Property Data OutlookW1X
6 recorded transactions · Part of City of Westminster
Compare with another area →Market outlook for W1X
Key indicators for buyers
The W1X market is moderately favourable for buyers. Prices are rising at 144.4%, which may favour acting sooner rather than later. 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
The average property in W1X sold for £1,925,000 in 2002, with a median of £1,925,000 across 1 transactions. Prices rose 144.4% compared to the previous year.
Prices by property type
2002averages · 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 £1,925,000 with a 25% deposit (£481k), a 2-year fixed mortgage at 3.97% costs around £7,597 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses W1X avg. price with City of Westminster rental data
Monthly mortgage payments (£7,597) are £4,459 more than renting (£3,138). However, buying requires an upfront deposit of £481k — it would take around 404 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 |
|---|---|---|---|
FLAT 3, 17, UPPER GROSVENOR STREET, LONDON W1X 9PB | Flat/Maisonette | £1,925,000 | 7 Jun 2002 |
2, 10, BOURDON STREET, LONDON W1X 9HX | Flat/Maisonette | £787,500 | 6 Jul 2001 |
FLAT 2, 17, UPPER GROSVENOR STREET W1X 9PB | Flat/Maisonette | £970,000 | 7 Sept 1999 |
FLAT 2, 17, UPPER GROSVENOR STREET, LONDON W1X 9PB | Flat/Maisonette | £750,000 | 30 Sept 1997 |
FLAT C, 7, SEYMOUR PLACE W1X 7HB | Flat/Maisonette | £300,000 | 30 Jun 1997 |
FLAT 2, 17, UPPER GROSVENOR STREET, LONDON W1X 9PB | Flat/Maisonette | £400,000 | 31 May 1995 |
The most recent recorded sale in W1X was a flat/maisonette property on Upper Grosvenor Street for £1,925,000 in June 2002. Across the last 6 sales, the median price was £787,500.
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.