The new office will occupy the corner position at 45 Turnham Green Terrace, and will bolster their presence as sales and lettings experts in the W4 area. The team will continue to be led by Branch Manager Julian Masson and Lettings Manager Laura Purvor.
Plans to expand operations were initiated by the growth in local demand. John D Wood & Co. has seen a 67%* increase in people looking to buy within reach of W4.
Despite market challenges such as the cost of living crisis and rising interest rates, the demand for family houses continues. The price of detached family homes in Chiswick has increased by 16.2% while semi-detached houses have increased by 27.4% on average in the last 12 months** – John D Wood & Co. has seen an average of 20+* viewings per property, demonstrating the demand in the market.
Julian Masson, Branch Manager at John D Wood & Co. says: “The increase in demand for homes, combined with a lack of supply means the sales property market in Chiswick is extremely competitive – the vast majority of the properties we have listed both on and ‘off-market’ are achieving impressive offers, at or above their asking price. Sellers who have been prepared to break their chain and move into temporary rented accommodation or found alternative arrangements have capitalised on motivated buyers.”
The lettings market continues to boom despite its own challenges; the level of available property supply continues to plummet, pushing rents soaring.
Laura Purvor, Lettings Manager at John D Wood & Co. says, “Our landlords have benefitted from our ‘open house’ style viewings when their properties become available. With the increased competition amongst tenants often leading to multiple offers, and these offers frequently going over the initial asking price, this has also given landlords the opportunity to choose tenants from a highly competitive selection.”
Simon Merson, Associate Director at John D Wood & Co. says, “We are delighted to announce our move across the Terrace to much larger, and newly refurbished office in Chiswick. It is in a more prominent location, where we feel even better placed to serve past, current and future clients while our business continues to grow.”
*Data source: John D Wood & Co. internal data, 2022
**Data source: John D Wood & Co. internal data, 2022 powered by ResiAnalytics