Housing Needs Assessment 2006 - Westminster City Council

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Westminster – Housing Needs Assessment 2006Table A1.1 Average property prices by Local Authority (4th quarter 2005)(number of sales in brackets)PropertytypeWestminsterK & CWandsworthCamdenLambethBrentCitySouthwarkEngland & WalesDetached£1,761,000 - £1,386,533 - £543,166 £491,499 - £667,272 £293,248(5) - (15) - (24) (29) - (11) (5,425)Semi– £2,281,363 £2,471,000 £599,143 £1,309,241 £395,015 £338,054 - £416,907 £174,744detached (11) (10) (94) (30) (61) (187) - (67) (7,315)Terraced£1,085,436 £1,678,263 £440,577 £718,403 £356,178 £313,463 - £306,568 £149,906(92) (121) (459) (93) (307) (183) - (238) (8,453)Flat/£516,384 £528,120 £257,845 £344,182 £230,961 £202,114 £328,241 £248,255 £173,915maisonette (942) (575) (1,059) (669) (874) (391) (54) (669) (4,684)Overall £590,661 £752,760 £339,521 £424,680 £275,149 £270,709 £328,241 £278,496 £191,324average (1,050) (706) (1,627) (792) (1,266) (790) (54) (985) (25,876)Source: HM Land Registry, property price data, 2006The overall average price figures for each Borough (e.g. Westminster at £590,661) show that inmost Boroughs the property prices are notably more expensive than the England and Wales averageof £191,324. There is a degree of variation amongst the prices in the area. Brent has the lowest(£270,709) and Kensington & Chelsea has the highest (£752,760) average price.A1.9 Historical results for WestminsterWe will now examine in more detail information from the Land Registry for Westminster. The tablebelow shows data for sales over the last five years. The data for each case is the 4th quarter of theyear.PAGE 170
Appendix A1 Further property price informationTable A1.2 Average property prices in Westminster – 2000 to 2005 (4th quarters)(Number of sales in brackets)Property type 2000 2001 2002 2003 2004 2005DetachedSemi-detachedTerracedFlat/maisonetteOVERALL£1,455,718 £1,140,399 £1,452,335 - £1,859,600 £1,761,000(8) (14) (16) - (5) (5)£897,416 £587,839 £1,193,271 £1,321,228 £2,338,333 £2,281,363(12) (19) (10) (7) (6) (11)£918,697 £866,065 £802,800 £1,005,484 £1,074,716 £1,085,436(110) (130) (139) (146) (86) (92)£358,047 £357,847 £392,588 £411,229 £433,245 £516,384(1448) (1222) (1391) (1401) (960) (942)£406,796 £416,615 £445,276 £471,159 £502,998 £590,661(1,578) (1,385) (1,556) (1,554) (1,057) (1,050)Source: HM Land Registry, property price data, 2006The overall average sale price was roughly £81,000 higher in the 4th quarter of 2005 than the 4thquarter of 2004. Over the five year period prices have risen by an average of £183,865. The numberof sales was at its highest in 2000-2003, but has fallen by around 500 over the last 2 years.A1.10 Differences within Westminster(i) General methodologyThe general methodology is quite straightforward. We have drawn up a list of the main postcodesectors within the City, and mapped where these postcodes are. The table below gives a briefdescription of which postcodes apply to which areas of Westminster.It should be noted that the local authority boundaries are not always coterminous with postcodes.Therefore some properties in a postcode may be outside the area; in addition it is possible that someparts of the City are in a postcode zone that is predominantly located outside the Local Authorityarea, and are therefore excluded from analysis.This means that the data by sub-area is only a guide to actual variations within Westminster. Due tothe sheer amount of postcodes in the council area this table shows approximations of postcodesectors.PAGE 171
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CITY OF WESTMINSTER2006 HOUSING NEE
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First Surveys MarketResearch13 Darw
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A12. Where do you and your partner
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D SPECIAL NEEDSD1. Do you or any of
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edroom(s)F5. How many bedrooms woul
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a) b)Like ExpectDetached house.....
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