Royal Oak House Prices Royal Oak House Prices

The average house price in Royal Oak is £3,754,600 using HM Land Registry data.

The average property price decreased by £83,816 (--6.45%) over the last 5 years and decreased by £16,752 (--1.36%) over the last 12 months.

Over the last year, there were 89 residential property sales – a decrease of 39 transactions (-43.82%) relative to the previous year. The majority of house sales (56) were in the £510,000 - £1,308,000 range. Then came properties in the £1,308,000 - £2,106,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 133 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-184,949 (-6%).

In April 2024, there were 44 new estate agency instructions, 8 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in Royal Oak

-6.45%

Property prices in Royal Oak decreased by -6.45% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Royal Oak Over the Last Year

-1.36%

Property prices in Royal Oak decreased by -1.36% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Royal Oak - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Royal Oak

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Royal Oak

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Royal Oak

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Royal Oak since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Royal Oak area since 1995.

Recent Property Sales in Royal Oak

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Westbourne Park Road, London, Greater London, W2 5PH£5,500,000£5,150,000-£350,00024 Apr 202301 Dec 2023221 Days
9a, Sunderland Terrace, London, Greater London, W2 5PA£1,485,000£1,400,000-£85,00012 Oct 202319 Oct 20237 Days
21a, Newton Road, London, Greater London, W2 5JR£4,000,000£4,000,000£0029 Mar 202302 Oct 2023187 Days
106 Hereford Road, London, Greater London, W2 5AL£4,950,000£4,500,000-£450,00017 Jun 202204 Jul 2023382 Days
106 Westbourne Park Road, London, Greater London, W2 5PL£3,500,000£3,250,000-£250,00003 Mar 202301 Jun 202390 Days
169d, Porchester Terrace North, London, Greater London, W2 6BJ£1,180,000£555,000-£625,00020 Dec 202212 May 2023143 Days
56 Chepstow Road, London, Greater London, W2 5BE£3,400,000£3,100,000-£300,00014 Oct 202202 May 2023200 Days
27 Artesian Road, London, Greater London, W2 5DA£3,995,000£3,450,000-£545,00029 Sep 202224 Apr 2023207 Days
57d, Hereford Road, London, Greater London, W2 5BB£635,000£575,000-£60,00020 Sep 201424 Jan 20233048 Days
55 Talbot Road, London, Greater London, W2 5JJ£4,850,000£4,730,000-£120,00031 Oct 202216 Dec 202246 Days
Upper Maisonette, 121, Westbourne Park Road, London, Greater London, W2 5QL£1,200,000£1,110,000-£90,00007 Jun 202201 Nov 2022147 Days
6 Alexander Mews, London, Greater London, W2 5NX£495,000£475,000-£20,00002 Mar 202203 Oct 2022215 Days
8 Alexander Mews, London, Greater London, W2 5NX£585,000£550,000-£35,00017 Mar 202205 Aug 2022141 Days
15 Vere Court, Westbourne Gardens, Bayswater, London, Greater London, W2 5PT£435,000£425,000-£10,00021 Sep 202104 Jul 2022286 Days
9 Courtnell Street, London, Greater London, W2 5BU£6,250,000£6,250,000£0028 Mar 202224 Jun 202288 Days
30 Chepstow Road, London, Greater London, W2 5BE£2,700,000£2,680,000-£20,00001 Feb 202224 Jun 2022143 Days
Flat 101, Ralph Court, Queensway, London, Greater London, W2 5HU£750,000£725,000-£25,00016 Feb 202217 Jun 2022121 Days
1 Kildare Gardens, London, Greater London, W2 5JS£5,500,000£5,350,000-£150,00025 Jan 202230 May 2022125 Days
1 Kildare Gardens, London, Greater London, W2 5JS£5,500,000£5,350,000-£150,00025 Jan 202230 May 2022125 Days
16a, Sunderland Terrace, London, Greater London, W2 5PA£1,395,000£1,300,000-£95,00005 Oct 202101 Apr 2022178 Days

Most Expensive Streets in Royal Oak

PostcodeStreetAreaAverageNo. of Sales
W2 5PHWestbourne Park RoadLondon£4,505,0005
W2 5BUCourtnell StreetLondon£4,339,4287
W2 5LTNewton RoadLondon£4,146,2963
W2 5ASNorthumberland PlaceLondon£3,765,0006
W2 5JTKildare TerraceLondon£3,672,5004
W2 5BSNorthumberland PlaceLondon£3,507,1427
W2 5SBMonmouth RoadLondon£3,409,3758
W2 5QSChepstow RoadLondon£3,195,8333
W2 5JRNewton RoadLondon£3,099,3333
W2 5ALHereford RoadLondon£3,041,9005

Least Expensive Streets in Royal Oak

PostcodeStreetAreaAverageNo. of Sales
W2 6JTWestbourne CourtOrsett Terrace£304,2504
W2 5PTWestbourne GardensBayswater£319,3005
W2 6HUGloucester TerraceLondon£391,42814
W2 5RGHatherley CourtHatherley Grove£419,3333
W2 5DSPeters CourtPorchester Road£428,7504
W2 5RDHatherley CourtHatherley Grove£498,3333
W2 5DTPeters CourtPorchester Road£506,6663
W2 6BNGloucester GardensLondon£507,4005
W2 6APPorchester SquareLondon£511,6666
W2 5SDWestbourne Grove TerraceLondon£518,3333

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