Local market reports › W area › W1B
Portland Place market report W1B, London
The W1B (Portland Place) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 498 sales registered with HM Land Registry in W1B (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 recorded to May 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the typical home in W1B (London) sold for £2,003,800 in 2026, the median of 2 registered sales, down 53% on five years earlier. The mean was £2,003,800, and by floor area homes here have averaged about £27,200 per square metre over the last five years. The figures cover 498 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
W1B is a postcode district covering Portland Place, Regent Street in London. It is the most useful size for market figures: tight enough to describe somewhere real, large enough that sales keep coming and the medians hold steady.
Where W1B sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
The going rate for a home in W1B
Across 2 registered 2026 sales, the typical (median) W1B home went for £2,003,800. The mean is £2,003,800, nearly identical to it, meaning sales cluster closely around the typical figure.
Price per square metre in W1B
Measured by floor area, the last five years of W1B sales average about £27,200 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
Against a national (England and Wales) median of £285,000, W1B runs 603% above it.
W1B's median sold price, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £2,003,800 | £2,003,800 | 2 |
| 2025 | £1,007,500 | £1,031,592 | 4 |
| 2024 | £4,375,000 | £4,651,524 | 9 |
| 2023 | £2,500,000 | £2,746,890 | 15 |
| 2022 | £5,195,000 | £6,091,730 | 29 |
| 2021 | £4,270,000 | £5,406,371 | 23 |
| 2020 | £3,500,000 | £4,541,322 | 37 |
| 2019 | £3,912,500 | £5,128,351 | 4 |
| 2018 | £1,630,000 | £2,172,821 | 1 |
| 2017 | £5,512,500 | £7,518,497 | 12 |
| 2016 | £4,200,000 | £5,875,842 | 9 |
| 2015 | £3,845,000 | £5,432,985 | 14 |
| 2014 | £1,650,000 | £2,340,813 | 13 |
| 2013 | £868,800 | £1,250,116 | 14 |
| 2012 | £1,828,500 | £2,691,323 | 18 |
| 2011 | £767,500 | £1,158,630 | 14 |
| 2010 | £700,000 | £1,097,780 | 9 |
| 2009 | £762,000 | £1,224,922 | 12 |
| 2008 | £750,000 | £1,229,408 | 17 |
| 2007 | £596,000 | £1,010,982 | 15 |
| 2006 | £425,000 | £737,746 | 22 |
| 2005 | £512,500 | £912,043 | 14 |
| 2004 | £701,800 | £1,274,606 | 10 |
| 2003 | £295,000 | £543,462 | 13 |
| 2002 | £380,000 | £714,967 | 25 |
| 2001 | £320,000 | £615,184 | 17 |
| 2000 | £325,000 | £637,813 | 21 |
| 1999 | £230,500 | £459,374 | 24 |
| 1998 | £140,800 | £284,215 | 31 |
| 1997 | £244,000 | £500,395 | 18 |
| 1996 | £185,000 | £390,157 | 20 |
| 1995 | £195,000 | £423,900 | 12 |
In cash terms the typical W1B home went from £195,000 in 1995 to £2,003,800 in 2026, roughly 10 times the price. Inflation explains only part of it: in today's money the rise is still about 373%, a genuine increase in what a home here costs. The real-terms peak came in 2017, and today's median remains roughly 73% under it: a 2017 buyer is still waiting to get that price back in today's money.
Year-on-year change in the W1B median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2019 (+140.0% on the year before); the weakest, 2025 (−77.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +98.9% | +94.2% |
| 5 years (since 2021) | −14.0% | −18.0% |
| 10 years (since 2016) | −7.1% | −10.2% |
| 20 years (since 2006) | +8.1% | +5.1% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
The turnover behind the prices
The year-by-year sales count
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
Month by month, five years back
Registrations by month. The repeating sawtooth is seasonality, and the right-hand edge always dips because the register lags completions.
Over the last twelve months of data, 15 sales completed in W1B. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 17 sales a year before the financial crisis and 12 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.
Reading the W1B market
Only 15 sales completed here in the last twelve months of data, which makes W1B a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. W1B sits 3 of 25 in its area's price order, well inside the expensive end.
Rents around W1B
W1B falls under Westminster, where the ONS puts the average private rent at £3,163 a month (May 2026 figures). Size sets most of the rent: one-beds average £2,517 a month here against £5,378 for four or more bedrooms.
Average monthly rent by size, Westminster
ONS Price Index of Private Rents, May 2026.
£3,163 a month is £37,956 a year, which against the £2,003,800 median sold price makes a gross yield of 1.9%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
W1B (Portland Place): the questions that come up
Are property prices falling in W1B (Portland Place)?
Is W1B (Portland Place) a good place to buy a house?
How much did a house sell for in W1B (Portland Place)?
Where do W1B prices go next?
The record answers a different question than "what happens next": the median is down 53% over five years in cash but down 63% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
On the market in W1B today
Everything above is what homes in W1B sold for. The live side of the market holds 2 homes at the moment, listed by 2 agents publishing to HomesIndex, at a typical asking price 348% above the W1B median sold price.
Of everything listed here, 0% asks less than the sold record of comparable homes. The comparison behind each listing uses recent recorded sales of similar homes close by.
See every W1B home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
The price of an extra bedroom in W
What homes of each size actually sold for across the W area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | — | £1,185,000 | £1,648,050 (+39%) | £2,400,000 (+46%) |
| Semi-detached | — | £650,000 | £850,000 (+31%) | £1,175,000 (+38%) | £1,681,250 (+43%) |
| Terraced | £563,825 | £675,000 (+20%) | £875,000 (+30%) | £1,200,000 (+37%) | £1,750,000 (+46%) |
| Flat | £450,000 | £630,000 (+40%) | £1,100,000 (+75%) | £2,300,000 (+109%) | £4,100,000 (+78%) |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
W1B ranks 22 of 25 in the W area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
W area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside W1B, sector by sector
Postcode sectors are the next slice down, each a group of streets with its own market report. Prices can differ sharply between two sectors a few minutes' walk apart.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| W1B 1 | £2,003,800 | 2 |
How W1B compares nearby
Same city, different markets. The neighbouring districts of the W area, dearest first:
| District | Median | 5-year |
|---|---|---|
| W1S | £4,666,000 | -9% |
| W1K | £4,085,000 | +0% |
| W1B (this report) | £2,003,800 | -53% |
| W1J | £1,700,000 | +14% |
| W1G | £1,450,000 | -14% |
| W8 | £1,135,000 | -45% |
| W1D | £1,007,500 | +64% |
| W11 | £950,000 | -21% |
| W1U | £893,200 | -31% |
| W1H | £892,500 | -40% |
| W4 | £822,500 | +6% |
| W2 | £740,000 | -22% |
| W1W | £725,000 | -12% |
| W10 | £702,500 | -2% |
| W13 | £691,000 | +6% |
| W1T | £675,000 | -56% |
| W6 | £661,000 | -12% |
| W9 | £625,000 | -9% |
| W12 | £623,800 | -17% |
| W5 | £585,000 | +2% |
| W14 | £577,500 | -21% |
| W7 | £571,800 | +6% |
| W1F | £565,000 | -53% |
| W3 | £430,000 | -24% |
Selling a home in W1B? Price it on the evidence
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at W1B's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim W1B.
Dig further
The AI answers from the same Land Registry data this report is built on, already scoped to W1B. Free after a one click sign in.
The live map plots every individual W1B sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.