Market outlook for EC1Y
Key indicators for buyers
The EC1Y market presents a mixed picture for buyers. Prices are rising at 162.1%, which may favour acting sooner rather than later. Affordability has improved from a peak of 15.8x in 2015 to 11.8x 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 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 £2,733, up 1.5% 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 £1,870,058 with a 25% deposit (£468k), a 2-year fixed mortgage at 3.97% costs around £7,380 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses EC1Y avg. price with Islington rental data
Monthly mortgage payments (£7,380) are £4,647 more than renting (£2,733). However, buying requires an upfront deposit of £468k — it would take around 38960 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 27, CUTHBERT HARROWING HOUSE, GOLDEN LANE ESTATE EC1Y 0RB | Flat/Maisonette | £600,000 | 11 Dec 2025 |
45, LEXINGTON APARTMENTS, 40, CITY ROAD EC1Y 2AN | Flat/Maisonette | £714,000 | 26 Nov 2025 |
88, LEXINGTON APARTMENTS, 40, CITY ROAD EC1Y 2AN | Flat/Maisonette | £753,500 | 21 Oct 2025 |
APARTMENT 1, 16, CITY ROAD EC1Y 2AA | Flat/Maisonette | £365,000 | 20 Oct 2025 |
FIRST FLOOR, 9 - 10, DOMINGO STREET EC1Y 0TA | Flat/Maisonette | £500,000 | 3 Oct 2025 |
FLAT 30, 59, BUNHILL ROW EC1Y 8QW | Flat/Maisonette | £620,000 | 11 Sept 2025 |
FLAT 122, BEZIER APARTMENTS, 91, CITY ROAD |
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.