Market outlook for EC1R
Key indicators for buyers
The EC1R market presents a mixed picture for buyers. Prices have softened (-46.8%), which could present a buying opportunity. Affordability has improved from a peak of 15.8x in 2015 to 11.8x today. Rising rents (£2,843/mo, +5.4%) 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 £2,843, up 5.4% 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 £752,045 with a 25% deposit (£188k), a 2-year fixed mortgage at 4.81% costs around £3,235 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses EC1R avg. price with Islington rental data
Monthly mortgage payments (£3,235) are £392 more than renting (£2,843). However, buying requires an upfront deposit of £188k — it would take around 10 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 2, 2, AMWELL STREET EC1R 1UQ | Flat/Maisonette | £520,000 | 22 May 2026 |
FLAT 3, 62 - 68, ROSEBERY AVENUE EC1R 4RR | Flat/Maisonette | £1,360,000 | 11 May 2026 |
28, KINGSWAY PLACE EC1R 0LU | Flat/Maisonette | £1,250,000 | 8 May 2026 |
FLAT 46, CAVENDISH MANSIONS, CLERKENWELL ROAD EC1R 5DH | Flat/Maisonette | £340,000 | 10 Apr 2026 |
16B, TYSOE STREET EC1R 4RQ | Flat/Maisonette | £765,000 | 27 Mar 2026 |
FLAT 30, 1, LLOYDS ROW EC1R 4AD | Flat/Maisonette | £595,000 | 16 Mar 2026 |
79D, AMWELL STREET EC1R 1UT |
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.