London: Property, Schools and Retirement Costs
Across the 320 London locations we cover, the average property price is £732,469 and Band D council tax averages £2,121. Coombe is the most expensive at £6,000,000, Erith the least at £360,000.
The short answer
Across the 320 London locations we cover, the average property price is £732,469 and Band D council tax averages £2,121. Coombe is the most expensive at £6,000,000, Erith the least at £360,000.
Buying a home in London
The county average is £732,469. Across these locations 331 schools hold an Outstanding Ofsted rating and 800 schools are rated Good. School quality is the main reason prices differ between towns a few miles apart.
A 10% deposit on the county average is £73,247. Coombe runs 719% above that average, so the same deposit reaches further in Erith.
Average property price across London
Later life and property wealth in London
Owners aged 55 and over across London sit on an average £732,469 of property value. Typical release at 65 is around £249,039, and interest compounds against the estate from day one.
Downsizing within the county is the alternative most people skip. It costs fees and stamp duty but carries no compounding interest. Both routes are compared in the town guides below.
Retirement costs across London
Band D council tax averages £2,121 across these locations. That is £177 a month before anything else. Authorities set their own rate, so the bill can change with a short move.
Housing is the fixed line in any retirement budget. Each town guide converts the local figure into the pot needed to cover it at a 4% withdrawal rate.
Towns at a glance
| Town | Average price | Band D | Good or better schools | Guides |
|---|---|---|---|---|
| Coombe | £6,000,000 | £2,608 | 3 | Mortgage, Equity release, Pensions |
| Belgravia | £4,000,000 | £1,048 | 3 | Mortgage, Equity release, Pensions |
| Mayfair | £3,500,000 | £1,048 | 5 | Mortgage, Equity release, Pensions |
| Knightsbridge | £3,250,000 | £1,643 | 3 | Mortgage, Equity release, Pensions |
| Totteridge | £3,000,000 | £2,133 | 2 | Mortgage, Equity release, Pensions |
| Brompton | £2,250,000 | £1,643 | 5 | Mortgage, Equity release, Pensions |
| Chelsea | £1,800,000 | £1,643 | 2 | Mortgage, Equity release, Pensions |
| Kensington | £1,800,000 | £1,643 | 2 | Mortgage, Equity release, Pensions |
| Holland Park | £1,650,000 | £1,643 | 3 | Mortgage, Equity release, Pensions |
| South Kensington | £1,650,000 | £1,643 | 2 | Mortgage, Equity release, Pensions |
| St John's Wood | £1,550,000 | £1,048 | 2 | Mortgage, Equity release, Pensions |
| Marylebone | £1,500,000 | £1,048 | 4 | Mortgage, Equity release, Pensions |
| Primrose Hill | £1,500,000 | £2,207 | 2 | Mortgage, Equity release, Pensions |
| Fitzrovia | £1,300,000 | £1,048 | 2 | Mortgage, Equity release, Pensions |
| Hadley Wood | £1,300,000 | £2,268 | 3 | Mortgage, Equity release, Pensions |
| Hampstead | £1,300,000 | £2,207 | 5 | Mortgage, Equity release, Pensions |
| London Fields | £1,300,000 | £2,060 | 4 | Mortgage, Equity release, Pensions |
| Parsons Green | £1,300,000 | £1,520 | 3 | Mortgage, Equity release, Pensions |
| Petersham | £1,300,000 | £2,486 | 4 | Mortgage, Equity release, Pensions |
| Richmond Hill | £1,300,000 | £2,486 | 2 | Mortgage, Equity release, Pensions |
| Covent Garden | £1,225,000 | £1,048 | 2 | Mortgage, Equity release, Pensions |
| Bedford Park | £1,200,000 | £2,186 | 1 | Mortgage, Equity release, Pensions |
| Earls Court | £1,200,000 | £1,643 | 4 | Mortgage, Equity release, Pensions |
| Maida Vale | £1,150,000 | £1,048 | 5 | Mortgage, Equity release, Pensions |
| Belsize Park | £1,100,000 | £2,207 | 3 | Mortgage, Equity release, Pensions |
| Brook Green | £1,100,000 | £1,520 | 2 | Mortgage, Equity release, Pensions |
| Fulham | £1,100,000 | £1,520 | 4 | Mortgage, Equity release, Pensions |
| Ladbroke Grove | £1,100,000 | £1,643 | 4 | Mortgage, Equity release, Pensions |
| Soho | £1,100,000 | £1,048 | 3 | Mortgage, Equity release, Pensions |
| Bayswater | £1,050,000 | £1,048 | 2 | Mortgage, Equity release, Pensions |
| Barbican | £1,000,000 | £1,330 | 2 | Mortgage, Equity release, Pensions |
| Barons Court | £1,000,000 | £1,520 | 3 | Mortgage, Equity release, Pensions |
| Bloomsbury | £1,000,000 | £2,207 | 5 | Mortgage, Equity release, Pensions |
| East Sheen | £1,000,000 | £2,486 | 3 | Mortgage, Equity release, Pensions |
| Pimlico | £1,000,000 | £1,048 | 4 | Mortgage, Equity release, Pensions |
| West Dulwich | £1,000,000 | £1,967 | 4 | Mortgage, Equity release, Pensions |
| Westbourne | £1,000,000 | £1,048 | 4 | Mortgage, Equity release, Pensions |
| Wimbledon Park | £1,000,000 | £2,141 | 4 | Mortgage, Equity release, Pensions |
| Canonbury | £950,000 | £2,108 | 4 | Mortgage, Equity release, Pensions |
| Northwood | £950,000 | £2,045 | 3 | Mortgage, Equity release, Pensions |
| Paddington | £950,000 | £1,048 | 5 | Mortgage, Equity release, Pensions |
| Queen's Park | £950,000 | £2,235 | 3 | Mortgage, Equity release, Pensions |
| Southfields | £950,000 | £1,020 | 3 | Mortgage, Equity release, Pensions |
| Victoria | £950,000 | £1,048 | 2 | Mortgage, Equity release, Pensions |
Compare towns directly
Side by side on price, deposit, schools and running costs.
Coombe or Belgravia: Which Is Better Value?Coombe against Belgravia.Belgravia or Mayfair: Which Is Better Value?Belgravia against Mayfair.Mayfair or Knightsbridge: Which Is Better Value?Mayfair against Knightsbridge.Knightsbridge or Totteridge: Which Is Better Value?Knightsbridge against Totteridge.Totteridge or Brompton: Which Is Better Value?Totteridge against Brompton.Brompton or Chelsea: Which Is Better Value?Brompton against Chelsea.
Ask about Abbey Wood
Three details is all we need. You are told before anything is passed to a partner firm.
Ask about an introduction
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Guides across London
The 45 largest locations we cover in London by price, of 320 in total.
- Barbican: School Catchments and House Prices in Barbican, The Real Cost of Buying a First Home in Barbican, Downsizing in Barbican: What You Would Actually Release, Council Tax in Barbican: What Band D Really Costs
- Barons Court: School Catchments and House Prices in Barons Court, The Real Cost of Buying a First Home in Barons Court, Downsizing in Barons Court: What You Would Actually Release, Council Tax in Barons Court: What Band D Really Costs
- Bayswater: School Catchments and House Prices in Bayswater, How Much Deposit Do You Need to Buy in Bayswater?, The Real Cost of Buying a First Home in Bayswater, What a Lifetime Mortgage Really Costs in Bayswater, Downsizing in Bayswater: What You Would Actually Release, Inheritance Tax on a Bayswater Home, Council Tax in Bayswater: What Band D Really Costs, Stamp Duty on a Bayswater Home
- Bedford Park: School Catchments and House Prices in Bedford Park, How Much Deposit Do You Need to Buy in Bedford Park?, The Real Cost of Buying a First Home in Bedford Park, What a Lifetime Mortgage Really Costs in Bedford Park, Downsizing in Bedford Park: What You Would Actually Release, Inheritance Tax on a Bedford Park Home, Council Tax in Bedford Park: What Band D Really Costs, Stamp Duty on a Bedford Park Home
- Belgravia: School Catchments and House Prices in Belgravia, How Much Deposit Do You Need to Buy in Belgravia?, The Real Cost of Buying a First Home in Belgravia, What a Lifetime Mortgage Really Costs in Belgravia, Downsizing in Belgravia: What You Would Actually Release, Inheritance Tax on a Belgravia Home, Stamp Duty on a Belgravia Home
- Belsize Park: School Catchments and House Prices in Belsize Park, The Real Cost of Buying a First Home in Belsize Park, Downsizing in Belsize Park: What You Would Actually Release, Council Tax in Belsize Park: What Band D Really Costs
- Bloomsbury: School Catchments and House Prices in Bloomsbury, The Real Cost of Buying a First Home in Bloomsbury, Downsizing in Bloomsbury: What You Would Actually Release
- Brompton: School Catchments and House Prices in Brompton, How Much Deposit Do You Need to Buy in Brompton?, The Real Cost of Buying a First Home in Brompton, What a Lifetime Mortgage Really Costs in Brompton, Downsizing in Brompton: What You Would Actually Release, Inheritance Tax on a Brompton Home, Council Tax in Brompton: What Band D Really Costs, Stamp Duty on a Brompton Home
- Brook Green: School Catchments and House Prices in Brook Green, The Real Cost of Buying a First Home in Brook Green, Downsizing in Brook Green: What You Would Actually Release
- Canonbury: School Catchments and House Prices in Canonbury, The Real Cost of Buying a First Home in Canonbury, Downsizing in Canonbury: What You Would Actually Release
- Chelsea: School Catchments and House Prices in Chelsea, How Much Deposit Do You Need to Buy in Chelsea?, The Real Cost of Buying a First Home in Chelsea, What a Lifetime Mortgage Really Costs in Chelsea, Downsizing in Chelsea: What You Would Actually Release, Inheritance Tax on a Chelsea Home, Stamp Duty on a Chelsea Home
- City of London:
- Coombe: School Catchments and House Prices in Coombe, How Much Deposit Do You Need to Buy in Coombe?, The Real Cost of Buying a First Home in Coombe, What a Lifetime Mortgage Really Costs in Coombe, Downsizing in Coombe: What You Would Actually Release, Inheritance Tax on a Coombe Home, Stamp Duty on a Coombe Home
- Covent Garden: School Catchments and House Prices in Covent Garden, How Much Deposit Do You Need to Buy in Covent Garden?, The Real Cost of Buying a First Home in Covent Garden, What a Lifetime Mortgage Really Costs in Covent Garden, Downsizing in Covent Garden: What You Would Actually Release, Inheritance Tax on a Covent Garden Home, Stamp Duty on a Covent Garden Home
- Earls Court: School Catchments and House Prices in Earls Court, The Real Cost of Buying a First Home in Earls Court, Downsizing in Earls Court: What You Would Actually Release
- East Sheen: School Catchments and House Prices in East Sheen, The Real Cost of Buying a First Home in East Sheen, Downsizing in East Sheen: What You Would Actually Release
- Fitzrovia: School Catchments and House Prices in Fitzrovia, How Much Deposit Do You Need to Buy in Fitzrovia?, The Real Cost of Buying a First Home in Fitzrovia, What a Lifetime Mortgage Really Costs in Fitzrovia, Downsizing in Fitzrovia: What You Would Actually Release, Inheritance Tax on a Fitzrovia Home, Stamp Duty on a Fitzrovia Home
- Fulham: School Catchments and House Prices in Fulham
- Hadley Wood: School Catchments and House Prices in Hadley Wood, How Much Deposit Do You Need to Buy in Hadley Wood?, The Real Cost of Buying a First Home in Hadley Wood, Downsizing in Hadley Wood: What You Would Actually Release
- Hampstead: School Catchments and House Prices in Hampstead, The Real Cost of Buying a First Home in Hampstead, Downsizing in Hampstead: What You Would Actually Release
- Holland Park: School Catchments and House Prices in Holland Park, How Much Deposit Do You Need to Buy in Holland Park?, The Real Cost of Buying a First Home in Holland Park, What a Lifetime Mortgage Really Costs in Holland Park, Downsizing in Holland Park: What You Would Actually Release, Inheritance Tax on a Holland Park Home, Stamp Duty on a Holland Park Home
- Kensington: School Catchments and House Prices in Kensington
- Knightsbridge: School Catchments and House Prices in Knightsbridge, How Much Deposit Do You Need to Buy in Knightsbridge?, The Real Cost of Buying a First Home in Knightsbridge, What a Lifetime Mortgage Really Costs in Knightsbridge, Downsizing in Knightsbridge: What You Would Actually Release, Inheritance Tax on a Knightsbridge Home, Stamp Duty on a Knightsbridge Home
- Ladbroke Grove: School Catchments and House Prices in Ladbroke Grove, The Real Cost of Buying a First Home in Ladbroke Grove, Downsizing in Ladbroke Grove: What You Would Actually Release
- London Fields: School Catchments and House Prices in London Fields, The Real Cost of Buying a First Home in London Fields, Downsizing in London Fields: What You Would Actually Release
- Maida Vale: School Catchments and House Prices in Maida Vale, How Much Deposit Do You Need to Buy in Maida Vale?, The Real Cost of Buying a First Home in Maida Vale, What a Lifetime Mortgage Really Costs in Maida Vale, Downsizing in Maida Vale: What You Would Actually Release, Inheritance Tax on a Maida Vale Home, Stamp Duty on a Maida Vale Home
- Marylebone: School Catchments and House Prices in Marylebone, How Much Deposit Do You Need to Buy in Marylebone?, The Real Cost of Buying a First Home in Marylebone, What a Lifetime Mortgage Really Costs in Marylebone, Downsizing in Marylebone: What You Would Actually Release, Inheritance Tax on a Marylebone Home, Stamp Duty on a Marylebone Home
- Mayfair: School Catchments and House Prices in Mayfair, How Much Deposit Do You Need to Buy in Mayfair?, The Real Cost of Buying a First Home in Mayfair, What a Lifetime Mortgage Really Costs in Mayfair, Downsizing in Mayfair: What You Would Actually Release, Inheritance Tax on a Mayfair Home, Stamp Duty on a Mayfair Home
- Northwood: School Catchments and House Prices in Northwood, The Real Cost of Buying a First Home in Northwood, Downsizing in Northwood: What You Would Actually Release
- Paddington: School Catchments and House Prices in Paddington, The Real Cost of Buying a First Home in Paddington, Downsizing in Paddington: What You Would Actually Release
- Parsons Green: School Catchments and House Prices in Parsons Green, The Real Cost of Buying a First Home in Parsons Green, Downsizing in Parsons Green: What You Would Actually Release
- Petersham: School Catchments and House Prices in Petersham, The Real Cost of Buying a First Home in Petersham, Downsizing in Petersham: What You Would Actually Release
- Pimlico: School Catchments and House Prices in Pimlico, The Real Cost of Buying a First Home in Pimlico, Downsizing in Pimlico: What You Would Actually Release
- Primrose Hill: School Catchments and House Prices in Primrose Hill, The Real Cost of Buying a First Home in Primrose Hill, Downsizing in Primrose Hill: What You Would Actually Release
- Queen's Park: School Catchments and House Prices in Queen's Park, The Real Cost of Buying a First Home in Queen's Park, Downsizing in Queen's Park: What You Would Actually Release
- Richmond Hill: School Catchments and House Prices in Richmond Hill
- Soho: School Catchments and House Prices in Soho, How Much Deposit Do You Need to Buy in Soho?, The Real Cost of Buying a First Home in Soho, Downsizing in Soho: What You Would Actually Release
- South Kensington: School Catchments and House Prices in South Kensington, How Much Deposit Do You Need to Buy in South Kensington?
- Southfields: School Catchments and House Prices in Southfields, The Real Cost of Buying a First Home in Southfields, Downsizing in Southfields: What You Would Actually Release
- St John's Wood: School Catchments and House Prices in St John's Wood, How Much Deposit Do You Need to Buy in St John's Wood?, The Real Cost of Buying a First Home in St John's Wood, What a Lifetime Mortgage Really Costs in St John's Wood, Downsizing in St John's Wood: What You Would Actually Release, Inheritance Tax on a St John's Wood Home, Stamp Duty on a St John's Wood Home
- Totteridge: School Catchments and House Prices in Totteridge, How Much Deposit Do You Need to Buy in Totteridge?, The Real Cost of Buying a First Home in Totteridge, What a Lifetime Mortgage Really Costs in Totteridge, Downsizing in Totteridge: What You Would Actually Release, Inheritance Tax on a Totteridge Home, Stamp Duty on a Totteridge Home
- Victoria: School Catchments and House Prices in Victoria
- West Dulwich: School Catchments and House Prices in West Dulwich, The Real Cost of Buying a First Home in West Dulwich, Downsizing in West Dulwich: What You Would Actually Release
- Westbourne: School Catchments and House Prices in Westbourne
- Wimbledon Park: School Catchments and House Prices in Wimbledon Park, The Real Cost of Buying a First Home in Wimbledon Park, Downsizing in Wimbledon Park: What You Would Actually Release
Check broadband before you make an offer in London
Broadband speeds can vary street by street in London, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
Want all your bills in one?
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
Where are house prices highest in London?
Of the locations covered here, Coombe is highest at £6,000,000 and Erith lowest at £360,000.
How much is council tax in London?
Band D averages £2,121 a year across these locations. Each authority sets its own rate, so check the specific council before you budget.
Does That's Family Finance cover the whole of London?
For mortgages, equity release and pensions we introduce you to a separately regulated partner firm.
How do I check broadband speed at a property in London?
Use Ofcom's free broadband and mobile checker at checker.ofcom.org.uk. Enter the property's postcode and choose the address to see which broadband speeds and mobile coverage are available before you make an offer.
Your home may be repossessed if you do not keep up repayments on your mortgage.