The latest official Land Registry figures as reported on ChiswickW4.com show that the average price of a home in Chiswick has reached a record high at over £1,000,000. Yet some local property experts are urging caution pointing out that improved public amenities and better public transport, particularly in those areas set to benefit from Crossrail, are leading to W4 potentially falling back in the ranking of top places to live in London.
The days when people moved to Chiswick and remained for generations appear to be over. Chiswick estate agent Christian Harper at
Harper Finn says the latest property sales show that at least half of Chiswick residents selling terraced houses, have made the decision to move out of the area rather than ‘trade up’ in W4.
Harper blames stamp duty and tightening mortgage criteria for the exodus of terraced house owners: "I doubt that Chiswick will be replaced as one of the most desirable residential areas in London however we shouldn't just sit back and let other areas take our demand. I do think that Chiswick needs to invest to protect its good name."
Will better amenities and public transport make Acton and Ealing better options?
"We rely on having good schools, bars and restaurants but we spend a lot of time on the tube. People now expect their location to provide a diversity of attractions. Ealing and Acton are both scheduled to get new cinemas for example. It's about time we had a cinema again!"
Estate agents in Ealing say they are seeing an influx of house hunters from Chiswick and further afield from areas such as Clapham seeking to jump on the Crossrail 'bandwagon'. This rail link is scheduled for completion in 2019.
Figures from the
Land Registry show that the average sale in the W4 postcode area took place at £1,010,753.
More.
ChiswickW4.com is a great site for detailed analysis of the Chiswick property market, including postcode price comparisons between Bedford Park, Corney Reach, Grove Park, Strand on the Green, Acton Green etc. To find out more, read the
full article,
