North Kensington

Area Guide For North Kensington

North Kensington is one of the most cosmopolitan areas of London. It boasts the largest Moroccan population in England and is a key neighbourhood of Notting Hill, famed for its annual street carnival and the Hugh Grant rom-com Notting Hill. It's a polarised area: on the one hand you have the stuccoed Victorian and fine Georgian buildings such as the house owned by Prime Minister David Cameron; but on the other hand you have the gritty post World War II social housing estates documented in the photographs of Roger Mayne.

 
 

North Kensington Map

Estimated Price: £949,427
Average Asking Price: £1,134,988
Price change in last one year: £91,743
Average Price Paid: £744,588
Average Rent Rates: £2,652

 
 

Property Prices Breakdown in North Kensington

Average Price for property in North Kensington is around £949,427 which varies based on type of property you are interested in and ranges from £5,190,459 for detached house to around £1,754,425 for semi-detached. Similarly terraced house is around £1,635,040 and a flat is worth £673,225. Values have been changing and have risen £7,204 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,812 in last 6 months, £91,743 in last 1 year, £196,091 in last 2 years, £239,662 in last 3 years, £256,333 in last 4 years and £263,179 in last 5 years.

Currently average asking price of a property in North Kensington is around £1,134,988 based on approximately 147 properties for sale. Same is the case with rental options based on 153 properties up for rent, average asking rent is around £2,652 per month.

Estimated property value in North Kensington is £949,427. Average asking price is £1,134,988 while average price paid is £869,036 which is up by £91,743 and Avg. asking rent £2,652.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 North Kensington area. In last 1 year alone average price buyer paid is around £869,036 based on approximately 147 sales in North Kensington area alone. If you compare it to last 3 years sales of 511 properties where buyers paid around £798,190. 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 £744,588 for 853 and average amount paid for purchase of approx. 1,062 properties sold in last 7 years comes to about £698,723 per sale.

 
 

Properties For Sale in North 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 2 bedroom is around £2,300,000, £1,700,000 for a 3 bedroom house and £2,831,250 for a 4 bedroom house. For a flat similarly the prices varies from £562,354 for a single bedroom to £812,760 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,057,207 and £1,469,967 for a 4 bedroom flat. To sum up the asking prices for properties in North Kensington it comes to around average £562,354 for 1 bedroom property, £895,385 for 2 bedroom, £1,144,861 for 3 bedroom and £2,459,991 for 4 bedroom.

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 £2,354 for 1 bedroom to £4,333 for 2 bedroom, £3,514 for 4 bedroom and £16,033 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,773. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,813, £3,538 for 3 bedroom and £2,661 for 4 bedroom. You should be generally be expecting around average £1,856 rent per month for single bedroom property, £2,845 for 2 bedroom, £3,538 for 3 bedroom, £3,016 for 4 bedroom and approximately £16,033 for a 5 bedroom property in North Kensington area.

Popular Houses in North 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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