The average property value in Inner London is £858,263 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Inner London grew by £15,807. Compare house prices by area
Average property prices in Inner London grew by 1.9% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.8% per year.
If prices in Inner London continue to rise by 4.8% a year, the average property price will be £1,035,476 in 2025.
The most expensive property values in Inner London are found in Kensington and Chelsea, and the cheapest property values are found in Newham.
There were 32,058 property sales in Inner London in the year ending June 2021, an increase of 2,431 when compared to the previous year.
The average price for a house in Inner London ranges from £1,137,624 for a terraced house to £2,827,875 for a detached house, with semi-detached in between costing on average £1,538,204.
The average price for a flat or maisonette in Inner London is £676,334.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Inner London, detached house prices have risen the most between the years ending 2011 and 2021, and terraced house prices have grown the least.
Detached house prices have risen 77.5% from £1,593,558 to £2,827,875, semi-detached house prices have risen 68.6% from £912,285 to £1,538,204, terraced house prices have risen 53.8% from £739,487 to £1,137,624, and flat prices have risen 56.8% from £431,294 to £676,334.
The most common type of property sold in Inner London during the year ending June 2021 was flats, which accounted for 68.1% of properties.
The least commonly available type of property sold in Inner London were detached houses, which account for 1.0% of properties sold.
Of the properties sold in Inner London during 2021, 4.0% were new build properties.
The average price paid for a new build property in Inner London was £107,808 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (99% of new build properties sold). For existing properties, the most common type is flats (66% of existing properties sold).
The most common price band for property sales in Inner London is £600k - £800k, which accounted for 12.5% of properties sold in 2021.
13.8% of properties in Inner London had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Inner London were in the £50k - £100k price bracket, accounting for 0.0% of sales.
The cheapest property prices in Inner London are found in Newham, where the average cost of a property is £450,500. Between the years ending June 2020 and June 2021, property prices have changed by 3.2% in Newham (compared to 1.9% in Inner London)
The most expensive property values in Inner London are found in Kensington and Chelsea, where the average property price is £2,222,386. Between the years ending June 2020 and June 2021, property prices have changed by 7.6% in Kensington and Chelsea (compared to 1.9% in Inner London)
Average Property Price
YoY CHANGE in PRICE
|1|| Kensington and Chelsea |
|2|| Westminster |
|3|| Camden |
|4|| Hammersmith and Fulham |
|5|| City of London |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics