Feb 07, 2023 by HM

House prices in London (N10 1)

This article reveals price per square metre data and various charts to help you understand current housing market in London (N10 1).

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Defining 'N10 1'

This analysis is limited to properties whose postcode starts with "N10 1", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in London is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 141, Gilson Place, London, sold for £415,000 on Feb-2024. Given the internal area of 77 square metres, the price per sqm is £5,389.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £7,150-£7,500, £7,500-£7,850, £7,850-£8,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 111 sales in London (N10 1) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in London (N10 1). Of the 111 transactions, half were sold for between £6,300 and £8,640 per square metre. The median, or 'middle', price per square metre in 'N10 1' is £7,300. Notably, only 25% of properties that sold recently were valued at more than £8,640m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for London

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring London. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for London

Comparison with neighbouring postcode sectors

The table below shows how 'N10 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
N10 1 London	£6,300m2	£7,300m2	£8,640m2
N10 2 Muswell Hill	£6,540m2	£8,030m2	£9,170m2
N10 3 Muswell Hill	£7,770m2	£8,970m2	£10,000m2

Will London house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for N10 1 (London). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for N10 1 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about London and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the London data or any other data I am given.

Street level data

Street	Avg size	Avg £/m2	Recent sales
Colney Hatch Lane, London, N10 1E	74m2	£6,527	27
Colney Hatch Lane, London, N10 1Q	52m2	£7,094	22
Sutton Road, London, N10 1H	108m2	£7,812	20
Creighton Avenue, London, N10 1N	193m2	£8,414	19
Gilson Place, London, N10 1B	69m2	£5,731	19
Osier Crescent, London, N10 1Q	119m2	£6,607	15
Colney Hatch Lane, London, N10 1B	80m2	£6,672	14
Wilton Road, London, N10 1L	101m2	£6,502	12

Search for your street here.

Raw data

Our analysis of London is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
141, Gilson Pl, London	£415,000 Feb-2024	77	5,389
74a, Wilton Rd, London	£490,000 Jan-2024	108	4,537
Flat 3 Pages Court, Pages Hill, London	£473,500 Dec-2023	74	6,398

See the entire list of all sales in London (N10 1) here.