It’s no secret that buying a house in London typically comes with an astronomical price tag. But, whether you’re looking to get on the property ladder for the first time or you’re in search of a new four-walled adventure, there’s one postcode in the capital that’s seen some of the UK’s biggest house price discounts of late. According to new figures, the Big Smoke’s W postcode – which spans areas including the West End, Paddington and Marylebone – takes the crown in this area, wielding significant potential on the property front.
As per the research, from UPSTIX, this London postcode has seen homes selling for as much as 6.5% below the asking price – so if you’re looking to stake your claim in the capital, this could be your moment. However, it’s worth noting that average house prices in this area certainly aren’t as cheap as chips, with data from Rightmove noting that in Marylebone specifically, the average sold price was £1,582,025 over the last year.
Terraced properties were in notable demand, racking up average costs of £2,654,593, while the figure for semi-detached houses was even higher, at a staggering £7,800,000. Notably, though, Marylebone isn’t just known for its famous train station – it’s served both visitors and locals with its close proximity to the centre, as well as access to green spaces like Regent’s Park and Hyde Park. Overall, this area – hailed as ‘glorious’ by one particularly enthusiastic Reddit thread – ranke.