Market outlook for NW2
Key indicators for buyers
The NW2 market is moderately favourable for buyers. Prices are rising at 30.4%, which may favour acting sooner rather than later. Affordability has improved from a peak of 16.3x in 2018 to 14.5x today.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Brent area
A home in Brent costs 14.5x the local median salary — very stretched, improving from a peak of 16.3x in 2018.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Brent area
Average monthly rent in Brent is £1,946, down 7.6% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Brent price of £942,667 with a 25% deposit (£236k), a 2-year fixed mortgage at 3.97% costs around £3,720 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses NW2 avg. price with Brent rental data
Monthly mortgage payments (£3,720) are £1,774 more than renting (£1,946). However, buying requires an upfront deposit of £236k — it would take around 43 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
1, DEACON ROAD NW2 5NP | Flat/Maisonette | £378,000 | 21 Jan 2026 |
53, PINE ROAD NW2 6SB | Terraced | £750,000 | 19 Jan 2026 |
2, MINSTER ROAD NW2 3RA | Detached | £1,700,000 | 12 Jan 2026 |
99, DARTMOUTH ROAD NW2 4ER | Detached | £2,440,000 | 19 Dec 2025 |
9C, DEAN ROAD NW2 5AB | Flat/Maisonette | £435,000 | 19 Dec 2025 |
FLAT 17, GREENCREST PLACE, DOLLIS HILL LANE NW2 6HF | Flat/Maisonette | £455,000 | 19 Dec 2025 |
5B, BLENHEIM GARDENS NW2 4NL | Semi-detached |
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.