Market outlook for N5
Key indicators for buyers
The N5 market presents a mixed picture for buyers. Prices have softened (-8.6%), 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 £838,252 with a 25% deposit (£210k), a 2-year fixed mortgage at 4.81% costs around £3,606 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses N5 avg. price with Islington rental data
Monthly mortgage payments (£3,606) are £763 more than renting (£2,843). However, buying requires an upfront deposit of £210k — it would take around 12 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 |
|---|---|---|---|
62A, MOUNTGROVE ROAD N5 2LT | Flat/Maisonette | £775,000 | 12 Jun 2026 |
FLAT 1, ORWELL COURT, PETHERTON ROAD N5 2QU | Flat/Maisonette | £530,000 | 9 Jun 2026 |
FLAT 9, 73A, DRAYTON PARK N5 1DW | Flat/Maisonette | £510,000 | 9 Jun 2026 |
2A, GROSVENOR AVENUE N5 2NR | Terraced | £375,000 | 8 Jun 2026 |
3, STADIUM MEWS N5 1FP | Flat/Maisonette | £626,000 | 5 Jun 2026 |
83B, PETHERTON ROAD N5 2QT | Flat/Maisonette | £940,000 | 3 Jun 2026 |
SECOND AND THIRD FLOOR FLAT, 98, PETHERTON ROAD N5 2RG | Other |
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.