London House Prices by London borough

Published 16th of June, 2021

The latest data from the Land Registry shows that the average house price in London fell by 2.0% or £10,073 to £491,687 in April 2021. During April 2021 house prices rose in 19 of the 34 London boroughs. We expect that the house price falls relate to the initially scheduled end to the Stamp Duty Holiday and would expect house prices in London to rise in the coming months. 

The biggest falls were in Kensington and Chelsea where average house prices fell by £97,245 followed by Brent down £30,350, and Islington down £28,151.

The biggest London house price gains last month were to be found in the City of London up £50,804, Harrow up £16,886 and Lambeth up £16,196. 

House Prices in London

The average house price in London is £491,687. This is 83% or £223,307 higher than the £268,380 average house price in England.

House prices in London have risen by 3.3% over the last twelve months compared to an average increase in house prices across England of 8.9%. In absolute monetary terms, this translates to an average increase of £15,527 in London and £17,514 in England.

To see the house prices and house price trends by London borough keep reading, you will find all that house price data in the body of this article.

London House Price Outlook

In the short term, following the hiatus of the first pandemic Stamp Duty Holiday, we expect house prices in London to increase.  House prices fell back in April 2021 as homebuyers agreed prices assuming that they would miss the original stamp duty holiday deadline of 31 March 2021. As London homebuyers take advantage of the extended stamp duty holiday we expect London house prices to move up.  

In the medium term as the pandemic, risks subside and the UK economy is re-opened we would expect to see a continued recovery in housing transaction volumes and positive momentum maintained for house prices.

Please note that lower than usual levels of housing transactions mean that house prices at the borough level will show higher levels of volatility than normal.

 

London House Price Graphs

 

House Price Graph 1: Average London House Prices Since January 2019

Chart showing average London House Prices

House prices in London fell by 2.0% or £10,073 last month, whereas house prices fell by 1.9% or £5,106 on average across England.

House Price Graph 2: Average London House Prices by London Borough

Chart showing average house prices by london borough twindig anthony codling

London House Price Stamp Duty Holiday Winners

Harrow has seen the highest level of house price inflation since the start of the Stamp Duty Holiday with prices up £55,566 or 12.4%.

House prices in Ealing and Lewisham where house prices have increased by £38,914 and £35,425 respectively make up the podium. At the other end of the scale house prices in Kensington and Chelsea have fallen by 13.1% (£171,084) and the Cities of London and Westminster have fallen by £77,573 and £41,938 respectively since the start of the Stamp Duty Holiday.

Overall London house prices have increased by £12,102 since the start of the Stamp Duty Holiday, which is less than the £15,000 maximum saving. However, house prices have risen by more than £15,000 in 21 of London's 34 boroughs. 

Change in London house prices by borough since the stamp duty holiday twindig anthony coling

How much is my house worth?

If you would like to quickly see how much your house is worth you can do so by visiting twindig.com we have details of every house across the country, all 28 million, not just the one million or so that are currently for sale or rent

How much is my house worth

 

London house prices by borough

In this section, we look at the house price trends for each London borough, borough by borough

Table showing london house price changes by london borough twindig anthony codling

House prices in Kensington and Chelsea

The average house price in Kensington and Chelsea is £1,129,971. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.

House prices in Kensington and Chelsea have:

  • Fallen by 16.7% or £226,927 over the last twelve months

  • Fallen by 7.9% or £97,245 in the last month

  • Fallen by 13.1% or £171,084 since the announcement of the Stamp Duty Holiday

 

House prices in the City of Westminster

The average house price in the City of Westminster is £918,858.

House prices in the City of Westminster have:

  • Fallen by 11.1% or £114,973 over the last twelve months

  • Fallen by 1.9% or £17,977 in the last month

  • Fallen by 4.4% or £41,938 since the announcement of the Stamp Duty Holiday

 

House prices in Camden

The average house price in Camden is £812,624.

House prices in Camden have:

  • Fallen by 5.9% or £50,892 over the last twelve months

  • Risen by 1.1% or £9,042 in the last month

  • Fallen by 3.8% or £31,814 since the announcement of the Stamp Duty Holiday

 

House prices in the City of London

The average house price in the City of London is £793,432

House prices in the City of London have:

  • Fallen by 13.6% or £124,826  over the last twelve months

  • Risen by 6.8% or £50,804  in the last month

  • Fallen by 8.9% or £77,573  since the announcement of the Stamp Duty Holiday

 

House Prices in Hammersmith and Fulham

The average house price in Hammersmith and Fulham is £703,385.

House prices in Hammersmith and Fulham have:

  • Risen by 1.2% or £8,042 over the last twelve months

  • Fallen by 1.3% or £9,462 in the last month

  • Fallen by 2.7% or £19,755 since the announcement of the Stamp Duty Holiday

 

House Prices in Islington

The average house price in Islington is £673,362.

House prices in Islington have:

  • Risen by 5.1% or £32,690 over the last twelve months

  • Fallen by 4.0% or £28,151 in the last month

  • Risen by 5.1% or £32,512 since the announcement of the Stamp Duty Holiday

 

House Prices in Richmond

 The average house price in Richmond is £696,476

 House prices in Richmond have:

  • Risen by 3.7% or £24,898 over the last twelve months

  • Risen by 1.3% or £9,243 in the last month

  • Fallen  by 0.8% or £5,921  since the announcement of the Stamp Duty Holiday

 

House Prices in Wandsworth

The average house price in Wandsworth is £589,904

House prices in Wandsworth have:

  • Fallen by 3.5% or £21,352 over the last twelve months

  • Fallen by 1.6% or £9,572 in the last month

  • Fallen by 0.5% or £2,793 since the announcement of the Stamp Duty Holiday

 

House Prices in Haringey

The average house price in Haringey is £561,253.

House prices in Haringey have:

  • Risen by 3.4% or £18,283 over the last twelve months

  • Fallen by 4.4% or £25,702 in the last month

  • Risen by 4.1% or £22,028 since the announcement of the Stamp Duty Holiday

 

House Prices in Hackney

The average house price in Hackney is £599,308.

House prices in Hackney have:

  • Risen by 4.0% or £23,064 over the last twelve months

  • Fallen by 1.6% or £9,819 in the last month

  • Risen by 3.6% or £20,693 since the announcement of the Stamp Duty Holiday

 

House Prices in Merton

 The average house price in Merton is £545,179.

 House prices in Merton have:

  • Risen by 7.2% or £36,383 over the last twelve months

  • Fallen by 1.6% or £9,106 in the last month

  • Risen by 4.4% or £22,803 since the announcement of the Stamp Duty Holiday

 

House Prices in Lambeth

The average house price in Lambeth is £547,505.

House prices in Lambeth have:

  • Risen by 8.9% or £44,943 over the last twelve months

  • Risen by 3.0% or £16,196 in the last month

  • Risen by 6.3% or £32,257 since the announcement of the Stamp Duty Holiday

 

House Prices in Barnet

The average house price in Barnet is £544,682.

House prices in Barnet have:

  • Risen by 2.6% or £14,047 over the last twelve months

  • Risen by 1.1% or £5,798 in the last month

  • Risen by 4.4% or £22,838 since the announcement of the Stamp Duty Holiday

 

House Prices in Kingston upon Thames

The average house price in Kingston upon Thames is £501,788.

House prices in Kingston upon Thames have:

  • Risen by 3.0% or £14,443 over the last twelve months

  • Fallen by 1.7% or £8,638 in the last month

  • Risen by 4.0% or £19,260 since the announcement of the Stamp Duty Holiday

 

House Prices in Brent

 The average house price in Brent is £479,010.

House prices in Brent have:

  • Risen by 1.6% or £7,656 over the last twelve months

  • Fallen by 6.0% or £30,350 in the last month

  • Fallen by 1.3% or £30,350 since the announcement of the Stamp Duty Holiday

 

House Prices in Ealing

 The average house price in Ealing is £504,519.

 House prices in Ealing have:

  • Risen by 5.8% or £27,696 over the last twelve months

  • Risen by 0.4% or £2,043 in the last month

  • Risen by 8.4% or £27,696 since the announcement of the Stamp Duty Holiday

 

House Prices in Southwark

The average house price in Southwark is £527,883.

House prices in Southwark have:

  • Risen by 4.8% or £24,273 over the last twelve months

  • Fallen by 0.2% or £951 in the last month

  • Risen by 3.1% or £15,951 since the announcement of the Stamp Duty Holiday

 

House Prices in Tower Hamlets

The average house price in Tower Hamlets is £473,355.

House prices in Tower Hamlets have:

  • Risen by 1.2% or £5,576 over the last twelve months

  • Fallen by 1.4% or £6,533276 in the last month

  • Risen by 5.5% or £24,678 since the announcement of the Stamp Duty Holiday

 

House Prices in Waltham Forest

 The average house price in Waltham Forest is £480,235.

 House prices in Waltham Forest have:

  • Risen by 8.9% or £39,239 over the last twelve months

  • Fallen by 1.4% or £6,734 in the last month

  • Risen by 6.9% or £30,854 since the announcement of the Stamp Duty Holiday

 

House Prices in Harrow

The average house price in Harrow is £502,786.

House prices in Harrow have:

  • Risen by 11.0% or £49,712 over the last twelve months

  • Risen by 3.5% or £16,886 in the last month

  • Risen by 12.4% or £55,566 since the announcement of the Stamp Duty Holiday

 

House Prices in Bromley

The average house price in Bromley is £456,681.

House prices in Bromley have:

  • Risen by 5.5% or £23,870 over the last twelve months

  • Fallen by 1.2% or £5,714 in the last month

  • Risen by 7.5% or £31,768 since the announcement of the Stamp Duty Holiday

  

House Prices in Lewisham

 The average house price in Lewisham is £458,056.

House prices in Lewisham have:

  • Risen by 10.7% or £44,372 over the last twelve months

  • Risen by 1.6% or £7,410 in the last month

  • Risen by 8.4% or £34,425 since the announcement of the Stamp Duty Holiday

 

House Prices in Redbridge

The average house price in Redbridge is £448,806.

 House prices in Redbridge have:

  • Risen by 6.9% or £28,907 over the last twelve months

  • Fallen by 1.3% or £5,847 in the last month

  • Risen by 8.5% or £35,047 since the announcement of the Stamp Duty Holiday

 

House Prices in Hounslow

 The average house price in Hounslow is £427,900.

House prices in Hounslow have:

  • Risen by 6.3% or £25,488 over the last twelve months

  • Risen by 0.6% or £2,710 in the last month

  • Risen by 8.4% or £33,014 since the announcement of the Stamp Duty Holiday

 

House Prices in Hillingdon

The average house price in Hillingdon is £432,341.

House prices in Hillingdon have:

  • Risen by 7.5% or £30,124 over the last twelve months

  • Risen by 1.8% or £7,674 in the last month

  • Risen by 7.2% or £28,949 since the announcement of the Stamp Duty Holiday

 

House Prices in Greenwich

The average house price in Greenwich is £399,475.

House prices in Greenwich have:

  • Risen by 0.3% or £1,251 over the last twelve months

  • Fallen by 3.4% or £14,220 in the last month

  • Risen by 2.4% or £9,179 since the announcement of the Stamp Duty Holiday

 

House Prices in Enfield

The average house price in Enfield is £422,476.

House prices in Enfield have:

  • Risen by 6.7% or £26,591 over the last twelve months

  • Risen by 0.7% or £2,958 in the last month

  • Risen by 8.8% or £34,239 since the announcement of the Stamp Duty Holiday

 

House Prices in Croydon

 The average house price in Croydon is £394,879.

 House prices in Croydon have:

  • Risen by 7.1% or £26,316 over the last twelve months

  • Risen by 1.1% or £4,328 in the last month

  • Risen by 5.9% or £21,837 since the announcement of the Stamp Duty Holiday

 

House Prices in Sutton

The average house price in Sutton is £402,550.

House prices in Sutton have:

  • Risen by 6.8% or £25,605 over the last twelve months

  • Risen by 0.8% or £3,364 in the last month

  • Risen by 8.2% or £30,644 since the announcement of the Stamp Duty Holiday

  

House Prices in Newham

The average house price in Newham is £382,016.

House prices in Newham have:

  • Risen by 4.0% or £14,728 over the last twelve months

  • Fallen by 2.7% or £10,527 in the last month

  • Risen by 0.7% or £2,798 since the announcement of the Stamp Duty Holiday

 

House Prices in Havering

The average house price in Havering is £385,572.

House prices in Havering have:

  • Risen by 4.9% or £17,917 over the last twelve months

  • Risen by 0.3% or £1,241 in the last month

  • Risen by 4.0% or £14,869 since the announcement of the Stamp Duty Holiday

 

House Prices in Bexley

The average house price in Bexley is £358,959.

House prices in Bexley have:

  • Risen by 4.9% or £16,919 over the last twelve months

  • Fallen by 1.6% or £5,929 in the last month

  • Risen by 5.1% or £17,479 since the announcement of the Stamp Duty Holiday

 

House Prices in Barking and Dagenham

The average house price in Barking and Dagenham is £312,228.

House prices in Barking and Dagenham have:

  • Risen by 7.1% or £20,685 over the last twelve months

  • Fallen by 1.1% or £3,463 in the last month

  • Risen by 4.5% or £13,345 since the announcement of the Stamp Duty Holiday


UK average house prices


To read our analysis of UK house prices by region click on the link below

Anthony Codling
CEO, Twindig

Subscribe to Market Views