City of Westminster

Area Guide For City of Westminster

Home to some of London’s most prominent and important buildings, the City of Westminster has a lot to offer. Located near the posh Kensington and Chelsea, the city is basically an inner borough of London and is bordered by the Thames at its south end. It is highly populated, and is mostly residential in nature, with convenient access to Regent Street, Piccadilly, Bond Street and Oxford Street. The popular sites in the borough include the famous Buckingham Palace and 10 Downing Street, the British Government’s headquarters.


City of Westminster Map

Estimated Price: £1,360,215
Average Asking Price: £2,411,522
Price change in last one year: £162,048
Average Price Paid: £1,034,422
Average Rent Rates: £5,343


Property Prices Breakdown in City of Westminster

Average Price for property in City of Westminster is around £1,360,215 which varies based on type of property you are interested in and ranges from £5,927,624 for detached house to around £4,006,776 for semi-detached. Similarly terraced house is around £2,952,710 and a flat is worth £1,116,078. Values have been changing and have risen £28,618 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £71,365 in last 6 months, £162,048 in last 1 year, £269,547 in last 2 years, £368,916 in last 3 years, £345,288 in last 4 years and £398,305 in last 5 years.

Currently average asking price of a property in City of Westminster is around £2,411,522 based on approximately 2,349 properties for sale. Same is the case with rental options based on 9,624 properties up for rent, average asking rent is around £5,343 per month.

Estimated property value in City of Westminster is £1,360,215. Average asking price is £2,411,522 while average price paid is £1,306,961 which is up by £162,048 and Avg. asking rent £5,343.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in City of Westminster area. In last 1 year alone average price buyer paid is around £1,306,961 based on approximately 2,349 sales in City of Westminster area alone. If you compare it to last 3 years sales of 7,621 properties where buyers paid around £1,165,865. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £1,034,422 for 13,085 and average amount paid for purchase of approx. 17,551 properties sold in last 7 years comes to about £957,064 per sale.


Properties For Sale in City of Westminster


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £994,644, £1,568,956 for a 2 bedroom house, £2,980,855 for a 3 bedroom house, £4,954,499 for a 4 bedroom house and £5,912,771 for a 5 bedroom house. For a flat similarly the prices varies from £782,257 for a single bedroom to £1,415,870 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,410,638, £4,445,491 for a 4 bedroom flat and £6,910,625 for a 5 bedroom flat. To sum up the asking prices for properties in City of Westminster it comes to around average £787,881 for 1 bedroom property, £1,422,543 for 2 bedroom, £2,456,676 for 3 bedroom, £4,647,010 for 4 bedroom and £6,290,337 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £4,581 for 1 bedroom to £5,403 for 2 bedrooms, £8,005 for 3 bedrooms, £10,314 for 4 bedrooms and £14,786 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,590. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £4,116, £6,588 for 3 bedroom, £10,877 for 4 bedroom and around £14,328 for 5 bedroom flat. You should be generally be expecting around average £2,686 rent per month for single bedroom property, £4,214 for 2 bedroom, £6,744 for 3 bedroom, £10,716 for 4 bedroom and approximately £14,477 for a 5 bedroom property in City of Westminster area.

Popular Houses in City of Westminster

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Transportation in City of Westminster

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