While there was a lengthy evolution period for the game we know as Monopoly, including a spell where it was better known as “The Landlord’s Game”, in 1935, Parker Brothers started marketing the game to a mass audience.
The London version we all know well was first produced to market in 1936, which means the game is 85 years old! A lot has changed in this time, and while the street names in the game remain familiar, the sums of money involved with real-life property deals are a world removed from the figures involved in the game.
As a celebration of Monopoly, and as a way of emphasising the costs of buying a home today, and the need to obtain a suitable mortgage, we will look at house prices for Monopoly destinations in 2021.
All September 2021 average prices taken from Rightmove, apart from where stated.
Brown Locations of the Monopoly board
The brown locations on the Monopoly board are the first indicator that while things have changed over the years, there are also many similarities. The most affordable spaces in the game are also the most affordable locations in real-life, albeit there is a significant jump.
Anyone looking to purchase an iconic Monopoly address in real life will find these spaces of interest.
Whitechapel Road
- Monopoly Board Price stands at £60
- September 2021 average stands at £425,000
According to Rightmove, “sold prices in Whitechapel Road over the last year were 6% down on the previous year and 31% down on the 2011 peak of £614,975”.
Old Kent Road
- Monopoly Board Price stands at £60
- September 2021 average stands at £354,000
Rightmove states; “sold prices in Old Kent Road over the last year were similar to the previous year and 23% down on the 2016 peak of £457,542”.
Light Blue Locations of the Monopoly board
It doesn’t take long for some of the average prices to break the one-million-pound mark, doing so in the area that represents the second most affordable section of the board game. This area is hugely convenient for commuters and people who travel a lot, which is a key factor in the spike of prices for Euston Road.
The Angel Islington
- Monopoly Board Price stands at £100
- September 2021 average stands at £937,911
Euston Road
- Monopoly Board Price stands at £100
- According to Rightmove figures, no homes have been sold on Euston Road in the past 12 months, but taking a five-year average sees a figure of £1,150,000
Pentonville Road
- Monopoly Board Price stands at £120
- September 2021 average stands at £575,000
Rightmove says; “Sold prices in Pentonville Road over the last year were 21% down on the previous year and 42% down on the 2018 peak of £1,000,000”.
Pink Locations of the Monopoly board
Pall Mall is much more expensive in real life than the other destinations in this section of the board, and that is no surprise. When you include destinations such as Buckingham Palace, the London Library and St James’ Palace as being just around the corner, it is no shock to see house prices rise.
Pall Mall
- Monopoly Board Price stands at £140
- According to Rightmove figures, no homes have been sold on Pall Mall in the past 12 months, but taking a five-year average from Zoopla sees a figure of £2,829,434
Whitehall
- Monopoly Board Price stands at £140
- According to Rightmove figures, no homes have been sold on Whitehall in the past 12 months, but taking a five-year average from Zoopla sees a figure of £1,060,000
Northumberland Avenue
Monopoly Board Price stands at £160
- According to Rightmove figures, no homes have been sold on Northumberland Avenue in the past 12 months, but Zoopla estimate the current value of property here to be £1,190,137
Orange Locations of the Monopoly board
With commercial and hotel demands taking over many destinations in prime London, there isn’t a lot of useful data when viewing the present-day housing market. However, even with limited sales in recent years, there is no denying buyers are keen to buy property in these areas and are willing to pay a large price to obtain a home here.
Bow Street
- Monopoly Board Price stands at £180
- According to Rightmove figures, no homes have been sold on Bow Street in the past 12 months, but taking a five-year average from Zoopla sees a figure of £1,700,000
Marlborough Street
- Monopoly Board Price stands at £180
- September 2021 average stands at £2,755,000
Rightmove says; “sold prices in Marlborough Street over the last year were 7% down on the 2014 peak of £2,975,000”.
Vine Street
- Monopoly Board Price stands at £200
- According to Rightmove figures, no homes have been sold on Vine Street in the past 12 months, but Zoopla estimate the current value of property here to be £1,696,756
Red Locations of the Monopoly board
The Strand is such an iconic destination, surrounded by immediately recognisable buildings and locations, it is no surprise to see house prices rise here in real-life.
Strand
- Monopoly Board Price stands at £220
- September 2021 average stands at £1,569,500
Fleet Street
- Monopoly Board Price stands at £220
- According to Rightmove figures, no homes have been sold on Fleet Street in the past 12 months, but taking a five-year average sees a figure of £1,060,000
Trafalgar Square
- Monopoly Board Price stands at £240
- According to Rightmove figures, no homes have been sold on Trafalgar Square in the past 12 months, but Zoopla estimate the current value of property here to be £1,190,137
Yellow Locations of the Monopoly board
Staying in this part of London might be extremely convenient for people wanting to maximise their social life, but it is an extremely busy area.
Leicester Square
- Monopoly Board Price stands at £260
- September 2021 average stands at £429,871
Coventry Street
- Monopoly Board Price stands at £260
- According to Rightmove figures, no homes have been sold on Coventry Street in the past 12 months, but Zoopla estimate the current value of property here to be £1,696,756
Piccadilly
- Monopoly Board Price stands at £280
- September 2021 average stands at £1,983,286
Green Locations of the Monopoly board
The green section of the Monopoly board features many famous names, but perhaps more for retail activities as opposed to owning property. This means there is limited data for house sales in this part of the capital, but these areas in real life, as with the game, represent the upper reaches of the capital’s housing market.
Regent Street
- Monopoly Board Price stands at £300
- September 2021 average stands at £1,856,358
Oxford Street
- Monopoly Board Price stands at £300
- September 2021 average stands at £1,451,245
Bond Street
- Monopoly Board Price stands at £320
- According to Rightmove figures, no homes have been sold on New Bond Street in the past 12 months, but Zoopla estimate the current value of property here to be £5,719,549 and for Old Bond Street, the current average value is £1,696,756.
Dark Blue Locations of the Monopoly board
Traditionalists will appreciate the fact that the most expensive location on the Monopoly board remains the most expensive destination in the capital. With an average price, according to Rightmove of more than £6m, and deals regularly taking place for more than £4.5m, this is a destination that most people can only dream of landing in the game!
Park Lane
- Monopoly Board Price stands at £350
- Zoopla lists the current average value of property on Park Lane as £2,757,222
Mayfair
- Monopoly Board Price stands at £400
- September 2021 average stands at £6,112,650
How to explore finding your best entry into the London mortgage market with The Money Hub
No one adviser has a “Monopoly” on advice and guidance in the London mortgage market, but we like to think we can help you make an informed decision.
Call the Money Hub Limited on 0203 725 5830 and speak to one of our highly specialised and dedicated Mortgage Advisors or you can complete an enquiry form which will allow you to schedule a call time.
DISCLAIMER: These articles are for information only and should not be construed as advice. You should always seek advice prior to taking any action.
