Property Data OutlookWC2E
664 recorded transactions · Part of City of Westminster
Compare with another area →Market outlook for WC2E
Key indicators for buyers
The WC2E market is moderately favourable for buyers. Prices have softened (-4.4%), 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 £8,398,792 with a 25% deposit (£2.1M), a 2-year fixed mortgage at 3.97% costs around £33,145 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WC2E avg. price with City of Westminster rental data
Monthly mortgage payments (£33,145) are £30,007 more than renting (£3,138). However, buying requires an upfront deposit of £2.1M — it would take around 174975 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 A, KOKO LONDON, 4, GARRICK STREET WC2E 9BH | Flat/Maisonette | £822,500 | 19 Dec 2025 |
FLAT 9, 19, HENRIETTA STREET WC2E 8QH | Flat/Maisonette | £1,000,000 | 22 Oct 2025 |
FLAT 4, 12, KING STREET WC2E 8HN | Flat/Maisonette | £1,500,000 | 3 Oct 2025 |
FLAT 21, HARLEQUIN COURT, 20, TAVISTOCK STREET WC2E 7NZ | Flat/Maisonette | £980,000 | 15 Sept 2025 |
APARTMENT 6, JUBILEE PIAZZA, SOUTHAMPTON STREET WC2E 7QH | Other | £5,600,000 | 21 Jul 2025 |
APARTMENT 5, JUBILEE PIAZZA, SOUTHAMPTON STREET WC2E 7QH | Other | £5,600,000 | 21 Jul 2025 |
APARTMENT 6, 22, SOUTHAMPTON STREET |
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.