Postcode selector tool
Use this tool to see how prime London postcodes performed in Q3 2024.
Pick a postcode: Area-by-area breakdown
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Battersea, Clapham & Wandsworth
Prime property prices here increased 2.9% in the last quarter meaning prices are now just 0.1% below the peak.
-7.5% Annual sales volume growth -4.9% Average Discount 5.8% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £811 4.3% 160 38.3% -4.8% 154 -1.9% £1m - £10m £952 4.6% 162 36.7% -4.9% 49 -7.5% £10m+ - - - - - - - Source: lonres -
Bayswater & Maida Vale
83% of all property here is sold at a discount to asking price, with buyers on average negotiating 10.6% off the asking price.
52.1% Annual sales volume growth -10.6% Average Discount 4.3% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1.096 8.8% 160 55.7% -6.9% 61 7.0% £1m - £10m £1,374 -2.2% 154 58.9% -10.6% 73 52.1% £10m+ £3,067 60.2% 274 100.0% -18.8% 2 200.0% Source: lonres -
Chelsea
92% of properties here are sold at a discount to asking price, with buyers on average negotiating 11.3% off the asking price.
1.1% Annual sales volume growth -11.3% Average Discount 4.0% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1.340 11.9% 184 62.0% -10.7% 50 -5.7% £1m - £10m £1,697 0.4% 156 47.9% -11.3% 94 1.1% £10m+ £2,647 -7.5% 80 33.3% -8.3% 3 50.0% Source: lonres -
Fulham & Earl’s Court
Property prices here have stayed pretty flat over the last year and are still 10.8% below the height of the market.
14.7% Annual sales volume growth -7.5% Average Discount 5.2% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £903 -7.3% 163 60.9% -7.9% 87 8.8% £1m - £10m £1,098 0.3% 138 37.2% -7.5% 78 14.7% £10m+ - - - - - - - Source: lonres -
Hammersmith & Chiswick
Property is selling fastest in this area – 128 days on average, which is a month faster than the average across prime London.
-31.7% Annual sales volume growth -4.8% Average Discount 4.7% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £816 -5.6% 188 35.9% -6.3% 39 11.4% £1m - £10m £999 4.8% 126 42.9% -4.8% 28 -31.7% £10m+ - - - - - - - Source: lonres -
Hampstead & Highgate
Following significant growth post-Covid, prices in this area peaked in Q2 2023. There have been meaningful price corrections across Hampstead & Highgate since then and prices are now 17% below the height of the market. In the last year prices fell 9.6%.
31.0% Annual sales volume growth -5.8% Average Discount 4.4% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £908 -0.9% 188 37.8% -4.3% 37 54.2% £1m - £10m £1,138 -8.4% 180 36.4% -5.8% 55 31.0% £10m+ - - - 100.0% - 1 0.0%- Source: lonres -
Kensington, Notting Hill & Holland Park
Sales activity here is strong with transaction volumes up 8.5% quarter-on-quarter, 21.4% annually and 14.9% compared to the 10-year average.
21.4% Annual sales volume growth -7.8% Average Discount 4.1% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1,066 6.7% 209 54.1% -8.5% 61 27.1% £1m - £10m £1,490 6.1% 139 39.2% -7.8% 102 21.4% £10m+ - - 220 0.0% - 5 -17.0% Source: lonres -
King’s Cross & Islington
Transaction volumes in this area have been extremely slow so far this year. Prime transaction volumes are down 75% compared to a year ago.
-75.0% Annual sales volume growth -5.2% Average Discount 5.2% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £904 -6.9% 157 30.8% -2.8% 26 -21.2% £1m - £10m £1,206 12.6% 183 28.6% -5.2% 7 -75.0% £10m+ - - - - - - - Source: lonres -
Knightsbridge & Belgravia
Following price falls of 5.6% in the last quarter, prices are still 23.1% below the height of the market, offering buyers incredible value for money when compared to historic prices.
-2.5% Annual sales volume growth -11.8% Average Discount 3.7% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m - - 229 60.0% - 5 -16.7% £1m - £10m £1,822 -7.0% 162 64.1% -11.8% 39 -2.5% £10m+ £3,401 24.2% 170 40.0% - 5 - Source: lonres -
Marylebone, Fitzrovia & Soho
New listings here are down 9.4%, and property for sale on the open market is down 2.7% compared to a year ago.
-6.9% Annual sales volume growth -9.9% Average Discount 4.6% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1,144 -8.5% 185 58.3% -8.7% 36 -2.7% £1m - £10m £1,657 3.0% 167 46.3% -9.9% 54 -6.9% £10m+ - - - - - 0 100.0% Source: lonres -
Mayfair & St James’s
Prices here fell 4.9% in the last quarter meaning prices now are still 23.7% below the height of the market. Buyers here are also negotiating the biggest discounts, 13.8% on average.
-11.1% Annual sales volume growth -13.8% Average Discount 3.0% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1,165 -23.8% - 0.0% -7.0% 1 -66.7% £1m - £10m £1,860 -20.7% 159 40.0% -13.8% 20 11.1% £10m+ - - 204 0.0% - 4 0.0% Source: lonres -
Pimlico, Westminster & Victoria
New instructions are up 31% and the volume of stock available on the open market is up 25% annually – good news for buyers in this area.
-5.9% Annual sales volume growth -6.3% Average Discount 4.9% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1,052 -5.2% 186 52.0% -7.9% 50 -12.3% £1m - £10m £1,281 1.8% 171 43.8% -6.3% 32 -5.9% £10m+ - - - - - - - Source: lonres -
South Kensington
MFS New listings here are down 9.4%, and property for sale on the open market is down 2.7% compared to a year ago.
10.8% Annual sales volume growth -10.8% Average Discount 4.0% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £1,327 2.5% 189 41.2% -9.1% 17 41.7% £1m - £10m £1,672 0.5% 189 48.8% -10.8% 41 10.8% £10m+ - - - - - 0 -100.0%. Source: lonres -
St John’s Wood, Regent’s Park & Primrose Hill
Six super prime properties (worth £10 million or more) were sold here in the last quarter, making it the most active market for super prime activity.
50.0% Annual sales volume growth -8.8% Average Discount 4.8% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £939 -4.5% 166 43.1% -5.7% 51 30.8% £1m - £10m £1,455 1.9% 142 42.9% -8.8% 63 50.0% £10m+ £3,207 30.2% 66 33.3% -16.3 6 500.0% Source: lonres -
Wimbledon, Richmond, Putney & Barnes
Following significant growth post-Covid, prices in this area peaked at the end of last year. There have been some price corrections here since then and prices are now 12.5% below the height of the market. In the last quarter we’ve seen prices fall 7.3%.
-2.6% Annual sales volume growth -3.9% Average Discount 4.9% Annual gross rental yield Q3 2024
Sold Property Price band Quarterly Average Sales £/Sq Ft Annual Change in price Time on market before sale (days) % of sold stock reduced in price Average discount for sold stock Quarterly Sales Volumes Annual change in quarterly sales volumes <£1m £775 7.7% 159 35.6% -3.7% 87 19.2% £1m - £10m £861 -2.2% 137 18.4% -3.9% 38 -2.6% £10m+ - - - - - 0 - Source: lonres
