Key indicators for buyers
The WC2N market is moderately favourable for buyers. Prices have softened (-60.4%), 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 £1,349,167 with a 25% deposit (£337k), a 2-year fixed mortgage at 3.97% costs around £5,324 per month.
Monthly cost comparison based on current data
Uses WC2N avg. price with City of Westminster rental data
Monthly mortgage payments (£5,324) are £2,186 more than renting (£3,138). However, buying requires an upfront deposit of £337k — it would take around 28 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
51, ST MARTINS LANE WC2N 4EA | Other | £1,140,000 | 30 May 2025 |
FLAT, 53, ST MARTINS LANE WC2N 4EA | Other | £2,800,000 | 30 May 2025 |
FLAT F, 19, BUCKINGHAM STREET WC2N 6EG | Flat/Maisonette | £1,000,000 | 4 Mar 2025 |
17 - 18, NEW ROW WC2N 4LA | Other | £1,600,000 | 22 Jan 2025 |
FLAT 11, 10, CRAVEN STREET WC2N 5PE | Flat/Maisonette | £600,000 | 21 Jan 2025 |
APARTMENT 25, 20, BEDFORDBURY WC2N 4BN | Flat/Maisonette | £955,000 | 17 Jan 2025 |
26, CRAVEN STREET WC2N 5NT | Other |
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 WC2N sold for £1,349,167 in 2025, with a median of £1,070,000 across 6 transactions. Prices fell 60.4% compared to the previous year.
| £45,000 |
| 19 Dec 2024 |
FLAT 11, JOHN ADAM HOUSE, 17 - 19, JOHN ADAM STREET WC2N 6JG | Flat/Maisonette | £1,300,000 | 29 Nov 2024 |
FLAT 10, JOHN ADAM HOUSE, 17 - 19, JOHN ADAM STREET WC2N 6JG | Flat/Maisonette | £1,425,000 | 29 Nov 2024 |
61A, CHANDOS PLACE WC2N 4HG | Other | £6,627,640 | 6 Nov 2024 |
60, CHANDOS PLACE WC2N 4HG | Terraced | £6,627,640 | 6 Nov 2024 |
FLAT 19, GARRICK HOUSE, 63 - 66, ST MARTINS LANE WC2N 4JS | Flat/Maisonette | £942,000 | 30 Sept 2024 |
FLAT 40, 10, JOHN ADAM STREET WC2N 6HA | Flat/Maisonette | £759,000 | 16 Sept 2024 |
APARTMENT 26, 20, BEDFORDBURY WC2N 4BN | Flat/Maisonette | £1,525,000 | 4 Sept 2024 |
48, CHANDOS PLACE WC2N 4HS | Other | £1,975,000 | 14 Aug 2024 |
FLAT 5, 18, BUCKINGHAM STREET WC2N 6DR | Flat/Maisonette | £2,350,000 | 12 Aug 2024 |
51 - 55, STRAND WC2N 5LS | Other | £24,750,000 | 7 Aug 2024 |
APARTMENT 20, 20, BEDFORDBURY WC2N 4BN | Flat/Maisonette | £877,500 | 9 May 2024 |
2, GOODWINS COURT WC2N 4LL | Terraced | £1,550,000 | 9 May 2024 |
51 - 52, CHANDOS PLACE WC2N 4HS | Other | £2,625,000 | 3 May 2024 |
The most recent recorded sale in WC2N was a other property on St Martins Lane for £1,140,000 in May 2025. Across the last 20 sales, the median price was £1,525,000.