The median home in Tower Hamlets sells for £500,000
That is the middle of 7,728 standard sales recorded by HM Land Registry from September 2023 to August 2026, against £277,000 in the typical UK town. The typical home sells for 6.9 times as much as in 1995. Below: what each type of home sells for, the spread of prices, every year since 1995, new builds, the busiest streets and the neighbours. Rents and council tax are on Cost of living.
92% of Tower Hamlets’s sales are flats and maisonettes
7,728 homes sold in three years: 8 detached houses, 32 semi-detached houses, 612 terraced houses and 7,076 flats and maisonettes.
median sale · 32 sold in 3 years
- Middle half
- £715K–£960K
- Last 12 months
- £760K9 sold
median sale · 612 sold in 3 years
- Middle half
- £675K–£1.1M
- Last 12 months
- £832K176 sold
- New build
- £1.1M
median sale · 7,076 sold in 3 years
- Middle half
- £385K–£637K
- Last 12 months
- £445K1,643 sold
- New build
- £712K
Detached houses: 8 sold, median £1.1M
Too few sales for a card of their own.
A flat market: 92% of homes sold are flats
Standard sales, Sep 2023 to Aug 2026. A median needs 5 sales of a type; “middle half” is the 25th to 75th percentile of 10 or more.
Half of Tower Hamlets’s homes sold for between £391K and £683K
One sale in ten was under £315K and one in ten over £950K. 4% sold for under £250K.
The median, £500,000, sits in the £500–750K band
7,728 standard sales. Each bar is the number sold in that price band; the darker bar holds the median.
The typical home costs 6.9 times as much as in 1995, a faster rise than England’s
Land Registry has recorded every sale since 1995. The median went from £67,505 in 1995 to £465,000 in the last 12 months (£500,000 in 2019).
Fewer homes sell than in most years
1,831 sales in the last 12 months, against 5,603 in 2004, the busiest year, and 2,566 in 2008. Sales fell by 45% from 2007 to 2009 in the financial crisis, though the median held. 2021, the stamp duty holiday, saw 43% more sales than 2020.
Tower Hamlets costs more than England as a whole
Median sale price each calendar year: Tower Hamlets, every standard sale in England, and the typical UK town (the middle of the town medians, towns of 2,500 or more).
Terraced houses rose the most since 1995
| 1995 | 2000 | 2005 | 2010 | 2015 | 2020 | Last 12 months | |
|---|---|---|---|---|---|---|---|
| Semi-detached houses | £80K | £179K | £300K | £386K | £730K | — | £760K |
| Terraced houses | £81K | £189K | £298K | £440K | £700K | £780K | £832K |
| Flats and maisonettes | £64K | £160K | £230K | £297K | £415K | £522K | £445K |
Calendar years; a year’s median needs 5 sales of the type, so gaps are years with fewer.
Prices are as paid, not adjusted for inflation. Standard (category A) sales only; Land Registry adds a sale when it is registered, so the newest months fill in later.
4% of homes sold in the last 12 months were new builds
40,550 new homes have been sold in Tower Hamlets since 1995; the share peaked at 55% in 2020.
Calendar years with 10 or more sales, then the last 12 months.
A new home sold for a median £712,520
against £468,000 for a home sold on, 52% more, over three years. New homes are often a different mix from the homes sold on, so part of the gap is size and type.
92% of sales were leasehold
Nearly every flat in England and Wales is leasehold; among houses, 7.4% sold leasehold in Tower Hamlets. A leasehold buyer owns the home for a fixed term and may pay ground rent and service charges; check the lease before you buy.
Marsh Wall (E14) is Tower Hamlets’s busiest street, with 435 sales in three years
390 streets had five or more sales from Sep 2023 to Aug 2026, 180 of them ten or more. A busy street is often a new estate selling its first homes, or a long road of terraces and flats.
| # | Street | Postcode area | Sales | Median | Homes |
|---|---|---|---|---|---|
| 1 | Marsh Wall (E14) | E14 | 435 | £762,500 | Mostly flats · new builds |
| 2 | Marsh Wall (E22) | E22 | 245 | £729,600 | Mostly flats · new builds |
| 3 | Merino Gardens | E1W | 157 | £1,050,000 | Mostly flats · new builds |
| 4 | Hemlock Street | E14 | 146 | £528,853 | Mostly flats · new builds |
| 5 | Fairfield Road | E3 | 123 | £380,000 | Mostly flats |
| 6 | Park Drive | E14 | 102 | £1,032,500 | Mostly flats · new builds |
| 7 | Cendal Crescent | E1 | 88 | £627,225 | Mostly flats · new builds |
| 8 | Hawser Lane | E14 | 80 | £469,970 | Mostly flats · new builds |
| 9 | Boxwood Gardens | E1W | 76 | £1,193,500 | Mostly flats · new builds |
| 10 | Narrow Street | E14 | 72 | £545,000 | Mostly flats |
| 11 | Wards Place | E14 | 68 | £900,000 | Mostly flats |
| 12 | Fairmont Avenue | E14 | 63 | £380,000 | Mostly flats |
| 13 | Rookwood Way | E3 | 61 | £482,000 | Mostly flats |
| 14 | Pan Peninsula Square | E14 | 59 | £430,000 | Mostly flats |
| 15 | Westferry Road | E14 | 55 | £504,000 | Mostly flats |
Princelet Street: £1,400,000
Burcham Street: £126,500
Among streets with five or more sales; the dearest street’s median is 11.1 times the cheapest’s. Street medians mix types: a street of detached houses beats one of flats.
Standard sales with a street name, grouped by street and postcode district (Sep 2023 to Aug 2026); a name used in two districts shows the district. Medians only: we don’t list individual sales.
Tower Hamlets is the 23rd most expensive of 33 towns in London
Tower Hamlets is in the middle of London’s towns to buy in; the typical UK town’s median is £277,000.
Towns of 2,500 or more in London with 10+ standard sales; each links to its own Housing page.
Tower Hamlets’s neighbours
Cheaper nearby: Newham.
| Town | Miles | Median | Sold, 12 mo | Since 2016 |
|---|---|---|---|---|
| Tower Hamlets | — | £500K | 1,831 | +6% |
| City of London | 2.3 | £795K | 92 | −6% |
| Hackney | 2.8 | £595K | 1,519 | +11% |
| Southwark | 3 | £545K | 2,119 | +6% |
| Newham | 3.2 | £448K | 1,323 | +26% |
| Islington | 3.8 | £662K | 1,421 | +7% |
| Lewisham | 4.5 | £465K | 2,258 | +20% |
| Greenwich | 5 | £460K | 1,957 | +16% |
Median: standard sales over three years (10+ needed). Since 2016: the median over three years against 2016’s. Miles: centre to centre.
Questions about property prices in Tower Hamlets
What is the average house price in Tower Hamlets?
The median home in Tower Hamlets sold for £500,000 from September 2023 to August 2026, across 7,728 standard sales (£465,000 in the last 12 months). By type: detached houses £1,127,500, semi-detached houses £797,500, terraced houses £840,000 and flats and maisonettes £480,000.
Are house prices going up in Tower Hamlets?
The median was £500,000 in 2025, down 4% on 2024 (£519,360), and £465,000 in the last 12 months. A town’s median moves with the mix of homes sold each year as well as with prices.
How many homes sell in Tower Hamlets each year?
1,831 standard sales were recorded in the last 12 months, against an average of 3,538 a year since 2015. Repossessions, company purchases and other non-standard sales aren’t counted.
What are the most expensive streets in Tower Hamlets?
Among streets with five or more sales in three years: Princelet Street (E1, £1,400,000), Barnet Grove (E2, £1,266,500) and Star Place (E1W, £1,235,000).
How much does a new build cost in Tower Hamlets?
New homes sold for a median £712,520 over three years, against £468,000 for homes sold on. New builds were 17% of sales.
Is Tower Hamlets expensive for London?
Tower Hamlets is the 21st most expensive of 33 towns of 2,500 or more in London by median sale price.
Sources: HM Land Registry Price Paid, every standard sale since January 1995 (yearly files of 28 September 2026), inside the ONS 2022 built-up-area boundary by postcode (ONS Postcode Directory) · TownRatings grades: our own summary of the data, ranked against UK towns only. All under the Open Government Licence v3.0.
Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0. Postcodes placed with the ONS Postcode Directory (contains OS data © Crown copyright and database right 2026; contains Royal Mail data © Royal Mail copyright and database right 2026).
Contains public sector information licensed under the Open Government Licence v3.0. Contains HM Land Registry data © Crown copyright and database right 2026. Contains OS data © Crown copyright and database right 2026 (ONS boundaries). Northern Ireland: Source: NISRA; contains Land & Property Services data and Ordnance Survey of Northern Ireland information, © Crown copyright, licensed under the Open Government Licence v3.0. Scotland: contains National Records of Scotland data, Registers of Scotland data and SEPA data, © Crown copyright / © SEPA 2025, licensed under the Open Government Licence v3.0.