Property Data OutlookW1B
630 recorded transactions · Part of City of Westminster
Compare with another area →Market outlook for W1B
Key indicators for buyers
The W1B market is moderately favourable for buyers. Prices have softened (-30.3%), which could present a buying opportunity. Affordability has improved from a peak of 25.4x in 2017 to 16.0x today.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2025averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average City of Westminster price of £4,369,917 with a 25% deposit (£1.1M), a 2-year fixed mortgage at 3.97% costs around £17,245 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses W1B avg. price with City of Westminster rental data
Monthly mortgage payments (£17,245) are £14,107 more than renting (£3,138). However, buying requires an upfront deposit of £1.1M — it would take around 91040 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 |
|---|---|---|---|
UNIT G15, KINGLY COURT W1B 5PW | Other | £104,500 | 30 Sept 2025 |
FLAT 2, 88, PORTLAND PLACE W1B 1NX | Flat/Maisonette | £1,015,000 | 7 Aug 2025 |
FLAT 11, 22, PARK CRESCENT W1B 1PD | Flat/Maisonette | £1,000,000 | 24 Mar 2025 |
FLAT 44, 88, PORTLAND PLACE W1B 1NX | Flat/Maisonette | £275,000 | 17 Mar 2025 |
SANCTUM SOHO HOTEL, 20, WARWICK STREET W1B 5NF | Other | £22,000,000 | 26 Feb 2025 |
FLAT 33, 88, PORTLAND PLACE W1B 1NX | Flat/Maisonette | £1,825,000 | 3 Jan 2025 |
52, PORTLAND PLACE W1B 1NH |
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.