Covent Garden House Prices Covent Garden House Prices

The average house price in Covent Garden is £0 using HM Land Registry data.

The average property price increased by £198,791 (10.34%) over the last 5 years and increased by £39,730 (1.91%) over the last 12 months.

Over the last year, there were 27 residential property sales – a decrease of 17 transactions (-62.96%) relative to the previous year. The majority of house sales (12) were in the £630,000 - £1,064,000 range. Then came properties in the £1,064,000 - £1,498,000 range, where 3 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 £-65,000 (-6%).

In April 2024, there were 17 new estate agency instructions, 5 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in Covent Garden

10.34%

Property prices in Covent Garden increased by 10.34% 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

1.91%

Property prices in Covent Garden increased by 1.91% 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.

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).

Property Market Heat Gauge for Covent Garden - 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 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 11, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD£475,000£443,000-£32,00007 Jun 202130 Sep 2021115 Days
Flat 9, Beaumont Buildings, Martlett Court, London, Greater London, WC2B 5SF£665,000£650,000-£15,00004 Jan 202123 Jun 2021170 Days
91 Odhams Walk, London, Greater London, WC2H 9SE£595,000£595,000£0017 Mar 202130 Apr 202144 Days
Flat 4, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD£500,000£461,685-£38,31529 Jul 202018 Mar 2021232 Days
Flat 23, Stirling Court, Tavistock Street, London, Greater London, WC2E 7NU£550,000£516,000-£34,00012 Jun 202020 Oct 2020130 Days
57 Odhams Walk, London, Greater London, WC2H 9SB£995,000£895,000-£100,00013 Nov 201722 Oct 2018343 Days
57 Odhams Walk, London, Greater London, WC2H 9SB£950,000£895,000-£55,00023 Oct 201722 Oct 2018364 Days
Flat 39, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD£650,000£556,500-£93,50005 Jun 201812 Oct 2018129 Days
Flat 19, Fletcher Buildings, Martlett Court, London, Greater London, WC2B 5EU£700,000£660,000-£40,00003 Dec 201707 Sep 2018278 Days
Flat 17, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD£699,999£567,000-£132,99922 May 201713 Jul 2018417 Days
25 Craven Street, London, Greater London, WC2N 5NT£4,850,000£4,050,000-£800,00031 Aug 201630 Apr 2018607 Days
Flat 20, Sheridan Buildings, Martlett Court, London, Greater London, WC2B 5SD£495,000£495,000£0011 Nov 201715 Feb 201896 Days

Most Expensive Streets in Covent Garden

PostcodeStreetAreaAverageNo. of Sales
WC2E 8JYKing StreetLondon£4,575,0003
WC2E 9DSFloral StreetLondon£3,782,04616
WC2R 1ABStrandLondon£2,554,09011
WC2N 6LUJohn Adam StreetLondon£2,470,8336
WC2A 2ATPortugal StreetLondon£2,169,940188
WC2H 7JAGreat Newport StreetLondon£1,993,0003
WC2R 3ATEssex StreetLondon£1,766,6663
WC2E 8HNKing StreetLondon£1,426,6663
WC2B 4AYKean StreetLondon£1,360,0005
WC2R 1HAStrandLondon£1,264,8758

Least Expensive Streets in Covent Garden

PostcodeStreetAreaAverageNo. of Sales
WC2B 5SDSheridan BuildingsMartlett Court£484,8953
WC2E 7NTSiddons CourtTavistock Street, London£571,5836
WC2H 7JEGreat Newport StreetLondon£640,5003
WC2N 6HAJohn Adam StreetLondon£926,7147
WC2E 9DPFloral StreetLondon£965,0003
WC2N 6EGBuckingham StreetLondon£1,021,2504
WC2B 5QNBroad CourtLondon£1,115,3005
WC2R 0PPExchange CourtLondon£1,244,3754
WC2N 6JGJohn Adam StreetLondon£1,248,6293
WC2R 1HAStrandLondon£1,264,8758

Explore Covent Garden and Neighbouring Area House Prices