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Strand on the Green property goes for over £6 million
Big money buyers have been coming to the Chiswick property recently, leading one local agent to say there has been a "renaissance" in the market above the £3 million mark. There have been three sales since around the end of March and beginning of April which rank amongst the top ten most expensive of all time in W4. Prospect House on Strand on the Green (pictured on right) became the second most expensive property in Chiswick selling for £6,675,000. Dating to circa 1812 when the land was acquired by master builder Thomas Cubitt, the house has been listed by English Heritage (Grade II) as a property of historic interest. Sold to a professional couple by Savills, the stunning Georgian architecture makes the most of its setting, with 10 windows spanning 70 feet of riverbank and facing southwest across the river. Just a few days before this sale a house on Bedford Road in Bedford Park became the sixth dearest home in W4 costing its new owners £4,350,000 and a few days later Eyot Cottage on Chiswick Mall went for £4,000,000 - the ninth highest price ever in the area. Christopher Bramwell of Savills said the market above £3,000,000 was seeing "something of a renaissance" as landmark instructions attracted significant interest from buyers, either local up-sizers or international buyers taking advantage of the price differential from the sale of their central London properties. "Most of the people looking to live here are coming from Notting Hill or Holland Park and other more central locations. As these areas become increasingly popular with foreign buyers, we are seeing a trickle effect in these people now coming out West to Chiswick. We have just been instructed to market an elegant detached Grade II listed family house on a grand corner plot, among the finest in Bedford Park, with a guide price of £4,750,000. At the other end of the scale, we have commenced the marketing of 5 superb new build apartments near Gunnersbury ranging from £350,000 for a one bedroom flat to £495,000 for a three bedroom apartment."
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. If you want to receive regular updates on the Chiswick property market with informed comment from the best local agents sign up for our weekly e-mail newsletter by clicking here. ChiswickW4.com is the only place that you will find detailed analysis of the Chiswick property market. Over 10,000 property details are viewed on the site each month. April 2013 Property Sales in Chiswick
If you are a member of the site who has recently moved into one of these properties and do not wish to have the details displayed here just let us know and we will remove them. Source: Land Registry September 17, 2013
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