London House Prices by London borough

Published 15th of September, 2021

The latest data from the Land Registry shows that the average house price in London fell by 2.0% or £10,000 to £494,673 in July 2021. House prices fell in 17 of the 34 London boroughs.

The biggest London house price gains last month were to be found in Kensington and Chelsea up £102,995 or 8.4%, Hammersmith & Fulham up £59,138 or 7.9% and Hackney up £41,501 or 2.9%.  

The biggest falls were in the City of London down 12.0% or £96,142, followed by Lambeth down £36,430 or 6.7% and Hounslow down £23,612 or 5.4% .


House Prices in London

The average house price in London is £494,673. This is 83% or £223,699 higher than the £270,973 average house price in England.

House prices in London have risen by 2.2% over the last twelve months compared to an average increase in house prices across England of 7.0%. In absolute monetary terms, this translates to an average increase of £10,843 in London and £17,747 in England. House prices in England have therefore increased more in both relative and 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

In the short term, following the hiatus of the step change in the stamp duty holiday threshold, we expect house prices in London to increase.  The move in house prices in July this year is similar to the pattern we saw in earlier in the year in April 2021 where house prices fell back as homebuyers agreed prices assuming that they would miss the original stamp duty holiday deadline of 31 March 2021. Once the stamp duty holiday impact has unwound,  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 £10,000 last month, whereas house prices rose by 2.2% or £10,843 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

Hammersmith and Fulham is currently top of the STamp Duty Holiday league, with average house prices up almost £89,000 since the start of the stamp duty holiday.

Enfield is in second place up £50,838 followed by Brent in third place with house price gains of £48,934. 

Across London house prices have increased in 28 of the 34 boroughs since the start of the Stamp Duty Holiday.

The biggest losers have been the City of London where prices have fallen by £166,245 or 19.1%, the City of Westminster prices down £73,620 or 7.6% and Camden down £28,418 or 3.4%. 

Overall London house prices have increased by £14,703 or 3.1% since the start of the Stamp Duty Holiday, which is surprisingly close to the £15,000 maximum saving. House prices have risen by more than £15,000 in 22 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 £1,332,496. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.

House prices in Kensington and Chelsea have:

  • Risen by 0.7% or £9,825 over the last twelve months

  • Risen by 8.4% or £102,995 in the last month

  • Risen by 2.4% or £30,713 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 £898,011.

House prices in the City of Westminster have:

  • Fallen by 3.1% or £29,053 over the last twelve months

  • Risen by 3.1% or £26,622 in the last month

  • Fallen by 7.6% or £73,620 since the announcement of the Stamp Duty Holiday

 

House prices in Camden

The average house price in Camden is £818,260.

House prices in Camden have:

  • Fallen by 0.0% or £339 over the last twelve months

  • Fallen by 2.4% or £20,160 in the last month

  • Fallen by 3.4% or £28,418 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 £705,091

House prices in the City of London have:

  • Fallen by 10.4% or £81,769  over the last twelve months

  • Fallen by 12.0% or £96,142  in the last month

  • Fallen by 19.11% or £166,245  since the announcement of the Stamp Duty Holiday

 

House Prices in Hammersmith and Fulham

The average house price in Hammersmith and Fulham is £810,146.

House prices in Hammersmith and Fulham have:

  • Risen by 6.9% or £52,198 over the last twelve months

  • Risen by 7.9% or £59,138 in the last month

  • Risen by 12.3% or £88,865 since the announcement of the Stamp Duty Holiday

 

House Prices in Islington

The average house price in Islington is £651,748.

House prices in Islington have:

  • Fallen by 0.5% or £3,128 over the last twelve months

  • Fallen by 2.1% or £13,738 in the last month

  • Risen by 1.7% or £10,829 since the announcement of the Stamp Duty Holiday

 

House Prices in Richmond

 The average house price in Richmond is £713,880

 House prices in Richmond have:

  • Risen by 3.4% or £23,600 over the last twelve months

  • Risen by 0.8% or £5,976 in the last month

  • Risen by 2.0% or £14,195  since the announcement of the Stamp Duty Holiday

 

House Prices in Wandsworth

The average house price in Wandsworth is £600,530

House prices in Wandsworth have:

  • Risen by 0.9% or £5,232 over the last twelve months

  • Fallen by 1.5% or £9,188 in the last month

  • Risen by 1.4% or £8,110 since the announcement of the Stamp Duty Holiday

 

House Prices in Haringey

The average house price in Haringey is £554,209.

House prices in Haringey have:

  • Risen by 2.6% or £13,997 over the last twelve months

  • Fallen by 1.7% or £9,564 in the last month

  • Risen by 3.0% or £16,145 since the announcement of the Stamp Duty Holiday

 

House Prices in Hackney

The average house price in Hackney is £611,666.

House prices in Hackney have:

  • Risen by 2.9% or £17,087 over the last twelve months

  • Risen by 7.3% or £41,501 in the last month

  • Risen by 5.6% or £32,617 since the announcement of the Stamp Duty Holiday

 

House Prices in Merton

 The average house price in Merton is £540,972.

 House prices in Merton have:

  • Risen by 2.4% or £12,629 over the last twelve months

  • Risen by 0.2% or £1,146 in the last month

  • Risen by 3.5% or £18,204 since the announcement of the Stamp Duty Holiday

 

House Prices in Lambeth

The average house price in Lambeth is £510,057.

House prices in Lambeth have:

  • Fallen by 4.7% or £25,179 over the last twelve months

  • Fallen by 6.7% or £36,430 in the last month

  • Fallen by 1.2% or £6,043 since the announcement of the Stamp Duty Holiday

 

House Prices in Barnet

The average house price in Barnet is £536,926.

House prices in Barnet have:

  • Risen by 3.3% or £17,204 over the last twelve months

  • Fallen by 1.2% or £6,289 in the last month

  • Risen by 2.9% or £15,290 since the announcement of the Stamp Duty Holiday

 

House Prices in Kingston upon Thames

The average house price in Kingston upon Thames is £515,249.

House prices in Kingston upon Thames have:

  • Risen by 6.0% or £29,099 over the last twelve months

  • Risen by 0.2% or £878 in the last month

  • Risen by 7.2% or £34,770 since the announcement of the Stamp Duty Holiday

 

House Prices in Brent

 The average house price in Brent is £535,095.

House prices in Brent have:

  • Risen by 10.2% or £49,443 over the last twelve months

  • Risen by 3.6% or £18,462 in the last month

  • Risen by 10.1% or £48,934 since the announcement of the Stamp Duty Holiday

 

House Prices in Ealing

 The average house price in Ealing is £508,177.

 House prices in Ealing have:

  • Risen by 7.2% or £34,280 over the last twelve months

  • Risen by 0.4% or £1,990 in the last month

  • Risen by 8.5% or £39,578 since the announcement of the Stamp Duty Holiday

 

House Prices in Southwark

The average house price in Southwark is £525,532.

House prices in Southwark have:

  • Risen by 3.0% or £15,413 over the last twelve months

  • Risen by 3.4% or £17,156 in the last month

  • Risen by 2.6% or £13,388 since the announcement of the Stamp Duty Holiday

 

House Prices in Tower Hamlets

The average house price in Tower Hamlets is £496,344.

House prices in Tower Hamlets have:

  • Risen by 9.6% or £43,342 over the last twelve months

  • Fallen by 3.3% or £15,910 in the last month

  • Risen by 10.5% or £47,241 since the announcement of the Stamp Duty Holiday

 

House Prices in Waltham Forest

 The average house price in Waltham Forest is £490,728.

 House prices in Waltham Forest have:

  • Risen by 10.2% or £45,286 over the last twelve months

  • Risen by 2.7% or £12,999 in the last month

  • Risen by 9.1% or £40,7546 since the announcement of the Stamp Duty Holiday

 

House Prices in Harrow

The average house price in Harrow is £495,475.

House prices in Harrow have:

  • Risen by 9.5% or £43,025 over the last twelve months

  • Fallen by 1.2% or £6,125 in the last month

  • Risen by 10.8% or £48,225 since the announcement of the Stamp Duty Holiday

 

House Prices in Bromley

The average house price in Bromley is £464,008.

House prices in Bromley have:

  • Risen by 8.1% or £34,926 over the last twelve months

  • Fallen by 2.3% or £10,739 in the last month

  • Risen by 9.1% or £38,597 since the announcement of the Stamp Duty Holiday

  

House Prices in Lewisham

 The average house price in Lewisham is £412,245.

House prices in Lewisham have:

  • Fallen by 2.0% or £8,555 over the last twelve months

  • Fallen by 4.4% or £19,088 in the last month

  • Fallen by 2.6% or £10,947 since the announcement of the Stamp Duty Holiday

 

House Prices in Redbridge

The average house price in Redbridge is £451,284.

 House prices in Redbridge have:

  • Risen by 8.5% or £35,176 over the last twelve months

  • Fallen by 0.7% or £3,350 in the last month

  • Risen by 9.0% or £37,296 since the announcement of the Stamp Duty Holiday

 

House Prices in Hounslow

 The average house price in Hounslow is £413,411.

House prices in Hounslow have:

  • Risen by 3.9% or £15,651 over the last twelve months

  • Fallen by 5.4% or £23,612 in the last month

  • Risen by 4.0% or £15,899 since the announcement of the Stamp Duty Holiday

 

House Prices in Hillingdon

The average house price in Hillingdon is £422,359.

House prices in Hillingdon have:

  • Risen by 3.2% or £12,940 over the last twelve months

  • Fallen by 2.2% or £9,394 in the last month

  • Risen by 4.7% or £19,094 since the announcement of the Stamp Duty Holiday

 

House Prices in Greenwich

The average house price in Greenwich is £398,099.

House prices in Greenwich have:

  • Risen by 2.5% or £9,620 over the last twelve months

  • Fallen by 5.5% or £22,995 in the last month

  • Risen by 1.7% or £6,660 since the announcement of the Stamp Duty Holiday

 

House Prices in Enfield

The average house price in Enfield is £438,360.

House prices in Enfield have:

  • Risen by 12.7% or £49,511 over the last twelve months

  • Risen by 2.9% or £12,277 in the last month

  • Risen by 13.1% or £50,838 since the announcement of the Stamp Duty Holiday

 

House Prices in Croydon

 The average house price in Croydon is £389,967.

 House prices in Croydon have:

  • Risen by 3.5% or £13,105 over the last twelve months

  • Risen by 0.1% or £392 in the last month

  • Risen by 4.7% or £17,567 since the announcement of the Stamp Duty Holiday

 

House Prices in Sutton

The average house price in Sutton is £401,331.

House prices in Sutton have:

  • Risen by 7.1% or £26,510 over the last twelve months

  • Risen by 1.6% or £6,330 in the last month

  • Risen by 7.7% or £28,646 since the announcement of the Stamp Duty Holiday

  

House Prices in Newham

The average house price in Newham is £368,631.

House prices in Newham have:

  • Fallen by 3.1% or £11,936 over the last twelve months

  • Fallen by 3.4% or £12,854 in the last month

  • Fallen by 3.1% or £11,655 since the announcement of the Stamp Duty Holiday

 

House Prices in Havering

The average house price in Havering is £390,572.

House prices in Havering have:

  • Risen by 4.5% or £16,956 over the last twelve months

  • Fallen by 0.1% or £229 in the last month

  • Risen by 5.3% or £19,516 since the announcement of the Stamp Duty Holiday

 

House Prices in Bexley

The average house price in Bexley is £366,710.

House prices in Bexley have:

  • Risen by 6.5% or £22,401 over the last twelve months

  • Risen by 1.2% or £4,201 in the last month

  • Risen by 7.4% or £25,392 since the announcement of the Stamp Duty Holiday

 

House Prices in Barking and Dagenham

The average house price in Barking and Dagenham is £322,949.

House prices in Barking and Dagenham have:

  • Risen by 6.5% or £19,833 over the last twelve months

  • Risen by 1.4% or £4,432 in the last month

  • Risen by 8.0% or £23,955 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

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