Property prices in Ealing stage a recovery
W5 16 £476,699
W13 12 £312,042
In the midst of turmoil in world financial markets the most recent figures on the local property market provide some crumb of comfort for Ealing home owners.
Despite the credit crunch having already started to bite during the Summer months the average price of homes in Ealing not only held firm but actually saw a strong rally. In W5 the average was up significantly so far in the third quarter to £474,221 approaching peak levels for the post code area.
A similar picture has emerged in the W13 area where prices recorded so far for the third quarter average £419,771 well up on the previous quarter.
Estate agents have generally tried to talk the market down in recent months because, whilst sellers have been reluctant to cut prices, buyers have been expecting to get bargains. As yet there appears to be little sign of distressed sellers so volumes of transactions have fallen dramatically leading to widespread lay offs at local agents.
Independent analysis of the local market suggests that demand for family homes remains strong in this area and, with many people still sitting on large equity gains from previous property purchases there are still enough buyers to support prices. With the sharp falls in world financial markets
In the second quarter the average property in the W5 post code area was £387,849 down 7.6% from a year ago according to the Land Registry figures. In W13 prices were down by 5.5% to £371,036.
The numbers are subject to revision as usually some properties are added late to the Land Registry's database.
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The data is derived from Land Registry figures.
Properties Sold in the W5 Area
Address | Price (£) | Deed Date |
1, Brunswick Gardens, W5 1AP | 420,000 |
27/11/2008 |
43, Ealing Village, W5 2LZ | 240,000 |
26/11/2008 |
13, Woodfield Crescent, W5 1PD | 382,000 |
24/11/2008 |
4, Priory Lodge, Castlebar Road, W5 2DE | 175,000 |
24/11/2008 |
21, Westville Grange, Westbury Road, W5 2LJ | 216,000 |
19/11/2008 |
Flat 3, Gilbert Court, Green Vale, W5 3AX | 249,500 |
18/11/2008 |
80, Grange Road, W5 3PJ | 940,000 |
14/11/2008 |
58, Castlebar Park, W5 1BU | 465,000 |
14/11/2008 |
Flat 10, 33 Berkeley Court, Gordon Road, W5 2AE | 310,000 |
12/11/2008 |
25, Westville Grange, Westbury Road, W5 2LJ | 285,000 |
11/11/2008 |
121, Fowlers Walk, W5 1BQ | 472,500 |
07/11/2008 |
19, Corfton Road, W5 2HP | 1,670,000 |
06/11/2008 |
15, 22 Parklands, Mount Park Road, W5 2RS | 247,180 |
06/11/2008 |
8, Hills Mews, W5 3RG | 765,000 |
06/11/2008 |
86, Fordhook Avenue, W5 3LR | 330,000 |
05/11/2008 |
23, Curzon Road, W5 1NE | 460,000 |
05/11/2008 |
Properties Sold in the W13 Area
Address | Price |
Date |
50, St Kilda Road, W13 9DE | 415,000 |
28/11/2008 |
62, Bellevue Road, W13 8DE | 470,000 |
28/11/2008 |
Flat 2, 133 Mayo Court, Northcroft Road, W13 9TA | 137,500 |
26/11/2008 |
Flat 24, Hastings House, Hastings Road, W13 8QZ | 126,000 |
24/11/2008 |
59, Felix Road, W13 0NY | 249,000 |
20/11/2008 |
25, Heronsforde, W13 8JE | 390,000 |
19/11/2008 |
Flat 65, Falcon House, Gurnell Grove, W13 0AE | 50,000 |
19/11/2008 |
25, Ridley Avenue, W13 9XW | 337,000 |
17/11/2008 |
26, Salisbury Road, W13 9TX | 450,000 |
12/11/2008 |
7, Ridley Avenue, W13 9XW | 320,000 |
11/11/2008 |
36, Alexandria Road, W13 0NR | 360,000 |
07/11/2008 |
9, Drayton Road, W13 0LD | 440,000 |
04/11/2008 |
Source: Land Registry
December 10, 2008