Key indicators for buyers
The NW8 market is moderately favourable for buyers. Prices are rising at 75.1%, which may favour acting sooner rather than later. Affordability has improved from a peak of 25.4x in 2017 to 16.0x today.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider City of Westminster area
A home in City of Westminster costs 16.0x the local median salary — very stretched, improving from a peak of 25.4x in 2017.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider City of Westminster area
Average monthly rent in City of Westminster is £3,138, down 4.6% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average City of Westminster price of £4,008,000 with a 25% deposit (£1.0M), a 2-year fixed mortgage at 3.97% costs around £15,817 per month.
Monthly cost comparison based on current data
Uses NW8 avg. price with City of Westminster rental data
Monthly mortgage payments (£15,817) are £12,679 more than renting (£3,138). However, buying requires an upfront deposit of £1.0M — it would take around 83500 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
20, ORMONDE TERRACE NW8 7LP | Flat/Maisonette | £1,250,000 | 16 Jan 2026 |
29, NORFOLK ROAD NW8 6AU | Detached | £15,500,000 | 9 Jan 2026 |
28, ST EDMUNDS TERRACE NW8 7QB | Terraced | £2,550,000 | 8 Jan 2026 |
FLAT 11, RAMSAY HOUSE, TOWNSHEND ESTATE NW8 6JT | Flat/Maisonette | £350,000 | 7 Jan 2026 |
FLAT 6, 83, ABBEY ROAD NW8 0AG | Flat/Maisonette | £390,000 | 5 Jan 2026 |
FLAT 19, AINSWORTH HOUSE, BOUNDARY ROAD NW8 0HY | Flat/Maisonette | £540,000 | 19 Dec 2025 |
FLAT 38, TURNER HOUSE, TOWNSHEND ESTATE NW8 6LN |
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.
The average property in NW8 sold for £4,008,000 in 2026, with a median of £1,250,000 across 5 transactions. Prices rose 75.1% compared to the previous year.
| Flat/Maisonette |
| £480,000 |
| 15 Dec 2025 |
FLAT 66, NEVILLE COURT, ABBEY ROAD, ST JOHNS WOOD NW8 9DA | Flat/Maisonette | £330,000 | 21 Nov 2025 |
FLAT 7, ABERCORN MANSIONS, 17, ABERCORN PLACE, ST JOHNS WOOD NW8 9DY | Flat/Maisonette | £1,020,000 | 21 Nov 2025 |
55, HAMILTON TERRACE NW8 9RG | Semi-detached | £4,575,000 | 19 Nov 2025 |
FLAT 25, TEMPLAR COURT, 43, ST JOHNS WOOD ROAD NW8 8QJ | Flat/Maisonette | £1,625,000 | 17 Nov 2025 |
FLAT 43, EASTLAKE HOUSE, 41 - 59, FRAMPTON STREET NW8 8LU | Flat/Maisonette | £440,000 | 14 Nov 2025 |
FLAT 211, GROVE END GARDENS, 33, GROVE END ROAD NW8 9LT | Flat/Maisonette | £680,000 | 14 Nov 2025 |
FLAT 75, WILLIAM COURT, 6, HALL ROAD NW8 9PB | Flat/Maisonette | £1,015,000 | 14 Nov 2025 |
FLAT 16, DE WALDEN HOUSE, ALLITSEN ROAD NW8 7BA | Flat/Maisonette | £475,000 | 12 Nov 2025 |
FLAT 1A, 2, AVENUE ROAD NW8 7PU | Flat/Maisonette | £600,000 | 11 Nov 2025 |
FLAT 7, ATHENA COURT, 2, FINCHLEY ROAD NW8 6DP | Flat/Maisonette | £1,300,000 | 10 Nov 2025 |
1, BLENHEIM ROAD NW8 0LU | Semi-detached | £5,700,000 | 7 Nov 2025 |
FLAT 14, WALSINGHAM, ST JOHN'S WOOD PARK NW8 6RG | Flat/Maisonette | £855,000 | 7 Nov 2025 |
FLAT 44, WALSINGHAM, ST JOHN'S WOOD PARK NW8 6RJ | Flat/Maisonette | £2,000,000 | 6 Nov 2025 |
The most recent recorded sale in NW8 was a flat/maisonette property on Ormonde Terrace for £1,250,000 in January 2026. Across the last 20 sales, the median price was £1,015,000.