|Brentford Flats Back in Demand
But only ten houses sell in TW8 in last quarter of 2010
The recovery in flat sales seen at the end of last years has not been sustained in 2011 with only 20 flats sold in the Brentford area during the first three months of the year.
This is half of the level sold in the previous three months although above the same period last year.
Prices have risen with the average sale in TW8 back over £300,000 but given the low volumes it is difficult to reach a firm conclusion about the direction of the market. The sales of 4 semi-detatched properties during the month will have also have driven up the average.
Even so this still leaves the average price below the level of three years ago.
The numbers are likely to be a concern to developers who have a large inventory of flats to shift over the coming years.
House prices in London are now the only in the country that have risen compared with the same period last year. The Land Registry's House Price Index shows that the average price in the capital was £336,828 in March 2011 up by 0.8% compared to the same month last year.
For England and Wales the average price is now £160,996 down by 2.3% from March 2010. Prices in the north east have fallen by 9.3% and in Wales they are down by 7.2%.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
Brentford Property Prices - January - March 2011
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.
Source: Land Registry
June 23, 2011