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Activity hits new lows in the TW8 area

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An already moribund local property market appears to have ground to a halt so far this year. Only 14 properties have been reported as sold.

These figures must make grim reading for the developers looking to sell large flat developments in the area. Anecdotal evidence suggests there are already a significant number of people who bought flats in the area to let them out who are now looking to off-load them in the secondary market.

There are also reports of developers offering flat units on a short term let basis and withdrawing them from sale.

The average sale price of a property in Brentford during the first three months of this year was £214,148 down by 34.7% on the same period in 2008. However, given the low number of transactions and the absence of any house sales, how representative this figure is can be questioned.

The Land Registry data for March for the country as a whole shows an annual house price change of -16.2%. This brings price levels back to those seen in August 2004.

London prices have fallen by 15.4 % to £299,613. Prices did rise slightly in March, the first time in a year the price index has seen a positive change.

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.

Property Sales in Brentford - January 2009

Address Price (£) Deed Date
8, Lateward Road, TW8 0PJ
215,000
25/03/2009
46, Whitestile Road, TW8 9NJ
248,250
12/03/2009
G10 Apartment, Wallis House, Great West Quarter, TW8 0HD
165,000
26/02/2009
127 Apartment, Wallis House, Great West Quarter, TW8 0HE
190,000
26/02/2009
Flat 160, Block B Paragon Site, Boston Park Road, TW8 9RP
120,000
24/02/2009
134 Apartment, Wallis House, Great West Quarter, TW8 0HE
300,000
23/02/2009
8, Springvale Avenue, TW8 9QH
250,000
16/02/2009
102, Manor Vale, TW8 9JN
220,000
12/02/2009
34 Apartment, 1, Goat Wharf, TW8 0AS
275,000
06/02/2009
32, Enfield Road, TW8 9PB
294,000
30/01/2009
Flat 1b, 55, Kew Bridge Road, TW8 0EW
200,000
29/01/2009
103 Apartment, Wallis House, Great West Quarter, TW8 0HE
120,074
22/01/2009
89, Boston Gardens, TW8 9LR
411,125
08/01/2009
203 Apartment, Wallis House, Great West Quarter, TW8 0HE
150,000
05/01/2009

 

May 19, 2009