Average Price for property in Kensington and Chelsea (Royal Borough) is around £1,961,176 which varies based on type of property you are interested in and ranges from £7,785,994 for detached house to around £5,737,882 for semi-detached. Similarly terraced house is around £3,613,283 and a flat is worth £1,359,571. Values have been changing and have risen £13,023 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,800 in last 6 months, £69,082 in last 1 year, £328,560 in last 2 years, £480,956 in last 3 years, £494,164 in last 4 years and £564,699 in last 5 years.
Currently average asking price of a property in Kensington and Chelsea (Royal Borough) is around £2,184,238 based on approximately 2,138 properties for sale. Same is the case with rental options based on 7,310 properties up for rent, average asking rent is around £5,015 per month.
Estimated property value in Kensington and Chelsea (Royal Borough) is £1,961,176. Average asking price is £2,184,238 while average price paid is £1,952,930 which is up by £69,082 and Avg. asking rent £5,015.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 Kensington and Chelsea (Royal Borough) area. In last 1 year alone average price buyer paid is around £1,952,930 based on approximately 2,138 sales in Kensington and Chelsea (Royal Borough) area alone. If you compare it to last 3 years sales of 7,739 properties where buyers paid around £1,687,806. 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 £1,484,751 for 13,115 and average amount paid for purchase of approx. 2,138 properties sold in last 7 years comes to about £1,952,930 per sale.