Key indicators for buyers
The SW1P market is moderately favourable for buyers. Prices have softened (-41.4%), which could present a buying opportunity. 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 £725,000 with a 25% deposit (£181k), a 2-year fixed mortgage at 3.97% costs around £2,861 per month.
Monthly cost comparison based on current data
Uses SW1P avg. price with City of Westminster rental data
Monthly mortgage payments (£2,861) are £277 less than renting (£3,138). However, buying requires an upfront deposit of £181k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
APARTMENT 414, ROMNEY HOUSE, 47, MARSHAM STREET SW1P 3DS | Flat/Maisonette | £725,000 | 12 Jan 2026 |
FLAT 6, DALKEITH COURT, 45, VINCENT STREET SW1P 4HH | Flat/Maisonette | £390,000 | 19 Dec 2025 |
FLAT 2, GREYCOAT HOUSE, 27, GREYCOAT STREET SW1P 2QF | Flat/Maisonette | £434,500 | 19 Dec 2025 |
FLAT 8, DRAKE HOUSE, 76, MARSHAM STREET SW1P 4LY | Flat/Maisonette | £900,000 | 18 Dec 2025 |
FLAT 13, REGENCY COURT 4-10, REGENCY STREET SW1P 4BZ | Flat/Maisonette | £700,000 | 18 Dec 2025 |
FLAT 6, 30, VINCENT SQUARE SW1P 2NW | Flat/Maisonette | £451,000 | 16 Dec 2025 |
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 SW1P sold for £725,000 in 2026, with a median of £725,000 across 1 transactions. Prices fell 41.4% compared to the previous year.
| Flat/Maisonette |
| £1,105,000 |
| 12 Dec 2025 |
APARTMENT 16, 10, ROCHESTER ROW SW1P 1NS | Flat/Maisonette | £690,000 | 10 Dec 2025 |
FLAT 16, GREYCOAT HOUSE, 27, GREYCOAT STREET SW1P 2QF | Flat/Maisonette | £510,000 | 27 Nov 2025 |
APARTMENT 504, ROMNEY HOUSE, 47, MARSHAM STREET SW1P 3DS | Flat/Maisonette | £780,000 | 19 Nov 2025 |
FLAT 3, STRUTTON COURT, GREAT PETER STREET SW1P 2HH | Flat/Maisonette | £600,000 | 7 Nov 2025 |
17A, GREYCOAT GARDENS SW1P 2QA | Flat/Maisonette | £620,000 | 7 Nov 2025 |
APARTMENT 16, 66, ROCHESTER ROW SW1P 1JU | Flat/Maisonette | £590,000 | 3 Nov 2025 |
FLAT 10, 102, ROCHESTER ROW SW1P 1JP | Flat/Maisonette | £975,000 | 31 Oct 2025 |
FLAT 2, 68, VINCENT SQUARE SW1P 2NU | Flat/Maisonette | £780,000 | 31 Oct 2025 |
FLAT 34, 30, VINCENT SQUARE SW1P 2NW | Flat/Maisonette | £550,000 | 29 Oct 2025 |
FLAT 17, ADMIRAL HOUSE, WILLOW PLACE SW1P 1JW | Flat/Maisonette | £592,500 | 28 Oct 2025 |
FLAT 8, ASHLEY COURT, MORPETH TERRACE SW1P 1EN | Flat/Maisonette | £370,000 | 23 Oct 2025 |
APARTMENT 306, ROMNEY HOUSE, 47, MARSHAM STREET SW1P 3DR | Flat/Maisonette | £680,000 | 13 Oct 2025 |
APARTMENT 204, BENTINCK HOUSE, 34, MONCK STREET SW1P 2BF | Flat/Maisonette | £450,000 | 8 Oct 2025 |
The most recent recorded sale in SW1P was a flat/maisonette property on Marsham Street for £725,000 in January 2026. Across the last 20 sales, the median price was £620,000.