You are here: Property Solvers Home Homeowners Hub London House Prices House Prices in WC2B

House Prices in WC2B

The average house price in WC2B (London) is £730,000 using HM Land Registry data.

The average property price decreased by £24,616 (-56.44%) over the last 5 years and decreased by £4,920 (-7.07%) over the last 12 months.

Over the last year, there were 6 residential property sales – a decrease of 23 transactions (-383.33%) relative to the previous year. The majority of house sales (2) were in the £340,000 - £652,000 range. Then came properties in the £652,000 - £964,000 range, where 2 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 April 2024, there were 8 new estate agency instructions, 1 agreed home sales and 5 property price reductions.

5-Year Average Property Prices in WC2B (London)

56.44%

Property prices in London increased by 56.44% 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 WC2B (London) Over the Last Year

7.07%

Property prices in London increased by 7.07% 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 WC2B (London) - April 2024

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 WC2B (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 WC2B (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 WC2B (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 WC2B (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WC2B postcode area since 1995.

Recent Sales in WC2B (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 11, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD	£475,000	£443,000	-£32,000	07 Jun 2021	30 Sep 2021	115 Days
Flat 9, Beaumont Buildings, Martlett Court, London, Greater London, WC2B 5SF	£665,000	£650,000	-£15,000	04 Jan 2021	23 Jun 2021	170 Days
Flat 4, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD	£500,000	£461,685	-£38,315	29 Jul 2020	18 Mar 2021	232 Days
Flat 39, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD	£650,000	£556,500	-£93,500	05 Jun 2018	12 Oct 2018	129 Days
Flat 19, Fletcher Buildings, Martlett Court, London, Greater London, WC2B 5EU	£700,000	£660,000	-£40,000	03 Dec 2017	07 Sep 2018	278 Days
Flat 17, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD	£699,999	£567,000	-£132,999	22 May 2017	13 Jul 2018	417 Days
Flat 2, Wimbledon Buildings, Newton Street, London, Greater London, WC2B 5EF	£399,950	£399,950	£00	01 Jun 2017	12 Mar 2018	284 Days
Flat 20, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD	£495,000	£495,000	£00	11 Nov 2017	15 Feb 2018	96 Days

Most Expensive Streets in WC2B (London)

Postcode	Street	Area	Average	No. of Sales
WC2B 5AN	Parker Street	London	£1,844,979	24
WC2B 5AN	Parker Street	London	£1,844,979	24
WC2B 5EL	Newton Street	London	£1,692,282	33
WC2B 5EL	Newton Street	London	£1,692,282	33
WC2B 4AY	Kean Street	London	£1,360,000	5
WC2B 4AY	Kean Street	London	£1,360,000	5
WC2B 5QN	Broad Court	London	£1,115,300	5
WC2B 5QN	Broad Court	London	£1,115,300	5
WC2B 5ND	Macklin Street	London	£582,500	4
WC2B 5ND	Macklin Street	London	£582,500	4

Least Expensive Streets in WC2B (London)

Postcode	Street	Area	Average	No. of Sales
WC2B 5SD	Sheridan Buildings, Martlett Court	London	£484,895	3
WC2B 5SD	Sheridan Buildings, Martlett Court	London	£484,895	3
WC2B 5ND	Macklin Street	London	£582,500	4
WC2B 5ND	Macklin Street	London	£582,500	4
WC2B 5QN	Broad Court	London	£1,115,300	5
WC2B 5QN	Broad Court	London	£1,115,300	5
WC2B 4AY	Kean Street	London	£1,360,000	5
WC2B 4AY	Kean Street	London	£1,360,000	5
WC2B 5EL	Newton Street	London	£1,692,282	33
WC2B 5EL	Newton Street	London	£1,692,282	33