No Brexit Deal Threat Fails To Discourage House Buyers

High prices still being paid for well-located family homes in Chiswick

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The latest residential property sales show that buyers are still prepared to pay multi-million pound prices for houses in the area despite Brexit related uncertainty.

According to figures from the Land Registry, six homes have changed hands in the W4 post code area for over £2,000,000 since the end of September.

These transactions include one in which £3,910,000 was paid for a Grade II listed detached house on Priory Avenue which was part of the original Bedford Park development.

One local estate agent said, "A lot of buying interest currently is coming from City of London types who are discounting the chances of us crashing out of the EU without a deal and view the current confusion as an excellent opportunity to acquire a top quality property in Chiswick."

The number of transactions remains at historical lows with only 63 sales reported so far in the fourth quarter of the year. Flat sales represented less than half of this total well below their usual proportion which may account for the average price recovering back over the million pound mark. Newly built flats also seem to be hard to shift with only units at the Chiswick 500 development recorded as being sold.

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For the country as a whole house price growth according to the Nationwide House Price Index has slowed to just 0.5% in 2018, down from 2.6% in 2017. London has seen a decline in prices over the year with the average price declining by 0.7% to £466,988.

Robert Gardner, Nationwide's Chief Economist, said, “The economic outlook is unusually uncertain. However, if the economy continues to grow at a modest pace, with the unemployment rate and borrowing costs remaining close to current levels, we would expect UK house prices to rise at a low single-digit pace in 2019."

The Bank of England published figures showing a slump in mortgage approvals in November. Loan approvals for new house purchases dropped almost 5% to 63,728 the lowest for seven months.

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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.

Property Sales in Chiswick - October and November 2018

Deed Date Address Post Code Price (£)
26/11/2018 99 Rusthall Avenue W4 1BN
1,200,000
26/11/2018 94 Wellesley Road W4 3AL
1,475,000
23/11/2018 Flat 26 Dewsbury Court, 44 - 66 Chiswick Road W4 5RA
283,000
19/11/2018 115 Park Road W4 3ER
1,900,000
16/11/2018 36 Chiswick Staithe W4 3TP
985,000
16/11/2018 33A Chiswick Lane W4 2LR
488,000
16/11/2018 51 Fletcher Road W4 5AT
560,000
16/11/2018 48 Priory Avenue W4 1TY
3,910,000
15/11/2018 23 Gainsborough Road W4 1NJ
1,750,000
15/11/2018 Flat 1 68 Grove Park Road W4 3QA
1,225,000
09/11/2018 63 Whitehall Park Road W4 3NB
1,048,000
09/11/2018 55B Beaumont Road W4 5AL
599,950
09/11/2018 26 Dartmouth Place W4 2RH
937,500
05/11/2018 66 Wellesley Road W4 3AL
880,000
05/11/2018 Flat 1 Kara Lodge, 14 Newton Grove W4 1LB
1,397,000
05/11/2018 38 Wellesley Road W4 4BZ
1,570,000
02/11/2018 20 Shirley Road W4 1DD
1,250,000
02/11/2018 9 Cleveland Avenue W4 1SN
1,675,000
02/11/2018 124 Cranbrook Road W4 2LJ
1,280,000
02/11/2018 Apartment 8 500 Chiswick High Road W4 5AG
560,000
02/11/2018 41 Rothschild Road W4 5HT
595,000
02/11/2018 11 Chesterfield Road W4 3HG
2,850,000
31/10/2018 19 Hearne Road W4 3NJ
845,000
30/10/2018 34 Hatfield Road W4 1AF
1,080,000
29/10/2018 19 Brookfield Road W4 1DE
1,058,500
29/10/2018 29 Ravensmede Way W4 1TF
415,000
26/10/2018 30 Duke Road W4 2DD
1,310,000
26/10/2018 138 Park Road W4 3HP
2,260,000
26/10/2018 43 Dale Street W4 2BY
510,000
26/10/2018 Apartment 2 500 Chiswick High Road W4 5AG
585,000
26/10/2018 15 Copenhagen Gardens W4 5NN
422,000
26/10/2018 First and Second Floor 464 Chiswick High Road W4 5TT
815,000
26/10/2018 35 Wilkinson Way W4 5XD
510,000
24/10/2018 47 Pinkham Mansions Brooks Road W4 3BQ
390,000
24/10/2018 60 Fairlawn Avenue W4 5EF
500,000
23/10/2018 40 Chiswick Village W4 3BY
370,000
22/10/2018 15 Queen Annes Grove W4 1HW
2,565,000
19/10/2018 48 The Avenue W4 1HR
1,133,500
18/10/2018 Flat 10 St. Andrews Court, 17 Bolton Road W4 3TE
450,000
17/10/2018 27 Fairfax Road W4 1EN
2,450,000
17/10/2018 186 Southfield Road W4 5LD
750,000
16/10/2018 70 Paxton Road W4 2QX
872,500
15/10/2018 46A Chiswick Lane W4 2JQ
925,000
15/10/2018 Flat 64 Homecross House, 21 Fishers Lane W4 1YA
335,000
12/10/2018 33 Kinnaird Avenue W4 3SH
1,610,000
12/10/2018 Flat 3 62 Fairlawn Grove W4 5EH
460,000
12/10/2018 148 Sutton Court Road W4 3HT
2,250,000
11/10/2018 Flat 1 77 Dukes Avenue W4 2AQ
290,000
10/10/2018 56 Somerset Road W4 5DN
1,010,000
10/10/2018 9 Clovelly Road W4 5DU
499,995
09/10/2018 53 Fielding Road W4 1HP
1,270,000
09/10/2018 Flat A 11 Upham Park Road W4 1PQ
800,000
09/10/2018 Flat 3 34 Priory Avenue W4 1TY
585,000
08/10/2018 112 Sutton Court W4 3EE
850,000
05/10/2018 84 Netheravon Road W4 2NB
995,000
05/10/2018 69 Edensor Gardens W4 2RB
340,000
05/10/2018 Flat 1 12 Arlington Gardens W4 4EY
842,000
05/10/2018 Apartment 21 500 Chiswick High Road W4 5AG
755,000
04/10/2018 21 Ernest Gardens W4 3QU
700,000
04/10/2018 74B St Albans Avenue W4 5JR
820,000
03/10/2018 10 Kingswood Road W4 5ET
685,000
02/10/2018 39 Grantham Road W4 2RT
1,050,000
01/10/2018 78 Southfield Road W4 1AZ
585,000

 

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Source: Land Registry

January 7, 2019

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