Chiswick Property Sales - January 2016

Prices start the year on a subdued note

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The local property market have started the year 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.

There were 46 properties reported as sold to the Land Registry during the month of January at an average price of £938,810. 18 of these homes went for over £1,000,000 with the top-priced property during the month being a house on Homefield Road which went for £2,650,000.

This suggests that prices have drifted off since the end of last year with the average for the fourth quarter being £962,268 however it may be that forthcoming stamp duty changes encouraged more turnover in smaller properties driving the average down.

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Across the whole of London Prices rose by 13.5% over the twelve months to February bringing the average price up to £530,368. For England and Wales prices grew by 6.1% to £190,275.

Prices in the London Borough of Hounslow rose by 13.6% during the year to reach £409,062. Prices in the London Borough of Ealing rose by 6.7% during the year to reach £494,437.

Repossessions in England and Wales halved in December 2015 compared with the same month in 2014 and in London they fell by two-thirds.

The latest survey by the Royal Institution of Chartered Surveyors (RICS) has revealed that growth in the private and public housing sectors in London slowed down considerably. Private housing workloads rose at their slowest pace since Q4 2012, with only 20% more of those working in the sector reporting a rise in activity rather than a fall over the first quarter of 2016. During the last quarter of 2015 that figure was 44 per cent.

This easing in the private housing sector has not been offset by any increase in the construction of public housing, with growth in this sector remaining broadly unchanged from the previous quarter, and just 11% more surveyors reporting a rise rather than a fall in activity.

RICS Chief Economist, Simon Rubinsohn said, “On the surface, it might seem surprising that we are witnessing a slowdown in the construction sector just a few months after hearing the Chancellor’s ‘We Are The Builders’ speech, given the Government’s significant commitment to this sector. One might well ask why growth in private housing workloads is softening at a time when policy is firmly focussed on the creation of new starter homes. We have long held the view that starter homes cannot be the only solution. There is an issue around the availability of land on which new houses can be built, and we would like to see more being done to free up private brownfield sites.

“Our survey tells us that planning delays are one of the biggest barriers to growth in the construction sector. We have recommended that councils work together to create a team of emergency planners who can parachute into boroughs that are experiencing significant delays, therefore reducing a major growth barrier.

“That said, we cannot discount the climate of uncertainty caused by the forthcoming EU referendum. We know that a range of sectors have been affected by these issues as investors look to delay any decisions until a final outcome has been determined, and construction is no exception.”

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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 2016 Property Sales in Chiswick
Deed Date
Address
Post Code
Price (£)
29/01/2016 21, Alexandra Road W4 1AX
1,295,000
29/01/2016 26, Cleveland Avenue W4 1SN
1,701,000
29/01/2016 33C, St Marys Grove W4 3LN
550,000
29/01/2016 15, Whitehall Park Road W4 3NE
1,290,000
29/01/2016 37, Kent Road W4 5EY
940,000
29/01/2016 41, Berrymede Road W4 5JE
1,150,000
27/01/2016 67, Glebe Street W4 2BE
533,500
27/01/2016 Flat 24 2B, Bollo Lane W4 5LE
465,000
26/01/2016 203, Staveley Gardens W4 2TD
602,500
25/01/2016 80B, Thornton Avenue W4 1QQ
375,000
25/01/2016 Flat 2 Afroze Court, 16, Cambridge Road North W4 4AA
365,000
25/01/2016 36C, Grange Road W4 4DD
535,000
25/01/2016 19, Somerset Road W4 5DW
819,000
22/01/2016 Flat 2 56, Chiswick Lane W4 2JQ
465,000
22/01/2016 163, Staveley Gardens W4 2SQ
540,000
22/01/2016 Flat 10 Beechwood Court, 24 - 26, Park Road W4 3HJ
495,000
22/01/2016 76, Waldeck Road W4 3NU
690,000
22/01/2016 18, Grove Park Terrace W4 3QG
1,305,000
22/01/2016 84, Thames Road W4 3RE
635,000
22/01/2016 20, Somerset Road W4 5DN
762,000
21/01/2016 7, Thorney Hedge Road W4 5SB
600,000
20/01/2016 65, Sutton Lane South W4 3JT
1,060,000
18/01/2016 5, Chiswick High Road W4 2ND
1,803,000
18/01/2016 Flat 1 39, Arlington Gardens W4 4EZ
930,000
15/01/2016 103, Esmond Road W4 1JE
1,182,500
15/01/2016 80, Duke Road W4 2DE
1,451,000
15/01/2016 21, Cranbrook Road W4 2LH
1,351,074
15/01/2016 33, Homefield Road W4 2LW
2,650,000
15/01/2016 102, Netheravon Road South W4 2PZ
875,000
15/01/2016 28, Meade Close W4 3NT
525,000
15/01/2016 Flat 9A Burlington Court, Spencer Road W4 3SY
350,000
15/01/2016 Flat 5 6 Merlin House, Castle Row W4 4JQ
482,500
15/01/2016 33, St Albans Avenue W4 5LL
1,799,950
14/01/2016 67, Fielding Road W4 1DA
1,495,000
11/01/2016 Flat 3 Prebend Mansions, Chiswick High Road W4 2LU
1,540,000
08/01/2016 20, Marlborough Crescent W4 1HQ
1,545,000
08/01/2016 64, Devonshire Road W4 2HT
540,000
08/01/2016 111, Airedale Avenue South W4 2PX
1,023,000
08/01/2016 12, Burlington Road W4 4BG
485,000
08/01/2016 22C, Grosvenor Road W4 4EH
1,250,000
08/01/2016 Flat 1 136, Barrowgate Road W4 4QP
441,500
08/01/2016 41 Edmunds House, Colonial Drive W4 5HA
670,000
07/01/2016 41, Abinger Road W4 1EU
1,837,500
07/01/2016 23, Swanscombe Road W4 2HL
630,000
07/01/2016 Garden Flat 5, Marlborough Road W4 4EU
770,000
05/01/2016 22, Monmouth Close W4 5DQ
385,250

Property sales from December 2015

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Source: Land Registry

May 17, 2016

 

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