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House Prices in W2

The average house price in W2 (London) is £1,174,461 using HM Land Registry data.

The average property price increased by £188,970 (2.96%) over the last 5 years and increased by £37,864 (0.53%) over the last 12 months.

Over the last year, there were 323 residential property sales – a decrease of 172 transactions (-53.25%) relative to the previous year. The majority of house sales (118) were in the £430,000 - £814,000 range. Then came properties in the £814,000 - £1,198,000 range, where 66 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 £-142,466 (-6%).

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

5-Year Average Property Prices in W2 (London)

2.96%

Property prices in London increased by 2.96% 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 W2 (London) Over the Last Year

0.53%

Property prices in London increased by 0.53% 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 W2 (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 W2 (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 W2 (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 W2 (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 W2 (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the W2 postcode area since 1995.

Recent Sales in W2 (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
75 Hereford Road, London, Greater London, W2 5BB	£5,500,000	£5,100,000	-£400,000	04 Oct 2023	09 Aug 2024	310 Days
Flat 104, Ralph Court, Queensway, London, Greater London, W2 5HU	£425,000	£411,000	-£14,000	20 Feb 2024	19 Jul 2024	150 Days
57a, Talbot Road, London, Greater London, W2 5JJ	£1,000,000	£1,000,000	£00	22 Mar 2024	08 Jul 2024	108 Days
First Floor Flat, 49, Ossington Street, London, Greater London, W2 4LY	£1,000,000	£905,500	-£94,500	21 Sep 2017	24 Jun 2024	2468 Days
35 Northumberland Place, London, Greater London, W2 5AS	£3,000,000	£3,000,000	£00	08 Nov 2023	10 Jun 2024	215 Days
15 Bridstow Place, London, Greater London, W2 5AE	£1,650,000	£1,650,000	£00	13 Mar 2024	30 May 2024	78 Days
220c, Gloucester Terrace, London, Greater London, W2 6HU	£500,000	£475,000	-£25,000	08 Mar 2024	09 May 2024	62 Days
65 Artesian Road, London, Greater London, W2 5DB	£3,750,000	£3,500,000	-£250,000	14 Sep 2023	30 Apr 2024	229 Days
301 The Water Gardens, London, Greater London, W2 2DQ	£637,000	£600,000	-£37,000	03 Nov 2023	19 Apr 2024	168 Days
21 Albion Street, London, Greater London, W2 2AS	£4,500,000	£4,325,000	-£175,000	11 Sep 2023	19 Apr 2024	221 Days
Second And Third Floor Maisonette, 27, Sutherland Place, London, Greater London, W2 5BZ	£1,395,000	£1,365,000	-£30,000	19 Feb 2021	16 Apr 2024	1152 Days
169 Bourne Terrace, London, Greater London, W2 5TP	£360,000	£360,000	£00	17 Nov 2023	10 Apr 2024	145 Days
39 Star Street, London, Greater London, W2 1QB	£2,000,000	£1,950,000	-£50,000	03 Aug 2023	28 Mar 2024	238 Days
17 Clifton Place, London, Greater London, W2 2SN	£1,200,000	£1,200,000	£00	14 Mar 2024	25 Mar 2024	11 Days
38 Sutherland Place, London, Greater London, W2 5BZ	£4,750,000	£4,500,000	-£250,000	13 Sep 2023	14 Mar 2024	183 Days
Flat G, 31, Clanricarde Gardens, London, Greater London, W2 4JL	£850,000	£800,000	-£50,000	24 Oct 2023	26 Feb 2024	125 Days
25a, Sutherland Place, London, Greater London, W2 5BZ	£1,575,000	£1,440,000	-£135,000	12 Oct 2023	22 Feb 2024	133 Days
15 Clarendon Mews, London, Greater London, W2 2NR	£1,875,000	£1,800,000	-£75,000	10 Jul 2023	23 Jan 2024	197 Days
6 Caroline Place Mews, London, Greater London, W2 4AQ	£2,250,000	£1,950,000	-£300,000	12 Jul 2023	12 Jan 2024	184 Days
113 Eastbourne Mews, London, Greater London, W2 6LQ	£2,250,000	£1,950,000	-£300,000	04 Oct 2022	05 Jan 2024	458 Days

Most Expensive Streets in W2 (London)

Postcode	Street	Area	Average	No. of Sales
W2 4TH	Dawson Place	London	£16,450,000	4
W2 4XB	Pembridge Place	London	£10,292,000	5
W2 2LH	Hyde Park Place	London	£8,804,000	5
W2 4PR	Leinster Square	London	£6,765,000	8
W2 2TD	Gloucester Square	London	£6,386,666	3
W2 2LU	Hyde Park Gardens	London	£6,303,125	4
W2 4RS	Orme Square	London	£5,791,666	3
W2 2TB	Gloucester Square	London	£5,060,000	4
W2 4WB	Prince Edward Mansions, Hereford Road	London	£5,000,000	3
W2 2LY	Hyde Park Gardens	London	£4,812,500	4

Least Expensive Streets in W2 (London)

Postcode	Street	Area	Average	No. of Sales
W2 2QU	Park West, Edgware Road	London	£267,000	5
W2 1JF	Sussex Court, Spring Street, London	London	£292,500	4
W2 4RL	Orme Court	London	£295,000	3
W2 5PT	Westbourne Gardens, Bayswater	London	£319,300	5
W2 6JT	Westbourne Court, Orsett Terrace	London	£320,400	5
W2 2RA	Park West, Edgware Road	London	£333,333	3
W2 2RD	Forset Court, Edgware Road	London	£335,000	4
W2 6EA	Winchester House, Hallfield Estate	London	£342,500	3
W2 1EJ	Edgware Road	London	£348,333	3
W2 3DH	Gloucester Terrace	London	£369,785	7