Key indicators for buyers
The WC2R market is moderately favourable for buyers. Prices are rising at 3111.3%, 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 £80,448,088 with a 25% deposit (£20.1M), a 2-year fixed mortgage at 3.97% costs around £317,477 per month.
Monthly cost comparison based on current data
Uses WC2R avg. price with City of Westminster rental data
Monthly mortgage payments (£317,477) are £314,339 more than renting (£3,138). However, buying requires an upfront deposit of £20.1M — it would take around 1676002 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 103, SAVOY HOUSE, 190, STRAND WC2R 1AB | Flat/Maisonette | £1,180,000 | 10 Dec 2025 |
HOWARD HOTEL, 12, TEMPLE PLACE WC2R 2PR | Other | £793,020,000 | 30 Sept 2025 |
FLAT 2, 213, STRAND WC2R 1AP | Flat/Maisonette | £900,000 | 22 Aug 2025 |
APARTMENT 1, 227 - 228, STRAND WC2R 1BE | Flat/Maisonette | £2,100,000 | 24 Jul 2025 |
APARTMENT 160, MILFORD HOUSE, 190, STRAND WC2R 1AB | Flat/Maisonette | £1,850,000 | 13 May 2025 |
FLAT 7, 2, EXCHANGE COURT, STRAND WC2R 0PP | Flat/Maisonette | £1,055,000 | 20 Mar 2025 |
APARTMENT 403, MARCONI HOUSE, 335, STRAND |
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 WC2R sold for £80,448,088 in 2025, with a median of £1,117,500 across 10 transactions. Prices rose 3111.3% compared to the previous year.
| Flat/Maisonette |
| £950,000 |
| 5 Mar 2025 |
APARTMENT 7, 227 - 228, STRAND WC2R 1BE | Flat/Maisonette | £850,000 | 31 Jan 2025 |
APARTMENT 109, SAVOY HOUSE, 190, STRAND WC2R 1AB | Flat/Maisonette | £1,860,875 | 24 Jan 2025 |
APARTMENT 707, MARCONI HOUSE, 335, STRAND WC2R 1HA | Flat/Maisonette | £715,000 | 20 Jan 2025 |
APARTMENT 8, 227 - 228, STRAND WC2R 1BE | Flat/Maisonette | £825,000 | 18 Dec 2024 |
APARTMENT 1, 1, EXCHANGE COURT WC2R 0JU | Flat/Maisonette | £820,000 | 2 Dec 2024 |
APARTMENT 150, MILFORD HOUSE, 190, STRAND WC2R 1AB | Flat/Maisonette | £2,000,000 | 11 Oct 2024 |
44, ESSEX STREET WC2R 3JF | Other | £1,560,000 | 1 Oct 2024 |
APARTMENT 3, 227 - 228, STRAND WC2R 1BE | Flat/Maisonette | £1,850,000 | 16 Sept 2024 |
APARTMENT 89, GLADSTONE HOUSE, 190, STRAND WC2R 1AB | Flat/Maisonette | £1,930,000 | 16 Aug 2024 |
GLOBE HOUSE, 4, TEMPLE PLACE WC2R 2PG | Other | £12,379,200 | 6 Aug 2024 |
16, MILFORD LANE WC2R 3LL | Flat/Maisonette | £1,900,000 | 21 Jun 2024 |
227 - 228, STRAND WC2R 1BE | Flat/Maisonette | £2,100,000 | 4 Jun 2024 |
PARKING SPACE 102, 190, STRAND WC2R 1AB | Other | £100,000 | 21 May 2024 |
The most recent recorded sale in WC2R was a flat/maisonette property on Strand for £1,180,000 in December 2025. Across the last 20 sales, the median price was £1,850,000.