Key indicators for buyers
The W2 market is moderately favourable for buyers. Prices have softened (-49.8%), 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 £709,300 with a 25% deposit (£177k), a 2-year fixed mortgage at 3.97% costs around £2,799 per month.
Monthly cost comparison based on current data
Uses W2 avg. price with City of Westminster rental data
Monthly mortgage payments (£2,799) are £339 less than renting (£3,138). However, buying requires an upfront deposit of £177k — it would take around 7 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 11, CHENIES HOUSE, 43, MOSCOW ROAD W2 4AH | Flat/Maisonette | £527,000 | 22 Jan 2026 |
FLAT 50, EXETER HOUSE, HALLFIELD ESTATE W2 6EN | Flat/Maisonette | £416,000 | 22 Jan 2026 |
FLAT 7, 61, INVERNESS TERRACE W2 3JT | Flat/Maisonette | £425,000 | 22 Jan 2026 |
95, GLOUCESTER MEWS WEST W2 6DY | Terraced | £1,590,000 | 22 Jan 2026 |
48A, LEINSTER SQUARE W2 4PU | Flat/Maisonette | £539,000 | 22 Jan 2026 |
FLAT 106, THE COLONNADES, 34, PORCHESTER SQUARE W2 6AP | Flat/Maisonette | £690,000 | 21 Jan 2026 |
22F, MOORHOUSE ROAD W2 5DJ |
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 W2 sold for £709,300 in 2026, with a median of £527,000 across 15 transactions. Prices fell 49.8% compared to the previous year.
| Flat/Maisonette |
| £485,000 |
| 16 Jan 2026 |
FLAT 52, PORTSEA HALL, PORTSEA PLACE W2 2BY | Flat/Maisonette | £470,000 | 15 Jan 2026 |
FLAT 61, WESTCHESTER HOUSE, SEYMOUR STREET W2 2JG | Flat/Maisonette | £1,000,000 | 13 Jan 2026 |
34F, WESTBOURNE GARDENS, BAYSWATER W2 5PU | Flat/Maisonette | £1,442,500 | 12 Jan 2026 |
FLAT 1, 36, QUEENSWAY W2 3RX | Flat/Maisonette | £645,000 | 9 Jan 2026 |
FLAT 79, PORTSEA HALL, PORTSEA PLACE W2 2BY | Flat/Maisonette | £220,000 | 9 Jan 2026 |
GROUND FLOOR, 12, CRAVEN TERRACE W2 3QD | Flat/Maisonette | £460,000 | 8 Jan 2026 |
FLAT 26, 4, ORSETT TERRACE W2 6AZ | Flat/Maisonette | £450,000 | 5 Jan 2026 |
LOWER GROUND FLOOR FLAT, 219A, SUSSEX GARDENS W2 2RJ | Flat/Maisonette | £1,280,000 | 5 Jan 2026 |
29, NEWTON ROAD W2 5JR | Terraced | £6,000,000 | 19 Dec 2025 |
FLAT 3, 84, INVERNESS TERRACE W2 3LD | Flat/Maisonette | £540,000 | 19 Dec 2025 |
FLAT 9, BARRIE HOUSE, LANCASTER GATE W2 3QJ | Flat/Maisonette | £2,550,000 | 19 Dec 2025 |
FLAT 76, PEMBROKE HOUSE, HALLFIELD ESTATE W2 6HQ | Flat/Maisonette | £490,000 | 19 Dec 2025 |
FLAT 459A, PARK WEST, EDGWARE ROAD, PADDINGTON W2 2QU | Flat/Maisonette | £215,000 | 19 Dec 2025 |
The most recent recorded sale in W2 was a flat/maisonette property on Moscow Road for £527,000 in January 2026. Across the last 20 sales, the median price was £539,000.