Key indicators for buyers
The EC2P market presents a mixed picture for buyers. Prices are rising at 48384.8%, which may favour acting sooner rather than later. Affordability has improved from a peak of 15.3x in 2015 to 11.1x today.
Yearly averages · HM Land Registry Price Paid Data
The average property in EC2P sold for £40,000,000 in 2020, with a median of £40,000,000 across 1 transactions. Prices rose 48384.8% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider City of London area
A home in City of London costs 11.1x the local median salary — very stretched, improving from a peak of 15.3x in 2015.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average City of London price of £40,000,000 with a 25% deposit (£10.0M), a 2-year fixed mortgage at 3.97% costs around £157,855 per month.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
37, WOOD STREET EC2P 2NQ | Other | £40,000,000 | 29 Jan 2020 |
SEVENTH FLOOR, 41, LOTHBURY EC2P 2BP | Other | £25,000 | 7 Jun 2016 |
SEVENTH FLOOR, 41, LOTHBURY EC2P 2BP | Other | £140,000 | 3 Mar 2016 |
The most recent recorded sale in EC2P was a other property on Wood Street for £40,000,000 in January 2020. Across the last 3 sales, the median price was £140,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.