Chelsea

One of the most expensive and fashionable neighbourhoods of London

Area Guide For Chelsea

Chelsea has traditionally attracted nobility and is today one of the most expensive neighbourhoods in London. Located in the Borough of Kensington and Chelsea, the average property in the neighbourhood is over four times the London average, which means only businessmen and footballers can afford it.

 
 

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Posh –Expensive – Family Friendly – Safe – Entertainment - Shopping

Overview

  • The Neighbors

    Various options, from semi-detached houses and cottages to terraces and mansion blocks.

  • Ideal for

    Wealthy families, celebrities and professionals.

  • Deal Sealer

    Good shopping options nearby.

  • Not for

    People wanting an affordable neighbourhood.

  • You will Like

    Things to do.

Chelsea Map

Estimated Price: £2,239,047
Average Asking Price: £2,567,380
Price change in last one year: £248,381
Average Price Paid: £1,599,865
Average Rent Rates: £4,723

 
 

Property Prices Breakdown in Chelsea

Average Price for property in Chelsea is around £2,239,047 which varies based on type of property you are interested in and ranges from £6,040,657 for detached house to around £7,683,180 for semi-detached. Similarly terraced house is around £4,516,794 and a flat is worth £1,389,353. Values have been changing and have risen £10,304 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £19,298 in last 6 months, £248,381 in last 1 year, £450,817 in last 2 years, £608,797 in last 3 years, £680,361 in last 4 years and £692,538 in last 5 years.

Currently average asking price of a property in Chelsea is around £2,567,380 based on approximately 630 properties for sale. Same is the case with rental options based on 2,268 properties up for rent, average asking rent is around £4,723 per month.

Estimated property value in Chelsea is £2,239,047. Average asking price is £2,567,380 while average price paid is £2,007,119 which is up by £248,381 and Avg. asking rent £4,723.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chelsea area. In last 1 year alone average price buyer paid is around £2,007,119 based on approximately 630 sales in Chelsea area alone. If you compare it to last 3 years sales of 2,048 properties where buyers paid around £1,774,704. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £1,599,865 for 3,476 and average amount paid for purchase of approx. 4,552 properties sold in last 7 years comes to about £1,501,521 per sale.

 
 

Properties For Sale in Chelsea

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £545,714, £2,048,930 for a 2 bedroom house, £3,251,044 for a 3 bedroom house, £4,221,216 for a 4 bedroom house and £7,189,000 for a 5 bedroom house. For a flat similarly the prices varies from £894,614 for a single bedroom to £1,675,162 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,124,309, £8,689,062 for a 4 bedroom flat and £8,825,000 for a 5 bedroom flat. To sum up the asking prices for properties in Chelsea it comes to around average £879,156 for 1 bedroom property, £1,695,044 for 2 bedroom, £3,158,584 for 3 bedroom, £5,570,000 for 4 bedroom and £7,505,645 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £4,264 for 1 bedroom to £5,115 for 2 bedrooms, £8,006 for 3 bedrooms, £13,500 for 4 bedrooms and £15,754 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,638. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,883, £8,459 for 3 bedroom, £14,704 for 4 bedroom and around £33,313 for 5 bedroom flat. You should be generally be expecting around average £2,743 rent per month for single bedroom property, £3,984 for 2 bedroom, £8,326 for 3 bedroom, £13,985 for 4 bedroom and approximately £18,563 for a 5 bedroom property in Chelsea area.

Popular Houses in Chelsea

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Chelsea

Sum it all up

 The Good

-Good shopping options
 -Riverside setting
-Good Schools
-Good transport
-Football fans

 Best For

-Wealthy Families
- Football players and fans
-Successful professionals

 The Bad

-One of the most expensive neighbourhoods
-Less space for more money 

Transportation in Chelsea

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