Area Overview

NW3, NW6, NW8, W9, NW2, NW1

Mar-May 2023

Key Findings

• Rental values averaged £769 per week for flats and £2,335 per week for houses over the last 3 months. Properties let over the last 3 months achieved an average of £49.99 per square foot per annum in rent, up from
• £44.29 at the same time last year, and up from £48.89 6 months ago
• The number of properties let over the last 3 months was up 3.2% versus the same period last year, but up 20.0% from 3 months ago.
• Achieved rental values rose by 12.9% compared to the same period last year, and rose by 2.3% versus 3 months ago.

Current Availability

Key Findings

• 52.3% of properties have asking prices less than £1,000 per week, down from 56.0% from the previous 3 months and down from 61.3% from the same time last year.
• 19.6% of properties have asking prices of £2,000 or more per week
• 25.8% of flats and 26.2% of houses currently available have seen a reduction in asking rents since they were first put on the market

The information and data within this report is provided for information purposes only. If you are reproducing or redistributing LonRes content you must include a source accreditation to LonRes LonRes information and data may not be used for commercial purposes, including using it as a basis for any other data product or service

While we make every effort to ensure our information and data is as robust as possible, we cannot guarantee its accuracy or completeness Those looking to place reliance on LonRes content do so at their own risk LonRes shall not be liable for any loss or damage, direct or indirect, arising from inaccuracy or incompleteness of the data or any decision made in reliance upon the data. None of the information or data within this report is intended to constitute investment advice or a recommendation to make Cor refrain from making) any kind of investment decision and may not be relied on as such

June 5, 2023, the NW3, NW6, NW8, W9, NW2, NW1 catchment includes all properties let within the aforementioned area.