Market outlook for EC1R
Key indicators for buyers
The EC1R market presents a mixed picture for buyers. Prices have softened (-40.3%), 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 £984,735 with a 25% deposit (£246k), a 2-year fixed mortgage at 4.79% costs around £4,228 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses EC1R avg. price with Islington rental data
Monthly mortgage payments (£4,228) are £1,374 more than renting (£2,854). However, buying requires an upfront deposit of £246k — it would take around 18 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, 40 - 41, WHISKIN STREET EC1R 0BP | Flat/Maisonette | £750,000 | 2 Jul 2026 |
FLAT 1, 28 - 29, MYDDELTON SQUARE EC1R 1YE | Flat/Maisonette | £800,000 | 29 Jun 2026 |
FLAT 41, THE NAUTILUS BUILDING, 3, MYDDELTON PASSAGE EC1R 1XW | Flat/Maisonette | £500,000 | 17 Jun 2026 |
11, BOWLING GREEN LANE EC1R 0BG | Other | £4,575,000 | 1 Jun 2026 |
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 |
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.