30th March 2021
The Monopoly board with real house prices 2021
Of course, it’s not exactly breaking news that house prices in London are expensive when compared to the rest of the UK. Iconic postcodes in particular can attract a premium, and there are few areas in London more iconic than those that can be found on the traditional Monopoly board.
Here at SDL Property Auctions, as well as being property auctioneers, we’re also property enthusiasts interested in all things related to the UK property market. That’s why we’ve spent some time researching just how much a property would set you back in 2021 when buying in each of the iconic areas of London, as featured on the classic Monopoly board, first released in the mid 1930’s.
Whitechapel Road
Board Price → £60
2021 Average → £445,695
Old Kent Road
Board Price → £60
2021 Average → £399,092
Old Kent Road and Whitechapel Road are the cheapest of the spaces on the Monopoly board, both in terms of price to acquire, to buy a house, hotel and the rent you can charge a rival player should they land on your property.
With an average sale price of £399,092 in 2021, Old Kent Road is the cheapest of our Monopoly areas to purchase a property in real life too. The lower asking price is largely down to the type of property available on the street, which is mostly made up of small retailers with flats above. These properties are often up for rent more than they are found up for sale.
The Angel Islington
Board Price → £100
2021 Average → £784,836
Euston Road
Board Price → £100
2021 Average → £963,788
Pentonville Road
Board Price → £120
2021 Average → £706,799
The Monopoly row of sky blue properties is where we see sale prices stay consistently above half a million pounds and even almost reach one million in the case of properties sold on Euston Road.
It’s possible that Euston Road is the most commuter-friendly road in London, which is why there’s probably more hotel rooms than flats available on this road. It’s a stone’s throw from Euston, St Pancras and King’s Cross train stations, as well as a handful of Underground stations.
Pall Mall
Board Price → £140
2021 Average → £1,390,637
Whitehall
Board Price → £140
2021 Average → £982,401
Northumberland Avenue
Board Price → £160
2021 Average → £1,215,590
It’s no surprise that Pall Mall boasts the most expensive price tag of the ‘fuschia pink’ section of the board. Neighbours close by include the Queen (Buckingham Palace), The London Library, St James’s Palace, Chatham House and Her Majesty’s Theatre.
Bow Street
Board Price → £180
2021 Average → £1,034,949
Marlborough Street
Board Price → £180
2021 Average → £2,395,601
Vine Street
Board Price → £200
2021 Average → £669,013
When carrying out our research, we noticed a huge discrepancy in average sold prices on Vine Street when compared with Bow Street and Marlborough Street. This is mostly down to Vine Street actually being an extremely small street, mostly used today as commercial access for nearby hotels and retailers.
Strand
Board Price → £220
2021 Average → £1,870,935
Fleet Street
Board Price → £220
2021 Average → £1,056,604
Trafalgar Square
Board Price → £240
2021 Average → £1,215,590
Located just off Waterloo Bridge, Strand is one of our priciest Monopoly locations by today’s prices. It’s no surprise that it’s the most expensive spot of the red trio, with neighbours including Somerset House, the iconic Savoy hotel and several top London theatres.
Leicester Square
Board Price → £260
2021 Average → £429,871
Coventry Street
Board Price → £260
2021 Average → £1,856,358
Piccadilly
Board Price → £280
2021 Average → £2,508,750
Rather than being a specific street, Piccadilly is more of an ‘area’ of West London and so we had to take the average sold prices in the W1J postcode to give us an accurate figure. According to RightMove, 24 properties have been sold in the Piccadilly area in the last 2 years, for prices ranging from £840,000 for a one-bedroom flat, to over £18,700,000 for an apartment on Ashburton Place.
Regent Street
Board Price → £300
2021 Average → £1,856,358
Oxford Street
Board Price → £300
2021 Average → £1,451,245
Bond Street
Board Price → £320
2021 Average → £3,695,366
The second most expensive space on our real-life version of the Monopoly board, Bond Street is truly a premium London location. In real life, there is no single ‘Bond Street’. Instead, there is ‘New Bond Street’ and ‘Old Bond Street’. For the purposes of our research, the sold prices for both streets have been averaged to give us a value for the Monopoly version of ‘Bond Street’.
Park Lane
Board Price → £350
2021 Average → £2,733,844
Mayfair
Board Price → £400
2021 Average → £4,532,352
Holding the number one spot in real life as well as on the Monopoly board, Mayfair is the most expensive area in which to buy a property in London, with an average property price of over £4 and a half million in the area.
As well as calculating the average property prices in each area, we have also included the average London salary to collect when ‘passing go’ each year in London. This is currently £38,272 in London (£30,420 in the UK). Of course, there is tax to pay on those annual earnings, which we have also included in our board. On a salary of £38,272, you can expect to pay £5,152 in income tax each year, and £3,452 in National Insurance contributions.
What do you think of the average house prices in London? Tweet us @SDLAuctions or join the conversation by following us on LinkedIn.
To browse the properties we have coming up in our auctions, visit our Property Auctions page.