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Hammersmith Property News June 2018

Published: 27/06/2018

Which are the most expensive roads to live on in Hammersmith
We are all aware that some neighbourhoods command a premium over others, yet it's often the desirability of specific roads that makes all the difference. Whether it's because they have built their own favourable reputation over time or simply their proximity to amenities, transport or schools, some roads cost significantly more to live on than others.

This theme is replicated across the whole of the UK, from the Bishop's Avenue in north London, to Deansgate in Manchester and Little Aston in Birmingham. But everywhere must have a most expensive street even outside the big cities. So with that in mind, we looked for the most expensive roads in Hammersmith, and how much of a premium they command.

The most expensive street in our area is Abbotsbury Road with properties costing £6,110,000, 468.7 per cent more than the local average. This is followed by Hammersmith Road, where property prices average £5,947,000, 453.5 per cent more than the average. Both these areas have a winning formula of high quality housing stock and excellent location.

If you own a property on either of these roads you are in a strong selling position. But it's not just properties in these streets that are in demand; the average house price in Hammersmith has increased by 49 per cent over the last five years. It's clear there is a healthy demand for properties, no matter whereabouts in the area they are located.

Buy-to-let landlords in Hammersmith will be pleased to know that there are pockets of value all over our area. The dynamics which underpin the market mean there is no shortage of investment opportunities, whatever your budget. The rising demand for rental property has never been higher from tenants and we're here to make sure you succeed.

Hammersmith has a strong and healthy property market with buoyant demand levels. This means that now is a good time to own a property here, no matter where it's situated. If you would like to know more about the Hammersmith property market, give us a call, tweet, email or pop into our office for a friendly chat.

Sales levels in recent months by type
The property market fluctuates on a seasonal basis, and this is particularly the case for sales rates. This chart shows how the market has changed over the course of the last few months. The most recent periods are estimates based on the previous year’s pattern.

Fluctuations in prices over recent years
It won't come as any massive shock that houses are generally worth more than flats in our area. However, when it comes to the movements over time, these two broad types of property do not always behave similarly. Here we see how flats and houses have varied in price.

Commuting distances
Measuring commuting distance might seem a little obscure but it actually offers a particularly good insight into the character of any local housing market. For example, commuter towns tend to really come alive at the weekends but are quieter in the week. Areas where most people work locally will have a stronger community feel day-to-day.

For more help, advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958