Rush to Snap Up Ex-Council Homes in W3

Buy-to-let investors keen on flats on South Acton estate

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Activity in the Acton property market seems to be switching to ex-local authority units with agents claiming strong investor interest in homes on the South Acton estate.

Of the 71 properties reported as sold to the Land Registry since the beginning of March over 20 were on the Bollo Bridge Road. This has driven the average sale price in the W3 post code area below the peak of over £400,000 seen at the end of last year but it does not appear to signify a general decline in prices.

Faisal Yousuf, of City Deal Estates said of the current local market, “Many of our overseas investors and professional landlords seek high yields; given limited supply and high prices, ex-local authority properties can represent good value. However, the risks associated with purchasing ex-local authority properties should be carefully considered.”

Agents are promoting former council homes with promises of 8%+ yields for buy to let purchasers and this has led to one unit in Charles Hocking House changing hands for over £400,000.

The most expensive property sold in Acton during this time was on Goldsmith Avenue costing £1,05,000.

acton w3 property

 

The April data from Land Registry's House Price Index shows that London remains the best performing property market in England and Wales. The average price of a home in the capital rose by 6.2% over the year to £375,795.

For the country as a whole prices only rose by 0.7% which takes the average property value in England and Wales to £161,458.

The most up-to-date figures available show that during February 2013, the number of completed house sales in England and Wales decreased by 3 per cent to 43,573 compared with 44,829 in February 2012.The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3 per cent to 488 from 475 in February 2012. London has seen a fall in repossessions which were down by 29% to 117 in February 2013 compared with the same month in 2012.

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/ April 2013
Deed date Address Price £)
26/04/2013 18 Goldsmith Avenue, W3 6HN
1,050,000
26/04/2013 31 Goldsmith Road, W3 6PX
500,000
25/04/2013 77 Valetta Road, W3 7TG
380,000
23/04/2013 181 Old Oak Common Lane, W3 7DW
500,000
22/04/2013 57b Summerlands Avenue, W3 6EW
315,000
12/04/2013 Flat 337, Bromyard House, Bromyard Avenue, W3 7BS
490,000
12/04/2013 Flat A, 29 Friars Place Lane, W3 7AQ
424,950
11/04/2013 42 Eastbourne Avenue, W3 6JW
425,000
05/04/2013 37 Grasmere Avenue, W3 6JT
575,000
05/04/2013 56 Beech Avenue, W3 7JZ
250,000
05/04/2013 120 Cotton Avenue, W3 6YG
224,950
03/04/2013 Flat 6, 11 Avenue Crescent, W3 8ET
350,000
03/04/2013 46a Petersfield Road, W3 8NY
290,500
02/04/2013 71 Princes Avenue, W3 8LX
585,000
02/04/2013 30b Burlington Gardens, W3 6BA
260,000
28/03/2013 34 Meon Road, W3 8AN
540,000
28/03/2013 32 Bollo Bridge Road, W3 8AT
350,000
28/03/2013 Flat 11, Charles Hocking House, Bollo Bridge Road, W3 8DA
350,000
28/03/2013 32 Birkbeck Road, W3 6BQ
330,000
28/03/2013 Flat 1, Springfield Court, Lynton Road, W3 9EA
240,000
26/03/2013 39 Dordrecht Road, W3 7TF
666,000
26/03/2013 Flat 1, Buckingham House, Monks Drive, W3 0EE
469,950
25/03/2013 Flat 10, 353 Uxbridge Road, W3 9RH
400,000
25/03/2013 Flat 65, Napier House, Bromyard Avenue, W3 7FF
375,000
25/03/2013 Flat 2, 79 Church Road, W3 8PX
230,000
22/03/2013 16 Baldwyn Gardens, W3 6HL
940,000
22/03/2013 82a Twyford Avenue, W3 9QF
760,000
22/03/2013 Flat 333, Bromyard House, Bromyard Avenue, W3 7BS
450,000
22/03/2013 Flat 31, Charles Hocking House, Bollo Bridge Road, W3 8DA
410,000
22/03/2013 Flat 27, Charles Hocking House, Bollo Bridge Road, W3 8DA
380,001
22/03/2013 Flat 23, Charles Hocking House, Bollo Bridge Road, W3 8DA
372,000
22/03/2013 Flat 15, Charles Hocking House, Bollo Bridge Road, W3 8DA
345,000
22/03/2013 Flat 7, Charles Hocking House, Bollo Bridge Road, W3 8DA
340,000
22/03/2013 22 Bollo Bridge Road, W3 8AT
330,000
22/03/2013 18 Bollo Bridge Road, W3 8AT
325,000
22/03/2013 30 Bollo Bridge Road, W3 8AT
325,000
22/03/2013 Flat 4, Charles Hocking House, Bollo Bridge Road, W3 8DA
325,000
22/03/2013 26 Bollo Bridge Road, W3 8AT
316,751
22/03/2013 8 Bollo Bridge Road, W3 8AT
315,000
22/03/2013 14 Bollo Bridge Road, W3 8AT
315,000
22/03/2013 Flat 9, Charles Hocking House, Bollo Bridge Road, W3 8DA
300,000
22/03/2013 12 Bollo Bridge Road, W3 8AT
250,000
22/03/2013 28 Bollo Bridge Road, W3 8AT
250,000
22/03/2013 Flat 13, Charles Hocking House, Bollo Bridge Road, W3 8DA
250,000
22/03/2013 20 Bollo Bridge Road, W3 8AT
242,000
22/03/2013 Flat 25, Charles Hocking House, Bollo Bridge Road, W3 8DA
235,000
22/03/2013 Flat 21, Charles Hocking House, Bollo Bridge Road, W3 8DA
232,000
22/03/2013 Flat 17, Charles Hocking House, Bollo Bridge Road, W3 8DA
230,000
22/03/2013 Flat 5, Charles Hocking House, Bollo Bridge Road, W3 8DA
230,000
21/03/2013 Flat 19, Charles Hocking House, Bollo Bridge Road, W3 8DA
380,000
18/03/2013 Flat 219, Bromyard House, Bromyard Avenue, W3 7BN
238,500
15/03/2013 11 Eastbourne Avenue, W3 6JR
499,999
15/03/2013 Flat 28, Bronte Court, Gunnersbury Lane, W3 8HF
316,000
15/03/2013 Flat 1, 37 Essex Road, W3 9JA
302,000
15/03/2013 Flat 10, York House, Grafton Road, W3 6PE
240,000
15/03/2013 Flat 33, Poulton Court, Victoria Road, W3 6EJ
170,000
14/03/2013 Flat 274, Bromyard House, Bromyard Avenue, W3 7BS
297,500
13/03/2013 Flat 94, Ebbett Court, Victoria Road, W3 6BX
247,500
08/03/2013 17 Summerlands Avenue, W3 6EN
550,000
08/03/2013 12 Lowfield Road, W3 0AY
440,000
08/03/2013 Flat 137, Trentham Court, Victoria Road, W3 6BF
217,000
08/03/2013 105 Cotton Avenue, W3 6YG
135,000
07/03/2013 60 Western Avenue, W3 7TY
400,000
07/03/2013 Flat 1, 79 Church Road, W3 8PX
240,000
06/03/2013 Flat 8, Emanuel Court, Emanuel Avenue, W3 6JP
211,000
04/03/2013 108 Princes Gardens, W3 0LJ
585,000
01/03/2013 12 Gunnersbury Crescent, W3 9AA
710,000
01/03/2013 83 Davis Road, W3 7SF
435,000
01/03/2013 179 The Vale, W3 7RW
270,000
01/03/2013 Flat 165, Napier House, Bromyard Avenue, W3 7FL
245,700
01/03/2013 50 Beechwood Grove, W3 7HY
135,000

 

Previous Property Sales in Acton

 

June 20, 2013

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