L1 5 house prices are built from 1,366 sales lodged with HM Land Registry, the oldest in 2001 and the most recent on 1 May 2026. The median price paid across the whole record is £135,000. Across the 10 years from 2016 to 2026 the median moved +13.6% in cash — but once inflation is taken out, the change in 2026 money is -18.6%.
Median price paid
£135,000
Change in cash, 2016–2026
+13.6%
Change in real terms
-18.6%
Median per m²
£2,167
HM Land Registry1,366 sales367 with floor areaLatest sale 1 May 2026
Section 01
How L1 5 prices moved
The chart tracks the median L1 5 house price for every year with a recorded sale, from 2001 to 2026. The dashed line restates each year in 2026 money, so the two lines separate exactly as much as inflation has eroded the cash figure.
| Decade | Years with sales | Median paid | In today's money |
|---|---|---|---|
| 2000s | 9 | £143,950 | £262,234 |
| 2010s | 10 | £120,000 | £169,200 |
| 2020s | 7 | £162,500 | £166,033 |
The highest yearly median on record for L1 5 is £180,050 in 2025; the lowest is £86,000 in 2001. Across the full 26-year record the cash median has moved from £86,000 to £142,000.
In 2026 money that first median is worth £168,651, so the real change over the whole record is -15.8% — about -0.69% a year after inflation. Cash growth and real growth are not the same story, and the gap is the part most price reports leave out.
Over the last decade alone the difference is stark: +13.6% in cash against -18.6% once inflation is removed. A buyer who sold at the end of that decade would have needed the real figure, not the headline one, to know whether they had actually gained.
Section 02
The most recent sales
Every row is a completed sale as lodged with HM Land Registry. The right-hand column restates the price in 2026 money, which is the only fair way to compare a sale from the 1990s with one from last year.
| Address | Sold | Type | Price paid | In today's money |
|---|---|---|---|---|
| APARTMENT 39 24 Argyle Street | 1 May 2026 | Flat or maisonette | £239,000 | £239,000 |
| APARTMENT 15 9 Cornwallis Street | 23 Apr 2026 | Flat or maisonette | £96,000 | £96,000 |
| APARTMENT 9 12 York Street | 20 Mar 2026 | Flat or maisonette | £144,000 | £144,000 |
| APARTMENT 32 9 Cornwallis Street | 11 Mar 2026 | Flat or maisonette | £271,000 | £271,000 |
| APARTMENT 25 29 Duke Street | 27 Feb 2026 | Flat or maisonette | £120,000 | £120,000 |
| APARTMENT 52 136 Duke Street | 30 Jan 2026 | Flat or maisonette | £172,500 | £172,500 |
| APARTMENT 24 48A Nelson Street | 28 Jan 2026 | Flat or maisonette | £140,000 | £140,000 |
| APARTMENT 40 24 Argyle Street | 9 Jan 2026 | Flat or maisonette | £181,000 | £181,000 |
| APARTMENT 14 STATEN COURT, 84 Tradewind Square | 9 Jan 2026 | Flat or maisonette | £115,000 | £115,000 |
| FLAT 3 1 Henry Street | 7 Jan 2026 | Flat or maisonette | £133,500 | £133,500 |
| APARTMENT 20 48A Nelson Street | 15 Dec 2025 | Flat or maisonette | £145,000 | £148,152 |
| APARTMENT 9 28 Argyle Street | 5 Dec 2025 | Flat or maisonette | £132,000 | £134,870 |
| APARTMENT 39 9 Cornwallis Street | 26 Nov 2025 | Flat or maisonette | £290,000 | £296,304 |
| FLAT 2 11 Argyle Street | 24 Nov 2025 | Flat or maisonette | £210,000 | £214,565 |
| APARTMENT 36 9 Cornwallis Street | 17 Nov 2025 | Flat or maisonette | £255,000 | £260,543 |
| APARTMENT 18 12 Madison Square | 10 Nov 2025 | Flat or maisonette | £155,000 | £158,370 |
| APARTMENT 66 136 Duke Street | 31 Oct 2025 | Flat or maisonette | £172,000 | £175,739 |
| APARTMENT 44 12 Madison Square | 17 Oct 2025 | Flat or maisonette | £340,000 | £347,391 |
| APARTMENT 1 84 Tradewind Square | 19 Sep 2025 | Flat or maisonette | £129,000 | £131,804 |
| APARTMENT 48 10 Madison Square | 6 Aug 2025 | Flat or maisonette | £250,000 | £255,435 |
| APARTMENT 1 14 Duke Street | 11 Jul 2025 | Flat or maisonette | £140,000 | £143,043 |
| APARTMENT 33 74 Duke Street | 30 Jun 2025 | Flat or maisonette | £335,000 | £342,283 |
| APARTMENT 18 74 Duke Street | 20 Jun 2025 | Flat or maisonette | £284,950 | £291,145 |
| APARTMENT 4 29 Argyle Street | 4 Jun 2025 | Flat or maisonette | £175,000 | £178,804 |
| APARTMENT 6 48A Nelson Street | 3 Jun 2025 | Flat or maisonette | £135,000 | £137,935 |
Section 03
Homes that sold twice
These addresses appear in the register more than once, so the same bricks are being priced twice. That makes them the strongest evidence of what actually happened to L1 5 values — no mix of property types can flatter the number.
| Address | First recorded sale | Most recent sale | Cash a year | Real a year |
|---|---|---|---|---|
| APARTMENT 39 24 Argyle Street | £170,000 (2008) | £239,000 (2026) | +1.9% | -1.0% |
| APARTMENT 15 9 Cornwallis Street | £96,900 (2003) | £96,000 (2026) | 0.0% | -2.8% |
| APARTMENT 9 12 York Street | £229,950 (2005) | £144,000 (2026) | -2.2% | -5.0% |
| APARTMENT 32 9 Cornwallis Street | £235,000 (2003) | £271,000 (2026) | +0.6% | -2.1% |
| APARTMENT 25 29 Duke Street | £119,950 (2013) | £120,000 (2026) | +0.0% | -2.9% |
| APARTMENT 52 136 Duke Street | £144,950 (2003) | £172,500 (2026) | +0.8% | -2.0% |
| APARTMENT 24 48A Nelson Street | £47,500 (2011) | £140,000 (2026) | +7.5% | +4.5% |
| APARTMENT 14 STATEN COURT, 84 Tradewind Square | £85,950 (2004) | £115,000 (2026) | +1.3% | -1.5% |
| FLAT 3 1 Henry Street | £86,000 (2001) | £133,500 (2026) | +1.8% | -0.9% |
| APARTMENT 20 48A Nelson Street | £135,000 (2024) | £145,000 (2025) | +7.4% | +4.3% |
| APARTMENT 9 28 Argyle Street | £189,840 (2006) | £132,000 (2025) | -1.9% | -4.7% |
| APARTMENT 39 9 Cornwallis Street | £245,000 (2004) | £290,000 (2025) | +0.8% | -2.0% |
Section 04
What sells here
The mix of property types explains a large part of any area's median. L1 5 is dominated by the type at the top of this table, so its overall median leans that way.
| Property type | Sales | Share | Median paid | Range |
|---|---|---|---|---|
| Flat or maisonette | 1,323 | 96.9% | £135,000 | £11,500 – £499,000 |
| Terraced | 23 | 1.7% | £117,000 | £6,500 – £400,000 |
| Semi-detached | 19 | 1.4% | £150,000 | £16,000 – £365,000 |
| Detached | 1 | 0.1% | £162,225 | £162,225 – £162,225 |
Section 05
How big homes are in L1 5
Energy Performance Certificates record a floor area for every home that has been surveyed, sold or let — far more homes than have changed hands. 547 certificates cover L1 5, and their median floor area is 66 m².
The median across the whole register is 76 m², so homes here are smaller than average — -13.2%. Size explains a large part of why one area's median price sits above another's, which is why the price per square metre further up this page is the fairer comparison.
| Measure | Floor area | Sample |
|---|---|---|
| Median floor area | 66 m² | about 710 sq ft |
| Smaller quarter, up to | 57 m² | about 614 sq ft |
| Larger quarter, from | 79 m² | about 850 sq ft |
| Under 60 m² | 28.3% | 155 homes |
| 150 m² and over | 0.4% | 2 homes |
Section 06
Ownership and new build in L1 5
1,333 of the sales on record are leasehold and 33 freehold — 97.6% of the market. Tenure is not a detail: a leasehold flat and a freehold house are different assets, and mixing them into one median hides the difference.
The median leasehold sale is £135,000 and the median freehold sale £150,000 — a gap of +11.1%. Most of that gap is property type rather than tenure itself: leasehold here is largely flats, freehold largely houses.
| Category | Sales | Share | Median paid |
|---|---|---|---|
| Leasehold | 1,333 | 97.6% | £135,000 |
| Freehold | 33 | 2.4% | £150,000 |
| New build | 622 | 45.5% | £133,975 |
| Existing home | 744 | 54.5% | £136,725 |
New builds sold for less than the median existing home — -2.0%. A new-build premium is normal: the buyer gets a warranty and nothing to fix, and the price is set by a developer rather than negotiated between two households.
A further 289 transfers for this area are on the register but are left out of every figure above. HM Land Registry marks them as additional price paid entries: repossessions, buy-to-let portfolio moves, transfers between companies or family, and sales at a discount such as right to buy. They are real records but they are not open-market prices, and including them would drag the median somewhere no buyer ever paid.
Section 09
How L1 5 compares
The median across the whole archive is £157,500. L1 5 sits below that national figure — -14.3%.
Where an EPC floor area could be matched to the sale, the median works out at £2,167 per square metre, across 367 of the 1,366 sales on record. Price per square metre is the only figure that compares a two-bed flat with a four-bed house honestly.
The full range on record runs from £6,500 to £499,000. Extremes usually mean something unusual — a plot sold without a house on it, a transfer between family members, or a very large property — so the median is the number to trust.
Section 10
Nearby on the record
Other sectors in L1
- L1 0£78,950 median
- L1 1£79,950 median
- L1 2£139,950 median
- L1 3£129,000 median
- L1 4£104,950 median
- L1 6£84,723 median
- L1 7£132,000 median
- L1 8£157,500 median
- L1 9£151,000 median
The wider district is L1.
Quick answers
Common questions about this data
What is the average house price in L1 5?
The median price paid in L1 5 across every sale on the register is £135,000. The median is used rather than the mean because a handful of very large sales would otherwise drag the average away from what a typical buyer paid.
How many homes have sold in L1 5?
1,366 sales are on record for L1 5, the most recent completing on 1 May 2026. Every one is a completed transfer lodged with HM Land Registry, not an asking price or an estimate.
Have L1 5 house prices actually risen?
In cash, the median rose +13.6% between 2016 and 2026. In 2026 money — that is, after inflation — the change is -18.6%. Both numbers are true; only the second one tells you whether buying here preserved value.
When were L1 5 house prices at their highest?
The highest yearly median on record is £180,050, set in 2025. That is the cash figure; measured in 2026 money the peak may fall in a different year, because inflation reshapes the series.
What is the price per square metre in L1 5?
£2,167 per square metre, from the 367 sales where an EPC floor area could be matched to the address. Price per square metre strips out size, so a flat and a house can be compared on the same basis.
How current is this data?
The latest sale shown here completed on 1 May 2026. HM Land Registry publishes Price Paid Data monthly and a sale can take a month or two to appear after completion, so the most recent weeks are always incomplete.
Cite this page: Sold Price History, “L1 5 house prices”, 2026. Source: HM Land Registry Price Paid Data © Crown copyright and database right, used under the Open Government Licence v3.0. Inflation adjustment: ONS CPIH.