Market outlook for EC1M
Key indicators for buyers
The EC1M market presents a mixed picture for buyers. Prices have softened (-36.5%), which could present a buying opportunity. Affordability has improved from a peak of 15.8x in 2015 to 11.8x today. Rising rents (£2,854/mo, +5.9%) mean the cost of waiting is real.
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 Islington area
A home in Islington costs 11.8x the local median salary — very stretched, improving from a peak of 15.8x in 2015.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Islington area
Average monthly rent in Islington is £2,854, up 5.9% 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 Islington price of £639,583 with a 25% deposit (£160k), a 2-year fixed mortgage at 4.79% costs around £2,746 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses EC1M avg. price with Islington rental data
Monthly mortgage payments (£2,746) are £108 less than renting (£2,854). However, buying requires an upfront deposit of £160k — it would take around 8 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 416, CITY PAVILION, 33, BRITTON STREET EC1M 5UG | Flat/Maisonette | £840,000 | 3 Jul 2026 |
APARTMENT 306, 9B, CLERKENWELL ROAD EC1M 5PY | Flat/Maisonette | £825,000 | 18 May 2026 |
FLAT 6A, FLORIN COURT, 6 - 9, CHARTERHOUSE SQUARE EC1M 6ET | Flat/Maisonette | £437,500 | 4 Mar 2026 |
FLAT 2, 88A, ST JOHN STREET EC1M 4EH | Flat/Maisonette | £800,000 | 2 Feb 2026 |
FLAT 6, 67, TURNMILL STREET EC1M 5RR | Flat/Maisonette | £525,000 | 12 Jan 2026 |
FLAT 19, THACKERY COURT, 75, TURNMILL STREET EC1M 5SY | Flat/Maisonette | £410,000 | 9 Jan 2026 |
FLAT 22, 53, BRITTON 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.