Key indicators for buyers
The W1K market is moderately favourable for buyers. Prices are rising at 10.2%, 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
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 £6,384,113 with a 25% deposit (£1.6M), a 2-year fixed mortgage at 3.97% costs around £25,194 per month.
Monthly cost comparison based on current data
Uses W1K avg. price with City of Westminster rental data
Monthly mortgage payments (£25,194) are £22,056 more than renting (£3,138). However, buying requires an upfront deposit of £1.6M — it would take around 133002 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 7, 68, NORTH ROW W1K 7DU | Flat/Maisonette | £2,900,000 | 12 Dec 2025 |
9, MOUNT ROW W1K 3RG | Terraced | £10,300,000 | 26 Nov 2025 |
FLAT L, 3 - 4, BALFOUR PLACE W1K 2AT | Flat/Maisonette | £3,150,000 | 20 Nov 2025 |
FLAT E, AUDLEY MANSIONS, 44, MOUNT STREET W1K 2RY | Flat/Maisonette | £3,650,000 | 1 Oct 2025 |
FLAT 7, 42, UPPER BROOK STREET W1K 7QP | Flat/Maisonette | £850,000 | 5 Sept 2025 |
3, DUNRAVEN STREET W1K 7FQ | Other | £230,000 | 5 Sept 2025 |
FLAT 4, CHESTERFIELD HOUSE, SOUTH AUDLEY STREET W1K 1HA |
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 W1K sold for £6,384,113 in 2025, with a median of £3,650,000 across 63 transactions. Prices rose 10.2% compared to the previous year.
| Flat/Maisonette |
| £4,500,000 |
| 29 Aug 2025 |
FLAT 2, 5, DUNRAVEN STREET W1K 2FD | Flat/Maisonette | £1,075,000 | 28 Aug 2025 |
FLAT 1, 97 - 99, PARK STREET W1K 7HA | Flat/Maisonette | £7,250,000 | 27 Aug 2025 |
FLAT 16, GROSVENOR HILL COURT, 15, BOURDON STREET W1K 3PX | Flat/Maisonette | £2,460,000 | 15 Aug 2025 |
110, PARK STREET W1K 6AD | Other | £4,500,000 | 12 Aug 2025 |
FLAT 4, 3, STANHOPE GATE W1K 1AG | Other | £39,930 | 8 Aug 2025 |
FLAT 6, 3, STANHOPE GATE W1K 1AG | Other | £442,605 | 8 Aug 2025 |
FLAT 2, 3, STANHOPE GATE W1K 1AG | Other | £39,931 | 8 Aug 2025 |
FLAT 3, 3, STANHOPE GATE W1K 1AG | Other | £39,391 | 8 Aug 2025 |
7A, GREEN STREET W1K 6RE | Flat/Maisonette | £2,200,000 | 6 Aug 2025 |
FLAT 42, FOUNTAIN HOUSE, PARK STREET W1K 7HQ | Flat/Maisonette | £5,750,000 | 1 Aug 2025 |
FLAT 10, 26A, NORTH AUDLEY STREET W1K 6WB | Flat/Maisonette | £500,000 | 28 Jul 2025 |
FLAT 12, 5, GROSVENOR SQUARE W1K 4AF | Flat/Maisonette | £3,700,000 | 16 Jul 2025 |
20, UPPER GROSVENOR STREET W1K 7PB | Other | £21,000,000 | 27 Jun 2025 |
The most recent recorded sale in W1K was a flat/maisonette property on North Row for £2,900,000 in December 2025. Across the last 20 sales, the median price was £2,900,000.