Premium homes and new builds, compared
A separate comparison of London's highest-value boroughs — Kensington and Chelsea, the City, Westminster, Camden, Hammersmith and Fulham, Richmond, Wandsworth and Islington. Premium sold prices, top-decile sales, new-build schemes against resale stock, and the premium homes on the market now. The prime median of £675,000 sits 28.6% above the London median.
Prime areas, side by side
1,174 recorded sales · 24% of all London completionsMedian and top-decile sold prices with the share of sales clearing £1m and £2m, so the depth of each prime market is visible alongside its headline price.
| Prime area | Median sold | 12 months | £2m+ sales | Sales |
|---|---|---|---|---|
| Kensington & Chelsea | £905,000 | -1.2% | 26% | 150 |
| City of London | £770,000 | +1.7% | 13% | 125 |
| Westminster | £680,000 | +1.3% | 13% | 150 |
| Hammersmith & Fulham | £675,000 | +3.0% | 8% | 150 |
| Richmond upon Thames | £675,000 | +1.5% | 5% | 150 |
| Islington | £636,500 | +3.9% | 3% | 150 |
| Wandsworth | £622,500 | +2.6% | 7% | 150 |
| Camden | £620,000 | -1.2% | 7% | 149 |
New build against existing stock
Median price paid for a new-build completion against the resale market in the same borough. A positive premium is what a buyer pays for a new home rather than an existing one.
| Prime area | New-build sales | Share of sales | New-build median | Existing median | Premium |
|---|---|---|---|---|---|
| Wandsworth | 2 | 1% | £1,174,500 | £617,500 | +90.2% |
| Hammersmith & Fulham | 1 | 1% | £940,000 | £670,000 | +40.3% |
New-build homes on the market
Developments and newly built homes currently listed in the prime boroughs, so a new scheme can be compared with the resale stock around it.
Premium homes listed at £1.5m and above
Sold prices and new-build flags are HM Land Registry Price Paid Data completions for the prime boroughs over the last 12 months. Premium listings are current asking prices of £1.5m or more. Figures are indicative and not a valuation. See every London borough.