Dramatic fall in local house sales

Volumes tumble as prices stagnate in Chiswick

Related Links

NEW - Full listing of homes sold in Chiswick during the quarter

More Property Listings for W4 than anywhere else - Start your search for property here with close to 1,000 listings

Estate Agents in Chiswick

Faron Sutaria
Fletchers Estates
Winkworth
Featherstone-Leigh
Borthwicks

Average Chiswick property costs £407,648

Chiswick prices down 2.5% in the quarter to December 2004 (Land Registry)

Chiswick prices up 6.0% over the last year compared to a 6.2% rise for London and a 11.8% national increase

Chiswick's Royalty Hit Hard

Need a mortgage?
Participate
Sign up for our free weekly newsletter

Comment on this story on the

The latest set of figures from the Land Registry suggest a sharp fall in the number of transactions in the local property market. Home sales fell by over 30% compared to the same time last year.

With only 195 properties changing hands in a three month period the market is as quiet as it was during the period of uncertainty following the September 11th attack on the World Trade Centre. The rest of the country also saw a fall in volumes but not to the same extent as the local area.

Prices appear to be a mixed bag falling from the previous record breaking quarter but still up from the same time last year. Prices fell by an average 0f 2.5% during the quarter but once again this masks differing trends in various sectors of the market. Flat prices were off sharply but terraced houses staged a recovery.

The top end of the market appears quiet still though the three houses in the Bedford Park Area did sell for an average of £1.7 million.

The figures show that the average price of a Chiswick property is now £407,648. Compared to the same period last year prices are up by 6.0% though this continues to lag both the trend in London and the rest of the country.

Stephen Rodgers of local property finance specialist Berkeley Consultants commented, "Although Chiswick is experiencing typical down valuations within the remortgage market, purchased property does not seem to be having the same problem. This would suggest to me that agents are valuing accurately at the moment."

Anecdotally the market share of the smaller local agencies seems to be increasing with the larger chains losing out in the more difficult market. There are rumours that one national estate agent is considering withdrawing from the Chiswick market due to a lack of business in the area.

Property Price Data

Roughly speaking the post code sector areas are as follows:

1 - Bedford Park and the north side of the High Road

2 - The south side of the eastern end of the High Rd down to the river at Corney Reach

3 - The Grove Park area and over to Strand on the Green

4 - The west of Chiswick between the A4 and Chiswick High Rd - (a high concentration of flats)

5 - The north west of Chiswick - Acton Green mainly

Property Prices in Chiswick Oct-Dec 2004

Region/Area   Detached   Semi-Detached   Terraced   Flat/Maisonette   Overall
Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales
W4 1
1781666 3 0 0 658500 14 308727 10 653750 27
W4 2
0 0 879158 6 484163 19 233445 22 417230 47
W4 3
0 0 597100 15 463040 10 265336 23 410200 48
W4 4
0 0 523333 3 0 0 266141 23 295817 26
W4 5
0 0 477750 6 375588 17 233247 24 315945 47
Total   3 622265 30 490558 60 255343 102 407648 195

Property Prices in Chiswick Jul- Sep 2004

-Region/Area   Detached   Semi-Detached   Terraced   Flat/Maisonette   Overall
Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales
W4 1
0 0 957990 10 508888 20 278216 25 485692 55
W4 2
0 0 1035125 8 487801 27 341330 35 477116 70
W4 3
704750 6 613250 15 485758 23 242480 33 423396 77
W4 4
0 0 880833 3 0 0 268913 23 339519 26
W4 5
0 0 459325 6 394099 26 302829 51 342732 83
Total - 6 772812 42 466327 96 290617 167 417964 311

 

Property Prices in Chiswick Oct - Dec 2003

-   Detached   Semi-Detached   Terraced   Flat/Maisonette   Overall
Region/Area
Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales
W4 1 0 0 745650 15 542345 23 278806 36 455347 74
W4 2
0 0 805012 11 430188 26 268802 18 452335 55
W4 3
638750 4 613710 14 429264 14 233400 31 387175 63
W4 4
0 0 503580 5 0 0 234844 35 268436 40
W4 5
444333 3 386073 8 386441 18 245483 34 313078 63
Total - 7 646006 53 452154 81 251148 154 384500 295

Source: Land Registry

Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by ChiswickW4.com. Any use of these numbers should jointly attribute the Land Registry and ChiswickW4.com. Note these figures may differ slightly from numbers previously published on this site as the Land Registry has revised its historic data.

November 10, 2004