There isn't much that leafy Chiswick doesn't offer, with many of our buyers appreciating the area for its village atmosphere, good schools, range of period homes and array of restaurants and gastro pubs. The area appeals to a varied range of buyers including families, young professionals, Buy-to-Let investors and first time buyers.
New homes
Developers have realised just how popular Chiswick has become and are capitalising on the new homes market. Launching in spring 2015 is the highly anticipated Chiswick Point scheme, by developer Bellway Homes, and the Chiswick Gate development, by Berkley Group. When completed, Chiswick will benefit from over 250 new homes, which will go a long way to satisfying demand among first time buyers and Buy-to-Let investors. A large proportion of our buyers fall into this demographic and in October last year, one third of our purchasers were first time buyers, while a further 10% were Buy-to-Let investors.
Transport updates
Chiswick offers a good range of convenient transport links, including five stations– Stamford Brook, Turnham Green, Chiswick Park and Gunnersbury underground stations and Chiswick National Rail station. Turnham Green station will soon undergo a long awaited upgrade, which should help to increase Chiswick’s appeal amongst investors and young professionals. Trains will then offer a full service throughout the day at Turnham Green station, which is due for completion in 2022. In the meantime, commuters will benefit from new District line trains arriving this year and more frequent services from 2018.
Average property prices
Two bedroom garden flats typically start in price from around £600,000 and are ideal for young professionals and first time buyers. Those looking to settle down with a family may prefer the selection of two to three bedroom houses usually located in a good school catchment area and near green open spaces - these can range in price from around £800,000 to £1million. Four bedroom houses with a garden are perfect for a large family and usually start in price from around £1million. For savvy investors looking to take part in Chiswick’s growing popularity with the younger crowd, new homes tend to carry a good rental premium, on average around 5% to 10% (dependent on condition).
Rental market
Chris Clark, Lettings Manager of our Chiswick branch, comments: “Chiswick has become a fantastic area for rental opportunities, particularly for corporate tenants with an abundance of large companies situated at the Chiswick Business Park and along the A4. In addition, it is also ideally suited for commuting out of London with its proximity to the M4. One and two bedroom flats are the most in demand, with starting prices ranging between £1,300 per month and £1,600 per month for a one bedroom flat and £1,450 per month and £2,500 per month for a two bedroom flat, depending on condition. For a large family home with a garden, prices typically range from between £3,000 per month and £6,000 per month.”
If you are looking to buy, sell, let or rent in the area, contact our Chiswick branch today.
