London House Prices

Published 24th of March, 2021

The latest data from the Land Registry shows that the average house price in London rose by 0.1% or £577 to £501,320 in January 2021. In January 2021 house prices rose in 23 of the 34 London boroughs. Pricing was finely balanced but overall house prices in London rose slightly.

The biggest falls were in Kensington and Chelsea where average house prices fell by £34,888, followed by the City of London down £34,727 and Wandsworth down £19,122.

The biggest London house price gains last month were to be found in Islington up £45,586, Camden up £44,590 and the City of Westminster up £41,083.

House Prices in London

The average house price in London is £501,320. This is 88% or £223,788 higher than the £266,532 average house price in England.

House prices in London have risen by 5.3% over the last twelve months compared to an average increase in house prices across England of 6.2%. In absolute monetary terms, this translates to an average increase of £25,372 in London and £18,634 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, we expect house prices to increase in London following the extension of the Stamp Duty Holiday in this month's Budget. However, the impact of the Stamp Duty Holiday extension will not be seen, at the earliest, until we have the house price data for March 2021.

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

House prices in London rose by 0.1% or £577 last month, whereas house prices fell by 0.6% or £1,512 on average across England.

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

London House Price Stamp Duty Holiday Winners

Haringey has seen the highest level of house price inflation since the start of the Stamp Duty Holiday with prices up £77,835 or 14.3%.

House prices in Islington and Redbridge where house prices have increased by £68,832 and £49,372 respectively make up the podium. At the other end of the scale house prices in the City of London and City of Westminster, neither of which are known for their green spaces have fallen by 11.4% (£100,359) and 0.7% (£6,462) respectively since the start of the Stamp Duty Holiday.

Overall London house prices have increased by more than £15,000 (the maximum stamp duty saving in 27 of London's 34 boroughs.

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

House prices in Kensington and Chelsea

The average house price in Kensington and Chelsea is £1,313,590. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.

House prices in Kensington and Chelsea have:

  • Risen by 5.0% or £62,899 over the last twelve months

  • Fallen by 2.6% or £34,888 in the last month

  • Fallen by 0.3% or 4,026 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 £956,658.

House prices in the City of Westminster have:

  • Fallen by 5.1% or £51,935 over the last twelve months

  • Risen by 4.5% or £41,083 in the last month

  • Fallen by 0.7% or 6,462 since the announcement of the Stamp Duty Holiday

 

 House prices in Camden

The average house price in Camden is £864,668.

House prices in Camden have:

  • Risen by 4.5% or £37,386 over the last twelve months

  • Risen by 5.5% or £44,950 in the last month

  • Risen by 2.9% or £24,699 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 £781,788

House prices in the City of London have:

  • Increased by 1.0% or £7,852  over the last twelve months

  • Fallen by 4.3% or £34,727  in the last month

  • Fallen by 11.4% or £100,359  since the announcement of the Stamp Duty Holiday

 

House Prices in Hammersmith and Fulham

 The average house price in Hammersmith and Fulham is £745,509.

House prices in Hammersmith and Fulham have:

  • Risen by 3.1% or £22,749 over the last twelve months

  • Risen by 3.8% or £27,041 in the last month

  • Risen by 2.1% or £15,284 since the announcement of the Stamp Duty Holiday

 

House Prices in Islington

The average house price in Islington is £712,428.

House prices in Islington have:

  • Risen by 7.0% or £46,582 over the last twelve months

  • Risen by 6.8% or £45,586 in the last month

  • Risen by 10.7% or £68,832 since the announcement of the Stamp Duty Holiday

 

House Prices in Richmond

 The average house price in Richmond is £723,399

 House prices in Richmond have:

  •  Risen by 9.8% or £64,627 over the last twelve months

  •  Risen by 2.6% or £18,649 in the last month

  •  Risen  by 3.9% or £27,033  since the announcement of the Stamp Duty Holiday

 

House Prices in Wandsworth

The average house price in Wandsworth is £618,531

House prices in Wandsworth have:

  • Risen by 2.3% or £14,079 over the last twelve months

  • Fallen by 1.5% or £9,291 in the last month

  • Risen by 3.7% or £21,899 since the announcement of the Stamp Duty Holiday

 

House Prices in Haringey

The average house price in Haringey is £622,104.

House prices in Haringey have:

  • Risen by 12.5% or £68,932 over the last twelve months

  • Risen by 6.1% or £35,492 in the last month

  • Risen by 14.3% or £77,835 since the announcement of the Stamp Duty Holiday

 

House Prices in Hackney

The average house price in Hackney is £599,090.

House prices in Hackney have:

  • Risen by 7.8% or £43,344 over the last twelve months

  • Risen by 1.0% or £6,141 in the last month

  • Risen by 5.0% or £28,284 since the announcement of the Stamp Duty Holiday

 

House Prices in Merton

 The average house price in Merton is £551,175.

 House prices in Merton have:

  • Risen by 10.3% or £51,477 over the last twelve months

  • Fallen by 1.8% or £9,953 in the last month

  • Risen by 5.4% or £28,039 since the announcement of the Stamp Duty Holiday

 

House Prices in Lambeth

The average house price in Lambeth is £542,446.

House prices in Lambeth have:

  • Risen by 3.7% or £24,302 over the last twelve months

  • Risen by 0.8% or £4,393 in the last month

  • Risen by 4.7% or £24,302 since the announcement of the Stamp Duty Holiday

 

House Prices in Barnet

The average house price in Barnet is £544,918.

House prices in Barnet have:

  • Risen by 4.5% or £23,252 over the last twelve months

  • Risen by 1.9% or £10,432 in the last month

  • Risen by 4.3% or £22,686 since the announcement of the Stamp Duty Holiday

 

House Prices in Kingston upon Thames

The average house price in Kingston upon Thames is £498,102.

House prices in Kingston upon Thames have:

  • Risen by 1.7% or £8,266 over the last twelve months

  • Fallen by 1.9% or £9,564 in the last month

  • Risen by 1.4% or £6,742 since the announcement of the Stamp Duty Holiday

 

House Prices in Brent

 The average house price in Brent is £519,355.

House prices in Brent have:

  • Risen by 21.2% or £90,795 over the last twelve months

  • Risen by 4.2% or £21,064 in the last month

  • Risen by 6.8% or £32,847 since the announcement of the Stamp Duty Holiday

 

House Prices in Ealing

 The average house price in Ealing is £501,151.

 House prices in Ealing have:

  •  Risen by 7.2% or £33,737 over the last twelve months

  •  Fallen by 1.1% or £5,743 in the last month

  • Risen by 7.4% or £34,682 since the announcement of the Stamp Duty Holiday

 

House Prices in Southwark

The average house price in Southwark is £535,468.

House prices in Southwark have:

  • Risen by 6.6% or £33,127 over the last twelve months

  • Fallen by 0.7% or £3,567 in the last month

  • Risen by 5.2% or £26,319 since the announcement of the Stamp Duty Holiday

 

House Prices in Tower Hamlets

The average house price in Tower Hamlets is £457,731.

House prices in Tower Hamlets have:

  • Fallen by 1.0% or £4,566 over the last twelve months

  • Fallen by 2.8% or £13,292 in the last month

  • Risen by 1.3% or £5,689 since the announcement of the Stamp Duty Holiday

 

House Prices in Waltham Forest

 The average house price in Waltham Forest is £478,186.

 House prices in Waltham Forest have:

  • Risen by 7.7% or £34,189 over the last twelve months

  •  Risen by 0.7% or £3,098 in the last month

  •  Risen by 6.9% or £30,800 since the announcement of the Stamp Duty Holiday

 

House Prices in Harrow

The average house price in Harrow is £475,996.

House prices in Harrow have:

  • Risen by 6.4% or £28,626 over the last twelve months

  • Risen by 0.1% or £622 in the last month

  • Risen by 7.3% or £32,357 since the announcement of the Stamp Duty Holiday

 

House Prices in Bromley

The average house price in Bromley is £465,318.

House prices in Bromley have:

  • Risen by 7.2% or £31,293 over the last twelve months

  • Risen by 0.6% or £2,669 in the last month

  • Risen by 9.5% or £40,227 since the announcement of the Stamp Duty Holiday

  

House Prices in Lewisham

 The average house price in Lewisham is £450,161.

House prices in Lewisham have:

  • Risen by 9.9% or £40,429 over the last twelve months

  • Risen by 2.1% or £9,230 in the last month

  • Risen by 6.1% or £25,901 since the announcement of the Stamp Duty Holiday

 

House Prices in Redbridge

The average house price in Redbridge is £461,767.

 House prices in Redbridge have:

  • Risen by 10.0% or £42,062 over the last twelve months

  • Risen by 3.4% or £14,981 in the last month

  • Risen by 12.0% or £49,372 since the announcement of the Stamp Duty Holiday

 

House Prices in Hounslow

 The average house price in Hounslow is £429,745.

House prices in Hounslow have:

  • Risen by 4.4% or £18,298 over the last twelve months

  • Risen by 1.8% or £7,633 in the last month

  • Risen by 9.2% or £36,113 since the announcement of the Stamp Duty Holiday

 

House Prices in Hillingdon

The average house price in Hillingdon is £423,124.

House prices in Hillingdon have:

  • Risen by 4.4% or £18,001 over the last twelve months

  • Fallen by 1.7% or £7,112 in the last month

  • Risen by 4.7% or £19,179 since the announcement of the Stamp Duty Holiday

 

House Prices in Greenwich

The average house price in Greenwich is £411,066.

House prices in Greenwich have:

  • Risen by 3.4% or £13,544 over the last twelve months

  • Risen by 0.3% or £1,062 in the last month

  • Risen by 5.9% or £23,029 since the announcement of the Stamp Duty Holiday

 

House Prices in Enfield

The average house price in Enfield is £417,343.

House prices in Enfield have:

  • Risen by 7.1% or £27,694 over the last twelve months

  • Risen by 1.3% or £5,164 in the last month

  • Risen by 8.0% or £30,948 since the announcement of the Stamp Duty Holiday

 

House Prices in Croydon

 The average house price in Croydon is £390,093.

 House prices in Croydon have:

  • Risen by 4.7% or £17,588 over the last twelve months

  • Risen by 1.2% or £4,723 in the last month

  • Risen by 4.1% or £15,418 since the announcement of the Stamp Duty Holiday

 

House Prices in Sutton

The average house price in Sutton is £385,231.

House prices in Sutton have:

  • Risen by 3.7% or £13,818 over the last twelve months

  • Fallen by 2.6% or £10,439 in the last month

  • Risen by 4.1% or £15,030 since the announcement of the Stamp Duty Holiday

  

House Prices in Newham

The average house price in Newham is £378,023.

House prices in Newham have:

  • Risen by 3.4% or £12,366 over the last twelve months

  • Fallen by 1.6% or £6,139 in the last month

  • Risen by 0.8% or £2,816 since the announcement of the Stamp Duty Holiday

 

House Prices in Havering

The average house price in Havering is £387,744.

House prices in Havering have:

  • Risen by 7.4% or £26,720 over the last twelve months

  • Risen by 2.5% or £9,284 in the last month

  • Risen by 4.5% or £16,589 since the announcement of the Stamp Duty Holiday

 

House Prices in Bexley

The average house price in Bexley is £359,197.

House prices in Bexley have:

  • Risen by 6.7% or £22,534 over the last twelve months

  • Risen by 1.2% or £4,176 in the last month

  • Risen by 5.5% or £18,731 since the announcement of the Stamp Duty Holiday

 

House Prices in Barking and Dagenham

The average house price in Barking and Dagenham is £316,257.

House prices in Barking and Dagenham have:

  • Risen by 4.3% or £13,170 over the last twelve months

  • Risen by 1.3% or £4,159 in the last month

  • Risen by 5.3% or £15,850 since the announcement of the Stamp Duty Holiday

Anthony Codling
CEO, Twindig

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