Record breaking year for local property prices
The average price of a home in Ealing set new records in 2014 with both W5 and W13 breaking records and finishing above the half a million pound mark.
W5 prices rose by 35.4% over the year averaging £584,346 in the fourth quarter. In W13 prices were up by 5.1% to £533,966.
In December prices did moderate somewhat with the average falling to £528,821 in W5 on the basis of 50 sales, three of which were for over a million. The top priced property during the month was on Corringway changing hands for £1,495,000.
In the W13 post code area during December there were 30 sales at an average of £514,858. Two of these were for over a million pounds including a house on Colebrooke Avenue costing £1,180,000.
The December data from Land Registry's House Price Index shows that London remains the best performing property market in England and Wales. The average price of a home in the capital rose by 11.2% over the year to £403,972.
For the country as a whole prices rose by 4.4% which takes the average property value in England and Wales to £167,353. Repossession volumes decreased by 28 per cent in July 2013 to 1,187 compared with 1,645 in July 2012.
The most up-to-date figures available show that during October 2013 the number of completed house sales in England & Wales increased by 21 per cent to 71,929 compared with 59,213 in October 2012. The number of properties sold in England and Wales for over £1 million in October 2013 increased by 40 per cent to 913 from 651 in October 2012.
According to the RICS Residential Market Survey, the number of homes sold per chartered surveyor in London reached its highest point since October 2010 in December as the recovery in the capital’s property sector continued.
Over the festive period, the average number of transactions per surveyor in London, reached 16 - over treble that of the lowest point of the downturn back in February 2009 when respondents were selling a mere 6. With more sales now going through, growth in demand for rented accommodation has fallen again as a growing number of renters opt to test the sales market.
Meanwhile, with the amount of homes coming onto the market still nowhere near enough to meet the higher level of demand, prices continue to rise. In London during December, a net balance of 99 percent more chartered surveyors reported growing prices. Significantly, every area of the UK saw prices increase with London and the South East experiencing the biggest jumps.
Peter Bolton King, RICS Global Residential Director, commented: “The housing market is starting to thrive once more. Sales are at their highest level in almost six years and this is being reflected right across the UK. Growing availability of affordable mortgages has released some pent-up demand from a market that, in recent years, has seen many viable buyers unable to enter the market. On the face of it, this seems like good news but unless we see a marked increase in the number of homes coming up for sale we could well be looking at a price rises becoming unsustainable in some areas.”
The latest reported sales are given in the table below. The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
Properties Sold in the W5 Area in December 2013 |
||
|---|---|---|
| Deed Date | Address | Price |
| 24/12/2013 | 25, Thorpe Hall, Eaton Rise , W5 2HB | 262,000 |
| 23/12/2013 | 7 Greystoke Lodge, Hanger Lane , W5 1EW | 310,000 |
| 23/12/2013 | 1 Pendlewood Close , W5 1UB | 437,250 |
| 20/12/2013 | 23 Winscombe Crescent , W5 1AZ | 686,000 |
| 20/12/2013 | 21 Ainsdale Road , W5 1JY | 895,000 |
| 20/12/2013 | Flat 3, Mountwood House, 53 Mount Avenue , W5 1PN | 575,000 |
| 20/12/2013 | 105 Ealing Village , W5 2EB | 375,000 |
| 20/12/2013 | Flat 1, 15 Madeley Road , W5 2LA | 180,000 |
| 20/12/2013 | Flat 36, Longfield House 18-20, Uxbridge Road , W5 2SR | 355,000 |
| 20/12/2013 | 57 Corringway , W5 3AB | 1,495,000 |
| 20/12/2013 | 12 Boileau Road , W5 3AH | 890,000 |
| 20/12/2013 | 24 Byron Road , W5 3LL | 525,000 |
| 20/12/2013 | 49a Murray Road , W5 4XR | 350,000 |
| 20/12/2013 | Flat 2, Corrigan Court, Granville Gardens , W5 3PA | 320,000 |
| 19/12/2013 | 11 Creffield Road , W5 3HP | 420,000 |
| 19/12/2013 | 14 Hart Grove , W5 3NB | 890,000 |
| 19/12/2013 | 49 Little Ealing Lane , W5 4ED | 410,000 |
| 19/12/2013 | 2a Overdale Road , W5 4TT | 435,000 |
| 18/12/2013 | 86 Castlebar Park , W5 1BU | 699,950 |
| 18/12/2013 | 9, Gunnersbury Manor, Elm Avenue , W5 3XB | 826,500 |
| 18/12/2013 | 11 Lilac Gardens , W5 4LD | 475,000 |
| 18/12/2013 | 348 Windmill Road , W5 4UR | 720,000 |
| 17/12/2013 | 183 Windmill Road , W5 4DH | 775,000 |
| 16/12/2013 | 12 Harrow View Road , W5 1LZ | 700,000 |
| 16/12/2013 | 41 Harrow View Road , W5 1NA | 641,000 |
| 13/12/2013 | Flat 1, Wellington House, Western Avenue , W5 1EX | 250,000 |
| 13/12/2013 | 2 Hamilton Road , W5 2EQ | 565,000 |
| 13/12/2013 | 41 Western Gardens , W5 3RS | 1,195,000 |
| 12/12/2013 | 32d Windsor Road , W5 5PD | 440,000 |
| 12/12/2013 | 78 Ealing Village , W5 2EA | 315,000 |
| 12/12/2013 | Flat 25, Longfield House 18-20, Uxbridge Road , W5 2SR | 350,000 |
| 12/12/2013 | 99 Connell Crescent , W5 3BJ | 242,000 |
| 12/12/2013 | 35 Blondin Avenue , W5 4UL | 680,000 |
| 11/12/2013 | 79 Gordon Road , W5 2AL | 455,000 |
| 11/12/2013 | 15 Heathcroft , W5 3BY | 1,200,000 |
| 11/12/2013 | 11 St. Marks Road , W5 3JS | 636,636 |
| 11/12/2013 | 215 Windmill Road , W5 4DJ | 636,000 |
| 11/12/2013 | 23 Wellington Road , W5 4UJ | 865,000 |
| 10/12/2013 | 16 Greystoke Lodge, Hanger Lane , W5 1EW | 233,500 |
| 10/12/2013 | 7 Vine Place , W5 3JF | 390,000 |
| 10/12/2013 | 27 Willow Road , W5 4PD | 450,000 |
| 09/12/2013 | 1 Lothair Road , W5 4TA | 300,000 |
| 06/12/2013 | 52 Pinewood Grove , W5 2AG | 438,000 |
| 06/12/2013 | Flat 5, Gilbert Court, Green Vale , W5 3AX | 375,000 |
| 06/12/2013 | Flat 4, Cypress House, Alders Close , W5 4JF | 320,000 |
| 06/12/2013 | 41 Junction Road , W5 4XL | 262,500 |
| 05/12/2013 | 47 Ludlow Road , W5 1NX | 480,000 |
| 05/12/2013 | 44 Fairlea Place , W5 1SP | 328,000 |
| 04/12/2013 | Flat 1, 72 Grange Road , W5 5BX | 357,500 |
| 04/12/2013 | Flat 1, White Lodge, Castlebar Park , W5 1BX | 282,500 |
| 04/12/2013 | Flat 7, Curzon House, Castlebar Park , W5 1BZ | 325,000 |
| 04/12/2013 | 34 Barnfield Road , W5 1QT | 797,000 |
| 03/12/2013 | 7 Leopold Road , W5 3PB | 400,000 |
| 02/12/2013 | 81a Little Ealing Lane , W5 4ED | 340,000 |
Properties Sold in the W13 Area in December 2013 |
||
|---|---|---|
| Deed Date | Address | Price |
| 20/12/2013 | 4 Courtfield Gardens , W13 0EZ | 685,000 |
| 20/12/2013 | 52 The Knoll , W13 8HY | 592,800 |
| 20/12/2013 | 55 Langham Gardens , W13 8PZ | 355,000 |
| 20/12/2013 | 57 Glenfield Road , W13 9JZ | 325,000 |
| 20/12/2013 | 5 Broomfield Place , W13 9LB | 402,000 |
| 19/12/2013 | 128 Gordon Road , W13 8PJ | 825,000 |
| 19/12/2013 | 34 Melbourne Avenue , W13 9BT | 285,000 |
| 18/12/2013 | 3 College Road , W13 8LQ | 1,150,000 |
| 18/12/2013 | 32b Milford Road , W13 9HZ | 270,000 |
| 18/12/2013 | 5 Bonchurch Road , W13 9JE | 555,000 |
| 17/12/2013 | 2 Alderman House, Tewkesbury Road , W13 0BU | 272,000 |
| 17/12/2013 | Flat 53, Craig House, Hartington Road , W13 8QJ | 308,000 |
| 13/12/2013 | 28 Drayton Gardens , W13 0LQ | 673,000 |
| 13/12/2013 | 13 Kirchen Road , W13 0TY | 635,000 |
| 13/12/2013 | 126 Gordon Road , W13 8PJ | 785,000 |
| 12/12/2013 | 25 Colebrooke Avenue , W13 8JZ | 1,180,000 |
| 12/12/2013 | 179 Northfield Avenue , W13 9QT | 377,500 |
| 11/12/2013 | 25 Manor Road , W13 0JA | 417,500 |
| 11/12/2013 | Flat 5, Wilton House, 1 Alexandria Road , W13 0NP | 400,000 |
| 11/12/2013 | Flat 30, Luminosity Court, 49 Drayton Green Road , W13 0NW | 352,000 |
| 11/12/2013 | 53 Kent Avenue , W13 8BE | 839,950 |
| 11/12/2013 | Flat 21, Waterford Court, Leeland Terrace , W13 9HL | 230,000 |
| 11/12/2013 | 9a Seaford Road , W13 9HP | 360,000 |
| 11/12/2013 | 59 Haslemere Avenue , W13 9UH | 711,000 |
| 10/12/2013 | 46 Manor Road , W13 0JA | 395,000 |
| 09/12/2013 | 31 Drayton Road , W13 0LD | 375,000 |
| 09/12/2013 | 73 Felix Road , W13 0NZ | 445,000 |
| 09/12/2013 | 57 Balfour Road , W13 9TN | 600,000 |
| 06/12/2013 | 68 Langham Gardens , W13 8PZ | 375,000 |
| 04/12/2013 | Flat 31, Hyde House, Singapore Road , W13 0UP | 270,000 |
Source: Land Registry
Data in this report is subject to crown copyright protection.
October 20, 2014
|