From over a million to under a hundred thousand

There has been a wide price range in properties sold in Acton according to recent figures. You could have picked up a flat in East Vale for £60,000 whereas a house on Cumberland Road went for £1,220,000 just a few days later. This was the 19th most expensive ever home sale recorded by the Land Registry in W3.

This makes it difficult to judge the direction of the market. The average price since the end of February is down to £345,434 but this may be falling because of an increased number of sales at developments like Bromyard House and Aldridge Court.

Acton property sales in the first quarter of this year were down by a third compared with the same period in 2010. Less than 100 transactions took place from January to March which is half the level seen five years ago. This is likely to remain a concern to developers who still have a large amount of inventory of unsold properties to sell locally.

However, this hasn't stopped new estate agents from seeing a gap in the market. Churchfield Road is home to new agent Aston Rowe and, according to owner Billy Rowe, the Acton property market is still buoyant, especially in the lettings market.

"We have now been open a number of weeks and early indications have surpassed all of our expectations. Both our sales and lettings departments are extremely busy at present with the levels of tenants and buyers registering reaching its highest point in 2011.

Due the surge in demand for rental properties, rental prices are at their highest point in memory. In sales the demand for flats from first time buyers is increasing by the week as lending requirements begin to become less restrictive and as we enter the summer months there is an increasing demand for family homes, with many families seeing this as a good time to upsize. Overall it seems a good time to be considering to sell or rent your property as the summer month's progress."

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 latest reported sales are given in the table below.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

A regular market review of the local property scene appears on the site. You can click here for the latest update and analysis.

If your agent is claiming to be marketing your property effectively and it doesn't appear on ActonW3.com it may be time to choose a new agent.

Properties Sold in Acton W3 - March 2011

Previous Property Sales in Acton

September 5, 2011