The most expensive boroughs in London

Average London house prices rose in February, according to a survey by the Royal Institution of Chartered Surveyors (RICS). The increase has been put down to high demand as well as the continued effects of the so-called ‘Boris bounce’ following December’s general election. At this point, a quarter of estate agents surveyed by RICS expected prices to continue to rise over the coming months. 

Then came coronavirus. How the outbreak will impact on house prices long–term is still to be seen. But, while prices rise and fall, certain London areas maintain their position as the most expensive places to live in the UK.  

The most expensive streets in London

With its selection of elegant properties and exclusive streets, London is home to half of the UK’s priciest addresses, with the majority of these sitting in the same few local authority areas – the richest boroughs in the UK. 

The most expensive places to live in London has an enduring fascination for readers and journalists alike, with new surveys released just about every month. While the street grabbing the top spot varies, depending on which report you read, the same few addresses tend to crop up each time. 

These include Kensington Palace Gardens – dubbed, ‘Billionaires’ Boulevard’, with a price tag of just under £33 million; Courtenay Avenue, between Hampstead Heath and Highgate; Grosvenor Crescent in Belgravia and Illchester Place in Holland Park.  

If you have more than £7 million to spare you could go for Eaton Square in Belgravia or Campden Hill in Kensington. Other surveys place Princes Gate – overlooking Hyde Park and neighbouring both Kensington and Buckingham Palace – and Phillimore Gardens in Holland Park as the most expensive. 

Outside London, south east England still dominates the listings with Montrose Gardens in Leatherhead, Surrey coming next, followed by properties in Rickmansworth, Hertfordshire and Sevenoaks, Kent. 

Where are London’s most expensive boroughs? 

The three most expensive boroughs in London; Kensington and Chelsea, Westminster and Camden rarely move from the top slots.  

According to data from Rightmove, at the top of the latest chart is Kensington and Chelsea, where the average price of a home is just over £1.5 million. Westminster’s average house price comes in at more than £1.4 million, with Camden following at an average price of more than £968,000.  

Fourth on the list is Hammersmith and Fulham, where an average home will set you back more than £910,000, followed by Richmond upon Thames at £788,000. Wandsworth is next with a price tag just under £758,000. 

Islington is seventh on the list, followed by Southwark, Lambeth and Barnet, where an average home will cost you over £620,000. 

The 10 most expensive London boroughs

Desirable London locations 

If you are looking for a luxurious London home, but your budget can’t stretch to several millions, why not consider Primrose Hill, Camden, Maida Vale and St John’s Wood? With their share of large and luxurious properties, these north London districts often cost less than the prime addresses mentioned above. 

If you would prefer to be a little closer to the centre, look at Soho, Baker Street, Fitzrovia and Marylebone, where you will find desirable homes that boast stunning interiors and architecture. 

How much is your home worth? 

If you own property in central or north London, and would like an up-to-date valuation, contact Kubie Gold today. We will arrange for one of our experienced property consultants to provide an accurate valuation and explain how best to market your flat or house to achieve the best possible sale price.