NW1 7RR is a residential postcode situated on Mornington Terrace, London, NW1 with 27 addresses.
It ranks as the 867th largest and 655th most expensive of the 1,330 postcodes in the NW1 area.
The postcode contains a total of 27 properties: 4 houses and 23 flats.
NW1 7RR is a residential postcode situated on Mornington Terrace, London, NW1 with 27 addresses.
It ranks as the 867th largest and 655th most expensive of the 1,330 postcodes in the NW1 area.
The postcode contains a total of 27 properties: 4 houses and 23 flats.
Sale prices range from £373,155 for 1 bedroom leasehold flats (473 ft2) to £1,000,773 for 3 bedroom leasehold flats (1,151 ft2) .
Monthly rental prices range from £2,193 pcm for 1 bed flats to £4,746 pcm for 3 bed flats.
The gross rental yield is between 5.7% and 7.1%.
The average value per square foot is £882.
The last sale in NW1 7RR sold for £390,000 on 15th March 2023. Since then prices are down an average of 5.3%.
The current average value in the postcode is £597,107.
The NW1 7RR Sales Market has decreased by 8.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.7% | £597,107 |
| April 2025 | -1.5% | £613,545 |
| April 2024 | -1.4% | £622,939 |
| April 2023 | 1.4% | £631,859 |
| April 2022 | 3.5% | £622,834 |
| April 2021 | -0.3% | £601,750 |
| April 2020 | 1.3% | £603,676 |
| April 2019 | -3.9% | £595,909 |
| April 2018 | -3.6% | £620,230 |
| April 2017 | -1.6% | £643,676 |
| April 2016 | 3.9% | £654,378 |
| April 2015 | 4.5% | £629,786 |
| April 2014 | 21% | £602,904 |
| April 2013 | 12% | £498,081 |
| April 2012 | 8.7% | £444,814 |
| April 2011 | 7% | £409,383 |
| April 2010 | 11.5% | £382,603 |
| April 2009 | -6.3% | £343,220 |
| April 2008 | 13% | £366,472 |
| April 2007 | 0% | £324,175 |
The current average rental value in the postcode is £3,223.
The NW1 7RR Rental Market has increased by 38.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 6.3% | £3,223pcm |
| April 2025 | 2.9% | £3,031pcm |
| April 2024 | 6% | £2,945pcm |
| April 2023 | 13.7% | £2,779pcm |
| April 2022 | 20.9% | £2,444pcm |
| April 2021 | -13.2% | £2,020pcm |
| April 2020 | 3.6% | £2,329pcm |
| April 2019 | 0.8% | £2,248pcm |
| April 2018 | 0.4% | £2,231pcm |
| April 2017 | -4.6% | £2,222pcm |
| April 2016 | 1% | £2,330pcm |
| April 2015 | 4.5% | £2,307pcm |
| April 2014 | -1.3% | £2,208pcm |
| April 2013 | -1% | £2,238pcm |
| April 2012 | 8.6% | £2,260pcm |
| April 2011 | 7.1% | £2,081pcm |
| April 2010 | 9.4% | £1,943pcm |
| April 2009 | -7.7% | £1,776pcm |
| April 2008 | 21.9% | £1,925pcm |
| April 2007 | 0% | £1,580pcm |
The last sale was on 15th March 2023 for £390,000 and since then the market in the area has decreased by 5.3%. The postcode has had a total of 21 sales since 1995.
NW1 7RR has seen 1 sale in the last three years and no sales in the last twelve months.
NW1 7RR is the 867th largest and the 655th most expensive postcode out of the 1,330 postcodes in the NW1 area.
Be the first Estate
Agent here!
The closest station to NW1 7RR is Mornington Crescent station which is 200 metres away.
Be the first Estate
Agent here!
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NW1 7RR, 42.3% of property is privately rented and 30.3% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NW1 7RR, 27.7% of residents are recorded as possessing school level qualifications and 54.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NW1 7RR, the average age was 36.2 and the most common age was 22.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NW1 7RR, 4.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NW1 7RR, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.