Local home values and volumes make muted recovery
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Prices and volumes for Brentford property continued to recover in a muted fashion during July. The average price of a home changing hands was £292,066 and 27 transactions were made during the month.
Average prices in London as a whole were up by 0.9% in August according to the Land Registry, which brings them to £345,734. This is the sixth month in a row in which the capital's monthly movement has been greater than zero. Compared to August last year prices are up by 11.4% the strongest annual growth experienced by any region in England and Wales.
The Land Registry's House Price Index for August was up by 0.3% the fifth month in a row in which the movement has been positive. This changes the average property value in England and Wales to £167,423. The annual house price change has now remained positive for ten consecutive months, with a movement of 6.7% in August.
More recent figures from the Halifax House Price Index suggest that home values nationally fell back during September. These numbers are based on offer prices rather than actual achieved sale prices.
Commenting on the Halifax House Price Index, Simon Rubinsohn, Royal Institution of Chartered Surveyors chief economist said, “The latest numbers from Halifax provide further evidence that house prices are easing after the strong gains seen through the latter part of 2009 and the early part of 2010. That said, the 3.6 per cent drop in this index in September undoubtedly highlights the extent of the softer trend in prices. On a month by month basis, house prices are always going to display a degree of volatility and in an environment in which transactions activity is subdued this is going to be even more pronounced."
He added, “RICS expects prices to slip a little further over the coming months, but despite the prospect of public spending cuts we believe the risk of large house price falls remains relatively limited.
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 - July 2010
| Address | Price (£) |
Deed Date |
| Jantzen House, Apartment 205, Ealing Road, TW8 0GF | 118,200 |
30/07/2010 |
| Jessops Wharf, Flat 4, Tallow Road, TW8 8EH | 370,000 |
30/07/2010 |
| Otho Court, 59, Augustus Close, TW8 8PY | 199,000 |
30/07/2010 |
| Galba Court, 25, Augustus Close, TW8 8QT | 250,000 |
30/07/2010 |
| 55, Enfield Road, TW8 9PA | 385,000 |
30/07/2010 |
| Block B Paragon Site, Flat 62, Boston Park Road, TW8 9RN | 84,000 |
29/07/2010 |
| 83, Whitestile Road, TW8 9NR | 245,500 |
27/07/2010 |
| 62, Enfield Road, TW8 9PB | 415,000 |
27/07/2010 |
| Jantzen House, Apartment 506, Ealing Road, TW8 0GF | 158,700 |
26/07/2010 |
| Regatta Point, 38, Flat 6, Kew Bridge Road, TW8 0EB | 279,950 |
23/07/2010 |
| Victoria Court, 4 - 6, Flat 12, High Street, TW8 0DT | 392,000 |
21/07/2010 |
| 2, Apartment 30, Point Wharf Lane, TW8 0EA | 282,500 |
16/07/2010 |
| 13, Maple Grove, TW8 8NJ | 249,995 |
16/07/2010 |
| Dorey House, 45, High Street, TW8 8LD | 245,000 |
15/07/2010 |
| 24, Holland Gardens, TW8 0BE | 595,000 |
09/07/2010 |
| 1, Apartment 67, Town Meadow, TW8 0BQ | 265,000 |
09/07/2010 |
| 48, Brook Road South, TW8 0PH | 357,000 |
09/07/2010 |
| 34, Lateward Road, TW8 0PL | 370,000 |
08/07/2010 |
| 57, Enfield Road, TW8 9PA | 415,000 |
06/07/2010 |
| 51, Manor Vale, TW8 9JN | 195,000 |
05/07/2010 |
| 10, Grove Road, TW8 9NT | 393,000 |
05/07/2010 |
| Jantzen House, Apartment 204, Ealing Road, TW8 0GF | 99,000 |
04/07/2010 |
| Ferry Quays, 6, Flat 25, Ferry Lane, TW8 0BP | 312,000 |
02/07/2010 |
| Walnut Tree House, 4, Junction Road, TW8 9NN | 220,000 |
02/07/2010 |
| 75, Brook Road South, TW8 0NP | 299,950 |
02/07/2010 |
| 25, Orchard Road, TW8 0QX | 370,000 |
02/07/2010 |
| 10, Enfield Road, TW8 9NX | 320,000 |
01/07/2010 |
January 14, 2011