Key indicators for buyers
The W1J market is moderately favourable for buyers. Prices have softened (-56.4%), 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
2025averages · 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 £3,768,068 with a 25% deposit (£942k), a 2-year fixed mortgage at 3.97% costs around £14,870 per month.
Monthly cost comparison based on current data
Uses W1J avg. price with City of Westminster rental data
Monthly mortgage payments (£14,870) are £11,732 more than renting (£3,138). However, buying requires an upfront deposit of £942k — it would take around 78501 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
41, FARM STREET W1J 5RP | Other | £1,967,558 | 21 Aug 2025 |
FLAT 103, CHESTERFIELD HOUSE, CHESTERFIELD GARDENS W1J 5JX | Flat/Maisonette | £2,700,000 | 25 Jul 2025 |
APARTMENT 301, 1, ASHBURTON PLACE W1J 8AS | Flat/Maisonette | £17,151,001 | 17 Jun 2025 |
17, HERTFORD STREET W1J 7RS | Other | £14,500,000 | 13 May 2025 |
7, STRATTON STREET W1J 8LE | Other | £6,400,000 | 9 May 2025 |
FLAT 6, GLENDORE HOUSE, 30, CLARGES STREET W1J 7EG | Other | £2,900,000 | 9 May 2025 |
PARKING SPACE 7, GLENDORE HOUSE 30, CLARGES STREET W1J 7EG |
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 W1J sold for £3,768,068 in 2025, with a median of £2,250,000 across 23 transactions. Prices fell 56.4% compared to the previous year.
| Other |
| £2,900,000 |
| 9 May 2025 |
FLAT 5, 12 - 18, HILL STREET W1J 5NH | Other | £2,400,000 | 16 Apr 2025 |
APARTMENT 2.4, 60, CURZON STREET W1J 8PG | Flat/Maisonette | £2,250,000 | 11 Apr 2025 |
C5, ALBANY W1J 0AW | Other | £2,250,000 | 31 Mar 2025 |
CRITERION THEATRE, PICCADILLY W1J 9HT | Other | £3,600,000 | 31 Mar 2025 |
FLAT 107, CARRINGTON HOUSE, HERTFORD STREET W1J 7RG | Flat/Maisonette | £1,250,000 | 27 Mar 2025 |
FLAT 18, 10, BERKELEY STREET W1J 8DP | Flat/Maisonette | £2,090,000 | 6 Mar 2025 |
FLAT 103, CARRINGTON HOUSE, HERTFORD STREET W1J 7RG | Flat/Maisonette | £1,600,000 | 28 Feb 2025 |
FLAT 102, CARRINGTON HOUSE, HERTFORD STREET W1J 7RG | Flat/Maisonette | £1,712,000 | 27 Feb 2025 |
BASEMENT SPACE, AUDLEY COURT, HILL STREET W1J 5NP | Other | £210,000 | 24 Feb 2025 |
FLAT 8, 17, BERKELEY STREET W1J 8EA | Flat/Maisonette | £2,500,000 | 11 Feb 2025 |
APARTMENT 2.3, 60, CURZON STREET W1J 8PG | Flat/Maisonette | £2,750,000 | 7 Feb 2025 |
FLAT 36, CHESTERFIELD HOUSE, CHESTERFIELD GARDENS W1J 5JU | Flat/Maisonette | £1,906,000 | 4 Feb 2025 |
24, FARM STREET W1J 5RQ | Terraced | £10,500,000 | 4 Feb 2025 |
The most recent recorded sale in W1J was a other property on Farm Street for £1,967,558 in August 2025. Across the last 20 sales, the median price was £2,500,000.