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Greater London · Q2 2026

Ealing pipeline tilts to HMO conversions as £520k median holds

Land Registry shows 2,086 sales in the year to March 2026 and the live planning slate is dominated by HMO conversions rather than new-build.

Median sale price
£520,000
0% YoY
Median price trend
£520k
Pending dev applications
9
9 units
Pipeline value (GDV)
£4.1m

Ealing closed the twelve months to March 2026 with a £520,000 median sale price and 2,086 recorded transactions, with prices flat year on year. The live planning slate for the borough is small but pointed: nine pending applications, no fresh approvals in the current window, and a clear tilt towards HMO and small-flat conversions rather than ground-up schemes.

What's driving the Ealing market

Ealing is the western anchor of the Elizabeth line and one of the few outer London boroughs that combines a working high street with genuine commuter pull into Paddington, Bond Street and the City. The 2026 picture is one of stabilisation rather than growth. The £520,000 borough median sits between the inner-west values of Hammersmith and Kensington and the more affordable Hounslow and Hillingdon catchments, and the type-by-type spread is wide. Detached stock clears at a £1,285,000 median, semis at £715,000, terraces at £615,000 and flats at £375,660. New-build runs at a 13.8% discount to existing stock, which is unusual: in most London boroughs new-build prints a premium. We read that as a function of mix rather than weakness, with recent new-build registrations skewed to smaller flats in Southall and Greenford rather than higher-value houses in W5 and W13. Crossrail capacity at Ealing Broadway, West Ealing, Hanwell and Southall continues to underpin tenant demand, particularly for two-bed flats within ten minutes of a station.

Market data at a glance

The Ealing numbers, visualised

Median sale price by property type

2,078 sales clearing across the type-mix

F
£378k
£377,685
T
£618k
£618,000
S
£715k
£715,000
D
£1.3m
£1,275,000

Source: HM Land Registry Price Paid, rolling 12 months.

New build mix

-13.8% premium
57
2,021
New build · 2.7%Existing stock
Planning decisions data

Approval-rate breakdown for Ealing is still indexing. National 12-month average sits at ~83% for major residential schemes.

Ealing quarterly median price & volume
Median sale priceTransactions

Source: HM Land Registry Price Paid Data. Median computed across all registered transactions per period.

How Ealing compares
Market
Median
YoY
12m txns
Ealing
£520,000
0%
2,078
London average
£525,000
+0.8%
UK average
£285,000
+1.4%

Development pipeline

Live planning activity in Ealing

The Idox feed for the London Borough of Ealing returned nine pending applications and zero approvals in the current Q2 window, which is a thin slate by inner-west London standards. The composition matters more than the count. Application 261797FUL at 9 and 9A Ross Close in Northolt proposes the conversion of two single dwellings into a ten-bedroom large HMO with rear and roof extensions, the largest single-site uplift in the current pipeline. 261732FUL at 19 Chaucer Road in Acton seeks consent for three self-contained flats out of one house, with associated extensions and amenity space, and 261720FUL at 26 Oakwood Avenue in Southall converts a single dwelling into two self-contained flats. Around those, applications 261825FUL on Cecil Road, 261821FUL on Noel Road, 261644FUL on Barnham Road and 261664FUL on Tentelow Lane are all C3 to C4 HMO change-of-use cases. Total estimated GDV across the live slate sits at £4.14m on nine units, weighted heavily to existing-fabric conversion rather than new build. For brokers, that mix means most current Ealing funding requests will be permitted-development style refurbishment finance and small conversion bridges rather than full development debt.
Top schemes by GDV in the pipeline

Notable pending applications

Pending261732FUL
3
units

Conversion of a single dwellinghouse into three self-contained residential flats; part single, part two storey rear extension; rear roof extension; alterations to rear elevation involving modifications and insertion of windows and doors;�installation of two front rooflights; provision of associated amenity space, cycle and refuse storage

19 Chaucer Road Acton W3 6DR
£1.2m
Filed Apr 2026
Pending261825FUL
1
unit

Change of Use of a single dwellinghouse (Use Class C3) into a small House in Multiple Occupation (HMO) (Use Class C4), for up to 6 occupants

42 Cecil Road Acton W3 0DB
£520k
Filed May 2026
Pending261821FUL
1
unit

Change of Use of a single dwellinghouse (Use Class C3) into a small House in Multiple Occupation (HMO) (Use Class C4), for up to 5 occupants; installation of a boundary wall to the front; and provision of refuse storage

145 Noel Road Acton W3 0JQ
£520k
Filed May 2026
Pending261797FUL
1
unit

Conversion of two single dwellinghouses (Use Class C3) into one 10 bedroom x 10 person large House in Multiple Occupation (Use Class Sui Generis); part two, part single storey rear extension; rear roof extension; alteration to front fenestration; installation of one front rooflight (three in total)

9 And 9A Ross Close Northolt UB5 4GZ
£520k
Filed Apr 2026
Pending261644FUL
1
unit

Change of use to dwellinghouse to HMO; single storey side extension; single storey rear extension; alteration of roof from hip to gable end; rear roof extension; alterations to side elevation fenestration; soft and hard landscaping (Retrospective Application)

2 Barnham Road Greenford UB6 9LP
£520k
Filed Apr 2026
Pending261664FUL
1
unit

Conversion of dwellinghouse into HMO (C4); part single part two storey rear extension; side dormer roof extensions; alterations to side fenestrations

59 Tentelow Lane Southall UB2 4LL
£520k
Filed Apr 2026

Source: London Borough of Ealing portal. GDV estimates use local sales medians by property type.

Sales activity

Recent Ealing sold prices

The recent transactions list shows what developers and their funders should benchmark against. At the family-house end, 59 York Avenue in Hanwell (W7) sold for £965,000 in March 2026, a freehold semi that anchors the upper end of W7 expectations, and 117 Saxon Drive in Acton (W3) cleared at £730,000 as a freehold detached. 56 Costons Avenue in Greenford (UB6) traded at £715,000 and 504 Whitton Avenue West (UB6) at £545,000, both freehold terraces. Flat exits are clustered between £230,000 and £515,000, with 37A Fordhook Avenue in Ealing (W5) at £900,000 the standout for a larger leasehold unit and 38 Ashwell House on Healum Avenue (UB2) at £230,000 the low marker. A notable commercial print: the Hornlane filling station at 162 to 164 Horn Lane (W3) changed hands for £1,409,994 in March 2026, a freehold land transaction that is worth flagging to any sponsor scoping forecourt-to-residential conversions in Acton.

Latest registered sales

Land Registry · 20 May 2026
DateAddressTypeTenurePrice
30 March 2026
59, YORK AVENUESF£965,000
27 March 2026
12, NORTH PARADETF£490,000
23 March 2026
FLAT 3, 34, DENBIGH ROADFL£440,000
23 March 2026
504, WHITTON AVENUE WESTTF£545,000
23 March 2026
7A, RUISLIP ROADFL£290,000
20 March 2026
15, ALLENBY ROADTF£500,000
20 March 2026
FLAT 3, 11, NEWBURGH ROADFL£345,000
20 March 2026
2, COLLEGE COURTFL£515,000

Ealing's live planning slate runs to nine pending applications and £4.14m of indicative GDV, weighted to HMO conversions rather than new build.

For developers

What this means for Ealing schemes

For schemes in Ealing, we typically arrange senior development debt at 65-70% LTGDV, with day-one land advances at 55-65% LTC depending on planning status and sponsor track record. Pricing on senior debt has settled in a 9-12% all-in range for experienced sponsors on schemes up to roughly £15m GDV, with margins tightening on larger, fully-consented sites in W5 and W13. Bridging for site assembly, permitted-development purchases or pre-planning acquisitions is available from 0.65% per month on cleaner cases. Given the current pipeline mix, the most fundable Ealing requests in 2026 are likely to be HMO conversion bridges of £400k to £1.5m, small flat-conversion development loans of £750k to £3m, and Elizabeth-line-adjacent PRS schemes of 8 to 30 units in W7, W13 and UB1. Exit benchmarks should price two-bed flats at £375k to £450k for most of the borough and £475k to £600k for W5 and the western edge of W13.
Where we fund in Ealing

Outlook

The next 12 months in Ealing

We expect Ealing to remain a stabilisation market through the rest of 2026, with the £520,000 median holding rather than retreating and transaction volume sustained by Elizabeth-line demand. The thin approvals window in the current Idox extract is worth watching: if pending decisions do not move through committee in the next two quarters, scheme starts will lag and 2027 completions will run light. For developers, that is a supply-side opportunity but a planning-risk caution. For brokered finance, we expect terms to stay broadly stable, with the best pricing reserved for sponsors who can evidence prior delivery in W3, W5, W7 and the Southall corridor.

Planning a Ealing scheme?

We arrange senior debt, mezzanine and equity for development schemes from £500k to £50m. No upfront fees, indicative terms in 48 hours.

Sources: HM Land Registry Price Paid Data (sold prices); London Borough of Ealing planning portal (planning applications); ONS House Price Index (regional benchmarks). Report generated 20 May 2026 by Construction Capital's market intelligence team.

Methodology: Pending GDV is estimated by multiplying declared unit counts by local sales medians for the corresponding property type. Approval rate is the share of decided applications (last 12 months) granted permission. Sold-price changes are year-on-year comparisons of the median sale price. Pipeline activity refers to residential development applications only — household extensions, conditions variations, and other non-development applications are excluded. Construction Capital is a trading name of Lenzie Consulting Ltd. (08174104).