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House Prices in SW1P

The average house price in SW1P (London) is £691,666 using HM Land Registry data.

The average property price increased by £888,715 (-58.58%) over the last 5 years and increased by £178,070 (-20.55%) over the last 12 months.

Over the last year, there were 101 residential property sales – a decrease of 119 transactions (-117.82%) relative to the previous year. The majority of house sales (34) were in the £500,000 - £766,000 range. Then came properties in the £766,000 - £1,032,000 range, where 19 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 145 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-64,166 (-7%).

In Oct 24, there were 45 new estate agency instructions, 14 agreed home sales and 62 property price reductions.

5-Year Average Property Prices in SW1P (London)

-58.58%

Property prices in London decreased by -58.58% 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 SW1P (London) Over the Last Year

-20.55%

Property prices in London decreased by -20.55% 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 SW1P (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 SW1P (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 SW1P (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 SW1P (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 SW1P (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SW1P postcode area since 1995.

Recent Sales in SW1P (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 15, Admiral House, Willow Place, London, Greater London, SW1P 1JW	£550,000	£525,000	-£25,000	28 Mar 2024	15 Jul 2024	109 Days
Flat 49, Gainsborough House, Erasmus Street, London, Greater London, SW1P 4HX	£550,000	£530,000	-£20,000	26 Oct 2023	08 May 2024	195 Days
Flat 11, Leighton House, John Islip Street, London, Greater London, SW1P 4EA	£625,000	£618,000	-£7,000	12 Jul 2023	20 Mar 2024	252 Days
Flat 9a, Vincent House, Vincent Square, London, Greater London, SW1P 2NB	£1,150,000	£1,150,000	£00	21 Sep 2023	15 Feb 2024	147 Days
Flat 57, Marsham Court, Marsham Street, London, Greater London, SW1P 4JZ	£600,000	£600,000	£00	23 Aug 2023	26 Jan 2024	156 Days
Flat 83, Marsham Court, Marsham Street, London, Greater London, SW1P 4LA	£750,000	£735,000	-£15,000	28 Sep 2023	15 Jan 2024	109 Days
Flat 12, Westminster Gardens, Marsham Street, London, Greater London, SW1P 4JA	£1,325,000	£1,325,000	£00	21 Nov 2023	12 Jan 2024	52 Days
21 Maunsel Street, London, Greater London, SW1P 2QN	£2,370,000	£2,175,000	-£195,000	26 Oct 2023	18 Dec 2023	53 Days
Flat 2, Carlisle Mansions, Carlisle Place, London, Greater London, SW1P 1HX	£1,425,000	£1,175,000	-£250,000	30 Mar 2023	04 Dec 2023	249 Days
Flat 10, Hogarth House, Erasmus Street, London, Greater London, SW1P 4HS	£700,000	£652,500	-£47,500	08 Jun 2023	01 Dec 2023	176 Days
3c, Morpeth Terrace, London, Greater London, SW1P 1EW	£980,000	£840,000	-£140,000	06 Jan 2023	16 Nov 2023	314 Days
Flat 8, Brunswick Court, Regency Street, London, Greater London, SW1P 4AE	£675,000	£660,000	-£15,000	13 Oct 2022	03 Nov 2023	386 Days
Flat 65, Westminster Gardens, Marsham Street, London, Greater London, SW1P 4JG	£1,500,000	£1,270,000	-£230,000	25 Jan 2022	03 Nov 2023	647 Days
Flat 4a, Vincent House, Vincent Square, London, Greater London, SW1P 2NB	£1,295,000	£1,205,000	-£90,000	12 Jul 2023	03 Nov 2023	114 Days
Flat 21, Marsham Court, Marsham Street, London, Greater London, SW1P 4JY	£475,000	£440,000	-£35,000	15 Aug 2023	01 Nov 2023	78 Days
Flat 23, Probyn House, Page Street, London, Greater London, SW1P 4BG	£350,000	£340,000	-£10,000	13 Jun 2023	27 Oct 2023	136 Days
Flat 62, Horsley Court, Montaigne Close, London, Greater London, SW1P 4BF	£2,000,000	£1,690,000	-£310,000	23 Dec 2022	25 Oct 2023	306 Days
Flat 11, Vincent Square Mansions, Walcott Street, London, Greater London, SW1P 2NT	£1,095,000	£972,500	-£122,500	04 Aug 2022	20 Oct 2023	442 Days
Flat 8, Tounson Court, Montaigne Close, London, Greater London, SW1P 4AQ	£999,999	£990,000	-£9,999	16 Jun 2023	20 Sep 2023	96 Days
Flat 45, Edric House, Page Street, London, Greater London, SW1P 4ER	£450,000	£430,000	-£20,000	21 Feb 2022	18 Sep 2023	574 Days

Most Expensive Streets in SW1P (London)

Postcode	Street	Area	Average	No. of Sales
SW1P 3LD	Lord North Street	London	£3,436,666	3
SW1P 3HL	Smith Square	London	£3,331,287	6
SW1P 1QF	Ashley Gardens, Ambrosden Avenue	London	£2,486,875	4
SW1P 3AN	Millbank	London	£2,149,416	154
SW1P 4FE	Abell House 31, John Islip Street, London	London	£2,055,454	11
SW1P 2DU	Horseferry Road	London	£2,006,250	4
SW1P 1HZ	Carlisle Mansions, Carlisle Place	London	£1,980,000	5
SW1P 2NU	Vincent Square	London	£1,959,000	5
SW1P 4QA	Ponsonby Terrace	London	£1,903,125	4
SW1P 2FE	Horseferry Road	London	£1,555,000	3

Least Expensive Streets in SW1P (London)

Postcode	Street	Area	Average	No. of Sales
SW1P 4EH	Wilkie House, Cureton Street, London	London	£381,666	3
SW1P 4BJ	Jessel House, Page Street, London	London	£386,000	3
SW1P 4BG	Probyn House, Page Street, London	London	£396,666	6
SW1P 4BQ	Probyn House, Page Street, London	London	£415,000	4
SW1P 4AB	Hide Tower, Regency Street, London	London	£442,000	3
SW1P 4ER	Edric House, Page Street, London	London	£458,750	4
SW1P 1QQ	Ambrosden Avenue	London	£464,642	7
SW1P 1BS	Rochester Row	London	£479,500	5
SW1P 4NR	Chapter Chambers	London	£481,410	5
SW1P 4BH	Jessel House, Page Street, London	London	£508,750	4