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Wallis House revives activity in the local market

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In May only 15 properties sold at an average price of £340,293. The local property market is facing a key test with units from the Barrett's Wallis House, Great West Quarter development coming to the market.

In June 70% of properties sold in the local area were from this development with the top priced one going for over £500,000. So far only 23 of the units in the massive development have been sold so it remains to be seen whether the local can digest these flats plus all the others soon to come to the market.

Unfortunately for local estate agents many of these sales will be directly from the developer and other transactions locally are few and far between.

The average price of a Brentford home was down by 3.8% to £315,467 in the second quarter of this year compared to the first quarter when the market reached an all-time high. This still represents an 11.2% increase on the level seen in the same April to June period last year.

The long term trend now shows a very clear gap between price growth in houses and flats in the Brentford area. The average terraced house rose in price by 47.9% over the last five years compared with a rise of only 2% for flats.

The average house price in England and Wales stands at £180,781 in June, which is a decrease from last month. House prices in these two countries have fallen for ten consecutive months.

The numbers quoted are based on Land Registry data. The numbers are subject to revision as there are usually some properties that are added late to the Land Registry's database.

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.

Date  Address  Map Price 
30/05/08 Berkeley House, 7, Albany Road  TW8 0ND £184,000
29/05/08 38 Regatta Point, Flat 26, Kew Bridge Road  TW8 0EB £437,000
27/05/08 14, Clifden Road  TW8 0PF £525,000
23/05/08 31, Upper Flat, Mafeking Avenue  TW8 0NJ £231,000
23/05/08 68, Layton Road  TW8 0PU £305,000
23/05/08 Numa Court, 15, Justin Close  TW8 8QG £365,000
22/05/08 177a, Boston Manor Road  TW8 9LE £292,500
21/05/08 2, 1 Apartment, Town Meadow  TW8 0BZ £245,000
21/05/08 15, Birch Close  TW8 8NS £313,000
15/05/08 38 Regatta Point, Flat 51, Kew Bridge Road  TW8 0EB £312,000
15/05/08 14, Hamilton Road  TW8 0QE £444,000
12/05/08 5 Ferry Quays, 8 Apartment, Ferry Lane  TW8 0AT £415,000
09/05/08 54, Hamilton Road  TW8 0QF £446,388
01/05/08 Moorings House, Flat 42, Tallow Road  TW8 8EL £389,500
01/05/08 47, Brent Lea  TW8 8JD £200,000

October 23, 2008