Mayfair Remains the Most Expensive
What would the Monopoly board look like with today’s property values? New research reveals how the classic board game’s properties stack up with modern 2024 house prices. While some locations have seen dramatic shifts, Mayfair retains its position as the priciest spot, staying true to its original status.
Significant Changes in Property Rankings
According to the latest analysis, Mayfair remains the top location with an impressive average property value of £6,928,740. Trafalgar Square has climbed seven places to secure the second spot, now valued at £3,855,331. Leicester Square follows closely, moving up five places to third with an average value of £2,511,980. These shifts underscore the rising value of these central London locales.
Conversely, Park Lane, once the second most expensive area, has dropped six places. It now holds a value of £1,924,142. Old Kent Road remains the most affordable property, with an average value of £342,080. Euston Road and Whitechapel Road also feature among the least expensive locations, valued at £430,602 and £441,651, respectively.
Insights
The study, conducted by property experts, analyzed current data to re-evaluate each Monopoly location’s value. Emre Aksu from the research team commented, “It’s fascinating to observe how some iconic Monopoly streets have retained their rankings over time. Conversely, the rise of other areas demonstrates significant changes in property values, reflecting shifts in urban development and market trends.”
The Monopoly board with modern 2024 house values – and the board colours
| Monopoly Location | Average home value (2024) | Original value | Original price (rent per turn) | Original order |
| Mayfair | £6,928,740 | £400 | £200 | Mayfair |
| Trafalgar Square | £3,855,331 | £240 | £120 | Park Lane |
| Leicester Square | £2,511,980 | £180 | £90 | Bond Street |
| Bond Street | £2,320,084 | £320 | £160 | Oxford Street |
| Regent Street | £2,320,084 | £300 | £150 | Regent Street |
| Oxford Street | £2,301,420 | £300 | £150 | Piccadilly |
| Marlborough Street | £2,091,575 | £260 | £130 | Coventry Street |
| Park Lane | £1,924,142 | £350 | £175 | Leicester Square |
| Whitehall | £1,917,866 | £140 | £70 | Trafalgar Square |
| Piccadilly | £1,602,778 | £280 | £140 | Fleet Street |
| Vine Street | £1,577,725 | £200 | £100 | The Strand |
| Strand | £1,358,104 | £220 | £110 | Vine Street |
| Pall Mall | £1,112,683 | £140 | £70 | Marlborough Street |
| Bow Street | £1,060,941 | £180 | £90 | Bow Street |
| Northumberland Avenue | £832,500 | £160 | £80 | Northumberland Avenue |
| Fleet Street | £797,357 | £220 | £110 | Whitehall |
| Coventry Street | £793,863 | £260 | £130 | Pall Mall |
| The Angel Islington | £533,719 | £100 | £50 | Pentonville Road |
| Pentonville Road | £474,694 | £120 | £60 | Euston Road |
| Whitechapel Road | £441,651 | £60 | £30 | The Angel Islington |
| Euston Road | £430,602 | £100 | £50 | Whitechapel Road |
| Old Kent Road | £342,080 | £60 | £30 | Old Kent Road |
Impact of Urban Development
The updated rankings highlight how property values have evolved due to urban development and market dynamics. For example, the significant rise in values for Trafalgar Square and Leicester Square reflects their growing appeal and desirability in today’s real estate market. These changes reveal both the consistency of high-value locations and the evolving nature of others.
Future Outlook
As the housing market continues to fluctuate, it will be interesting to see how these property values shift. The updated Monopoly board offers a contemporary perspective on real estate trends and shows how property values have transformed from the original game to the present day. It provides a snapshot of today’s real estate landscape and the ongoing evolution of property markets.
Continued Evolution
Looking forward, the evolving property values will likely continue to impact the Monopoly board. The classic game serves as a historical and modern reflection of real estate dynamics, highlighting both the enduring popularity of locations like Mayfair and the changing values of other properties. As trends evolve, the Monopoly board will remain a relevant and insightful indicator of the real estate market.