Local market reports › NW

NW local market report North West London

Every figure on this page comes from the public record: 236,534 sales registered with HM Land Registry in the NW postcode area (North West London) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.

Sales data to May 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.

NW is the postcode area centred on North West London, taking in 11 districts. Figures this wide smooth over big local differences, so use the district reports below for anywhere specific.

What a home in NW sells for

The 2026 median in NW is £570,000, from 987 registered sales; the mean, £849,400, sits well above it, the signature of a heavy top tail: a handful of expensive sales lifting the average.

For scale: the England and Wales median is £274,000, so NW trades 108% above the country as a whole.

In cash terms the typical NW home went from £87,000 in 1995 to £570,000 in 2026, roughly 7 times the price. Even after inflation that is a real rise of about 209%: homes here genuinely became dearer, not just more expensive on paper. Measured in today's money the market peaked in 2017; the current median sits about 25% below that. Someone who bought at the 2017 peak has not yet seen that price back in real terms.

The strongest year on record here is 2000 (+21.5% on the year before); the weakest, 2018 (−6.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Annualised returns

Period	Cash, per year	Real terms, per year
1 years (since 2025)	−5.0%	−5.0%
5 years (since 2021)	−0.1%	−4.2%
10 years (since 2016)	+0.8%	−2.3%
20 years (since 2006)	+3.3%	+0.6%

Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.

Transaction volumes

NW recorded 3,959 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 9,264 sales a year before the financial crisis and 5,319 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.

What homes rent for around NW

NW falls under Camden, the local authority covering most of the NW area (parts fall under Barnet and Brent, where rents differ), where the ONS puts the average private rent at £2,759 a month (May 2026 figures). A one-bed averages £2,008 a month here and a four-or-more-bed £3,890, so size does most of the work in setting the rent.

Set against the £570,000 median sold price, £2,759 a month is £33,108 a year, a gross yield of 5.8%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.

Will NW prices rise from here?

Nobody can tell you that, and this page will not pretend to. What the record shows: the median is roughly flat over five years in cash but down 20% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.

Ladders and snakes: five-year risers and fallers

The spread across the NW area is the point: the same five years treated these districts very differently.

District by district

The area medians above hide a lot. Here is every NW district with enough sales to measure, dearest first; each links to its own full report.

District	Median (2026)	5-year	Sales
NW3 Hampstead, Belsize Park	£812,000	-15%	101
NW11 Golders Green, Temple Fortune	£790,000	-13%	53
NW8 St John's Wood, Primrose Hill (south)	£655,000	-13%	63
NW6 Kilburn, Brondesbury	£635,000	-6%	132
NW7 Mill Hill	£630,000	+10%	81
NW5 Kentish Town, Dartmouth Park	£615,000	-5%	53
NW1 Euston, Regent's Park	£600,000	-15%	81
NW2 Cricklewood, Dollis Hill	£548,500	+3%	124
NW4 Hendon	£510,000	+3%	56
NW10 Willesden, Harlesden	£460,000	-7%	131
NW9 The Hyde, Kingsbury	£405,000	-7%	112

Dig further

See every individual NW sale on the live map, mapped to the exact address, or the quick-reference NW price page. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.

How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.