March 27, 2019
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If you’re thinking of settling down in North West London, you’ll want to ensure you get the most for your money when buying a house. We’ve collated data from Zoopla about average house prices in the region over the past 12 months, so you have all the information you need to make an informed decision.
According to Zoopla data (October 2019), over the last 12 months, the average price paid for property in North West London was £910,716. Get an idea of how much house you can get for your budget with our breakdown of average property prices by property type:
NW London is one of the city’s most affluent areas, so it’s no surprise that some parts of the region come in as some of the most expensive places to live in London. This includes the popular area of St John’s Wood, NW8, where house prices average £1,579,015, and Hampstead, NW3, where the average house price is £1,513,485. Similar to St John’s Wood, Hampstead is an affluent residential community, with a long history of intellectual, artistic, liberal and literary communities living in the area.
The NW1 postal area, sometimes known as the North West Head district, is another of London’s most expensive areas to live. This region includes Baker Street, Regent’s Park, Euston, Camden Town and Somers Hill as well as parts of Marylebone, Primrose Hill and Lisson Grove. This vibrant area is nestled between central London and multicultural Camden, with average house prices reaching £1,081,024. Property prices in all three of these areas have actually decreased over the last 5 years, with prices in NW1 decreasing most significantly at 5.92%.
On the other hand, house prices in Golders Green, NW11, have increased by 13.34% over the past 5 years, with the average cost being £1,050,095. However, there are also more affordable properties in the area, with apartment developments offering an alternative to the area’s more expensive detached houses.
Kilburn, NW6, is another area which has seen an increase in house prices over the last 5 years. Located under 4 miles from Charing Cross, it’s a popular area with young professionals who buy property here for its easy access to the city centre and vibrant, multicultural atmosphere. Prices here go for an average of £837,418.
North West London has a reputation for being home to A-listers and celebrities, with houses that cost in the millions. However, there are some more affordable areas in the region as well, making it the perfect place for first time buyers to set up home.
One of these areas is The Hyde, NW9, where house prices average £392,575. This is a quiet residential area which is popular with families, with a selection of different types of properties available to buy, from townhouses to apartments. Prices here have increased by 13.17% over the last 5 years, so don’t wait too long if you’re thinking of buying a home here.
Properties in Willesden, NW10, are also some of North West London’s most affordable, averaging at £568,653. The area has seen significant gentrification over the last few years, but still ranks among the cheapest areas to live in the north west of the city, and with easy access to the Overground as well as Jubilee and Bakerloo lines on the Underground, it’s a popular place for both families and young professionals.
Hendon is just 7 miles north of Charing Cross, and is a quiet residential area, with a close-knit village feel. Easy links to the city centre and the rest of London makes it a popular area for families and professionals, and with the average property price coming in at £601,950, it’s an affordable region in which to buy a home. However, this price has increased by 15.28% over the last 5 years, and is likely to rise as the area undergoes gentrification.
Cricklewood, NW2, has a mixture of late Victorian, Edwardian and 1930s housing, with an average property price of £625,941. It’s an up-and-coming area with a vibrant community feel, perfect for families and first time buyers who want to invest in a quiet residential location.
Mill Hill, NW7, is another quiet residential areas with plenty of green spaces, making it a popular choice for families. The average house price here is £668,718, which has increased by 9.16% over the last 5 years, as families and young professionals realise all the benefits NW London has to offer.
Hendon, The Hyde and Mill Hill are all increasing in popularity, making them North West London’s most up-and-coming areas. If you’re looking to invest in your future by buying a property in a region which is becoming more and more sought-after, any of these areas would make a great choice.
How much will you get for your money in North West London? Buying a 5-bed detached house in St John’s Wood would set you back a whopping £7,899,828, whereas a detached house with the same number of bedrooms in The Hyde costs just £712,374.
North West London includes some of the city’s most sought-after postcodes, and is home to a high number of millionaires, residing in affluent areas like St John’s Wood and Hampstead. However, it also includes some areas with more affordable housing options. The Hyde, Mill Head and Hendon are all good choices for buyers looking to invest in an up-and-coming area.
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March 27, 2019
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