Key indicators for buyers
The WC2A market is moderately favourable for buyers. Prices have softened (-12.5%), 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
The average property in WC2A sold for £2,206,666 in 2025, with a median of £2,499,999 across 3 transactions. Prices fell 12.5% compared to the previous year.
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 £2,206,666 with a 25% deposit (£552k), a 2-year fixed mortgage at 3.97% costs around £8,708 per month.
Monthly cost comparison based on current data
Uses WC2A avg. price with City of Westminster rental data
Monthly mortgage payments (£8,708) are £5,570 more than renting (£3,138). However, buying requires an upfront deposit of £552k — it would take around 45972 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 S703, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £2,800,000 | 7 May 2025 |
APARTMENT W201, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,320,000 | 31 Mar 2025 |
APARTMENT W203, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £2,499,999 | 13 Feb 2025 |
APARTMENT W606, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,130,000 | 22 Nov 2024 |
8, BELL YARD WC2A 2JR | Other | £2,000,000 | 4 Aug 2024 |
116 - 118, CHANCERY LANE WC2A 1PP | Other | £1,000,000 | 19 Jul 2024 |
115A, CHANCERY LANE WC2A 1PP |
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.
| Other |
| £3,550,000 |
| 4 Jul 2024 |
FLAT 4, 24, CHANCERY LANE WC2A 1LS | Flat/Maisonette | £525,000 | 22 Mar 2024 |
51, LINCOLNS INN FIELDS WC2A 3NA | Other | £8,500,000 | 6 Feb 2024 |
APARTMENT E9, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £950,000 | 19 Jan 2024 |
APARTMENT W302, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £2,430,000 | 12 Oct 2023 |
APARTMENT W4, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,790,000 | 22 Mar 2023 |
STORAGE UNIT 41, 18, PORTUGAL STREET WC2A 2AT | Other | £110,000 | 22 Mar 2023 |
APARTMENT E5, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,372,400 | 14 Mar 2023 |
APARTMENT E106, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £2,775,000 | 31 Jan 2023 |
APARTMENT W5, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,564,000 | 25 Jan 2023 |
1 - 2, LINCOLNS INN FIELDS WC2A 3AA | Other | £14,500,000 | 5 Jan 2023 |
APARTMENT S307, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £2,552,000 | 21 Dec 2022 |
APARTMENT W106, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,950,000 | 3 Nov 2022 |
APARTMENT N205, 18, PORTUGAL STREET WC2A 2AT | Flat/Maisonette | £1,860,000 | 30 Sept 2022 |
The most recent recorded sale in WC2A was a flat/maisonette property on Portugal Street for £2,800,000 in May 2025. Across the last 20 sales, the median price was £1,950,000.