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House Prices in NW1

The average house price in NW1 (London) is £476,911 using HM Land Registry data.

The average property price increased by £312,137 (-5.18%) over the last 5 years and increased by £62,542 (-0.99%) over the last 12 months.

Over the last year, there were 244 residential property sales – a decrease of 102 transactions (-41.80%) relative to the previous year. The majority of house sales (126) were in the £380,000 - £794,000 range. Then came properties in the £794,000 - £1,208,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-168,111 (-8%).

In Oct 24, there were 125 new estate agency instructions, 53 agreed home sales and 91 property price reductions.

5-Year Average Property Prices in NW1 (London)

-5.18%

Property prices in London decreased by -5.18% 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 NW1 (London) Over the Last Year

-0.99%

Property prices in London decreased by -0.99% 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 NW1 (London) - Oct 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 NW1 (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 NW1 (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 NW1 (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 NW1 (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NW1 postcode area since 1995.

Recent Sales in NW1 (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 130, Walker House, Phoenix Road, London, Greater London, NW1 1ER	£650,000	£625,000	-£25,000	17 Nov 2023	30 Jul 2024	256 Days
Suite 4, Dorset House, Gloucester Place, London, Greater London, NW1 5AB	£499,950	£400,000	-£99,950	02 Jun 2013	26 Jun 2024	4042 Days
Flat 25, Wellesley House, Churchway, London, Greater London, NW1 1LL	£600,000	£577,500	-£22,500	04 Oct 2023	23 May 2024	232 Days
Flat 9, Merrivale, Camden Street, London, Greater London, NW1 0LH	£300,000	£300,000	£00	03 May 2023	17 May 2024	380 Days
Flat 37a, Hanover Gate Mansions, Park Road, London, Greater London, NW1 4SL	£550,000	£525,000	-£25,000	22 Feb 2024	18 Apr 2024	56 Days
32a, Chalcot Square, London, Greater London, NW1 8YA	£925,000	£885,000	-£40,000	13 Jul 2023	10 Apr 2024	272 Days
136 Coopers Lane, London, Greater London, NW1 1HA	£620,000	£620,000	£00	09 Nov 2023	05 Apr 2024	148 Days
15 Arlington Road, London, Greater London, NW1 7ER	£2,295,000	£2,018,000	-£277,000	11 Oct 2023	27 Mar 2024	168 Days
30 Chalcot Road, London, Greater London, NW1 8LN	£4,850,000	£4,850,000	£00	24 Oct 2022	27 Mar 2024	520 Days
125 Castle Road, London, Greater London, NW1 8SU	£525,000	£525,000	£00	26 May 2023	27 Mar 2024	306 Days
Flat 4b, Oxford & Cambridge Mansions, Old Marylebone Road, London, Greater London, NW1 5EE	£699,999	£590,000	-£109,999	31 May 2023	22 Mar 2024	296 Days
37 Chester Close North, London, Greater London, NW1 4JE	£2,000,000	£1,850,000	-£150,000	07 Feb 2024	08 Mar 2024	30 Days
43 - 44, Cornwall Terrace Mews, London, Greater London, NW1 5LL	£1,395,000	£1,325,000	-£70,000	17 Jul 2023	23 Feb 2024	221 Days
3 Brunswick Place, London, Greater London, NW1 4PN	£7,950,000	£7,800,000	-£150,000	26 Oct 2023	14 Feb 2024	111 Days
25 Powlett Place, London, Greater London, NW1 8DR	£1,200,000	£1,175,000	-£25,000	26 Jun 2023	08 Feb 2024	227 Days
18 Ivor Street, London, Greater London, NW1 9PJ	£1,375,000	£1,250,000	-£125,000	02 Aug 2023	01 Feb 2024	183 Days
Flat 14, Wolcot House, Aldenham Street, London, Greater London, NW1 1PP	£435,000	£435,000	£00	28 Jul 2023	31 Jan 2024	187 Days
29 Barker Drive, London, Greater London, NW1 0JG	£445,000	£427,000	-£18,000	20 Jul 2023	26 Jan 2024	190 Days
20 Abingdon Close, London, Greater London, NW1 9UP	£650,000	£640,000	-£10,000	18 Aug 2023	12 Jan 2024	147 Days
Flat 12f, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BB	£1,250,000	£1,220,000	-£30,000	21 Dec 2023	05 Jan 2024	15 Days

Most Expensive Streets in NW1 (London)

Postcode	Street	Area	Average	No. of Sales
NW1 4ND	Chester Terrace	London	£9,333,333	6
NW1 4AE	Park Village West	London	£7,240,000	3
NW1 4JX	Cambridge Gate	London	£6,293,187	8
NW1 4QA	York Terrace West	London	£5,471,071	7
NW1 4AB	Albany Street, Regents Park	London	£4,733,333	3
NW1 8YA	Chalcot Square	London	£4,428,571	7
NW1 8YH	Rothwell Street	London	£4,269,720	4
NW1 7EE	Regents Park Terrace	London	£4,237,500	4
NW1 4HP	Cumberland Terrace	London	£4,060,000	4
NW1 7EG	Gloucester Crescent	London	£4,025,000	4

Least Expensive Streets in NW1 (London)

Postcode	Street	Area	Average	No. of Sales
NW1 9EG	Soane Court, St Pancras Way	London	£269,000	3
NW1 3RB	Harrington House, Harrington Street, London	London	£276,605	3
NW1 6BL	Ivor Court, Gloucester Place	London	£306,000	3
NW1 1HH	Chalton House, Chalton Street, London	London	£335,000	3
NW1 9AP	Cliff Court, Cliff Road	London	£337,999	4
NW1 4BU	Chester Court, Albany Street, London	London	£342,666	3
NW1 0JG	Barker Drive	London	£347,316	3
NW1 1BA	Eversholt Street	London	£355,405	3
NW1 0XG	Weavers Way	London	£357,500	6
NW1 9DY	Camden Road	London	£367,700	5