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Cheap

Interactive map displaying Cheap

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 low 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 the area have 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

Council Tax Bands

Annual council tax rates for City of London district.

Band A£886
Band B£1,034
Band C£1,182
Band D£1,330
Band E£1,625
Band F£1,920
Band G£2,216
Band H£2,659

Council tax bands are based on the value of your property. Most homes fall into bands A to D.

Local government

Elected councillors for Cheap ward.

Local councillors

Alastair Moss

Cheap - Elected 20 Mar 2025

Independent

Nicholas Michael Bensted-Smith

Cheap - Elected 20 Mar 2025

Independent

Tijs Broeke

Cheap - Elected 20 Mar 2025

Independent

Frequently asked questions about Cheap

How deprived is Cheap?

Cheap scores 3 out of 10 on the deprivation scale, where 10 is the most deprived. The typical neighbourhood in Cheap sits around rank 26,805 of 32,844 in England on the official Index of Multiple Deprivation (rank 1 is the most deprived).

What is the average household income in Cheap?

The average household income in Cheap is around £91,506 per year, and 1% of homes are social housing (ONS data).

Who are the local councillors for Cheap?

Cheap is represented by 3 elected councillors: Alastair Moss (Independent), Nicholas Michael Bensted-Smith (Independent) and Tijs Broeke (Independent).

All postcodesin Cheap

EC2V7PG

Gresham Street

EC2V6HR

Foster Lane

EC2V8AF

Trump Street

EC2V5AE

Cheap

EC2V6BT

Cheapside

EC2V6DN

Cheapside

EC2V8AG

King Street

EC2V7AW

Goldsmith Street

EC1A7BU

Newgate Street

EC2V7WS

Wood Street

EC2V6EB

Cheapside

EC2V7WT

Cheap

EC2V6HH

Foster Lane

EC2V7AY

Gresham Street

EC2V8AE

Carey Lane

EC2V5AY

Basinghall Street

EC1A4EN

St Martin's Le Grand

EC2V7JB

Cheapside

EC2V7QN

Gresham Street

EC2V7AD

Gresham Street

EC2V8EP

Ironmonger Lane

EC2V6BN

Foster Lane

EC2V7NQ

Gresham Street

EC2V8BB

King Street

EC2V8EA

King Street

EC2V7QP

Gresham Street

EC2V8AQ

Gutter Lane

EC2V6ET

Cheapside

EC2V6BJ

Cheapside

EC2V8BL

Milk Street

EC1A7BW

Cheap

EC2R8AB

Cheapside

EC1A4AS

Angel Street

EC2V7JE

Gresham Street

EC2V8AS

Gutter Lane

EC2V6HD

Foster Lane

EC2V5AR

Basinghall Street

EC2V6BR

Gutter Lane

EC2R8DD

Cheapside

EC2V8HE

Cheapside

EC2V8EH

King Street

EC2V7AE

Gresham Street

EC2R8AE

Frederick's Place

EC2V6DB

Cheapside

EC2V5AA

Gresham Street

EC2V6DL

Wood Street

EC2V7JD

Gresham Street

EC2V8EG

King Street

EC2V8AU

King Street

EC2V8EE

King Street

EC2V6DT

Cheapside