Area Guide For Westminster

Westminster is an area of Central London within the City of Westminster on the North bank of the River Thames. An area dominated by the businesses of government, and the great symbols of British heritage. The Houses of Parliament, with its mighty bell Big Ben that can be heard throughout Central London chiming the hours, is a far more imposing building than Buckingham Palace, reflecting the power of the oldest elected government in the world. In the early twentieth century more than a quarter of the earth’s population was directly ruled from Westminster, and the imposing statuary and huge ministries of Whitehall reflect this legacy.


Westminster Map

Estimated Price: £1,198,881
Average Asking Price: £1,936,074
Price change in last one year: £143,899
Average Price Paid: £881,757
Average Rent Rates: £3,841


Property Prices Breakdown in Westminster

Average Price for property in Westminster is around £1,198,881 which varies based on type of property you are interested in and ranges from £5,172,657 for detached house to around £2,310,305 for semi-detached. Similarly terraced house is around £2,822,694 and a flat is worth £1,056,887. Values have been changing and have risen £6,316 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,544 in last 6 months, £143,899 in last 1 year, £237,736 in last 2 years, £329,201 in last 3 years, £370,862 in last 4 years and £370,219 in last 5 years.

Currently average asking price of a property in Westminster is around £1,936,074 based on approximately 517 properties for sale. Same is the case with rental options based on 938 properties up for rent, average asking rent is around £3,841 per month.

Estimated property value in Westminster is £1,198,881. Average asking price is £1,936,074 while average price paid is £1,180,798 which is up by £143,899 and Avg. asking rent £3,841.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 Westminster area. In last 1 year alone average price buyer paid is around £1,180,798 based on approximately 517 sales in Westminster area alone. If you compare it to last 3 years sales of 1,656 properties where buyers paid around £988,177. 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 £881,757 for 2,786 and average amount paid for purchase of approx. 3,678 properties sold in last 7 years comes to about £818,605 per sale.


Properties For Sale in 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 £694,500, £1,400,000 for a 2 bedroom house, £1,845,825 for a 3 bedroom house, £2,829,167 for a 4 bedroom house and £5,166,875 for a 5 bedroom house. For a flat similarly the prices varies from £939,364 for a single bedroom to £1,621,865 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,318,212, £5,485,455 for a 4 bedroom flat and £7,266,667 for a 5 bedroom flat. To sum up the asking prices for properties in Westminster it comes to around average £935,915 for 1 bedroom property, £1,617,868 for 2 bedroom, £2,298,252 for 3 bedroom, £4,099,565 for 4 bedroom and £5,739,545 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 £9,066 for 1 bedroom to £4,025 for 2 bedroom, £6,281 for 3 bedroom and £6,429 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,278. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,431, £7,318 for 3 bedroom and £12,825 for 4 bedroom. You should be generally be expecting around average £2,606 rent per month for single bedroom property, £3,474 for 2 bedroom, £7,122 for 3 bedroom and approximately £11,103 for 4 bedroom property in Westminster area.

Popular Houses in 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.

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