Local market reports › W area › W1C › W1C 2
W1C 2 local market report London
Every figure on this page comes from the public record: 22 sales registered with HM Land Registry in W1C 2 (London) since 1998, 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 2023. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
W1C 2 is a postcode sector: one group of streets inside W1C (London). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where W1C 2 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.
What a home in W1C 2 sells for
The 2023 median in W1C 2 is £25,000, from 1 registered sales; the mean, £25,000, sits almost on top of it, so sales bunch tightly around the typical price.
For scale: the England and Wales median is £273,500, so W1C 2 trades 91% below the country as a whole.
The price of a typical W1C 2 home, 1998 to 2023
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2023 | £25,000 | £26,827 | 1 |
| 2022 | £3,600,000 | £4,122,822 | 1 |
| 2021 | £5,675,000 | £7,017,473 | 3 |
| 2019 | £4,685,000 | £5,997,495 | 4 |
| 2017 | £47,500,000 | £63,272,201 | 1 |
| 2016 | £2,000,000 | £2,732,673 | 1 |
| 2015 | £83,150,000 | £114,747,000 | 4 |
| 2014 | £80,000 | £110,843 | 1 |
| 2013 | £20,500,000 | £28,808,554 | 1 |
| 2009 | £616,200 | £967,413 | 3 |
| 2004 | £900,000 | £1,596,401 | 1 |
| 1998 | £850,000 | £1,675,714 | 1 |
In cash terms the typical W1C 2 home went from £850,000 in 1998 to £25,000 in 2023, a -97% rise. Strip out inflation and it is actually a fall of about 99%: a typical home here costs less in real terms than it did in 1998. Measured in today's money the market peaked in 2015; the current median sits about 100% below that. Someone who bought at the 2015 peak has not yet seen that price back in real terms.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2022) | −99.3% | −99.3% |
| 6 years (since 2017) | −71.6% | −72.6% |
| 10 years (since 2013) | −48.9% | −50.2% |
| 25 years (since 1998) | −13.2% | −15.2% |
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
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
W1C 2 recorded 1 sales in the last twelve months of data. Unusually, activity here runs above its pre-2008 level: 2 sales a year over the last five years against 1 before the financial crisis. 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 W1C 2
W1C 2 falls under Westminster, where the ONS puts the average private rent at £3,163 a month (May 2026 figures). A one-bed averages £2,517 a month here and a four-or-more-bed £5,378, so size does most of the work in setting the rent.
Average monthly rent by size, Westminster
ONS Price Index of Private Rents, May 2026.
Set against the £25,000 median sold price, £3,163 a month is £37,956 a year, a gross yield of 151.8%: 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 W1C 2 prices rise from here?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 100% over five years in cash but down 100% 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.
The risers and the fallers
The spread across the W area is the point: the same five years treated these districts very differently.
Five-year change in the median, W area districts
The biggest risers and fallers in cash terms; every row links to that district's report.
Zoom out to the full W1C district report for the type split, monthly volumes and how W1C compares with its neighbours.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about W1C 2. Free, with a one click sign in.
See every individual W1C 2 sale on the live map, mapped to the exact address, or the quick-reference W1C 2 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.