
08/02/2013 5 Disraeli Close, W4 5JN
07/02/2013 108 Watchfield Court, Sutton Court Road, W4 4ND
06/02/2013 8 Ravenscroft Road, W4 5EQ
04/02/2013 46 Ernest Gardens, W4 3QU
04/02/2013 13 Ennismore Avenue, W4 1SE
01/02/2013 75 Wellesley Road, W4 3AT
31/01/2013 Flat 4, 2b Bollo Lane, W4 5LE
31/01/2013 5 Coombe Road, W4 2HR
31/01/2013 24 Dukes Avenue, W4 2AE
29/01/2013 33b Chiswick Lane, W4 2LR
25/01/2013 96b Dale Street, W4 2BZ
25/01/2013 155 Watchfield Court, Sutton Court Road, W4 4NE
25/01/2013 6 Kingswood Road, W4 5ET
25/01/2013 33 St. Albans Avenue, W4 5LL
25/01/2013 39 St. Albans Avenue, W4 5LL
25/01/2013 Winchcombe House, Sutton Lane North, W4 4HF
23/01/2013 2 Nicholas Mews, 12 Short Road, W4 2QU
23/01/2013 23a Florence Road, W4 5DP
23/01/2013 28 Grove Park Terrace, W4 3QG
22/01/2013 Flat 49, Dewsbury Court 44-66, Chiswick Road, W4 5RA
22/01/2013 236 Chiswick Village, W4 3DF
21/01/2013 Flat 12, Flaxman House, Devonshire Street, W4 2JP
21/01/2013 64 Silver Crescent, W4 5SE
18/01/2013 78 Watchfield Court, Sutton Court Road, W4 4ND
18/01/2013 6 Stile Hall Gardens, W4 3BP
18/01/2013 8 Wilton Avenue, W4 2HY
18/01/2013 4 Alexandra Road, W4 1AX
17/01/2013 32 Duke Road, W4 2DD
17/01/2013 Flat 17, Autumn Rise 14a, Sutton Court Road, W4 4NG
17/01/2013 79 Netheravon Road, W4 2NB
16/01/2013 9 Chatsworth Road, W4 3HY
15/01/2013 5 Beaulieu Place, W4 5SY
11/01/2013 Flat 7, 2b Bollo Lane, W4 5LE
11/01/2013 78 Bollo Lane, W4 5LT
11/01/2013 56 Corney Road, W4 2RA
11/01/2013 40 Grosvenor Road, W4 4EG
10/01/2013 28, Montgomery Court, St. Thomas Road, W4 3LE
10/01/2013 Flat 9, The Power House, 70 Chiswick High Road, W4 1SY
09/01/2013 19 Stile Hall Gardens, W4 3BS
08/01/2013 Flat 1, Lingfield House, Heathfield Terrace, W4 4JR
07/01/2013 4 Oxford Road North, W4 4DN
04/01/2013 9 Burnaby Gardens, W4 3DS
04/01/2013 3 Annandale Road, W4 2HE
04/01/2013 29 Spencer Road, W4 3SS
04/01/2013 51 Brookfield Road, W4 1DF
03/01/2013 Flat 13, 2b Bollo Lane, W4 5LE
03/01/2013 101 Watchfield Court, Sutton Court Road, W4 4ND


* Some properties excluded from this table at owners' request

Property sales in December 2012

If you are a member of the site who has recently moved into one of these properties and do not wish to have the details displayed here just let us know and we will remove them.

Source: Land Registry

June 11, 2013


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