Summary of the most recent Chase Evans autumn sales and the latest (October 2023) house price data.

Chase Evans sales are progressing as expected at this time of the year, as most buyers look to complete their house purchases before the start of the festive season.

Affordability and higher interest rates are still major factors influencing the UK property sales sector which is recording fewer transactions. Also, a slight shift in sellers' attitudes to a ‘more cautious’ approach results in fewer properties for sale entering the autumn market.

According to Halifax, the October UK house prices recorded a 1.1% monthly rise, although on an annual level, the prices have declined 3.2%. The greatest fall was recorded in Southeast England, 6%.

·        The average UK house price in October 2023 was £281,974. London has the highest average house price in the UK: £524,057. In the last 12 months, the house price in the capital has fallen 4.6%.

·        The UK house prices remain around £40,000 above pre-pandemic levels.

Transaction levels, says Halifax, throughout the country remain subdued and expectations are low across regions for the industry which is not expecting major market trend changes in the next few months. 

Rightmove UK House Price Index for October 2023  

·         Lowest October asking price increase since 2008.

·         The number of sales agreed is 17% below this time last year.

·         The average London asking house price is £687,401.

See the most recent Rightmove House Price report HERE.

Recently Sold by Chase Evans:

Westworth House, Hammersmith, London W6

Guide Price: £315,000 L/H

This superbly built second-floor studio apartment/pied-a-terre is set in a recent, boutique development located close to the fantastic amenities of central Hammersmith. Tucked away on a side street, the property offers a light-filled accommodation with a modern and easy-maintenance interior featuring floor-to-ceiling glazing, wood flooring, stylish cabinetry, and plenty of storage. The living room opens out onto a very generous south-facing balcony/terrace.  The apartment is located near Kings Street with an excellent selection of shops, bars, and restaurants. Ravenscourt Park, Furnival Gardens and the Thames Path are a short distance away south. Two Hammersmith Underground Station are nearby running District, Piccadilly, Hammersmith & City and Circle Line trains.

For more sales in London W6 please contact:

(0)20 3773 6582, eandc.sales@chaseevans.co.uk

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 

Enderby Wharf, Greenwich, London SE10

Guide Price: £385,000 L/H

Enderby Wharf is a high-quality collection of contemporary properties in a tranquil riverside setting boasting great transport links with the historic Greenwich Village, Greenwich Peninsula and Central London. This one-bedroom property has approx. 551 Sq. ft / 51.2 sq. m. of open-plan, south-facing living space + a private balcony. The high-spec interior has wood floors, modern kitchen cabinetry, integrated appliances and a fully tilled bathroom. The estate provides concierge services and there is access to an onsite gym. The Thames Path leads directly to Greenwich Village to the west and to Greenwich Peninsula to the east. The path is dotted with local cafes and restaurants, and there is even a brewery nearby. The closest station is Maze Hill providing fast rail links to Greenwich town centre and London Bridge.

For more sales in London SE10 please contact:

(0)20 3468 9709, greenwich.sales@chaseevans.co.uk

 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

FiftySevenEast, Dalston, London E8

Guide Price: £625,000 L/H

FiftySevenEast is another recent London development in the vibrant Dalston district, an increasingly popular area neigbouring Shoreditch and Islington. This contemporary two-bedroom property has two balconies and measures internally approx.  746 sq. ft / 69.3 sq. m. The open-plan kitchen/living room extends onto a balcony. The second balcony is accessed from the main bedroom. There is a further double bedroom and a large family bathroom with both, the tub and shower. The development has concierge services and communal gardens and is located a short walk from Dalston Kingsland and Dalston Junction stations, with easy access to Shoreditch, the City, and West End. Dalston has a captivating, vibrant urban town vibe forged by the diversity and creative industries that dominate the area.

For more sales in London E8 please contact:

(0)20 3773 6582, eandc.sales@chaseevans.co.uk

---------------------------------------------------------------------------------------------------------------------------------------------------------------

Pan Peninsula, Canary Wharf, London E14

Guide Price: £625,000 L/H

Set in the iconic Pan Peninsula, this two-bedroom 18th-floor property occupies the enviable southerly corner of the East Tower affording spectacular views of Canary Wharf. The accommodation is open-plan and features floor-to-ceiling glazing, wood flooring, recessed lighting, comfort cooling, and a sliding door to a balcony. The master bedroom is ensuite, and there is a further double bedroom and a family bathroom. With a wealth of luxury facilities on site, Pan Peninsula is still the top Canary Wharf address for E14 professionals. There is a 24-hour concierge, a gym, a swimming pool, a resident’s business centre, and a cinema. The South Quay DLR station is nearby, and Jubilee Park and Canary Wharf Station are a short walk via the dock footbridge north. Elizabeth Line is two DLR stops away from the development.

For more sales in Pan Peninsula E14 please contact:

(0)20 4587 5179, panp.sales@chaseevans.co.uk