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Covent Garden House Prices

The average house price in Covent Garden is £2,000,000 using HM Land Registry data.

The average property price decreased by £79,102 (--4%) over the last 5 years and decreased by £15,849 (--0.83%) over the last 12 months.

Over the last year, there were 25 residential property sales – a decrease of 15 transactions (-60.00%) relative to the previous year. The majority of house sales (6) were in the £758,000 - £1,156,000 range. Then came properties in the £1,156,000 - £1,554,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 285 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,666 (-2%).

In February 2025, there were 20 new estate agency instructions, 3 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in Covent Garden

-4%

Property prices in Covent Garden decreased by -4% 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 Covent Garden Over the Last Year

-0.83%

Property prices in Covent Garden decreased by -0.83% 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 Covent Garden - February 2025

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 Covent Garden

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 Covent Garden

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 Covent Garden

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 Covent Garden since 1995

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

Recent Property Sales in Covent Garden

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 36, Fletcher Buildings, Martlett Court, London, Greater London, WC2B 5EU	£500,000	£500,000	£0	08 Sep 2023	30 Sep 2024	388 Days
34 Sandringham Flats, Charing Cross Road, London, Greater London, WC2H 0BJ	£550,000	£550,000	£0	23 Feb 2024	15 Mar 2024	21 Days
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
91 Odhams Walk, London, Greater London, WC2H 9SE	£595,000	£595,000	£0	17 Mar 2021	30 Apr 2021	44 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 23, Stirling Court, Tavistock Street, London, Greater London, WC2E 7NU	£550,000	£516,000	-£34,000	12 Jun 2020	20 Oct 2020	130 Days
57 Odhams Walk, London, Greater London, WC2H 9SB	£995,000	£895,000	-£100,000	13 Nov 2017	22 Oct 2018	343 Days
57 Odhams Walk, London, Greater London, WC2H 9SB	£950,000	£895,000	-£55,000	23 Oct 2017	22 Oct 2018	364 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
25 Craven Street, London, Greater London, WC2N 5NT	£4,850,000	£4,050,000	-£800,000	31 Aug 2016	30 Apr 2018	607 Days
Flat 20, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD	£495,000	£495,000	£0	11 Nov 2017	15 Feb 2018	96 Days

Most Expensive Streets in Covent Garden

Postcode	Street	Area	Average	No. of Sales
WC2E 8JY	King Street	London	£4,575,000	3
WC2A 2AT	Portugal Street	London	£3,132,949	46
WC2R 1AB	Strand	London	£2,351,923	13
WC2E 9DS	Floral Street	London	£1,846,250	4
WC2R 3AT	Essex Street	London	£1,766,666	3
WC2N 6HA	John Adam Street	London	£1,716,571	7
WC2B 4AY	Kean Street	London	£1,360,000	5
WC2N 6JG	John Adam Street	London	£1,248,629	3
WC2R 0PP	Exchange Court	London	£1,244,375	4
WC2R 1HA	Strand	London	£1,181,285	7

Least Expensive Streets in Covent Garden

Postcode	Street	Area	Average	No. of Sales
WC2E 7NT	Siddons Court	Tavistock Street, London	£582,400	5
WC2N 4BN	Bedfordbury	London	£665,000	3
WC2B 4AZ	Kean Street	London	£808,333	3
WC2E 9DP	Floral Street	London	£965,000	3
WC2N 6EG	Buckingham Street	London	£1,021,250	4
WC2B 5QN	Broad Court	London	£1,074,416	6
WC2R 1HA	Strand	London	£1,181,285	7
WC2R 0PP	Exchange Court	London	£1,244,375	4
WC2N 6JG	John Adam Street	London	£1,248,629	3
WC2B 4AY	Kean Street	London	£1,360,000	5