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Cheap

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About

Cheap Ward is a historic area in the City of London, known for its medieval roots and commercial significance. The name "Cheap" derives from the Old English word "ceap," meaning market, reflecting its past as a bustling trading hub. Today, it is a mix of modern offices, financial institutions, and remnants of its medieval past, such as the Guildhall and St. Mary-le-Bow Church.

The ward is centrally located, with easy access to major transport links like Bank and St. Paul's stations. It retains a blend of old and new architecture, with narrow lanes and contemporary high-rises side by side. Cheapside, its main thoroughfare, is lined with shops and eateries, catering to workers and visitors. The area remains a key part of London's financial district, with a focus on business rather than residential life.

Area overview

On average Cheap has moderate deprivation and very high crime levels, with around 1399 crimes per 1,000 residents per year. Approximately 1.1% of homes in this area are social housing provided by a local council or housing association. The average income of residents in Cheap is £101,800 per year. On average most houses in area has excellent public transport connectivity.

Crime rate
9/10
Crimes per 1k residents
1399
Deprivation level
3/10
Income level
10/10
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: 01/12/2025.