Housing Market Analysis for MERCHANT SQUARE, W2 1BF

Are you looking to understand W2 1BF house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Westminster postcode.

For the location information and nearby amenities in the W2 1BF area, explore the W2 1BF Area information page.
For comprehensive crime statistics in the W2 1BF area, explore the W2 1BF Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the W2 1BF postcode area, The average prices are as follows,

Flat
- The average price is around £1,939,900 median price is £1,500,000 Standard Deviation is £1,466,876 with Total Sold: 83
- The Last 5 Year average price is £1,728,300 with Total Sold: 10
- The most recent sale happened at this postcode is APARTMENT 1408, 3 MERCHANT SQUARE: £2,200,000 (Sold on 31 Aug 2023)
- The first recorded sale happened at this postcode is APARTMENT 1110, 3 MERCHANT SQUARE: £662,500 (Sold on 22 Aug 2014)

Sold Price Trend Over the Years:

Below table and chart gives the average W2 1BF house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£2,200,000	£19,130	1
2024	£2,510,000	£19,764	1
2022	£1,718,000	£17,773	5
2019	£1,327,667	£16,412	3
2018	£2,100,000	£19,444	1
2017	£3,163,333	£20,472	3
2016	£3,547,000	£23,541	2
2015	£3,416,733	£22,626	15
2014	£1,419,110	£14,456	52

All the Sales in the MERCHANT SQUARE, W2 1BF

See the table below for more details on the sold house prices in the W2 1BF, Westminster postcode.

Address	Sold Date	Price	% Change
APARTMENT 1408, 3 MERCHANT SQUAREFlat, LeaseholdArea: 115 Sq.mtr	31 Aug 2023	£2,200,000	First Sale
APARTMENT 1409, 3 MERCHANT SQUAREFlat, LeaseholdArea: 127 Sq.mtr	22 Mar 2024	£2,510,000	First Sale
APARTMENT 1003, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	19 Dec 2022	£1,950,000	40.79%
	27 Aug 2014	£1,385,000	First Sale
APARTMENT 1209, 3 MERCHANT SQUAREFlat, LeaseholdArea: 127 Sq.mtr	07 Dec 2022	£2,600,000	18.18%
	12 Sep 2014	£2,200,000	First Sale
APARTMENT 1804, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	12 Oct 2022	£1,940,000	-7.62%
	03 Nov 2015	£2,100,000	3.70%
	22 May 2015	£2,025,000	First Sale
APARTMENT 1506, 3 MERCHANT SQUAREFlat, LeaseholdArea: 53 Sq.mtr	13 Apr 2022	£750,000	-12.08%
	08 May 2019	£853,000	26.37%
	29 Aug 2014	£675,000	First Sale
APARTMENT 1705, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	25 Mar 2022	£1,350,000	-8.16%
	15 Sep 2014	£1,470,000	First Sale
APARTMENT 1304, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	07 Nov 2019	£1,350,000	23.29%
	18 Sep 2014	£1,095,000	First Sale
APARTMENT 1203, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	12 Jun 2019	£1,780,000	20.27%
	19 Sep 2014	£1,480,000	First Sale
APARTMENT 1702, 3 MERCHANT SQUAREFlat, LeaseholdArea: 108 Sq.mtr	24 Jan 2018	£2,100,000	First Sale
APARTMENT 1901, 3 MERCHANT SQUAREFlat, LeaseholdArea: 246 Sq.mtr	23 Dec 2017	£7,250,000	1.65%
	22 May 2015	£7,132,500	First Sale
APARTMENT 1006, 3 MERCHANT SQUAREFlat, LeaseholdArea: 53 Sq.mtr	24 Oct 2017	£865,000	37.30%
	18 Sep 2014	£630,000	First Sale
APARTMENT 1205, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	07 Sep 2017	£1,375,000	27.31%
	15 Sep 2014	£1,080,000	First Sale
APARTMENT 1902, 3 MERCHANT SQUAREFlat, LeaseholdArea: 177 Sq.mtr	18 Nov 2016	£4,194,000	-6.71%
	22 May 2015	£4,495,500	First Sale
APARTMENT 1805, 3 MERCHANT SQUAREFlat, LeaseholdArea: 124 Sq.mtr	21 Oct 2016	£2,900,000	7.41%
	22 May 2015	£2,700,000	First Sale
APARTMENT 1207, 3 MERCHANT SQUAREFlat, LeaseholdArea: 47 Sq.mtr	08 Dec 2015	£815,000	28.35%
	23 Sep 2014	£635,000	First Sale
APARTMENT 1801, 3 MERCHANT SQUAREFlat, LeaseholdArea: 212 Sq.mtr	02 Dec 2015	£5,230,000	5.66%
	22 May 2015	£4,950,000	First Sale
APARTMENT 1201, 3 MERCHANT SQUAREFlat, LeaseholdArea: 90 Sq.mtr	10 Jul 2015	£1,470,000	First Sale
APARTMENT 1701, 3 MERCHANT SQUAREFlat, LeaseholdArea: 90 Sq.mtr	05 Jun 2015	£2,327,500	26.15%
	22 May 2015	£1,845,000	First Sale
APARTMENT 1707, 3 MERCHANT SQUAREFlat, LeaseholdArea: 115 Sq.mtr	28 May 2015	£2,575,000	10.04%
	22 May 2015	£2,340,000	First Sale
APARTMENT 1903, 3 MERCHANT SQUAREFlat, LeaseholdArea: 179 Sq.mtr	22 May 2015	£4,495,500	First Sale
APARTMENT 1608, 3 MERCHANT SQUAREFlat, LeaseholdArea: 259 Sq.mtr	22 May 2015	£6,750,000	First Sale
APARTMENT 1603, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	17 Oct 2014	£1,595,000	First Sale
APARTMENT 1604, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	17 Oct 2014	£1,120,000	First Sale
APARTMENT 1301, 3 MERCHANT SQUAREFlat, LeaseholdArea: 107 Sq.mtr	02 Oct 2014	£1,680,000	First Sale
APARTMENT 1302, 3 MERCHANT SQUAREFlat, LeaseholdArea: 108 Sq.mtr	02 Oct 2014	£1,730,000	First Sale
APARTMENT 1306, 3 MERCHANT SQUAREFlat, LeaseholdArea: 53 Sq.mtr	23 Sep 2014	£692,500	First Sale
APARTMENT 1004, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	23 Sep 2014	£997,500	First Sale
APARTMENT 1401, 3 MERCHANT SQUAREFlat, LeaseholdArea: 198 Sq.mtr	23 Sep 2014	£3,588,290	First Sale
APARTMENT 1501, 3 MERCHANT SQUAREFlat, LeaseholdArea: 331 Sq.mtr	23 Sep 2014	£6,098,685	First Sale
APARTMENT 1706, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	22 Sep 2014	£1,999,999	First Sale
APARTMENT 1109, 3 MERCHANT SQUAREFlat, LeaseholdArea: 85 Sq.mtr	22 Sep 2014	£1,274,482	First Sale
APARTMENT 1002, 3 MERCHANT SQUAREFlat, LeaseholdArea: 104 Sq.mtrAge: 2012 onwards	19 Sep 2014	£1,572,500	First Sale
APARTMENT 1507, 3 MERCHANT SQUAREFlat, LeaseholdArea: 47 Sq.mtr	19 Sep 2014	£690,000	First Sale
APARTMENT 1105, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	19 Sep 2014	£997,500	First Sale
APARTMENT 1104, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	19 Sep 2014	£947,500	First Sale
APARTMENT 1007, 3 MERCHANT SQUAREFlat, LeaseholdArea: 47 Sq.mtr	19 Sep 2014	£590,000	First Sale
APARTMENT 1403, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	18 Sep 2014	£1,500,000	First Sale
APARTMENT 1208, 3 MERCHANT SQUAREFlat, LeaseholdArea: 115 Sq.mtr	18 Sep 2014	£1,745,000	First Sale
APARTMENT 1303, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	18 Sep 2014	£1,485,000	First Sale
APARTMENT 1607, 3 MERCHANT SQUAREFlat, LeaseholdArea: 115 Sq.mtr	17 Sep 2014	£2,215,508	First Sale
APARTMENT 1703, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	17 Sep 2014	£1,834,608	First Sale
APARTMENT 1503, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	17 Sep 2014	£1,524,608	First Sale
APARTMENT 1204, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	17 Sep 2014	£999,999	First Sale
APARTMENT 1803, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	17 Sep 2014	£1,978,499	First Sale
APARTMENT 1206, 3 MERCHANT SQUAREFlat, LeaseholdArea: 53 Sq.mtr	16 Sep 2014	£687,500	First Sale
APARTMENT 1009, 3 MERCHANT SQUAREFlat, LeaseholdArea: 85 Sq.mtr	16 Sep 2014	£1,250,000	First Sale
APARTMENT 1001, 3 MERCHANT SQUAREFlat, LeaseholdArea: 107 Sq.mtr	16 Sep 2014	£1,499,641	First Sale
APARTMENT 1509, 3 MERCHANT SQUAREFlat, LeaseholdArea: 127 Sq.mtr	15 Sep 2014	£2,235,000	First Sale
APARTMENT 1103, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	15 Sep 2014	£1,410,000	First Sale
APARTMENT 1106, 3 MERCHANT SQUAREFlat, LeaseholdArea: 53 Sq.mtr	12 Sep 2014	£642,500	First Sale
APARTMENT 1404, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	12 Sep 2014	£1,075,000	First Sale
APARTMENT 1704, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	12 Sep 2014	£1,465,000	First Sale
APARTMENT 1101, 3 MERCHANT SQUAREFlat, LeaseholdArea: 108 Sq.mtr	11 Sep 2014	£1,465,000	First Sale
APARTMENT 1108, 3 MERCHANT SQUAREFlat, LeaseholdArea: 124 Sq.mtr	11 Sep 2014	£1,545,000	First Sale
APARTMENT 1505, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	11 Sep 2014	£1,070,000	First Sale
APARTMENT 1606, 3 MERCHANT SQUAREFlat, LeaseholdArea: 100 Sq.mtr	11 Sep 2014	£1,515,000	First Sale
APARTMENT 1010, 3 MERCHANT SQUAREFlat, LeaseholdArea: 52 Sq.mtr	05 Sep 2014	£655,000	First Sale
APARTMENT 1111, 3 MERCHANT SQUAREFlat, LeaseholdArea: 57 Sq.mtr	05 Sep 2014	£720,000	First Sale
APARTMENT 1504, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	05 Sep 2014	£1,025,000	First Sale
APARTMENT 1202, 3 MERCHANT SQUAREFlat, LeaseholdArea: 108 Sq.mtr	02 Sep 2014	£1,710,000	First Sale
APARTMENT 1602, 3 MERCHANT SQUAREFlat, LeaseholdArea: 108 Sq.mtr	27 Aug 2014	£1,991,899	First Sale
APARTMENT 1107, 3 MERCHANT SQUAREFlat, LeaseholdArea: 47 Sq.mtr	22 Aug 2014	£592,500	First Sale
APARTMENT 1305, 3 MERCHANT SQUAREFlat, LeaseholdArea: 88 Sq.mtr	22 Aug 2014	£1,070,000	First Sale
APARTMENT 1110, 3 MERCHANT SQUAREFlat, LeaseholdArea: 52 Sq.mtr	22 Aug 2014	£662,500	First Sale

Check out the sold house prices near the W2 1BF postcode. Properties currently for saleProperties currently for rent

MERCHANT SQUARE, W2 1BF Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the W2 1BF postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the W2 1BF postcode.

Other
- The average price is around £4,302,197 median price is £941,500 Standard Deviation is £11,572,646 with Total Sold: 261
- The Last 5 Year average price is £5,067,665 with Total Sold: 128
- The most recent sale happened at this postcode is , 13 ASHBRIDGE STREET: £1,150,000 (Sold on 16 Sep 2024)
- The first recorded sale happened at this postcode is , 160 - 162 EDGWARE ROAD: £121,550 (Sold on 09 Jun 2011)
Terraced
- The average price is around £1,123,911 median price is £737,500 Standard Deviation is £1,240,514 with Total Sold: 672
- The Last 5 Year average price is £2,325,307 with Total Sold: 86
- The most recent sale happened at this postcode is , 15 PRAED MEWS: £905,000 (Sold on 16 Sep 2024)
- The first recorded sale happened at this postcode is , 92 SUSSEX GARDENS: £600,000 (Sold on 05 Jan 1995)
Flat
- The average price is around £565,244 median price is £395,000 Standard Deviation is £561,335 with Total Sold: 9,175
- The Last 5 Year average price is £1,080,698 with Total Sold: 1,388
- The most recent sale happened at this postcode is FLAT 5, 5 TALBOT SQUARE: £975,000 (Sold on 09 Sep 2024)
- The first recorded sale happened at this postcode is FLAT 25, 25 PORCHESTER PLACE: £115,000 (Sold on 03 Jan 1995)
Detached
- The average price is around £912,397 median price is £700,000 Standard Deviation is £824,688 with Total Sold: 25
- The Last 5 Year average price is £1,805,000 with Total Sold: 4
- The most recent sale happened at this postcode is , 17 HARCOURT STREET: £1,500,000 (Sold on 28 Jul 2023)
- The first recorded sale happened at this postcode is , 248 MARYLEBONE ROAD: £1,663,419 (Sold on 02 May 1995)
Semi-Detached
- The average price is around £637,155 median price is £410,000 Standard Deviation is £681,416 with Total Sold: 33
- The Last 5 Year average price is £3,000,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 8 CAMBRIDGE SQUARE: £3,000,000 (Sold on 03 Dec 2021)
- The first recorded sale happened at this postcode is , 12 HOGAN MEWS: £200,000 (Sold on 12 Jan 1995)

Sold Price Trend Over the Years:

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£2,216,000		5
2023	£1,356,125	£17,117	19
2022	£4,143,146	£24,658	20
2021	£8,853,033	£15,811	26
2020	£8,627,578	£15,210	28
2019	£1,906,691	£7,965	30
2018	£3,588,399	£28,313	24
2017	£4,235,369	£47,614	44
2016	£1,548,521	£14,891	27
2015	£2,431,170	£27,383	17
2014	£8,720,250	£169,051	12
2013	£1,728,750	£16,058	8
2011	£121,550		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£2,731,725	£10,476	8
2023	£1,955,067	£12,730	18
2022	£2,325,494	£14,617	18
2021	£1,991,333	£15,341	12
2020	£3,251,847	£13,977	18
2019	£1,553,606	£10,991	12
2018	£2,280,769	£14,815	13
2017	£3,375,923	£15,319	13
2016	£2,350,111	£12,521	18
2015	£2,058,562	£18,261	16
2014	£2,493,750	£16,894	16
2013	£1,759,035	£16,516	16
2012	£1,430,000	£11,852	18
2011	£1,501,144	£10,536	20
2010	£1,275,124	£8,138	17
2009	£1,056,933	£8,955	15
2008	£1,022,333	£10,409	12
2007	£1,075,088	£7,189	25
2006	£943,592	£5,411	39
2005	£751,552	£5,227	25
2004	£844,325	£6,059	33
2003	£581,380	£5,963	25
2002	£563,040	£5,821	28
2001	£468,794	£3,649	34
2000	£520,534	£4,002	42
1999	£448,819	£2,787	36
1998	£363,583	£2,929	36
1997	£295,608	£2,710	42
1996	£261,712	£1,716	21
1995	£281,587	£1,704	26

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£820,929	£9,082	60
2023	£1,169,370	£11,911	158
2022	£1,030,878	£13,027	270
2021	£1,194,620	£15,094	455
2020	£1,080,147	£14,165	250
2019	£892,651	£12,048	195
2018	£943,194	£12,096	133
2017	£966,349	£12,796	206
2016	£1,071,102	£13,557	269
2015	£985,738	£12,419	239
2014	£971,271	£12,147	393
2013	£763,801	£10,347	226
2012	£584,135	£9,232	225
2011	£627,611	£8,168	184
2010	£650,900	£8,094	229
2009	£555,176	£7,314	204
2008	£565,834	£6,965	214
2007	£508,906	£6,869	443
2006	£418,443	£5,738	453
2005	£381,240	£5,477	346
2004	£401,761	£5,517	464
2003	£403,395	£5,695	693
2002	£327,990	£4,918	611
2001	£265,441	£3,550	366
2000	£231,715	£3,069	425
1999	£220,131	£2,727	290
1998	£184,299	£2,227	299
1997	£157,657	£1,994	337
1996	£144,919	£1,694	289
1995	£121,943	£1,562	249

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£1,500,000		1
2022	£1,350,000	£12,808	1
2019	£2,185,000	£15,217	2
2014	£708,500		1
2013	£745,000	£14,057	1
2011	£2,000,000	£11,414	1
2009	£400,000	£11,567	1
2004	£695,000		1
2003	£515,000	£4,886	1
2002	£1,616,667	£5,280	3
2001	£660,000	£3,061	2
1999	£301,600	£5,488	5
1998	£390,000		1
1997	£160,000	£3,902	1
1996	£317,500		2
1995	£1,663,419		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£3,000,000	£13,699	1
2010	£885,000	£7,893	1
2007	£935,000	£7,484	2
2006	£2,950,000	£8,526	1
2004	£900,000	£7,087	1
2003	£498,050	£1,496	2
2002	£494,000	£3,556	2
2001	£555,000	£4,296	3
2000	£522,500	£3,905	2
1999	£405,000	£2,161	9
1998	£400,000	£2,381	2
1997	£301,400	£2,077	5
1995	£387,500	£1,757	2

House Type in W2 1BF area

The most common house types in the W2 1BF postcode area are Flat (158), commercial building (2), and Terraced (1).

Total	161
Flat	158
commercial building	2
Terraced	1
Detached	0
Semi-detached	0
Shared house	0
converted building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (64), and Social rented: Other social rented (50).

Private rented: Private landlord or letting agency	64
Social rented: Other social rented	50
Shared ownership: Shared ownership	15
Owned: Owns outright	11
Owned: Owns with a mortgage or loan	8
Private rented: Other private rented	7
Social rented: Rents from council or Local Authority	6
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the W2 1BF have 1 person in household (70), and 2 people in household (49).

1 person in household	70
2 people in household	49
3 people in household	20
4 people in household	14
5 people in household	6
7 people in household	2
0 people in household	0
6 people in household	0
8 or more people in household	0