Market outlook for EC1Y
Key indicators for buyers
The EC1Y market presents a mixed picture for buyers. Prices have softened (-33.7%), 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 £1,153,000 with a 25% deposit (£288k), a 2-year fixed mortgage at 4.81% costs around £4,960 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses EC1Y avg. price with Islington rental data
Monthly mortgage payments (£4,960) are £2,117 more than renting (£2,843). However, buying requires an upfront deposit of £288k — it would take around 28 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 |
|---|---|---|---|
66, LEXINGTON APARTMENTS, 40, CITY ROAD EC1Y 2AN | Flat/Maisonette | £765,000 | 12 Jun 2026 |
FLAT 4, BOWATER HOUSE, GOLDEN LANE ESTATE EC1Y 0RJ | Flat/Maisonette | £525,000 | 12 Jun 2026 |
FLAT 16, BRAITHWAITE HOUSE, BUNHILL ROW EC1Y 8NE | Flat/Maisonette | £535,000 | 1 Jun 2026 |
OLIVER HOUSE, 51 - 53, CITY ROAD EC1Y 1AU | Other | £3,200,000 | 26 Mar 2026 |
FLAT 21, CHEQUER COURT, 3, CHEQUER STREET EC1Y 8PW | Flat/Maisonette | £740,000 | 20 Mar 2026 |
FLAT F, 1, DUFFERIN AVENUE EC1Y 8PQ | Flat/Maisonette | £1,107,500 | 19 Dec 2025 |
FLAT 27, CUTHBERT HARROWING HOUSE, GOLDEN LANE ESTATE |
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.