South Kensington

Area Guide For South Kensington

South Kensington is in the Royal Borough of Kensington and Chelsea. The concentration of prestigious and world-class museums in South Kensington is unique to London. t was this investment in the area that set in motion a building spurt with large terraced houses which gives the district its current appearance as a high-class residential area; streets like the Boltons are among west London's smartest addresses. Catering for this type of resident are the designer shops around Brompton Cross.

 
 

South Kensington Map

Estimated Price: £2,607,747
Average Asking Price: £3,410,536
Price change in last one year: £247,327
Average Price Paid: £1,824,321
Average Rent Rates: £5,220

 
 

Property Prices Breakdown in South Kensington

Average Price for property in South Kensington is around £2,607,747 which varies based on type of property you are interested in and ranges from £7,213,644 for detached house to around £4,567,928 for semi-detached. Similarly terraced house is around £4,270,960 and a flat is worth £2,115,609. Values have been changing and have risen £4,166 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,762 in last 6 months, £247,327 in last 1 year, £491,665 in last 2 years, £713,627 in last 3 years, £831,642 in last 4 years and £812,129 in last 5 years.

Currently average asking price of a property in South Kensington is around £3,410,536 based on approximately 195 properties for sale. Same is the case with rental options based on 1,694 properties up for rent, average asking rent is around £5,220 per month.

Estimated property value in South Kensington is £2,607,747. Average asking price is £3,410,536 while average price paid is £2,638,489 which is up by £247,327 and Avg. asking rent £5,220.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 South Kensington area. In last 1 year alone average price buyer paid is around £2,638,489 based on approximately 195 sales in South Kensington area alone. If you compare it to last 3 years sales of 687 properties where buyers paid around £2,219,687. 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 £1,824,321 for 1,252 and average amount paid for purchase of approx. 1,680 properties sold in last 7 years comes to about £1,709,292 per sale.

 
 

Properties For Sale in South Kensington

 
 

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 £2,750,000, £1,491,812 for a 2 bedroom house, £3,665,278 for a 3 bedroom house, £5,675,654 for a 4 bedroom house and £7,346,667 for a 5 bedroom house. For a flat similarly the prices varies from £1,196,744 for a single bedroom to £1,995,810 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,903,748, £4,643,283 for a 4 bedroom flat and £5,849,000 for a 5 bedroom flat. To sum up the asking prices for properties in South Kensington it comes to around average £1,222,632 for 1 bedroom property, £1,946,337 for 2 bedroom, £3,861,665 for 3 bedroom, £5,149,729 for 4 bedroom and £6,972,250 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 £3,448 for 1 bedroom to £6,465 for 2 bedrooms, £10,653 for 3 bedrooms, £11,908 for 4 bedrooms and £19,908 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,973. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £4,439, £9,401 for 3 bedroom, £13,033 for 4 bedroom and around £21,396 for 5 bedroom flat. You should be generally be expecting around average £3,001 rent per month for single bedroom property, £4,605 for 2 bedroom, £9,670 for 3 bedroom, £12,694 for 4 bedroom and approximately £20,384 for a 5 bedroom property in South Kensington area.

Popular Houses in South Kensington

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.

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