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House Prices in WC1R

The average house price in WC1R (London) is £950,000 using HM Land Registry data.

The average property price decreased by £22,404 (--49.59%) over the last 5 years and decreased by £4,489 (--15.25%) over the last 12 months.

Over the last year, there were 3 residential property sales – a decrease of 1 transactions (-33.33%) relative to the previous year. The majority of house sales (1) were in the £550,000 - £820,000 range. Then came properties in the £820,000 - £1,090,000 range, where 1 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 £-25,000 (-4%).

In Oct 24, there were new estate agency instructions, 1 agreed home sales and 3 property price reductions.

5-Year Average Property Prices in WC1R (London)

-49.59%

Property prices in London decreased by -49.59% 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 WC1R (London) Over the Last Year

-15.25%

Property prices in London decreased by -15.25% 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 WC1R (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 WC1R (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 WC1R (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 WC1R (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 WC1R (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WC1R postcode area since 1995.

Recent Sales in WC1R (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 21, Beckley, Eagle Street, London, Greater London, WC1R 4AP	£525,000	£500,000	-£25,000	19 Jan 2023	14 Apr 2023	85 Days
Apartment 8, The Old School, Princeton Street, London, Greater London, WC1R 4AY	£1,150,000	£1,100,000	-£50,000	29 Jun 2022	11 Nov 2022	135 Days
Flat 9, Three Cups Yard, Sandland Street, London, Greater London, WC1R 4PZ	£1,000,000	£1,000,000	£00	20 Jul 2020	28 May 2021	312 Days
Flat 3, Tresham House, Red Lion Square, London, Greater London, WC1R 4RE	£625,000	£620,000	-£5,000	30 Jul 2019	03 Apr 2020	248 Days
Apartment 10, The Old School, Princeton Street, London, Greater London, WC1R 4AY	£530,000	£530,000	£00	30 Aug 2019	12 Mar 2020	195 Days
Flat 22, Three Cups Yard, Sandland Street, London, Greater London, WC1R 4PZ	£2,100,000	£2,050,000	-£50,000	05 Oct 2018	14 Dec 2018	70 Days
Flat 19, Three Cups Yard, Sandland Street, London, Greater London, WC1R 4PZ	£1,100,000	£1,050,000	-£50,000	24 Nov 2017	16 Feb 2018	84 Days

Most Expensive Streets in WC1R (London)

Postcode	Street	Area	Average	No. of Sales
WC1R 4AY	The Old School, Princeton Street, London	London	£785,000	4
WC1R 4AY	The Old School, Princeton Street, London	London	£785,000	4
WC1R 4LL	Bedford Row	London	£679,333	3
WC1R 4LL	Bedford Row	London	£679,333	3
WC1R 4RA	Brampton House, Red Lion Square	London	£633,333	3
WC1R 4RA	Brampton House, Red Lion Square	London	£633,333	3
WC1R 4AP	Eagle Street	London	£587,333	3
WC1R 4AP	Eagle Street	London	£587,333	3
WC1R 4SE	Red Lion Square	London	£428,333	3
WC1R 4SE	Red Lion Square	London	£428,333	3

Least Expensive Streets in WC1R (London)

Postcode	Street	Area	Average	No. of Sales
WC1R 4SE	Red Lion Square	London	£428,333	3
WC1R 4SE	Red Lion Square	London	£428,333	3
WC1R 4AP	Eagle Street	London	£587,333	3
WC1R 4AP	Eagle Street	London	£587,333	3
WC1R 4RA	Brampton House, Red Lion Square	London	£633,333	3
WC1R 4RA	Brampton House, Red Lion Square	London	£633,333	3
WC1R 4LL	Bedford Row	London	£679,333	3
WC1R 4LL	Bedford Row	London	£679,333	3
WC1R 4AY	The Old School, Princeton Street, London	London	£785,000	4
WC1R 4AY	The Old School, Princeton Street, London	London	£785,000	4