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House Prices in W1K

The average house price in W1K (London) is £0 using HM Land Registry data.

The average property price decreased by £2,486,168 (-80.61%) over the last 5 years and decreased by £498,147 (-8.89%) over the last 12 months.

Over the last year, there were 26 residential property sales – a decrease of 8 transactions (-30.77%) relative to the previous year. The majority of house sales (7) were in the £1,030,000 - £2,664,000 range. Then came properties in the £2,664,000 - £4,298,000 range, where 6 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 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 new estate agency instructions, agreed home sales and property price reductions.

5-Year Average Property Prices in W1K (London)

80.61%

Property prices in London increased by 80.61% 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 W1K (London) Over the Last Year

8.89%

Property prices in London increased by 8.89% 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 W1K (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 W1K (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 W1K (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 W1K (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 W1K (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the W1K postcode area since 1995.

Recent Sales in W1K (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
39 Green Street, London, Greater London, W1K 7FW	£12,950,000	£11,800,000	-£1,150,000	23 Sep 2022	30 Jun 2023	280 Days
Flat 67, Fountain House, Park Street, London, Greater London, W1K 7HG	£3,750,000	£3,410,000	-£340,000	20 Oct 2021	03 Aug 2022	287 Days
Flat 51, Fountain House, Park Street, London, Greater London, W1K 7HQ	£2,700,000	£2,500,000	-£200,000	02 Sep 2021	29 Jul 2022	330 Days
70 Brook Street, London, Greater London, W1K 5EA	£18,500,000	£17,000,000	-£1,500,000	13 Jun 2022	17 Jun 2022	4 Days
Flat 37, Cavendish Buildings, Gilbert Street, London, Greater London, W1K 5HJ	£650,000	£625,000	-£25,000	22 May 2020	09 Oct 2020	140 Days
Flat D, 41, Upper Brook Street, London, Greater London, W1K 7QP	£5,950,000	£5,200,000	-£750,000	05 Oct 2018	26 Jun 2020	630 Days
47 Upper Grosvenor Street, London, Greater London, W1K 2NP	£18,000,000	£17,500,000	-£500,000	21 Jul 2019	15 May 2020	299 Days
Flat 46, Cavendish Buildings, Gilbert Street, London, Greater London, W1K 5HJ	£550,000	£500,000	-£50,000	26 Mar 2020	01 May 2020	36 Days
2 Culross Street, London, Greater London, W1K 2DN	£10,000,000	£9,227,500	-£772,500	20 Sep 2019	24 Feb 2020	157 Days
Flat 67, Fountain House, Park Street, London, Greater London, W1K 7HG	£2,495,000	£2,150,000	-£345,000	06 Jun 2019	24 Jan 2020	232 Days
36 Bourdon Street, London, Greater London, W1K 3PS	£3,495,000	£3,050,000	-£445,000	26 Jun 2017	13 Jul 2018	382 Days
Flat 3, Fountain House, Park Street, London, Greater London, W1K 7HG	£1,950,000	£1,800,000	-£150,000	30 Apr 2018	11 Jun 2018	42 Days
Flat 63, Fountain House, Park Street, London, Greater London, W1K 7HQ	£5,950,000	£5,750,000	-£200,000	04 Jul 2016	19 Jan 2018	564 Days

Most Expensive Streets in W1K (London)

Postcode	Street	Area	Average	No. of Sales
W1K 4AB	Grosvenor Square	London	£26,120,000	3
W1K 6US	Grosvenor Square	London	£22,848,819	21
W1K 4BN	Grosvenor Square	London	£18,046,256	19
W1K 3EP	Grosvenor Square	London	£13,876,666	3
W1K 2HS	Grosvenor Square	London	£9,398,010	3
W1K 1AH	Stanhope Gate	London	£9,175,666	15
W1K 3AJ	Carlos Place	London	£7,130,933	3
W1K 4ND	Davies Street	London	£5,491,167	3
W1K 7DE	Hereford House, North Row	London	£4,933,333	3
W1K 2HB	Rex Place	London	£4,500,000	5

Least Expensive Streets in W1K (London)

Postcode	Street	Area	Average	No. of Sales
W1K 4BA	Avery Row	London	£1,163,333	3
W1K 2QN	South Audley Street	London	£1,198,333	3
W1K 7AZ	Green Street	London	£1,231,000	3
W1K 6WZ	North Audley Street	London	£1,665,000	4
W1K 6RG	Green Street	London	£2,633,333	3
W1K 3PX	Bourdon Street	London	£2,658,333	3
W1K 2NG	Upper Grosvenor Street	London	£2,691,666	3
W1K 6RH	Green Street	London	£2,766,666	3
W1K 7JB	Park Street	London	£2,873,750	4
W1K 7HG	Fountain House, Park Street, London	London	£3,165,000	4