Property in London is expensive – it’s a widely known fact.
But London is a huge city and in any large city there are areas where property is more affordable – both for renters, buyers and investors.
You just need to know where to look.
Here, we’ll look at property prices in London by postcode, listing how much it will cost, on average, for you to buy a home all across the capital.
Then we’ll highlight five London postcodes you should consider for your next purchase, rental home or investment property…
London property prices in 2021
The start of 2021 has been a busy one for the property market across the UK – and London is no exception.
With the stamp duty ‘holiday’ extended until June and then phased out until September, intense buyer demand has seen prices nationally rise by 8.2% in the year to April 2021.
In London, growth has been slower, with a 2.1% rise in prices since April 2020.
Are property prices in London falling?
Property prices in London are growing, along with the rest of the UK – but at a slower rate than many areas.
Annual price growth in London between April 2020 and April 2021 was put at 2.1% in the Halifax’s latest price index.
That’s compared, for example, with annual growth of 9% in the North West of England.
What is the most expensive postcode in London?
According to the Office for National Statistics, NW8 – covering the area of St John’s Wood in the borough of Westminster – is home to the most expensive properties in London.
ONS data suggests the average price paid for a property in NW8 is an eye-watering £5.8million.
SW1, also in Westminster, came next on the list with an average purchase price of £5.5million
London property prices by postcode
London is home to a huge number of postcode areas – and average property prices across these postcodes range from £275,000 at their cheapest to almost £2 million at their most expensive.
Here’s the definitive list of average property prices by London postcode, using data from Dataloft Inform.
We’ve also shown what the equivalent 5% deposit would be based on the average prices for each postcode area.
Central London property prices by postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| EC1 | Barbican, Clerkenwell, Finsbury | £744,055 | £37,202.75 |
| EC2 | Moorgate, Liverpool Street | £925,413 | £46,270.65 |
| EC3 | Aldgate, Monument, Tower Hill | £957,179 | £47,858.95 |
| EC4 | Fleet Street, St Paul’s | £621,141 | £31,057.05 |
| WC1 | Bloomsbury, Gray’s Inn | £867,634 | £43,381.70 |
| WC2 | Covent Garden, Holborn, Strand | £1,667,871 | £83,393.55 |
East London property prices by postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| E1 | Mile End, Stepney, Whitechapel | £518,931 | £25,946.55 |
| E2 | Bethnal Green, Shoreditch | £511,527 | £25,576.35 |
| E3 | Bow, Bromley-by-Bow | £458,971 | £22,948.55 |
| E4 | Chingford, Highams Park | £447,763 | £22,388.15 |
| E5 | Clapton | £589,863 | £29,493.15 |
| E6 | East Ham, Beckton | £350,124 | £17,506.20 |
| E7 | Forest Gate, Upton Park | £426,400 | £21,320.00 |
| E8 | Hackney, Dalston | £602,990 | £30,149.50 |
| E9 | Hackney, Homerton | £541,092 | £27,054.60 |
| E10 | Leyton | £444,525 | £22,226.25 |
| E11 | Leytonstone | £509,895 | £25,494.75 |
| E12 | Manor Park | £415,993 | £20,799.65 |
| E13 | Plaistow | £382,300 | £19,115.00 |
| E14 | Isle of Dogs, Millwall, Poplar | £545,606 | £27,280.30 |
| E15 | Stratford, West Ham | £411,224 | £20,561.20 |
| E16 | Canning Town, North Woolwich | £447,381 | £22,369.05 |
| E17 | Walthamstow | £490,380 | £24,519.00 |
| E18 | South Woodford | £491,651 | £24,582.55 |
North London property prices by postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| N1 | Barnsbury, Canonbury, Islington | £766,791 | £38,339.55 |
| N2 | East Finchley | £819,933 | £40,996.65 |
| N3 | Finchley Central | £621,632 | £31,081.60 |
| N4 | Finsbury Park, Manor House | £566,875 | £28,343.75 |
| N5 | Highbury | £787,482 | £39,374.10 |
| N6 | Highgate | £977,235 | £48,861.75 |
| N7 | Holloway | £558,457 | £27,922.85 |
| N8 | Crouch End, Hornsey | £659,062 | £32,953.10 |
| N9 | Lower Edmonton | £324,420 | £16,221.00 |
| N10 | Muswell Hill | £750,770 | £37,538.50 |
| N11 | Friern Barnet, New Southgate | £504,343 | £25,217.15 |
| N12 | North Finchley, Woodside Park | £551,198 | £27,559.90 |
| N13 | Palmers Green | £493,295 | £24,664.75 |
| N14 | Southgate | £611,052 | £30,552.60 |
| N15 | Seven Sisters | £530,245 | £26,512.25 |
| N16 | Stamford Hill, Stoke Newington | £631,021 | £31,551.05 |
| N17 | Tottenham | £402,025 | £20,101.25 |
| N18 | Upper Edmonton | £325,352 | £16,267.60 |
| N19 | Archway, Tufnell Park | £626,049 | £31,302.45 |
| N20 | Totteridge, Whetstone | £737,981 | £36,899.05 |
| N21 | Winchmore Hill | £594,879 | £29,743.95 |
| N22 | Alexandra Palace, Wood Green | £526,045 | £26,302.25 |
South London property prices postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| SE1 | Bermondsey, Borough, Southwark, Waterloo | £750,768 | £37,538.40 |
| SE2 | Abbey Wood | £330,345 | £16,517.25 |
| SE3 | Blackheath, Westcombe Park | £563,256 | £28,162.80 |
| SE4 | Brockley, Crofton Park, Honor Oak Park | £566,114 | £28,305.70 |
| SE5 | Camberwell | £521,004 | £26,050.20 |
| SE6 | Bellingham, Catford, Hither Green | £423,337 | £21,166.85 |
| SE7 | Charlton | £446,860 | £22,343.00 |
| SE8 | Deptford | £439,805 | £21,990.25 |
| SE9 | Eltham, Mottingham | £412,717 | £20,635.85 |
| SE10 | Greenwich | £550,509 | £27,525.45 |
| SE11 | Lambeth | £523,082 | £26,154.10 |
| SE12 | Grove Park | £429,390 | £21,469.50 |
| SE13 | Hither Green, Lewisham | £460,188 | £23,009.40 |
| SE14 | New Cross, New Cross Gate | £472,129 | £23,606.45 |
| SE15 | Nunhead, Peckham | £553,449 | £27,672.45 |
| SE16 | Rotherhithe, South Bermondsey, Surrey Docks | £477,043 | £23,852.15 |
| SE17 | Elephant & Castle, Walworth | £523,044 | £26,152.20 |
| SE18 | Plumstead, Woolwich | £351,089 | £17,554.45 |
| SE19 | Crystal Palace, Upper Norwood | £456,255 | £22,812.75 |
| SE20 | Anerley, Penge | £380,445 | £19,022.25 |
| SE21 | Dulwich | £712,663 | £35,633.15 |
| SE22 | East Dulwich | £705,698 | £35,284.90 |
| SE23 | Forest Hill | £521,931 | £26,096.55 |
| SE24 | Herne Hill | £749,974 | £37,498.70 |
| SE25 | South Norwood | £348,701 | £17,435.05 |
| SE26 | Sydenham | £468,563 | £23,428.15 |
| SE27 | Tulse Hill, West Norwood | £542,586 | £27,129.30 |
| SE28 | Thamesmead | £275,194 | £13,759.70 |
South West London property prices postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| SW1 | Belgravia, Pimlico, Westminster | £1,295,609 | £64,780.45 |
| SW2 | Brixton, Streatham Hill | £569,866 | £28,493.30 |
| SW3 | Brompton, Chelsea | £1,634,116 | £81,705.80 |
| SW4 | Clapham | £709,381 | £35,469.05 |
| SW5 | Earl’s Court | £997,306 | £49,865.30 |
| SW6 | Fulham, Parson’s Green | £947,286 | £47,364.30 |
| SW7 | South Kensington | £1,528,409 | £76,420.45 |
| SW8 | Nine Elms, South Lambeth | £685,696 | £34,284.80 |
| SW10 | Brixton, Stockwell | £843,329 | £42,166.45 |
| SW11 | West Brompton | £699,787 | £34,989.35 |
| SW12 | Battersea | £818,569 | £40,928.45 |
| SW13 | Balham | £1,189,849 | £59,492.45 |
| SW14 | Barnes | £938,493 | £46,924.65 |
| SW15 | East Sheen, Mortlake | £689,577 | £34,478.85 |
| SW16 | Norbury, Streatham | £506,275 | £25,313.75 |
| SW17 | Tooting | £634,246 | £31,712.30 |
| SW18 | Earlsfield, Wandsworth | £710,063 | £35,503.15 |
| SW19 | Merton, Wimbledon | £722,981 | £36,149.05 |
| SW20 | Raynes Park, South Wimbledon | £710,239 | £35,511.95 |
North West London property prices by postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| NW1 | Camden Town, Regent’s Park | £764,196 | £38,209.80 |
| NW2 | Cricklewood, Neasden | £571,267 | £28,563.35 |
| NW3 | Hampstead, Swiss Cottage | £1,137,545 | £56,877.25 |
| NW4 | Brent Cross, Hendon | £543,686 | £27,184.30 |
| NW5 | Kentish Town | £710,674 | £35,533.70 |
| NW6 | Kilburn, Queens Park, West Hampstead | £753,525 | £37,676.25 |
| NW7 | Mill Hill | £646,576 | £32,328.80 |
| NW8 | St John’s Wood | £1,112,247 | £55,612.35 |
| NW9 | Colindale, Kingsbury | £415,487 | £20,774.35 |
| NW10 | Harlesden, Kensal Green, Willesden | £620,483 | £31,024.15 |
| NW11 | Golders Green, Hampstead Garden Suburb | £817,279 | £40,863.95 |
West London property prices by postcode
| London Postcode | Areas covered | Avg property price | 5% deposit |
| W1 | Marylebone, Mayfair, Soho | £1,820,143 | £91,007.15 |
| W2 | Bayswater, Paddington | £1,000,126 | £50,006.30 |
| W3 | Acton | £549,871 | £27,493.55 |
| W4 | Chiswick | £862,285 | £43,114.25 |
| W5 | Ealing | £679,155 | £33,957.75 |
| W6 | Hammersmith | £828,790 | £41,439.50 |
| W7 | Hanwell | £538,358 | £26,917.90 |
| W8 | Kensington | £1,949,475 | £97,473.75 |
| W9 | Maida Vale, Warwick Avenue | £800,133 | £40,006.65 |
| W10 | Ladbroke Grove, North Kensington | £760,991 | £38,049.55 |
| W11 | Holland Park, Notting Hill | £1,446,853 | £72,342.65 |
| W12 | Shepherd’s Bush | £678,661 | £33,933.05 |
| W13 | West Ealing | £671,452 | £33,572.60 |
| W14 | West Kensington | £842,460 | £42,123.00 |
Outer London property prices (selected postcodes)
| London Postcode | Areas covered | Avg property price | 5% deposit |
| EN | Enfield | £418,361 | £20,918.05 |
| HA | Harrow | £460,408 | £23,020.40 |
Postcode price data from Dataloft Inform – May 2021
Where to buy property in London
London is a huge city and finding a property to buy in the capital can be a daunting task.
We’ve selected two great areas which are the best for value and the best for education…
Best area for value: Enfield
According to Office for National Statistics data, Enfield is home to three of the 10 best value postcodes in London when it comes to property prices.
Enfield is a great area to live, with superb transport links close to the M25 and easy access for commuters into central London
Average property price: £418,361*
Find out more about living in Enfield.
Best area for schools: Harrow
Harrow and education go hand in hand thanks to the prestigious Harrow School – where former British Prime Minister Winston Churchill was educated.
But for home buyers in this area of North West London, there are a host of excellent state schools to choose from.
‘Outstanding’ schools in Harrow include:
• St Anselm’s RC
• Marlborough
• Belmont
• Byron Court
• St Joseph’s RC
• Mount Stewart Junior
• Alexandra
• Newton Farm
• Heathland
• Glebe
• St Bernadette’s RC
• Whitmore High
• Sacred Heart Language Collage
• Nower Hill High
• Claremont High
• Bentley Wood High
Average property price: £460,408*
Find out more about living in Harrow.
Best up and coming area in London
When looking to buy a property in London, it can pay to research areas that are considered ‘up and coming’.
This could include areas where regeneration is taking place through government investment in things like transport links and key amenities.
Tottenham
Tottenham is currently in the early stages of the area’s 20-year regeneration plan.
But the area has already been boosted by a raft of new homes and Tottenham Hotspur FC’s dramatic new stadium, which cost around £1 billion to build.
The face of Tottenham is looking like it will be very different in the coming years and the area’s popularity is already increasing, so now is very much the time to buy in this particular ‘up and coming’ area.
Average property price: £402,025*
Average monthly rent: £1,307*
Find out more about living in Tottenham.
Best area for property to rent in North London
According to HomeLet, the average monthly rent in London is just over £1,500.
And while there are cheaper areas to rent in the capital, these are usually within the outer zones, meaning more expensive travel costs when commuting back into the city.
Golders Green
Golders Green has everything you could want as a renter in London – open space, great period and post-war properties and great transport links into the city.
Golders Park and Hampstead Heath are nearby, providing that much in-demand open space, while Golders Green station has direct Underground services to Euston, Old Street and London Bridge.
But despite all this, average rents in Golders Green aren’t too much more than the London average, meaning this is an area you should definitely consider if you’re looking to rent in the capital.
Average monthly rent: £1,676*
Where to invest in property in London
With rental demand and tenant affordability varying across London as a whole, if you’re looking to invest in a buy-to-let property, you should definitely consider location carefully.
Willesden Green
Willesden Green is hugely popular with renters who want to be part of North West London’s vibrant communities.
With 43% of tenants renting in the area aged between 18 and 29, Willesden Green is a great area to invest in flats and apartments that are in demand from young professional renters.
Willesden Green isn’t the cheapest area to buy property in London, with flats and apartments, on average, costing £457,000*.
But prices in Willesden Green have grown by a huge 26%* since April 2020 and that strong growth looks set to continue.
So, with tenant demand high, those with a long-term investment approach can enjoy a steady rental income and strong capital growth.
Average property price (flats): £457,278*
Average monthly rent (flats): £1,372*
Yield: 3.6%
Further reading…
There are lots of ‘off-plan’ property opportunities in London – but what is an off-plan property and how does buying one work? We’ve outlined everything you need to know.
Our guide to getting on the property market in London, meanwhile, is full of tips if you’re looking to buy your first home in the capital.
And if you are buying in London, you’ll need to know about the current stamp duty rules – we’ve got all the details right here.
