Knightsbridge

London’s most posh and over the top neighbourhood

Area Guide For Knightsbridge

With Chelsea and Belgravia nearby, Knightsbridge is one of London’s most expensive neighbourhoods. The name is from the River Westbourne, which was known as Knightsbridge till the 12th century. The neighbourhood is tailor made for the affluent, with designer shops, luxury hotels and expensive shopping.

 
 

Tags

Expensive – Posh – Shopping – Transport - Parks

Overview

  • The Neighbors

    Mainly flat conversions, purpose-built blocks and old estates.

  • Ideal for

    The wealthy.

  • Deal Sealer

    Shopping.

  • Not for

    People looking for a bargain.

  • You will Like

    Hyde Park and transport links.

Knightsbridge Map

Estimated Price: £3,497,740
Average Asking Price: £5,290,921
Price change in last one year: £411,629
Average Price Paid: £2,865,565
Average Rent Rates: £13,646

 
 

Property Prices Breakdown in Knightsbridge

Average Price for property in Knightsbridge is around £3,497,740 which varies based on type of property you are interested in and ranges from £6,620,083 for detached house to around £6,112,312 for semi-detached. Similarly terraced house is around £4,984,906 and a flat is worth £2,989,060. Values have been changing and have risen £18,062 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £35,876 in last 6 months, £411,629 in last 1 year, £680,054 in last 2 years, £941,694 in last 3 years, £1,060,861 in last 4 years and £1,059,013 in last 5 years.

Currently average asking price of a property in Knightsbridge is around £5,290,921 based on approximately 167 properties for sale. Same is the case with rental options based on 965 properties up for rent, average asking rent is around £13,646 per month.

Estimated property value in Knightsbridge is £3,497,740. Average asking price is £5,290,921 while average price paid is £3,809,380 which is up by £411,629 and Avg. asking rent £13,646.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 Knightsbridge area. In last 1 year alone average price buyer paid is around £3,809,380 based on approximately 167 sales in Knightsbridge area alone. If you compare it to last 3 years sales of 499 properties where buyers paid around £3,519,583. 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 £2,865,565 for 798 and average amount paid for purchase of approx. 1,089 properties sold in last 7 years comes to about £2,564,256 per sale.

 
 

Properties For Sale in Knightsbridge

 
 

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 £1,750,000, £2,554,000 for a 2 bedroom house, £4,905,000 for a 3 bedroom house, £8,022,619 for a 4 bedroom house and £10,827,143 for a 5 bedroom house. For a flat similarly the prices varies from £2,130,714 for a single bedroom to £3,003,807 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £6,284,300, £8,905,000 for a 4 bedroom flat and £22,759,990 for a 5 bedroom flat. To sum up the asking prices for properties in Knightsbridge it comes to around average £2,117,586 for 1 bedroom property, £2,984,078 for 2 bedroom, £6,008,440 for 3 bedroom, £8,307,258 for 4 bedroom and £17,846,465 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 £4,785 for 1 bedroom to £7,965 for 2 bedrooms, £13,607 for 3 bedrooms, £14,591 for 4 bedrooms and £20,168 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £4,735. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £7,128, £12,383 for 3 bedroom, £18,180 for 4 bedroom and around £39,774 for 5 bedroom flat. You should be generally be expecting around average £4,740 rent per month for single bedroom property, £7,238 for 2 bedroom, £12,641 for 3 bedroom, £16,736 for 4 bedroom and approximately £27,391 for a 5 bedroom property in Knightsbridge area.

Popular Houses in Knightsbridge

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 Knightsbridge

Sum it all up

 The Good

-Harrods and Harvey Nichols
-Hyde Park
-Good transport links
-Lots of shopping options
-Top cafes, restaurants and hotels

 Best For

-Wealthy families

 The Bad

-One of the priciest neighbourhoods

Transportation in Knightsbridge

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