Melrose Avenue - NW2 4LR
Key Postcode Insights
NW2 4LR is a residential postcode situated on Melrose Avenue, London, NW2 with 18 addresses.
It ranks as the 558th largest and 783rd most expensive of the 1,217 postcodes in the NW2 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 18 properties: 5 houses and 13 flats.
- Ave. Sale Price
- £732,967
- 10 Year change
- down 3.5%
- Ave. Rental Price
- £3,099pcm
- 10 Year change
- up 38.6%
- Ave. £ per ft²
- £741/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Key Postcode Insights
NW2 4LR is a residential postcode situated on Melrose Avenue, London, NW2 with 18 addresses.
It ranks as the 558th largest and 783rd most expensive of the 1,217 postcodes in the NW2 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 18 properties: 5 houses and 13 flats.
- Ave. Sale Price
- £732,967
- 10 Year change
- down 3.5%
- Ave. Rental Price
- £3,099pcm
- 10 Year change
- up 38.6%
- Ave. £ per ft²
- £741/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Explore Propertiesin NW2 4LR
- 77 Melrose Avenue
Unknown
- 79 Melrose Avenue
Building  |  3 Flats
- 81 Melrose Avenue
Building  |  2 Flats
- 83 Melrose Avenue
5 Bed Period House
- 85 Melrose Avenue
Building  |  3 Flats
Sales Market Trends
The last sale in NW2 4LR sold for £1,580,500 on 24th July 2025. Since then prices are down an average of 2.6%.
The current average value in the postcode is £732,967.
The NW2 4LR Sales Market has decreased by 3.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.3% | £732,967 |
| June 2025 | 0.4% | £758,360 |
| June 2024 | -1% | £755,431 |
| June 2023 | -1.1% | £762,845 |
| June 2022 | 3% | £771,618 |
| June 2021 | 0% | £749,360 |
| June 2020 | 1.8% | £749,151 |
| June 2019 | -0.9% | £736,120 |
| June 2018 | -1.6% | £743,039 |
| June 2017 | -0.6% | £755,285 |
| June 2016 | 8.2% | £759,564 |
| June 2015 | 2.8% | £701,680 |
| June 2014 | 19.8% | £682,780 |
| June 2013 | 10.7% | £570,052 |
| June 2012 | 5% | £514,732 |
| June 2011 | 3.4% | £490,196 |
| June 2010 | 11% | £474,124 |
| June 2009 | -9.9% | £427,040 |
| June 2008 | 6.5% | £473,899 |
| June 2007 | 0% | £445,079 |
Rental Market Trends
The current average rental value in the postcode is £3,099.
The NW2 4LR Rental Market has increased by 38.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 5.7% | £3,099pcm |
| June 2025 | -0.2% | £2,932pcm |
| June 2024 | 4% | £2,939pcm |
| June 2023 | 17.6% | £2,827pcm |
| June 2022 | 13.2% | £2,403pcm |
| June 2021 | -3.7% | £2,122pcm |
| June 2020 | -1% | £2,204pcm |
| June 2019 | 1.8% | £2,227pcm |
| June 2018 | 0.4% | £2,188pcm |
| June 2017 | -2.5% | £2,179pcm |
| June 2016 | 1.3% | £2,236pcm |
| June 2015 | 4% | £2,208pcm |
| June 2014 | 3.4% | £2,123pcm |
| June 2013 | -1.8% | £2,053pcm |
| June 2012 | 7.9% | £2,091pcm |
| June 2011 | 6.6% | £1,937pcm |
| June 2010 | 9.9% | £1,818pcm |
| June 2009 | -7.4% | £1,654pcm |
| June 2008 | 7.7% | £1,786pcm |
| June 2007 | 0% | £1,659pcm |
Sales History
The last sale was on 24th July 2025 for £1,580,500 and since then the market in the area has decreased by 2.6%. The postcode has had a total of 18 sales since 1995.
NW2 4LR has seen 1 sale in the last three years and 1 sale in the last twelve months.
- Sold Jul 2025£1,580,500 | 5 Bed House83, Melrose Avenue, London, NW2 4LR83, Melrose Avenue, London, NW2 4LR
- Sold Aug 2019£1,610,000 | 6 Bed House95, Melrose Avenue, London, NW2 4LR95, Melrose Avenue, London, NW2 4LR
- Sold Oct 2014£1,160,000 | 5 Bed House83, Melrose Avenue, London, NW2 4LR83, Melrose Avenue, London, NW2 4LR
- Sold Mar 2012£900,000 | 6 Bed House95, Melrose Avenue, London, NW2 4LR95, Melrose Avenue, London, NW2 4LR
- Sold May 2009£750,000 | 6 Bed House95, Melrose Avenue, London, NW2 4LR95, Melrose Avenue, London, NW2 4LR
Nearby Postcodes
NW2 4LR is the 558th largest and the 783rd most expensive postcode out of the 1,217 postcodes in the NW2 area.
- NW2 4JT, Melrose Avenue, London, NW2NW2 4JT68 Addresses|33 m away
- NW2 4LP, Cranhurst Road, London, NW2NW2 4LP27 Addresses|70 m away
- NW2 4LT, Chandos Road, London, NW2NW2 4LT31 Addresses|85 m away
- NW2 4LX, Melrose Avenue, London, NW2NW2 4LX20 Addresses|94 m away
- NW2 4AJ, James Avenue, London, NW2NW2 4AJ33 Addresses|95 m away
Property Types
- 4 period houses built between 1800 and 1911
- 14 other addresses of unknown type
- period house (4)
- Unknown (14)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 7 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (2)
- G (0)
- D (5)
- No EPC (11)
Top 3 Most Expensive Sales
- Sold Feb 2018£3,250,000 | 2 Bed Flat149, Melrose Avenue, London, NW2 4NA149, Melrose Avenue, London, NW2 4NA
- Sold Feb 2018£3,250,000 | 4 Bed Flat29B , Melrose Avenue, London, NW2 4LH29B , Melrose Avenue, London, NW2 4LH
- Sold Aug 2019£1,610,000 | 6 Bed House95, Melrose Avenue, London, NW2 4LR95, Melrose Avenue, London, NW2 4LR
Schools Nearby
- Anson Primary School300 m away
- Gladstone Park Primary School500 m away
- Convent of Jesus and Mary RC Infant School600 m away
- Hampstead School1.2 km away
- Queens Park Community School1.4 km away
- Menorah High School for Girls1.5 km away
More reading links
Public Transport Nearby
The closest station to NW2 4LR is Willesden Green station, which is 400 metres away.
- Willesden Green|400 m away
- Cricklewood|1.0 km away
- Dollis Hill|1.1 km away
- Kilburn|1.5 km away
