London House Prices by London borough

Published 16th of November, 2022

London house prices 2022

The latest data from the Land Registry shows that the average house price in London fell by 0.6% or £3,206 to £554,113 in September 2022. House prices fell in 11 of the 34 London boroughs during September.

The biggest rises were in Brent up £30,500 (5.5%), Kensington and Chelsea up £21,000 (1.5%) and Haringey up £18,300 (3.0%).

The biggest London house price falls last month were to be found in the City of Westminster down £45,300 (4.6%), the City of London down £24,100 (3.0%) and Camden down £14,400 (1.7%).   



House Prices in London

The average house price in London is £544,133. This is 73% or £229,835 higher than the £314,278 average house price in England.

House prices in London have risen by 6.9% over the last twelve months compared to an average increase in house prices across England of 9.6%. 

In absolute monetary terms, this translates to an average increase of £34,965 in London and £27,446 in England. House prices in England have therefore increased more in relative terms, but less in absolute terms than they have in London over the last 12 months. 

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

After a very hectic couple of years in the London housing market, it seemed initially in 2022 that the London housing market was returning to more normal trading patterns, although a shortage of homes for sale had kept prices keen.  

The rate of house price growth in London is starting to slow, suggesting that the cost of living crisis is starting to bite. However, house prices are continuing to rise in London, rising in 22 of London's 34 boroughs in September 2022.  

In the medium term, the war on inflation has overtaken the COVID-19 pandemic as the biggest risk factor for London house prices, but as inflation is taken back under control 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.

Claim your free digital property logbook and keep up to date with the house prices on your street


 

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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 0.6% or £3,206 last month, whereas house prices were virtually unchanged, rising by just £10 on average across England.

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

Chart showing average house prices in London by London borough twindig anthony codling


London House price Winners last month

We show in the chart below London's house price winners over the last month in percentage terms across the top 25 London boroughs

Graph chart showing biggest percentage house price gains last month  by London borough twindig anthony codling


We show in the chart below the biggest absolute gains in house prices (house price increases in monetary value) across the top performing 25 London boroughs

Graph chart showing house price winners by london borough last month in monetary terms twindig anthony codling


London House price Winners last year

We show in the chart below the top 25 London boroughs by house price gains in percentage terms over the last year


Graph chart showing biggest percentage London house price gains over the last 12 months year twindig anthony codling

We show in the chart below the top 25 London boroughs by house price gains in monetary terms over the last year


London House Price Losers Last Month

We show in the chart below London's house price losers over the last month in percentage terms 


Graph chart showing London's house price losers, house price falls last month in percentage terms twindig anthony codling

We show in the chart below London's house price losers in monetary terms over the last month 

Chart graph London house price falls last month by borough in monetary terms twindig anthony codling


London House Price Losers Last 12 months

We show in the chart below London's house price losers over the last 12 months (one year) in percentage terms 

Chart graph showing London's house price falls over the last 12 months year in percentage terms twindig anthony codling


We show in the chart below London's house price losers over the last 12 months (one year) in monetary terms


London House Price Lockdown Winners and Losers

We show in the chart below the change in London house prices since the first lockdown in March 2020, we believe this to be a good proxy for the impact of the COVID-19 pandemic on the London housing market.

The biggest lockdown house price winners 

Brent where average house prices are up £121,460 (26.0%)

Richmond upon Thames house prices are up £121,236 (18.4%), and

Harrow where house prices are up £94,771 (21.0%)

On average house prices in London have increased by £61,500 or by 12.7% since the start of the first lockdown, whereas across England average house prices have increased by £65,157 or 26.2%

The biggest lockdown house price losers

At the other end of the scale two London boroughs have seen house prices fall since the start of the first lockdown: 

House prices in the City of Westminster have fallen by £79,100 or 7.8% since the start of the first lockdown.

House prices in the City of London have decreased by £63,700 (7.5%), and

House prices in Camden have fallen by  £10,700 (1.3%)



We show the house price changes since lockdown for each London borough below:

Graph chart to show impact of COVID-19 on london house prices twindig anthony codling




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 in London last month and last year by london borough twindig anthony codling

House prices in Kensington and Chelsea

The average house price in Kensington and Chelsea is £1,393,453. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.

House prices in Kensington and Chelsea have:

  • Fallen by 4.2% or £60,349 over the last twelve months

  • Risen by 1.5% or £20,989 in the last month

  • Risen by 4.1% or £55,505 since the start of Lockdown One

 

House prices in the City of Westminster

The average house price in the City of Westminster is £930,185.

House prices in the City of Westminster have:

  • Fallen by 9.4% or £96,114 over the last twelve months

  • Fallen by 4.6% or £45,280 in the last month

  • Fallen by 7.8% or £79,089 since the start of Lockdown One

 

House prices in Camden

The average house price in Camden is £867,771.

House prices in Camden have:

  • Fallen by 0.4% or £3,293 over the last twelve months

  • Risen by 3.1% or £26,0.35 in the last month

  • Risen by 2.4% or £19,956 since the start of Lockdown One

 

House prices in the City of London

The average house price in the City of London is £783,570

House prices in the City of London have:

  • Fallen by 14.0% or £127,690 over the last twelve months

  • Fallen by 3.0% or £24,077 in the last month

  • Fallen by 7.5% or £63,670 since the start of Lockdown One

 

House Prices in Hammersmith and Fulham

The average house price in Hammersmith and Fulham is £797,857.

House prices in Hammersmith and Fulham have:

  • Fallen by 6.5% or £55,544 over the last twelve months

  • Risen by 0.6% or £4,366 in the last month

  • Risen by 10.8% or £77,883 since the start of Lockdown One

 

House Prices in Islington

The average house price in Islington is £735,218.

House prices in Islington have:

  • Risen by 4.9% or £34,053 over the last twelve months

  • Risen by 1.9% or £13,447 in the last month

  • Risen by 12.9% or £84,246 since the start of Lockdown One

 

House Prices in Richmond

 The average house price in Richmond is £780,053

 House prices in Richmond have:

  • Risen by 5.7% or £41,727 over the last twelve months

  • Risen by 0.7% or £5,195 in the last month

  • Risen by 18.4% or £121,236 since the start of Lockdown One

 

House Prices in Wandsworth

The average house price in Wandsworth is £659,683

House prices in Wandsworth have:

  • Risen by 4.8% or £30,027 over the last twelve months

  • Risen by 0.9% or £5,652 in the last month

  • Risen by 8.1% or £49,325 since the start of Lockdown One

 

House Prices in Haringey

The average house price in Haringey is £620,516.

House prices in Haringey have:

  • Risen by 7.4% or £43,020 over the last twelve months

  • Risen by 3.0% or £18,303 in the last month

  • Risen by 14.4% or £78,044 since the start of Lockdown One

 

House Prices in Hackney

The average house price in Hackney is £652,315.

House prices in Hackney have:

  • Risen by 5.9% or £36,548 over the last twelve months

  • Fallen by 0.4% or £2,582 in the last month

  • Risen by 12.9% or £74,667 since the start of Lockdown One

 

House Prices in Merton

 The average house price in Merton is £597,284.

 House prices in Merton have:

  • Risen by 9.7% or £53,013 over the last twelve months

  • Risen by 1.8% or £10,033 in the last month

  • Risen by 17.0% or £86,762 since the start of Lockdown One

 

House Prices in Lambeth

The average house price in Lambeth is £561,556.

House prices in Lambeth have:

  • Risen by 7.6% or £39,842 over the last twelve months

  • Risen by 0.4% or £2,422 in the last month

  • Risen by 8.9% or £46,066 since the start of Lockdown One

 

House Prices in Barnet

The average house price in Barnet is £603,690.

House prices in Barnet have:

  • Risen by 8.9% or £49,131 over the last twelve months

  • Risen by 0.1% or £659 in the last month

  • Risen by 15.6% or £81,496 since the start of Lockdown One

 

House Prices in Kingston upon Thames

The average house price in Kingston upon Thames is £574,926.

House prices in Kingston upon Thames have:

  • Risen by 11.6% or £59,921 over the last twelve months

  • Risen by 2.3% or £13,181 in the last month

  • Risen by 18.3% or £89,070 since the start of Lockdown One

 

House Prices in Brent

The average house price in Brent is £589,056.

House prices in Brent have:

  • Risen by 14.1% or £72,905 over the last twelve months

  • Risen by 5.5% or £30,486 in the last month

  • Risen by 26.0% or £121,549 since the start of Lockdown One

 

House Prices in Ealing

 The average house price in Ealing is £534,909.

 House prices in Ealing have:

  • Risen by 4.6% or £23,666 over the last twelve months

  • Fallen by 0.4% or £1,890 in the last month

  • Risen by 11.7% or £55,902 since the start of Lockdown One

 

House Prices in Southwark

The average house price in Southwark is £564,992.

House prices in Southwark have:

  • Risen by 14.0% or £69,209 over the last twelve months

  • Risen by 0.5% or £2,732 in the last month

  • Risen by 13.3% or £66,490 since the start of Lockdown One

 

House Prices in Tower Hamlets

The average house price in Tower Hamlets is £486,564.

House prices in Tower Hamlets have:

  • Risen by 10.3% or £45,331 over the last twelve months

  • Risen by 1.0% or £4,878 in the last month

  • Risen by 1.8% or £8,594 since the start of Lockdown One

 

House Prices in Waltham Forest

 The average house price in Waltham Forest is £527,883.

 House prices in Waltham Forest have:

  • Risen by 10.6% or £50,583 over the last twelve months

  • Risen by 1.4% or £7,331 in the last month

  • Risen by 21.1% or £91,801 since the start of Lockdown One

 

House Prices in Harrow

The average house price in Harrow is £545,407.

House prices in Harrow have:

  • Risen by 12.6% or £60,896 over the last twelve months

  • Fallen by 0.8% or £4,212 in the last month

  • Risen by 21.0% or £94,771 since the start of Lockdown One

 

House Prices in Bromley

The average house price in Bromley is £523,007.

House prices in Bromley have:

  • Risen by 10.9% or £51,553 over the last twelve months

  • Fallen by 0.3% or £1,507 in the last month

  • Risen by 21.3% or £91,707 since the start of Lockdown One

  

House Prices in Lewisham

 The average house price in Lewisham is £471,809.

House prices in Lewisham have:

  • Risen by 10.2% or £43,836 over the last twelve months

  • Fallen by 0.4% or £2,077 in the last month

  • Risen by 14.3% or £58,996 since the start of Lockdown One

 

House Prices in Redbridge

The average house price in Redbridge is £486,291.

 House prices in Redbridge have:

  • Risen by 6.3% or £28,989 over the last twelve months

  • Fallen by 1.2% or £6,138 in the last month

  • Risen by 15.7% or £65,927 since the start of Lockdown One

 

House Prices in Hounslow

 The average house price in Hounslow is £458,023.

House prices in Hounslow have:

  • Risen by 9.4% or £48,371 over the last twelve months

  • Fallen by 0.2% or £859 in the last month

  • Risen by 11.8% or £48,371 since the start of Lockdown One

 

House Prices in Hillingdon

The average house price in Hillingdon is £469,385.

House prices in Hillingdon have:

  • Risen by 8.9% or £38,262 over the last twelve months

  • Risen by 0.3% or £1,252 in the last month

  • Risen by 14.9% or £60,723 since the start of Lockdown One

 

House Prices in Greenwich

The average house price in Greenwich is £445,493

House prices in Greenwich have:

  • Risen by 13.0% or £51,317 over the last twelve months

  • Risen by 0.7% or £3,226 in the last month

  • Risen by 12.9% or £50,796 since the start of Lockdown One

 

House Prices in Enfield

The average house price in Enfield is £457,055.

House prices in Enfield have:

  • Risen by 6.7% or £28,765 over the last twelve months

  • Risen by 0.4% or £1,795 in the last month

  • Risen by 16.4% or £64,260 since the start of Lockdown One

 

House Prices in Croydon

 The average house price in Croydon is £434,295.

 House prices in Croydon have:

  • Risen by 9.9% or £39,220 over the last twelve months

  • Risen by 1.3% or £5,401 in the last month

  • Risen by 17.6% or £64,899 since the start of Lockdown One

 

House Prices in Sutton

The average house price in Sutton is £442,885.

House prices in Sutton have:

  • Risen by 7.4% or £30,673 over the last twelve months

  • Fallen by 0.1% or £421 in the last month

  • Risen by 18.0% or £67,614 since the start of Lockdown One

  

House Prices in Newham

The average house price in Newham is £421,436.

House prices in Newham have:

  • Risen by 10.7% or £40,732 over the last twelve months

  • Risen by 1.3% or £5,610 in the last month

  • Risen by 13.9% or £51,354 since the start of Lockdown One

 

House Prices in Havering

The average house price in Havering is £431,999.

House prices in Havering have:

  • Risen by 8.6% or £34,160 over the last twelve months

  • Risen by 1.5% or £6,480 in the last month

  • Risen by 18.5% or £67,349 since the start of Lockdown One

 

House Prices in Bexley

The average house price in Bexley is £405,298.

House prices in Bexley have:

  • Risen by 9.3% or £34,411 over the last twelve months

  • Risen by 0.3% or £1,261 in the last month

  • Risen by 19.5% or £66,188 since the start of Lockdown One

 

House Prices in Barking and Dagenham

The average house price in Barking and Dagenham is £350,039.

House prices in Barking and Dagenham have:

  • Risen by 11.6% or £36,521 over the last twelve months

  • Risen by 0.1% or £485 in the last month

  • Risen by 16.6% or £49,873 since the start of Lockdown One


UK average house prices

Graph chart showing latest average uk house prices twindig anthony codling


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

Anthony Codling
CEO, Twindig

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