Melrose Avenue - NW2 4LY
Key Postcode Insights
NW2 4LY is a residential postcode situated on Melrose Avenue, London, NW2 with 29 addresses.
It ranks as the 803rd largest and 483rd 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 29 properties: 8 houses and 21 flats.
- Ave. Sale Price
- £618,691
- 10 Year change
- down 4.1%
- Ave. Rental Price
- £2,706pcm
- 10 Year change
- up 37.7%
- Ave. £ per ft²
- £756/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Key Postcode Insights
NW2 4LY is a residential postcode situated on Melrose Avenue, London, NW2 with 29 addresses.
It ranks as the 803rd largest and 483rd 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 29 properties: 8 houses and 21 flats.
- Ave. Sale Price
- £618,691
- 10 Year change
- down 4.1%
- Ave. Rental Price
- £2,706pcm
- 10 Year change
- up 37.7%
- Ave. £ per ft²
- £756/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Explore Propertiesin NW2 4LY
- 117 Melrose Avenue
Building  |  3 Flats
- 119 Melrose Avenue
Building  |  2 Flats
- 121 Melrose Avenue
Building  |  2 Flats
- 123 Melrose Avenue
Unknown
- 125 Melrose Avenue
Unknown
Sales Market Trends
The last sale in NW2 4LY sold for £600,000 on 29th September 2025. Since then prices are down an average of 1.1%.
The current average value in the postcode is £618,691.
The NW2 4LY Sales Market has decreased by 4.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.3% | £618,691 |
| June 2025 | 0.3% | £639,958 |
| June 2024 | -1% | £637,967 |
| June 2023 | -1.1% | £644,362 |
| June 2022 | 2.8% | £651,753 |
| June 2021 | -0.3% | £634,176 |
| June 2020 | 1.8% | £635,943 |
| June 2019 | -0.9% | £624,860 |
| June 2018 | -1.6% | £630,733 |
| June 2017 | -0.6% | £641,203 |
| June 2016 | 8.3% | £645,129 |
| June 2015 | 2.9% | £595,536 |
| June 2014 | 19.7% | £578,646 |
| June 2013 | 10.7% | £483,311 |
| June 2012 | 5.1% | £436,756 |
| June 2011 | 3.1% | £415,439 |
| June 2010 | 10.8% | £402,827 |
| June 2009 | -10.1% | £363,650 |
| June 2008 | 6.5% | £404,394 |
| June 2007 | 0% | £379,793 |
Rental Market Trends
The current average rental value in the postcode is £2,706.
The NW2 4LY Rental Market has increased by 37.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 5.7% | £2,706pcm |
| June 2025 | -0.3% | £2,559pcm |
| June 2024 | 3.9% | £2,567pcm |
| June 2023 | 17.6% | £2,470pcm |
| June 2022 | 13% | £2,099pcm |
| June 2021 | -4% | £1,858pcm |
| June 2020 | -1% | £1,936pcm |
| June 2019 | 1.8% | £1,956pcm |
| June 2018 | 0.4% | £1,921pcm |
| June 2017 | -2.6% | £1,914pcm |
| June 2016 | 1.3% | £1,964pcm |
| June 2015 | 4.2% | £1,939pcm |
| June 2014 | 3.4% | £1,861pcm |
| June 2013 | -1.9% | £1,801pcm |
| June 2012 | 8% | £1,835pcm |
| June 2011 | 6.3% | £1,698pcm |
| June 2010 | 9.6% | £1,598pcm |
| June 2009 | -7.6% | £1,457pcm |
| June 2008 | 7.7% | £1,577pcm |
| June 2007 | 0% | £1,464pcm |
Sales History
The last sale was on 29th September 2025 for £600,000 and since then the market in the area has decreased by 1.1%. The postcode has had a total of 17 sales since 1995.
NW2 4LY has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Sep 2025£600,000 | 3 Bed FlatFlat A, 121, Melrose Avenue, London, NW2 4LYFlat A, 121, Melrose Avenue, London, NW2 4LY
- Sold Sep 2024£1,410,000 | 5 Bed House129, Melrose Avenue, London, NW2 4LY129, Melrose Avenue, London, NW2 4LY
- Sold Jun 2022£471,000 | 2 Bed Flat133B , Melrose Avenue, London, NW2 4LY133B , Melrose Avenue, London, NW2 4LY
- Sold Sep 2016£1,380,000 | 5 Bed House127, Melrose Avenue, London, NW2 4LY127, Melrose Avenue, London, NW2 4LY
- Sold Apr 2013£432,500 | 3 Bed FlatFlat A, 121, Melrose Avenue, London, NW2 4LYFlat A, 121, Melrose Avenue, London, NW2 4LY
Nearby Postcodes
NW2 4LY is the 803rd largest and the 483rd most expensive postcode out of the 1,217 postcodes in the NW2 area.
- NW2 4JX, Melrose Avenue, London, NW2NW2 4JX62 Addresses|42 m away
- NW2 4PN, Kenneth Crescent, London, NW2NW2 4PN24 Addresses|73 m away
- NW2 4AQ, Chanin Mews, London, NW2NW2 4AQ8 Addresses|76 m away
- NW2 4LX, Melrose Avenue, London, NW2NW2 4LX20 Addresses|101 m away
- NW2 4AR, Henson Avenue, London, NW2NW2 4AR11 Addresses|105 m away
Property Types
- 5 period houses built between 1800 and 1911
- 24 other addresses of unknown type
- period house (5)
- Unknown (24)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 15 properties.
- The most common rating is D.
- A (0)
- E (5)
- B (0)
- F (0)
- C (1)
- G (0)
- D (9)
- No EPC (14)
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
- Gladstone Park Primary School300 m away
- Anson Primary School500 m away
- Convent of Jesus and Mary RC Infant School600 m away
- Hampstead School1.4 km away
- Menorah High School for Girls1.4 km away
- Queens Park Community School1.5 km away
More reading links
Public Transport Nearby
The closest station to NW2 4LY is Willesden Green station, which is 600 metres away.
- Willesden Green|600 m away
- Dollis Hill|900 m away
- Cricklewood|1.2 km away
- Neasden|1.6 km away
