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House Prices in NW3

The average house price in NW3 (London) is £1,145,119 using HM Land Registry data.

The average property price increased by £189,941 (7.58%) over the last 5 years and increased by £38,058 (1.31%) over the last 12 months.

Over the last year, there were 403 residential property sales – a decrease of 152 transactions (-37.72%) relative to the previous year. The majority of house sales (165) were in the £510,000 - £1,018,000 range. Then came properties in the £1,018,000 - £1,526,000 range, where 80 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 117 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-82,411 (-3%).

In Oct 24, there were 180 new estate agency instructions, 98 agreed home sales and 103 property price reductions.

5-Year Average Property Prices in NW3 (London)

7.58%

Property prices in London increased by 7.58% 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 NW3 (London) Over the Last Year

1.31%

Property prices in London increased by 1.31% 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 NW3 (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 NW3 (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 NW3 (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 NW3 (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 NW3 (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NW3 postcode area since 1995.

Recent Sales in NW3 (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat A, 47, Gayton Road, Hampstead, London, Greater London, NW3 1TU	£3,000,000	£700,000	-£2,300,000	10 May 2024	27 Aug 2024	109 Days
Flat 16, Glenloch Court, Glenmore Road, London, Greater London, NW3 4DD	£850,000	£820,000	-£30,000	13 Nov 2023	16 Aug 2024	277 Days
Ground Floor Flat, 14, Kidderpore Gardens, London, Greater London, NW3 7SR	£3,499,950	£1,477,500	-£2,022,450	02 Oct 2020	15 Aug 2024	1413 Days
Flat 119, Visage Apartments, Winchester Road, London, Greater London, NW3 3NE	£655,000	£650,000	-£5,000	31 Jan 2024	09 Aug 2024	191 Days
Flat 95, Hillfield Court, Belsize Avenue, London, Greater London, NW3 4BE	£1,095,000	£985,000	-£110,000	03 Aug 2020	06 Aug 2024	1464 Days
Flat 10, Hillfield Mansions, Haverstock Hill, London, Greater London, NW3 4QR	£995,000	£960,000	-£35,000	02 Feb 2024	02 Jul 2024	151 Days
Bay Tree Cottage, Sandy Road, London, Greater London, NW3 7EY	£1,350,000	£1,350,000	£00	17 Apr 2024	01 Jul 2024	75 Days
Flat 44, Belsize Court, Wedderburn Road, London, Greater London, NW3 5QH	£1,170,000	£1,137,500	-£32,500	09 Jan 2024	25 Jun 2024	168 Days
1 Trinity Close, London, Greater London, NW3 1SD	£2,795,000	£2,725,000	-£70,000	14 Mar 2024	21 Jun 2024	99 Days
40 Mansfield Road, London, Greater London, NW3 2HT	£750,000	£700,000	-£50,000	09 Feb 2024	14 Jun 2024	126 Days
1a, Branch Hill, London, Greater London, NW3 7LT	£400,000	£360,000	-£40,000	18 Apr 2024	30 May 2024	42 Days
20a, Willoughby Road, London, Greater London, NW3 1SA	£875,000	£760,000	-£115,000	03 Oct 2023	24 May 2024	234 Days
Flat 10, Giles Building, Upper Hampstead Walk, London, Greater London, NW3 1DE	£1,225,000	£1,200,000	-£25,000	23 Feb 2024	21 May 2024	88 Days
19a, Langland Gardens, London, Greater London, NW3 6QE	£1,500,000	£1,495,000	-£5,000	13 Jul 2023	10 May 2024	302 Days
20 Church Row, London, Greater London, NW3 6UP	£4,850,000	£4,200,000	-£650,000	19 Sep 2023	07 May 2024	231 Days
Flat 3, Belsize Court, Wedderburn Road, London, Greater London, NW3 5QL	£1,100,000	£1,075,000	-£25,000	09 Nov 2023	03 May 2024	176 Days
5b, Prince Arthur Road, London, Greater London, NW3 6AX	£4,500,000	£4,300,000	-£200,000	13 Mar 2024	02 May 2024	50 Days
Flat 67, Hillfield Court, Belsize Avenue, London, Greater London, NW3 4BG	£550,000	£520,000	-£30,000	07 Nov 2023	24 Apr 2024	169 Days
Flat 36, Avenue Mansions, Finchley Road, London, Greater London, NW3 7BA	£1,000,000	£995,000	-£5,000	21 Sep 2023	16 Apr 2024	208 Days
Flat B, 39, Frognal, London, Greater London, NW3 6YD	£1,499,950	£1,320,000	-£179,950	01 Oct 2022	05 Apr 2024	552 Days

Most Expensive Streets in NW3 (London)

Postcode	Street	Area	Average	No. of Sales
NW3 1BJ	Gainsborough Gardens	London	£10,512,500	4
NW3 3BU	Elsworthy Road	London	£8,693,750	4
NW3 3BS	Elsworthy Road	London	£8,168,333	3
NW3 7DH	Greenaway Gardens	London	£7,133,333	3
NW3 1SJ	Pilgrims Lane	London	£6,286,666	3
NW3 7UP	Elm Walk	London	£5,968,750	4
NW3 5NX	Lyndhurst Road	London	£5,670,000	3
NW3 7PH	Ferncroft Avenue	London	£5,437,500	4
NW3 1NR	Downshire Hill	London	£5,170,000	3
NW3 5SU	Maresfield Gardens	London	£4,950,000	3

Least Expensive Streets in NW3 (London)

Postcode	Street	Area	Average	No. of Sales
NW3 2XD	Isokon Flats, Lawn Road	London	£205,000	3
NW3 4RX	Romney Court, Haverstock Hill	London	£327,207	7
NW3 4TT	Holmefield Court, Belsize Grove	London	£328,983	6
NW3 3LZ	Fellows Road	London	£350,250	4
NW3 7AE	Studholme Court	London	£385,166	3
NW3 4XA	Gilling Court, Belsize Grove	London	£389,000	4
NW3 6HG	Finchley Road	London	£413,333	3
NW3 4LX	Howitt Close	London	£415,000	3
NW3 4XB	Gilling Court, Belsize Grove	London	£416,000	4
NW3 4TU	Holmefield Court, Belsize Grove	London	£433,250	6