As one of the most sought-after areas in all of London, property for sale in Kensington has been enticing overseas investors with high-end specifications, prestigious history and some of the finest architecture within the capital.
With global appeal, Kensington is one of the most popular areas in London for overseas investors with luxury living and easy access to high-end amenities. Many of the neighbourhoods within this part of West London offer a village feel, while still being within the heartbeat of the capital.
From world-famous museums, the regal Royal Albert Hall, designer shops and fine-dining eateries to highly sought-after schools, good connections to Heathrow Airport, Central London and the city’s main national rail stations and beautiful parkland and gardens, Kensington is home to some of the most desirable properties and neighbourhoods in all of London.
As the area has strong liveability, it may not be a surprise that when people move to Kensington, they often stay put for a while. Collectively, the Royal Borough of Kensington and Chelsea is home to over 150,000 people. The area has a vibrant and eclectic local community with a mix of sophistication and character that is rarely found.
As a thriving borough, Kensington is home to a range of employment opportunities with a range of small businesses and corporate head offices located there, including a number of national newspapers. Across Kensington and Chelsea as a whole, there are more than 18,000 businesses employing 120,000 people.
This brings a lot of people to Kensington, boosting the area’s rental market. And after the lifting of travel restrictions during the COVID-19 pandemic, the return of international students has provided a further lift to the sector, strengthening rental demand and values.
Some of the best new prime developments within London are being built in Kensington and often come with an ultra-high specification and luxury amenities right on the doorstep. This is adding more high-quality property for sale in Kensington to the market.
There are also a number of regeneration projects being brought forward in Kensington, including in Earl’s Court and Portobello Square. These projects are bringing forward more new housing, commercial space and community facilities, which is further elevating the area and its property market.
Additionally, within the area, there has been a significant amount of investment from overseas investors. As Kensington has global appeal, this is unlikely to slow down anytime soon.
Kensington offers some of the most desirable property for sale in a range of brackets and some of the largest properties in all of London. This area in the capital has an abundance of Edwardian mansion blocks and is home to the most stunningly decorated properties across the capital.
There are also a range of types of properties in Kensington from apartments in sought-after mansion blocks to stylish period conversions and mews and large family homes and townhouses. The buildings here have a sense of character and history that is hard to find in other areas of London.
Some of the most appealing areas to buy property within the borough are near Kensington High Street, Phillimore Gardens, Kensington Church and Holland Park to name a few. The oldest properties date back to the late 1700s and are predominantly situated around Kensington Square.
London is home to the most expensive house prices in the UK. And as Kensington has a significant amount of incredibly high-end and desirable properties and with its prestigious history, the area naturally has above average house prices, which requires a larger amount of capital to be able to invest.
Figures from Zoopla reveal the average cost of a property in the Royal Borough of Kensington and Chelsea stands at £1.1m. This is much higher than the London average of £495,200.
One of the most iconic streets, Kensington Palace Gardens, is found in the game Monopoly, and unsurprisingly, it’s one of the most expensive properties to buy in the entire game and considered one of the UK’s most exclusive addresses. The street is even called “Billionaires Row”.
Because of Kensington’s strong appeal, house prices have grown substantially there over the past two decades. It was even recently named the top property hotspot in the UK for long-term house price growth.
Homes in Kensington have surged by nearly £740,000 in the last 20 years, according to data from Zoopla. Since 2011, prices have increased by an average of £380,200 alone.
Additionally, data from Chestertons reveals that residential rental values are also high in Kensington and have been on the rise. Values have been up by a whopping 25% in the three months to the end of September 2021.
Recently, rental demand has been particularly high for prime luxurious properties. The average gross rental yield in the borough is also in line with the average for all of Prime Central London at 2.75%, according to figures from Chestertons.
Property for sale in Kensington is particularly appealing for investors looking for a long-term investment with the potential to earn solid capital appreciation. And the area’s history and prestige give it an allure that is unlikely to dull over the years.
If you’re searching for a property for sale in Kensington, please view our listings below or contact us for a personalised property consultation.