Market update: Average price of a property in Chiswick
Mar 7, 2025
The average price of a property sold in Chiswick declined by a fifth during 2024 according to the latest figures released by the Land Registry, and reported on local news website ChiswickW4.com
Fourth quarter results show hardly any larger family property sales were registered resulting in the average decline in value. However, (when considered in isolation) the average price of a flat or terraced house in the W4 post code area, has risen over the year by more than 5%.
The shift of the balance of sales towards flats has brought the overall average down to £752,651. Whereas prices have hovered around the £1m mark for the last few years, including during the pandemic.
CHISWICK NO LONGER IN TOP TWENTY LONDON POSTCODES
Ranked by average price, Chiswick has dropped out of the top twenty London postcodes, behind Barnes, St. John’s Wood, Fulham, and Hammersmith. The latest numbers are likely to be subject to revision as more sales are recorded.
No transaction involving a house priced at over £2.8million has been reported since last August when 2024's most expensive sale was made on Hartington Road. This was a six-bedroom home with a garden leading down to the Thames that sold for £4,650,000.
Christian Harper at Harpers of Chiswick: “It appears that the Land Registry figures dovetail with my predictions for the Q1 2025 market. I am delighted to report that we have been pleasantly surprised with a positive attitude towards buying rather than window shopping.
"Both Leasehold and Freehold markets are active and some could be described as buoyant. However we have found the +£3m Black Book (off market, discreet marketing) brisk, in terms of initial interest but fairly sticky and frankly hard work!
"I would suggest that economic uncertainty, plans to leave the UK and VAT on school fees, all play a part. As does the outlook, ‘unless it's perfect and fairly priced, we will leave it’."
LEASEHOLD CONTINUES TO BE MORE COMPLEX
"Interest rates pay a significant part in demand from first time buyers. It a bit of a seesaw currently, but demand is stronger than in the 'murky' past. In terms of transaction speed, the government really need to look at how Leaseholds can be bought and sold more easily.
"In our business, we estimate it takes five times the amount of direct involvement to sell a Leasehold property, rather than a Freehold one. Partially down to incorrect paperwork and missing documents. In addition, solicitors appearing to have a thirst for more and more indemnity/protection for every aspect of the transaction.
"The phrase 'take a view' appears to be a relic from a bygone era, rather than making a professional judgement on obvious outcomes for minor omissions/errors in most transactions."
