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House Prices in W1G

The average house price in W1G (London) is £1,466,250 using HM Land Registry data.

The average property price decreased by £1,739,025 (-94.41%) over the last 5 years and decreased by £348,444 (-9.75%) over the last 12 months.

Over the last year, there were 26 residential property sales – a decrease of 23 transactions (-88.46%) relative to the previous year. The majority of house sales (9) were in the £840,000 - £1,798,000 range. Then came properties in the £1,798,000 - £2,756,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £0 (0%).

In Oct 24, there were 9 new estate agency instructions, 5 agreed home sales and 4 property price reductions.

5-Year Average Property Prices in W1G (London)

94.41%

Property prices in London increased by 94.41% 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 W1G (London) Over the Last Year

9.75%

Property prices in London increased by 9.75% 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 W1G (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 W1G (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 W1G (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 W1G (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 W1G (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the W1G postcode area since 1995.

Recent Sales in W1G (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
36 Devonshire Place Mews, London, Greater London, W1G 6DD	£3,500,000	£2,950,000	-£550,000	15 May 2023	29 Aug 2023	106 Days
17 De Walden Street, London, Greater London, W1G 8RW	£1,950,000	£1,950,000	£00	06 Dec 2022	23 Feb 2023	79 Days
21a, Harley Place, London, Greater London, W1G 8LZ	£2,400,000	£2,350,000	-£50,000	06 Sep 2022	09 Dec 2022	94 Days
2 De Walden Street, London, Greater London, W1G 8RJ	£1,695,000	£1,675,000	-£20,000	23 Sep 2021	28 Nov 2022	431 Days
2 Wheatley Street, London, Greater London, W1G 8PS	£2,650,000	£2,623,925	-£26,075	30 May 2022	19 Aug 2022	81 Days
2 Devonshire Mews South, London, Greater London, W1G 6QW	£4,395,000	£4,395,000	£00	30 Mar 2022	01 Aug 2022	124 Days
Flat 2, Carisbrooke Court, Weymouth Street, London, Greater London, W1G 8NZ	£725,000	£717,620	-£7,380	10 Nov 2021	29 Apr 2022	170 Days
8 Wheatley Street, London, Greater London, W1G 8PS	£2,250,000	£2,175,000	-£75,000	01 Oct 2021	21 Feb 2022	143 Days
22 De Walden Street, London, Greater London, W1G 8RN	£2,250,000	£2,250,000	£00	23 Jul 2021	22 Dec 2021	152 Days
4 Dunstable Mews, London, Greater London, W1G 6BT	£2,150,000	£1,950,000	-£200,000	03 Sep 2021	19 Nov 2021	77 Days
Flat 15, Carisbrooke Court, Weymouth Street, London, Greater London, W1G 8NZ	£1,250,000	£1,153,000	-£97,000	05 Aug 2020	25 Jun 2021	324 Days
10 Devonshire Close, London, Greater London, W1G 7BA	£5,500,000	£4,750,000	-£750,000	07 Feb 2020	11 Jan 2021	339 Days
41 Weymouth Mews, London, Greater London, W1G 7EG	£1,575,000	£1,500,000	-£75,000	03 Aug 2020	30 Nov 2020	119 Days
12 Marylebone Mews, London, Greater London, W1G 8PX	£4,750,000	£4,000,000	-£750,000	08 May 2018	06 Oct 2020	882 Days
Flat 12, Carisbrooke Court, Weymouth Street, London, Greater London, W1G 8NZ	£275,000	£210,000	-£65,000	06 Apr 2020	17 Aug 2020	133 Days
31a, Devonshire Close, London, Greater London, W1G 7BE	£900,000	£800,000	-£100,000	20 Feb 2020	14 Aug 2020	176 Days
30 Weymouth Mews, London, Greater London, W1G 7EB	£3,500,000	£3,100,000	-£400,000	24 Oct 2019	03 Jun 2020	223 Days
4 Harley Place, London, Greater London, W1G 8QB	£1,400,000	£1,400,000	£00	09 Jan 2020	01 Jun 2020	144 Days
18 Upper Wimpole Street, London, Greater London, W1G 6LX	£16,500,000	£14,750,000	-£1,750,000	06 Apr 2020	27 Apr 2020	21 Days
Flat 11, Carisbrooke Court, Weymouth Street, London, Greater London, W1G 8NZ	£450,000	£280,000	-£170,000	10 Mar 2018	20 Dec 2019	650 Days

Most Expensive Streets in W1G (London)

Postcode	Street	Area	Average	No. of Sales
W1G 6EN	Beaumont Mews	London	£8,970,000	4
W1G 0PL	Cavendish Square	London	£7,061,640	16
W1G 9XE	Welbeck Street	London	£5,530,000	5
W1G 9NF	Mansfield Street	London	£3,131,568	11
W1G 0AR	Welbeck Street	London	£2,165,000	4
W1G 9LG	Queen Anne Street	London	£1,636,081	4
W1G 8GP	Wimpole Street	London	£1,604,166	3
W1G 8AE	Wimpole Street	London	£1,575,000	5
W1G 9PW	Harley Street	London	£1,458,775	3
W1G 9PW	Harley Street	London	£1,458,775	3

Least Expensive Streets in W1G (London)

Postcode	Street	Area	Average	No. of Sales
W1G 6PP	Devonshire Street	London	£544,833	3
W1G 8NZ	Carisbrooke Court, Weymouth Street, London	London	£605,924	5
W1G 8JN	Marylebone Street	London	£627,000	3
W1G 8NS	Weymouth Street	London	£700,000	3
W1G 6DH	Beaumont Street	London	£920,000	3
W1G 6PR	Devonshire Street	London	£1,008,333	3
W1G 8JF	Maybury Court, Marylebone Street, London	London	£1,034,285	7
W1G 8JE	Maybury Court, Marylebone Street, London	London	£1,113,333	3
W1G 8NT	Weymouth Street	London	£1,426,666	3
W1G 8NT	Weymouth Street	London	£1,426,666	3