Market outlook for N1
Key indicators for buyers
The N1 market presents a mixed picture for buyers. Prices have softened (-13.8%), 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 £789,343 with a 25% deposit (£197k), a 2-year fixed mortgage at 4.81% costs around £3,396 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses N1 avg. price with Islington rental data
Monthly mortgage payments (£3,396) are £553 more than renting (£2,843). However, buying requires an upfront deposit of £197k — it would take around 11 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, FARLEIGH HOUSE, 25 - 27, HALTON ROAD N1 2EL | Flat/Maisonette | £400,000 | 19 Jun 2026 |
18B, CANONBURY STREET N1 2TD | Flat/Maisonette | £553,000 | 19 Jun 2026 |
FLAT 2, 28, RICHMOND CRESCENT N1 0LY | Flat/Maisonette | £805,000 | 19 Jun 2026 |
52A, ELMORE STREET N1 3FN | Flat/Maisonette | £918,000 | 19 Jun 2026 |
FLAT 42, NEWBERY HOUSE, NORTHAMPTON STREET N1 2HX | Flat/Maisonette | £511,000 | 17 Jun 2026 |
FLAT D, 34, CLOUDESLEY STREET N1 0HX | Flat/Maisonette | £932,000 | 16 Jun 2026 |
19, ISLINGTON GREEN N1 8DU |
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.