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House Prices in W1U

The average house price in W1U (London) is £1,193,275 using HM Land Registry data.

The average property price increased by £410,969 (-67.37%) over the last 5 years and increased by £82,345 (-27.41%) over the last 12 months.

Over the last year, there were 48 residential property sales – a decrease of 2 transactions (-4.17%) relative to the previous year. The majority of house sales (22) were in the £510,000 - £1,260,000 range. Then came properties in the £1,260,000 - £2,010,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 131 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-245,000 (-9%).

In Oct 24, there were 36 new estate agency instructions, 8 agreed home sales and 13 property price reductions.

5-Year Average Property Prices in W1U (London)

-67.37%

Property prices in London decreased by -67.37% 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 W1U (London) Over the Last Year

-27.41%

Property prices in London decreased by -27.41% 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 W1U (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 W1U (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 W1U (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 W1U (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 W1U (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the W1U postcode area since 1995.

Recent Sales in W1U (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 19, St Andrews Mansions, Dorset Street, London, Greater London, W1U 4EQ	£2,495,000	£2,495,000	£00	24 May 2024	08 Aug 2024	76 Days
17 Jacobs Well Mews, London, Greater London, W1U 3DR	£2,250,000	£2,125,000	-£125,000	05 Apr 2024	04 Jul 2024	90 Days
Flat 14d, Portman Mansions, Chiltern Street, London, Greater London, W1U 6NX	£1,050,000	£955,000	-£95,000	23 May 2023	24 Nov 2023	185 Days
3 Dorset Street, London, Greater London, W1U 4EF	£6,500,000	£6,500,000	£00	09 May 2023	28 Sep 2023	142 Days
14 Dukes Mews, London, Greater London, W1U 3ET	£3,750,000	£3,700,000	-£50,000	02 Jun 2023	27 Sep 2023	117 Days
Flat 1b, Portman Mansions, Chiltern Street, London, Greater London, W1U 5AJ	£1,450,000	£1,150,000	-£300,000	08 Feb 2021	20 Sep 2023	954 Days
51 Montagu Mansions, London, Greater London, W1U 6LD	£1,395,000	£1,308,750	-£86,250	20 Oct 2021	31 Aug 2023	680 Days
Flat 26, St Andrews Mansions, Dorset Street, London, Greater London, W1U 4EQ	£2,495,000	£2,250,000	-£245,000	19 Jan 2023	05 Jun 2023	137 Days
28 Montagu Mansions, London, Greater London, W1U 6LB	£1,650,000	£1,033,000	-£617,000	02 Sep 2016	09 Nov 2022	2259 Days
Flat 109a, Wendover House, Chiltern Street, London, Greater London, W1U 7NR	£525,000	£505,000	-£20,000	04 Feb 2022	02 Sep 2022	210 Days
Flat 32, Wendover Court, Chiltern Street, London, Greater London, W1U 7NT	£1,150,000	£1,150,000	£00	06 Apr 2022	26 Aug 2022	142 Days
Flat 27, St Andrews Mansions, Dorset Street, London, Greater London, W1U 4EQ	£1,295,000	£1,249,000	-£46,000	15 Oct 2021	25 Jul 2022	283 Days
9 Montagu Mansions, London, Greater London, W1U 6LB	£895,000	£850,000	-£45,000	31 Mar 2022	22 Jun 2022	83 Days
Flat 122, Wendover Court, Chiltern Street, London, Greater London, W1U 7NZ	£1,250,000	£1,250,000	£00	18 Nov 2021	19 Apr 2022	152 Days
Flat G04, 24, Paddington Street, London, Greater London, W1U 5QY	£3,850,000	£3,000,000	-£850,000	23 Sep 2017	20 Dec 2021	1549 Days
5 Sherlock Mews, London, Greater London, W1U 6DW	£1,995,000	£1,947,500	-£47,500	08 May 2021	21 Oct 2021	166 Days
Flat 100, Wendover Court, Chiltern Street, London, Greater London, W1U 7NY	£1,100,000	£1,050,000	-£50,000	30 Apr 2021	30 Sep 2021	153 Days
76 Montagu Mansions, London, Greater London, W1U 6LE	£1,595,000	£1,595,000	£00	21 May 2021	23 Jun 2021	33 Days
78 Montagu Mansions, London, Greater London, W1U 6LE	£2,950,000	£2,760,000	-£190,000	16 Jul 2020	27 May 2021	315 Days
Flat 67, Wendover Court, Chiltern Street, London, Greater London, W1U 7NP	£1,195,000	£1,100,000	-£95,000	18 Dec 2020	16 Apr 2021	119 Days

Most Expensive Streets in W1U (London)

Postcode	Street	Area	Average	No. of Sales
W1U 4PY	Marylebone High Street	London	£7,115,625	8
W1U 4EJ	Chiltern Street	London	£6,081,250	4
W1U 1DB	Marylebone Lane	London	£5,329,000	5
W1U 5QY	Paddington Street	London	£4,191,250	4
W1U 6LE	Montagu Mansions	London	£2,275,833	6
W1U 3QG	George Street	London	£2,106,666	3
W1U 6BS	Bickenhall Mansions, Bickenhall Street, London	London	£2,015,250	4
W1U 4EQ	St Andrews Mansions, Dorset Street, London	London	£1,805,800	5
W1U 6BW	Bickenhall Mansions, Bickenhall Street, London	London	£1,760,000	3
W1U 1BT	Aldburgh Mews	London	£1,673,333	3

Least Expensive Streets in W1U (London)

Postcode	Street	Area	Average	No. of Sales
W1U 7NR	Wendover House, Chiltern Street, London	London	£461,666	3
W1U 5BJ	Luxborough House, Luxborough Street, London	London	£713,333	3
W1U 2JP	Bulstrode Street	London	£741,666	3
W1U 5BR	Newcastle House, Luxborough Street, London	London	£882,500	3
W1U 5HR	Marylebone High Street	London	£981,666	3
W1U 3RU	Wigmore Street	London	£985,000	4
W1U 5EN	Nottingham Mansions, Nottingham Street, London	London	£1,018,458	4
W1U 4DJ	Manchester Street	London	£1,036,250	4
W1U 3QP	George Street	London	£1,138,333	3
W1U 4PN	Marylebone High Street	London	£1,140,000	3