Geography – What areas does Soho cover?
Soho is based right in the centre of London, within Zone 1, and so offers great transport links to practically anywhere in the city.1 It is on the north side of the River Thames.
The average cost of a property in Soho (as of March 2017) is approximately £2,277,850.3
This represents a massive 67.45 percent increase on housing prices over the last 12 months.4
However, this does change depending on how big the property is. A one-bedroom apartment is worth, on average, £1,250,000.3
A three-bedroom property, on the other hand, is worth an average of £3,800,000.3
People looking to purchase a property in Soho can expect to pay anything between £999,950 and £3,800,000.3
Please note these figures are taken from Foxtons, which is regularly updated to reflect the current average pricing. As such, the above figures may be a little inaccurate. Click the link in our Sources section for the most up to date information or contact us directly to discuss the latest property investment opportunities in Soho.
As this is central London, these prices are much higher than the national average.
In England and Wales as a whole, property prices look like this:
|Type of House||Average Cost – England & Wales |
The above statistics were found using the Land Registry app. To use, simply click ‘search the UK house price index’, then click ‘customise your search’ and then select ‘England and Wales’. Then select ‘Change property types and report options’ to filter between flat and housing prices.
*This figure was determined by averaging the average cost of detached, semi-detached and terraced houses.
Council tax rates for Soho are determined by the City of Westminster Council, and are as follows:5
Rates shown are for 2016/17
The West End, which includes the area of Soho, is an incredibly diverse place – with relatively large communities of people from places like the US, India and Australia. The largest age group here is 20-29 year-olds (as mentioned earlier, it is a popular area for young professionals who can afford to rent a place in Soho).7