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SW1P is a postcode district in the SW (South-West London) postcode area, covering 1.0 km². Prices, sales and comparisons below are for homes sold in the twelve months to July 2026, from HM Land Registry sales matched to their energy certificate.
In the twelve months to July 2026, homes sold in SW1P (Westminster and Millbank) went for a median £10,253 per square metre, -5.2% on the previous twelve months and -7.6% on five years earlier. The median price paid was £690,000, across 108 sales (174 in the twelve months before).
That is 21.3% above the median for the SW postcode area (£8,456) and 61.1% above London as a whole (£6,364), ranking SW1P 19th of 219 London postcode districts by price per square metre and 8th of 23 in SW. Closest in price across London: N1 Islington and Angel (£10,357) and SW6 Fulham (£10,226).
94% of the homes sold were flats or maisonettes, the median home sold had 74 m² of floor space and 1% were new builds. Flats sold for a median £675,000.
Of the 3 districts bordering SW1P, 1 is dearer per square metre. The dearest is SW1V Pimlico at £10,519 and the cheapest SE1 Southwark, Bankside and Waterloo at £8,588.
| Median £/m² | 12-month change | |
|---|---|---|
| SW1P Westminster and Millbank | £10,253 | -5.2% |
| South-West London (SW) | £8,456 | -2.6% |
| London | £6,364 | -2.9% |
Each point is the median price per square metre of the homes sold in the twelve months to that month. Months with fewer than 30 sales in SW1P are left blank.
| Period | 12 months to | Median £/m² | Change to latest |
|---|---|---|---|
| Latest | Jul 2026 | £10,253 | |
| One year earlier | Jul 2025 | £10,821 | -5.2% |
| Five years earlier | Jul 2021 | £11,100 | -7.6% |
| First in the series | Feb 1995 | £3,114 | +229.2% |
Land Registry sales in SW1P matched to the home's energy certificate, the sales every figure on this page is computed from.
SW1P's Location Premium is +47.4%: in CityDataLab's factor model fitted to July 2026, an otherwise identical home (same size, type, age and energy rating) is priced 47.4% more per square metre in SW1P than in a district at the average London district price level.
The model measures a district's location by its median price per m² over the previous twelve months, in standard deviations across London's postcode districts. SW1P sits 1.11 standard deviations above the average district. The Location Premium is the part of a home's price per m² the model puts down to that location; the rest depends on the home itself and on the market as a whole. How each factor's Premium has moved · Price a home with the property calculator.
Districts that share a border with SW1P, dearest first.
| District | Median £/m², 12 months | 12-month change | Median price paid | Sales, 12 months | Vs SW1P |
|---|---|---|---|---|---|
| SW1V Pimlico | £10,519 | -7.3% | £629,750 | 146 | +2.6% |
| SW8 South Lambeth and Nine Elms | £8,922 | -3.2% | £600,000 | 323 | -13.0% |
| SE1 Southwark, Bankside and Waterloo | £8,588 | -2.3% | £547,877 | 588 | -16.2% |
Prices are HM Land Registry price paid data for homes sold in SW1P, each matched by address to its MHCLG energy performance certificate for the floor area. Price per m² is the price paid divided by that floor area; medians are taken over the twelve months to the month shown, and districts, their postcode area and London are always compared over the same twelve months. Sales without a matched certificate, and non-residential and "other" sales, are not counted. Neighbouring districts are those sharing a border on the postcode district maps by Wikipedia contributors (CC BY-SA 3.0). See how CityDataLab's factor model works.