Typical 3-bed house£840kacross London
Cheapest districtSE283-bed house £410k
Sold last year22,304homes in London
Prices in Westminster-20.7%on a year ago
A typical 3-bedroom house in London sold for £840,000 over the last five years, in today's money. The same home costs £410k in SE28 and £3m in W1G, so where you look matters more than almost anything else.
For the most space for your money, look at SE28: about 90 m² for a typical £410k. SW18 is the busiest market, with 583 sales last year.
Prices in Westminster are down 20.7% on a year ago. Renting a 3-bedroom home costs about £3,895 a month; a 90% mortgage on the typical 3-bed house would be around £3,831 a month at 4.5% over 30 years.
Questions about buying in London
How much is a 3-bedroom house in London?
About £840,000 across London, from sales in the last five years in today's money. It ranges from £410k in SE28 to £3m in W1G.
What is the cheapest area of London to buy a house?
For a 3-bedroom house: SE28 (£410k), E13 (£428k), E6 (£435k).
Are house prices going up in London?
In Westminster, prices are down 20.7% on a year ago and down 17.8% over five years, according to the UK House Price Index (July 2026).
Which postcode in London is best for families?
On school results and price together: SE28 (3-bed house £410k, best primary nearby 88% at the expected standard against 64% across England); E13 (3-bed house £428k, best primary nearby 97% at the expected standard against 64% across England); E6 (3-bed house £435k, best primary nearby 94% at the expected standard against 64% across England); E16 (3-bed house £446k, best primary nearby 94% at the expected standard against 64% across England).
Is London a good place to buy a house?
What the numbers say: a typical 3-bedroom house costs £840,000, prices are down 20.7% on a year ago, renting a 3-bedroom home costs about £3,895 a month against roughly £3,831 for a 90% mortgage, and 22,304 homes sold last year, so there is a real choice. Prices vary from £410k to £3m between districts, so the area you pick matters most.
How many homes sell in London each year?
22,304 homes sold across its 166 postcode districts in the last year, the most in SW18.
Sources: HM Land Registry price paid data matched to the EPC register, UK House Price Index (July 2026), ONS private rents (August 2026). The mortgage figure is an illustration, not advice.