Local property price shrug off mansion tax concerns
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Chiswick property prices made a steady start to the year confounding some expectations that the forthcoming general election would depress the local market.
Since the beginning of 2015 there have been 50 home sales in the W4 post code area at an average price of £1,027,989. This suggests that the fall in prices towards the end of last year was just a blip with the average level quickly recovering back over the million pound mark.
The most expensive property sold during the month was at Riverside Lodge, a five bedrood house in a new development off Chiswick Mall which went for £3,385,000.
Of the 50 homes sold, five changed hands for over £2 million with 18 going for over the one million pound mark indicating renewed strong activity at the top end of the market. In previous months there had been fewer transactions in the top price brackets leading some agents to conclude that the possibility of a mansion tax was affecting buyer confidence.
London as a whole continued to see the highest price rises in the country in January rising by 12% to £458,283. This compares to a 6.7% increase for England and Wales which brought the average price up to £179,492. The peak was achieved in November 2007 when the average reached £181,049.
In November 2014, the latest month for which figures are available, the number of completed house sales in England & Wales decreased by 19 per cent to 68,107 compared with 83,726 in November 2013. The number of properties sold in England and Wales for over £1 million decreased by 18% to 869 from 1,060 a year earlier. Repossessions in England and Wales during November 2014 decreased by 47% to 687 compared with 1,286 in November 2013. London was the region with the greatest fall in repossession sales with only 48 taking place in November 2014.
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January/February 2015 Property Sales in Chiswick
| Deed Date | Address | Price (£) |
|---|---|---|
| 20/02/2015 | 7b Linden Gardens, W4 2EG | 566,000 |
| 18/02/2015 | 149 Chiswick Village, W4 3DG | 550,000 |
| 13/02/2015 | 43 Glebe Street, W4 2BE | 1,121,000 |
| 13/02/2015 | 49 Speldhurst Road, W4 1BY | 955,000 |
| 09/02/2015 | 21 Esmond Gardens, South Parade, W4 1JT | 775,000 |
| 09/02/2015 | 44 Alwyn Avenue, W4 4PB | 1,455,000 |
| 09/02/2015 | 84 Antrobus Road, W4 5NQ | 1,176,500 |
| 06/02/2015 | 5b Devonshire Road, W4 2EU | 825,000 |
| 06/02/2015 | 48 Alwyn Avenue, W4 4PB | 1,780,000 |
| 06/02/2015 | 39 Fairlawn Grove, W4 5EJ | 580,000 |
| 06/02/2015 | 3 Whellock Road, W4 1DY | 600,000 |
| 04/02/2015 | 70, Heathfield Court, Heathfield Terrace, W4 4LS | 490,000 |
| 02/02/2015 | Flat 7, St. Andrews Court, 17 Bolton Road, W4 3TE | 500,000 |
| 30/01/2015 | 2 Vicarage Mews, Bennett Street, W4 2AS | 875,000 |
| 30/01/2015 | 18 Lattimer Place, W4 2UB | 1,000,000 |
| 30/01/2015 | 15 Cambridge Road North, W4 4AA | 1,245,000 |
| 30/01/2015 | 27 Marlborough Road, W4 4EU | 2,751,500 |
| 30/01/2015 | 49 Greenend Road, W4 1AH | 1,275,000 |
| 29/01/2015 | 91 Wellesley Road, W4 3AT | 1,066,000 |
| 29/01/2015 | 76 Silver Crescent, W4 5SE | 608,000 |
| 28/01/2015 | 54 Hartington Road, W4 3TX | 1,920,000 |
| 23/01/2015 | 34 Claremont Grove, W4 2TL | 280,000 |
| 23/01/2015 | 48 Sutton Court Road, W4 4NL | 830,000 |
| 23/01/2015 | 6 Saville Road, W4 5HQ | 1,175,000 |
| 23/01/2015 | 15 Rusthall Avenue, W4 1BW | 2,950,000 |
| 21/01/2015 | 95 Sutton Court, Fauconberg Road, W4 3JF | 455,000 |
| 19/01/2015 | 59 Edmunds House, Colonial Drive, Bollo Lane, W4 5HA | 730,000 |
| 19/01/2015 | 24 Grosvenor Road, W4 4EG | 475,000 |
| 19/01/2015 | 27 Hadley Gardens, W4 4NU | 800,000 |
| 16/01/2015 | 3 Eyot Green, W4 2PT | 975,000 |
| 16/01/2015 | 120 Edensor Gardens, W4 2RD | 410,000 |
| 16/01/2015 | 21 Oxford Gardens, W4 3BN | 890,000 |
| 16/01/2015 | 48 Grove Park Road, W4 3SD | 650,000 |
| 16/01/2015 | Ellerslie House, Sutton Lane North, W4 4HF | 2,275,000 |
| 16/01/2015 | 61a Bollo Lane, W4 5LU | 660,000 |
| 16/01/2015 | 13 Ivy Crescent, W4 5NG | 750,000 |
| 14/01/2015 | 23, Fauconberg Court, Fauconberg Road, W4 3JQ | 380,000 |
| 13/01/2015 | 3 Riverside Lodge, 30 Chiswick Mall, W4 2AZ | 3,385,000 |
| 12/01/2015 | 49 Elliott Road, W4 1PF | 755,000 |
| 12/01/2015 | 13, Fauconberg Court, Fauconberg Road, W4 3JQ | 350,500 |
| 09/01/2015 | 49a Beaumont Road, W4 5AL | 1,525,000 |
| 09/01/2015 | 248 Chiswick Village, W4 3DF | 395,000 |
| 09/01/2015 | 40 Hartington Road, W4 3UB | 2,700,000 |
| 09/01/2015 | 25 Fletcher Road, W4 5AT | 869,950 |
| 08/01/2015 | 63 Sutton Lane South, W4 3JT | 1,025,000 |
| 08/01/2015 | 21 Bollo Lane, W4 5LR | 885,000 |
| 07/01/2015 | 29, Hartington Court, Hartington Road, W4 3TT | 450,000 |
| 06/01/2015 | 42c Berrymede Road, W4 5JD | 690,000 |
| 06/01/2015 | 1 Bedford Close, W4 2UE | 1,070,000 |
| 06/01/2015 | Flat 9, 136 Barrowgate Road, W4 4QP | 500,000 |
Property sales from December 2014
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Source: Land Registry
May 12, 2015
