queen’s park market insight 2018 · 2018-02-27 · queen’s park kensal green kensal rise...
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Contains OS data © Crown Copyright and database right 2017
NeasdenDollis Hill
Willesden Green
KilburnWest Hampstead
Brondesbury
Brondesbury Park
Kilburn Park
Kilburn High Road
Queen’s Park
Kensal Green
Kensal Rise
College road
Doyle GardensWrentham
Avenue
The A
venu
e
Kingswood
Avenue
Willesden Junction
Salusbury Road
QUEEN’S PARK MARKET INSIGHT 2018 FIGURE 1 Property prices in Queen’s Park Achieved price, year to December 2017
Source: Knight Frank Research / LonRes / Land Registry
FIGURE 2 Queen’s Park fact sheet
AVERAGE £PSFYear to December 2017 £840Year to December 2016 £835Year to December 2015 £815 MAXIMUM £PSFYear to December 2017 £1,315Year to December 2016 £1,280Year to December 2015 £1,400
BLUE PLAQUES Amy Johnson AviatorViscount Northcliffe Newspaper Proprietor
Population: 153,991
AGE OF HOUSING STOCK
Pre-1900
1900-1939
1945-1972
1973-1999
2000-present
52%
19%
9%
11%
9%
l Up to £500,000
l £500,000 to £750,000
l £750,000 to £1,000,000
l £1,000,000 to £2,000,000
l £2,000,000-plus
Source: Knight Frank Research / LonRes
Source: Knight Frank Research / Valuation Office Agency
Prime Outer London Update Prices in prime outer London fell 2.2% in the year to January as the market continued to adjust to higher rates of stamp duty. However, leading indicators of demand suggest that recent declines may start to bottom out. Knight Frank data shows there was a 6% rise in the number of new prospective buyers in 2017 compared to 2016. Meanwhile, viewings rose 17% and the number of exchanges rose 11% year-on-year.
Laura Dam Villena, Queen’s Park Office Head “Prices in Queen’s Park and Kensal Rise rose on an annual basis until the middle of 2017. By the end of the year, they had declined 8.7% as stamp duty related price adjustments rippled outwards from prime central London. However, with a 52% increase in buyers registering and an 81% increase in viewings last year compared to 2016, there is still strong demand for appropriately-priced high-quality homes. Recent competitive bidding suggests that the decline may be set to reverse and we are still seeing a steady flow of buyers from prime central London areas including Notting Hill and St John’s Wood.”
STOCK BY PROPERTY TYPE
Flat
Terraced
Semi-detached
Detached
71%
21%
6%
2%
Important Notice © Knight Frank LLP 2018 - This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.
QUEEN’S PARK SALES MARKET INSIGHT 2018
RESIDENTIAL RESEARCH
LONDON RESIDENTIAL
Laura Dam Villena Queen’s Park Office Head +44 20 3815 3022 [email protected]
RESIDENTIAL RESEARCH
Tom Bill Head of London Residential Research +44 20 7861 1492 [email protected]
PRESS OFFICE
Harry Turner +44 20 3861 6974 [email protected]
0
100
200
300
400
500
600
Q1-
2014
Q2-
2014
Q3-
2014
Q4-
2014
Q1-
2015
Q2-
2015
Q3-
2015
Q4-
2015
Q1-
2016
Q2-
2016
Q3-
2016
Q4-
2016
Q1-
2017
Q2-
2017
Q3-
2017
Q4-
2017
Tota
l sal
es
£5m
£3.4m
£4.6m
£3.1m £3.4m
£5.5m
£3m£3.6m £3.6m
£3m
£4.3m£3.4m
£4.9m
£3.3m£2.5m
£4m
£500,000
£600,000
£700,000
£800,000
Ave
rage
pric
e
Source: Knight Frank Research / Land Registry / LonRes
FIGURE 5 Transaction volumes and pricing data
Contains OS data © Crown Copyright and database right 2017
NeasdenDollis Hill
Willesden Green
KilburnWest Hampstead
Brondesbury
Brondesbury Park
Kilburn Park
Kilburn High Road
Queen’s Park
Kensal Green
Kensal Rise
College road
Doyle GardensWrentham
Avenue
The A
venu
e
Kingswood
Avenue
Willesden Junction
Salusbury Road
NW10 4NW10 3
NW2 5
NW2 6
NW2 4
NW6 7
NW6 6
W10 4 W9 3
NW10 4NW10 3
NW2 5
NW2 6
NW2 4
NW6 7
NW6 6
W10 4 W9 3
W9 2W9 2
FIGURE 3 £PSF map of Queen’s Park Achieved prices, two years to December 2017 (where available)
Source: Knight Frank Research / LonRes
Year to October 2017 Year to October 2016 Year to October 2015
FIGURE 4 Sales volumes by neighbourhood
Source: Knight Frank Research / LonRes
l Up to £800 l £800 to £900 l £900 to £1,000 l £1,000 to £1,100 l £1,100-plus
NW6 6NW10 3
NW6 7 W10 4
NW2 4
103 135
175
77
226
104
85
122
45
158
107
119
W9 2 W9 3
NW2 6
68 146
78 137
71
141 144
64
113
73160
41
Total sales Total sales (incomplete) Average price Maximum price