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Spitalfields House Prices

The average house price in Spitalfields is £516,200 using HM Land Registry data.

The average property price increased by £92,695 (14.21%) over the last 5 years and increased by £18,573 (2.56%) over the last 12 months.

Over the last year, there were 52 residential property sales – a decrease of 18 transactions (-34.62%) relative to the previous year. The majority of house sales (23) were in the £370,000 - £540,000 range. Then came properties in the £540,000 - £710,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 191 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-26,730 (-4%).

In February 2025, there were 33 new estate agency instructions, 13 agreed home sales and 16 property price reductions.

5-Year Average Property Prices in Spitalfields

14.21%

Property prices in Spitalfields increased by 14.21% 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 Spitalfields Over the Last Year

2.56%

Property prices in Spitalfields increased by 2.56% 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 Spitalfields - 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 Spitalfields

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 Spitalfields

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 Spitalfields

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 Spitalfields since 1995

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

Recent Property Sales in Spitalfields

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
20 Princelet Street, London, Greater London, E1 6QH	£3,250,000	£3,100,000	-£150,000	16 Oct 2023	10 Jun 2024	238 Days
Flat 6, Phillip House, Heneage Street, London, Greater London, E1 5LW	£485,000	£480,000	-£5,000	12 Sep 2023	02 Feb 2024	143 Days
Flat 7, Philip House, Heneage Street, London, Greater London, E1 5LW	£490,000	£445,000	-£45,000	24 Mar 2023	30 Jan 2024	312 Days
Flat 1, Brune House, Bell Lane, London, Greater London, E1 7NW	£500,000	£500,000	£0	18 May 2023	06 Oct 2023	141 Days
30 Elder Street, London, Greater London, E1 6BT	£2,750,000	£2,625,000	-£125,000	28 Apr 2023	08 Sep 2023	133 Days
Flat B, 26, Princelet Street, London, Greater London, E1 6QH	£2,450,000	£2,300,000	-£150,000	29 Dec 2022	11 Aug 2023	225 Days
Flat 20, Hanbury House, Hanbury Street, London, Greater London, E1 5JD	£575,000	£560,000	-£15,000	28 Mar 2022	17 Jun 2023	446 Days
Flat 2, Phillip House, Heneage Street, London, Greater London, E1 5LW	£450,000	£450,000	£0	28 Sep 2022	16 Jun 2023	261 Days
Flat 54, Brune House, Bell Lane, London, Greater London, E1 7NP	£485,000	£455,000	-£30,000	01 Feb 2023	25 May 2023	113 Days
Flat 43, Hughes Mansions, Vallance Road, London, Greater London, E1 5BH	£300,000	£300,000	£0	11 Jan 2023	02 May 2023	111 Days
Flat 15, Phillip House, Heneage Street, London, Greater London, E1 5LW	£525,000	£515,000	-£10,000	12 Oct 2022	29 Mar 2023	168 Days
Flat 8, Ramar House, Hanbury Street, London, Greater London, E1 5JH	£330,000	£330,000	£0	13 Jan 2023	21 Mar 2023	67 Days
4 Hopetown Street, London, Greater London, E1 5LE	£350,000	£350,000	£0	24 Aug 2022	16 Mar 2023	204 Days
Flat 21, Herbert House, Old Castle Street, London, Greater London, E1 7TW	£425,000	£420,000	-£5,000	31 Jan 2022	17 Nov 2022	290 Days
Flat 17, Casson House, Hanbury Street, London, Greater London, E1 5JJ	£500,000	£500,000	£0	21 Apr 2022	17 Oct 2022	179 Days
Flat 30, Brune House, Bell Lane, London, Greater London, E1 7NW	£450,000	£433,000	-£17,000	24 Dec 2021	30 Sep 2022	280 Days
Flat 1, Bloomfield House, Old Montague Street, London, Greater London, E1 5PA	£525,000	£497,500	-£27,500	21 Mar 2022	16 Sep 2022	179 Days
196 Woodseer Street, London, Greater London, E1 5HQ	£689,995	£675,000	-£14,995	15 Dec 2021	06 Sep 2022	265 Days
17 Casson Street, London, Greater London, E1 5LA	£1,500,000	£1,500,000	£0	17 Mar 2022	31 Aug 2022	167 Days
Flat 29, John Pritchard House, Buxton Street, London, Greater London, E1 5AS	£475,000	£475,000	£0	29 Apr 2022	19 Aug 2022	112 Days

Most Expensive Streets in Spitalfields

Postcode	Street	Area	Average	No. of Sales
E1 6QE	Fournier Street	London	£4,333,333	3
E1 6QH	Princelet Street	London	£2,565,416	6
E1 5LP	Princelet Street	London	£1,269,000	5
E1 6NP	Wheler Street	London	£1,161,250	4
E1 6BJ	Commercial Street	London	£1,135,833	3
E1 6NQ	Commercial Street	London	£1,040,714	7
E1 6BG	Commercial Street	London	£1,020,666	3
E1 5LA	Casson Street	London	£889,525	4
E1 6NG	Commercial Street	London	£852,625	4
E1 7HW	Sandys Row	London	£803,125	4

Least Expensive Streets in Spitalfields

Postcode	Street	Area	Average	No. of Sales
E1 5NX	Pauline House	Old Montague Street, London	£278,166	3
E1 5BH	Hughes Mansions	Vallance Road	£358,850	3
E1 7NY	Old Castle Street	London	£360,500	4
E1 6EB	Commercial Street	London	£376,000	5
E1 7TS	Goulston Street	London	£381,600	5
E1 5NW	Evelyn House	Greatorex Street, London	£385,800	5
E1 5JR	Kingward House	Hanbury Street, London	£409,168	5
E1 5JP	Hanbury Street	London	£414,375	4
E1 5AS	John Pritchard House	Buxton Street, London	£416,666	3
E1 5AB	Vallance Road	London	£422,291	3