London, Greater London · Completed sales
Property prices in London
What homes actually sold for across London, by type and by district, the five year trend and what all of it means for a landlord's return. Sold prices, not asking prices.
Figures refreshed on 16 Oct 2026.
Average sold price in London
£850,000
Completed sales over the last twelve months. Twelve-month change: 4.9% lower than a year earlier, which lifts the gross yield on a purchase today to 3.9%.
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Average sold price in London
Completed sales around London averaged £850,000 over twelve months. That is the figure to argue from when buying, selling or refinancing.
Across the last twelve months completed sales are 4.9% lower than a year earlier. Over five years they are 26% lower than five years earlier, which is closer to the period most landlords actually hold a property for.
Sold prices, twelve months
-4.9%
Sold prices, five years
-26%
Gross yield
3.9%
Price per square foot
£1,387
London is not one rental market but dozens sitting side by side, and a single street can price differently from the next one along. Landlords here tend to hold one or two homes and want the letting handled without a diary of appointments.
Sold prices by property type in London
Flats, terraces and family houses behave as separate markets in London, and each is averaged separately below. The number of sales behind each figure is shown beside it, so you can see how firm it is before you lean on it.
- Flat£684,000
20 sales behind the figure
- Terraced£1,551,620
20 sales behind the figure
- Semi-detached£2,459,500
20 sales behind the figure
| Property type | Average sold price | Sales behind the figure |
|---|---|---|
| Flat | £684,000 | 20 |
| Terraced | £1,551,620 | 20 |
| Semi-detached | £2,459,500 | 20 |
Across the area homes sell at about £1,387 per square foot. Price per square foot is the fairest way to compare two homes of different sizes on the same street, and it is the first thing a surveyor looks at. If a home is priced well above the local figure per square foot, something else is paying for it: a garden, a recent extension, or an owner's hope.
Prices and rents by district in London
District matters twice over for a landlord: it sets what you pay and it sets what you can charge. The districts below are the London postcode areas with enough homes advertised to give a fair rental average, which is the side of the sum most buyers guess at.
- SW1£4,790
743 homes advertised
- EC1V£3,360
204 homes advertised
- N1£2,980
677 homes advertised
- NW1£2,925
652 homes advertised
- SE1£2,805
593 homes advertised
- E1£2,710
915 homes advertised
| District | Average rent a month |
|---|---|
| SW1 | £4,790 |
| EC1V | £3,360 |
| N1 | £2,980 |
| NW1 | £2,925 |
| SE1 | £2,805 |
| E1 | £2,710 |
Put the two halves together before you buy: the rent a district actually achieves against the price a district actually commands. That is the yield, and it is the only number that tells you whether a purchase works.
The five year trend in London
The table below is the price series our data supplier holds for the area, one row a year, with the movement across each year beside it. It is the same series the valuation on your own report is anchored against, which is why a report can say what your home is worth today from what it sold for years ago.
Average sold price in London, year by year
| Period | Average price | Movement |
|---|---|---|
| Oct 2020 | £883,702 | no change recorded |
| Oct 2021 | £834,814 | 5.5% lower than a year earlier |
| Oct 2022 | £770,545 | 7.7% lower than a year earlier |
| Oct 2023 | £865,786 | 12.4% higher than a year earlier |
| Oct 2024 | £894,716 | 3.3% higher than a year earlier |
| Oct 2025 | £687,647 | 23.1% lower than a year earlier |
| Oct 2026 | £654,098 | 4.9% lower than a year earlier |
A trend is a description of the past, not a promise. What it is genuinely useful for is a sanity check: if the price you are being asked to pay assumes a rise the last five years never delivered, you are buying someone else's optimism.
What it means for a landlord in London
A year of rent against value in London currently reads about 3.9% gross.
Gross yield is not what you keep. Out of it come management, safety certificates, insurance, repairs and any empty weeks between tenants. The report on your own address sets the rent it can achieve against what the home is worth, so you are looking at your property rather than an area.
If you already own here and want the running of it taken off your hands, the management page for London sets out what a high street agent charges on the area's real average rent against what Caso charges for the same work.
Your property
Get this report for your own London property
This page reads the market across London. Your own report reads the homes closest to yours at your bedroom count, with the rent, the value, the yield, the local demand and the rules that apply to your address. It is free and it takes about a minute.
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