Residential dwellings
31,969
Addressable residential units in the area (OS AddressBase).
W2 house prices
Sold £11,716/m² · Median sold £1,015,529 (226 sales) · Index -6.1% y/y · Turnover 0.9% · 12 months, sales to May 2026, listings to Sep 2026
What is W2?
W2: residential dwellings 31,969.
HMO-shaped dwellings
1.2%
W2 ranks 2nd of 25 neighbouring postcode districts for HMO-shaped dwellings.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 5,567
- Mixed-use buildings
- 13%
- HMO-shaped units
- 1.1%
- EPC A or B
- 14%
- EPC D or worse
- 38%
What does W2 cost?
W2: sold price per m² £11,716/m² (12 months to May 2026, 168 sales). -6.1% over the year to Jul 2026 by the house price index, which follows the same homes over time.
Sold price per m²
£11,716/m² 12 months to May 2026
168 sales
-6.1% over the year to Jul 2026 by the house price index, which follows the same homes over time.
Empirical-Bayes smoothed median of UPRN-matched completed sales per square metre (HM Land Registry Price Paid), monthly. 12-month figure: the monthly medians weighted by their sample, 12 months to May 2026, 168 sales. Observations cover 10 of 12 months in this window.
Sold price
£1,015,529 12 months to May 2026
226 sales
-6.1% over the year to Jul 2026 by the house price index, which follows the same homes over time.
Empirical-Bayes smoothed median of UPRN-matched completed sales (HM Land Registry Price Paid), monthly. 12-month figure: the monthly medians weighted by their sample, 12 months to May 2026, 226 sales.
Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own carries the parent area's price rather than a measurement, and is not published with no sample.
Asking price
£896,241 12 months to Sep 2026
2,964 listings
-5% on the previous 12 months.
Median ASKING price of residential sale listings that came to market in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 2,964 listings.
Sample is the dated listings that came to market in the latest month (added and reduced cohorts).
Settled months to Jul 2026; the dashed tail is the published projection of the index 8 months ahead, inside its 80% band. A projection of the index, not a forecast of any home's price.
ObservedForecast with intervalIndex points, not property prices
What does W2 earn?
W2: asking rent £4,361/month (12 months to Sep 2026, 3,148 lets).
Asking rent
£4,361/month 12 months to Sep 2026
3,148 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 3,148 lets.
Gross yield, asking basis
5.0% 12 months to Sep 2026
8,261 lets
+5.7% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 8,261 lets.
Sample is the dated lettings behind the latest month's rent cell.
How does W2 vary by home size?
Asking price in W2 runs from £560,327 for 1 bedroom to £5,253,321 for 5+ bedrooms.
| Homes | Asking price | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £560,327 | 12 months to Sep 2026 | -14.8% on the previous 12 months | 910 |
| 2 bedrooms | £973,812 | 12 months to Sep 2026 | -2.8% on the previous 12 months | 1090 |
| 3 bedrooms | £1,827,458 | 12 months to Sep 2026 | +8.3% on the previous 12 months | 509 |
| 4 bedrooms | £3,127,231 | 12 months to Sep 2026 | — | 186 |
| 5+ bedrooms | £5,253,321 | 12 months to Sep 2026 · 11 of 12 months observed | — | 134 |
Asking price by bedroom band: the monthly medians of sale listings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
How liquid is W2?
W2: turnover 0.9% (12 months to Feb 2026, 295 sales). -32.8% on the previous 12 months.
Turnover
0.9% 12 months to Feb 2026
295 sales
-32.8% on the previous 12 months.
Registered sales as a share of the dwelling stock, monthly; the 12-month figure adds the months. UPRN-matched sales, a floor on the registry count; the newest months fill in as registrations land. 12-month figure: the months added, 12 months to Feb 2026, 295 sales.
Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own has a rate of zero by arithmetic rather than a measured rate, and is not published with no sample.
Completed sales
477 12 months to Mar 2026
477 sales
-30.8% on the previous 12 months.
Count of HM Land Registry Price Paid completions in the month for the postcode district, straight off the registry; the newest months are still registering. 12-month figure: the months added, 12 months to Mar 2026, 477 sales.
Sample is the registry count itself; months within six months of the last ingest are still filling.
Listings for sale
1,022 12 months to Sep 2026
1,022 listings
Residential sale listings observed in the month, from portal listings. 12-month figure: the months added, 12 months to Sep 2026, 1,022 listings.
Who is active in W2?
105 agents listed homes for sale in W2; the three largest took 13% of the listings.
- Agents active
- 105
- Top three agents’ share
- 13%
- New homes among listings
- 6.9%
Days to completion is on the listings matched to a registered sale, not a sell-through rate.
Who owns W2?
Corporate landlords hold 52% of the 1,317 units in W2 whose freeholder is classified; 97% of all units are not yet classified.
- Corporate landlords52% of classified · 686 units
- Individuals (not traceable in bulk)30% of classified · 399 units
- RMC10% of classified · 137 units
- Housing associations6.9% of classified · 91 units
- Offshore companies0.2% of classified · 3 units
- RTM0.1% of classified · 1 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does W2 rank?
W2 ranks 1st of 5 postcode districts in City of Westminster for sold price per m², at £11,716/m².
Sold price per m² · postcode districts in City of Westminster
W2 ranks 1st of 5 postcode districts in City of Westminster for sold price per m², at £11,716/m².
| # | Area | Sold price per m² | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | W2 | £11,716/m² | 12 months to May 2026 · from monthly figures · 10 of 12 months observed | 168 | measured |
| 2 | SW1V | £10,744/m² | 12 months to May 2026 · from monthly figures · 9 of 12 months observed | 96 | measured |
| 3 | NW8 | £10,254/m² | 12 months to May 2026 · from monthly figures · 11 of 12 months observed | 123 | measured |
| 4 | SW1P | £10,057/m² | 12 months to May 2026 · from monthly figures · 9 of 12 months observed | 71 | indicative |
| 5 | W9 | £9,875/m² | 12 months to May 2026 · from monthly figures · 10 of 12 months observed | 182 | measured |
Full table: sold price per m² across postcode districts in City of Westminster
Gross yield, asking basis · postcode districts in City of Westminster
W2 ranks 2nd of 21 postcode districts in City of Westminster for gross yield, asking basis, at 5.0%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | W1B | 5.2% | 12 months to Sep 2026 · from monthly figures · 6 of 12 months observed | 70 | indicative |
| 2 | W2 | 5.0% | 12 months to Sep 2026 · from monthly figures | 8,261 | measured |
| 3 | SW1P | 4.7% | 12 months to Sep 2026 · from monthly figures | 1,735 | measured |
| 4 | W9 | 4.7% | 12 months to Sep 2026 · from monthly figures | 2,963 | measured |
| 5 | NW8 | 4.6% | 12 months to Sep 2026 · from monthly figures | 5,066 | measured |
Full table: gross yield, asking basis across postcode districts in City of Westminster
Turnover · postcode districts in City of Westminster
W2 ranks 2nd of 2 postcode districts in City of Westminster for turnover, at 0.9%.
| # | Area | Turnover | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | W9 | 1.6% | 12 months to Feb 2026 · from monthly figures | 321 | measured |
| 2 | W2 | 0.9% | 12 months to Feb 2026 · from monthly figures | 295 | measured |
Where next from W2?
- City of WestminsterThe wider market this area sits in.
- NW8Neighbouring postcode district · Asking £18,795/m² · Sep 2026
- SW1ANeighbouring postcode district · Asking £427,929/m² · Sep 2026
- SW1ENeighbouring postcode district · Asking £12,724/m² · Sep 2026
- SW1HNeighbouring postcode district · Asking £6,489/m² · Sep 2026
- SW1PNeighbouring postcode district · Asking £14,476/m² · Sep 2026
- SW1VNeighbouring postcode district · Asking £14,803/m² · Sep 2026
- SW1WNeighbouring postcode district · Asking £18,997/m² · Sep 2026
- SW1YNeighbouring postcode district · Asking £8,478/m² · Aug 2026
- NW1Next door, in another authority · Asking £14,458/m² · Sep 2026
- SW1XNext door, in another authority · Asking £34,494/m² · Sep 2026
- SW7Next door, in another authority · Asking £21,182/m² · Sep 2026
- W11Next door, in another authority · Asking £10,815/m² · Sep 2026
- W8Next door, in another authority · Asking £19,790/m² · Sep 2026
- SW3Next door, in another authority · Asking £20,471/m² · Sep 2026
Questions about W2
- What is the median house price in W2?
- Homes in W2 sold for a median £1,015,529 over the 12 months to May 2026, 226 sales. Per square metre that is £11,716/m². Registered completions, not asking prices.
- How have house prices in W2 changed?
- -6.1% over the year to Jul 2026 by the house price index, which follows the same homes over time.
- What is the average rent in W2?
- Homes to let in W2 asked a median £4,361/month over the 12 months to Sep 2026, 3,148 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in W2?
- 5.0% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 8,261 lets. +5.7% on the previous 12 months.
- How quickly do homes sell in W2?
- 0.9% of the homes in W2 changed hands over the 12 months to Feb 2026, 295 sales.
- What kind of homes are in W2?
- W2 has 31,969 homes, 1.2% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about W2
- Property values in W2Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in W2Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in W2What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in W2What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in W2Registered completions from Price Paid, newest first.
- Planning applications in W2What was proposed, who decided it and whether it was approved.
- Estate agents in W2Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Sold price per m² | HM Land Registry Price Paid and portal listings, monthly rollup | 12 months to May 2026 | May 2026 | 168 sales |
| Sold price | HM Land Registry Price Paid and portal listings, monthly rollup | 12 months to May 2026 | May 2026 | 226 sales |
| Asking price | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 2,964 listings |
| Asking price per m² | Portal listings | 12 months to Sep 2026 | Sep 2026 | 1,022 listings |
| Asking to sold | Portal listings, monthly rollup | 12 months to Nov 2024 | Nov 2024 | 105 matched sales |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 3,148 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 8,261 lets |
| Turnover | MarketCode market evidence | 12 months to Feb 2026 | Feb 2026 | 295 sales |
| Completed sales | MarketCode market evidence | 12 months to Mar 2026 | Mar 2026 | 477 sales |
| Listings for sale | Portal listings | 12 months to Sep 2026 | Sep 2026 | 1,022 listings |
| New listings | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 1,731 listings |
| Price reductions | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 1,233 listings |
| Live listings | MarketCode market evidence | on 3 Nov 2026 | 3 Nov 2026 | — |
| Days to completion | First listing to registered completion, over the listings matched to a registered sale; not a sell-through rate | 12 months to Nov 2024 | Nov 2024 | 105 matched sales |
Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0.