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House Prices in W1T

The average house price in W1T (London) is £762,499 using HM Land Registry data.

The average property price increased by £425,180 (-23.23%) over the last 5 years and increased by £85,192 (-5.24%) over the last 12 months.

Over the last year, there were 35 residential property sales – a decrease of 24 transactions (-68.57%) relative to the previous year. The majority of house sales (12) were in the £470,000 - £856,000 range. Then came properties in the £856,000 - £1,242,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 168 days to sell (from being listed to completion).

In Oct 24, there were 31 new estate agency instructions, 7 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in W1T (London)

-23.23%

Property prices in London decreased by -23.23% 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 W1T (London) Over the Last Year

-5.24%

Property prices in London decreased by -5.24% 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 W1T (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 W1T (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 W1T (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 W1T (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 W1T (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the W1T postcode area since 1995.

Recent Sales in W1T (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
147 Cleveland Street, London, Greater London, W1T 6QJ	£3,900,000	£1,700,000	-£2,200,000	11 Jul 2023	10 Oct 2023	91 Days
Flat 11, Furnival Mansions, Wells Street, London, Greater London, W1T 3PL	£650,000	£630,000	-£20,000	19 Jun 2023	13 Sep 2023	86 Days
4 Tottenham Mews, London, Greater London, W1T 4AB	£920,000	£300,000	-£620,000	01 Sep 2016	01 Sep 2023	2556 Days
18 Fitzroy Square, London, Greater London, W1T 6EQ	£7,250,000	£6,400,000	-£850,000	03 Oct 2020	30 Jun 2021	270 Days
Flat 22, Furnival Mansions, Wells Street, London, Greater London, W1T 3PL	£575,000	£560,000	-£15,000	17 Aug 2020	01 Mar 2021	196 Days
Flat 23, Furnival Mansions, Wells Street, London, Greater London, W1T 3PL	£565,000	£565,000	£00	21 Jan 2020	03 Sep 2020	226 Days
17 Grafton Mews, London, Greater London, W1T 5JA	£2,000,000	£1,775,000	-£225,000	16 Oct 2019	28 Aug 2020	317 Days
Second Floor Flat, 20, Conway Street, London, Greater London, W1T 6BE	£800,000	£750,000	-£50,000	25 Jun 2018	07 Jul 2020	743 Days
2 Colville Place, London, Greater London, W1T 2BQ	£2,775,000	£2,525,000	-£250,000	08 Jan 2020	10 Mar 2020	62 Days
Flat C, 15, Charlotte Place, London, Greater London, W1T 1SP	£595,000	£570,000	-£25,000	20 Jul 2015	12 Dec 2019	1606 Days
9 Colville Place, London, Greater London, W1T 2BJ	£2,095,000	£2,095,000	£00	02 Nov 2017	16 Apr 2018	165 Days
Flat C, 2, Conway Street, London, Greater London, W1T 6BA	£619,500	£593,000	-£26,500	06 Sep 2017	28 Feb 2018	175 Days
Fourth Floor, 9, Berners Place, London, Greater London, W1T 3AD	£650,000	£646,000	-£4,000	30 Oct 2017	02 Jan 2018	64 Days

Most Expensive Streets in W1T (London)

Postcode	Street	Area	Average	No. of Sales
W1T 3BH	Pearson Square	London	£2,924,126	7
W1T 1JZ	Rathbone Place	London	£2,720,642	14
W1T 3BP	Pearson Square	London	£2,241,666	3
W1T 6FA	Cleveland Street	London	£2,160,887	60
W1T 3BJ	Pearson Square	London	£2,090,550	8
W1T 6FB	Cleveland Street	London	£1,929,805	13
W1T 3BQ	Pearson Square	London	£1,831,666	6
W1T 1JN	Rathbone Place	London	£1,620,625	8
W1T 4AH	Whitfield Street	London	£1,548,562	20
W1T 3PW	Wells Street	London	£1,239,500	5

Least Expensive Streets in W1T (London)

Postcode	Street	Area	Average	No. of Sales
W1T 4BL	Fitzroy Street	London	£579,983	3
W1T 4BP	Fitzroy Street	London	£584,500	5
W1T 3PL	Furnival Mansions, Wells Street, London	London	£614,571	7
W1T 6QE	Clifton House 131-133, Cleveland Street, London	London	£715,000	4
W1T 5DG	Grafton Way	London	£761,666	3
W1T 1QH	Newman Street	London	£868,750	4
W1T 3ES	Newman Street	London	£1,065,000	3
W1T 3JE	Mortimer Street	London	£1,125,000	3
W1T 1PN	Newman Street	London	£1,141,666	3
W1T 3PW	Wells Street	London	£1,239,500	5