First mentioned in the Doomsday Book, Kensington is split into the area north of Kensington High Street which is bordered by Notting Hill Gate, and the southern region which is bordered by Cromwell Road. Property for sale in Kensington tends to be a mixture of period properties and Victorian mansion blocks often surrounding attractive garden squares.
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Property in Kensington is greatly sought after, and this has had a massive impact on the prices within the area.
The average price of a property for sale in Kensington is a healthy £1,489,367, and the average price of a house comes in at around £3,260,000. The value of properties for sale in Kensington has enjoyed an increase well above the UK average. In just the last year, house prices in Kensington have seen an increase of more than 10%.
Typically, property prices in Kensington are less than that of Mayfair on a square footage basis, however, the properties themselves do tend to be larger. There are excellent opportunities for property investment in Kensington as it tends to be more residential than the nearby Mayfair and Knightsbridge areas.
Property in Kensington tend to be popular due to the wide range of amenities around them.
Not only does the area boast big tourist attractions such as the Royal Albert Hall, the Natural History Museum, the Victoria & Albert Museum, the Science Museum and the Geological Museum, the area also has good transport links.
It is served by the District, Circle and Piccadilly tube lines, with South Kensington and Gloucester Road being the main stations.
The area enjoys easy access into central London as well as direct routes to Heathrow Airport. With Kensington Gardens joining Hyde Park, properties for sale in Kensington are unsurprisingly snapped up quickly.
Published: 6 March 2017Recent statistics has shown UK housing affordability is at its worst level in over a decade. This is seen through property prices increasing by 32% over the last five years alone, with the average wage growing by just 7%.
Published: 17 February 2017Despite house prices across the UK are growing at a faster rate than in central London, property prices in London remains more than double than the UK average.
Published: 13 December 2016Property prices in the South East of England have been increasing at a faster rate than the capital. This is due to a higher percentage of the population demanding to live in commuter towns such as Luton.
Published: 30 September 2016Royal Victoria Residences is a stunning new development of stylish apartments, perfectly located within easy walking distance of the new £1bn Asian Business Port development in London city centre.
Published: 26 September 2016Since the results of Brexit, overseas property buyers have seen the potential in London house prices and are investing heavily in London properties. Leading to no signs of the British property market falling.
Published: 31 August 2016The UKs average rent has increased by 2.4% over the past year, with the yields expected to increase even further. This is due to the private rented sector’s supply and demand imbalance continuing to raise.