House prices in west London head and shoulders above other London boroughs
House prices in Kensington and Chelsea are head and shoulders above other London boroughs, with some homes selling for a whopping £35m, writes Jacob Phillips, Local Democracy Reporter.
Properties across the west London borough are eye-wateringly expensive compared to the rest of London, where the average house price is £526,000.
Houses in Kensington have sold for £3.5m on average, according to property experts Property Solvers.
A six-bedroom mansion in Knightsbridge is listed on Rightmove for £35m, while terraced houses in Cheyne Row cost £20m.
Even parking spaces in the borough cost more than some homes. A parking space in Knightsbridge is currently on sale for £250,000.
According to Churchill Insurance, the average price per square foot in Kensington stands at £1,721 – 29 times the price of the equivalent in Darlington in Durham.
Since property prices are so high in the area, landlords often rent out small spaces for ridiculous prices.
One landlord in Earl’s Court rented out a property so small that the bed nearly touches the oven, while another property in the borough was advertised without a toilet.
Everyone at the South London Press thanks you for your continued support.
Former Housing Secretary Robert Jenrick has encouraged everyone in the country who can afford to do so to buy a newspaper, and told the Downing Street press briefing:
“A FREE COUNTRY NEEDS A FREE PRESS, AND THE NEWSPAPERS OF OUR COUNTRY ARE UNDER SIGNIFICANT FINANCIAL PRESSURE”
If you can afford to do so, we would be so grateful if you can make a donation which will allow us to continue to bring stories to you, both in print and online. Or please make cheques payable to “MSI Media Limited” and send by post to South London Press, Unit 112, 160 Bromley Road, Catford, London SE6 2NZ
