West London continues to be an attractive location in the eyes of investors and homebuyers as it’s revealed parts of West London achieved a higher than average percentage of properties selling within three months of being on the market.
According to data from LonRes, which measured activity between April and June of this year, 20.9% of properties in West London sold within the first three months, which compares with 9.4% of properties in East London.
The data from LonRes seems to suggest that property in West London is, on average, cheaper per square foot when compared with property in East London.
According to the figures, houses were approximately £250,000 cheaper in West London than in East London, while flats were approximately £240,000 cheaper in West London when compared with east.
This relative good value may partly be the reason why properties are selling more quickly in West London, and is good news for potential sellers and buyers.
West London has a lot to offer: plenty of parks and wide-open spaces, culture, entertainment, a strong sense of community, good transport links, and many attractions.
Indeed, The Sunday Times included three West London neighbourhoods in this year’s top 10 ‘Best Places to Live’ in London list. These neighbourhoods were Fulham, Notting Hill, and Richmond.
When choosing which parts of London should make the list, judges considered factors such as culture, the quality and variety of shops and amenities, community spirit, schools, and employment opportunities.
For further information, click the link below: