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House Prices in NW7

The average house price in NW7 (London) is £502,920 using HM Land Registry data.

The average property price increased by £206,303 (-2.36%) over the last 5 years and increased by £41,243 (-0.44%) over the last 12 months.

Over the last year, there were 218 residential property sales – a decrease of 224 transactions (-102.75%) relative to the previous year. The majority of house sales (65) were in the £350,000 - £580,000 range. Then came properties in the £580,000 - £810,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-33,318 (-3%).

In June 2024, there were 103 new estate agency instructions, 52 agreed home sales and 38 property price reductions.

5-Year Average Property Prices in NW7 (London)

-2.36%

Property prices in London decreased by -2.36% 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 NW7 (London) Over the Last Year

-0.44%

Property prices in London decreased by -0.44% 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 NW7 (London) - June 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 NW7 (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 NW7 (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 NW7 (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 NW7 (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NW7 postcode area since 1995.

Recent Sales in NW7 (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
43 Shakespeare Road, London, Greater London, NW7 4BA	£799,950	£791,000	-£8,950	08 Jan 2024	10 May 2024	123 Days
16 Ellesmere Avenue, London, Greater London, NW7 3EU	£700,000	£690,000	-£10,000	26 Sep 2023	23 Apr 2024	210 Days
21 Goodwyn Avenue, Mill Hill, London, Greater London, NW7 3RJ	£589,950	£350,000	-£239,950	23 May 2023	12 Apr 2024	325 Days
26 Bampton Drive, London, Greater London, NW7 2AY	£750,000	£715,000	-£35,000	16 Aug 2023	12 Mar 2024	209 Days
75 Colenso Drive, London, Greater London, NW7 2EA	£749,950	£725,000	-£24,950	06 Jun 2023	07 Mar 2024	275 Days
11 Shakespeare Road, London, Greater London, NW7 4BA	£1,050,000	£985,000	-£65,000	23 Feb 2024	04 Mar 2024	10 Days
9 Shillingford Close, London, Greater London, NW7 1HQ	£425,000	£400,000	-£25,000	19 Sep 2023	20 Feb 2024	154 Days
90 Hale Drive, Mill Hill, London, Greater London, NW7 3ED	£660,000	£660,000	£00	20 Feb 2024	20 Feb 2024	0 Days
73 Hale Drive, Mill Hill, London, Greater London, NW7 3EL	£700,000	£670,000	-£30,000	21 Sep 2023	13 Feb 2024	145 Days
24 Aberdare Gardens, London, Greater London, NW7 1DT	£725,000	£698,000	-£27,000	30 Aug 2023	09 Feb 2024	163 Days
48 Ellesmere Avenue, London, Greater London, NW7 3EY	£849,950	£813,000	-£36,950	19 Oct 2023	29 Jan 2024	102 Days
85 Ellesmere Avenue, London, Greater London, NW7 3HB	£650,000	£650,000	£00	08 Sep 2023	25 Jan 2024	139 Days
2 Cheldon Avenue, London, Greater London, NW7 1GG	£900,000	£855,000	-£45,000	10 Jul 2023	25 Jan 2024	199 Days
154 Devonshire Road, London, Greater London, NW7 1DJ	£625,000	£624,999	-£01	26 Sep 2023	25 Jan 2024	121 Days
4 Sunnydale Gardens, London, Greater London, NW7 3PB	£1,150,000	£1,150,000	£00	06 Sep 2023	23 Jan 2024	139 Days
35 Wise Lane, London, Greater London, NW7 2RN	£825,000	£800,000	-£25,000	07 Jul 2023	22 Jan 2024	199 Days
47 Tithe Walk, London, Greater London, NW7 2PY	£899,950	£899,950	£00	05 Sep 2023	16 Jan 2024	133 Days
11 Aberdare Gardens, London, Greater London, NW7 1DS	£660,000	£640,000	-£20,000	31 Aug 2023	15 Jan 2024	137 Days
12 Glenwood Road, London, Greater London, NW7 4LJ	£925,000	£915,000	-£10,000	12 Dec 2023	15 Jan 2024	34 Days
22 Lyndhurst Avenue, London, Greater London, NW7 2AB	£899,950	£845,000	-£54,950	02 Jun 2023	12 Jan 2024	224 Days

Most Expensive Streets in NW7 (London)

Postcode	Street	Area	Average	No. of Sales
NW7 4HH	Nan Clarks Lane	London	£4,100,000	3
NW7 4PB	Abbey View	London	£3,875,000	3
NW7 4PP	Uphill Road	London	£3,363,000	5
NW7 4RB	Uphill Road	London	£2,811,250	4
NW7 2RS	Milespit Hill	London	£2,656,655	8
NW7 4PU	Uphill Road	London	£2,480,000	3
NW7 4LE	Marsh Lane	London	£2,285,000	3
NW7 2LH	Parkside	London	£2,197,500	4
NW7 2BD	Wise Lane	London	£2,016,666	3
NW7 1RS	The Ridgeway	London	£1,953,333	3

Least Expensive Streets in NW7 (London)

Postcode	Street	Area	Average	No. of Sales
NW7 1JT	Abercorn Road	London	£249,000	3
NW7 2JT	Damon House, Sylvan Avenue	London	£285,000	3
NW7 2BQ	Page Street	London	£303,725	4
NW7 3RX	Chasewood Court, Hale Lane	London	£316,666	3
NW7 3HL	Laleham Avenue	London	£320,000	4
NW7 3JN	Watford Way	London	£320,500	4
NW7 2DN	Rowlands Close	London	£323,500	9
NW7 2LD	University Close	London	£330,500	4
NW7 3RY	Grosvenor Court, Hale Lane	London	£333,125	4
NW7 1BX	Sanders Lane	London	£337,333	3