Kensington and Chelsea Area Guide

London’s smallest borough outside of The City, it is remarkable how much life and energy Kensington and Chelsea embodies.

London’s smallest borough outside of The City, it is remarkable how much life and energy Kensington and Chelsea embodies. From Chelsea’s breathtakingly beautiful riverfront to Kensington’s sophisticated residential roads, this borough epitomises exclusivity. During the summer, the Thames comes to life with rowers and boaters, and waterside verandas of pubs and restaurants are teaming with revellers. The streets in Kensington are lined with quintessential luxury boutiques and exclusive eateries.

Property market

£1,425k Average house price
£3,500 Average Rent, 2 Bed
4% Average yield
17% Price growth over last 5 years
15% Price growth 5-years forecast
34% Rental growth over last 5 years
11% Rental growth 5-years forecast

Lifestyle

16 Number of ‘Outstanding’ primary schools
5 Number of ‘Outstanding’ secondary schools
585 Restaurants and cafes
1,230 Number of shops
20% Proportion of open space
14 Number of stations
5 PTAL (Public Transport Accessibility Level)

Renowned for its wealthy residents, multi-million-pound properties and prestigious schools, the borough is also rich in culture and community. Home to the iconic V&A Museum, Royal Albert Hall, and the Natural History Museum, along with the Design Museum and Saatchi Gallery. Every year the borough also hosts the legendary Notting Hill Carnival - Europe’s largest street festival - celebrating Caribbean and black cultures.

The world-class Imperial College London university attracts a vibrant student population. Kensington and Chelsea offers a wide choice of highly sought-after properties which span from quirky pastel-coloured houses in Notting Hill to Parisian-chic apartments in Knightsbridge.

 

Insights

 

  • House prices are on average 176% higher London as a whole
  • Average rent for a 2-bed flat is 95% higher than the London average
  • Despite already high average house prices, house price growth over the last 5 years was 17%, higher than London at 10%
  • over the next 5 years, house price growth is expected to be 15%, lower than London at 19%

  • Average asking rents grew 34% over the last 5 years, significantly higher than London at 14%
  • Over the next 5 years average rents are predicted to grow by 11%, lower than London at 14%

  • 59% of the borough's primary schools are rated as outstanding by Ofsted, higher than the London figure of 27%
  • 83% of the borough's secondary schools are rated as outstanding by Ofsted, higher than the London figure of 36%
  • 263 shops per square mile, higher than the figure for London of 73.48
  • 125 restaurants and cafes per square mile, higher than the figure for London of 24.29

The Notting Hill Carnival is the largest street party in Europe.

Kensington is more than just a stunning place to live. From buying my morning pastry in Ole and Steen, to strolling through the Kensington Palace Gardens, there is plenty to both see and do. My personal favourite is brunch at The Ivy followed by a cycle through Hyde Park and a visit to the Notting Hill markets.

London boroughs

Use the map below to find out what the other boroughs in London have to offer:

View the full map

Disclaimers

*Please note the forecasts in this report are historic and not reflective of current market conditions

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research - Read our five-year forecast 
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)