TW8 Average Price Tumbles as Market Shifts West


Activity slows and moves away from the Kew Bridge area

Brentford Property Prices Double Over Last Five Years

The average price of a property sold in Brentford in the last three months of 2016 has tumbled as buyer interest moved to the west of the area.

The fall is probably not reflective of a general fall in prices but rather it is caused by cheaper flats to the west of Boston Manor Road being marketed more heavily than the more expensive ones in the Kew Bridge area. These riverside flats drove up the average price in the TW8 post code area earlier in 2016 when they made up nearly 80% of sales. More recently they have comprised under half of the transaction in the area.

At the same time the number of houses changing hands has also drop with just 8 being sold in the last three months of the year.

The average price in TW8 in the fourth quarter of 2016 fell to £411,664 having reached over £600,000 earlier in the year.

Brentford Property for sale and to rent

The Office of National Statistic's House Price Index is showing that the average price of a home sold in England and Wales was £219,544 in December 2016 up by 7.2%. Having been consistently above the levels seen in the rest of the country prices in London are now rising less quickly than the overall average and now stands at £484,000. This is the first time home values in the capital have underperformed the rest of the country since the financial crisis in 2008.

The number of property sales in England in October 2016, the latest figure available was down 34.5% year on year.

A list of properties sold in the Brentford area will appear in a forthcoming edition of the BrentfordTW8.com newsletter.

Brentford Property Prices - (October to December 2016)
Area Semi-det Sales Terrace Sales Flat/
mais
Sales Overall Ave Total Sales
TW8 0 0 0 578433 3 467095 31 476919 34
TW8 8 0 0 508850 2 358309 34 366672 36
TW8 9 0 0 470000 3 282667 6 345111 9
Total 0 0 520375 8 399415 71 411664 79

Change in Quarter

-10.9% 14.3% 24.0% 610.0% -6.5% 295.0%

Change in year

-17.3% 60.0% 39.4% 491.7% -17.4% 259.1%

Change in 3 years

19.6%
-27.3%
47.6%
610.0%
8.4%
229.2%
Change in 5 years 32.6% 60.0% 63.8% 1083.3% 25.0% 464.3%

Change in 10 years

71.2% -66.7% 62.7% 44.9% 49.8% -1.3%

 

Brentford Property Prices - (June to September 2016)
Area Semi-det Sales Terrace Sales Flat/
mais
Sales Overall Ave Total Sales
TW8 0 550000 1 626874 4 640724 68 638722 73
TW8 8 471250 2 485995 1 440814 11 448389 14
TW8 9 496333 3 584357 7 322150 10 440050 20
Total 496917 6 590332 12 580221 89 576684 107

Change in Quarter

-11.3% 200.0% -16.6% 20.0% -5.2% -38.2% -6.6% -31.4%

Change in year

13.9% 20.0% 3.7% -20.0% 12.4% -40.7% 11.2% -37.1%

Change in 3 years

17.7%
200.0%
44.6%
-55.6%
83.5%
23.6%
68.2%
5.9%
Change in 5 years 15.4% 20.0% 72.4% -36.8% 106.5% 89.4% 87.3% 50.7%

Change in 10 years

81.7% -50.0% 87.6% -68.4% 133.8% 45.9% 110.7% -3.6%

 

Where do I live? Brentford TW8 postcodes are divided into three sectors, TW8 0xx, TW8 8xx and TW8 9xx. Broadly speaking, TW8 0xx covers areas east of Boston Manor Road, TW8 8xx goes west of Boston Manor Road, whilst TW8 9xx covers the areas to the north of the A4.

Source: Land Registry

May 17, 2017