No sales at big local developments
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The average price of a Brentford property reported as sold so far this year is £299,265. This is above the levels seen in the final quarter of last year but local sales volumes remain very low with just 17 sales year to date. Other parts of London are seeing price recovery and improved transaction levels.
There have been no reported sales in major developments such as Firestone House and Beecham House so far this year leading to continued concerns that there is a large amount of unsold inventory depressing the local market,
In February, London's annual house price change according to the Land Registry index was a positive 11.9 per cent, which is an increase from last month's figure, and the fifth month in a row in which the movement has been positive. It was also the strongest growth of any region.
The average value of a property in London is now £333,394, which is a decrease from last month.
For the country as a whole there was an annual increase of 7 per cent. This is the fourth month in a row in which the annual movement has been positive. The monthly house price change is negative this month, at -0.3 per cent. This brings the average house price in England and Wales to £164,455.
The Rightmove House Price Index for February 2010 reveals that average asking prices increased by over £7,000 in the past month. This is the largest monthly increase since April 2007 and represents a year-on-year increase of 6.1%. In London they are showing the highest ever level of asking prices.
Miles Shipside, commercial director of Rightmove comments: "A price jump of over 3% is more comparable to the pre-credit-crunch boom-times. Sellers are setting their sights higher, and some agents are going along with them in order to win scarce instructions. Property for sale remains scarce in popular areas, but new supply to the market has to be priced at what buyers are willing and able to pay. An average increase of over 7,000 pounds may prove to be a bit too spicy for some buyers' tastes, now that economic constraints have forced them to develop a simpler palate."
The latest reported sales are given in the table below.
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.
Brentford Property Prices - January 2010
| Address | Price (£) |
Deed Date |
| 28, Augustus Close, TW8 8QE | 375,000 |
09/02/2010 |
| Otho Court, 68, Augustus Close, TW8 8PZ | 230,000 |
05/02/2010 |
| 57, Coates Walk, TW8 0LU | 245,000 |
04/02/2010 |
| 170, Whitestile Road, TW8 9NW | 225,000 |
29/01/2010 |
| Numa Court, 23, Justin Close, TW8 8QG | 300,000 |
22/01/2010 |
| 3, Pottery Road, TW8 0SE | 262,000 |
22/01/2010 |
| Ferry Quays, 5, Apartment 31, Ferry Lane, TW8 0AT | 287,000 |
22/01/2010 |
| Moorings House, Flat 6, Tallow Road, TW8 8EL | 366,000 |
15/01/2010 |
| 286, Lionel Road North, TW8 9QU | 345,000 |
14/01/2010 |
| 1, Apartment 49, Goat Wharf, TW8 0AS | 265,000 |
11/01/2010 |
| 106, Brook Road South, TW8 0PH | 270,000 |
08/01/2010 |
| Regatta Point, 38, Flat 13, Kew Bridge Road, TW8 0EB | 395,000 |
08/01/2010 |
| 7a, The Ride, TW8 9LB | 410,000 |
07/01/2010 |
| 71, Lower Flat, Mafeking Avenue, TW8 0NL | 210,000 |
06/01/2010 |
| 9, Hawthorn Hatch, TW8 8NX | 308,000 |
05/01/2010 |
| 32, Hamilton Road, TW8 0QE | 362,000 |
05/01/2010 |
| 1, Apartment 61, Town Meadow, TW8 0BQ | 232,500 |
04/01/2010 |
April 8, 2010