Ealing Property Prices Hit Record Levels

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W5 area reaches new high but West Ealing prices up faster

The latest official figures show that property prices in the Ealing area are continuing to rise to new all-time highs.

Overall the W5 area has seen a rise of 11.5% over the last year but this is artificially boosted by the inclusion in the figures of the sale of the Kenton House Hotel which went for £3,555,000. This is the most expensive residential property ever sold in the Ealing area. We have adjusted the numbers to exclude this transaction and the average increase falls to 6.4%

The average property in the Ealing W5 area now costs £427,863 (or around £406,000 excluding Kenton House). This is the first time that the W5 property market has broken the £400,000 for an average price in a quarter.

Prices in West Ealing are increasing more rapidly than in W5. The average price of a property in the W13 area is now £355,624. This has increased by 9.5% in the last quarter and 9.7% over the last year.

Nationally properties were up by 8.3% over the last year to an average price of £178,423. London saw the highest rise for England and Wales in this period with the average property now costing £323,511 up by 11.6%

The data include sales that took place prior to March 31st and therefore will not show the impact of the recent rise in interest rates

The figures are taken from Land Registry data and this data is subject is subject to Crown Copyright.

The figures quoted above are subject to change as more properties are registered with the Land Registry.

Postcode Area: W5
Area	Detached	Sales	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Overall	Sales
W5 1	£0	0	£485,662	12	£456,791	18	£280,338	13	411502	43
W5 2	£1,579,700	5	£0	0	£0	0	£330,520	54	302510	59
W5 3	£1,006,666	9	£624,166	3	£390,750	4	£307,539	37	279518	53
W5 4	£0	0	£483,500	4	£385,112	31	£270,707	21	349238	56
W5 5	£857,750	4	£731,792	7	£512,571	7	£313,005	9	426948	27
Total	1132750	18	567576	26	421862	60	308756	134	427863	238

Post Code Area:W13
Area	Detached	Sales	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Overall	Sales
W13 0	£0	0	£434,290	5	£373,726	13	£209,343	16	305276	34
W13 8	£767,033	3	£688,800	10	£424,983	3	£233,055	17	437151	33
W13 9	£0	0	£463,499	10	£379,088	17	£232,289	24	326557	51
Total	767033	3	547778	25	381148	33	226076	57	351354	118

Data in this report is subject to crown copyright protection.

May 17, 2007