|Acton Property Sales - February 2012|
Huge range in prices achieved for local homes during the month
The latest official data for the Acton property market shows a wide range in the type of home that changed hands during February.
The most expensive property went for £1,375,000 in Avenue Crescent. This was the 16th most expensive home sale ever in W3. At the other end of the scale a flat in Ebbett Court, Victoria Road was sold for £75,000.
During the month 29 properties sold at an average price of £410,252, which is well above previous levels, although the relatively small number of transactions makes it difficult to reach a firm conclusion about the general direction of the market.
The February data from Land Registry's House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £161,588.
The region in England and Wales which experienced the highest increase in its average property value over the last 12 months is London with a movement of 4.2% to £354,300.
The most up-to-date figures available show that, during December 2011, the number of completed house sales in England and Wales increased by 8 per cent to 61,470 compared to 56,875 in December 2010. The number of properties sold in England and Wales for over £1 million in December 2011 decreased by 13 per cent to 488 from 559 in December 2010.
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 - February 2012
July 4, 2012