Property prices in W4 rise by 7.3% over the year
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The local property market finished on a quiet note after a record breaking year in 2015. Prices fell by 4.8% in the last quarter to end the year averaging below the million pound mark and up 7.3% in the year as a whole. This compares to double digit increases seen across the rest of London.
The average price paid for a home in the W4 post code area according to the Land Registry during the last three months of the year was £962,268 a retreat from the record levels seen in the previous quarter.
Property prices across London rose by 12.4% in 2015 according to the Land Registry bringing the average price of a home in the capital up to £514,097. This was the highest rate of increase in the country.
The average property value in England and Wales was up by 6.4% £188,270. Monthly house prices rose by 1.2% since November 2015.
Sales and repossessions during October 2015, the most up-to-date figures available, show that the number of repossessions in London fell by 71%
The London housing market has seen a fall in newly agreed sales for a third month in a row according to the latest RICS UK Residential Market Survey. Despite an increase in demand across the capital 2% more surveyors have seen a fall in newly agreed sales over the last month, adding to the picture from October and November.
Their report for December 2015 has shown that demand for new properties has reached a three-month high, with Chartered Surveyors citing a rush to beat April’s stamp duty rise as the reason.
From April, buy-to-let investors will be required to pay 3% more in stamp duty charges than residential buyers looking to purchase the same home. Since the Chancellor announced these measures in the Autumn Statement last November, 10% more Chartered Surveyors in London reported a rise in new buyer enquiries but with new instructions flat prices are continuing to rise - average sales per surveyor are at just half of what they were in June 2014.
RICS Chief Economist, Simon Rubinsohn said, “The housing market has experienced an unusually buoyant December. Those in the industry have been speculating that this is the result of the Chancellor’s announcement last November. Potential buy-to-let investors are looking to pick up properties before the increased stamp duty levy comes into force in April. If that is the case, then we can expect to see the housing market heating up further over the next few months.”
The survey also predicted that house prices in London look set to rise by a further 5% per annum in each of the next five years, compared to a UK average of 4.5%, with 57% of contributors in the capital believing that property was either ‘expensive’ or ‘very expensive’.
A net balance of 25% of respondents reported that London house prices had risen since November, substantially lower than the national average of 50%, however price expectations remained strong with a 30% more London surveyors predicting a rise rather than fall in prices over the coming three months.
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December 2015 Property Sales in Chiswick
| Deed Date | Address | Post Code | Price (£) |
|---|---|---|---|
| 21/12/2015 | Flat 3 160 Chiswick High Road | W4 1PR | 430,000 |
| 21/12/2015 | Ground Floor And Basement 24 Fauconberg Road | W4 3JY | 60,000 |
| 21/12/2015 | 2 Grove Park Road | W4 3SG | 1,550,000 |
| 21/12/2015 | Flat 1 Lingfield House Heathfield Terrace | W4 4JR | 815,000 |
| 21/12/2015 | Flat 1 33 Burlington Gardens | W4 4LT | 421,860 |
| 21/12/2015 | 5 Disraeli Close | W4 5JN | 482,500 |
| 18/12/2015 | 34A Ramillies Road | W4 1JN | 535,000 |
| 18/12/2015 | 37 Merton Avenue | W4 1TA | 1,110,000 |
| 18/12/2015 | Flat 56 Homecross House, 21 Fishers Lane | W4 1YA | 340,000 |
| 18/12/2015 | Apartment 5 29 Chiswick High Road | W4 2ND | 695,000 |
| 18/12/2015 | 66 Burlington Lane | W4 2RR | 1,060,000 |
| 18/12/2015 | 22 Park Road | W4 3HH | 1,650,000 |
| 18/12/2015 | 30 Coniston Close | W4 3UG | 520,000 |
| 18/12/2015 | Flat 1 1 Harvard Road | W4 4EA | 730,000 |
| 18/12/2015 | 6 Beaconsfield Close | W4 4EL | 465,000 |
| 18/12/2015 | 130 Barrowgate Road | W4 4QP | 4,350,000 |
| 17/12/2015 | 17 Station Gardens | W4 3SR | 645,000 |
| 17/12/2015 | Flat 2 12 Walpole Gardens | W4 4HG | 425,000 |
| 17/12/2015 | 26 Montgomery Road | W4 5LZ | 1,025,000 |
| 17/12/2015 | 47 Ivy Crescent | W4 5NG | 960,000 |
| 16/12/2015 | 22A Whellock Road | W4 1DZ | 704,000 |
| 16/12/2015 | 6 The Avenue | W4 1HT | 2,950,000 |
| 15/12/2015 | Flat 3 48 Thornton Avenue | W4 1QG | 515,000 |
| 15/12/2015 | 46 Magnolia Road | W4 3RB | 950,000 |
| 15/12/2015 | Flat 4 15 Sutton Court Road | W4 4NN | 410,000 |
| 15/12/2015 | 149 Wilkinson Way | W4 5XF | 221,000 |
| 14/12/2015 | 41 Cornwall Grove | W4 2LB | 1,375,000 |
| 14/12/2015 | 12 Lattimer Place | W4 2UA | 1,090,000 |
| 14/12/2015 | 45 Bollo Lane | W4 5LS | 975,000 |
| 11/12/2015 | 8 Bedford Road | W4 1JJ | 3,317,000 |
| 11/12/2015 | 29 Beverley Court Wellesley Road | W4 4LQ | 550,000 |
| 11/12/2015 | 48 St Albans Avenue | W4 5JP | 1,900,000 |
| 10/12/2015 | 122 Edensor Gardens | W4 2RF | 370,000 |
| 10/12/2015 | 27 Wolseley Gardens | W4 3LZ | 1,250,000 |
| 09/12/2015 | 48 Berrymede Road | W4 5JD | 1,250,000 |
| 08/12/2015 | 83 Wavendon Avenue | W4 4NT | 1,637,750 |
| 08/12/2015 | Flat 11 546 Chiswick High Road | W4 5RG | 715,000 |
| 07/12/2015 | 46 Hatfield Road | W4 1AF | 1,095,000 |
| 07/12/2015 | 15A Devonshire Road | W4 2EU | 685,000 |
| 07/12/2015 | 11 Alkerden Road | W4 2HP | 1,499,950 |
| 04/12/2015 | Cygnet House Chiswick Mall | W4 2PR | 2,275,000 |
| 04/12/2015 | 10 Corney Reach Way | W4 2TU | 1,300,000 |
| 04/12/2015 | 44A Sutton Court Road | W4 4NJ | 1,350,000 |
| 04/12/2015 | 35 Alwyn Avenue | W4 4PA | 2,400,000 |
| 04/12/2015 | Flat 3 59 Barrowgate Road | W4 4QT | 511,000 |
| 04/12/2015 | 4 Florence Road | W4 5DP | 499,950 |
| 04/12/2015 | 75 Edmunds House Colonial Drive | W4 5HA | 617,500 |
| 04/12/2015 | 32 Ivy Crescent | W4 5NG | 1,055,000 |
| 04/12/2015 | 68 Rothschild Road | W4 5NR | 925,000 |
| 04/12/2015 | Power Road Studios Power Road | W4 5PY | 34,200,000 |
| 03/12/2015 | 6 Thornton Avenue | W4 1QG | 3,112,700 |
| 02/12/2015 | 31 Fairfax Road | W4 1EN | 2,500,000 |
| 02/12/2015 | 4 Burlington Lane | W4 2QE | 468,000 |
| 02/12/2015 | 1 Lancaster Court Grove Park Mews | W4 3AW | 600,000 |
| 02/12/2015 | Flat 7 Courtfield, 53 - 69 Sutton Court Road | W4 3EQ | 515,000 |
| 02/12/2015 | 25 Compton Crescent | W4 3JA | 1,275,000 |
| 02/12/2015 | Flat 22 180 Acton Lane | W4 5DL | 367,500 |
| 02/12/2015 | Rear Of, 6A Saville Road | W4 5HQ | 840,000 |
| 02/12/2015 | 10 Evelyn Road | W4 5JL | 840,000 |
| 01/12/2015 | Flat 52 Ormsby Lodge The Avenue | W4 1HS | 675,000 |
| 01/12/2015 | 48B Devonshire Road | W4 2HB | 585,000 |
| 01/12/2015 | 33 Pinkham Mansions Brooks Road | W4 3BQ | 382,000 |
Property sales from November 2015
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Source: Land Registry
April 27, 2016
