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Westminster House Prices Westminster House Prices

The average house price in Westminster is £920,833 using HM Land Registry data.

The average property price decreased by £444,779 (--35.05%) over the last 5 years and decreased by £88,894 (--9.73%) over the last 12 months.

Over the last year, there were 117 residential property sales – a decrease of 26 transactions (-22.22%) relative to the previous year. The majority of house sales (27) were in the £450,000 - £660,000 range. Then came properties in the £660,000 - £870,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 98 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-42,230 (-4%).

In April 2024, there were 46 new estate agency instructions, 11 agreed home sales and 32 property price reductions.

Neighbouring Areas: Victoria, West End, Pimlico, St James's Park, Covent Garden

Postcodes Covered: SW1A, SW1H, SW1P, SW1V, WC2N

5-Year Average Property Prices in Westminster

-35.05%

Property prices in Westminster decreased by -35.05% 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 Westminster Over the Last Year

-9.73%

Property prices in Westminster decreased by -9.73% 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 Westminster - 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 Westminster

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 Westminster

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 Westminster

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 Westminster since 1995

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

Recent Property Sales in Westminster

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 57, Marsham Court, Marsham Street, London, Greater London, SW1P 4JZ£600,000£600,000£0023 Aug 202326 Jan 2024156 Days
21 Maunsel Street, London, Greater London, SW1P 2QN£2,370,000£2,175,000-£195,00026 Oct 202318 Dec 202353 Days
Flat 8, Brunswick Court, Regency Street, London, Greater London, SW1P 4AE£675,000£660,000-£15,00013 Oct 202203 Nov 2023386 Days
Flat 65, Westminster Gardens, Marsham Street, London, Greater London, SW1P 4JG£1,500,000£1,270,000-£230,00025 Jan 202203 Nov 2023647 Days
Flat 4a, Vincent House, Vincent Square, London, Greater London, SW1P 2NB£1,295,000£1,205,000-£90,00012 Jul 202303 Nov 2023114 Days
Flat 23, Probyn House, Page Street, London, Greater London, SW1P 4BG£350,000£340,000-£10,00013 Jun 202327 Oct 2023136 Days
Flat 62, Horsley Court, Montaigne Close, London, Greater London, SW1P 4BF£2,000,000£1,690,000-£310,00023 Dec 202225 Oct 2023306 Days
Flat 11, Vincent Square Mansions, Walcott Street, London, Greater London, SW1P 2NT£1,095,000£972,500-£122,50004 Aug 202220 Oct 2023442 Days
Flat 11, St Augustines Mansions, Bloomburg Street, London, Greater London, SW1V 2RG£1,595,000£1,475,000-£120,00013 Jul 202329 Sep 202378 Days
Flat 8, Tounson Court, Montaigne Close, London, Greater London, SW1P 4AQ£999,999£990,000-£9,99916 Jun 202320 Sep 202396 Days
Flat 45, Edric House, Page Street, London, Greater London, SW1P 4ER£450,000£430,000-£20,00021 Feb 202218 Sep 2023574 Days
Flat 40, Horsley Court, Montaigne Close, London, Greater London, SW1P 4BF£850,000£780,000-£70,00019 Jun 202313 Sep 202386 Days
Flat 2, Octavia House, Medway Street, London, Greater London, SW1P 2TA£1,200,000£1,075,000-£125,00013 Jan 202301 Sep 2023231 Days
Flat 128, Hide Tower, Regency Street, London, Greater London, SW1P 4AB£450,000£450,000£0007 Feb 202327 Jun 2023140 Days
Flat 50, Brunswick Court, Regency Street, London, Greater London, SW1P 4AE£760,000£725,000-£35,00002 May 201714 Jun 20232234 Days
Flat 27, Rossetti House, Erasmus Street, London, Greater London, SW1P 4HT£675,000£645,000-£30,00002 Nov 202202 Jun 2023212 Days
Flat 36, Bennett House, Page Street, London, Greater London, SW1P 4ET£570,000£530,000-£40,00001 Feb 202314 Apr 202372 Days
55d, Greencoat Place, London, Greater London, SW1P 1DS£400,000£385,000-£15,00008 Nov 202224 Mar 2023136 Days
Flat 60, Dolben Court, Montaigne Close, London, Greater London, SW1P 4BB£2,995,000£2,575,000-£420,00019 Jan 202303 Mar 202343 Days
Flat 60, Tothill House, Page Street, London, Greater London, SW1P 4DH£615,000£600,000-£15,00012 Sep 202227 Jan 2023137 Days

Most Expensive Streets in Westminster

PostcodeStreetAreaAverageNo. of Sales
SW1H 0AFVictoria StreetLondon£4,565,0004
SW1P 3LDLord North StreetLondon£3,436,6663
SW1P 3HLSmith SquareLondon£3,331,2876
SW1A 2ELWhitehall CourtLondon£2,188,7705
SW1P 4FEAbell House 31John Islip Street, London£2,113,60212
SW1P 4QAPonsonby TerraceLondon£1,903,1254
SW1P 4FAMillbankLondon£1,829,1439
SW1P 2DUHorseferry RoadLondon£1,765,0004
SW1P 2NUVincent SquareLondon£1,730,8336
SW1P 2FEHorseferry RoadLondon£1,641,2504

Least Expensive Streets in Westminster

PostcodeStreetAreaAverageNo. of Sales
SW1P 4EHWilkie HouseCureton Street, London£381,6663
SW1P 4BJJessel HousePage Street, London£386,0003
SW1P 4BGProbyn HousePage Street, London£396,6666
SW1P 4BQProbyn HousePage Street, London£415,0004
SW1P 4ABHide TowerRegency Street, London£442,0003
SW1P 4EREdric HousePage Street, London£458,7504
SW1P 1BSRochester RowLondon£479,5005
SW1P 4NRChapter ChambersLondon£481,4105
SW1P 1JWAdmiral HouseWillow Place£481,6663
SW1P 4BHJessel HousePage Street, London£508,7504

Explore Westminster and Neighbouring Area House Prices

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