Local market reports › W area › W1S
Hanover Square market report W1S, London
The standing W1S (Hanover Square) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 295 sales registered with HM Land Registry in W1S (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.
Covers registered sales to May 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the 2026 median for W1S (London) is £4,666,000, from 2 registered sales, down 9% on five years earlier; the mean is £4,666,000, and by floor area homes here have averaged about £27,960 per square metre over the last five years. Behind the figures sit 295 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
W1S is the postcode district covering Mayfair (east), Hanover Square, Savile Row in London. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.
Where W1S 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.
Today's W1S prices, from the sold record
The W1S median stands at £4,666,000 for 2026, built from 2 registered sales; the mean, the figure usually quoted as the "average house price", is £4,666,000, almost on top of it, so sales bunch tightly around the typical price.
Price per square metre in W1S
Measured by floor area, the last five years of W1S sales average about £27,960 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, W1S runs 1537% above it.
W1S's median sold price, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £4,666,000 | £4,666,000 | 2 |
| 2025 | £880,000 | £901,043 | 5 |
| 2024 | £1,850,000 | £1,966,930 | 3 |
| 2023 | £4,888,000 | £5,370,719 | 31 |
| 2022 | £1,900,000 | £2,227,967 | 5 |
| 2021 | £5,150,000 | £6,520,565 | 7 |
| 2020 | £4,300,000 | £5,579,339 | 4 |
| 2019 | £3,688,600 | £4,834,872 | 7 |
| 2018 | £2,150,000 | £2,865,991 | 5 |
| 2017 | £4,100,000 | £5,591,988 | 23 |
| 2016 | £14,000,000 | £19,586,139 | 1 |
| 2015 | £1,875,000 | £2,649,375 | 8 |
| 2014 | £1,895,000 | £2,688,389 | 21 |
| 2013 | £1,976,500 | £2,843,986 | 5 |
| 2012 | £1,700,000 | £2,502,188 | 14 |
| 2011 | £823,000 | £1,242,413 | 5 |
| 2010 | £1,000,000 | £1,568,257 | 18 |
| 2009 | £1,686,000 | £2,710,259 | 3 |
| 2008 | £490,000 | £803,213 | 3 |
| 2007 | £782,200 | £1,326,829 | 23 |
| 2006 | £318,700 | £553,222 | 6 |
| 2005 | £660,000 | £1,174,534 | 3 |
| 2004 | £1,200,000 | £2,179,434 | 5 |
| 2003 | £630,000 | £1,160,613 | 9 |
| 2002 | £585,000 | £1,100,672 | 12 |
| 2001 | £952,000 | £1,830,171 | 8 |
| 2000 | £435,000 | £853,688 | 8 |
| 1999 | £481,000 | £958,608 | 14 |
| 1998 | £1,025,000 | £2,069,036 | 8 |
| 1997 | £310,000 | £635,747 | 17 |
| 1996 | £485,000 | £1,022,843 | 2 |
| 1995 | £450,400 | £979,100 | 10 |
In cash terms the typical W1S home went from £450,400 in 1995 to £4,666,000 in 2026, roughly 10 times the price. Adjusted for inflation it still comes to a real rise of roughly 377%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2016. The market now sits about 76% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the W1S 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 2016 (+646.7% on the year before); the weakest, 2017 (−70.7%). 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) | +430.2% | +417.8% |
| 5 years (since 2021) | −2.0% | −6.5% |
| 10 years (since 2016) | −10.4% | −13.4% |
| 20 years (since 2006) | +14.4% | +11.3% |
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.
Sales activity in W1S
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.
The register shows 13 W1S sales across the most recent twelve months of data. Turnover has held fairly steady across the cycle: about 9 sales a year recently, against 9 a year before 2008. 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.
How W1S trades
This is a thin market: 13 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. W1S is currently the dearest district of its postcode area by median price.
What homes rent for around W1S
For renting purposes W1S sits in Westminster. The ONS average private rent there is £3,163 a month (May 2026). The spread runs from £2,517 a month for a typical one-bed to £5,378 at four-plus bedrooms, which is size doing most of the pricing.
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 £4,666,000 median sold price makes a gross yield of 0.8%. 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.
What people ask about W1S (Hanover Square)
How much did a house sell for in W1S (Hanover Square)?
Are property prices falling in W1S (Hanover Square)?
Is W1S (Hanover Square) a good place to buy a house?
What happens to W1S prices now?
That question has no honest answer, only evidence. The evidence: the median is down 9% over five years in cash but down 28% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
W1S's current homes for sale
Everything above is what homes in W1S sold for. The live side of the market holds 2 homes at the moment, listed by an agent publishing to HomesIndex, at a typical asking price 38% above the W1S median sold price.
Of everything listed here, 0% asks less than the sold record of comparable homes. Each listing is compared with recent recorded sales of similar homes nearby.
See every W1S 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.
What another bedroom costs in W
What homes of each size actually sold for across the W area, from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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%) |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
W1S ranks 10 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.
Winners and losers across the W area, five years
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside W1S, 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 |
|---|---|---|
| W1S 1 | £7,375,000 | 1 |
How W1S compares nearby
Same city, different markets. The neighbouring districts of the W area, dearest first:
| District | Median | 5-year |
|---|---|---|
| W1S (this report) | £4,666,000 | -9% |
| W1K | £4,085,000 | +0% |
| W1B | £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 in W1S? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in W1S, open the average prices map and zoom from the W1S shading down to the sold homes on your own street. Every recorded W1S sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim W1S.
Keep digging
The AI answers from the same Land Registry data this report is built on, already scoped to W1S. Free after a one click sign in.
The live map plots every individual W1S 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.
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.