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Cheap

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About

Cheap is a central ward within the City of London's historic square mile, primarily defined by its financial and commercial functions. The area is dominated by modern office buildings housing major banks and corporate headquarters, with a consistent weekday population of professionals. Its main thoroughfares include Cheapside and Poultry, which form key east-west routes through the City's business district.

The ward contains the church of St. Mary-le-Bow, whose bells historically defined a true Cockney birth within earshot. A notable open space is the small, sunken churchyard of St. Pancras, Soper Lane, providing a quiet contrast. The area's history as a medieval marketplace is referenced in street names like Milk Street and Bread Street, though little visible architecture from that period remains.

Area overview

On average Cheap has moderate deprivation and very high crime levels. Approximately 1.1% of homes in this area are social housing provided by a local council or housing association. The average income per household in Cheap is £91,506 per year. On average most houses in area has excellent public transport connectivity.

Crime rate
10/10
Crimes per 1k residents
N/A
Deprivation level
3/10
Income level
9/10
Social housing
1.1%
Connectivity
10/10

Property prices in Cheap

No price data available for Cheap.

Price distribution per property type (last year)

No property type breakdown available.

Median sale price and percentiles per property type (last year)

No property type breakdown available.

10 years median price trend in Cheap

Ten year median sale price trend for each property type in Cheap.

Data Sources

All data is sourced from official UK government agencies and public datasets. Last updated: 16/01/2026.