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House Prices in EC2Y

The average house price in EC2Y (London) is £873,000 using HM Land Registry data.

The average property price increased by £118,341 (-2.68%) over the last 5 years and increased by £23,712 (-0.5%) over the last 12 months.

Over the last year, there were 66 residential property sales – a decrease of 14 transactions (-21.21%) relative to the previous year. The majority of house sales (26) were in the £748,000 - £986,000 range. Then came properties in the £510,000 - £748,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 182 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-34,236 (-3%).

In Dec 24, there were 8 new estate agency instructions, 7 agreed home sales and 1 property price reductions.

5-Year Average Property Prices in EC2Y (London)

-2.68%

Property prices in London decreased by -2.68% 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 EC2Y (London) Over the Last Year

-0.5%

Property prices in London decreased by -0.5% 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.

Property Market Heat Gauge for EC2Y (London) - Dec 24

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 EC2Y (London)

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 EC2Y (London)

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 EC2Y (London)

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 EC2Y (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the EC2Y postcode area since 1995.

Recent Sales in EC2Y (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 23, Thomas More House, Barbican, London, Greater London, EC2Y 8BT	£830,000	£805,000	-£25,000	03 Jun 2024	30 Sep 2024	119 Days
Flat 402, Gilbert House, Barbican, London, Greater London, EC2Y 8BD	£1,500,000	£1,428,000	-£72,000	22 Feb 2024	20 Sep 2024	211 Days
921 Frobisher Crescent, London, Greater London, EC2Y 8HD	£775,000	£700,000	-£75,000	01 Mar 2016	21 Aug 2024	3095 Days
Flat 78, Speed House, Barbican, London, Greater London, EC2Y 8AU	£795,000	£788,000	-£7,000	30 Oct 2023	05 Aug 2024	280 Days
Flat 527, Ben Jonson House, Barbican, London, Greater London, EC2Y 8NH	£525,000	£510,000	-£15,000	05 Jan 2024	01 Aug 2024	209 Days
Flat 405, Bryer Court, Barbican, London, Greater London, EC2Y 8DE	£550,000	£550,000	£00	04 Apr 2024	12 Jul 2024	99 Days
Flat 181, Andrewes House, Barbican, London, Greater London, EC2Y 8BA	£895,000	£865,000	-£30,000	11 Jul 2023	28 Jun 2024	353 Days
Flat 306, Ben Jonson House, Barbican, London, Greater London, EC2Y 8NQ	£750,000	£730,000	-£20,000	24 Nov 2023	20 Jun 2024	209 Days
Flat 39, Defoe House, Barbican, London, Greater London, EC2Y 8DN	£875,000	£865,000	-£10,000	18 Nov 2023	30 May 2024	194 Days
Flat 108, Bryer Court, Barbican, London, Greater London, EC2Y 8DE	£525,000	£517,500	-£7,500	02 Oct 2023	30 May 2024	241 Days
Flat 86, Defoe House, Barbican, London, Greater London, EC2Y 8DN	£950,000	£945,000	-£5,000	30 Oct 2023	24 May 2024	207 Days
Flat 5, Thomas More House, Barbican, London, Greater London, EC2Y 8BT	£950,000	£935,000	-£15,000	19 Jan 2024	24 May 2024	126 Days
Flat 119, Thomas More House, Barbican, London, Greater London, EC2Y 8BU	£720,000	£720,000	£00	05 Sep 2023	22 Apr 2024	230 Days
Flat 214, Gilbert House, Barbican, London, Greater London, EC2Y 8BD	£995,000	£980,000	-£15,000	13 Feb 2024	12 Apr 2024	59 Days
Flat 192, Shakespeare Tower, Barbican, London, Greater London, EC2Y 8DR	£1,825,000	£1,825,000	£00	27 Nov 2023	26 Mar 2024	120 Days
Flat 52, Thomas More House, Barbican, London, Greater London, EC2Y 8BT	£975,000	£967,500	-£7,500	21 Jun 2023	08 Mar 2024	261 Days
Flat 81, John Trundle Court, Barbican, London, Greater London, EC2Y 8NE	£475,000	£445,000	-£30,000	11 Sep 2023	23 Feb 2024	165 Days
Flat 72, Cromwell Tower, Barbican, London, Greater London, EC2Y 8DD	£1,400,000	£1,350,000	-£50,000	08 Aug 2023	22 Feb 2024	198 Days
Flat 232, Shakespeare Tower, Barbican, London, Greater London, EC2Y 8DR	£1,795,000	£1,760,000	-£35,000	15 Sep 2023	17 Jan 2024	124 Days
Flat 602, Mountjoy House, Barbican, London, Greater London, EC2Y 8BP	£1,150,000	£1,148,000	-£2,000	22 May 2023	16 Jan 2024	239 Days

Most Expensive Streets in EC2Y (London)

Postcode	Street	Area	Average	No. of Sales
EC2Y 8BJ	The Postern	London	£2,340,000	4
EC2Y 8NB	Cromwell Tower, Barbican	London	£2,185,721	4
EC2Y 8NA	Lauderdale Tower, Barbican	London	£1,721,875	4
EC2Y 8NJ	Shakespeare Tower, Barbican	London	£1,685,200	5
EC2Y 8BY	Lauderdale Tower, Barbican	London	£1,682,500	16
EC2Y 8DR	Shakespeare Tower, Barbican	London	£1,639,500	10
EC2Y 8DD	Cromwell Tower, Barbican	London	£1,617,500	11
EC2Y 9BB	Moor Lane	London	£1,583,333	3
EC2Y 8BE	Brandon Mews, Barbican	London	£1,124,364	4
EC2Y 8BD	Gilbert House, Barbican	London	£1,030,583	18

Least Expensive Streets in EC2Y (London)

Postcode	Street	Area	Average	No. of Sales
EC2Y 8DY	Fann Street	London	£457,750	4
EC2Y 8DJ	John Trundle Court, Barbican	London	£486,000	7
EC2Y 8DE	Bryer Court, Barbican	London	£517,333	9
EC2Y 8NE	John Trundle Court, Barbican	London	£559,166	9
EC2Y 8DQ	Breton House, Barbican	London	£563,888	9
EC2Y 8PQ	Breton House, Barbican	London	£567,142	7
EC2Y 8NQ	Ben Jonson House, Barbican	London	£592,884	13
EC2Y 8DL	Ben Jonson House, Barbican	London	£629,771	8
EC2Y 8AH	Bridgewater Square	London	£634,898	6
EC2Y 9AP	Moor Lane	London	£691,500	7