Key indicators for buyers
The E22 market is moderately favourable for buyers. Affordability has improved from a peak of 11.9x in 2021 to 7.5x today.
Yearly averages · HM Land Registry Price Paid Data
The average property in E22 sold for £61,313,557 in 2023, with a median of £61,313,556.5 across 2 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider Tower Hamlets area
A home in Tower Hamlets costs 7.5x the local median salary — moderate, improving from a peak of 11.9x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Tower Hamlets area
Average monthly rent in Tower Hamlets is £2,391, up 1.8% 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 Tower Hamlets price of £61,313,557 with a 25% deposit (£15.3M), a 2-year fixed mortgage at 3.97% costs around £241,966 per month.
Monthly cost comparison based on current data
Uses E22 avg. price with Tower Hamlets rental data
Monthly mortgage payments (£241,966) are £239,575 more than renting (£2,391). However, buying requires an upfront deposit of £15.3M — it would take around 1277366 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
J1-J3, WOOD WHARF E22 3AS | Other | £70,869,975 | 9 Aug 2023 |
E3-E4, WOOD WHARF E22 3AH | Other | £51,757,138 | 9 Aug 2023 |
The most recent recorded sale in E22 was a other property on Wood Wharf for £70,869,975 in August 2023. Across the last 2 sales, the median price was £70,869,975.
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.