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Central London House Prices

The average house price in Central London is £725,000 using HM Land Registry data.

The average property price decreased by £636,843 (--48.29%) over the last 5 years and decreased by £127,603 (--15.76%) over the last 12 months.

Over the last year, there were 25 residential property sales – a decrease of 5 transactions (-20.00%) relative to the previous year. The majority of house sales (7) were in the £420,000 - £586,000 range. Then came properties in the £586,000 - £752,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 134 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-30,372 (-3%).

In Dec 24, there were 6 new estate agency instructions, 3 agreed home sales and 3 property price reductions.

5-Year Average Property Prices in Central London

-48.29%

Property prices in Central London decreased by -48.29% 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 Central London Over the Last Year

-15.76%

Property prices in Central London decreased by -15.76% 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 Central London - Dec 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 Central 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 Central 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 Central 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 Central London since 1995

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

Recent Property Sales in Central London

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 148, Clifford's Inn, Fetter Lane, London, Greater London, EC4A 1BY	£995,000	£930,000	-£65,000	14 Apr 2023	13 Jul 2023	90 Days
Flat 99, Clifford's Inn, Fetter Lane, London, Greater London, EC4A 1BX	£599,950	£575,000	-£24,950	16 Sep 2022	16 Dec 2022	91 Days
Apartment 37, Roman House, Wood Street, London, Greater London, EC2Y 5AG	£999,000	£928,000	-£71,000	03 Aug 2016	22 Jul 2022	2179 Days
Apartment 46, Roman House, Wood Street, London, Greater London, EC2Y 5AG	£850,000	£725,000	-£125,000	24 Apr 2017	08 Oct 2021	1628 Days
Flat 87, Clifford's Inn, Fetter Lane, London, Greater London, EC4A 1BX	£425,000	£415,000	-£10,000	15 Aug 2018	10 Sep 2019	391 Days
Apartment 43, Roman House, Wood Street, London, Greater London, EC2Y 5AG	£750,000	£720,000	-£30,000	07 Jun 2017	03 Jan 2018	210 Days

Most Expensive Streets in Central London

Postcode	Street	Area	Average	No. of Sales
EC3R 6AP	Water Lane	London	£3,948,000	5
EC3R 6AL	Water Lane	London	£2,257,534	14
EC1N 2JT	Dyers Buildings	London	£1,475,500	6
EC4V 3PA	High Timber Street	London	£1,263,000	6
EC4A 3BY	Wine Office Court	London	£1,100,000	3
EC4Y 0DF	Temple Avenue	London	£986,250	4
EC4Y 0DD	Tudor Street	London	£944,000	5
EC2Y 5AG	Roman House	Wood Street, London	£936,050	10
EC4A 1DT	Breams Buildings	London	£840,916	3
EC4V 3PQ	High Timber Street	London	£708,333	3

Least Expensive Streets in Central London

Postcode	Street	Area	Average	No. of Sales
EC4A 1BX	Clifford's Inn	Fetter Lane	£496,333	9
EC3R 8DR	Botolph Alley	London	£501,666	3
EC4V 3EH	Upper Thames Street	London	£506,500	4
EC4A 1JQ	Furnival Street	London	£530,000	3
EC4A 3EA	Johnsons Court	London	£559,166	3
EC3N 2NU	Pepys Street	London	£609,214	7
EC3R 8BT	Monument Street	London	£630,833	3
EC4A 1BY	Clifford's Inn	Fetter Lane	£656,666	3
EC4V 3EJ	Upper Thames Street	London	£696,600	5
EC4V 3PQ	High Timber Street	London	£708,333	3