Westminster property market
In Westminster (London) the average private rent is £3,163/month (ONS, May 2026) and the average house price is £814,679 (HM Land Registry, April 2026). That puts rent 129% above and house prices 202% above the UK average. The gross rental yield works out at 4.7%.
- Average rent
- £3,163/mo
- -2.9% YoY
- Average house price
- £814,679
- -19.6% 12m
- Gross rental yield
- 4.7%
- UK avg 6.1%
- Price-to-rent
- 21.5
- UK avg 16.3
Rent vs buy in Westminster
The average home in Westminster costs about 21.5 years of average rent (price-to-rent ratio 21.5), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively more expensive here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Go deeper
- Rent in Westminster (1/2/3/4-bed breakdown)£3,163
- House prices in Westminster (by property type)£814,679
Nearby areas in London
- Hammersmith and Fulham£2,770/mo · £741,612
- Richmond upon Thames£2,305/mo · £794,027
- Camden£2,759/mo · £794,527
- Kensington and Chelsea£3,591/mo · £1,272,760
Frequently asked questions
- What is the average rent in Westminster?
- The average monthly private rent in Westminster is £3,163, according to the ONS Price Index of Private Rents (May 2026), -2.9% over the past 12 months. The UK average is £1,383.
- What is the average house price in Westminster?
- The average house price in Westminster is £814,679 (HM Land Registry UK House Price Index, April 2026), -19.6% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Westminster?
- Dividing the average annual rent (£37,956) by the average house price (£814,679) gives a gross rental yield of 4.7% in Westminster. This is a "gross" figure — before voids, management, maintenance and tax. The UK-average gross yield on the same basis is 6.1%.
- Is it cheaper to rent or buy in Westminster?
- In Westminster the average house price equals about 21.5 years of average rent (price-to-rent ratio 21.5). A higher ratio leans toward renting being relatively cheaper month-to-month; a lower ratio leans toward buying. The UK-average ratio is 16.3. This is a market-level signal, not personal financial advice.
Rent: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics — edition 17 June 2026, reference May 2026 (ONS PIPR). House prices: HM Land Registry — UK House Price Index (UKHPI), reference April 2026 (UKHPI). Both © Crown copyright, licensed under the Open Government Licence v3.0. Gross rental yield and price-to-rent ratio are computed from these two figures.