Market outlook for N5
Key indicators for buyers
The N5 market presents a mixed picture for buyers. Prices have softened (-9.5%), 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 £834,490 with a 25% deposit (£209k), a 2-year fixed mortgage at 4.79% costs around £3,583 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses N5 avg. price with Islington rental data
Monthly mortgage payments (£3,583) are £729 more than renting (£2,854). However, buying requires an upfront deposit of £209k — 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 |
|---|---|---|---|
FRONT BASEMENT FLAT, 15, HIGHBURY HILL N5 1SU | Flat/Maisonette | £490,000 | 17 Jul 2026 |
1C, POETS ROAD N5 2SL | Flat/Maisonette | £600,000 | 14 Jul 2026 |
FLAT A, 58, RIVERSDALE ROAD N5 2JZ | Flat/Maisonette | £560,000 | 10 Jul 2026 |
4, MELGUND ROAD N5 1PT | Semi-detached | £1,750,000 | 2 Jul 2026 |
FIRST FLOOR FLAT, 114, HIGHBURY NEW PARK N5 2DR | Flat/Maisonette | £500,000 | 1 Jul 2026 |
FIRST FLOOR FLAT, 114, HIGHBURY NEW PARK N5 2DR | Flat/Maisonette | £460,000 | 1 Jul 2026 |
126, DRAYTON PARK N5 1LX |
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.