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What does property cost, and what does it yield, in each London borough?

All 33 boroughs, from 55,265 sales registered with HM Land Registry in the twelve months to 31 March 2026. Every figure below carries its source and its date. What is recorded, what we calculated and what we think are kept apart — on the page and in the markup.

How to read this page. Verified data is a figure as recorded by a public register: we did not estimate it. Calculated is arithmetic we did on two cited sources, with the method shown. Market commentary is our opinion, and it is never mixed into a column of data.

What does the median home cost in each London borough?

Verified data

Kensington and Chelsea is the most expensive borough at a median of £1,130,000; Barking and Dagenham the least, at £380,000. The middle column is the number of sales behind each median — a median resting on nine hundred sales and one resting on ninety are not the same kind of number, so the count is shown rather than hidden.

Median residential sale price and gross yield, 33 London boroughs. Prices: HM Land Registry, 12 months to 31 March 2026. Rents: ONS, July 2026.
Borough Median sale price Sales Median flat Monthly rent Gross yield
Kensington and Chelsea £1,130,000 1,041 £940,000 £3,629 3.85%
City of Westminster £850,000 1,314 £765,000 £3,179 4.49%
Camden £780,000 1,177 £695,000 £2,800 4.31%
City of Londonthin volume £745,000 96 £745,000 — not published
Richmond upon Thames £725,000 1,800 £470,000 £2,318 3.84%
Hammersmith and Fulham £710,000 1,359 £600,000 £2,796 4.73%
Wandsworth £665,000 3,215 £515,000 £2,620 4.73%
Islington £661,250 1,291 £590,000 £2,854 5.18%
Haringey £585,000 1,493 £457,000 £2,213 4.54%
Barnet £585,000 2,324 £390,000 £1,945 3.99%
Hackney £580,000 1,395 £525,300 £2,644 5.47%
Harrow £558,500 1,074 £335,000 £1,773 3.81%
Kingston upon Thames £558,000 1,353 £370,000 £1,807 3.89%
Waltham Forest £556,850 1,944 £400,000 £1,765 3.80%
Merton £555,000 1,530 £395,000 £2,153 4.66%
Brent £550,000 1,302 £435,000 £2,012 4.39%
Lambeth £545,000 2,355 £460,000 £2,519 5.55%
Southwark £541,150 1,980 £450,000 £2,431 5.39%
Ealing £535,000 1,807 £390,000 £2,085 4.68%
Bromley £526,750 3,057 £335,000 £1,681 3.83%
Redbridge £516,000 1,522 £309,250 £1,724 4.01%
Hillingdon £515,000 1,685 £305,000 £1,565 3.65%
Tower Hamlets £485,000 1,686 £465,000 £2,439 6.03%
Enfield £485,000 1,695 £320,000 £1,821 4.51%
Hounslow £480,000 1,345 £346,000 £1,945 4.86%
Lewisham £475,000 2,082 £375,000 £1,828 4.62%
Sutton £453,000 1,587 £285,000 £1,553 4.11%
Havering £450,000 2,221 £260,000 £1,564 4.17%
Greenwich £450,000 1,723 £375,000 £1,980 5.28%
Newham £437,000 1,247 £370,000 £1,927 5.29%
Croydon £425,000 2,769 £280,000 £1,581 4.46%
Bexley £425,000 1,909 £261,000 £1,534 4.33%
Barking and Dagenham £380,000 887 £237,000 £1,696 5.36%

Source, sale prices and counts: HM Land Registry Price Paid Data, full-market (category A) residential sales registered 1 April 2025 to 31 March 2026, aggregated by borough. Retrieved 1 September 2026. Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0.

Source, rents: Office for National Statistics, Price Index of Private Rents — monthly price statistics, July 2026 figures, released 19 August 2026. Contains public sector information from the Office for National Statistics licensed under the Open Government Licence v3.0.

Why the median and not the average?
A handful of very large sales pulls a London average a long way from what a normal buyer pays. The median is the middle sale: half of registered sales in the borough were below it and half above. It is the more honest figure for a purchase decision, and it is the one HM Land Registry data supports directly.
Which sales are counted, and which are left out?
Only full-market sales registered with HM Land Registry between 1 April 2025 and 31 March 2026 — what the register calls category A. Repossessions, transfers between connected parties and bulk portfolio transfers are category B and are excluded, because they change hands at prices that do not describe the market a buyer is entering. Deleted records are excluded too.
Does this include new-build and leasehold?
Yes. Every registered residential sale of either tenure is in the figure. The separate flat column is there because a borough median mixes houses and flats, and in central London most transactions are flats while in outer London most are houses — comparing the two medians across boroughs compares different things.

Which boroughs return most against the purchase price?

Calculated

On these two sources, gross yield runs from 6.03% in Tower Hamlets down to 3.65% in Hillingdon. The calculation is one line and we show it rather than describe it:

ONS median monthly rent × 12 ÷ median registered sale price. Gross: nothing taken off for voids, management, maintenance, service charge or tax.

It is published for 32 of the 33 boroughs. The City of London is missing because ONS publishes no rent level for it — not because we could not be bothered to look, and not filled in with a neighbour’s figure.

How is this yield worked out?
ONS median monthly rent for the borough, multiplied by twelve, divided by the median sale price from the register. Both numbers are published; neither is ours. The arithmetic is the only thing we add, and it is shown so it can be checked.
Why is the yield not marked as verified data?
Because the two numbers describe different populations. The rent is the middle rent across homes currently let in the borough; the price is the middle price across homes sold there in a year. They are measured in different ways, by different bodies, at different dates. The ratio is useful and it is not a recorded fact, so it carries the calculated badge and not the verified one.
Is it gross or net?
Gross. It takes nothing off for void periods, management, maintenance, ground rent, service charge, insurance or tax. A net figure depends on the specific building and on the owner’s tax position, and quoting one for a whole borough would be inventing precision.

Where do price and rent pull apart, and does it matter?

Does a higher yield mean a better investment?
Not on its own. Yield is income against price at one moment; it says nothing about what the capital value will do, how liquid the borough is when you want to sell, how long homes sit empty between tenancies, or what the building will cost to keep. The boroughs at the top of this table tend to have lower capital values and flat-heavy stock — which is why the ratio is high, not a reward for having found something others missed.

How far can these figures be trusted?

Two public sources, both Open Government Licence v3.0, both dated. Nothing here is modelled, smoothed or filled in. Where a figure does not exist, the page says so instead of estimating it.

One borough is flagged. The City of London registered 96 full-market sales in the year — the median is real, but on that few transactions it moves a great deal, so it carries a thin volume mark. No other borough in London falls below the 300-sale threshold we set for that warning.

Address-level data is deliberately absent. The register’s address fields carry Royal Mail and Ordnance Survey rights that the Open Government Licence does not cover, so everything on this page is aggregated to borough level and no individual sale is republished.

How current are these figures?
Prices cover the twelve months to 31 March 2026, the last complete period in the register. Rents are the July 2026 ONS figure, released on 19 August 2026. The two dates differ and we do not pretend otherwise: that gap is part of why the yield is a calculated figure.
Do any boroughs carry a warning?
One. The City of London registered 96 full-market sales in twelve months. The median is the real recorded figure, but on that few transactions it moves a great deal, so it is flagged rather than smoothed. ONS also publishes no rent level for the City, so no yield is shown for it.
Can these figures be reused?
Yes. Both sources are Open Government Licence v3.0 and both attributions are printed below. What is not republished here is address-level data: the address fields in the register carry Royal Mail and Ordnance Survey rights that the OGL does not cover, so everything on this page is aggregated to borough level.

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Where does this sit in the rest of our work?

This page is the data floor. The judgement built on it — which boroughs suit which holding period, where the supply pipeline changes the picture, what a specific building is actually worth — lives in the pages below and in the Capital View reports.

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