Cheap, City of London: Property

Flats in Cheap average £955,957 — well above Aldersgate's flat prices and far higher than the UK average of £291,605. This makes it one of the pricier neighbourhoods in the City. Cheap has limited sales data, but the picture's clear when you compare it to nearby areas. Farringdon Within's flats average £678,983, and Bassishaw's come in at £646,666 — both cheaper than Cheap. Cordwainer has just one flat sale recorded at £475,000, again well under Cheap's figure. Terraced houses are rare here. The few sales nearby tell you what to expect: Aldersgate recorded a single terraced sale at £2,128,500, and Farringdon Within's two terraced sales averaged £1,585,000. With so few transactions each year, prices shift significantly from one sale to the next. Any single figure is a snapshot, not a reliable trend. If you're looking to buy here, you'll mostly find flats, and you should expect to pay a substantial premium over most of London.