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Queen's Park Market Insight 2018

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Queen's Park Market Insight 2018 QUEEN’S PARK MARKET INSIGHT 2018 FIGURE 1 Property prices in Queen’s Park Achieved price, year to December 2017 FIGURE 2 Queen’s Park fact sheet Population: 153,991 Neasden Dollis Hill AVERAGE £PSF Willesden Green Year to December 2017 £840 West Hampstead Kilburn Year to December 2016 £835 Year to December 2015 £815 Brondesbury MAXIMUM £PSF Year to December 2017 £1,315 Year to December 2016 £1,280 Brondesbury Park Salusbury Road Year to December 2015 £1,400 Doyle Gar Kilburn venue Kingswood High Road A Source: Knight Frank Research / LonRes College road venue dens The A entham Kilburn Park BLUE PLAQUES Wr venue A Kensal Rise Willesden Junction Queen’s Park Amy Johnson Aviator Viscount Northcliffe Newspaper Proprietor Kensal Green STOCK BY PROPERTY TYPE Flat 71% l Up to £500,000 l £500,000 to £750,000 21% l £750,000 to £1,000,000 Terraced l £1,000,000 to £2,000,000 Source: Knight Frank Research / LonRes / Land Registry l £2,000,000-plus Semi-detached 6% 2% Prime Outer London Update Laura Dam Villena, Queen’s Park Office Head Detached Prices in prime outer London fell 2.2% “Prices in Queen’s Park and Kensal Rise rose on in the year to January as the market an annual basis until the middle of 2017. By the end AGE OF HOUSING STOCK continued to adjust to higher rates of the year, they had declined 8.7% as stamp duty 52% of stamp duty. However, leading related price adjustmentsContains OS data © rippled Crown Copy outwardsright and database from righ t 2017 Pre-1900 indicators of demand suggest that prime central London. However, with a 52% increase 1900-1939 19% recent declines may start to bottom in buyers registering and an 81% increase in viewings out. Knight Frank data shows there last year compared to 2016, there is still strong 1945-1972 9% was a 6% rise in the number of new demand for appropriately-priced high-quality homes. 11% prospective buyers in 2017 compared Recent competitive bidding suggests that the decline 1973-1999 to 2016. Meanwhile, viewings rose may be set to reverse and we are still seeing a steady 2000-present 9% 17% and the number of exchanges flow of buyers from prime central London areas Source: Knight Frank Research / Valuation Office Agency rose 11% year-on-year. including Notting Hill and St John’s Wood.” RESIDENTIAL RESEARCH QUEEN’S PARK SALES MARKET INSIGHT 2018 FIGURE 3 Achieved prices, two years to December 2017 (where available) £PSF map of Queen’s Park LONDON RESIDENTIAL Neasden NW2 6 Dollis Hill Willesden Green West Hampstead NW2 4 Kilburn Laura Dam Villena NW2 5 Queen’s Park Office Head Brondesbury +44 20 3815 3022 [email protected] Brondesbury Park NW6 7 Salusbury Road Doyle NW10Gardens 3 ue Kilburn ven Kingswood High Road A NW10 4 College r venue The A entham Kilburn Park Wr venue RESIDENTIAL RESEARCH oad A Kensal Rise Willesden Junction Queen’s Park NW6 6 Tom Bill Head of London Kensal Green Residential Research W10 4 +44 20 7861 1492 W9 3 [email protected] W9 2 PRESS OFFICE 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 Harry Turner +44 20 3861 6974 FIGURE 4 Sales volumes by neighbourhood [email protected] Year to October 2017 Year to October 2016 Year to October 2015 85 107 64 45 Important Notice 113 146 68 71 © Knight Frank LLP 2018 - This report is published for general information only and not to be relied upon 77 Contains OS data © Crown Copyright and database right 2017 103 104 135 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 NW10 3 NW2 4 NW2 6 NW6 6 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 122 158 119 41 represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this 141 78 144 137 report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and 73 226 content within which it appears. Knight Frank LLP is a 175 160 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 NW6 7 W10 4 W9 2 W9 3 a list of members’ names. Source: Knight Frank Research / LonRes FIGURE 5 Transaction volumes and pricing data Total sales Total sales (incomplete) Average price Maximum price 600 £800,000 5.5m 5m 4.9m 500 4.6m 4.3m 4m 3.4m 3.4m 3.6m 3.6m 3.4m 3.1m 3m 3m 3.3m 400 2.5m £700,000 300 Total sales 200 £600,000 Average price 100 0 £500,000 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 Source: Knight Frank Research / Land Registry / LonRes.
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