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.
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 |
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| 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
